James Seyffart, an ETF analyst at Bloomberg, recently posted a comment on social media, pointing out that the capital flow of US Bitcoin exchange-traded funds (ETFs) has almost stagnated, although the cumulative net inflow of funds in these ETFs has reached a considerable $14.7 billion since their launch. However, it cannot be ignored that the trading activity of this group of ETFs has continued to decline since mid-May, and the daily trading volume has never exceeded the $3 billion threshold, indicating a trend of declining market activity.

Kryptanium Capital co-founder: BTC and SOL are currently moving steadily at key technical levels

Daniel Yan, founding partner of Matrixport and co-founder of Kryptanium Capital, said on the X platform that the market has recovered from the trough in the past week, and BTC and SOL are currently moving steadily at key technical levels. The market is looking for a breakthrough, which I think is possible, but I would like to point out that it looks similar to the situation in the first week of June.
In addition, Daniel Yan said that although he is generally optimistic about the third quarter because liquidity conditions will improve and Gox will lag behind us, he is cautious about Friday's non-farm payrolls data, and the actual Gox allocation is still undetermined. The CPI inflation data for June will be the key data to pay attention to after the non-farm payrolls data (next week).