According to Odaily, QCP Capital released a report on June 27, indicating that Bitcoin is likely to maintain its support at $60,000. This prediction is based on the slowed pace of Bitcoin transfers by the German government, which only transferred 250 Bitcoins yesterday. This could suggest that their current selling plan is nearing its end.
In addition, after seven consecutive days of capital outflows, the Bitcoin spot ETF reported a net inflow of $52.4 million over the past two days. The report further suggests that the timing to buy Bitcoin may have arrived, as the ETF funds have turned positive and the impact of the Mentougou incident has likely been largely digested.