On July 16, a recent research report published by JPMorgan Chase stated that the cryptocurrency "clearing wave" that has crushed the market for months has passed, and it is believed that the net inflow of funds into the cryptocurrency market this year will reach 8 billion US dollars, and Bitcoin will rise again in August this year. Elvis, an insider in the cryptocurrency industry, also said that there are indeed some optimistic signals recently, including that Bitcoin mining companies have actually reduced their selling in the past month, and US spot ETFs have also seen a resumption of net inflows.

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