On August 24, QC PCapital, a crypto investment institution in Singapore, published an article stating that BTC has easily returned to the familiar range of $61,000 to $70,000, the selling supply is slowly decreasing, and the spot ETF has seen net inflows in 10 of the past 12 days. Similar to last night, cryptocurrencies seem to be looking for a narrative that breaks through this bullish flag that has lasted for months. Although Nvidia's earnings report next week and the interest rate cut in September are both significant, spot prices will continue to fluctuate in this range until the fourth quarter. QCP Capital still believes that the US election and seasonal bullish factors could be catalysts for record highs.