TechFlow reported, QCP Capital stated that BTC rebounded from the $60K area to $63.7K at the beginning of the second half of the year and briefly broke below the $60K support level last week. BTC spot ETFs saw a net inflow of $73 million on Friday, the highest single-day inflow in two weeks. According to seasonal data, BTC's median return in July is 9.6%, especially strong following a negative June performance (-9.85%).
QCP Capital's options trading desk also observed capital flows on Friday last week positioning for a potential rally toward month-end, possibly anticipating the launch of ETH spot ETFs. All signs point to July being a bullish month.
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