TechFlow news, June 30 — QCP released its daily briefing today indicating that Bitcoin rebounded during the Asian morning session, shaking off its lackluster June performance and approaching $108,000. This move was partly driven by procedural progress in the U.S. Senate on Trump's proposed $4.5 trillion tax cut bill, with a decisive vote scheduled for 9:00 a.m. Eastern Time today. Republicans aim to finalize the legislation before the July 4 deadline.
Last week, Bitcoin spot ETFs recorded $2.2 billion in net inflows, with institutional investors such as Strategy and Metaplanet maintaining steady accumulation. As prices rose, perpetual contract funding rates turned positive from neutral, and leveraged long positions began increasing.
Meanwhile, Ethereum and Solana also rose, supported by positive feedback from the U.S. Securities and Exchange Commission regarding REX Shares' staking ETF proposal. Despite bullish price action, the options market remains calm, with implied volatility staying near historical lows.
