On July 1st, QCP Capital, a Singapore-based crypto investment institution, posted on social media that BTC rebounded from the $60,000 area to $63,700 after breaking the $60,000 support level last week, opening the first trading day of the second half of the year. BTC spot ETF inflows also continued to recover, with net inflows reaching $73 million on Friday, the highest daily net inflow level in the past two weeks. From a seasonal perspective, BTC posted a median return of 9.6% in July, especially after a negative June (-9.85%). QCP Capital's options trading desk also observed the flow of funds last Friday, likely to usher in a rally in anticipation of the launch of the Ethereum Spot ETF. All signs point to a bullish July.