On July 13, QCP Capital posted on the official channel that the market has returned to some stability this week, with BTC and ETH recovering to key 58,000 and $3,100. The reasons for this rally include: · Positive macro sentiment, slowing inflation, and the market currently expects a 95% chance of a rate cut in September. · The German government's 50,000 BTC sell-off is over. · Spot ETF demand is strong, with a net inflow of about $1 billion this week. In terms of volatility, while cryptocurrency social media and retail sentiment have been screaming panic, large hedge funds have been confidently and actively buying BTC upside, especially in December and March call options, targeting the 100,000 - 120,000 dollar price level.