July 16th news, JPMorgan Chase recently published a research report said that the cryptocurrency "clearing tide" that has crushed the market for several months has passed, and it is believed that the net inflow of funds into the cryptocurrency market this year will reach 8 billion US dollars, and Bitcoin will rise again in August this year. Cryptocurrency industry insider Elvis also said that there are some optimistic signs recently, including bitcoin mining companies have actually reduced their selling in the past month, and US spot ETFs have also seen a return to net inflows.