The reasons for this rebound are as follows:

1. With the slowdown of CPI inflation, macro market sentiment is positive. The market currently expects a 95% chance of a rate cut in September

2. The German government sold off 50,000 BTC in 24 days

3. Spot ETF demand is strong, with a net inflow of about $1 billion this week. Although retail sentiment is in a state of panic, large hedge funds have been actively increasing BTC upside exposure, especially December and March call options, targeting a price level of $100,000-120,000

4. Spot Ethereum ETF is expected to be approved for listing next week#美国6月CPI大幅降温 #美联储何时降息？ #BTC #ETH