Ramazan Eles 
After a bearish June, Singapore-based crypto investment firm QCP Capital expects July to bring a general upward trend for Bitcoin (BTC). In their latest report, they highlighted that historically, July has been a bullish month for BTC.
Option Market Sentiment Remains Bullish
Despite the recent sell-offs, QCP Capital noted that the options market still retains a bullish bias, indicating that the market is still anticipating a year-end rally. This aligns with the observation of significant buying interest in 100k-120k long-term options by options traders.
QCP Capital Anticipates Stagnant Third Quarter Due to Mt. Gox Uncertainties
Looking ahead, QCP Capital analysts predict a stagnant third quarter for BTC due to uncertainties surrounding the potential release of Bitcoin from the Mt. Gox bankruptcy estate. They believe that the market will remain cautious until the Mt. Gox situation is resolved.