QCP Capital experts note in their reports: large investment funds have begun to switch to "bullish contracts" with execution in September 2024. Experts suggest that in the short term, the market may experience a noticeable price recovery.

QCP Capital drew attention to the statements of the Deputy Governor of the Bank of Japan Shinichi Uchida, who announced that the new increase in the Central Bank rate is postponed due to the high volatility of the yen.

During the market decline on August 5, bitcoin whale transactions reached the highest level since April, according to Santiment. The balance of long-term bitcoin investors' wallets has been replenished by 404,448 bitcoins ($23 billion) over the past 30 days.

According to QCP Capital analysts, the first cryptocurrency was able to restore the critical support level of $56,000 and there is a possibility that the value of the first cryptocurrency will increase to $60,000 in the near future.

Earlier, experts from the financial company JPMorgan stated that the high volatility of the cryptocurrency market did not scare off institutional investors.