July Market Sees Uneven Rebound from June's Risk-Off Sentiment

The July market saw a gradual recovery from June's deep risk-off sentiment, but the rebound was uneven. Bitcoin (BTC) started the month at around $60,003.76 and briefly broke above $65,000 in mid-to-late July, reaching an all-time high of $66,505.12 on CoinMarketCap on July 21. However, it later fell back to $62,813.75 by the end of the month, with a monthly gain of around 4.68% but a 5.55% retreat from its peak.

Ethereum (ETH) outperformed BTC in July, rising by about 15.62%. This suggests that the market's rebound was not just a simple BTC bounce, but rather a more structural recovery, with ETH and other mainstream assets like BNB and TRX leading the way while high-beta assets like SOL were under pressure.

The report advises private wealth clients to be cautious about interpreting July's performance as a clear sign of a strong trend. It notes that Bitcoin has proven to have strong support around $60,000 but still needs confirmation of stable inflows above $65,000-$66,500. The report also emphasizes the importance of liquidity management and diversification.