PANews reported on July 15th that Markus Thielen, the founder of 10x Research, stated in a report: Due to oversupply and a lack of stable market fundamentals, concerns persist, posing potential risks for mid-term traders. Last week, BTC seemed to Rebound from Oversold levels before the release of the Consumer Price Index (CPI), which was expected to decline. However, as this expectation was widely known and BTC had already pumped, the price could not be sustained. This trend of declining inflation may continue until October, when year-on-year data will be more challenging. Despite experiencing a nearly 20% pullback at the lowest point during the sale of $3 billion worth of BTC in the state of Saxon, USA, it has withstood this test. However, larger-scale selling is expected in the coming weeks and months, which may further impact the market.