According to online reports, Matrixport released a daily icon analysis saying that Bitcoin has returned to a high point, but the casting momentum of stablecoin continues to decline. The lack of new liquidity injected into the market may be one of the key reasons why Bitcoin failed to achieve an effective breakthrough. Judging from the chain data, the new capital inflow to the market is still limited. Considering that summer is already a light trading period, new macro catalysts are still needed to break the current pattern. In this context, we believe that long investors can consider hedging potential risks by selling call options. Although there is still room for prices to rise slowly, the probability of a rapid rise in the short term is low.