Bitcoin remains at the $64000 mark, as the hawkish stance of the Federal Reserve suppresses positive news for the Iran ceasefire, leading to six consecutive weeks of net outflows from ETFs According to BlockBeats, on June 22nd, Bitcoin remained around $64000 on Monday and fell into a range oscillation. Last week, the United States and Iran signed a memorandum of understanding, officially ending over 100 days of conflict and reopening the Strait of Hormuz, which briefly pushed Bitcoin above $67000. However, the upward trend was immediately suppressed by the hawkish stance of the Federal Reserve. On the policy front, the newly appointed Federal Reserve Chairman Walsh released a hawkish signal at the first FOMC meeting. CME FedWatch showed a probability of about 36% for a rate hike at the July meeting, and the market expects at least one 25 basis point rate hike this year. In May, the CPI reached 4.2% year-on-year, far exceeding the Federal Reserve's 2% target, completely disappointing the expectation of interest rate cuts. The US dollar index DXY subsequently rebounded to the range of 100.6 to 100.8, forming a historic suppression of Bitcoin. In terms of funds, the US Bitcoin spot ETF has recorded net outflows for six consecutive weeks, with a cumulative net outflow of $63.5 billion over the past 30 days, setting a historical record. The signs of institutional fund return are still unclear. In terms of the options market, the implied volatility for one month is about 39%, while the realized volatility has risen to over 42%. The actual price volatility has exceeded market pricing, indicating fatigue rather than directional confidence. Below $62000, there is a concentration of approximately $1.8 billion in short positions in options. Once the price falls below this level, the selling pressure that market makers are forced to hedge will further accelerate the downward trend, potentially triggering a stampede to $60000. Analysts have set the recent range for Bitcoin at $60000 to $67000, believing that the market is in a state of "balance between support and suppression forces". [Original link]