Analyst: Bitcoin shows resilience after the hawkish stance of the Federal Reserve, but market demand has not yet returned According to BlockBeats, on June 22nd, multiple market analysts stated that despite the hawkish stance of the new Federal Reserve Chairman Kevin Warsh and continued pressure from macro uncertainty, Bitcoin's recent performance has been more resilient than expected, but there are no clear signs of a return to demand in the market. Data shows that Bitcoin is currently hovering around $64700, with a decline of about 13% over the past month and a drop of nearly 50% from the historical high set in October last year. Analysts believe that the current selling pressure is close to exhaustion, but buying has not yet re entered, and the market is still in a period of range oscillation and deleveraging. The flow of institutional funds remains weak. Analysts point out that US spot Bitcoin ETFs have accumulated outflows of about $4 billion in the past month, indicating that institutional investors are still continuing to reduce their positions. At the same time, the derivatives market is deleveraging, and Bitcoin has not yet fallen below the key support zone, indicating that funds are absorbing the volatility. Potential catalysts that the market is concerned about include the vote on the US Clarity Act, the easing of inflation pressure after the ceasefire in Iran, and the expiration of approximately $10.9 billion worth of Bitcoin options this Friday. Some predicted market traders are currently bearish, believing that the probability of Bitcoin falling to $55000 is about 70%. [Original link]