[Wintermute: Bitcoin May Drop to $59,000 in the Short Term as Market Liquidity Continues to Tighten] BlockBeats News, June 24 – Wintermute's OTC trading division noted in a report that Bitcoin and Ethereum are gradually testing the lower bounds of their recent ranges, with Bitcoin potentially retreating to around $59,000 in the short term. Options market pricing indicates that BTC's short-term expected volatility range is $61,242–$63,563, while ETH's range is $1,606–$1,694, with implied volatility of approximately 1.9% and 2.7%, respectively. The current market structure remains weak, with no new ETF inflows observed. A seasonal decline in liquidity, combined with macroeconomic and geopolitical uncertainties, has led to increased asset correlation and synchronized market movements. The $59,000 level is viewed as a critical support, and it is suggested to closely monitor key events this week, such as the Federal Reserve's inflation data and month-end options expirations. [Original Link]