**[Wintermute: Bitcoin Holds $62,000 Amid Geopolitical Shocks, ETF Turns to Net Inflows After Eight Weeks of Outflows]** Deep Tide TechFlow reports that on July 14, Wintermute released a market analysis indicating that despite consecutive geopolitical events such as U.S. airstrikes on Iran and the indefinite closure of the Strait of Hormuz, Bitcoin only experienced a slight pullback and held the $62,000 range before rebounding to around $64,000. This demonstrates the market's resilience under sustained shocks. Institutions believe this indicates that weak holders in the market have largely been cleared out, and Bitcoin is undergoing a "higher low" bottoming process. In terms of fund flows, after cumulative outflows of approximately $8 billion to $9 billion since May, Bitcoin and Ethereum-related products recorded a combined net inflow of about $282 million last week, ending eight consecutive weeks of outflows. However, Wintermute emphasized that this is currently just "a turning point" rather than "a trend." Meanwhile, Strategy sold 3,588 Bitcoins, cashing out approximately $216 million to pay preferred stock dividends. The market reaction was muted, reflecting a reduction in concerns over passive selling pressure that had previously suppressed the market. On the macroeconomic front, oil prices rose to $79 due to escalating tensions in the Middle East, while the U.S. 10-year Treasury yield briefly climbed to 4.57%. Market expectations for a September rate hike increased from around 50% to 61%. Wintermute pointed out that the U.S. Consumer Price Index (CPI) to be released this week will directly influence expectations for the Federal Open Market Committee (FOMC) meeting on July 28–29. If inflation data is moderate, it may ease rate hike bets; if the data is hotter than expected, it could further solidify tightening expectations. Overall, while the crypto market has temporarily halted its decline, it has yet to confirm entry into a recovery phase. Key points to watch going forward include CPI data, whether ETFs continue to record net inflows, and the progress of the CLARITY Act this month.