Per Woofun AI, Bitcoin stabilized around $64,000 on Monday, confined to a range-bound fluctuation despite the recent U.S.-Iran memorandum of understanding that ended over 100 days of conflict. The brief rally toward $67,000 was swiftly neutralized by Federal Reserve Chairman Waller’s hawkish signals at his inaugural FOMC meeting, which elevated the probability of a July rate hike to approximately 36%.

Concurrently, U.S. Bitcoin spot ETFs recorded net outflows for six consecutive weeks, totaling $63.5 billion over the past 30 days—a historical record that underscores persistent institutional hesitation. With May CPI year-on-year at 4.2% and the U.S. Dollar Index rebounding to 100.6-100.8, market makers face significant pressure. Options data reveals realized volatility above 42%, exceeding implied levels, while $1.8 billion in short positions below $62,000 pose a risk of cascading liquidations toward $60,000 if support fails.