Per Woofun AI, BTC prices retreated below the $63,000 threshold, with ETH also slipping beneath $1,700, as both assets recorded nearly 20% losses over the past 30 days. This downward momentum was primarily fueled by six consecutive weeks of outflows from spot ETFs, compounded by the expiration of approximately $10.6 billion in options at Deribit on June 26.

The Federal Reserve’s June 18 FOMC meeting further intensified market pressure, as officials maintained interest rates between 3.50% and 3.75% while signaling a potential shift toward rate hikes. Nine of 18 officials projected at least one hike this year, significantly raising the probability of a December increase.

Concurrently, geopolitical tensions flared after Iran withdrew from ceasefire negotiations with the United States on June 19, reversing earlier optimism that had pushed BTC above $67,000. With leveraged positions largely cleared, market participants remain defensive, awaiting Thursday’s PCE inflation data to determine the next directional move.