BlockBeats News, June 24th, Wintermute's OTC Trading Desk pointed out in a report that both Bitcoin and Ethereum are gradually testing the lower bounds of their recent ranges, with Bitcoin's short-term price potentially falling to around $59,000. Option market pricing indicates that the short-term expected price range is $61,242–$63,563 for BTC and $1,606–$1,694 for ETH, with implied volatility around 1.9% and 2.7%, respectively.

The current market structure is weak, with no additional buying pressure from ETF inflows. Summer liquidity decline, combined with macro and geopolitical uncertainties, has increased asset correlation and led to a convergence in price movements. The $59,000 level is seen as a key support, and it is believed that this week attention should be paid to Fed inflation data and end-of-month options expiry events as driving factors.