BlockBeats News, June 22nd - Several market analysts have stated that despite the hawkish stance of the new Federal Reserve Chair Kevin Warsh and ongoing macro uncertainty putting pressure, Bitcoin has shown more resilience than expected recently. However, there are no clear signs of a demand recovery in the market yet.

Data shows that Bitcoin is currently hovering around $64,700, down about 13% in the past month, and nearly 50% from the historical high reached in October last year. Analysts believe that the current selling pressure is nearing exhaustion, but buying interest has not returned, keeping the market in a phase of range-bound trading and deleveraging.

Institutional fund inflows remain weak. Analysts point out that the U.S. Bitcoin spot ETF has seen outflows of approximately $4 billion in the past month, indicating that institutional investors are still reducing their positions. At the same time, the derivatives market is deleveraging, and Bitcoin has not yet broken below a key support area, suggesting that funds are absorbing the volatility.

Potential catalysts the market is watching include the U.S. "Clarity Act" vote, easing inflationary pressures post the Iran ceasefire, and Bitcoin options expiring this Friday with a total size of around $10.9 billion. Some predict that market traders are currently leaning bearish, with a 70% probability of Bitcoin dropping to $55,000.