CoinShares: Bitcoin is Facing Three Major Pressures, Market in Fragile Bottoming Stage

CoinFeed July 11 news, CoinShares released its latest report stating that Bitcoin is facing three major pressures — the Fed's hawkish stance, uncertainty in the Iran situation, and the stalled progress of the Clarity Act. The June FOMC meeting minutes showed the Fed kept interest rates unchanged at 3.50%-3.75% but removed dovish language, with September rate hike risk still present. Core PCE inflation was 3.3% in April and expected 3.4% in May. The fragility of the Iran ceasefire agreement exacerbates geopolitical pressure, making Bitcoin trade more like a macro asset. Bitcoin ETFs saw record outflows of about $8 billion over eight consecutive weeks, but inflows have appeared in the past three trading days, suggesting the market may be approaching a capitulation phase.