Bitcoin Falls Below $63,000 Amid Sixth Consecutive Week of ETF Outflows and $10.6B Options Expiry

According to ChainCatcher, Bitcoin fell below $63,000 on Tuesday amid the sixth consecutive week of spot ETF outflows, hawkish shifts in U.S. monetary policy, and mounting quarterly options expiration pressure. Ethereum dropped below $1,700 on the same day, with both BTC and ETH declining nearly 20% over the past 30 days.

The market downturn was driven by two primary factors. The Federal Reserve maintained interest rates at 3.5%-3.75% on June 18, but signaled a hawkish pivot by removing dovish language from its statement and revising forward guidance to suggest potential rate hikes rather than cuts; nine of 18 Fed officials now expect at least one rate increase before year-end. Additionally, escalating geopolitical tensions reversed earlier gains—a cease-fire agreement between the U.S. and Iran collapsed on June 19 when Iran withdrew from negotiations. Deribit is set to process approximately $10.6 billion in options expiry on June 26, further weighing on market sentiment.