PANews, June 24 – According to a CoinDesk report, the over-the-counter trading desk at market maker Wintermute noted in a report that Bitcoin and Ethereum are trending toward the lower end of their recent ranges, pressured by the Federal Reserve’s hawkish stance and geopolitical headlines. Wintermute’s options pricing indicates that Bitcoin is expected to trade between $61,242 and $63,563 over the next 24 hours, while Ethereum is seen in the $1,606 to $1,694 range. The report also pointed out that correlations among tokens are rising, liquidity is shrinking as summer arrives, and ETF inflows show no signs of new institutional buying. Wintermute flagged $59,000 as a key level to watch, suggesting that if current pressure persists, this level could serve as support for a bear market low.

Three catalysts will dominate market direction for the remainder of the week: the sustainability of the U.S.-Iran peace agreement, the PCE inflation data due on Thursday, and the month-end quarterly options expiry, which could amplify market volatility as traders roll over or close out positions.