Today's market faced dual bearish pressures—the Fed's June FOMC minutes signaled a hawkish stance (9 members expect at least one rate hike before year-end), coupled with Trump's announcement of the end of the US-Iran ceasefire agreement and heightened risk of a blockade in the Strait of Hormuz, pushing crude oil above $75. BTC fell from yesterday's high of $64,305 to $62,282, retesting the lower edge of the consolidation range. The Fear & Greed Index dropped to 20 (extreme fear), a new recent low. Notably, ETFs have seen net inflows for 3 consecutive days, with BlackRock's IBIT absorbing $54.8M in a single day, as institutional capital continues to scoop up at lower levels. This marks a critical juncture where technicals and macro factors are at play.