Bitwise analyst Andr é Dragosch predicts that Bitcoin still has 20% room for decline

The total amount of bank deposits in the United States decreased from $19.338 trillion last week to $19.296 trillion.

Coinbase transfers $4.4 billion in USDC to Hyperliquid deployer, marking the largest USDC transfer on record. （Cointelegraph）

According to Trader T monitoring, interest rate swap trading shows that traders expect a 100% chance of a 25 basis point rate hike by January 2027. Core inflation in the United States moderately accelerated last month, with crude oil prices falling below $85 per barrel. US President Donald Trump announced progress in reaching a peace agreement with Iran. Dhiraj Narula, US interest rate strategist at HSBC Securities, stated that signs of a possible reopening of the Strait of Hormuz and the decline in oil prices have delayed expectations for the timing of interest rate hikes.

White House official Patrick Witt stated that the goal is to pass the Clarity Act on cryptocurrency before July 4th. （Watcher.Guru）

Bitwise analyst Andr é Dragosch predicts that Bitcoin still has a 20% downward potential, and the market bottom may be around $48000. （Cointelegraph）