[CoinShares: Bitcoin Faces Three Major Pressures, Market in Fragile Bottoming Phase] CoinShares released its latest report stating that Bitcoin is facing three major pressures—hawkish stance from the Federal Reserve, uncertainty surrounding the situation in Iran, and the stalled progress of the 'Clarity Act.' Minutes from the June FOMC meeting indicate that the Federal Reserve kept interest rates unchanged at 3.50%-3.75% but removed dovish language, with the risk of a rate hike in September still present. Core PCE inflation was 3.3% in April and is expected to be 3.4% in May. The fragility of the Iran ceasefire agreement has heightened geopolitical pressures, making Bitcoin lean more toward macro-asset trading. Bitcoin ETFs have seen record outflows of approximately $8 billion over eight consecutive weeks, but inflows have been observed over the past three trading days, suggesting the market may be nearing a capitulation phase.