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Bitcoin has been trading sideways in a narrow range since March. Alex Thorn, head of research at digital asset investment firm Galaxy, noted in an X post that bitcoin's 30-day real volatility has fallen to near-record lows, underscoring the boring price action. Additionally, a June 17 report from CoinShares showed $600 million in outflows from digital asset exchange-traded products and funds last week, the largest outflow since March 22, with total assets under management in crypto funds falling to $94 billion from $100 billion. According to analysts at Secure Digital Markets, “Investors are 'shifting to quality assets' following the Fed's tough stance, moving capital from riskier investments to safer assets during periods of market uncertainty to minimize losses and preserve capital.“
