Bitcoin remains under pressure near $62,500 amid Fed uncertainty and subdued institutional flows

Bitcoin fell 1.90% to around $62,500 and Ethereum declined 2.33% to near $1,689 over 24 hours, with major altcoins dropping up to 4%. The sell-off was driven by hawkish comments from the US Federal Reserve, subdued institutional participation, and uneven ETF flows, with BTC and ETH spot ETFs recording outflows on June 18. The move triggered about $330 million in long position liquidations, though some analysts noted the worst of the outflow cycle appears to have eased.