--- title: "Bitcoin Price Rises Above $65,000 as ETF Outflows Slow, Iran Deal and Fed Pull in Opposite Directions" url: https://thecoingazette.com/bitcoin-price-rises-above-65000-as-etf-outflows-slow-iran-deal-and-fed-pull-in-opposite-directions/ date: 2026-06-22 modified: 2026-06-22 author: "Coin Gazette Editorial" description: "Bitcoin Magazine Bitcoin Price Rises Above $65,000 as ETF Outflows Slow, Iran Deal and Fed Pull in Opposite Directions Bitcoin price climbed above $65,000 Monday morning, caught between a sixth..." categories: - "bitcoin price" - "Crypto News" - "Kevin Warsh" tags: - "analysts" - "bitcoin price" - "federal reserve" - "Kevin Warsh" - "Markets" - "strive" image: https://thecoingazette.com/wp-content/uploads/2026/06/bitcoin-price-rises-above-65000-as-etf-outflows-slow-iran-deal-and-fed-pull-in-opposite-directions-1400x788.jpg word_count: 765 --- # Bitcoin Price Rises Above $65,000 as ETF Outflows Slow, Iran Deal and Fed Pull in Opposite Directions [Bitcoin Magazine](https://bitcoinmagazine.com) ![](https://bitcoinmagazine.com/wp-content/uploads/2026/06/Bitcoin-Price-Rises-Above-65000-as-ETF-Outflows-Slow-Iran-Deal-and-Fed-Pull-in-Opposite-Directions.jpg) [Bitcoin Price Rises Above $65,000 as ETF Outflows Slow, Iran Deal and Fed Pull in Opposite Directions](https://bitcoinmagazine.com/markets/bitcoin-price-rises-above-65000-etf) Bitcoin price climbed [above](https://bitcoinmagazine.com/bitcoin-price) $65,000 Monday morning, caught between a sixth straight week of spot ETF outflows, a hawkish Federal Reserve debut, and a U.S.-Iran peace deal that gave risk assets a short-lived lift. The move higher came as U.S. and Iranian officials [reported](https://www.reuters.com/world/asia-pacific/us-iran-talks-go-into-day-2-after-trump-threats-hormuz-closure-2026-06-22/) progress at peace talks in Switzerland, building on last week’s signed memorandum of understanding that formally ended more than 100 days of conflict.  The deal reopened the [Strait of Hormuz](https://bitcoinmagazine.com/news/iran-to-accept-bitcoin-for-strait), through which roughly a fifth of the world’s oil flows, and sent crude prices to three-month lows. The initial geopolitical relief pushed the bitcoin price to $66,230 late last week before the macro picture reasserted itself. That reassertion came in the form of new [Fed Chair Kevin Warsh](https://bitcoinmagazine.com/news/warsh-fed-exposes-bitcoin), whose first FOMC meeting landed as a hawkish reset. Warsh [expressed](https://bitcoinmagazine.com/news/fed-signals-rate-hikes-as-kevin-warsh) a strict commitment to returning inflation to the 2% target — a stance shaped in part by May CPI coming in at 4.2%, well above target.  CME FedWatch now puts the probability of a rate hike at the July meeting at roughly 36%, with markets pricing at least one 25-basis-point increase before year-end. The U.S. dollar index recovered to the 100.6–100.8 range in the wake of the Fed’s tone, a headwind that has historically weighed heavily on the bitcoin price. Against that backdrop, spot bitcoin ETFs in the U.S. logged a sixth consecutive week of net outflows. Funds bled $226.8 million in the week ending June 18, according to SoSoValue data, bringing the six-week total to $5.94 billion — the longest consecutive weekly outflow streak on record. U.S. spot ETFs have now shed a record $6.35 billion over the past 30 days, [per](https://x.com/glxyresearch/status/2068331335425441825?s=20) Galaxy Research. The pace of outflows, however, has slowed. The first week of June saw $1.72 billion leave the funds; last week that figure dropped to just over $226 million. Bitfinex analysts note that funding rates remain subdued and leverage has not expanded, pointing to spot order books — not speculative positioning — as the driver of recent price action.  “Investors remain cautious given the shift in the macro regime, while institutional and treasury-style buyers continue to provide the marginal bid,” Bitfinex said in a note to *Bitcoin Magazine*. “That combination points to an under-positioned market rather than an overheated one, leaving room for further upside if spot demand strengthens.” Bitfinex also flagged a pattern in its margin data: BTC/USD margin longs have been building in a range tracking 10–25% off the recent downside, a positioning pattern that has historically preceded medium-term bottoms, according to the note. ## Strategy and Strive stack some sats  Corporate buyers showed no signs of pulling back. Strategy (Nasdaq: MSTR) [disclosed](https://bitcoinmagazine.com/news/michael-saylors-strategy-buys-520-bitcoin) Monday that it acquired 520 bitcoin last week for approximately $35 million at an average bitcoin price of $67,068, its third straight weekly purchase. That brings the firm’s total holdings to 847,363 BTC. The company also raised its USD reserve by $300 million to $1.4 billion to support dividend obligations on its preferred stock program. In a notable week for the broader bitcoin treasury space, Strive, Inc. (Nasdaq: ASST) [out-bought](https://bitcoinmagazine.com/news/strive-asst-buys-759-bitcoin-for-50-mil) Strategy for the week. The Dallas-based firm disclosed the purchase of 759 bitcoin for approximately $50 million at an average bitcoin price of $65,850 per coin, lifting its total holdings to 19,864 BTC.  It was Strive’s largest single-week acquisition in recent months and a significant step-up from the 73 BTC it purchased the week prior. ## Bitcoin price catalysts Bitcoin’s options market [tells](https://www.cmegroup.com/markets/cryptocurrencies/bitcoin/bitcoin.html?utm_source=google&utm_medium=paid_search&utm_campaign=bitcoin_ao&gclsrc=aw.ds&gad_source=1&gad_campaignid=23709584315&gbraid=0AAAAApmcuzodRoxOyL5TR3nn10paKyATk&gclid=CjwKCAjwuuPRBhAnEiwA2Ji8esMrCYuTGv9wHG1rmCx8nu8eFomVrY16x_MoKnfHkrmFpNKAViL8dxoCMacQAvD_BwE) a more nuanced story than the headline price suggests. One-week implied volatility has retreated from 60% to 36%, and the 25-delta put skew has pulled back from its June extremes, suggesting the rush for downside protection has subsided.  Realized volatility has climbed above implied volatility — 1-month IV near 39% against realized volatility above 42% — meaning recent price swings have outpaced what options markets priced in. A large negative gamma cluster sits near $62,000, where roughly $1.8 billion in short gamma is concentrated. Options traders continue to pay a premium for downside protection, Bitfinex notes, keeping volatility premium and 25-delta skew metrics elevated even after June’s pullback.  Bitcoin price sits roughly 50% below its October record of a bitcoin price $126,080, with the next catalysts to watch being any shift in guidance from Warsh or [progress](https://bitcoinmagazine.com/news/senate-committee-advances-clarity-act) on the CLARITY Act through Congress. ![bitcoin price](https://bitcoinmagazine.com/wp-content/uploads/2026/06/Bitcoin-Magazine-Pro-Screenshot-2026-06-22T101027.285-972x1024.png) This post [Bitcoin Price Rises Above $65,000 as ETF Outflows Slow, Iran Deal and Fed Pull in Opposite Directions](https://bitcoinmagazine.com/markets/bitcoin-price-rises-above-65000-etf) first appeared on [Bitcoin Magazine](https://bitcoinmagazine.com) and is written by [Micah Zimmerman](https://bitcoinmagazine.com/authors/micahzimmerman).