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ChainCatcher reports that CryptoQuant analyst Axel Adler Jr. stated that Bitcoin may have entered a new accumulation zone, but the potential structural bottom for this cycle is still around $48,000. At present, Bitcoin's adjusted seller risk ratio entered the red zone for the first time when falling below $60,000, which means the supply in loss has started to exceed the supply in profit and the unrealized pressure on holders has risen significantly. On the other hand, the Cumulative Value Days Destroyed (CVDD) valuation model shows that the structural bottom for Bitcoin in the current cycle is around $48,000. Axel Adler Jr. summarized that, historically, similar zones often correspond to market capitulation phases and the bottom formation process, such as the cyclical lows in 2019 and 2023. However, it remains to be seen whether the price can hold the $60,000 area, while the seller risk ratio smoothed line continues to rise. Although the Bitcoin price has rebounded to around $66,000, the market is still at the bottom of the valuation range, and caution is still needed for the final confirmation process of the cycle bottom.

BlockBeats News, June 17th, according to CNN reporter Bryan Mena, although Powell was unable to single-handedly achieve the interest rate cut requested by Trump, he has made it clear that the Fed will no longer be business as usual. Powell has hired two conservative policy veterans as interim advisors to the Fed. One of them is Paul Winfree, and the other is Daniel Haile. Additionally, Powell has mentioned that there are "a large number of redundant personnel" within the Fed, implying that he may undergo a major reshuffle of the approximately 3,000 Washington-based Fed employees. Powell had initiated a downsizing process last year to align with similar actions at the federal government level. Powell has also suggested that Fed officials consider inflation in a different way, focusing on another inflation measurement indicator, the "trimmed mean." During the April confirmation hearing, Powell stated that these indicators capture "what the underlying inflation rate is, not a one-time price movement due to geopolitical changes or beef price changes." With the new advisors in place, discussions about "institutional reform" are already underway, and Powell's press conference is expected to clearly signal for the first time his intentions on how far he plans to go in reshaping the Fed. (FXStreet)

According to CNN reporter Bryan Mena, Federal Reserve Chair Kevin Walsh has hired Paul Winfree and Daniel Heil as temporary advisors to the Federal Reserve. Federal Reserve Chair Kevin Walsh stated that there is a large amount of redundant staff within the Federal Reserve, and he plans to make adjustments to the 3,000 Federal Reserve employees based in Washington. Federal Reserve Chair Kevin Walsh suggested that Federal Reserve officials focus on the trimmed mean as an inflation gauge.