Merkle3s Weekly Snapshot 📊 6/24 1️⃣ Israel-Iran Conflict Eases, BTC Volatility Subsides 🌐 - Conflict between #IsraeliranWar caused substantial market volatility early in the week but was quickly resolved by a ceasefire agreement facilitated by Trump. - $BTC expected to consolidate between $100K–$110K, absorbing remaining selling pressure before potential upward momentum resumes. 2️⃣ Trump Pushes for Fed Rate Cut, Internal Fed Debate Intensifies 📉 - Pressure from Trump intensified, with two Fed officials appointed during his first term publicly supporting a rate cut at the end of July, highlighting growing divisions within the Fed’s decision-making body. 3️⃣ On-Chain Indicators Signal Defensive Market Stance 🛡️ - Daily active #BTC addresses slightly declined; on-chain transaction volumes have not recovered to previous highs, indicating market caution. - Minimal BTC holder address changes over the past 10 days suggest continued confidence from long-term holders. - Dormancy and RHODL metrics show minor short-term activity, but no significant long-term capital outflows. 4️⃣ Robust ETF Inflows Continue 📈 - Bitcoin spot ETFs attracted ~$1.14B net inflows this week, with the largest single-day inflow of $641M on June 17. - Institutional enthusiasm remains strong, marking the second consecutive week of inflows exceeding $1B. 5️⃣ Meme Tokens Gain Spotlight 🔥 - #Gorbagana $GOR: A meme token forked from Solana, inspired by Toly’s humorous “garbage + Solana” community remark, gained rapid attention. - #USLESS #LETSBONK: “Useless is Faith” themed meme token launched by the Bonk team achieved a market cap surpassing $100M, emerging as this week’s meme highlight.