News: Bitcoin experienced a notable downturn today, falling below $58,000, primarily driven by renewed fears surrounding Mt. Gox creditor distributions and significant outflows from spot Bitcoin ETFs, which recorded $81 million in net outflows. These bearish catalysts appear to have overshadowed positive U.S. CPI data that suggested cooling inflation and solidified expectations for Fed rate cuts. Despite the short-term selling pressure, institutional adoption continues to be a strong underlying theme, with major banks like Morgan Stanley and Goldman Sachs revealing substantial Q2 investments in Bitcoin ETFs, signaling ongoing conviction. Political developments, including potential U.S. strategic Bitcoin reserves and increased engagement from both major parties, also point to a more favorable long-term regulatory landscape.

Market Probabilities: 
Bull 40% | Base 30% | Bear 30%

Recommendations: 
Short-term: HOLD
Long-term: BUY
{"sentiment": "bullish", "price_direction": "up", "impact_strength": "low", "timeframe": "medium_term", "confidence": 0.5, "key_reason": "Regulatory clarity from the SEC regarding Bitcoin scaling solutions like Stacks is crucial for ecosy"}