Against the backdrop of international tensions, Bitcoin prices have undergone significant fluctuations. Recent events have led to a restoration of confidence among investors.
Price Dynamics of Bitcoin
Bitcoin's price dropped to $98,200 following US attacks on Iran, but quickly rebounded, increasing nearly 9% over the past three days due to news of ceasefire talks.
ETF Flows and Institutional Investments
According to Farside Investors, $588.6 million flowed into Bitcoin ETFs on June 24, marking the largest single-day total for June. The majority of the inflows were led by BlackRock with $436.3 million. In contrast, Grayscale experienced outflows of $85.2 million.
Bitcoin Price Forecast
Analysis suggests that Bitcoin may retest the $112,000 level if the current positive momentum continues. A breach of this level could trigger significant upward movement.
Currently, the Bitcoin market shows signs of recovery. Expectations of institutional investments and stable ETF flows may contribute to further price increases.
