- Bitcoin rebounds 9% in 3 days after Middle East ceasefire talks ease investor fears, recovering from a $98.2K dip.
- U.S. spot Bitcoin ETFs saw a $588M inflow on June 24, the highest single-day total this month, led by BlackRock and Fidelity.
- ProCap BTC, LLC buys $386M in BTC, joining MicroStrategy and others in expanding corporate BTC treasury holdings.
Bitcoin has witnessed a volatile but ultimately bullish price swing over the past few days, largely shaped by developments in the Middle East and strong institutional demand through spot ETFs.
Following reports of U.S. military strikes on Iranian targets, BTC plunged to an intraday low of $98,200, reflecting heightened market anxiety. However, optimism returned quickly after reports of ceasefire negotiations surfaced, triggering a strong recovery.
BTC has since rebounded nearly 9% in just three days and is now hovering close to its previous all-time high of $112,000. This recovery not only underscores Bitcoin’s resilience to geopolitical shocks but also highlights the growing influence of institutional flows.
The latest report published Tuesday by K33 Research emphasized that the 30-day correlation between ETF flows and BTC returns holds a robust R² value of 0.80. This data confirms that U.S. spot Bitcoin ETFs are now one of the most dominant forces driving market momentum.
Bitcoin ETFs See $588M Inflows in One Day
Backing up that thesis is a record-breaking inflow streak. On June 24, spot Bitcoin ETFs in the U.S. recorded $588.6 million in net inflows, the highest single-day total in June. That day marked the 11th consecutive session of net-positive ETF activity, the longest run since December 2024.
According to Farside Investors, BlackRock’s iShares Bitcoin Trust (IBIT) led the charge with $436.3 million in new capital, followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC), which added $217.6 million. Bitwise and VanEck also saw smaller, but still notable, contributions. However, the trend wasn’t uniform across all ETF products. Grayscale’s GBTC experienced $85.2 million in outflows, continuing its struggle to retain assets amid increasing competition.
Institutional interest is showing up outside of ETFs as well. This week, Anthony Pompliano’s ProCap BTC, LLC revealed a $386 million BTC acquisition, adding to a growing list of public and private entities, such as MicroStrategy, Metaplanet, and The Blockchain Group, that are reinforcing their treasuries with BTC holdings.
Also Read: Best Crypto to Buy Now: Bitcoin Reclaims $105K as Trump Secures Ceasefire
Bitcoin ETFs Stay Strong as Ethereum Flows Vary
The Ethereum ETF landscape told a slightly more mixed story. While VanEck’s EFUT added $98 million, Grayscale’s ETHE saw outflows of $26.7 million. Combined, Ether-based ETFs brought in $71.3 million in total.
Technically, Bitcoin’s Q2 performance has been impressive. After rallying from $75,000 in early April to a new high of $112,000 by May 22, a gain of nearly 49%, the asset entered a consolidation phase through most of June. Analysts now suggest that this sideways range may have formed a bullish flag pattern. The recent bounce from the lower end of this range toward the upper resistance band adds weight to this interpretation.
Should BTC decisively break above this flag’s resistance zone, analysts believe a retest of the $112K level is imminent. A clean breakout above that could ignite the next leg of the bull run, fueled by ongoing institutional adoption and favorable macro sentiment.
With geopolitical tensions showing signs of easing and ETF demand holding strong, the BTC market appears primed for a potentially explosive Q3.
Also Read | Why Bitcoin’s 94.5% Profit Could Signal Market Changes
