$BTC

📉 Price Movements – Decline Amid Market Corrections

The BTC currency saw a preliminary rise near $110,400 before quickly retreating to $105,061, affected by increasing geopolitical tensions following the Israeli strike on Iran.

A strong correction cycle of around 4% was observed, with record losses in leveraged positions exceeding $1.16 billion within 24 hours.

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💡 Background of the Recent Rise

BTC surpassed the $100,000 mark for more than 5 weeks, marking the first sustained period at this level in its history, supported by a weak dollar and inflation control.

Strong increases occurred supported by weaker-than-expected U.S. inflation data, which bolstered expectations for potential interest rate cuts by the Fed, supporting liquidity and stimulating risk assets.

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🏦 Flows and Institutions

Spot Bitcoin ETF funds are experiencing mixed flows, with BlackRock and Fidelity recording positive inflows despite some pressures, bringing total assets to over $132 billion.

A clear transition towards digital assets by pension funds and corporations, driven by support from institutions such as Trump and leaks about a strategic adoption of Bitcoin.