$BTC second to the report on COINTELEGRAPH which informs:
Bitcoin ETFs register a sequence of 5 days of inflows amid geopolitical tensions
Bitcoin remained strong around $105,000, despite recent geopolitical and economic shocks, suggesting a sign of strength and confidence from investors.
The Bitcoin exchange-traded funds
BTC
R$ 585.580
recorded five consecutive days of capital inflows, despite the recent geopolitical turmoil caused by the conflict between Israel and Iran.
According to data from Farside Investors, the sequence began on June 9, with inflows exceeding $386 million and continued until Friday, with an additional $301 million in contributions. In total, more than $1.3 billion in capital has been directed to Bitcoin ETFs in the last five days.
The price of Bitcoin showed resilience after the Israeli airstrikes on Iran, falling about 3% in response to the news. The founder of Coin Bureau, Nic Puckrin, said:
"In the long run, what matters most for Bitcoin is not geopolitics, but the US dollar index (DXY), and the DXY just broke below 100, its lowest level in over three years. It is clear that the USD only has one direction, and Bitcoin usually follows the opposite direction."
Despite this, the analyst warned that risk assets could suffer a significant price drop in the short term if Iran decides to close the Strait of Hormuz, a narrow passage through which 20% of the global oil supply transits.
