Bitcoin dropped below $98,500 after US strikes but quickly recovered above $101,000, showing strong buying interest.
Arthur Hayes believes the Bitcoin dip is short-term and expects a rebound as central banks increase money printing.
ETF inflows and strong long-term holder activity signal continued support for Bitcoin despite global market tensions.
BitMEX founder Arthur Hayes believes Bitcoin’s recent dip is temporary. The cryptocurrency dropped below $98,500 following U.S. airstrikes on Iranian nuclear sites over the weekend.
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The sharp fall marked the lowest point in over six weeks. However, Bitcoin quickly recovered and traded above $101,000 during early Monday sessions in Asia.
Analysts Monitor Geopolitical Risk and Price Support Levels
The market remains alert as tensions between the U.S., Iran, and Israel raise broader concerns. Traders are focusing on oil prices, macroeconomic trends, and technical support zones.
Analysts note that Bitcoin has rebounded from its short-term realized price of $98,000. It remains above the $102,000 trend support, signaling possible strength unless further escalations occur.
Consolidation Continues but Institutional Demand Persists
Despite repeated failures to cross the $110,000 resistance in recent weeks, institutional interest has not declined. Market observers confirm strong structural demand from investors.
They highlight Bitcoin’s ability to recover quickly as a sign of underlying support. Analysts suggest the market could remain in a consolidation phase through summer if no clear catalysts arise.
ETF Performance and On-Chain Trends Show Strong Support
Experts tracking ETFs report continued inflows into spot Bitcoin and Ethereum products. Bitcoin ETFs have outpaced gold and the S&P 500 this year. Ethereum funds recorded inflows during 25 of the last 30 trading days. Analysts view this trend as evidence of growing confidence in digital assets.
On-chain data further supports the positive outlook. Reports indicate that long-term holders continue to accumulate and avoid selling. Historically, these patterns have appeared ahead of major upward price movements. Traders view this as a sign that the recent volatility may not affect Bitcoin’s long-term trend.
Altcoin Momentum Builds as Bitcoin Holds Ground
As Bitcoin stabilizes, altcoins are showing signs of renewed strength. Analysts suggest these assets may outperform if global conditions calm and crypto-specific triggers emerge. While risk sentiment remains fragile, market watchers continue to assess technical signals. The next move may depend on how long Bitcoin holds key support and whether broader macro conditions improve.
