Bitcoin don pass $64K as money dey rush enter US spot ETF dem and peace for Iran dey near
Bitcoin climb pass $64,000 on Saturday, reach about $64,200 intraday. Di movement don up about 8% from Bitcoin low for June near $59,000 and fit stop four-week losing streak if gains hold into weekly close.
One key driver na inflows into U.S. spot Bitcoin ETFs. Net inflows reach $85.9 million on Friday, the biggest daily figure since May 14. Dis one dey support risk sentiment and reduce chance of sustained spot selling.
Geopolitical optimism join help too. Pakistan Prime Minister talk for X say peace agreement with Iran dey “closer than ever,” finalization expected within 24 hours, then electronic signing and technical-level talks next week. Traders dey often treat de-escalation headlines as short-term positive for liquid assets, including BTC.
Article still note sell-pressure dynamic wey before dey linked to ETF holders. One Standard Chartered analyst talk say ETF investors dey liquidate positions anecdotal to free cash for SpaceX IPO. After IPO launch on Friday, analysts expect say that selling pressure fit ease.
For traders, the combination of Bitcoin ETF inflow momentum and better macro/geopolitical headlines increase odds of continuation—though momentum fit fade if inflows slow or headlines change direction.
Bullish
Dis news dey bullish for BTC for short term. First, Bitcoin price don break above $64,000 plus e dey backed by strong, measurable demand: $85.9M net inflows into U.S. spot Bitcoin ETFs—na di biggest daily amount since May 14. ETF inflows historically mean steadier spot buying, wey fit help BTC maintain higher levels after e drop.
Second, di Pakistan-Iran peace-deal optimism dey act as sentiment tailwind. For past “de-escalation” headlines, crypto often benefit through lower risk premium and better liquidity, especially when BTC dey trade round clear technical levels like $60K+.
Third, di article talk say prior ETF-related selling pressure wey relate to cash needs for SpaceX IPO fit reduce after launch. When one expected source of forced selling fade, momentum traders go likely re-enter, wey go reinforce di uptrend.
However, di bullish case get volatility risk. If ETF inflows slow down or geopolitical headlines worsen, BTC fit retrace quick—especially if market see di peace-deal timeline as uncertain. For longer term, sustained inflows and stable macro backdrop go support trend reversal from di recent four-week losing streak; otherwise, dis fit remain a sentiment-driven rally not a durable cycle shift.