Bitcoin don regain $76K after ceasefire talks; ETF money enter, funding negative, risk say miners go sell
Bitcoin (BTC) don regain di $76,000 area as market dey price say dem fit get ceasefire for Middle East through diplomacy. Iran confirm say e go send delegation go Pakistan for second round of talks, wey reduce "safe-haven" demand and ginger global risk sentiment—help crypto dey trade higher along with equities.
For latest update, BTC rise about 1.8% in 24 hours to ~$76,554 (up ~2.7% for di week). ETH up ~1% to ~$2,331, while XRP (~+1.3%) and BNB (~+2.0%) also gain; SOL add ~1.2% to ~$86.
For BTC traders, setup mixed. Derivatives positioning still bearish: perpetual funding don stay negative for 46 straight days, show say shorts still control sentiment. At same time, spot ETF demand steady—BTC spot ETFs get about $996M net inflow last week, giving durable bid (ETH spot ETFs add ~ $275M).
Key levels from article: if price hold above $76K with better ceasefire progress fit trigger squeeze toward $85K. If talks fail, risk say e fall back below $74K.
Main overhang na supply. Listed miners reportedly sell ~32,000 BTC in Q1—more than 2025 full-year figures—wey pressure miner profitability and fit cap upside if selling continue even as hashrate rise and difficulty adjustments easier.
Neutral
Di tinz na nyuz good for BTC sentiment short-term becos di chance say geopolitical tension go calm don boost overall risk appetite and spot ETF inflows dey give steady demand. But di article still point out some bearish cross-currents we fit limit follow-through: perpetual funding don dey negative for 46 days meaning shorts still dey positioned, we fit make volatility drag on and cause whipsaws. Di supply overhang from heavy miner selling in Q1 (~32,000 BTC) na main reason to remain cautious—if miners continue to distribute coins, upside squeezes fit fade even if BTC hold $76K.
Traders fit treat $76K as di near-term pivot: sustained ETF-supported bids still fit drive a squeeze toward $85K, but if ceasefire talks spoil or selling pressure resume, BTC fit fall back below $74K. For long-term, whether ETF inflows continue (or reverse) and miner net selling go determine if this “risk-on” move go turn into trend or na only bounce.