Bitcoin tops $75,000 on Iran-Pakistan ceasefire talk; ETFs inflows offset miner selling risk

Bitcoin pushed above $75,000 (+1.5% in 24h) after Iran said it will send a delegation to Pakistan for a second round of ceasefire talks. The market is now focused on Wednesday’s ceasefire deadline, with risk also tied to broader geopolitics around the Strait of Hormuz. ETF flows offered support: spot Bitcoin ETFs posted about $996.4M in net inflows last week, while Ethereum-focused ETFs added about $275.8M. However, the derivatives picture remains mixed. Bitcoin perpetual futures funding has been negative for around 46 straight days, pointing to persistent caution among leveraged traders. A key constraint is miner behavior. Public miners reportedly sold ~32,000 BTC in Q1, while difficulty fell 2.43% to 135.59T and hash rate rose to ~992 EH/s—suggesting production economics are still tight. Traders are watching technical levels: a failure to hold Bitcoin above $74,000 could intensify sell pressure, while a move through $76,000 may open upside toward the ~$85,000 area, but sustaining strength likely requires holding above $80,000 and stabilization in miner selling.