The Bitcoin market has followed a volatile trend in recent days. The price retreated to around $81,000 after testing the $82,000 level. Geopolitical risks remain high. US President Donald Trump responded negatively to Iran’s latest counteroffer. Iranian state media announced that Tehran’s demands include war reparations, sovereignty over the Strait of Hormuz and the end of US sanctions.
Global Impacts and Demand for Bitcoin
Market analysis pointed out that multiple factors were effective in Bitcoin’s rapid recovery. New inflows into spot Bitcoin ETF products, increased institutional buying, large investors increasing their positions, and the expectation of greater regulatory clarity on the digital asset market in the US contributed to these developments. According to CoinShares data, there was a total inflow of $857.9 million into digital asset investment products last week. Of this, $706.1 million went to Bitcoin, bringing the total inflow since the beginning of the year to $4.9 billion.
Spot Bitcoin ETFs have recorded consecutive positive inflows for the past six weeks, with net inflows of $623 million. This chart shows that institutional investors’ interest in Bitcoin continues. However, it was observed that short-term investors sold at levels of 80 thousand dollars to take profits.
The interest in spot Bitcoin ETFs reveals that new fund inflows have continued for six consecutive weeks, and the market is affected by the movement of both short-term and long-term investors.
While the two-day exit series indicates that fast-moving investors in a part of the market have reduced their positions, it is stated that medium and long-term plays still remain strong.
Interest in Ethereum, Solana and XRP
The interest of institutional investors was not limited to Bitcoin. There were $70.49 million inflows into Ethereum ETFs last week. In particular, ETHA, BlackRock’s Ethereum ETF, experienced a net inflow of $100 million. This shows that demand for Ethereum is largely concentrated in a few main products.
Solana and XRP also attracted the attention of investors. While a net inflow of $39.23 million was detected in spot Solana ETFs, there was a capital inflow of $34.21 million in spot XRP ETFs. In this period when risk appetite increased, it was observed that investors turned to cryptocurrencies with high volatility other than Bitcoin.
Technical Outlook and Key Indicators
On-chain data also points to an improvement in the market. Bitcoin’s adjusted spent output profit ratio (SOPR) has remained above 1.0 for nine consecutive days since May 1. This indicator reveals that investors are making profitable sales on the chain on average. This trend over the last nine days was evaluated as the strongest profitability sequence seen since the October-November 2025 period.
Analyst CW stated that a new early bull signal was also given in the Bitcoin bull-bear cycle indicator. This type of sign was last seen in early 2023. CW added that in previous cycles, these signals did not always lead to a sharp rise, but in the current situation, the amount of Bitcoin in the hands of large investors is close to the peak.
Developments in the regulatory field also increased hopes in the market. The Digital Asset Market Clarity Act, which will create a legal framework for the digital asset market in the USA, is expected to be discussed in the Senate Banking Committee this week. The bill would clarify federal regulations regarding cryptocurrencies, while splitting oversight duties between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission. Market participants think that this regulation may encourage institutional investors.
Along with the US inflation, producer price and retail sales data and OPEC’s monthly report, which will be announced in the coming days, the meeting between Trump and Chinese President Xi Jinping in Beijing also stands out as the focus of the markets. It was reported that this meeting will also be related to trade, national security, rare earth elements and the Middle East. Analysts emphasized that the Russia-Ukraine war is nearing an end and Bitcoin is preparing to rise in this atmosphere.
In technical analysis, it is stated that Bitcoin found strong support between $ 79,100 and $ 80,600. The main resistance lies at $86,500. If this band is exceeded, a movement towards the 90 thousand dollar level is expected. However, if the support is lost, it is predicted that the price may drop again to the $ 73,400 level.
