Market dynamics continue to paint a bullish picture for Bitcoin While Iran-related developments and DeFi hacks dominate the headlines.
U.S.-listed spot ETFs attracted $663 million on Friday, the highest level since January 15. Total inflows reached $996 million last week, up from $786 million the week before, according to data source SoSoValue. This shows strong institutional interest in the largest cryptocurrency.
For meaningful price increases to occur, this trend needs to continue.
“ETF flow conditions provide a secondary reading: sustained inflows indicate structural need, while intermittent flows indicate tactical positioning, where consistency is more important than size,” Timothy Misir, BRN’s director of research, said in an email.
Bitcoin is currently trading just above $75,000 after hitting a high above $78,000 on Friday, according to CoinDesk data. Prices have remained largely stable over the past 24 hours. Similar patterns are evident in Ethereum (ETH), XRP (XRP), Solana (SOL), and other major coins.
DeFi platform Aave’s AAVE token has fallen 1% to $90 as the protocol faces collateral damage from the weekend’s KelpDAO hack. The DeFi dominance rate, which measures the share of DeFi tokens in total cryptocurrency market capitalization, has remained stable at around 3%.
Alex Kuptsikevich, chief market analyst at FxPro, said in an email: “The pressure on major cryptocurrencies is related to the stock market’s negative reaction to news about Iran, which reduced risk appetite. Bitcoin has significantly underperformed the stock market in recent days and is building potential, but it has not yet been realized.”
According to the latest reports, the United States attacked and seized an Iranian cargo ship trying to bypass Iranian port restrictions.
Meanwhile, traders are actively building short positions, betting on a breakout. If prices remain stable, this could intensify a “short squeeze,” forcing traders to cover bearish bets and potentially pushing spot prices higher. Stay alert!
Read more: For analysis of today’s altcoin and derivatives activity, see Today’s Cryptocurrency Market. For a complete list of this week’s events, see CoinDesk’s “Crypto Week Ahead.”
what is trend
today’s signal
The chart shows the weekly price fluctuations for Solana (SOL), with each candle showing a full week’s trading activity including the open, close, high and low.
One level in particular stands out: $95.16, the April low.
SOL has remained below that level for 11 consecutive weeks since falling below it in early February. In technical analysis, a level that previously served as “support” (a price floor where buying interest tends to occur) often becomes “resistance” once it is broken. This means that traders who previously bought near this level may now look to sell if the price moves back towards that level, limiting upward momentum.
The fact that SOL has yet to recover suggests continued bearish sentiment and the possibility of further losses. The next major support level lies directly at $50.
A strong break above this level, supported by a surge in trading volume, would be needed to invalidate the bearish outlook.
