Bitcoin Bullish Trend Persists Despite DeFi Concerns and Geopolitical Tensions

The current market landscape continues to favor a bullish outlook for bitcoin, with a value of $75,943.34, despite recent developments in Iran and DeFi hacks making headlines. U.S.-listed spot ETFs saw significant inflows of $663 million on Friday, totaling $996 million for the week, indicating strong interest from institutional investors. For a substantial price increase to occur, this trend must be sustained. According to Timothy Misir, head of research at BRN, 'consistent ETF inflows signal structural demand, while intermittent flows indicate tactical positioning.' Bitcoin's price has remained steady above $75,000 after reaching highs of over $78,000 on Friday. Similar patterns are observed in other major tokens such as ether, XRP, and Solana. The AAVE token has dropped 1% to $90 due to the KelpDAO hack. The DeFi dominance rate remains at 3%. Alex Kuptsikevich, chief market analyst at FxPro, notes that 'BTC has lagged behind equities in recent days, building potential but not yet realizing it.' Traders are actively building short positions, which could lead to a 'short squeeze' if prices hold steady. The U.S. attack on an Iranian cargo ship has reduced risk appetite, affecting BTC's price. A strong move above the $95.16 level in Solana, backed by increased trading volumes, is necessary to invalidate the bearish outlook. The next major support level is seen at $50.