Bitcoin Bull Run Gains Momentum with Nearly $1 Billion in ETF Inflows

Despite concerns over DeFi security and geopolitical tensions, bitcoin's market trends suggest a continued bull run, with the cryptocurrency trading above $75,000. Last week, U.S.-listed spot ETFs saw significant inflows of $996 million, indicating strong institutional interest. Experts emphasize that sustained inflows are crucial for a meaningful price rally. Meanwhile, the DeFi sector is dealing with the aftermath of the KelpDAO hack, which has affected Aave's token price. The current market sentiment is cautious, with traders building short positions and waiting for a potential breakout. The price of bitcoin has held steady over the past 24 hours, with similar patterns observed in other major tokens such as ether and Solana. Analysts note that the pressure on bitcoin is linked to negative reactions in stock markets to news about Iran, which has reduced risk appetite. However, this could also build potential for a future price increase. In the altcoin market, Solana's price has remained below a key level of $95.16 for 11 consecutive weeks, indicating sustained bearish sentiment and potential for deeper losses.