Bitcoin Bullish Outlook Intact Despite DeFi Concerns and Geopolitical Tensions

The current market trends suggest a positive outlook for bitcoin, with a value of $76,755.74, despite recent developments in Iran and DeFi hacks making headlines. On Friday, U.S.-listed spot ETFs saw an influx of $663 million, the highest since January 15, with total inflows reaching $996 million for the week, indicating strong institutional interest in the cryptocurrency. For a significant price increase to occur, this trend must be sustained. According to Timothy Misir, head of research at BRN, "sustained inflows signal structural demand, while intermittent flows indicate tactical positioning, with consistency being more important than magnitude." Bitcoin is currently trading above $75,000 after reaching highs of over $78,000 on Friday, with prices remaining relatively stable over the past 24 hours. Similar patterns are seen in other major tokens such as ether, XRP, and Solana. However, the AAVE token has dropped 1% to $90 due to the KelpDAO hack. The DeFi dominance rate has remained at around 3%. Alex Kuptsikevich, chief market analyst at FxPro, noted that the pressure on bitcoin is linked to negative reactions in stock markets to news about Iran, which has reduced risk appetite. Meanwhile, traders are building short positions, betting against a breakout, which could lead to a "short squeeze" if prices remain steady. The U.S. attack on an Iranian cargo ship has also impacted the market. In technical analysis, the solana chart shows a key level at $95.16, which has acted as resistance since February. The fact that SOL has not yet climbed back above this level suggests sustained bearish sentiment and potential for deeper losses. A strong move above this level, backed by increased trading volumes, is needed to invalidate the bearish outlook.