Michael Saylor, speaking at an investor event in Mizuho, said that Bitcoin's price may have reached its lowest point near $60,000 in early February when forced sellers were expelled, as the inflows of exchange-traded fund (ETF) funds are now absorbing the daily supply.

In a separate development, the net size of Bitcoin receivers has reached its highest level since early February—an indication of active buyers returning to the market.

Bitcoin's price rose above $72,000 after the ceasefire announcement, and continued its gains as news of losses spread.
The ceasefire is fragile, and the fee system is still in its infancy. But for the first time since the war began, the conflict itself that pressured Bitcoin is generating direct demand for it, apart from sanctions. It’s a development worth watching.