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Analyst: Bitcoin remains in a fragile balance near $75k, with ETF fund inflows hedging against geopolitical risk shocks.

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ME News Report, April 20 (UTC+8), ME News Report, April 20 (UTC+8), despite tensions between the United States and Iran escalating again, causing disruptions to expectations for the Strait of Hormuz and triggering volatility in the oil, stock, and cryptocurrency markets, Bitcoin remained stable around $75,200 on Monday. Analysts pointed out that last week’s net inflow of funds into the US spot Bitcoin ETF reached $996.4 million, the strongest weekly performance since mid-January, indicating institutional demand supporting the market. However, the market remains in a "fragile balance," with the continuous growth of stablecoin balances suggesting that liquidity in the crypto market is mostly rotating internally rather than flowing out. (Source: MLion)
BTC2.78%
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