Bitcoin experienced high volatility as geopolitical tensions shifted, prompting divergent moves by major investors. Spot Bitcoin ETF inflows surged by over $470 million just before a key deadline, but outflows followed a U.S.-Iran cease-fire announcement. Meanwhile, the Royal Government of Bhutan has sold over 9,000 BTC since late 2024, while large holders added approximately 10,000 BTC in three days.
Bitcoin’s price swung between $68,400 and $72,800 amid evolving U.S.-Iran tensions. Spot Bitcoin ETF data from SoSoValue shows investors added over $470 million on Monday ahead of a deadline. Net outflows of $159.05 million and $124.55 million followed the subsequent cease-fire deal announcement.
The Royal Government of Bhutan continues reducing its holdings, transferring another 319.7 BTC worth approximately $22.68 million. Lookonchain reported the nation’s BTC stash has dropped from 13,000 to about 3,954 BTC since October 2024, representing over $640 million in sales. On the other side, Bitcoin whales have been accumulating.
Analyst Ali Martinez cited Santiment data suggesting large holders bought roughly 10,000 BTC in 72 hours. Their total holdings now stand near 5.17 million BTC. The price surge to $72,800 was partly attributed to reports Iran wanted Bitcoin toll payments for Strait of Hormuz passage.
Popular analyst Jelle noted the first upside liquidity was taken. “Main question is, can it turn the resistance back into support, or are we falling back into the $60ks?” he stated. Bitcoin currently trades around $71,000 as the market assesses its next direction.
