Bitcoin Shows Signs of Stabilization as Institutions Accumulate and Oil Prices Fall

The crypto market is showing signs of stabilization as several key factors converge to suggest a potential bottom. On-chain exchange outflows reached 6,133 BTC on Friday, indicating institutional accumulation at cycle lows. The addition of 1,550 BTC by Strategy at $65,200 has lifted its total treasury to 845,256 BTC.

The 14-day ETF outflow streak snapped on Thursday, marking the first day of marginal inflows. Spot Bitcoin ETFs lost roughly $4.4 billion across the period, with BlackRock's IBIT and Fidelity's FBTC absorbing the steepest selling pressure.

Falling oil prices tied to the Iran deal progress have eased inflation pressure, improving the macro backdrop for crypto. The anticipated SpaceX IPO is also drawing investor attention toward high-growth assets, potentially channeling incremental buying into Bitcoin at a critical juncture.