Bitcoin Bounces Back from Lows, But ETF Outflows Persist Amid Global Tensions

Bitcoin's price has shown some resilience by recovering to around $63,000 after plummeting to its lowest point since October 2024 on Friday. Despite this rebound, the cryptocurrency still faces significant challenges, particularly with regards to ETF outflows.

The latest data from SoSoValue indicates that a total of $5.4 billion has left spot Bitcoin ETFs over the past four weeks, with $1.72 billion leaving in a single week – the largest weekly loss since April 2025. This trend is expected to continue unless there is a significant change in market sentiment or institutional investment.

The ongoing Israel-Iran conflict is also having a profound impact on global markets, including crypto. The escalating tensions between the two nations have led to increased military action, which has caused oil prices to rise and added to the overall sense of uncertainty and risk.