Wintermute: Bitcoin Holds $62,000 Amid Geopolitical Shock, ETFs Record First Net Inflow After Eight Weeks of Outflows
Amid geopolitical risks such as US airstrikes on Iran and the closure of the Strait of Hormuz, Bitcoin performed steadily overall, holding the key $62,000 level, indicating that market selling pressure has eased. Last week, Bitcoin and Ethereum-related products recorded a combined net inflow of approximately $282 million, ending eight consecutive weeks of capital outflows. However, institutions believe this is more like a preliminary turning point signal and is not yet sufficient to confirm a trend reversal.
