Bitcoin Holds Key Support Amid ETF Inflows and Geopolitical Calm

Bitcoin's price has stabilized above a key support level, which has historically acted as both resistance and support.

This development is attributed to two major factors: significant inflows into US-based spot Bitcoin ETFs and a reported pause in military operations between the US and Iran.

The ETF inflows indicate renewed institutional interest in Bitcoin, viewing the recent pullback as a buying opportunity.

Geopolitical tensions have historically been a double-edged sword for Bitcoin, sometimes driving safe-haven buying and other times triggering broad risk-off moves.

However, the current pause appears to be supporting a cautious recovery in risk appetite.