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Bitcoin (BTC) Holds Above $100K Amid Iran-Israel Conflict: Institutional Adoption Signals Market Strength | Flash News Detail | Blockchain.News
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6/24/2025 11:30:56 AM

Bitcoin (BTC) Holds Above $100K Amid Iran-Israel Conflict: Institutional Adoption Signals Market Strength

Bitcoin (BTC) Holds Above $100K Amid Iran-Israel Conflict: Institutional Adoption Signals Market Strength

According to CoinDesk, Bitcoin (BTC) maintained stability above $100,000 despite escalating tensions between Iran and Israel, indicating underlying market resilience. Jeff Anderson of STS Digital highlighted that BTC is evolving into a treasury asset, differing from 2021 dynamics, while QCP Capital cited continued institutional adoption as a key support factor. The widening spread between ether (ETH) and bitcoin implied volatilities offers opportunities for ETH holders to generate yield by selling options, as noted by Anderson. However, LondonCryptoClub warned of potential price pressure from large upcoming altcoin unlocks for tokens like ARB, ZK, and SOL.

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Analysis

Bitcoin maintained resilience above the $100,000 threshold amid escalating Middle East tensions, trading at $106,800 as of Monday morning ET according to CoinDesk data, reflecting a 2.12% gain since Friday's 4 p.m. ET close. This stability occurred despite Iran and Israel exchanging military strikes over the weekend, contrasting sharply with April 2023 when similar geopolitical turmoil triggered an 8% BTC plunge according to QCP Capital's analysis. STS Digital's Asia head Jeff Anderson noted bitcoin's 'encouraging' price action, emphasizing its evolution into a treasury asset that invalidates direct comparisons to 2021 market patterns. Institutional accumulation appears to underpin this strength, with spot BTC ETFs recording $301.7 million in daily net inflows according to Farside Investors, pushing cumulative flows to $45.59 billion. The Volmex 30-day implied volatility index (BVIV) retreated to 42.7% annualized by Monday, reversing Friday's spike to 46.12% and signaling restored market calm. Corporate adoption trends showed divergence: Hong Kong-listed Meme Strategy surged 20% after acquiring 2,440 SOL tokens ($370,000) on June 16, while Nasdaq-traded SharpLink shares plummeted following its ether disclosure according to exchange filings. Traditional markets indicated cautious optimism as S&P 500 futures rose 0.48% early Monday, though credit markets priced in a potential six-level U.S. sovereign downgrade to BBB via CDS spreads according to Barchart.com data. Oil stabilized after Friday's surge, with Brent crude options seeing heavy $80-$100 call buying as Bloomberg reported traders hedged against Strait of Hormuz disruptions. Key macro events loom including May U.S. retail sales data on June 17 (est. -0.7% MoM) and Bank of Japan's rate decision late June 16. The ETH-BTC volatility spread widened significantly on Deribit, making ether options relatively costlier and creating covered call opportunities for holders according to Anderson. Ether traded at $2,612.88, up 4.75% from Friday, with Deribit's near-term put premiums reflecting lingering downside concerns. Altcoins face substantial supply pressure with $31.45 million ARB unlocks (1.91% of supply) on June 16, $39.55 million ZK unlocks (20.91% of supply) on June 17, and $16.81 million FTN unlocks on June 18 according to LondonCryptoClub's token unlock calendar. Daily linear unlocks exceeding $1 million include SOL, WLD, and AVAX, potentially capping gains despite SOL's 7.5% 24-hour surge to $142.94. Brazil's B3 exchange launched USD-settled ether and solana futures on June 16, expanding institutional access. Technically, bitcoin's three-line break chart generated a bullish green brick signal on June 9, suggesting upward momentum remains intact. BTC dominance held at 64.6% while the ETH/BTC ratio climbed 1.70% to 0.02454. On-chain metrics showed robust activity: Bitcoin's seven-day average hashrate reached 928 EH/s with spot hashprice at $53.55, and total daily fees hit $277,146. Derivatives positioning revealed constructive sentiment—Binance's BTC perpetual funding rate held at 0.0055% (6.04% annualized), and CME futures basis stayed in the 5%-10% range. Ether's composite staking rate dipped 22 basis points to 2.87%. Crypto equities mirrored crypto strength: Coinbase (COIN) pre-market rose 2.7% to $249.27, while MicroStrategy (MSTR) gained 1.6% after Metaplanet disclosed accumulating 10,000 BTC according to CoinDesk. Cross-market correlations weakened as S&P 500 fell 1.13% Friday while crypto advanced, though e-mini futures rebounded. The U.S. 10-year Treasury yield movement remained critical for risk assets amid credit downgrade fears. Trading opportunities include volatility arbitrage given BVIV's decline versus Brent crude options' surge, and monitoring altcoin unlock sell pressure against Brazil's new derivatives liquidity.

Cas Abbé

@cas_abbe

Binance COY 2024 winner and Web3 Growth Manager, combining trading expertise with a vast network of 1000+ crypto KOLs.

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