Overview
- U.S. military strikes on Iranian targets and a separate U.S.-China political confrontation triggered a broad move into safer assets that pushed Bitcoin under $63,000 to roughly $62,800 on Friday.
- The regional escalation lifted oil toward $79–$80 a barrel and drove the U.S. dollar higher, reinforcing investor concerns about inflation and interest-rate paths that weigh on risk assets including crypto.
- Spot Bitcoin ETFs have shown renewed but fragile inflows this month, with reports of about $510 million added over three sessions that reversed an earlier multi‑week outflow streak.
- On-chain metrics and research from firms such as ARK Invest and Nansen show long-term holders accumulating and signs of exhausted selling, but analysts warn macro shocks and leverage could still force deeper selling.
- Traders are watching near-term support in the $62,000–$63,000 band and the $60,000–$61,500 area plus upcoming macro events, including the late‑July Fed meeting, to determine if institutional demand can stabilize prices.