Overview
- Bitcoin moved into the low‑to‑mid $64,000s on Friday following reports of roughly $221 million of net inflows into U.S. spot Bitcoin ETFs and news that Iran had signaled talks with the United States.
- Lower crude prices and softer U.S. Treasury yields helped lift risk appetite and sparked a short squeeze that sent BTC toward the tightly watched $64,700–$65,000 zone.
- On‑chain data show short‑term holders sitting with realized losses at historically high levels while large wallets have added about 10,000 BTC this month, a mix that points to both forced selling risk and buyer accumulation.
- A corporate 8‑K filing confirmed that Strategy sold about $216 million of Bitcoin this week, creating an ongoing supply overhang that traders say could pressure prices if ETF demand fades.
- Traders and analysts say a decisive daily close above $64,700–$65,000 would signal a larger relief rally, while failure at that band or a macro/geopolitical shock could quickly reopen a retest of roughly $60,000.