Bitcoin ETFs see $819.7M inflows amid US-Iran ceasefire
Bitcoin ETFs attracted $819.7 million in inflows this week amid a US-Iran ceasefire that has reduced geopolitical tensions and supported risk-on market sentiment. Institutional interest remains strong, with spot Bitcoin ETFs now holding over $102 billion in assets, while market probabilities suggest a near-certain likelihood of Bitcoin staying above $68,000 by May 3. Despite this, the chance of Bitcoin reaching $80,000 in April has dropped sharply to just 0.4%.
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## Market Snapshot Bitcoin price targets market currently shows a 0.4% YES probability for reaching $80,000 in April. This reflects a decline from 55% a week ago. Meanwhile, the Bitcoin price above $68,000 on May 3 market remains at a strong 99.1% YES probability, unchanged from 24 hours ago. ## Key Takeaways – The recent inflows into Bitcoin ETFs suggest strong institutional interest, consistent with a supportive environment for Bitcoin price increases. – The geopolitical de-escalation between the US and Iran appears to have reduced risk premiums, contributing to a “risk-on” sentiment in cryptocurrency markets. – Markets currently imply a higher likelihood of Bitcoin maintaining levels above $68,000, with a 99.1% YES probability for May 3.
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