- Bitcoin remains strong above $105,000 despite recent geopolitical tensions, with institutional interest and ETF inflows signaling bullish momentum.
- Ethereum is gaining traction as spot ETFs record massive inflows, supporting a potential breakout toward the $3,000 level.
Bitcoin Resilience Amid Geopolitical Uncertainty and Institutional Buying
Bitcoin continues to demonstrate resilience in the face of global turmoil, holding firm above the $105,000 mark as of Friday afternoon. Despite dipping to $103,000 earlier this week following renewed geopolitical tensions between Israel and Iran, BTC recovered to trade around $105,350—a modest 2.2% daily decline.
Technical analysts highlight critical support levels at $100,000 and $107,000, with resistance zones looming near $110,000 to $112,000. A strong breakout above this range could propel Bitcoin toward a fresh short-term high near $120,000. Meanwhile, institutional sentiment remains robust. Although spot Bitcoin ETFs saw $132 million in outflows, BlackRock’s IBIT stood out with $81 million in inflows, signaling that big players are still bullish.
On-chain metrics further strengthen the bullish case. Bitcoin exchange reserves continue to decline, and stablecoin inflows to major platforms like Binance indicate that investors are preparing for potential upside. Macroeconomic tailwinds—such as a weakening U.S. dollar and inflation fears—are bolstering Bitcoin’s narrative as a hedge and reserve asset.
Long-term projections remain highly optimistic, with Bitwise valuing BTC at $230,000 and Skybridge Capital’s Anthony Scaramucci eyeing $200,000 by year-end.
Ethereum Attracts Massive ETF Inflows, Eyes Breakout Toward $3,000
Ethereum (ETH) is quietly building momentum as well, trading at $2,532 with minimal daily fluctuation. The real story, however, is in the inflows. On June 11, U.S. spot Ethereum ETFs posted their strongest daily performance in four months, raking in over $240 million. June’s cumulative inflows now total nearly $700 million—surpassing May’s figures and reinforcing institutional interest in ETH.
Technically, Ethereum recently broke out of a descending wedge, flipping $2,700 into short-term support. Resistance lies at the $2,780–$2,800 level, and a decisive move above this range could trigger a rally toward $3,000.
Further bullish signals come from on-chain data, with 140,000 ETH withdrawn from exchanges in a single day—suggesting long-term accumulation. The DeFi ecosystem and Ethereum’s broader role in tokenization and real-world assets are also contributing to sustained investor enthusiasm.
Both Bitcoin and Ethereum are weathering macro and geopolitical headwinds with surprising strength. As institutional demand grows and ETF activity surges, these digital assets appear poised for continued upward movement—potentially setting the stage for a new phase in the crypto bull cycle.
