Bitcoin remains firmly on the operational radar, set to close its second consecutive week of gains, despite trading within a relatively tight range.
The leading cryptocurrency has demonstrated resilience amidst recent volatility, reflecting significant institutional support that has boosted its short-term performance.
Institutional interest has clearly manifested in Bitcoin-related ETFs. Recent data shows these instruments recorded inflows of USD 165.7 million yesterday, bringing the weekly total to USD 661.2 million.
This positive flow signals confidence from major investors who view Bitcoin as a strategic opportunity amid global uncertainty.
However, market expectations were shaken following Donald Trump’s speech, which disappointed investors who anticipated significant announcements regarding cryptocurrency-related policies.
Instead of delivering concrete proposals, Trump focused his address on political attacks, creating additional uncertainty and triggering a wave of liquidations in long positions. These liquidations significantly outpaced short positions, causing temporary downward pressure on Bitcoin’s price.
This scenario highlights the market’s sensitivity to political statements and uncertainty regarding potential economic implications. Doubts surrounding Trump’s policies could diminish the appetite for risk assets, including cryptocurrencies, in an environment where unexpected changes can trigger substantial market movements.
In conclusion, although Bitcoin is experiencing institutional traction that supports a positive outlook, political and macroeconomic factors may continue to generate short-term volatility.
