‘Serious talks with new regime’: Bitcoin gains on Trump’s Iran comments as analysts warn of geopolitical risk and ETF outflows
Bitcoin briefly rose following Trump's comments on Iran talks, despite warnings about geopolitical risk and recent ETF outflows.Summary
Bitcoin opened the week near $66,000, showing weakness before gaining modestly after former President Donald Trump posted on Truth Social about being in "serious discussions" with a "new Iranian regime." This news lifted risk sentiment, pushing BTC toward $68,000 and ETH over $2,050.
However, analysts caution that upside momentum is limited due to lingering geopolitical risks, particularly concerning Iran and the Strait of Hormuz, and upcoming U.S. economic data. QCP Capital noted that price action is drifting lower into weekends, suggesting fragile sentiment.
Furthermore, institutional capital recently retreated, with Bitcoin spot ETFs recording $296 million in net outflows the previous week—the first negative week in a month—shifting the burden for price support back onto spot demand and short-covering, according to BRN research. Analysts suggest rallies may fade unless a clear geopolitical off-ramp emerges.
(Source：The Block)