Strait of Hormuz Closed, Crypto Falls Hard!

After the US airstrike, Iran closed the Strait of Hormuz, through which about 20% of the world’s oil volume passes, as a reaction to the US airstrike, there is an air of panic in crypto. Bitcoin, which fell after the US airstrike at night, fell below the psychological support of $ 100,000 with the news of the closure of the Strait of Hormuz. In addition, Ethereum fell below the levels of $2,200, XRP $2, Solana $130. After this decline, it is estimated that more than $ 1 billion of liquidity has been experienced in the cryptocurrency markets in the last 24 hours.

According to statements made by the US side, they stated that the ultimate goal of the US is not a change of administration or regime change in Iran, but that their only problem is Iran’s nuclear programs.

On the other hand, US Secretary of State Rubio said: “I encourage China to communicate with Iran on the Strait of Hormuz issue. In another statement, Rubio said: “There are no military operations planned against Iran at this time.

Crypto Market is Blood Red!

Thoughts that the fuses of the 3rd world war are being ignited globally and that the war may start at any moment put the markets in an uneasy situation. The harsh reaction of cryptocurrencies in many previous crises is under pressure due to the new and expected crises in the coming period. We can see that Bitcoin, a digital currency, tends to decline during periods of war cries.

Instantly, the cryptocurrency market market cap levels have dropped from 3.4 trillion dollars to 3 trillion dollars. From the day the Iran-Israel war started until today, we see a market cap decline of approximately $ 400 million in the market. In addition, with a 32% increase in trading volume in the last 24 hours, the 24-hour trading volume was $ 132.27 billion. The CMC Fear and Greed Index was measured at 40%.

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*DOES NOT CONTAIN INVESTMENT ADVICE*

The post Bitcoin Slows Below $100,000 | Breaking News appeared first on Coin Engineer.

Multi-Million Dollar Inflows Highlight Growing Institutional Appetite

According to data from Farside Investors, spot Bitcoin ETFs recorded a net inflow of $142.3 million on May 7. Alex Obchakevich, founder of Obchakevich Research, noted that this sustained inflow reflects continued demand from institutional investors:

“These inflows suggest that asset managers and hedge funds are actively accumulating Bitcoin via regulated products.”

ARK 21Shares’ ETF (ARKB) led the day with $54 million in inflows, followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $39 million, and BlackRock’s iShares Bitcoin Trust (IBIT) with $37 million. On-chain data also revealed that BlackRock acquired 86 BTC—worth roughly $8.4 million—in a single transaction on May 7.

Staying Above $100K: A Signal of Strength?

Momentum carried over to May 8, when Bitcoin ETFs attracted another $117 million in inflows. IBIT led that day with $69 million, followed by FBTC with $35 million and ARKB with $13 million.

Obchakevich also pointed to a rising correlation between Bitcoin and tech stocks, particularly the Nasdaq:

“The BTC-Nasdaq correlation has climbed to 0.75, indicating that broader tech market sentiment is playing a role in Bitcoin’s movement.”

He further explained that this upward trend can be traced back to May 2, when IBIT saw a massive $675 million inflow. Unless disrupted by significant geopolitical or macroeconomic events, this accumulation trend is likely to persist.

Why GBTC Is Moving Differently

While most ETFs showed strong inflows or stable holdings, Grayscale’s Bitcoin Trust (GBTC) has continued to see outflows. Still, Obchakevich doesn’t view this as a threat to the broader bullish narrative:

“The lack of major outflows from other key ETFs suggests that institutional confidence remains intact.”

GBTC’s outflows are being driven by a different set of factors. Its relatively high fee structure (~1.5%) is pushing investors toward lower-cost alternatives. Additionally, Obchakevich attributes the exits to regional tensions and political uncertainty:

“The combination of high fees, political instability, and tensions between countries like Pakistan and India is shaking investor confidence in GBTC specifically.”

Long-Term Outlook: Institutional Support Remains Robust

Consistent capital inflows into spot ETFs point to a strategic, long-term approach by institutional investors. GBTC’s declining interest doesn’t signal weakened demand but rather a shift toward more efficient vehicles in the market.

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