Five-Day Inflow Streak Signals Investor Confidence

Bitcoin ETFs posted five straight days of inflows starting June 9, with over $1.3 billion entering the market. According to Farside Investors, Friday alone saw $301 million in net inflows, signaling robust confidence in Bitcoin despite recent shocks.

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While the cryptocurrency briefly dropped 3% following Israel’s airstrikes on Iran, it bounced back quickly from $103,000 to hover around $105,000 — reflecting market resilience under pressure.

Falling Dollar Boosts Bitcoin’s Outlook

Nic Puckrin of Coin Bureau emphasized the macroeconomic view: “It’s not geopolitics, but the U.S. dollar index (DXY) that truly drives Bitcoin. With DXY falling below 100 — a three-year low — Bitcoin stands to benefit.”

Still, the risk of Iran closing the Strait of Hormuz, through which 20% of the world’s oil flows, could trigger short-term price shocks across risk-on assets like cryptocurrencies.

New Highs on the Horizon?

Despite global uncertainty, Bitcoin is trading just 6% below its all-time high of $112,000, reached on May 22. This resilience has analysts predicting that a breakout could be imminent.

As macroeconomic instability grows and trust in traditional finance weakens, capped-supply assets like Bitcoin are becoming increasingly attractive to both retail and institutional investors.

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