- Bitcoin is recovering above $107K amid escalating Israel-Iran tensions, with markets oddly pricing in a potential peace deal.
- Institutional demand is strong: Metaplanet added 1,112 BTC, and U.S. spot ETFs saw $1.37B in inflows last week.
- BTC faces resistance at $108K; rejection could send it toward $102K, but a breakout may lead to a retest of the $111K all-time high.
Bitcoin is showing a modest recovery during Monday’s European session, climbing above $107,000 after a dip last week. The bounce comes even as the Israel-Iran conflict drags into its fourth day, with fresh airstrikes and retaliatory attacks over the weekend. Despite the ongoing instability, BTC has shown resilience — a sign that institutional players remain active, especially with Metaplanet adding another 1,112 BTC and spot ETFs pulling in $1.37 billion last week.
Markets Betting on De-Escalation?
According to The Kobeissi Letter, despite the dire headlines, the broader market seems to believe a peace deal could be in play. Equities are up, oil is rising, and safe-haven assets like gold are down — typically not the case during full-blown war. Bitcoin has joined that risk-on rally, though the analyst warns the optimism might be misplaced. Any serious escalation would likely reverse the current trend and send BTC tumbling again.
Institutions Keep Stacking Bitcoin
Institutional demand for Bitcoin hasn’t cooled down. Japan-based Metaplanet, which has been aggressively accumulating BTC, now holds 10,000 coins after its latest $117 million purchase. Meanwhile, U.S. spot Bitcoin ETFs saw their strongest week since launch, with $1.37 billion in net inflows, a major reversal from the previous week’s outflows. This influx of institutional capital offers some support to the recent BTC recovery.
Bullish Trap or Breakout Ahead?
Technically, Bitcoin is pushing toward a resistance zone at $108,064 — the Fair Value Gap left from last week’s drop. A rejection here could signal more downside, potentially pulling BTC back toward the $102,943 support, or even a retest of the psychological $100K level. Indicators are mixed: the RSI is neutral at 50, and the MACD just printed a bearish crossover. However, a daily close above $108,064 could open the door to retesting the all-time high of $111,980 set back in May.
