A newly created wallet, 0xf23c, withdrew 7,000 ETH worth $13.46 million from Binance and immediately locked all the assets via staking. This wallet’s move kicked off a series of capital flows occurring just as global security tensions flared up.
According to data from lookonchain, fresh capital continues to pour into investment products. Bitcoin ETFs recorded a single-day net inflow of 3,443 BTC worth $229.57 million, bringing the seven-day total to 11,030 BTC or $735.38 million. A similar pattern emerged in Ethereum ETFs, which posted a daily net inflow of 19,517 ETH worth $37.71 million, pushing weekly totals past 81,773 ETH valued at $157.99 million.
These buying figures stand in stark contrast to developments in the Middle East. Iran claimed to have struck Amazon data infrastructure in Bahrain using IRGC cruise missiles. Around the same time, the U.S. CENTCOM concluded a series of fresh strikes on Iranian territory, extending the American military campaign into its tenth consecutive night.
What We Don’t Know Yet
The reports of IRGC cruise missiles have left key questions unanswered. Neither Amazon nor Bahraini authorities have confirmed any infrastructure damage as of publication time, leaving the market guessing about the actual scale of physical damage from the exchanges.
Yet that uncertainty has failed to dampen investor risk appetite. Bitcoin gained 2.2% to $66,681, while XRP rose 3.6% to $1.152 during the same window. The price gains, paired with hundreds of millions of dollars in ETF inflows, suggest military missile strikes have not eroded crypto investors’ risk appetite.
Signals Awaiting the Close
From a technical standpoint, price indicators are aligning in the same direction. Bitcoin’s Relative Strength Index (RSI) currently sits at 61.91 - leading above its Moving Average line at 53.05 while still leaving ample room before hitting the overbought threshold of 70. Complementing these figures, the MACD indicator reads positive with a histogram value of 102.37.
While the charts point toward an upward trajectory, the trend still hinges on a key test. Bitcoin needs a decisive close above $67,257 to confirm further bullish continuation. Traders’ patience and discernment will be tested once again around this resistance level.
Reported by @lookonchain on X.
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
