Bitfinex Blog/
Bitcoin Range-Bound at $78,000 on ceasefire
Bitcoin is trading above $78,000, supported by record whale accumulation and positive ETF flows, despite geopolitical tensions in the Strait of Hormuz and significant DeFi exploits including a $292 million KelpDAO breach.
medium impactbullishBTC
Why It Matters
The market is exhibiting a structural 'dollar-recycling' trade characterized by high institutional demand and low exchange reserves, while Bitcoin is increasingly acting as a geopolitical hedge.