Bitcoin’s return to positive exchange-traded fund flows is colliding with a deeper contraction in crypto-market liquidity, leaving its recovery vulnerable as oil prices climb and geopolitical tensions disrupt one of the world’s most important energy corridors.
Data from CryptoSlate shows that the recent inflows have helped Bitcoin stabilize near $64,000 after an eight-week investor retreat.
Yet stablecoin reserves continue to fall on major exchanges, limiting the capital available to sustain a breakout above the resistance that has capped the cryptocurrency for months.
That divide has left Bitcoin caught between improving sentiment and a market structure that could expose leveraged traders to a sharper decline if support near $60,000 gives way.
Oil above $90 threatens Bitcoin’s inflation relief
The macroeconomic conditions that helped Bitcoin recover are coming under renewed pressure as fighting between the United States and Iran disrupts shipping through the Strait of Hormuz.
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