Bitcoin surged to approximately $65K following the US-Iran deal announcement
as
major investor Strategy added another $100M, while everyday traders continue selling.
Large investors stepping in as others exit
Major investor Strategy purchased approximately $100M worth over the past 24 hours while blockchain data shows roughly $47M flowing out of exchanges during the same period, even as everyday traders sold approximately 1.3x more than they bought.
Short-term bounce gaining momentum
Bitcoin gained roughly
↗3.9%
over the past 24 hours to reach approximately $65,700, while forced selling hit short-sellers hard with approximately $455M in losses versus just $93M for buyers during the same period.
Recovery underway from monthly lows
Despite trading approximately
↘15%
below month-ago levels, Bitcoin is recovering from investment fund outflows totaling roughly
↘$5.5B
over the past month, with daily inflows turning positive at around
↗$86M
over the past 24 hours.