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BTC reached 106,000 USD, with Bitcoin Spot ETF experiencing net inflows for five consecutive days.
At a time when the conflict between Israel and Iran heated up and global markets were turbulent, Bitcoin ETFs bucked the trend and attracted more than $1.3 billion for five consecutive days, reflecting Bitcoin's safe-haven nature. (Synopsis: Many high-ranking Iranian officials died!) Launch "unlimited" retaliation against Israel, send drone battle groups) (Background supplement: Israeli Prime Minister: We hit the "Iranian nuclear weapons program" bombing of major uranium enrichment facilities, bitcoin dived) Against the backdrop of the rapid escalation of the Israeli-Iranian conflict this week and the general turmoil in risk assets, although bitcoin was affected, it also rebounded quickly, rebounding to $106,000 after one o'clock at noon today, and is now trading at $105,398 before the deadline. U.S. spot Bitcoin ETFs also recorded net inflows of $1.3 billion for five consecutive trading days. (June 13, adding another $301 million in net inflows) BTC Price Movement Bitcoin Spot ETF Fund Trends Geopolitics and Price Resilience On the day of Israel's airstrikes on Iran, Bitcoin fell more than 3% to as low as $102,800, but quickly rebounded. Nic Puckrin, founder of the Coin Bureau, points out that it is the dollar index (DXY) that really dominates prices, not geopolitics. When the dollar weakens, Bitcoin tends to strengthen. However, Puckrin added that if Iran closes the important energy sea channel "Strait of Holmz", short-term safe-haven assets may also fall in tandem, but the long-term still depends on the trend of the dollar and the liquidity environment. Related reports Express» Israeli air strikes on Iran: the country has entered a state of emergency, bitcoin fell below $104,000, crude oil soared... Iran expressed support for the BRICS unified currency, Trump said: dare to de-dollarize to impose 100% tariffs Trump responded to Iran's missile attack: Israel should fight back against "blowing up nuclear facilities first"; The war may be exposed at the point of time "BTC touched $106,000, Bitcoin spot ETF net inflow for five consecutive days" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".