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After successful ceasefire talks in the Iran war, crypto investments are suddenly surging. The upswing is apparently short-lived. CoinPro explains why pessimists are now betting on a falling Bitcoin price as heavily as they last did a year and a half ago.
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Crypto investments are surging: Why investors are buying the dip now
According to the latest data from CoinShares, crypto investments are currently surging. Last week, crypto investment products saw inflows of $1.1 billion—a significant increase. These are the strongest inflows since January.
Behind the growing investments are US inflation figures that came in better than expected. Signs of rapprochement between the parties in the Iran war are also boosting investor sentiment.
“Digital asset investment products recorded inflows of $1.1 billion—the highest weekly level since early January,” CoinShares writes in an email to CoinPro.
“This likely reflects a recovery in risk appetite, supported by potential ceasefire developments in Iran as well as weaker-than-expected US consumer and inflation data,” it continues.
The rise in sentiment is mainly coming from the US—$1.06 billion (95%) of the inflows came from the United States of America. Similar developments can be seen in Germany, Canada and Switzerland, though on a much smaller scale.
“Germany recorded inflows of $34.6 million, while Canada and Switzerland saw more moderate inflows of $7.8 million and $6.9 million, respectively.”
Most of the money is flowing into the market leader Bitcoin. It took in $871 million. Since the start of the year, Bitcoin investment products have grown by $2 billion.
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Falling Bitcoin price? That’s what pessimists are betting on
CoinShares also notes, however, that pessimists currently hold a significant position in the market. Short Bitcoin investment products rose by $20.2 million week over week. “The highest weekly inflows since November 2024”, CoinShares comments on this development.
Some investors are therefore betting on a falling Bitcoin price. The future of the Iran war is uncertain. The US, Israel and Iran signed a ceasefire agreement last week, which was thrown into serious doubt after Israel continued its offensive in Lebanon.
According to recent statements by Iran’s foreign minister Abbas Araghchi, Iran’s leadership is disappointed with the US government. Iran’s willingness to end the war once and for all was ruthlessly exploited. Araghchi did not share any outlook for the future.
“In the most intensive high-level talks in 47 years, Iran entered negotiations with the US in good faith to end the war. But when we were just inches away from the ‘Islamabad Memorandum’, we encountered maximalism, constantly changing conditions and blockades. No lessons learned. Goodwill breeds goodwill. Hostility breeds hostility,” the foreign minister wrote.
Araghchi did not address Lebanon in the message. Last week, he had still described Israel’s shelling of it as a breach of the agreement to which Iran would respond.
At the time of publication, Bitcoin is trading at around $72,000. Over the past seven days, it has risen by 3.30%. The crypto market is currently being driven by gains.
- Bitcoin
(BTC) - Price $74,146.00
- Market Cap
$1.48 T
