- BTC rises to 82k, a 3-month high
- Hope of a US-Iran deal lift risk sentiment, pulling oil & treasury yields lower
- US tech earnings help stocks to record highs
- BTC ETFs record $1.6 billion in net inflows in May
- Strategy warns of potential BTC sales
is extending gains, rising to $82,000 as improving risk sentiment, strong tech earnings, and continued institutional demand support the rally. However, Strategy (NASDAQ:) flagging potentially BTC sales to meet corporate obligations could limit upside momentum.
BTC is up 1.7% over the past 24 hours and nearly 6% over the last seven days. Major altcoins are also advancing, with up 1.6%, rising 3.7%, and gaining 5%.
Markets Price in De-Escalation
The move higher reflects a broader risk-on rally across global financial markets.
US equities have rallied strongly, with the and the tech-heavy trading at fresh record highs.
Sentiment improved after President Trump said the US Navy would pause operations aiding vessels through the Strait of Hormuz. He also stated that Washington and Tehran were making “good progress” towards a framework agreement that could eventually end the conflict and restart broader nuclear negotiations, although no formal deal has yet been reached.
Markets are increasingly pricing in a de-escalation scenario. has fallen by more than 9% to below $100 per barrel, while government bond yields are declining. The has fallen 9bps to 4.34%, and the has weakened to its lowest level since February.
This combination of lower oil prices, easing yields, and a softer dollar is helping to loosen financial conditions — a supportive backdrop for risk assets, including crypto.
Tech Strength Continues to Support Bitcoin
Strong US technology earnings are also reinforcing risk appetite.
Advanced Micro Devices (NASDAQ:) surged 18% after reporting impressive earnings and guidance, driven by strong AI-driven demand, adding to optimism around the sector.
Bitcoin continues to trade closely alongside equities, particularly technology stocks. Its 30-day correlation with the Nasdaq 100 is 0.84 — down slightly from 0.94 two weeks ago, but still sharply higher than the negative correlation seen in March.
As long as US equities continue to push higher, the broader macro backdrop remains supportive for BTC.
ETF Demand Remains a Key Driver
Spot Bitcoin ETFs have recorded roughly $1 billion in net inflows since Bitcoin reclaimed the $80K level. According to SoSoValue data, BTC ETFs recorded an additional $467.3 million in inflows on Tuesday.
This brings total ETF inflows for May to approximately $1.63 billion, highlighting strong demand as BTC rises. Persistent ETF inflows remain important because they absorb market supply and could lift BTC higher.
Strategy Sale Concerns Emerge
The strong recovery in Bitcoin has come despite signs that Strategy may be softening its long-standing “never sell Bitcoin” stance.
The company yesterday indicated that potential BTC sales could be considered to meet corporate obligations — a notable shift in messaging from Bitcoin’s largest corporate holder.
CEO Michael Saylor insisted the impact of sales would be limited, and the firm planned to buy back more BTC than it sold. However, this is still a potential headwind, particularly given Strategy’s outsized role in corporate Bitcoin demand.
BTC Technical Analysis
BTC is attempting to break out of the rising channel within which it has traded in since early February. The price trades around a 3-month high of 82k. BTC has pushed above the falling trendline dating back to the October 126 high, and the 50 SMA has crossed above the 100 SMA in a light-touch golden cross signal, keeping buyers hopeful of further upside.
Bulls will look to close above the upper band of the channel to expose the 200 SMA at 83.3k. Above here, buyers could gain traction towards 85K, the 38.2% Fib retracement of the 126k high and 60k low, ahead of 94k, the 50% Fib level.
On the downside, support can be found at 76k, the 23.6% Fib retracement and the mid-point of the rising channel. Below here, the 50 SMA comes into play at 73K, ahead of the lower band of the rising channel at 71k.
Disclaimer: The content provided here is for informational purposes only and is not intended as personal investment advice and does not constitute a solicitation or invitation to engage in any financial transactions, investments, or related activities. Past performance is not a reliable indicator of future results. The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money. The Company does not accept clients from the Restricted Jurisdictions as indicated on its website / T&Cs. Some services or products may not be available in your jurisdiction. The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.