Bitcoin Jumps Above $65K on Trump's Iran Deal Announcement, But $4.8B Flows Out of ETFs

According to Decrypt, on Sunday, Bitcoin jumped above $65,000 after President Trump announced a completed deal with Iran and authorized the opening of the Strait of Hormuz. BTC was trading at $65,860, up 2.2% in 24 hours and 4% over the past week, according to CoinGecko data.

However, skepticism persists among traders. Over $4.8 billion of U.S. capital has exited Bitcoin ETF products since May, reflecting weak institutional demand. Options market data shows the 25-delta skew remains at negative 4% to 5%, indicating investors still favor downside protection. Bitcoin also recorded its 11th-largest downward difficulty adjustment ever, a 10.09% decline at block 953,568, as June's 15% price drop squeezed miner margins.