Institutions and whales supported BTC amid Mideast risks, analysts say

Bitcoin's price stability amid geopolitical tensions is thanks to buying pressure from institutional investors and whales, according to market analysts. Paul Howard, senior director at trading and liquidity provider Wincent, said the buying was led by over-the-counter (OTC) traders and MicroStrategy (MSTR), who anticipate an early end to the conflict with Iran. He added that this movement could signal a recovery in confidence for risk assets and noted growing interest in a carry trade strategy involving shorting MSTR stock while buying Bitcoin ETFs. Separately, Vikram Subburaj, CEO of Indian exchange Giottus, explained that spot BTC ETFs have recorded $1.7 billion in net inflows since late February, reversing a four-month trend of net outflows. He also pointed out that whale wallets holding over 1,000 BTC have been accumulating during the recent correction.