Trump Postpones Iran Strike; Bitcoin Gains as Markets Reprice Geopolitical Risk

A Bitfinex research note said markets moved quickly after Donald Trump announced a five-day delay to a planned strike on Iran's power infrastructure and described U.S.-Iran talks as "very smooth and constructive." Bitcoin held around its early-month opening level of $67,035, but again met resistance near the lower edge of the "vacuum zone" spanning $72,000 to $82,000. ETF flows underscored the market's sensitivity to the headline shift. On March 23, the day the U.S. paused its actions, net inflows totaled $167.2 million. BlackRock's IBIT accounted for $160.8 million, the largest single-day intake since March 17, and it snapped a three-day streak of net outflows that followed the FOMC meeting. Analysts said the next two to three days of fund flows will be key in judging whether the move is simply a short-term "relief trade" or the start of a new accumulation phase. Sustained daily ETF inflows above $100 million could help reestablish support within the vacuum zone; a deeper pullback would raise the odds of Bitcoin sliding back into its prior consolidation range.