Crypto Briefing: Bitcoin Recovers Above 95 Million Won as Middle East Risks Ease and ETF Inflows Continue

Bitcoin recovered above 95.24 million won, driven by eased Middle East geopolitical tensions and sustained inflows into Bitcoin ETFs, though market sentiment remains in the 'fear' zone with further gains dependent on U.S. monetary policy and Middle East dynamics. At 8:30 AM KST on the 27th, Bitcoin traded at 95.24 million won on Bithumb, recovering the 65,000-dollar level globally. Altcoins also rose, with Ethereum climbing above 1,900 dollars, Solana and XRP gaining 2-3% and 1%, respectively. Market participants note persistent ETF inflows, with 232 million dollars entering Bitcoin ETFs on June 21 alone. Eased Middle East risks bolstered risk-on sentiment, as U.S.-Iran military tensions eased and oil prices stabilized. However, volatility risks persist due to ongoing Fed rate hike speculation and potential Middle East flare-ups. The Kimchi Premium fell 0.66%, indicating lower domestic Bitcoin prices compared to global markets. The Fear & Greed Index remained at 26, in the 'fear' zone, suggesting investor sentiment has not fully rebounded, with ETF flows and macroeconomic factors likely to dominate near-term market focus.