The ceasefire changed market conditions after weeks of pressure from US-Iran tensions, which affected liquidity and weakened the price structure. As risk decreased, capital began to return, focusing first on the most liquid assets.
Bitcoin recovered towards $72,800 with daily volume of over $33 billion. Ethereum returned to the $2,200-$2,250 range with volume above $14 billion, signaling renewed participation.
This step is important because it reflects how capital is coming back in. Rather than spreading across the market, it focuses on core assets where liquidity and depth remain strongest.
At the same time, this concentration increases the US Strategic Crypto Reserve as BTC and ETH drive up its valuation.
However, recovery remained selective. Strong flows into key assets signaled a recovery, although broader expansion still required sustained conviction.
Why is the crypto reserve rising now?
As capital returns to reserve-matched assets, the nature of volume becomes the next signal that determines the direction of the market.
Bitcoin [BTC] traded around $72,800, boosting the US Strategic Bitcoin Reservewhich held approximately 328,372 BTC as its appreciation recovered with the price.
The price recovery gained momentum thanks to continued capital inflows.
According to Data on the other sideSpot Bitcoin ETFs trade $240.4 million in one day, bringing weekly totals to $816.9 million and cumulative flows above $56.7 billion, indicating continued institutional participation.
Meanwhile, derivatives were tailored to spot demand. Open interest [OI] rose steadily, while purchasing pressure from customers remained dominant.
This persistence showed that demand continued, reinforcing a rebuilding phase rather than a short-term recovery.
Who directs the purchase?
As the market recovered, the Coinbase Premium Index provided a clearer view of demand.
After weeks of negative figures below -0.15, the index turned towards +0.04, signaling renewed US buying. That shift mirrored that of Ethereum [ETH] Premium Index, which also turned positive as macroeconomic pressures subsided.
Both premiums stabilized above zero, indicating that buyers were consistently taking action rather than reacting to dips. This behavior indicated institutional participation, where accumulation builds gradually.
Yet the signal remained conditional. If the premium remains positive, prices could be higher. If it fades, there is a risk that the move becomes a short-term positioning.
Final summary
- Bitcoin [BTC] and ether [ETH] leading the recovery as capital returns post-ceasefire, increasing reserve values while concentrating flows in high-liquidity assets over broader market exposure.
- Bitcoin and Ethereum are showing continued institutional demand via ETF inflows and positive premiums, although continuation depends on continued inflows following the initial macro-driven recovery.