Bitcoin's rebound reveals institutional shift toward macro pricing
Bitcoin surged over 5% after the US and Iran agreed to a two-week ceasefire starting April 8, 2026. The rally was driven by $429 million in short liquidations and $471.3 million in net inflows to US spot Bitcoin ETFs on Monday. This institutional capital is shifting Bitcoin's price movement from retail-driven sentiment toward macro pricing. As a result, Bitcoin's price is now highly sensitive to the Federal Reserve's rate cut path. This path is influenced by oil prices, which plummeted over 15% to $91.3 per barrel following the ceasefire. Oil prices will remain under pressure if the ceasefire is extended after the April 10 Islamabad negotiations.
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