After a sharp drop last week, the crypto market rebounded over the weekend. The immediate catalyst for this recovery was expectations of easing tensions in the Middle East. As news of ceasefire negotiations between Iran and Israel gained momentum, risk appetite improved, and Bitcoin, Ethereum, and Solana all rebounded from their lows.
Bitcoin has rebounded more than 6% from its low.
The report states that the cryptocurrency market experienced a sharp correction last week. Bitcoin fell by nearly 20% in a single week, the total market capitalization evaporated by more than $400 billion, and the Fear & Greed Index once dropped to 15, the lowest level since February of this year.
Market sentiment improved somewhat over the weekend. US President Trump stated that all parties were seeking a ceasefire as soon as possible. Subsequently, Iran's Islamic Revolutionary Guard Corps announced an immediate halt to military operations against Israel, boosting the market before Monday's opening.
According to Coinglass data, short covering in the crypto market exceeded $454 million in the past 24 hours. Bitcoin's price rebounded above $63,500, recovering more than 6% from Friday's low; SOL and ETH both rose more than 4% during the same period.
Strategy has added another 1,550 Bitcoins to its holdings.
Amid the market rebound, recent purchases by Michael Saylor's Strategy have alleviated some concerns. Reports indicate the company acquired 1,550 new bitcoins, bringing its total holdings to 845,256.
Previously, the market had focused on Strategy's small-scale reduction of its holdings by 32 bitcoins, viewing it as a liquidity test. This move sparked discussions about its portfolio strategy and funding structure, and also exacerbated market volatility last week.
However, with Strategy increasing its holdings again, concerns about Bitcoin-related selling pressure have temporarily eased, and market sentiment has improved accordingly.
Solana ETF recorded a significant weekly outflow.
In terms of funding, the Solana spot ETF underwent pressure last week. According to Sosovalue data, the SOL ETF saw a net outflow of $6.52 million in a single week, marking its worst weekly performance since February 2026 and one of the largest outflows since the product's launch.
Bitcoin ETFs also failed to escape the pressure. Data shows that Bitcoin ETFs saw a net outflow of $325 million last week. The report also mentioned that BlackRock transferred approximately $226 million worth of Bitcoin to Coinbase Prime, drawing some market attention.
However, such transfers are usually related to custody adjustments and do not necessarily mean a sell-off in the spot market. Overall, expectations of easing geopolitical tensions are providing a short-term boost to the market, but ETF fund flows still indicate that institutional sentiment has not fully recovered.
