Bitcoin (BTC) Price: Iran Peace Deal and a $100M Strategy Buy Push BTC Back Above $66K

TLDR

• Bitcoin climbed above $66,000 on Monday after the U.S. and Iran announced a peace deal, lifting risk assets across markets.
• Strategy purchased 1,587 BTC for roughly $100 million, bringing its total holdings to 846,842 BTC.
• Spot Bitcoin ETFs saw $315.8 million in outflows last week — still negative but much lower than prior weeks’ $1 billion-plus exits.
• Crypto analyst Ali Martinez says Bitcoin has broken through the $64,360 resistance level, with $67,630 as the next key level to watch.
• Analyst Ardi, who has maintained a bearish outlook, called Bitcoin’s reclaim of $66.5K “one of the more notable developments” late in a bear cycle.

Bitcoin recovered on Monday, climbing back above $66,000 after weeks of losses. Two main catalysts drove the move: a U.S.-Iran peace deal that lifted risk appetite globally, and a fresh $100 million Bitcoin purchase by Strategy.

Bitcoin rose 1.8% to $66,468 by late afternoon Monday, recovering from annual lows hit over the past month.

The U.S. and Iran confirmed on Sunday that they had agreed to a memorandum of understanding to end their conflict. The deal is set to be formally signed Friday.

Under the terms, hostilities will stop immediately. The Strait of Hormuz — a critical shipping lane for global energy — will reopen within 30 days. Dialogue on Iran’s nuclear program and frozen assets will also begin.

The announcement moved markets broadly. Wall Street surged, oil prices fell over 4%, and U.S. Treasury yields declined as investors shifted into bonds.

Strategy Adds to Its BTC Stack

Strategy, the largest corporate holder of Bitcoin, acquired 1,587 BTC between June 8 and June 14 at an average price of $63,024 per coin. Total cost: roughly $100 million.

The purchase was funded through the sale of 1.73 million Class A shares, generating about $209 million in proceeds. Strategy also holds around $1.1 billion in cash reserves.

Co-founder Michael Saylor said the company’s total Bitcoin stash now stands at 846,842 BTC, worth approximately $56 billion. The average purchase price across all holdings is $75,656 per coin, with total spending of about $64.1 billion.

ETF Outflows Cool, But Streak Continues

Institutional outflows from Bitcoin spot ETFs eased last week. Net outflows came in at $315.8 million — a sharp drop from the over $1 billion weekly outflows seen in the four prior weeks.

Still, it marked a fifth straight week of net outflows from spot ETFs, which has capped Bitcoin’s recovery.

Analysts have pointed to a broader rotation into AI stocks as one reason institutional money has moved away from crypto.

Analyst Takes: Key Levels in Focus

Crypto analyst Ali Martinez (known as Ali Charts on X) said Bitcoin had broken through the $64,360 resistance level. “If momentum holds, $67,630 could be next,” he wrote, sharing a four-hour chart of the breakout.

Separately, analyst Ardi — who has been publicly bearish on Bitcoin — posted a nuanced take on X. He noted that Bitcoin breaking below the $60,000 range low and then reclaiming it as support is historically rare in a bear market. The only comparable setup, he said, was early 2018, when price briefly recovered before the bear trend resumed.

Ardi maintained that new lows remain his base case, but acknowledged the reclaim of $66.5K was unusual for this stage of a cycle.

Bitcoin remains below its longer-term moving averages. Traders say they want to see further confirmation before calling the bottom.

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