[Analysis: BTC Defies Odds Amid Middle East Turmoil, Institutional Fund Inflows as Key Support] Odaily Planet Daily News – Despite the ongoing escalation of the U.S.-Israel and Iran conflict, and the market's repricing of Middle East geopolitical risks and delayed expectations for short-term Federal Reserve rate cuts, Bitcoin remains strong. Analysts believe that after weeks of consolidation, institutional funds have re-entered the market, providing significant support for Bitcoin's rebound. Spot ETF fund inflows have bolstered the price recovery. Additionally, on-chain and derivatives data also indicate a rise in risk appetite. Bitcoin perpetual contract open interest recorded the largest single-day increase since July 2025, with leverage expanding significantly. However, there may be a time lag between ETF share trading and actual Bitcoin spot purchases, as settlement and hedging mechanisms of institutional products could weaken the immediate transmission effect on short-term prices. (The Block)