Here's a fun thing about bull markets: sometimes they just show up unannounced, like a surprise party you throw for yourself. Bitcoin seems to be doing exactly that. While everyone was busy watching geopolitical tensions spike and oil prices creep toward $100 a barrel, the world's largest cryptocurrency quietly crossed the technical threshold into a new bull phase.
Since its low in February, Bitcoin has rallied 20.5%. That's the textbook definition of a bull market—a 20% gain from a recent low. What makes this interesting isn't just the number, but the backdrop. This gain happened while Iran closed the Strait of Hormuz, sending oil prices soaring and generally making investors nervous about, well, everything. Yet Bitcoin had its best week and month since September, acting like it didn't get the memo about risk-off sentiment.
And the vehicles that track it are telling the same story. Spot Bitcoin exchange-traded funds (ETFs) are on pace for their third straight week of net inflows. That's the longest streak since July 2025. This week alone, they've pulled in $583 million, according to Bloomberg. When money flows into ETFs while the news headlines scream about inflation and supply chain disruptions, it tells you something. Investors are still finding reasons to add exposure to crypto, even if the rest of the world feels shaky.
The usual suspects are leading the charge. BlackRock's iShares Bitcoin Trust (IBIT) has become a go-to for investors who want Bitcoin exposure through their regular brokerage account. Then there's Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB), the latter backed by Cathie Wood's ARK Invest. And let's not forget Grayscale Bitcoin Trust (GBTC), which converted from a trust to an ETF back in 2024 and remains a heavyweight for institutional-style Bitcoin access.
All this is happening while Bitcoin demonstrates a kind of resilience it hasn't always been known for. After hitting an all-time high above $126,000 in October, it tumbled to around $63,000 in February. The recovery since then suggests the cryptocurrency might be finding its footing again after months of selling pressure. It's almost as if Bitcoin is learning to walk through geopolitical stress without tripping over itself.
Of course, not everyone is ready to declare the coast clear. Market experts warn that Bitcoin could still face hurdles unless overall risk appetite improves. But the data is hard to ignore: a 20% recovery from the lows, strong weekly performance, and those persistent ETF inflows. Together, they're weaving a narrative that the Bitcoin bull market might be back in business, global turmoil notwithstanding. Sometimes the market tells a story that the headlines don't.
