Bitcoin Rises as Stocks Retreat: How Markets Shifted Following Iran Tensions
Bitcoin rose to $79,742 as stocks retreated following the Iran-U.S. tensions.
According to data reported by CoinDesk, Bitcoin rose as much as 1.6% intraday to $79,742—its highest level since 12:00 AM on September 9, 2026—before trading around $79,000. The move followed the U.S. Central Command’s announcement that it had destroyed five Iranian oil tankers, and Iran’s retaliatory missile strikes on U.S. bases in Jordan.
As Brent crude surpassed $100 for the first time since July, the Stoxx Europe 600 dropped 0.5% at the open. The Dow Jones Industrial Average also fell 1.2% in the previous session. In contrast, gold rose 1.06%, while silver gained 1.33%. Bitcoin’s movement in tandem with precious metals indicated that the cryptocurrency decoupled from equities during this session.
$46.65 Million Outflow from ETFs as Bitcoin Rises
Ether rose 0.3% to $2,490, while XRP climbed 0.4% to $1.42. However, according to SoSoValue data, U.S.-listed spot Bitcoin ETFs saw a net outflow of $46.65 million on Tuesday. The ETFs had recorded $174.6 million in inflows the previous Friday.
Open Interest in Futures Declines Amid Bitcoin’s Rise
Velo data revealed that futures open interest, which had increased as the Bitcoin price pulled back from $80,000, declined during the recovery. While this outlook is consistent with the closing of some short positions opened the previous day, it did not indicate a strong new capital inflow driving the rally. The total open interest in Bitcoin remained below the 700,000 level.
The ratio comparing the use of market orders by buyers and sellers in derivative markets returned to neutral after a two-day negative outlook. Call options with strike prices between $80,000 and $90,000 led the trading volume on Deribit. Data from Laser Digital also indicated that bullish bets in short-term options have strengthened.
Bitcoin’s 30-day implied volatility index, BVIV, rose above its 50 and 100-day moving averages. As the market awaits the U.S. Consumer Price Index data to be released on Friday, Ether’s equivalent indicator, EVIV, is also attempting to break above its 100-day average.