Strong ETF demand kept the bitcoin price steady on May 4, even as tensions involving the U.S. and Iran lifted market caution. Ethereum also held firm above $1,800, while investors continued to favor crypto exposure through regulated funds.
ETF demand supports market resilience
Data from SoSoValue showed that U.S. Bitcoin spot ETFs posted a net inflow of $532 million on May 4. That marked the third consecutive day of positive flows. Meanwhile, U.S. Ethereum spot ETFs attracted $61.29 million in fresh capital.
Moreover, those inflows arrived while oil prices stayed volatile and conflict-related risks remained elevated. The pattern suggests that some investors are treating Bitcoin and Ethereum as possible hedges during geopolitical uncertainty.
Price signals remain constructive
Market data showed Bitcoin priced at 0.1% YES for finishing below $68,000, unchanged from 24 hours earlier. In parallel, Ethereum sat at 99.9% YES for staying above $1,800, also unchanged from the previous day.
That said, the pricing implies a low probability of sharp downside for Bitcoin and strong confidence in Ethereum’s current range. The setup points to cautious optimism rather than aggressive risk-taking across the crypto market.
In this context, the bitcoin price is being watched closely alongside institutional flows, especially as participants assess whether recent strength can last beyond the latest ETF session.
What traders are watching next
Observers are now looking for the next round of crypto etf inflows and any shift in the U.S.-Iran backdrop. Further data could confirm whether the current move is a short-term reaction or part of a broader trend.
Moreover, names such as BlackRock, Vitalik Buterin, and Michael Saylor remain influential in market conversations. New regulation or a macro shock could still alter sentiment quickly.
For now, the combination of steady ETF demand, firmer pricing, and rising macro tension leaves the crypto market in a guarded but constructive position.
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