Indodax: BTC Breaks Through 80,000 Dollars Driven by ETFs and Geopolitical Sentiment
Jakarta (ANTARA) - The digital currency Bitcoin (BTC) has strengthened again and broken through the 80,000 US dollar level on Tuesday, marking its highest position in the last three months since January 2026.
Indodax Vice President Antony Kusuma stated that this was driven by two factors: significant institutional fund inflows through Bitcoin ETFs, which recorded 625 million US dollars in one trading day.
On the other hand, he added in his statement in Jakarta on Tuesday, Bitcoin’s movement is also influenced by a combination of strengthening global sentiment, including increased interest in risk assets amid improving crypto market liquidity, as well as rising geopolitical uncertainty.
“Bitcoin is currently in a unique position because it is being driven from two directions at once. On one side, it moves following global market sentiment, but on the other side, it is also beginning to be considered as an alternative amid geopolitical uncertainty,” he said.
This condition, according to him, is pushing investors to seek alternative hedging assets outside the traditional financial system, especially as this strengthening is also supported by a surge in market activity, with daily trading volume reaching around 48 billion US dollars.
“This condition indicates positive momentum in the market, but the dynamics occurring in the market still need to be analysed carefully,” said Antony.
In addition, he added, data from CoinMarketCap shows that the total assets in Bitcoin ETFs are now around 105 billion US dollars, and this reflects increasing participation and confidence from institutional investors, which is one of the important factors in supporting market movements.
Antony stated that this strengthening momentum is beginning to reflect a bullish tendency in the market, although it is still in a phase that needs to be monitored carefully.
The price increase supported by institutional fund flows and global sentiment shows that interest in crypto assets, particularly Bitcoin, remains strong.
However, he reminded that the sustainability of this momentum will greatly depend on the consistency of market liquidity as well as developments in external factors, such as macroeconomic conditions and global geopolitical dynamics.
“Therefore, volatility remains the main characteristic of crypto assets that investors need to understand when making decisions,” he said.
Antony hopes that Indonesian society can utilise the market momentum more wisely and measuredly, while still prioritising risk management amid evolving global dynamics.