According to Semir Gabeljic of Pythagoras Investments and Spencer Yang of Fractal Bitcoin, Bitcoin's rise above $106,000 is fueled by substantial ETF inflows, with Gabeljic citing $1.1 billion last week and $350 million recently, driving market confidence. Yang emphasized that BTC fundamentals remain strong, supported by rising on-chain activity from protocols like BRC-20 and Runes, as geopolitical tensions eased after an Israel-Iran ceasefire. Tim Draper noted Bitcoin's dominance exceeding 60%, absorbing altcoin innovations like smart contracts and DeFi, reinforcing long-term value.

According to Spencer Yang, Core Contributor to Fractal Bitcoin, BTC's resilience amid geopolitical tensions is driven by unchanged fundamentals and increasing on-chain activity from protocols like BRC-20. Semir Gabeljic, Director at Pythagoras Investments, cited $1.1 billion in Bitcoin ETF inflows last week as a key catalyst for the rally. BTC surged past $106,000 as an Israel-Iran ceasefire eased war jitters, with ETH climbing 4% to $2,450, reflecting strong institutional accumulation and broader market strength, as reported by Glassnode and Avenir Group.