Capital.com analyst Kyle Rodda said Bitcoin faces a "binary risk" before President Trump's Tuesday 8 PM ET ultimatum to Iran, after BTC fell below $69,000 on Tuesday. Rodda said traders face either escalation or another relief rally as Trump demands Iran reopen the Strait of Hormuz or face strikes on bridges and power plants. Spot Bitcoin ETFs recorded $1.32 billion in net inflows in March, their first positive month since October 2025.