Despite Iran-related developments and DeFi hacks, bitcoin (BTC) ETF inflows continue to drive a bullish market for the largest cryptocurrency. U.S.-listed spot ETFs reported $663 million on Friday, the most since Jan. 15, and total inflows reached $996 million last week, up from $786 million the previous week. This indicates strong institutional interest in bitcoin. Meanwhile, DeFi platform Aave's AAVE token has dropped 1% to $90 due to the weekend hack of KelpDAO. The DeFi dominance rate has remained flat at around 3%. Meanwhile, traders are building short positions, betting against a breakout, which could trigger a "short squeeze" if prices hold steady.