The United States and China reached an agreement on a 90-day tariff relief deal, leading to optimistic trends in global financial markets and benefiting crypto markets as well. Despite this positive news, only $5 million in net inflows into the Bitcoin ETF market were recorded, marking the lowest inflow since April 14.

Bitcoin's value surged on Monday to $105,819 but dropped to $102,729 due to profit-taking activities. This decline below the $105,000 mark reduced institutional interest, resulting in minimal capital inflows into spot Bitcoin ETFs. The net inflow into the ETF market stood at $5.2 million for the day, the lowest since April 14.

Among ETF issuers, BlackRock's iShares Bitcoin Trust (IBIT) saw the highest daily inflow of $69.41 million, while Grayscale’s Bitcoin Trust ETF (GBTC) experienced the highest net outflow of $32.92 million on Monday.

Despite the brief surge to $105,819, Bitcoin is currently trading at $102,367, showing a 2% decrease in the last 24 hours. Traders engaged in profit-taking after the initial rally, causing Bitcoin to fall below the key $105,000 level. The institutional investors appear to be cautious, waiting for BTC to reclaim or stabilize above crucial resistance levels before investing further.