Bitcoin Rallies to $67K After US-Iran Ceasefire; Derivatives Signal Caution

Bitcoin jumped above $67,000 after US President Donald Trump announced a late Sunday ceasefire deal with Iran, sparking a roughly 4% intraday move that caught short sellers off guard and triggered $210 million in liquidations. Derivatives point to weak conviction: the annualized futures premium stood at 2%, below the neutral 4% threshold for more than three months amid a -24% year-to-date performance, while put options traded at a 16% premium over calls, signaling pronounced downside fear.

Institutional flows provided partial support — US-listed spot Bitcoin ETFs recorded $86 million of net inflows on Friday, though that followed $730 million of net outflows since June 5. Strategy (MSTR US) has continued to accumulate Bitcoin, helping to counter market fear.

Traders remained cautious because the ceasefire lacks a final deadline and clear operational details for shipping, with only an interim agreement expected Friday.

United States

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