Bitcoin tops $67K after Iran ceasefire

• Bitcoin (CRYPTO:BTC) rose above US$67,000 after a ceasefire announcement between the United States and Iran eased market concerns.
• The rally triggered about US$210 million in short liquidations, although derivatives data showed traders remained cautious.
• ETF inflows and continued purchases by Strategy are providing support, but investors are watching whether Bitcoin can sustain gains above US$70,000.

Bitcoin (CRYPTO:BTC) climbed above US$67,000 after United States President Donald Trump announced a ceasefire agreement with Iran, while derivatives data suggested traders remained cautious despite the price rally.

The move came as Brent crude oil fell to a 100-day low and the Nasdaq Index gained 3%, although Bitcoin futures premiums remained below levels typically associated with strong bullish sentiment.

The report did not include a direct company or executive quote.

Bitcoin’s annualised futures basis stood at about 2%, below the neutral 4% threshold, while the rally caught short sellers off guard and triggered roughly US$210 million in liquidations.

Market participants are also monitoring US-listed spot Bitcoin ETF flows, which recorded US$86 million in net inflows on Friday, while options markets continued to show demand for downside protection; following the development the Bitcoin price was up at approximately US$67,000.

ETF inflows remain below the roughly US$730 million in net outflows recorded since June 5, suggesting institutional investors are still awaiting stronger confirmation of a sustained recovery.

Strategy continues to add Bitcoin to its balance sheet, while traders remain focused on whether easing geopolitical tensions, lower energy prices and potential changes in US monetary policy can support a move back above US$70,000.

At the time of reporting, Bitcoin price was $65,669.28.