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Bitcoin surged past $105,000 following reports of an Iran-Israel ceasefire, recovering from a weekend dip below $100,000. Despite the rebound, derivatives traders remain cautious as open interest in Bitcoin perpetual futures saw its sharpest decline since August 2024.
- Bitcoin's volatility index dropped to 39.15, its lowest since October 2023, signaling expectations of price stability near $105,000.
- Open interest in Bitcoin perpetual futures fell sharply by 17,394 BTC in 24 hours, reflecting trader caution amid geopolitical risks.
- Analysts observe bullish sentiment for Bitcoin options with July and September expiries, suggesting optimism for reduced market uncertainty.
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