The announcement of a ceasefire between Iran and regional adversaries triggered an immediate risk-on rotation across global markets. Bitcoin surged past $77,500 within hours, reclaiming levels not seen since early April. Analysts point to the convergence of de-escalating geopolitical risk and strong on-chain accumulation data.
This move matters beyond the headline number — it confirms BTC's role as a global liquidity barometer. Institutional flows into spot ETFs accelerated, with BlackRock's IBIT recording its largest single-day inflow in three weeks. The relief rally suggests the market had been pricing in a significant risk premium that is now unwinding.