Bitcoin tops $67K following US-Iran peace deal: Is it a bull trap?

Despite Bitcoin derivatives data highlight traders’ skepticism even though BTC briefly rallied above $67,000. Are bulls stepping into a trap?

Key takeaways:

Bitcoin derivatives show weak conviction with 2% futures basis and elevated put options premium signaling caution.

Institutional buying via $86 million ETF inflows plus Strategy’s (MSTR US) ongoing accumulation counters market fear.

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