Bitcoin and global markets rallied after the US and Iran announced a ceasefire, but data show BTC bears have not closed most of their positions yet.

Bitcoin ETF inflows hit $471 million, but stress on digital asset treasuries, selling from miners, and the war in Iran are keeping BTC stuck below $70,000.

While an Iran ceasefire favors stocks, Bitcoin’s path to $75,000 remains contingent on market trust despite Trump’s volatile diplomacy.