Bitcoin's price recently climbed above $67,000, coinciding with a peace agreement between the US and Iran. This development has sparked interest in the cryptocurrency market.
Despite this surge, data from Bitcoin derivatives indicates a level of skepticism among traders. Many are questioning whether this rally is sustainable or if it could be a potential bull trap.
As the market reacts to geopolitical events, traders are advised to proceed with caution, considering the mixed signals from the derivatives market.