Bitcoin Jumps 11% on Iran Peace Deal, Analysts Bullish

Separate data from Glassnode shows buying activity had already started before the geopolitical catalyst emerged. The analytics firm reported that Bitcoin’s Accumulation Trend Score began moving toward accumulation after prices fell into the $60,000 range earlier this month. Glassnode said the pattern indicates investors were absorbing supply during the correction rather than continuing to sell. A separate cohort analysis showed accumulation scores improving across multiple wallet groups, which the firm interpreted as evidence that buyers from different investor segments stepped in as Bitcoin declined.

Santiment emphasized that expectations are playing a key role. Financial markets often react before economic benefits become visible, the firm said. Many participants now view the agreement as an early sign of stability after a volatile period that included inflation concerns, conflict-related uncertainty, and pressure on risk assets.

“If inflation pressures ease and institutional investors finally begin feeling more comfortable themselves, the sharp gains following this announcement may end up looking less like a one-day relief rally and more like the opening chapter of a much larger bull cycle,” Santiment wrote.

Investor caution has not disappeared. More than $4.8 billion flowed out of U.S. spot Bitcoin exchange-traded funds since May. Some market participants remain wary after previous ceasefire agreements in the Middle East failed to hold.

Despite that, Santiment argued that improving market sentiment and falling oil prices have created conditions that could support further gains if macroeconomic pressures continue to ease.

A formal signing ceremony is scheduled for June 19 in Switzerland.