HTX DeepThink: The ceasefire between Israel and Hamas has driven the market towards risk appetite, is a key support level for Bitcoin emerging?

On June 24, HTX DeepThink columnist and HTX Research researcher Chloe (@ChloeTalk1) said that on June 24, Trump announced a "comprehensive and complete ceasefire" between Israel and Iran on social platforms, officially saying that the "12-day war" was over, but on the eve of the ceasefire taking effect, the two sides were still fiercely exchanging fire to gain the strategic initiative. Although the Khamenei regime was damaged, it survived tenaciously on the basis of a theocratic system; The United States used B-2 bombers and other sophisticated military forces as bargaining chips to mediate through multiple rounds of communication between the president, vice president, and secretary of state with Qatar. Iran's foreign minister left room in his statement that "if the bombing stops, the response will be suspended"; Qatar has benefited significantly from mediation, and its regional influence has increased significantly.

At the same time, the global market quickly shifted from risk aversion to risk preference. Today, Bitcoin fluctuated slightly around $105,500, with a surge in open interest for put options below $104,000 and rising implied volatility at that price level. Several transactions involving over tens of millions of dollars worth of Bitcoin flowed into exchanges, and the funding rate for long contracts turned negative, indicating a bearish dominance. The US dollar index retreated to around 104, providing temporary support, but if it continues to decline, it will weigh on risk assets. Meanwhile, the uncertain situation in the Middle East continues to support demand for safe havens in the short term. $104,000 has become a key support level for the day.