Analysis: Expectations of a US-Iran ceasefire boosted risk appetite, with Bitcoin leading a broad rally in the crypto market.

CoinFeed reported on April 6th that, according to Coindesk, expectations for a potential ceasefire agreement between the US and Iran are rising, significantly boosting market risk-on sentiment. Reports suggest the ceasefire plan may take effect on Monday, potentially reopening the Strait of Hormuz and boosting global risk assets. Bitcoin's significant strength led to a broad rally in the crypto market, with major cryptocurrencies like ETH and Solana also rising. The derivatives market released positive signals: Bitcoin futures structure improved, with 30-day implied volatility continuing to decline; Nasdaq 100 futures rose 0.8%, further strengthening the risk-on atmosphere. However, analysts cautioned that the rebound is highly uncertain: Iran has repeatedly denied previous ceasefire reports, and if these reports are proven false, the market could quickly reverse; furthermore, the binding force of the agreement on Israel is questionable, making it difficult to sustain a boost to risk appetite.