JUST IN: Bitcoin and oil jump on Iran ceasefire headline; Binance sees $2.7B BTC derivatives taker buys
Bitcoin and oil rallied after news of a U.S.-Iran ceasefire. In the two hours following the announcement, Binance logged $2.7 billion in BTC derivatives taker-buy volume, signaling aggressive risk-on positioning. The move came alongside the official reopening of the Strait of Hormuz, prompting a surge of risk-on liquidity across major exchanges. Separately, Hyperliquid's WTIOILUSDC market recorded $2.4 billion in volume over 24 hours, making it the platform's second-largest market after Bitcoin. Source: CryptoQuant