PANews reported on April 6th that, according to Coindesk, expectations for a potential ceasefire agreement between the US and Iran are rising, leading to a significant increase in market risk-on sentiment. Reports indicate the ceasefire plan may take effect on Monday, potentially reopening the Strait of Hormuz and boosting global risk assets. Bitcoin's significant strength has driven a broad rally in the crypto market, with major cryptocurrencies such as ETH and Solana also rising.

Positive signals emerged from the derivatives market: Bitcoin futures structure improved, and 30-day implied volatility continued to decline; Nasdaq 100 futures rose 0.8%, further strengthening the risk-on sentiment.

However, analysts caution that the rebound is highly uncertain: Iran has repeatedly denied previous ceasefire announcements, and if these reports are proven false, the market could quickly reverse; furthermore, the agreement's binding force on Israel is questionable, making it difficult to sustain a boost to risk appetite. Bitcoin still has room to rise, but geopolitical and macroeconomic variables remain the core constraints.