Following the recent Iran peace deal, Bitcoin (CRYPTO: BTC) briefly surged to $65,000. However, Glassnode's weekly report indicates that 95% of new buyers have experienced losses, with the market still being in a bearish phase. Despite the peace deal, Bitcoin's chart remains unimproved. WTI crude also saw a decline from $86 to $76 within 48 hours post the peace deal on June 14. This drop eradicated the geopolitical risk premium which had been pressuring Bitcoin for three weeks. Currently, Bitcoin stands at $77,200, approximately 15% below the True Market Mean, a crucial level separating bear and bull markets. Until this threshold is surpassed, the market outlook remains negative. The Short-Term Holder MVRV, reflecting whether recent buyers are profiting or losing, rose from 0.81 to 0.90 but remains below the critical level. For more details, the complete article is accessible on Benzinga.com.