After the Iran peace deal, Bitcoin briefly surged to $65,000 but has since dropped, as revealed in Glassnode's latest report. The report indicates that 95% of recent buyers are facing losses, with the market still being bearish. Following the peace deal, WTI crude plummeted from $86 to $76 in just 48 hours, eliminating the geopolitical risk premium that had impacted Bitcoin for three weeks. Even though Bitcoin has recovered slightly, it remains 15% below the True Market Mean at $77,200, a crucial level that separates bear from bull market conditions. The Short-Term Holder MVRV, which assesses if recent buyers are profitable, has increased from 0.81 to 0.90 but still falls short of the threshold. The structural outlook remains bearish until Bitcoin surpasses the $77,200 mark. For more details, visit Benzinga.com.