Bitcoin briefly reached $65,000 after the Iran peace deal, but a report by Glassnode showed that 95% of recent buyers are currently at a loss. Despite the bounce, the market remains in bear territory, with Bitcoin still 15% below the True Market Mean at $77,200. The drop in WTI crude from $86 to $76 within 48 hours after the peace deal removed the geopolitical risk premium that had been affecting Bitcoin for the past three weeks. Until Bitcoin manages to reclaim the $77,200 level, the market is likely to stay bearish. The Short-Term Holder MVRV, which assesses if recent buyers are profiting or at a loss, improved from 0.81 to 0.90 but remains below... (Continued on Benzinga.com)