Bitcoin hits $82K as US-Iran peace talks and record negative funding boost market optimism

Bitcoin surged above $82,000, reaching a three-month high, driven by reports of a nearing US-Iran peace framework that caused oil prices to drop sharply. This positive geopolitical development improved global market sentiment, pushing the S&P 500 to a record high and triggering a short squeeze in Bitcoin amid the longest negative funding streak of the decade. The negative funding rate, which has lasted 67 days, typically signals strong buying opportunities, and Bitcoin's price rally reflects this dynamic. Despite rising prices and open interest, institutional activity remains cautious, suggesting careful market participation ahead.