Bitcoin holds above $81K amid rising ceasefire hopes in Russia-Ukraine conflict and mixed trader signals.

Bitcoin traded near $81,300, maintaining a key support zone above $80,000 as traders reacted to improving on-chain data and cautious derivatives positioning. The price movement coincides with a surge in ceasefire odds for the Russia-Ukraine war, now above 99%, following comments from President Putin suggesting the conflict may be nearing an end. Analysts note that holding above this range could lead to further gains, while a drop below $80,000 might trigger a retest of support. Meanwhile, geopolitical tensions involving Iran and the Strait of Hormuz add uncertainty, potentially influencing market risk appetite and Bitcoin's price direction in the near term.