Interesting what’s happening these days. Bitcoin has regained the $75,000 level just as markets are betting on progress in negotiations between Iran and Pakistan. The geopolitical situation is really influencing crypto sentiment more than we think. Currently, Bitcoin is at $81,020 with a +0.42% increase in the last 24 hours and +2.77% for the week — not bad considering the context.

But there’s something that doesn’t add up here. While global stock indices (MSCI All Country World) are rallying nicely, Bitcoin remains behind. It’s strangely weak for a time of geopolitical de-escalation. Perpetual futures data show negative funding for 46 consecutive days — the longest since the FTX crash. This means people are still very bearish despite the price rising.

Ether is up to $2,330 (+0.52%), XRP to $1.45 (+2.25%), BNB to $654.70 (+0.87%). Interestingly, Solana is the surprise: $95.24 with a +2.14% daily increase and even +13.26% weekly — that’s really doing its job.

The real warning sign comes from the mining side. Public mining companies sold a record 32,000 BTC in the first quarter — more than all of 2025 combined. Difficulty has decreased by 2.43% to 135.59 trillion, but hashrate has risen back to 992 EH/s. In other words: miners are selling like crazy even as the price recovers. This suggests margins remain squeezed despite the rally.

The critical point is this: if Bitcoin wants to make a real sustained rally above $80,000, it must absorb the ongoing selling from miners. Otherwise, it remains trapped in this range. The crucial deadline is Wednesday (Washington time) when the two-week ceasefire expires. If talks fail, we could see a quick pullback below $74,000.

Kaiko researchers say that a break above $76,000 would open the door to $85,000 — but only if the selling flow from mining decreases. Meanwhile, spot Bitcoin ETFs recorded net outflows of $996.4 million last week, while Ethereum ETFs attracted $275.8 million. In short, institutional money currently prefers Ethereum.

Keep an eye on this: if Bitcoin fails to hold $75,000 this week and drops back below $74,000, momentum could reverse quickly. But if it breaks above $76,000, we might see a serious push toward higher zones. For now, it remains a two-faced market — positive geopolitics but still weak fundamentals on the mining and positioning side.