U.S.-Iran peace negotiations remain in flux with Trump signaling no rush toward a deal while Rubio suggests alternative approaches if talks fail, creating elevated geopolitical uncertainty. The DXY weakness (-0.31%) and calm VIX (16.7) suggest risk-on sentiment, but BTC ETF outflows continue for 7th consecutive day with $77M net outflow, signaling institutional hesitancy amid the geopolitical backdrop.
BTC trading at $74.5K facing headwinds from sustained ETF outflows despite broader risk-on macro conditions. Stablecoin supply declining across major tokens (USDT -0.1%, USDC -0.65% 7d) while DEX volumes 22% below average at $4.48B, indicating reduced on-chain activity and liquidity provision.