Iran Deal Sparks Next Crypto Bull Cycle, Says Santiment

Santiment says the Iran deal has boosted risk appetite, helping Bitcoin recover more than 11% from its early June low.

The on-chain analytics firm notes that despite the rally, over $4.8 billion has left U.S. spot Bitcoin ETFs since May, highlighting continued investor caution.

Santiment believes the agreement between the U.S. and Iran is laying the groundwork for a longer crypto bull market, citing improving investor sentiment and renewed buying activity in digital assets.