Bitcoin’s rally and HYPE’s record run mask a market still waiting for real conviction, analysts say

60-second summary

Bitcoin maintains above $66,000 as the Iran truce fuels optimism, while HYPE surges to a new all-time high above $76. However, analysts at Wintermute and Bitfinex warn of thin conviction in the market, suggesting that the recent rally may be driven by hype rather than genuine buying pressure, casting doubt on the sustainability of the current trend.