Bitcoin (BTC) surged to $72,000 after the US and Iran agreed to a two-week ceasefire, but key options indicators suggest the rally is driven by fear removal rather than fresh bullish positioning. The ceasefire announcement, brokered by Pakistan, coincides with $2. 18 billion in BTC and Ethereum (ETH) options expiring on Friday. The same day, delegations from Washington and Tehran are expected in Islamabad for further negotiations