CoinEx News: US and Iranian negotiators reached a tentative 60-day framework on May 28 to extend the ceasefire, reopen the Strait of Hormuz without restrictions, launch nuclear talks, and explore potential sanctions relief. The deal still requires final approval from both President Trump and Iranian leadership. Risk assets surged on the de-escalation news: the S&P 500 and Nasdaq hit fresh record highs, South Korea’s KOSPI rallied sharply, and oil prices retreated, while Bitcoin remained range-bound between $73,000 and $74,000.

Bitcoin’s failure to join the broad risk-on move, combined with ongoing outflows from US spot Bitcoin ETFs, highlights crypto-specific weakness rather than widespread risk aversion. With macro war risks receding, BTC now appears more dependent on its own catalysts to break higher.