[Analysis: Bitcoin Shows 'Initial Signs of Improvement' as Concerns Over Iran Conflict Ease] According to Decrypt, on-chain analytics firm Glassnode stated that as concerns over the Iran conflict ease, Bitcoin's market structure is showing initial signs of stabilization. Bitcoin rose 4.3% on the day to approximately $69,100, with an increase in open interest in futures contracts and positive buying activity in the perpetual contracts market, indicating that traders are cautiously returning to leveraged positions. Inflows into U.S. spot Bitcoin ETFs increased to approximately $934 million, up 20% from the previous week. Glassnode noted that momentum indicators, ETF demand, and profitability metrics are improving, but the recovery remains 'initial,' and the price action still lacks the strength for a decisive bullish shift. Trading volume and network activity remain sluggish, and capital flows are weak, indicating that overall confidence has not yet fully recovered.