$BTC Three-Day Ceasefire
The pause in strikes only involves two capitals.
The U.S. envoy is shuttling between sides to mediate.
Whether it can be expanded later is where the bigger imagination lies!
On September 5, when Putin met with Kushner and Witkoff, he said the Russian side agreed to pause strikes on Kyiv for three days, but did not agree to Ukraine's broader ceasefire proposal. The Ukrainian side also said it was willing to suspend strikes on Moscow and expected Russia to take the same measures toward Kyiv. Other regions such as Odesa were not included in this pause-in-strikes arrangement.
This time, room was left for negotiations, but there is still a clear distance from a ceasefire along the entire front line. For BTC and other risk assets, what is worth watching next is whether the pause in strikes can be implemented, whether the duration can be extended, and whether the scope can be expanded. These developments are what could further improve risk appetite.
#俄乌同时宣布停火3天
Every step forward in negotiations brings one more chance for sentiment recovery.$BNB