Hamas understands this moment as well as Netanyahu.

It needed to obtain just enough from an agreement to be able to claim a victory, and then to adhere to whatever is obtained in order to deny Netanyahu the political cover with Trump for a return to war.

Ironically, that’s a position of weakness for Hamas, and Netanyahu appears to have taken advantage of it — and so,
1. there are more hostages coming out,
2. a slower Israeli redeployment
3. and no guarantees of an end to fighting.

Yet Hamas retains one great advantage over Netanyahu: Its bar for “victory” is extremely low.
It doesn’t need to win; it doesn’t need to rebuild its capabilities.

It only needs to be able to claim it survived, even if what survived is a bare fragment of the original organization, now reduced to sending teenagers to fight, overseeing a ruined economy and unable to rebuild Gaza.

The simple fact that it still exists is “victory.”