Brent is up 83% this year, the 3rd biggest annual run in the last 100 years 🛢️

$61 in Jan
$112 in Oct

That's an energy shock, not a normal rally.

Oil at these levels feeds straight into inflation, which makes rate cuts harder and keeps liquidity tight. Risk assets, $BTC included, usually feel that pressure first.

If crude keeps climbing, don't expect easy money to save your bags. Watch oil, the dollar and yields before you size up. 👀