โฝOil, Middle East and crypto ๐ง๐ฅ๐ถ๐งง
Nobody told me I needed to watch oil prices to understand crypto ๐
Here's what happened this week โ
Brent crude climbed back above $101 a barrel as security concerns around Middle East oil shipments intensified.
At least seven tanker attacks happened during the first week of October alone.๐
And Bitcoin dropped to $84,286. More than $403 million in leveraged crypto longs were liquidated within one hour during the selling.
Oil up. ๐
Dollar up. ๐
Treasury yields up. ๐
CRYPTO down. ๐๐๐๐
All on the same day.
But here's the part that keeps me calm,
24,073 BTC left exchanges on net Monday,the biggest single-day withdrawal since March 1. Bitcoin held on exchanges fell to roughly 6.5% of supply.
People are REMOVING Bitcoin from exchanges during this dip.
Not selling.
Moving to cold storage.
That's accumulation behavior, not panic.
Spot Bitcoin ETFs took in $2.4 billion in the penultimate week of September โ their best since October 2025.
The geopolitical noise is real.
The institutional conviction is also real.
Both things are true at the same time ๐คทโโ๏ธ.
Are you buying this dip or waiting for more clarity? ๐
$BTC
#Bitcoin #BinanceSquare #BinanceSquareTalks
Nobody told me I needed to watch oil prices to understand crypto ๐
Here's what happened this week โ
Brent crude climbed back above $101 a barrel as security concerns around Middle East oil shipments intensified.
At least seven tanker attacks happened during the first week of October alone.๐
And Bitcoin dropped to $84,286. More than $403 million in leveraged crypto longs were liquidated within one hour during the selling.
Oil up. ๐
Dollar up. ๐
Treasury yields up. ๐
CRYPTO down. ๐๐๐๐
All on the same day.
But here's the part that keeps me calm,
24,073 BTC left exchanges on net Monday,the biggest single-day withdrawal since March 1. Bitcoin held on exchanges fell to roughly 6.5% of supply.
People are REMOVING Bitcoin from exchanges during this dip.
Not selling.
Moving to cold storage.
That's accumulation behavior, not panic.
Spot Bitcoin ETFs took in $2.4 billion in the penultimate week of September โ their best since October 2025.
The geopolitical noise is real.
The institutional conviction is also real.
Both things are true at the same time ๐คทโโ๏ธ.
Are you buying this dip or waiting for more clarity? ๐
$BTC
#Bitcoin #BinanceSquare #BinanceSquareTalks
