๐จ BTC HAS AN OIL PROBLEM AGAIN.
Brent just jumped back above $104.
And this time it's not just Iran.
๐ฎ๐ท Middle East supply risk
๐ Hurricane Isaias
๐ข๏ธ ~1.3M barrels/day of U.S. Gulf production offline
Two supply shocks.
One oil market.
Oil โ โ inflation risk โ โ Fed pressure โ โ BTC liquidity โ
BTC is already near the $81K battlefield.
Does $80K break if oil stays above $100? ๐
Brent just jumped back above $104.
And this time it's not just Iran.
๐ฎ๐ท Middle East supply risk
๐ Hurricane Isaias
๐ข๏ธ ~1.3M barrels/day of U.S. Gulf production offline
Two supply shocks.
One oil market.
Oil โ โ inflation risk โ โ Fed pressure โ โ BTC liquidity โ
BTC is already near the $81K battlefield.
Does $80K break if oil stays above $100? ๐