The geopolitical fud is taking a break. The US and Iran just agreed to a fragile ceasefire, and the market instantly woke up. We just watched $BTC reclaim 70k with ease. Derivatives data shows this is not just a standard short squeeze. Open interest is actually climbing, meaning traders are actively layering on new long exposure.
The craziest update today is the Strait of Hormuz situation. Reports say Iran is demanding up to $2 million per ship for tanker tolls, and they are explicitly accepting Bitcoin. That is a wild real-world use case forced by global friction. Pair that with Morgan Stanley finally dropping their spot ETF on the NYSE this week.
#IranClosesHormuzAgain
The craziest update today is the Strait of Hormuz situation. Reports say Iran is demanding up to $2 million per ship for tanker tolls, and they are explicitly accepting Bitcoin. That is a wild real-world use case forced by global friction. Pair that with Morgan Stanley finally dropping their spot ETF on the NYSE this week.
#IranClosesHormuzAgain