๐จ OIL COULD BE A WARNING SIGN FOR $BTC
WTI is pushing higher, and that matters for risk assets.
Oil โ โ Inflation โ โ Yields โ โ Tighter financial conditions.
That can put pressure on BTC and crypto.
Not saying Bitcoin has to drop now. But rising oil could be the risk markets are underestimating.
๐ Watch oil before crypto reacts.
WTI is pushing higher, and that matters for risk assets.
Oil โ โ Inflation โ โ Yields โ โ Tighter financial conditions.
That can put pressure on BTC and crypto.
Not saying Bitcoin has to drop now. But rising oil could be the risk markets are underestimating.
๐ Watch oil before crypto reacts.