🛢️ WHY CRYPTO TRADERS SHOULD CARE ABOUT OIL
Oil is back above $90 as geopolitical tensions increase supply concerns
Most crypto traders will scroll past that headline.
I wouldn't.
Higher energy prices can create more inflation pressure.
More inflation pressure can change expectations for interest rates.
And changes in rates can hit liquidity.
Liquidity affects risk assets.
Risk assets include crypto.
So the chain is simple:
Oil → Inflation → Rates → Liquidity → Crypto
Sometimes the best crypto analysis starts with a chart that isn't crypto at all.$NVDAB $AAPLB $NVDA.US
#RussiaUkraine72-hourCeasefire #BTCReaches$80000 #ZECHitsANewAllTimeHigh #LululemonTumbles20%OnWeakGuidance #BitcoinETFsBiggestDailyInflowSinceJanuary
