Houthi forces used ballistic missiles and drones to strike Saudi military bases, hitting an arms depot and a command center, leaving two Saudi people injured. Within 48 hours, Saudi Arabia also dropped 129 bombs across seven provinces in Yemen; the foreign ministers of Iran and Iraq held an urgent phone call to discuss closing the border and this attack. The tinderbox of the Middle East is smoking again—this time worse than before.
Once a geopolitical conflict escalates, oil prices will likely surge. Assets like $BTC may get knocked down briefly by panic sentiment, but then the hot money eventually has to find an outlet. This time there’s a detail that’s subtle: Iran proactively reached out to Iraq to discuss closing the border. Is it to prevent further escalation, or is it quietly pressuring Saudi Arabia? That signal is more intriguing than the missiles themselves. On the other side, the ecosystem’s social wallet Hey Wallet—$SOL —suddenly announced a shutdown. The question is whether the path of on-chain social actually works, and if so, whether it still goes anywhere.
Do you think this wave of developments in the Middle East will push BTC to break upward, or will we see a shakeout first?
Once a geopolitical conflict escalates, oil prices will likely surge. Assets like $BTC may get knocked down briefly by panic sentiment, but then the hot money eventually has to find an outlet. This time there’s a detail that’s subtle: Iran proactively reached out to Iraq to discuss closing the border. Is it to prevent further escalation, or is it quietly pressuring Saudi Arabia? That signal is more intriguing than the missiles themselves. On the other side, the ecosystem’s social wallet Hey Wallet—$SOL —suddenly announced a shutdown. The question is whether the path of on-chain social actually works, and if so, whether it still goes anywhere.
Do you think this wave of developments in the Middle East will push BTC to break upward, or will we see a shakeout first?