Bitcoin accumulates on exchanges amid Hormuz oil shock and steady yields.

The Lead

Bitcoin price stalls at $80,683 amid exchange outflows of +3,228 BTC that shrink liquid supply and cap downside, yet this accumulation clashes with macro tightening from Hormuz clashes pushing Brent toward $100 per barrel.^[1]^[2] Higher energy costs lock in Fed restraint at 3.5-3.75% with 10Y yields near 4.36%, squeezing risk assets as DXY holds 97.84 and gold climbs to $4,731/oz.^[3]^[4] Network resilience shines through steady 988 EH/s hashrate and Lightning capacity above 4,800 BTC, but neutral Fear & Greed at 47 betrays absent buying fire.^[5] Investors ignore the core risk: oil shock forces prolonged high rates that bleed Bitcoin's risk premium without igniting safe-haven flows. Exchange netflows reversing above +5,000 BTC daily would confirm distribution and break the range lower.CryptoQuant^[6] Will Hormuz escalation finally summon geopolitical bids, or does it just amplify dollar strength and starve upside?

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The Wire

BITCOIN
Santiment flags risk as crypto bullish talk spikes while BTC holds $80K — Cointelegraph

BITCOIN
7 major Bitcoin mining pools join Stratum V2, working group — Cointelegraph

CONFLICT
Putin suggests Russia’s war on Ukraine ‘coming to an end’ — Al Jazeera

CONFLICT
Iran war live: IRGC warns US against attacks on ships; Israel bombs Lebanon — Al Jazeera

ECONOMY
Cameco Sees As Many As 20 AP1000 Nuclear Reactors On The Horizon — ZeroHedge

ECONOMY
From Civilian To Military Economy: This Is What A Declining Empire's Economy Looks Like — ZeroHedge

Sources (34)

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