Bitcoin rangebound as Hormuz impasse lifts oil, stalls risk momentum.

Bitcoin price lingers above $81,000 with exchange outflows nearing 2,000 BTC yesterday, capping downside as holders self-custody amid neutral sentiment at 48.^[1][2] Hashrate stalls around 1000 EH/s while miners capitulate on low hashprice, thinning network security even as Lightning capacity tops 2,900 BTC with expanding channels.^[3] Iran-Trump talks deadlock over Hormuz control sustains Brent above $100, importing inflation that forces tighter policy and erodes risk assets like Bitcoin without drawing capital flight inflows.^[4] Traders ignore how stagnant volume and absent leverage expose Bitcoin to oil-shock recessions, where HODLing fails against forced liquidations. Miner exodus accelerates if price dips below $78,000 cost basis. Will Hormuz reopen before yields spike past 4.5 percent and crush the range?^[5]