Exchange inflows continue as Gulf tensions hold energy prices elevated

The Lead

Bitcoin sits near 73,500 with persistent exchange inflows and MVRV near 1.36, showing holders hold thin profit cushions amid distribution pressure that keeps price from breaking higher. The ignored contradiction is that geopolitical escalation in the Gulf sustains higher energy prices and sanctions friction while the dollar and yields remain firm, yet Bitcoin registers no meaningful response beyond contained volatility. This setup leaves open whether sustained inflows above several thousand BTC will force price lower or whether the network's steady hashrate simply absorbs supply without consequence.

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The Wire

BITCOIN
Bitcoin’s major holders halt buys as demand slows: CryptoQuant — Cointelegraph

BITCOIN
Bitcoin’s trapped under $74K while $9B options expiry looms: Are bears back in control? — Cointelegraph

CONFLICT
Netanyahu orders Israeli army to seize 70 percent of Gaza — Al Jazeera

CONFLICT
The Iran war costs more than you think — it boosts inflation and threatens stocks — MarketWatch

ECONOMY
The ECB is in a bind over rate hikes — the private sector could be doing the bank's job for it — CNBC

ECONOMY
"Approaching Unheard Of Inventory Levels": Exxon, Chevron Issue Apocalyptic Warning About What Happens Next To Oil — ZeroHedge

Sources (21)

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