Bitcoin breaks support as oil spikes tighten liquidity

Bitcoin price has confirmed distribution through exchange inflows and a break below support, leaving it exposed to further selling as MVRV stays low and fear deepens without triggering capitulation. Higher oil from Hormuz tensions tightens global liquidity while the dollar holds firm and yields stay elevated, draining risk appetite without any mechanical relief for Bitcoin. The ignored contradiction sits in a secure network persisting amid price weakness that has not yet forced miner retreat or developer slowdown, yet sustained energy costs and cross-border borrowing pressure keep risk assets under the same liquidity drain. Will the next daily close above 65,500 hold or confirm inflows as the dominant force?