Bitcoin breaks support as oil spikes tighten liquidity

The Lead

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?

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The Wire

BITCOIN
Bitcoin plunges below $66,000 as global stocks, AI trades hit fresh records — CoinDesk

BITCOIN
Democrats Sanders and Warren Push Labor Department to Abandon Bitcoin 401(k) Rule — BTC Magazine

CONFLICT
US and Iran launch new strikes as ceasefire negotiations stalled — BBC World

CONFLICT
US says it attacked Iran’s Qeshm Island; Tehran targets Kuwait, Bahrain — Al Jazeera

ECONOMY
The S&P 500 climbs for a 9th straight day — but the ‘breadth paradox’ is sending a rare warning — MarketWatch

DISASTER
Watch: Man attacked by bear at steel works in Japan — BBC World

Sources (25)

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