US-Iran energy relief meets persistent dollar strength and miner difficulty reset

Bitcoin sits near $66,000 with steady exchange outflows and an MVRV at 1.24, yet the US-Iran deal has already eased energy supply risks and removed one driver of broad risk-off pressure. Higher European rates and a stable dollar now tighten conditions further while gold slips and equity volatility stays contained. The ignored contradiction is that miners face a post-halving difficulty drop without renewed conviction in network growth, and macro policy hardens exactly when liquidity stress shows no sign of relief. This leaves holders waiting on whether sustained inflows above 5,000 BTC daily appear before the next FOMC.