Hormuz tensions tighten yields as Bitcoin holds quiet range

The Lead

Bitcoin sits in a narrow range with limited leverage and modest unrealized gains, yet energy supply risks through the Strait of Hormuz are already embedded in firmer yields and a stronger dollar that tighten conditions for all risk assets. The ignored tension lies in elevated exchange balances that could flood back into circulation if geopolitical friction escalates oil prices further without triggering any automatic rotation into Bitcoin. What happens to liquidity if sustained Hormuz disruption pushes the 10-year yield above 4.6 percent while Bitcoin remains range-bound?

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The Wire

BITCOIN
Strategy’s Bitcoin sale may give BTC a ‘durable bottom,’ Grayscale says — Cointelegraph

BITCOIN
Bitcoin bulls shake off Strategy's $216M BTC sale as price overtakes $64K — Cointelegraph

ECONOMY
BONK faces $20 million treasury drain after attacker spends $4 million to pass malicious proposal — CoinDesk

CONFLICT
Tanker set ablaze after being struck by projectile in the Strait of Hormuz — NPR World

CONFLICT
Zelensky to press Nato for air defence systems after intense Russian strikes — BBC World

ECONOMY
"Reaching A Climax": Hedge Funds Turn Most Bearish On Yen Since 2007, As Former FX Czar Sees 20% Undervaluation — ZeroHedge

Sources (54)

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