Hormuz tanker claims hit oil supply as Bitcoin volume stays muted

Bitcoin price sits compressed near 64,700 dollars with thin flows and MVRV at 1.23, yet the Hormuz escalation now directly lifts Brent above 81 dollars and widens shipping premia on one-fifth of global oil trade. This energy pressure arrives against a macro backdrop of contained dollar liquidity and steady yields, leaving Bitcoin with no fresh capital flight or sanctions test to exploit. The overlooked contradiction is that miners and Lightning operators hold infrastructure steady even as price action shows no conviction to reward that stability. The hard question is whether sustained oil volatility will eventually force dollar liquidity responses that reach Bitcoin or simply stay bottled in energy markets.