Hormuz blockade tightens as Bitcoin sees fresh exchange inflows.

Bitcoin sells into exchange wallets again today while Hormuz traffic stays choked and Brent climbs past recent levels. Holders near breakeven face fresh incentive to exit on any further dip, and the modest net inflows already visible tighten the float available for any recovery. Higher energy costs from the strait standoff feed inflation pressure that the Fed has no room to ignore, yet risk assets show no immediate repricing. The tension between sustained geopolitical supply shocks and contained monetary conditions leaves open whether this distribution marks the start of deeper liquidation or just another pause.