Warsh withholds rate signal as Hormuz attacks lift Brent above $105

Warsh's refusal to signal rate cuts locks higher-for-longer policy in place while global central banks tighten together. Oil supply shocks from Hormuz attacks add another layer of persistent dollar pressure that Bitcoin has not yet priced in. Exchange inflows of thousands of BTC daily sit alongside a market still nursing leveraged long liquidations from yesterday, a combination that usually precedes further spot selling rather than rebound conviction. The ignored tension is the gap between visible energy-price stress and the assumption that risk assets will simply absorb it without fresh liquidity. Whether whale distribution accelerates once the $80,000–$81,000 shelf is tested again remains the open variable.