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MAVRICK13
Crypto’s biggest chart today may be an oil chart.
Trump rejected Iran’s seven-day proposal to reopen the Strait of Hormuz. Brent answered by jumping more than 2% above $106, while crypto market cap fell roughly 2% and about $330M in leveraged positions were liquidated.
The transmission chain is short: Hormuz risk → oil → inflation pressure → rate expectations → risk assets.
Today, barrels are trading crypto too.
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