Oil prices drive inflation; the core issue is not monetary expansion but the depreciation of purchasing power.

Oil is a fundamental raw material worldwide; when oil prices rise, costs for production, logistics, and the entire industry chain increase, ultimately leading to higher prices for all consumer goods, paid for by the public.

With inflation remaining high, the Federal Reserve has no room to cut interest rates.
Market liquidity tightens, making it difficult for funds to flow out, and Bitcoin naturally lacks upward momentum.

Additionally, the Chinese Ministry of Foreign Affairs has advised to postpone travel to Iran, indirectly indicating that the situation in the Middle East remains tense, with the risk of US-Iran conflict continuing to escalate.
If regional conflicts do not cool down, oil prices will stay firm, making it difficult for inflation to fall back, and the Federal Reserve may even consider raising interest rates again.

Summary:
Until the US-Iran situation eases, it is not advisable to blindly go long on the crypto market; currently, it’s more rational to adopt a bearish stance and exercise caution. $BTC $ETH $SOL