UAE just said PEACE OUT to OPEC+ effective THIS FRIDAY.


Third biggest oil producer walking away after 59 years. No more quotas. Full send on production.
short-term
Oil still pumping hard (WTI ~$98, Brent ~$105+) cuz Iran war + Hormuz chaos is the real thing rn. BTC dipped 2% with the rest of risk assets.
mid-term
UAE about to flood the market with extra barrels (they’ve got spare capacity sitting there). OPEC+ fractures = weaker cartel = oil prices cooling off. Lower energy costs = less inflation fear = Fed stays dovish = RISK-ON SEASON FOR CRYPTO
this is the macro tailwind BTC/ETH love. Cheaper oil = higher margins everywhere = more money flowing into digital world
watch oil closely this week
#UAE #OPEC #BTC #OIL
BTC0.49%
ETH1.82%
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