WTI returns to $101, and the cost of the Iran war rises to $29 billion.


BTC is trading sideways at 80,235, SPY down 0.7%, Q down 1.6%.
Macro is burning, but BTC hasn't collapsed.
What kind of hypnotic potion is the market pouring?
BTC weekly chart remains bullish above the 200 EMA, but the daily chart shows a death cross.
4H/1H are all bearish, only the 15-minute is struggling with a rebound.
Funding rate is 0.0052%, leaning bullish but not extreme.
Holdings are 103,776 BTC, both sides are hesitant to move.
This is neither a bull market nor a bear market.
It's a 80K long-short meat grinder.
On the other side, US tech stocks are being sold off—NVDA sideways, AMD down 4%, INTC down 6%, but IONQ defies the trend with a 9% rise.
Oil prices determine the liquidity tone for Q3.
Keep an eye on WTI.
BTC-1.57%
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