Syz the moment

The BTC vs NDX gap is the widest we have seen in a very long time. Source: TME

BTC is pushing higher. The long-standing downtrend line has broken, and price is now trading well above the 100-day by a margin not seen in a long time. A clean close here or higher, and things could get very squeezy for a largely forgotten BTC. Source: TME, LSEG

BTC has been trapped in a multi-month range, but is now testing a key inflection: the major downtrend line and the 100-day moving average. A decisive break above ~$75k opens the door for a squeeze, with little resistance until the 200-day near ~$87k. Source: TME

as it seeks to retain control over passage through the key waterway during the two-week ceasefire. Hamid Hosseini, a spokesperson for Iran’s Oil, Gas and Petrochemical Products Exporters’ Union, told the FT on Wednesday that Iran wanted to collect tolling fees from any tanker passing and to assess each ship. He said that the tariff is $1 per barrel of hashtag#oil, adding that empty tankers can pass freely. “Once the email arrives and Iran completes its assessment, vessels are given a few seconds to pay in hashtag#bitcoin, ensuring they can’t be traced or confiscated due to sanctions,” Hosseini added. So why does Iran want to be paid in hashtag#bitcoin? Bacause: - It is portable - It is divisible - It can be trusted - It is economically & politically neutral - It has immutable monetary policy - It has perfect property rights But also because it preserves long-term purchasing power from finite energy exports. Indeed, storing oil revenues in traditional assets like US Treasury bonds can erode value over time, especially as energy prices rise faster than returns. Historical examples suggest Iran would struggle to repurchase the same oil it once sold. In contrast, assets like gold—and more recently Bitcoin—have better preserved or increased purchasing power relative to energy. Bitcoin, in particular, has dramatically outperformed oil prices since 2013. The conclusion is that commodity exporters may increasingly shift reserves into assets like gold and crypto to avoid losing value.

ONLY 1,000,000 BITCOIN LEFT TO MINE FOR THE NEXT 114 YEARS 🤯 Source: Vivek

Source: zerohedge

If yes, current rebound could be a bull trap with the bottom still way lower than current level. Let see if history repeats Source: Leviathan @TechLeviathan on X

Source: zerohedge. Bloomberg