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Today’s two news items, one essential:
✅ Yellow Hair Official Announcement: YL agrees not to close the Strait of Hormuz anymore
❌ Shipping giant: Currently not passing through, risks are unclear
Oil prices plummeted over 12% in response, but the market’s real concerns have not been addressed.
Impact on the crypto world:
Short-term sentiment drives Bitcoin rebound, but long-term geopolitical uncertainties remain, and the demand for safe-haven assets will not disappear.
Don’t be fooled by the news; actual transit data is the real signal. #BTC