d0c 0xBut what does that mean for avax
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Show me the chart I'll tell you the news.
@cryptobullet
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OIL FLOWS ARE COMING BACK.
Persian Gulf crude exports just climbed back above 14M barrels per day — roughly 80% of pre-war levels and more than +210% off the March low.
The Strait of Hormuz is functioning again, at least enough for crude convoys to move through under a two-way shipping corridor.
But the recovery isn’t complete.
Refined fuels like diesel, gasoline and jet fuel are still running at only around 50% of pre-war levels, with damaged refineries and higher transport costs keeping pressure on the system.
So the setup is pretty clear:
Crude is recovering.
Fuel is still tight.
Energy markets are not normal yet.
And as long as that gap remains, inflation and transportation costs stay in the conversation.
Show me the chart, I’ll tell you the news.
👁
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The largest concentration of liquidations for Bitcoin is centered around the $90,000 level, according to Glassnode. If the price approaches this threshold, traders with leveraged short positions are likely to be forced to exit. In addition, smaller accumulation zones have appeared around $83,000 and $75,000 over the past two months, each of which could potentially trigger notable market movements.
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