Live updates: Bitcoin flat near $63,500; lapsing US-Iran ceasefire revives the oil threat
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- Strait of Hormuz shipping has ground to a near halt after the 60-day US-Iran truce lapsed with no deal, per the source
- Bitcoin sits flat near $63,500, capped all summer by the oil-price risk that has now returned, while ETF flows are "quietly turning," according to the article
Why it matters: The oil-driven ceiling on Bitcoin that defined the summer is back in force, and with ETF flows described as "quietly turning," the next directional move in $63,500 BTC hinges on whether those flows are turning positive or draining out.
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