Critical Oil Chokepoint Emerges as Bitcoin's Weekend Wildcard

Bitcoin's resilience faces its sternest test this weekend as analysts warn a potential closure of the Strait of Hormuz could trigger cascading effects across risk assets. The narrow waterway handles 【20%】 of global oil shipments, making it a geopolitical flashpoint amid escalating Middle East tensions.

Oil Shock Scenario Could Crush Crypto Sentiment

Coin Bureau's Nic Puckrin identifies the maritime bottleneck as Bitcoin's primary vulnerability: "A blockade would send oil prices skyrocketing while risk assets plummet. Crypto markets, operating 24/7, would absorb the initial shock before traditional markets reopen." The warning comes as BTC holds steady at $64,000 despite recent Israeli airstrikes in Iran.

Long-Term Holders Defy Short-Term Uncertainty

——Accumulation addresses received 30,784 BTC ($3.3B) on June 11—— marking 2025's largest daily inflow according to CryptoQuant. These veteran wallets now control 2.91 million BTC purchased at average prices near current levels, suggesting institutional confidence outweighs geopolitical jitters.

Dollar Weakness Offsets Geopolitical Risks

While short-term volatility looms, analysts note Bitcoin's macro trajectory remains tied to the US dollar's three-year lows. The inverse correlation positions BTC as a hedge against currency devaluation, potentially mitigating Middle East-induced selloffs.

Market Watchers Brace for Weekend Volatility

Trading desks are monitoring maritime traffic through the 21-mile wide strait, where 【17 million barrels】 of oil transit daily. Any disruption could create a perfect storm for crypto markets—combining energy inflation fears with traditional market closures during critical developments.