[Analysis: Concerns in the crypto community about Iran cutting off oil supplies and disrupting the market may be exaggerated] According to CoinDesk, although many on social media are worried that Iran might block the Strait of Hormuz to disrupt oil supplies, some experts believe these concerns may be overstated. The strait is a critical passage for approximately 20% of global oil transportation. Some argue that in the event of a direct conflict, oil prices could surge to $120 to $150, triggering inflationary shocks and market sell-offs. This conflict has heightened tensions in the crypto market, which is the only market where investors can express fear and risk sentiment during the weekend when traditional markets are closed. However, some observers point out that a complete blockade of the strait is not in Iran's interest and is geographically unfeasible. Economist Daniel Lacalle stated that Iran currently produces 3.3 million barrels of oil per day, and blocking the strait would be tantamount to 'cutting off its own lifeline.' Furthermore, the shipping lanes of the strait are primarily located in Omani waters rather than Iranian waters, as the Iranian side is too shallow for large oil tankers to pass through. Energy market expert Dr. Anas Alhajji noted that despite multiple wars, the Strait of Hormuz has never been fully blocked because it is too wide and well-protected, making it practically impossible to seal off. Overall, the likelihood of Iran blocking the strait and cutting off oil supplies is low. However, a full-scale war could still trigger widespread risk aversion, potentially pushing Bitcoin below the critical support level of $60,000.