Binance Research: Crude oil prices may have peaked, risk premium may gradually dissipate BlockBeats News: On March 9th, Binance Research posted on social media that Brent crude oil has fully priced the risk of long-term closure of the Strait of Hormuz around $110. Despite ongoing geopolitical conflicts, multiple policies and market mechanisms have not yet been fully implemented, limiting the potential for further upward movement in oil prices, with range fluctuations being the main trend in the near future. If oil prices remain range bound, the narrative of "stagflation" that relies on rising oil prices will weaken, which may alleviate the macro pressure faced by risky assets including cryptocurrencies. With selling pressure hitting bottom, the cryptocurrency market is expected to stabilize or rebound.