Sunday, the U.S. bombed Iran's Larak Island First strike in a month Oil jumped right after BTC dropped below 78 today $400M in leveraged long positions liquidated in a single day Market maker Wintermute dumped 5,100 BTC on Binance over two days Last week’s rally was intense—I said it was propped up by borrowed money Today, the bill came due The biggest buyer, Strategy, didn’t buy a single coin this round Instead, they sold $2B in stocks and hoarded cash With oil spiking like this, inflation expectations are rising again, and the dream of rate cuts gets pushed further back I’m staying in cash Let’s see how they settle this week’s accounts