Bitcoin clawed back most of its daily losses after tapping 62400 and now sits above 64000 again. 🖤 The rebound feels extra intriguing after those gloomy risk asset headlines dropped.
The first flagged rising threats on the US Israel Iran front while the second zeroed in on ballooning US margin debt.
Key Warning Signs 🌑
Tensions in the Middle East flared weeks ago once the US and Iran shattered their ceasefire with new strikes. 🦇 Silence on any peace talks has lingered since. Fresh details emerged on Trump’s attack approach and Axios broke down the next moves in their report here.
The administration signaled dozens more refueling planes heading to Israel ahead of a possible massive offense against Iran. 💀 Potential targets include vital infrastructure such as power plants and nuclear facilities.
The order for escalation looks set to land in coming days. Oil prices jumped over 20 percent since the conflict reignited 🔮
Separately margin debt climbed another 86 billion in June to a fresh record of 1.5 trillion marking the third straight monthly rise.
Analysts noted investors have never been this leveraged with the total now near 1.4 percent of the S&P market cap close to the 2018 high and well past the 2000 bubble level.
Bitcoin Fights Back 🕸️
Bitcoin tends to slide on similar escalations yet the last few hours flipped the script with a quick recovery from the 62400 low adding nearly 2000. 📉 It still sits under the recent 65600 peak after June CPI. The market remains fragile and prolonged Middle East flare ups probably won’t deliver lasting upside.
Just another echo from the void by iconofsin.eth 💖
