Iran conflict disrupts oil supply, Strait of Hormuz closure impacts markets

What To Watch

• 1.BTC $68,000 — A sustained break below this key support level, especially on high volume, would confirm a bearish divergence from traditional markets reacting to geopolitical stress, signaling potential capitulation towards $60,000.
• 2.Stablecoin Dominance (USDT/USDC) — An increase above 10% in stablecoin dominance on exchanges would signal a flight to safety and de-risking by market participants, indicating a potential capital outflow from risk assets like crypto.
• 3.Escalation of Middle East conflict to involve major oil producers beyond Iran — This would trigger a global energy crisis, leading to sustained high inflation, aggressive central bank rate hikes, and a severe reduction in risk appetite across all financial markets, including crypto.