Macro· ★★★· bearish·

CryptoQuant: Oil above $100 caps fresh capital inflows into bitcoin

  • —Brent trades above $100 a barrel amid Persian Gulf tensions
  • —Rising oil lifts costs and inflation pressure in the US economy
  • —Historically, sustained oil gains above the annual average coincided with slower bitcoin growth
  • —Reallocation of existing capital could still support BTC without fresh inflows
Why it matters: Expensive oil curbs liquidity and new money entering crypto, adding pressure on bitcoin near $80,000.
#BTC
Source: Bits.media
More on this
Markets · Oct 21
CryptoQuant CEO says fresh capital is entering Bitcoin, a pattern seen only in bull markets
 Markets · Oct 7
Glassnode: New capital inflows into Bitcoin covered less than 40% of market cap growth
 Markets · Oct 10
Glassnode: Bitcoin's Jump Above $85,000 Came on Thin Volume and No Fresh Capital