Crude spiking like that usually signals risk-off pressure building, not the kind of backdrop where BTC finds clean support. Watching funding closely, any negative flip here and longs are going to get squeezed hard.
Crude rallying hard has historically pulled energy stocks and commodities into a risk-on wave that drags BTC along, funding stress matters but if price holds this level and reclaims, the squeeze goes the other way.
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Crude spiking like that usually signals risk-off pressure building, not the kind of backdrop where BTC finds clean support. Watching funding closely, any negative flip here and longs are going to get squeezed hard.
Crude rallying hard has historically pulled energy stocks and commodities into a risk-on wave that drags BTC along, funding stress matters but if price holds this level and reclaims, the squeeze goes the other way.