Attention bitcoin traders. These indicators matter more than what Trump says about Iran
Bitcoin traders are overly focused on Trump's statements about Iran, while key indicators like oil reserves and shipping data suggest a more cautious outlook.Summary
Bitcoin and risk assets have been reacting to President Trump’s inconsistent statements regarding Iran, creating market volatility. However, analysts suggest traders should prioritize more reliable indicators. The depletion of strategic oil reserves in mid-April poses a significant risk, potentially doubling the oil supply deficit if supplies aren’t restored. Rising ship insurance premiums through the Strait of Hormuz, currently at 7.5% per trip, indicate continued danger, and tanker traffic remains drastically reduced compared to pre-conflict levels. These factors suggest a negative outlook for risk assets, including Bitcoin, regardless of Trump’s rhetoric. Focusing on these concrete indicators provides a clearer picture than relying on political statements.
(Source：CoinDesk)