Institutional desks are watching the Strait of Hormuz right now. Not RSI. Not MACD. Shipping lanes.

With Trump's 48-hour Iran ultimatum in play and ceasefire odds below 1%, the Straight is the most important indicator in crypto.

Energy disruption puts pressure on the dollar. Dollar pressure makes a fixed-supply asset with no central bank look very attractive. Bitcoin does not care about borders or settlement windows.

What makes this week interesting is the setup at $67,000. Miners are selling in size. MARA and Riot have offloaded over $1.3 billion combined recently to cover operational costs. On the other side, Schwab is prepping spot BTC trading for $12 trillion in client assets and the ETF bid is absorbing more supply than the network is producing.

Neither side is flinching. Something has to give.

If $67,000 breaks, the Ethereum liquidation maps below $2,000 make this a much bigger story than just BTC.

Full breakdown here: https://bigcoinreport.com/analysis/bitcoin-price-strait-of-hormuz-macro-2026