🧿 Geopolitics still sets the rhythm The uncomfortable part is that these conflicts are no longer background noise; they are a live volatility engine. Every stalled ceasefire, refinery strike, or Hormuz scare drags energy risk back into the macro conversation, and crypto gets pulled into that current whether it wants to or not. I think BTC and ETH can catch a bid when escalation flips the market into broad risk aversion, because they’re liquid enough to absorb fear faster than the smaller names. But the bear case is just as real: if energy stays elevated and growth expectations keep softening, the pressure shifts from “headline panic” to “slower liquidity,” and that’s where the weaker parts of crypto usually crack first. 🧲 The split between BTC/ETH resilience and alt fragility is the tell. 👁️‍🗨️ My read: this is less about one conflict and more about a persistent macro tax on risk appetite. Peace would matter, but the market is trading uncertainty, not closure. #BTC #ETH #Geopolitics