ETH and BTC Are Catching a Bid While the World Argues Over a Strait Nobody Can Spell

While diplomats argue over who controls the Strait of Hormuz and Iran fires on tankers less than 24 hours after Trump declares it open (per the Jeremiah Babe breakdown that, honestly, aged better than most Bloomberg takes), crypto is doing something quietly wild: not panicking. $BTC is grinding toward a reclaim of $80,524.65 — a level TheChartGuys flagged as the first real confirmation that buyers are in charge — with notably weak selling pressure at key structural levels.

The macro backdrop should be terrifying for risk assets: Brent crude hovering near $90/barrel, frozen Iranian assets worth $20 billion on the negotiating table, and a Pentagon budget that just hit $1.5 trillion. And yet here's Bitcoin, quietly posting higher lows like it didn't get the memo. Reddit's crypto communities are buzzing around this divergence — geopolitical chaos historically juice safe-haven narratives, and BTC is increasingly auditioning for that role.

If sellers couldn't defend the structure during peak Hormuz panic, they're probably not showing up to the party now — and that's the most bullish thing crypto sentiment has to say this week.