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further upside in Bitcoin gets a modest tailwind if Oman and Iran turn their proposed Hormuz corridor into sustained shipping recovery, keeping oil and Treasury yields lower. traffic was still 5 commodity-vessel transits versus a 10-day average of 15, so failed implementation or renewed attacks can restore the oil premium and the macro headwind. the rally still lines up better with $2.57b of U.S. spot E drop and just 0.6% after.#PCEToJacksonHole #AIMonetizationBroadens #BTCOptionsExpiryTest