Last year this time, Bitcoin had just bottomed out locally after the tariff drama. It went on to see a big streak of green weeks.
In terms of seasonality, Q2 is generally decent for Bitcoin but isn't its best quarter. Especially towards the end of the quarter, as Summer is approaching, we tend to see low volumes and little action because of this time period. $BTC #US-IranTalksFailToReachAgreement #HighestCPISince2022 #freedomofmoney
$BTC had a good closing last week, and this week it has directly tapped into the key resistance again. Price is now rejecting the area and remains stuck within the consolidation range. We need to wait for the market to do something clear. Month-end has a ton of news events, for which price can start anticipating now.
JUST IN: 🇮🇷🇺🇸 Two oil supertankers crossing the Strait of Hormuz make sudden U-turn after US-Iran talks collapse. $CL #US-IranTalksFailToReachAgreement
JUST IN: NEGOTIATIONS FAILED DUE TO NUCLEAR MATERIAL & STRAIT OF HORMUZ ACCORDING TO IRANIAN SOURCES
“The American side is demanding that Iran reopen the Strait of Hormuz and hand over enriched materials.
The Americans demanded in the negotiations everything they failed to achieve through war.
Iran did not accept the excessive conditions put forward by the American side regarding the Strait of Hormuz, peaceful nuclear energy, and several other issues.”
COMEX inflows are adding supply relief to U.S. warehouses. The May July contango is widening as futures price in normal carry costs. Real yields just hit their 2026 highs, pushing opportunity cost pressure onto metals.
But here's the other side. London's 1 month lease rate just flipped negative again. That tells you physical metal is tight, and squeeze risk is real. Shanghai inflows confirm demand from China isn't slowing down.