Key Takeaways:
Bitcoin slid to $76,000 on May 18 following rising geopolitical tensions between the U.S. and Iran.The drop triggered $722 million in crypto long liquidations as Iran reportedly unveiled Hormuz Safe.Yellow Capital’s CEO notes BTC’s recovery depends on macro liquidity conditions rather than crypto news.The platform reportedly issues fast, cryptographically verifiable insurance policies for maritime cargo passing through the Persian Gulf, the Strait of Hormuz and surrounding waterways. While this would be consistent with Iran’s growing desire to gain recognition over the strait, there has been no official confirmation by Iran’s leadership. However, if true, the move would give hawks in Washington another reason to justify resuming the bombing campaign.
“When a geopolitical shock hits and you’re suddenly dealing with oil, yields and dollar pressure all at once, desks first look at collateral pressure, margin usage and where they can reduce exposure quickly,” Martin said.
