🐻Oil is draining liquidity from crypto
Last night, when trading opened, oil soared by 20% — the highest since summer 2022. Against this backdrop, gasoline in the US may double in price, which will lead to a collapse of the Republicans in the autumn elections.
The sharp rise from 90 to 115 $$ led to FOMO and the transfer of liquidity from other assets such as precious metals, stocks, and crypto:
🔴Gold fell nearly 3% last night
🔴Silver dropped by 5.6%
🔴S&P500 lost 2.3% in value
🔴BTC briefly fell to $65.5k
🔴ETH touched $1900
Just yesterday, Donnie promised that oil would rise slowly and then sharply collapse, but just a few hours later everything turned out to be the opposite😅