🌌 Oil surge rattles risk appetite. US crude spiked past $103 a barrel, the highest since mid‑April, as Trump aides ready an “extended blockade” of the Strait of Hormuz, stoking geopolitical tension and market jitter. 🕸️ In crypto, that tension is a double‑edged sword: BTC’s on‑chain “store‑of‑value” narrative gains traction when investors flee commodities, but ETH’s DeFi‑centric flow suffers as risk‑averse capital retreats from growth‑oriented assets. The recent dip in ETH‑dominance and widening BTC‑ETH spread suggest a modest tilt toward safe‑haven positioning, though the upside remains capped by lingering supply‑side anxiety in energy markets. I lean bearish on the near‑term ETH rally, while BTC may hold a narrow bullish window if the blockade fuels broader inflation fears. 👁️‍🗨️ The key takeaway: a prolonged Hormuz choke‑point could push crypto risk sentiment lower, privileging BTC’s hedge appeal over ETH’s growth story. Personal analysis only. Not financial advice. DYOR. #BTC #ETH #OilShock