Bitcoin Surges to $81,100 Amid Oil Crisis

Bitcoin reached $81,100, gaining 6% in a day. Short positions worth $250 million were liquidated within four hours.

The asset's rise is driven not by the crypto industry, but by the oil crisis and macroeconomic factors.

The International Energy Agency warned of the need to close the supply-demand gap through forced fuel conservation. In August, 7.6 million barrels per day passed through the Strait of Hormuz, which is 13.1 million barrels less than pre-conflict levels between the US and Iran.

• Commercial oil stocks are declining
• In March, the agency released 400 million barrels from reserves
• WTI price fluctuates around $98 per barrel

Amid instability, yields on 30-year US Treasury bonds rose to 5.34%, increasing by 90 basis points. Investors demand higher premiums for long-term holdings, stimulating capital inflow into Bitcoin as a hedge asset.

Analysts identify $82,000 as the moment of truth: a breakout would pave the way for a bull market, while a drop below would mark the second consecutive failed growth attempt since May.

The average purchase price for corporate treasuries stands at $80,500, so the current rate is near the break-even point for major players.