Bitcoin falls below $63,000 as markets give Hormuz traffic just 3% chance to normalize by August

- Bitcoin’s “digital gold” narrative just got liquidated. $252.9 million in leveraged longs got swept away as geopolitical theater pushed oil up and yields higher. The Strait of Hormuz? Polymarket gives it a 3% chance of normalizing by August. Nice odds for a chokepoint that controls 20% of global crude. Bitcoin slid below $63,000, proving it’s still just a risk-on asset when the Fed looks like it might tighten instead of cut. Moonboys screaming about inflation hedges can go back to sleep; this is a meat wallet event driven by bond yields and military strikes. If you’re holding leverage during a Middle East standoff, you’re not an investor—you’re a donation to the exchange. Stay liquid or get rekt.