π Key Insights: Oil Spikes as Bitcoin Holds (27 July 2026)
Bitcoin shrugged off an oil-driven inflation scare that sent Treasury yields to one-year highs, while mega-cap AI stocks took the damage.
β’ Brent crude spiked above $100 on Hormuz/Red Sea tensions before easing to ~$92; the 10-year yield hit 4.69%, lifting October Fed hike odds to ~70%
β’ BTC rose +2.13% to $65,333 on continued ETF inflows even as the Nasdaq-100 fell -1.63%
β’ Bitcoin's marginal bid shifted from spot ETFs to the perp market β BTC open interest +1.8% to $51.1B, ETH open interest hit a record $28.65B
β’ Robinhood Chain overtook Base in daily active addresses within a month of launch, though its DeFi TVL ($338M) still trails Base's $4.61B by roughly 10x
β’ This week's July 28β29 FOMC meeting is the key test for whether crypto is decoupling from equity risk
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