According to Mihir (@RhythmicAnalyst), crude oil is approaching a breakout level after a strong rebound from the S2 support. If the upward momentum continues, it is expected to be inflationary, which could result in higher input costs across global markets. This inflationary pressure typically impacts financial markets, including cryptocurrencies like BTC and ETH, with a time lag as older inventories are replaced by higher-priced oil. Traders should monitor crude oil price movements closely, as rising energy costs often correlate with increased volatility and risk-off sentiment in both traditional and crypto markets. Source: Mihir (@RhythmicAnalyst) on Twitter, June 23, 2025.

According to Omkar Godbole (@godbole17), the United States Oil Fund (USO), which tracks light sweet crude oil prices, is concluding a five-year consolidation phase. Technical analysis suggests that this prolonged sideways movement could soon end with a significant breakout, potentially impacting energy-related equities and cryptocurrency sectors sensitive to commodity price shifts. Traders should monitor USO closely for breakout confirmation, as a sharp move in oil prices may influence risk appetite and liquidity flows in the crypto market. Source: Twitter/@godbole17.