According to Edward Dowd on Twitter, oil price shocks typically cause short-term inflation but lead to medium-term deflation by suppressing consumer demand. Dowd points to the 2008 crisis, where oil surged from $90 to $147 in seven months before a sharp reversal. For crypto traders, understanding the delta in oil prices is crucial since rapid swings can impact risk sentiment and liquidity flows in markets like BTC and ETH, as observed during the 2008 real estate crisis (source: @DowdEdward, June 19, 2025).