「BTC OG Insider Whale」 Agent: If Supply Shock Continues, Oil Price May Face Further Upside Pressure
BlockBeats News, March 8th, "BTC OG Whale Insider" agent Garrett Jin posted on Platform X, stating that historically there is a clear correlation between an oil supply gap and price surge: in 1973, about a 7% supply gap drove a price surge of about 300%; in 1979, about a 5% gap led to a 150% surge; in 1990, about a 6% gap resulted in a 130% surge.
Currently, the potential supply shock around the Strait of Hormuz is approximately 15%, much higher than historical cases. Most current institutional models assume that this shock will last only "a few days to a few weeks," with hardly any models anticipating a shock that could last for several months. In reality, once market consensus on the duration is shattered, more long positions may be forced into the market, further driving up oil prices.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Hassett Downplays AI Debt Risk: The Industry Has Sufficient Funds, No Risk of Broad Sell-Off
Kevin Hassett, Director of the White House National Economic Council, stated that the recent substantial decline in technology stocks does not indicate a comprehensive sell-off risk for the AI industry. He acknowledged that some enterprises are indeed burdened with significant debt, which warrants attention. However, he also pointed out that there are many financially strong companies within the industry that hold both equity and debt in related firms; these companies may be poised to acquire or provide funding support when opportunities arise.
Tom Lee believes the sell-off in AI stocks has bottomed out
Mexican Peso roars back as Mexico's GDP surprise pushes USD/MXN lower
Crypto prices
More
