Woofun AI reports that Bitcoin has stabilized near the $60,000 threshold, displaying unexpected price resilience even as escalating military conflicts between the US and Iran disrupt global energy supply chains.

The digital asset traded close to $63,000 on Thursday, successfully defending the $60,000 support level that market participants have closely monitored since the significant selloff experienced last month. This price action occurred despite heightened geopolitical tensions, as renewed US strikes on Iranian targets and retaliatory measures by Tehran increased the probability of broader disruptions to energy flows originating from the Persian Gulf region.

The military escalation intensified after Washington conducted strikes on Iranian targets for a second consecutive day, citing attacks on commercial vessels navigating the Strait of Hormuz. Iranian media outlets reported explosions along the country’s southern coast, confirming that strikes had impacted Iranian-controlled islands in the Gulf. According to Iran’s health ministry, 14 people were killed over the past two nights, underscoring the lethal intensity of the renewed hostilities.

Energy markets reacted swiftly to the geopolitical deterioration. Brent crude settled 5.2% higher on Wednesday at $78.02 a barrel, marking its highest closing price since June 19, after briefly surpassing $80 during the trading session. US crude prices also rose, while equity markets showed mixed performance and bond yields reflected growing investor concern that elevated energy costs could sustain inflationary pressures.

Woofun AI data shows that supply chain vulnerabilities became evident as shipping traffic through critical chokepoints slowed dramatically. Data indicates that only 14 commodity vessels crossed the Strait on Wednesday, a stark contrast to the average of 34 daily tanker crossings recorded in the three weeks following the ceasefire. This reduction in traffic highlights the persistent risk to global logistics, even without a formal closure of the waterway.

The disruption serves as a reminder that the Strait of Hormuz never fully reopened to pre-conflict normalcy, suggesting that the recent removal of geopolitical risk premiums may have been premature. Shipowners are increasingly avoiding the route, insurers are raising costs, and buyers are seeking alternative cargoes while the threat of further attacks remains elevated. This dynamic tightens energy markets and introduces volatility into global supply chains.

Macroeconomic implications for risk assets are becoming increasingly negative. Higher crude prices feed into inflation expectations, lift bond yields, and reduce the likelihood of easier monetary policy, all of which tend to weigh heavily on speculative assets.

Additionally, Russia’s diesel export ban has added further pressure to global fuel markets, creating a less favorable environment for risk-on investments. Elevated energy prices raise transportation and production costs, strain consumer budgets, and complicate policymakers’ efforts to justify monetary easing.

Bitcoin’s structural vulnerabilities are exposed in this environment. The asset is attempting to rebuild demand after a difficult June, characterized by weaker fund demand, rising exchange supply, and tighter liquidity conditions. Although BTC has remained above the $60,000 level, its price remains closely tied to liquidity positioning and expectations for monetary policy, rather than exhibiting the safe-haven characteristics often associated with gold during periods of stress.

Looking ahead, the outlook for Bitcoin remains contingent on energy prices and global liquidity conditions. If Brent crude holds near $80 or moves higher, inflation concerns will remain front and center for investors, particularly if diesel and LNG markets stay tight. This scenario increases the risk that funds will reduce exposure to assets dependent on easier liquidity conditions, potentially capping Bitcoin’s upside until geopolitical risks subside.