Analysis: Bitcoin Exchange Outflows Signal Holder Conviction Amid Hormuz Crisis

Bitcoin (BTC) held near $70,000 on March 6 after a geopolitical shock tied to tensions around the Strait of Hormuz pushed energy prices higher and triggered risk-off behavior across global markets. Despite the turbulence, blockchain data shows BTC continuing to leave exchanges, suggesting many holders are not preparing to sell. Energy Shock Rattles Markets Analyst GugaOnChain linked the latest volatility to disruptio…