Oil at $116: Why This Macro Shock Could Trigger a Bitcoin Risk-Off Deleveraging

Brent crude punched through $116 a barrel on March 30, 2026 – a 60% monthly surge driven by escalating US-Iran tensions after Tehran accused Washington of preparing an invasion, compounding Houthi strike disruptions, and Bitcoin is now sitting in the crosshairs of the resulting institutional risk-off rotation.The oil price spike is not hitting crypto directly; it’s hitting it through three compounding cha…