The tape isn't buying the geopolitical narrative. Hormuz tensions escalating while BTC sits near $64K with a -0.28% print isn't strength — it's a market that's absorbed too many false risk-off events this year to price another one seriously.
What does move the needle: ETF outflows apparently ending. That's a cleaner signal than oil-risk headlines. If institutional demand is quietly stabilizing at these levels while the macro noise peaks, the setup looks more constructive than the price action suggests. SOL's underperformance is a footnote, not a trend break.
Just my read, not advice.
#OKXOrbit