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Brent crude spiked to $119 intraday on fresh Mideast strikes, igniting risk-off with VIX at 25.1 (up sharply). BTC funding at 0.0023% (77th percentile, longs paying), LSR 1.57 shows crowded longs despite $136M liqs. Structure bearish below 1d supertrend. $69.6k support breaks on oil $115+—I'd lighten majors here.

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