Oil stocks on land are near a decade low, complicating Bitcoin’s inflation relief hopes

Onshore oil inventories are near their lowest level in about a decade, leaving a thin buffer against supply disruptions and limiting confidence that energy prices will ease soon. Persistent or renewed oil-price pressure could keep inflation elevated and reduce the likelihood of interest-rate cuts. That weakens the prospect of a macroeconomic tailwind for Bitcoin, though the outlook depends on how prices and monetary policy evolve.