A fresh escalation in the Iran-Israel conflict sent shockwaves through global markets on March 19, after strikes on key energy infrastructure raised fears of prolonged supply disruptions. Oil surged, inflation concerns resurfaced and investors moved quickly into a defensive posture. The shift rippled across asset classes, dragging both traditional and digital markets lower. Crypto showed little sign of acting as a hedge. Instead, price action and on-chain flows pointed to a broader risk-off move, one that may be forcing long-term holders to rethink positioning. The sell-off was triggered by a sharp escalation in the ... (full story)