ChainCatcher 消息，据 CoinDesk 报道，原油价格回落之际，成品油价格却持续走高，美国柴油与原油之间的“裂解价差” (Crack Spread) 已升至每桶 102.2 美元，创历史新高。
受伊朗和乌克兰冲突扰乱全球能源供应影响，柴油供应趋紧，而当前正值农业收获季，拖拉机等农业设备燃油需求旺盛，进一步推高柴油价格，并可能通过食品、运输及取暖成本向通胀传导。
与此同时，WTI 原油价格已突破自 4 月高点以来形成的下降趋势线，意味着持续 4 个月的下行趋势可能结束。若油价进一步上涨，市场通胀预期或重新升温。能源价格与通胀风险叠加政府债务担忧，正推动美国国债及其他发达经济体债券收益率走高，提高持有比特币等风险资产的机会成本，可能限制 BTC 进一步上涨空间。
不过，美元走弱仍为比特币提供一定支撑。美元指数周一跌至 99.29，为两个半月低点，并跌破此前的上升趋势线。目前，比特币正同时受到油价、债券收益率和美元走势等多重因素影响，宏观环境呈现明显分化。
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