Macro Regime Shift: Strategy Liability Management, Gulf Energy Disruption, and the FOMC Liquidity Crossroads

Strategy halts incremental BTC accumulation while repurchasing $139M of STRC, removing a structural marginal bid just as Saudi pipeline disruption injects a supply-side oil shock into a Fed meeting already priced for a 25bp hike. Neutral stablecoin telemetry confines near-term rotation to settlement-layer and RWA order blocks.