The most troublesome thing on weekends is Trump causing trouble. Yesterday, the US and Iran had some minor skirmishes; although both sides were relatively restrained and did not escalate the war, this makes peaceful resolution between the US and Iran increasingly difficult and does not help the passage through the Strait of Hormuz. I've seen information that in the past three days, due to the tense situation, the number of ships passing through the Strait of Hormuz has decreased.
At this time, Trump was still posting on his own truthsocial, continuously sharing three images mocking Iran. To be honest, I miss the Democrats a bit; in Trump's hands, things without any twists are fresh. It’s purely about tackling difficulties head-on, and even in the absence of difficulties, difficulties must still be created. I wonder how the market will change on Monday.
Yesterday, I cleared out a large position of WTI short contracts, retaining about 1/3 of the position, mainly due to concerns about funding rates. I just looked, and over the past two days, they deducted about 6% in funding rates. However, it should change starting today. I'll hold on and see; if the funding rates can come down, I will continue to increase my short position. But I still believe there is room for further shorts on the current WTI.
Looking back at the Bitcoin data, there is not much to talk about. All the data seems to be performing well, but this good performance is like a flower in a mirror, a moon in the water; it is not due to any changes in $BTC itself, nor because more funds prefer cryptocurrencies, but rather primarily due to the correlation with the US stock market, which is quite sad. However, the only thing that makes me feel that BTC still has growth potential is that most holders are long-term and high-net-worth investors.
#Bitget has arrived, and it's VIP! Crypto, US stocks, CFDs, a global opportunity one-stop layout
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
