Today, WTI peaked above 100 dollars, and without saying anything, friends should already know what is happening. Not only have negotiations between the United States and Iran stalled again, but there are also signs of conflict between Iran and the UAE. Furthermore, both Trump and Iran's spokespersons have shown very strong irreconcilability. If I could still tolerate all this, then the current funding rate is making me want to cry without tears.

I was originally worried that there would be high funding rates over the weekend, so I cleared most of my positions on Friday. Later, I saw that the weekend funding rates had indeed adjusted, and oil prices were also rising over the weekend. I reopened my position at 97.6 dollars. Just one day later, the funding rate has deducted almost 10%. If I close it, the entry point is still quite good, with just a little profit. If I don't close it, I estimate that by tomorrow, I will be showing a paper loss.

The move to short oil is definitely correct, but this funding rate is really becoming a bit unbearable. I originally wanted to look for a solution to hedge the funding rate, but now, considering that the funding rate rises sharply after the U.S. stock market closes, this period isn't long; hedging conflicts completely with my rest time, making it a bit not worthwhile. It's so painful that I feel like I want to vomit blood.

I don't know if friends from @binancezh can take a look. The funding rate over the weekend is fine, but the funding rate after the U.S. stock market closes every day is about double that of when it opens, which is fatal 😂.

Looking back at Bitcoin's data, it is still maintaining a good synchronization with U.S. stocks. Although the growth is not as good as U.S. stocks, it still does not diverge from U.S. stocks. This indicates that investors, while being optimistic about U.S. stocks, will also casually buy some $BTC. Moreover, we can see from recent data that more and more BTC is progressively being transferred to long-term holdings, which also helps alleviate the current selling pressure.

But essentially, the current market's main players are still the United States and Iran, primarily due to the expectations of U.S. inflation and recession brought on by the Strait of Hormuz. Extending that, it includes U.S. monetary policy, U.S. tariffs, and the midterm elections.

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