The first working day of June brought another shock, again from the United States and Iran. The two countries continue to stretch things to the limit. You say they are not negotiating, but both sides are still talking. If you ask about the progress of the negotiations, both sides deny it. Over the weekend, a tangled situation had already emerged, and by Monday it was still tangled. Until early morning, Trump stated that discussions with the Islamic Republic of Iran were ongoing and proceeding at a rapid pace.
However, the announcement from Iran indicated that the actions of the US-supported Israel in Lebanon and Gaza would strengthen the resolve of the resistance axis. Other fronts may be activated. Traffic in the Mandeb Strait may align with the situation in the Strait of Hormuz. This means that any disagreement could lead to conflict, and it really is exhausting.
Despite various grievances, deals still need to be made. Today, taking advantage of the rise, the price of CLUSDT was pulled up to $93.1. The liquidation price is still above $120, and I am currently experiencing a slight profit. Fortunately, the current funding rate is quite low. I have held my position for a week and actually made some profit from the funding rate. It feels like the more the US and Iran stretch things, the more it indicates that the current negotiations have reached a very detailed stage.
Let’s continue to observe. As long as there is not a true return to a state of war, the rise in oil prices is likely to be temporary.
Looking back at the Bitcoin data, today, $MSTR sold 32 bitcoins:native, causing a bit of a meltdown in investor sentiment. After all, MSTR holds too much BTC, and the market is worried that if MSTR starts to unload BTC, the price of BTC may not hold steady.
Because of this, Bitcoin experienced a significant burst of interest, and the market's turnover rate increased significantly. Of course, it still mainly consists of short-term investors, and earlier investors have not shown obvious signs of selling.
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