In the past three days, the funding rate of CLUSDT has suddenly increased significantly. I have paid about 20% of the funding rate during these three days. Although I still believe that it is fine for WTI to continue to fall, holding at such a high funding rate is a bit painful, and the situation between Iran and the United States keeps changing. If it doesn't get better, I will have to liquidate my position, as currently, one-third of my profits are going towards funding rates.

As I have always said, I am not worried about the price trend of bitcoin:native, and it has proven to be the case. Investors have a clear interest in bottom fishing around the price of $60,000 Bitcoin. If prices continue to drop, it is highly likely that bottom fishing efforts will increase. Meanwhile, with the short-term investors driven by panic nearing the exit, the sentiment around selling 32 Bitcoins has mostly dissipated.

Now, we return to the dominant macro sentiment, which has reverted to inflation events, so I still need to be cautious about the CPI data to be released on Wednesday. I also plan to hold my short position in WTI for another day. After all, Trump said he should be able to sign an agreement on Wednesday, and Iran has also stated that a safe passage through the Strait of Hormuz has been opened, though this opening is not completely free passage yet.

I have already taken three rounds of short positions on WTI at high levels, all three times exiting near $90. Unfortunately, this time around $85, I was a bit greedy and did not exit as planned, resulting in a significant profit retreat, and I was also forced to pay some funding rates. Let's see if it can drop below $89; then I will exit. If there is an opportunity, I will continue to short at high points.

Although the turnover rate of Bitcoin in the last 24 hours has halved compared to last week, it still remains at a relatively high level. The market may still be quite worried about the CPI data on Wednesday, so short-term investors are still paying attention to Trump's efforts to push oil prices down.

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