Had a happy weekend, but even though I was happy, the dual-currency investment I’ve been making didn’t buy a single penny over the weekend. The main reason is that I’m worried about a sudden big move at any time. This isn’t directly related to BTC’s price but more about concerns over unexpected events during the weekend when liquidity is super poor. I was initially worried about the U.S. striking Iran’s key export hub, Kharg Island, which could lead to another volatile week for the oil market, and heightened concerns about disruptions in Middle Eastern oil supply. But just now, I saw the IEA’s announcement: member countries will collectively release 400 million barrels of emergency oil reserves into the market. Implementation plans have already been submitted. Asia-Pacific member countries will start releasing immediately, while European and American member countries will begin releasing by the end of March. This shows that the global oil market is too tense due to the Middle East conflict and the Hormuz transport disruptions. So, the IEA organized member countries to open up reserves and release oil to the market, adding some supply to lower oil prices and ease some panic. The IEA also mentioned that this is the sixth and largest emergency release in its history. For oil price predictions next Monday, this should help bring prices down a bit. Looking back at Bitcoin data, today’s trading volume has increased slightly, probably due to the impact of the war. Earlier, there were concerns about oil price hikes leading to a downturn, but later, prices rose again due to the IEA’s release. Overall, the situation is still pretty straightforward: as long as oil prices ease up a bit, the market will improve. If oil prices remain tight, the market will face bigger troubles. Next Thursday at 2 a.m. is the Fed’s interest rate meeting. Honestly, there’s not much to watch right now. March will definitely see no changes, and it’s not Powell’s last meeting either, so the impact won’t be too significant—at most, just short-term sentiment. No need to pay too much attention for now. Bitget VIP, lower fees, crazier perks.