Phyrex|May 10, 2026 20:14
Lazy mode ends on Monday, so tomorrow is the last day to chill before hustling to make money again. Recently, there aren’t many opportunities left for guaranteed profits—of course, that’s partly due to my skill level. Right now, the most certain move for me is shorting WTI. I’m still holding my short position, though I’ve reduced it a bit. Seeing that funding rates aren’t too high now, I’m planning to add more positions when the price spikes. If it keeps dropping, I’ll just accept it.
My current entry price is around $97, and I’m planning to add more if it drops to $95. My first target price is still $85. Also, I’m thinking of moving part of my position to a brokerage to save on costs. On top of that, I’m looking for projects with high funding rates to see if there’s an opportunity to arbitrage those rates. If it works, I’ll take some money to test it out and share the results with you guys.
As for the current market trend, it’s still focused on the Iran-U.S. conflict. The disputes around the Strait of Hormuz are ongoing, and now French and British warships have entered the strait. Iran’s foreign minister stated that this move could escalate tensions in Hormuz. Honestly, Iran’s strategy of leveraging its position to disrupt global economics is causing a lot of trouble. This drama really needs to end.
Back to Bitcoin data—nothing exciting over the weekend. Trading volume and liquidity are ridiculously low. I’ve emphasized this before: BTC’s price movements currently have little to do with the crypto market itself. Instead, U.S. macroeconomics, politics, and economic conditions are influencing Bitcoin. BTC’s price is often determined by short-term investors, and the fewer short-term trades there are, the more stable BTC’s price becomes.
Bitget is here, and it’s VIP status all the way! Crypto, U.S. stocks, CFDs—global opportunities, all in one place.
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