‘Handsome’ for just one night!! The U.S. and Iran are still in a back-and-forth, with ‘Iran claiming to strike back at the U.S.’ Not sure if it’s true, but the market believes it—WTI jumped above 92. Just as I mentioned before, the logic is simple: if the U.S. and Iran continue their tug-of-war, oil prices spike, which is bearish for risk markets. $BTC, trading 24/7, has taken the hit for everyone. $BTC dropped to around 735, and ETH, BNB, SOL, which follow $BTC’s lead, are all dipping as well. Still sticking to the same strategy: short oil prices when they’re high. As for $BTC and the like, they’ve been tough to trade recently. If you sort out the macro logic, trading oil prices isn’t that hard. It’s just that the price volatility driven by news is huge, with constant back-and-forth swings. Oh, and Binance’s oil price funding rates—those have been adjusted slightly lower.