Phyrex|Jun 28, 2026 17:27
Next Monday marks the start of a new week, and honestly, Mondays are already giving me a headache. The reactions from the U.S. and Iran over the weekend have put some pressure on cryptocurrencies. It’s highly likely that before the U.S. stock market opens on Monday, Trump will TACO, and Iran will act like nothing happened, while the U.S. stock market carries on as usual. Regardless of whether this script plays out, I still think it’s unlikely for the U.S. and Iran to fully escalate into a conflict—it’s just not in either side’s interest.
Especially if Iran tries to block the Strait of Hormuz again, I’d guess Europe and Asia wouldn’t just sit back and watch. Of course, this is just my personal opinion. By the way, my WTI short position is still open. Lately, the funding rate has been favoring shorts over longs, so holding onto the short position feels pretty comfortable. Plus, I’ve already withdrawn my margin—over 200% profit is more than enough for me.
Since I can roughly predict the outcome of the U.S.-Iran situation, Monday’s developments aren’t super important to me. What I’m really interested in is MSTR’s ATM data release this week, especially how they’re handling the ATM. How the funds from the ATM are being used—whether they’re being kept as cash reserves or used to buy bitcoin:native—is key. Like I said, if it’s the former, it shows MSTR is hunkering down for the winter, which is a good sign. If it’s the latter, it means Michael is staying aggressive.
If it’s the former, I might consider buying some MSTR and STRC. But if it’s the latter, I’ll just lower my expectations for Bitcoin’s price. Another key data point next week is Thursday’s non-farm payroll report. Right now, it seems like we’re back to the stage where both good and bad data are bad news. Wondering if we’ll see some risk-off sentiment.
Bitget is here, and it’s VIP status all the way! Crypto, U.S. stocks, CFDs—global opportunities, all in one place.
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink