I shorted oil prices (WTI) in early July. By early August, it dropped to around 74.5 at its lowest, but I didn’t close the position and held it until now, missing some of Bitcoin’s $63K-$81K rally in August. Bought some $SOL and took a small bite. The oil short position has been a roller coaster ride, with funding rates being ridiculously high at one point (almost 0.3). Thankfully, rates have dropped to nearly zero recently. I also made some short-term gains by shorting NVIDIA through $MRVL to offset the high funding rates. Now that Bitcoin is back above $80K, does this count as a bull market? I think it needs to stabilize above $90K and touch the $100K milestone to truly call it a bull market. As for now, like Ni Da said, the $BTC-driven $ETH and $BNB swing opportunities are still decent. Earning some interest here doesn’t carry much risk. If the bull market is really coming, we still need to be cautious about whether oil prices will fluctuate again and whether there will be renewed expectations of rate hikes later this year. If rate hike expectations are pushed higher again, the risk markets will definitely struggle during the repricing process. But if geopolitical tensions ease starting next week and oil prices drop, I’ll have to thank Trump for that. If that happens, at least the days of falling oil prices will be good. Risk markets might even get a boost, and we’ll see if Bitcoin can completely break through the $58.5K-$81.5K range. After that, it might depend on the situation post-midterm elections and the U.S.-Iran geopolitical dynamics. We’ll analyze that in detail when the time comes.