Phyrex
Phyrex|Oct 06, 2026 17:36
Today, the 10-year U.S. Treasury yield dipped slightly, and oil prices also dropped a bit. The highest Brant has fallen below $100. Been crazy busy lately, no time to open new positions, but my old short oil positions are still active. Now WTI is just one step away from turning a profit, while Brant might need to endure a tough stretch. The main reason for the drop in oil prices is likely the gradual recovery of oil transport volumes through Hormuz. Although Iran is still attacking ships every now and then, the situation has slightly improved under U.S. escort. Recent data shows that oil transport volumes have reached about 80% of pre-war levels. However, oil prices remain high because transport costs haven’t come down. Even with U.S. escorts, Iran continues to attack ships passing through the Strait of Hormuz, which keeps transportation costs elevated. On another note, while the Nasdaq hit another record high during trading, the gains were mostly driven by a few large tech stocks. Most other stocks are still struggling with weak growth and remain at relatively low levels. The current index rally is just the result of AI FOMO. So even if the Nasdaq continues to hit new highs, most stocks are still stuck in either a bear market or somewhere between bull and bear territory. The "drop after every conference" curse hasn’t been relevant for a while now. Tomorrow marks the official opening of Token 2049—let’s see if Bitcoin’s price can stay strong. The $82,000 order I placed last Friday expires on Wednesday, and it looks like it should be fine. Clearly, bitcoin:native’s stability is pretty solid. Shoutout to @Gate, trade more markets!
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