Matt

Financial Markets, Bitcoin

[Matt @MattBTC55]

@KC_Invests I'm getting to this point now too lately lmao. It's all so tiring. Best thing might be just focus on your day job/career and let this work for you.

[Matt @MattBTC55]

@longshortmkts I just think its too early to call it over is all Im saying. We still have peak demand season in July and August, straight is not 100% open. When it does open, there is months of backlog to go through. SPR use will also be going down. Good calls though by you, I'm probably wrong.

[Matt @MattBTC55]

@ActuallyClimber @Nostre_damus 🤣

[Matt @MattBTC55]

@infraa_ But I was told the oil would flow and the straight is now open for all! 😆 Peak demand in July and August really is shaping up to be a clown show.

[*Walter Bloomberg @DeItaone]

MAERSK: AT THIS STAGE, THERE ARE NO CHANGES TO OUR OPERATIONS IN THE MIDDLE EAST REGION

[Matt @MattBTC55]

@infraa_ @BeTheChain @DonMiami3 This is where my head's at as well.

[Matt @MattBTC55]

@RealPeterLinder Your time horizon is way too short on this Peter.

[zerohedge @zerohedge]

IRAN NOT TO RESTORE HORMUZ STRAIT STATUS TO PRE-WAR LEVEL: IRNA

[Don Johnson @DonMiami3]

The bubble is so big we can't even fight a war

[Matt @MattBTC55]

@JoshYoung 🎯 spot on

[Matt @MattBTC55]

@zerohedge Nothing to see here. Oh btw they can print oil as well apparently. Everythings good.

[Matt @MattBTC55]

@zerohedge 🤡

[Matt @MattBTC55]

@ActuallyClimber I don't know how the algos still eat this up every time. How many months in are we now of this rollercoaster? Feels like the more he does this and also continuously floods the market with the SPR the worse the shock will be in a month or two.

[Matt @MattBTC55]

@LukeGromen Appearantly Tump's new hobby is torturing Oil longs. Not that he can do anything about it after a few more weeks.

[Matt @MattBTC55]

@ZynxBTC I think it still goes lower personally. I'm eyeing Q4 for a new position. Valuations can get nonsensical on both the up and downside. Short squeezes will be legendary though on the way back.

[Matt @MattBTC55]

@TimeValueRate @GavMcCracken If that were true, why are the worlds SPRs draining at record rates? From what I can see, Iran holds all the cards and US is getting desperate now.

[Matt @MattBTC55]

@MarcNixon24 Canadian E&P's will be the only good companies left in the country at this rate, and precious metal miners. BOC is definitely screwed either way.

[zerohedge @zerohedge]

Another week of huge draws:

Crude -7.227MM, Exp. -2.2MM
Gasoline +186K
Distillates -200K
Cushing -801K

Production +92kb/d

[Matt @MattBTC55]

@infraa_ @DeItaone Loving $XEG here between this and Canadian exports going into overdrive