I think all this news about the U.S. and Iran is bullshit.
To me, it feels like it's just there to give the markets a bit of breathing room and create liquidity ahead of Elon Musk's IPO.
Sometimes I look at what's going on in the world and wonder if we've completely lost our priorities.
It feels like everything is about making more money, no matter what.
More growth, more profits, more wealth, always more.
I don't like it. I hate it.
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🚨 BREAKING
IRAN’S FOREIGN MINISTER JUST NUKED THE US-IRAN MEMORANDUM.
CALLED IT “A WISHLIST FROM THE AMERICANS, NOT A REAL DEAL.”
SOURCES SAY IRAN WON’T ACCEPT ANYTHING IN THE NEXT 48 HOURS.
If you really stop for a second and think about what’s happening in the world right now.
War, threats, money moving in predictable ways for those on the inside.
Week after week, it’s the same story.
That's why my only play is some spot bags but mostly stablecoins.
But I am really confident with my $BTC short set-up since I really believe we get new lows this year.
$BTC funding rate has flipped positive for the first time in 2 weeks.
OI is slightly up, which means one thing.
Positive funding is not primarily due to more longs entering, but due to weak spot demand which is pushing spot prices below perp prices.
🚨WARNING:
RISK MARKETS WILL CRUSH NEXT WEEK
🇯🇵JAPAN GETS AROUND 95% OF ITS OIL FROM THE MIDDLE EAST
HIGH OIL MEANS MORE INFLATION
THE BOJ MAY HOLD THIS WEEK AT 0.75%
BUT THE MARKET IS ALREADY LOOKING FOR 1% BY THE END OF JUNE
LAST TIME JAPAN RAISED RATES, BITCOIN DROPPED OVER 15% AND ETH FELL 19%
BAD FOR BULLS