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Phogerman
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Kochi, Kerala India
Kochi, Kerala India
Richard Teng
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Where should I head next for a community meetup?
Phogerman
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Bullish
$BTC Where do you think BTC is upto?
$BTC
Where do you think BTC is upto?
BTC
+1.13%
Phogerman
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Here comes the Altcoin season, Bitcoin slowly going down and some of the altcoins are rising in value. #Hangon #Altcoinseason2024
Here comes the Altcoin season,
Bitcoin slowly going down and some of the altcoins are rising in value.
#Hangon
#Altcoinseason2024
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#WTICrudeFuturesFall8% That hashtag looks like a market headline shorthand: “WTI crude futures fall 8%.” WTI means West Texas Intermediate, the main U.S. oil benchmark, and its flagship futures contract trades via CME/NYMEX. (cmegroup.com) In plain English, it means oil futures prices dropped sharply — about 8% — in a short period. An 8% move in crude is big, and it usually points to something like a sudden change in geopolitical risk, supply expectations, or macro growth fears. Recent examples tied big WTI swings to changing U.S.-Iran tensions and shifting expectations around supply disruption. (ecmsource.com) If you meant this as a trading signal, the crypto read-through is usually: Risk sentiment can wobble Energy-linked assets may weaken Inflation expectations may ease a bit Sometimes that can be mildly supportive for risk assets, but the bigger driver is still why oil fell, not just the fall itself. (ecmsource.com) If you want, I can also break down whether this is bullish or bearish for BTC, or explain how to trade macro headlines like oil moves on Binance.$CME.US $WTI.US $NYM.ETF
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