The shipping through the Strait of Hormuz has almost come to a standstill, the U.S.-Iran ceasefire agreement also expired without being reached, and Iran has even claimed that it has won. This whole maneuver is really impressive.
Oil prices are edging toward $89 per barrel, and with geopolitical risk so high, traditional safe-haven assets are showing some divergence. $BTC at this level is quite interesting: on one hand it has a safe-haven attribute, and on the other its liquidity is easily affected by macro sentiment.
Now the Asian session is almost over, and the European session is about to start. Bond yields in Europe are all pressing toward their highest levels in 15 years; the market is clearly pricing in that this conflict will drag on for a long time.
Honestly, in a situation like this, don’t be too aggressive—position management matters more than anything. The $ETH ecosystem has had some movement recently, so it’s worth studying slowly.
Overall, my feeling is that in the coming period, macro news will be the main driver, while on-chain data will matter less. Just keep an eye on the news flow.
#BTC #ETH #Crypto #Macro #Web3
NFA DYOR
Oil prices are edging toward $89 per barrel, and with geopolitical risk so high, traditional safe-haven assets are showing some divergence. $BTC at this level is quite interesting: on one hand it has a safe-haven attribute, and on the other its liquidity is easily affected by macro sentiment.
Now the Asian session is almost over, and the European session is about to start. Bond yields in Europe are all pressing toward their highest levels in 15 years; the market is clearly pricing in that this conflict will drag on for a long time.
Honestly, in a situation like this, don’t be too aggressive—position management matters more than anything. The $ETH ecosystem has had some movement recently, so it’s worth studying slowly.
Overall, my feeling is that in the coming period, macro news will be the main driver, while on-chain data will matter less. Just keep an eye on the news flow.
#BTC #ETH #Crypto #Macro #Web3
NFA DYOR