Even on the weekend, the markets won’t be allowed to rest.
Just reported by the WSJ: Trump rejected Iran’s 7-day ceasefire proposal and also told an aide that after the midterm elections in mid-November, he plans to keep bombing. Iran previously said it was willing to reopen the Strait of Hormuz within 7 days, but it was simply left hanging.
Now look at a few figures: the number of commercial vessels transiting the Strait has fallen to single digits, and nearly 40 million barrels of crude oil are stuck in the strait and can’t get out. What’s interesting is that Saudi Arabia’s September exports actually jumped to 6 million barrels per day—the highest since the start of the war—because pipelines rerouted around the strait, giving them the confidence.
$BTC This week, geopolitical news has clearly dulled; with things happening in the Middle East like this, the coin prices should be falling but aren’t. What’s truly alarming is U.S. Treasuries: the 30-year yield broke above 5.5%, the highest since 2004, while the 10-year is at 5.23%. Risk assets have this over their heads—this is scarier than a few missiles.
My take: with weekend liquidity thin, don’t chase rallies or sell in panic. If geopolitics escalates again on Monday, $ETH these mainstream assets are quite likely to fall as well. Save some ammunition—don’t go all-in and hard-hold.
NFA DYOR
#比特币 #加密货币 #BTC #地缘政治 #blockchain
Just reported by the WSJ: Trump rejected Iran’s 7-day ceasefire proposal and also told an aide that after the midterm elections in mid-November, he plans to keep bombing. Iran previously said it was willing to reopen the Strait of Hormuz within 7 days, but it was simply left hanging.
Now look at a few figures: the number of commercial vessels transiting the Strait has fallen to single digits, and nearly 40 million barrels of crude oil are stuck in the strait and can’t get out. What’s interesting is that Saudi Arabia’s September exports actually jumped to 6 million barrels per day—the highest since the start of the war—because pipelines rerouted around the strait, giving them the confidence.
$BTC This week, geopolitical news has clearly dulled; with things happening in the Middle East like this, the coin prices should be falling but aren’t. What’s truly alarming is U.S. Treasuries: the 30-year yield broke above 5.5%, the highest since 2004, while the 10-year is at 5.23%. Risk assets have this over their heads—this is scarier than a few missiles.
My take: with weekend liquidity thin, don’t chase rallies or sell in panic. If geopolitics escalates again on Monday, $ETH these mainstream assets are quite likely to fall as well. Save some ammunition—don’t go all-in and hard-hold.
NFA DYOR
#比特币 #加密货币 #BTC #地缘政治 #blockchain