Short oil because shifting news flow and a sharp pullback in price creates a narrative that a hot CPI print will be dismissed as transitory, reducing inflation fears and downward pressure on oil.
USO
HIGHApr 07, 23:44
"Given shitty market conditions, the size is small and playing tight 1. Shorting oil here with a tight stop"
The author argues Bitcoin is forming a bottom due to its relative strength picking up compared to oil and worsening macro headlines.
BTC
MEDApr 07, 04:29
"initial oil top at 120$ was when btc 66k around March 9th , oil almost back to that level with much worse headline skem and now people slowly expecting we are in deep shit but relative strength on coins slowly picking up , hence we are forming bottom here imo"
The author argues that crypto infrastructure will survive and thrive long-term, similar to dot-com survivors, due to real products, founders, builders, and quietly developing institutional rails.
The author is stepping aside from crypto and risk assets, expecting a risk-off environment driven by an impending rejection of the Iran deal and a macro supply shock.
ETH
HIGHMar 26, 06:14
"Closed my ETH position. Entry was $2,160 — back to waiting."