The issue of oil prices has been talked about endlessly. Over the weekend, Trump’s TACO already started making my short positions profitable. I’ve always been very persistent about shorting oil, and I believe my logic is self-consistent, so making money doesn’t surprise me—it’s just a matter of how long I hold the position. This weekend, funding rates surged significantly. Previously, my monthly funding rate was only about 1% of my total position, but over the weekend, it shot up to 10% or even higher. This indicates that after Trump’s TACO, a lot of friends have ramped up their short positions. Of course, this doesn’t necessarily mean things are stable now. Last week was similar—although the U.S. didn’t have TACO, they directly called for a ceasefire. Iran followed suit a day later, then Trump started his usual trash talk and met with Israel. Not sure if this meeting provoked Iran into launching an attack. So oil prices bounced back again. This kind of situation might persist for now, but all this back-and-forth has made the current market pricing clearer to me. $90 WTI and $100 Brent seem to be relatively stable ranges. If there’s more fluctuation, next time I’ll add more short positions at $85 CLUSDT and $90 BZUSDT. As for taking profit, my primary view is still at $75. It’s not that I’ll take profit as soon as it hits $75, but rather I’ll see if $75 is reached smoothly. If it drops to $70, I’ll definitely close over half my positions, and then decide what to do with the rest. @Gate Crypto, U.S. stocks, Hong Kong stocks, Korean stocks, gold, CFDs, prediction markets—all-in-one trading platform.