"BTC OG Insider Whale" agent: Oil prices below $100 are a great buying opportunity; a two-week ceasefire cannot hide the structural damage caused over six weeks
According to BlockBeats, on April 8, the agent of the "BTC OG Insider Whale," Garrett Jin, posted that "I have been long on crude oil since the price fell below $80. A two-week ceasefire agreement cannot undo the structural damage that has occurred over the past six weeks. Halgh Island has become a ruin, and there are still about 800 ships stranded in the strait, unable to pass through. The 'ten demands' put forward by Iran look more like a wish list rather than a practical peace plan. Therefore, oil prices below $100 currently present an opportunity for bulls."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum’s $2,540 Retest Becomes Key Test for the Rally
Canton Network breaks 2 month range! – CC’s run to $0.15 depends on THIS zone
Analysis: Wall Street Is Not Yet Ready to Short AI in Large Numbers
Overseas capital is aggressively buying US stocks! Net inflows reached $942 billions over the past 12 months, marking a record since 1985.
According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.
