BlockBeats message, April 8, Leverage mining pool (B.TOP) founder Jiang Zhuoer posted, “I have shorted ETH at $2,242. Trump has messed things up; the U.S.-Iran war will most likely end with Iran exercising control over the Strait of Hormuz (collecting tolls). The U.S. does not, in principle, recognize this legally (but assumes it by default) and it ends that way.
This is America’s Suez Canal moment. (In 1956, the UK lost control of the Suez Canal, which is seen as the end of the British Empire’s global hegemony.) The bear market cycle hasn’t finished running yet, and event-driven rebounds are all opportunities to add to shorts. There’s also a small chance they start fighting again. This is for mid- to short-term trading, just like last time when he went long at $1,850 and closed out at $2,144.”
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