JUST IN:

TRUMP: IRAN MUST FULLY OPEN STRAIT OF HORMUZ WITHIN 48 HOURS

*TRUMP: US WILL OBLITERATE IRANIAN POWER PLANTS IF STRAIT REMAINS CLOSED

As you all know the last few weeks has been brutal price action due to the war and Trump and headlines all around, he bluffs one day, next day says he’s destroying them etc etc.

Basically I have been flat on positions and waiting. Now we will see within next 48H if he will TACO (trump always chickens out lol) or if Iran does then best news ever and can position after that.

Little Sunday update from me, I try and do these once a week even if the market has been boring.

Will keep it short; global & macro economy is a mess right now, tomorrow will be 48h since trump’s “deadline”, and now more FUD about Iran threatening more about the straight of Hormuz after Trump’s initial power grid threat. Realistically Iran has the upper hand here so I don’t think they’ll comply but anything could happen, would be the first step to a peace deal and markets would price it in right away, aka we pump. A lot of people saying it will be a big week across the board but I wouldn’t be shocked if it’s a nothing burger either.

Even besides that, BTC looks awful, so I’m still waiting and would recommend that for all. No trade is the best trade right now imo.

*TRUMP: HAVE HAD TALKS WITH IRAN REGARDING END TO HOSTILIES: BBG

TRUMP: I AM PLEASE TO REPORT THAT THE UNITED STATES OF AMERICA, AND THE COUNTRY OF IRAN, HAVE HAD, OVER THE LAST TWO DAYS, VERY GOOD AND PRODUCTIVE CONVERSATIONS REGARDING A COMPLETE AND TOTAL RESOLUTION OF OUR HOSTILITIES IN THE MIDDLE EAST. BASED ON THE TENOR AND TONE OF THESE IN DEPTH, DETAILED, AND CONSTRUCTIVE CONVERSATIONS, WITCH WILL CONTINUE THROUGHOUT THE WEEK, I HAVE INSTRUCTED THE DEPARTMENT OF WAR TO POSTPONE ANY AND ALL MILITARY STRIKES AGAINST IRANIAN POWER PLANTS AND ENERGY INFRASTRUCTURE FOR A FIVE DAY PERIOD, SUBJECT TO THE SUCCESS OF THE ONGOING MEETINGS AND DISCUSSIONS. THANK YOU FOR YOUR ATTENTION TO THIS MATTER!

Huge news just now, not at desk but longed some BTC.

Entry: $70,747
SL @ lows for now, $67,400

Will cut asap if Iran claims it’s fake news / otherwise.

I’m cutting this B/E here, not that the news is fake but sadly I was asleep and woke up late when it came out so my entry was shit vs news came out @ like $68,500~

Will reassess at NYO (New York open)

Also this just came in:

IRANIAN MEDIA SAYS THERE WAS NO DIRECT OR INDIRECT CONTACT WITH TRUMP AND CLAIMS HE WITHDREW AFTER THREATENING TO ATTACK WEST ASIA ENERGY FACILITIES
(@WalterBloomberg)

Not 100% sure if true but sharing

IRAN'S FARS CITING SOURCE SAYS TRUMP RETREATED AFTER HEARING THAT IRAN WOULD TARGET ALL POWER PLANTS IN WEST ASIA - RTRS

*IRAN'S FARS: THERE'S NO DIRECT, INDIRECT CONTACT WITH TRUMP

Well now it’s confirmed, glad I cut

*TRUMP RESPONDS TO QUESTION ABOUT IRAN'S DENIAL OF TALKS

*TRUMP: IRAN NEEDS BETTER PUBLIC RELATIONS PEOPLE

*TRUMP ON IRAN: DISCUSSIONS ON SUNDAY INTO EVENING

*TRUMP ON IRAN: HAVE MAJOR POINTS OF AGREEMENT

*TRUMP ON IRAN: IF THEY CARRY THROUGH, WILL END CONFLICT

TRUMP: HORMUZ WILL BE OPEN VERY SOON 'IF IT WORKS'

*TRUMP: STRAIT OF HORMUZ WILL BE JOINTLY CONTROLLED

*TRUMP ON IRAN: MAYBE JOINT LEADERSHIP

Good news this morning regarding the war, sounds like he does really want conflict over and the market showing that. Wish I held the earlier long but np. Back to range highs here on BTC, equities opened green as well.

Gonna sit back and watch still. Not an awful spot to buy some SPOT BTC, if you want, with like today’s lows as your invalidation if you’re sitting in cash and want to deploy some.

*IRAN'S FOREIGN MINISTRY SPOKESPERSON SAYS THEY HAD NO TALKS WITH U.S. -IRNA

*IRAN'S FOREIGN MINISTRY SPOKESPERSON SAYS STANCE ON STRAIT OF HORMUZ, CONDITIONS TO END WAR DID NOT CHANGE -IRNA

Very tiresome and continued pain, don’t get chopped up in this

TRUMP ADMINISTRATION STILL ASSESSING METHODS TO RESUME TESTING OF U.S. NUCLEAR WEAPONS: STATE DEPARTMENT

Truly lost the plot

ISRAELI CHANNEL 12: ONE-MONTH CEASEFIRE TO BE ANNOUNCED UNDER MECHANISM BEING DEVELOPED BY WITKOFF & KUSHNER

Very flip floppy today but a lot of headline exhaustion today, but this recent one is promising for potential ceasefire(?)

Still no further confirmation from BBG, RTRS, etc from this Israeli channel news, or more importantly Iran. So I’m not pre-longing anything unless that comes out.

GM

Few things came out overnight (~1h ago)

• IRAN REJECTS CEASEFIRE, WON'T NEGOTIATE WITH PARTY THAT VIOLATED COVENANTS - FARS, CITING SOURCE

• IRAN SAYS TRUCE, TALKS NOT VIABLE IN CURRENT
CONDITIONS: FARS

Seems like Iran understands its position of power & now doesn't want to negotiate now lol. But on the other hand, like I mentioned yesterday the headline exhaustion and even with these market didn’t care much which is a good sign.

*TRUMP: IRAN SHOULD HAVE DONE A DEAL FOUR WEEKS AGO

*TRUMP: NOT SURE WE ARE WILLING TO MAKE DEAL

*TRUMP: OLD IRANIAN LEADERS ARE DEAD BECAUSE THEY DIDN'T DO DEAL
8:45 AM · Mar 26, 2026