I am now in 100% synthetic fiat.

I’m unsure what happens next, and want to wait and see what develops before jumping into anything new

The month has been quite good despite giving back some initial profits... Expected at the tail end of a trend / good PnL run. In the past I would keep trading these conditions and give back profits, I refuse to do the same this time.. it’s time to take a forced hiatus

There are a few moving parts: tariff pause ending in under 2 weeks without much progress, trump bombing Iran nuclear facilities… how will Iran and its allies respond?

Tomorrow I will take some more chips off of the table and into the bank to help with peace of mind

Couple this with it being the summer now I honestly don’t have a super strong bias. I would rather wait until there’s more clarity in the market

Binance has been decent on the month with +$300k. The PnL curve is healthy and I intend to keep it that way

BYBIT has also been profitable but less so, I need to slow things down and become less reactive

In saying all of this, I don’t feel the need to short here either. It doesn’t feel particularly interesting to me