Qingming coincides with Easter, with the East paying respects at the tombs and the West celebrating resurrection—financial markets collectively taking a break, just like workers who don’t want to work on the last day before the holiday.

Interestingly, while the Middle East is heating up and oil prices are soaring, today the global markets are all closed. It’s a kind of karmic cycle: when you make retail investors anxious during normal times, you can relax during the holiday. CME and Brent oil markets are closed, institutions and retail investors are finally forced to stop trading, returning to normal human life—paying respects to ancestors for those who do, hunting for Easter eggs for others.
The only thing that probably can’t stop is Huang Licheng’s 25x leverage still floating on HyperLiquid. While others are celebrating, he’s watching the charts.
This is probably the difference between crypto people and normal people: others are on holiday, he’s paying tuition.
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