Head of Desk, Manny Newman and Director, Jonah Van Bourg (also known from his crypto podcast, 1000x Podcast) talk their current stand out trades, how they reached their current perspectives, and the data that supports their hypothesises.

Manny and Jonah spoke last week about positions being very short, and they somehow got shorter this week. The big question is: Can the bearish fundamentals overwhelm what is record-spec short positioning in flat price, since the CFTC started collecting data?

The markets are incredibly dynamic. To have a bearish fundamental picture which everyone was calling for, three weeks ago versus now, is drastically different. It's time to take another look at all the benchmarks again. Dubai pricing in the east is still strong, and - potentially - we might see prices soften into the coming months, but we're still not there yet.

All eyes are on flat price right now, and it's very well-televised that the market is short. Manny and Jonah debate the effect the media can have on the market.

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