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The recent market trend has been driven by news of the US-Iran reconciliation. Yesterday, $BTC 's short position was not closed in time for profit, and it has returned near the cost basis. Fortunately, these past couple of days have been weekends, so the market volatility has been relatively low. The US side announced that a final agreement would be reached today, but Iran expressed opposition, and domestic protests are ongoing. It seems unlikely that a reconciliation agreement will be reached tonight.
Crude oil $CL has already fallen to around 80, fully priced in the expectations of the agreement. Regardless of whether an agreement is ultimately reached, this level probably won't fall much further.