Post

$BTC is currently trading around $78,096, up about 1.7% in the past 24 hours. Despite tech stocks being pressured due to AI security concerns, Bitcoin has shown some safe-haven characteristics and strengthened against the trend. However, with this week's FOMC meeting approaching, market expectations for rate hikes are rising, which may limit further upside. $ETH is now at $2,524, up about 1.59% in 24 hours. Previously, ETH surged to $2,665 before pulling back and is currently supported around $2,480. On the funding side, the ETH ETF has shown some resilience relative to BTC, but the overall market remains dominated by macro interest rate expectations. $USELESS recently surged over 370% from around 0.31 at the end of August, with its market cap once exceeding $300 million, now retreating to oscillate between approximately $0.21–0.23. Key risk: The daily trading volume of perpetual contracts reaches as high as $1.2 billion, more than 10 times that of spot trading, with open interest once comparable to the entire market cap. Prices are mainly driven by short squeezes and leveraged liquidations, not genuine demand. KOL “Bonk Guy” holds about $2.5M in positions and publicly promotes trades, indicating a conflict of interest.