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Criticizing Bybit for not closing withdrawals after 1.4 billion, but Bitget closing withdrawals after 387.5 million is unreasonable; these two situations are still different.
1/ Bybit's problem lies in wallet multisig, which is a single point issue with a clear location, while Bitget has a withdrawal system-level vulnerability that requires more detailed investigation. Closing withdrawals before that is the only option.
2/ Bybit was hacked for ETH, Bitget involves multiple tokens, including many non-EVM and non-USD assets, while the risk reserve is in BTC and USDT.
Whether buying now or borrowing first, replenishing all or part of the assets takes time.
3/ Since it’s multi-token withdrawals, the technical and operational preparation needed for recovery is also considerable, and coincidentally the holiday has started, so employees returning to the company will also take time.
The above only addresses the rationality of closing withdrawals itself.
It does not represent any opinion on the subsequent reopening of withdrawals, security, user fund protection, or whether withdrawals should be made.
Focus on the factsThe SEC just updated the crypto asset Q&A, relaxing investment requirements for tokenized assets. Base chain tokenized stocks hit 1.3 billion DEX volume in 30 days, and Solana's MASK continues to boost Meme sentiment. Funds are looking for low market cap, high volatility targets to take over; RARE, with its clear liquidation structure, is prone to flash crash moves.
From the liquidation chart, there are many long liquidations piled up below 0.022, and short liquidations hanging between 0.024 and 0.025. In the short term, the bullish volume can't keep up. I just finished a trade at the old neighborhood's seventh floor, so out of breath I could barely hold my phone. The current market price is 0.02286, and I didn't dare chase. This kind of structure will most likely first knock out stop-loss orders downward, then reverse to take out the shorts above.
Operationally, wait for a pullback to the 0.02160 to 0.02210 range to scale into longs, with a stop loss at 0.02070; if broken, accept the loss. Take profit first looks at 0.02450, and if broken, then 0.02580.
$RARE
#霍尔木兹重开现转机，油价风险溢价会降吗？
@OKX星球 Positive news triggers immediate sell-off! CME futures launch announcement, another classic case of buying the rumor and selling the fact
🔥 CME officially announces upcoming BCH and UNI futures! Upon the news, BCH surged over 31% at one point, UNI rallied nearly 20%.
After the hype quickly faded, the market reversed: BCH currently down 1.75%, UNI pulled back to down 0.30%, a typical scenario of front-running positive news and profit-taking once it materializes, the old script plays out again.
My judgment: This round is just a short-term event-driven market, not a trend reversal.
Prices have already fully priced in the futures launch expectations in advance; BCH's surge and pullback, UNI's shift from a big rise to a decline, are the best proof.
Going forward, the key is to observe after the official launch on October 19 whether it can bring sustained trading volume and open interest growth.
If it's just news-driven, the rally will end after the initial surge; only continuous institutional inflows represent real demand landing.
$BTC surged to 87,000 then pulled back, I did not participate in this rally and firmly avoid chasing highs.
Waiting for a pullback test of the 84,000-85,000 support range, then consider light position building once stabilized.
With the Fed rate hike implemented and 5-year US Treasury yields breaking 5%, the high interest rate environment remains unchanged; heavy bets on a one-sided market are not recommended.
$BTC $ETH $SOL $MU Micron Q4 Earnings Focus (After Market Close on 9/30)
1. Next Quarter Guidance (Most Critical): FY2027 Q1 revenue, gross margin, DRAM ASP. Market expects revenue around $58–59 billion, gross margin close to 89%; below expectations likely to trigger a pullback.
2. Gross Margin Sustainability: After about 86% in Q4, can mid-80% or even 90% be maintained in 2027? More conservative wording = risk.
3. Capital Expenditure: Whether FY2027 will exceed approximately $51 billion; too high would pressure free cash flow.
4. HBM4: Verify if customers can switch to mass orders, 2027 shipment and capacity plans.
5. Long-term Agreements: $100 billion minimum contract revenue, $22 billion prepayment recognition schedule; whether inventory days continue to decline.
6. Conference Call: Buyback signals (whether early after December 9th lockup expiration), whether supply-demand tightness continues beyond 2027.
In short: The earnings themselves are basically priced in; the real focus is on next quarter guidance and gross margin.
#财报观察员：好市多业绩超预期，美光接棒 [Pharaoh's Market Watch]
How did Trump just snap the olive branch Iran extended?
Pharaoh says directly, Iran said, "You loosen your grip, and I'll open the Strait in 7 days," to which Trump replied, "I'm not in a hurry, let's wait until after the midterm elections." This isn't negotiation; it's treating the Strait of Hormuz as an election chip.
Iran's conditions this time aren't new—lifting the maritime blockade and stopping military pressure were already promised by the US in the June memorandum of understanding. Publicly, Iran is said to be "begging" for a deal, but privately telling aides that bombing might resume after the November midterms.
The market reaction is very honest. Oil prices surged sharply in after-hours trading, Brent crude rose over 3% at one point, and New York crude rose over 4% intraday. As long as the Strait of Hormuz remains closed, the geopolitical premium on oil prices won't come down, inflation expectations won't be contained, and the threat of rate hikes will hang over us.
For Bitcoin, this wave is "should have risen but didn't, should have fallen but couldn't dodge." On September 23, when positive signals from US-Iran talks emerged, Bitcoin hovered around 87,200, completely missing that cooling-off move. Now with Trump rejecting the plan, oil prices rebound, inflation expectations heat up, and Bitcoin faces pressure instead. What does this mean? The market is no longer trading geopolitics but US debt yields and the Fed's rhetoric.
Pharaoh gives you a judgment: Bitcoin will continue to consolidate between 83,000 and 86,000 in the short term. Don't chase highs or lows based on geopolitical news!
$BTC $ETH $SOL #特朗普据悉拒绝7天方案，霍尔木兹重开再生变 Riot repaid $200 million seven months early
Riot has fully repaid the $200 million loan from Coinbase.
The principal plus interest was settled in one payment, with no penalties.
Where did the money come from:
They used 5,821 $BTC as collateral to borrow $200 million.
At the price at that time, these coins were worth $340 million.
The collateral ratio was less than 60%, which was originally very safe.
How this number is calculated:
After repayment, the collateral claim on those 5,821 $BTC was released.
The coins are still the same coins, just no longer locked by the other party.
By repaying seven months early, they saved 6.15% in interest.
Market makers see the collateral return to the balance sheet, increasing the amount of liquid assets.
If I had understood this earlier, I wouldn’t have stayed up watching the market until 3 a.m.
#BTC现货ETF连续6日吸金超28亿美元
#美债长端利率持续攀升，融资压力升温 #高利率下，黄金还能走多远？ $BTC I’ve been holding a short position on $BTC for two days now, so let me share how this trade has been going. When BTC dropped below $83,000, market sentiment turned quite bearish, and I was also expecting more downside. Some traders were even looking for a move toward $72,000. My original plan was to wait for a rebound toward $85,000 before entering the short, as I mentioned in an earlier post. But I got impatient and entered around $84,000, which wasn’t the entry I originally wanted. I held the $HYPE is the one I respect most this year, with income that goes beyond just that.
On September 21, it touched a historical high of 95.17, the third new high within a week; on September 22, it reached 97.19 again; on 9/23, it was pushed down to 98 intraday and then closed at 94 (down 3.27%). It rose 24% in seven days, 23% in a month, and 117% year-to-date, with a market cap of $21.5 billion ranking 11th.
It is one of the few that factors income into its coin price. Since 2026, on-chain income has reached $429 million, ranking first among all protocols, with 97% of fees used for buyback and burn. On 9/18, manual lending was launched, with $269 million lent out on the first day. Kraken's parent company Payward plans to go through the CFTC channel to bring HYPE perpetuals into the U.S. (which will take 10 to 12 months). Bitwise bought $20 million in a single day, Hyperliquid Strategies swept up 4.28 million tokens in three weeks (about $385 million), and listed companies are all accumulating.
However, circulation is only 26% (251.5M out of 951.6M), with 700M still locked. If the unlocking pace changes or U.S. regulation delays, the valuation anchor will wobble. A new high every three days means chasing short-term highs will definitely get you stuck.
Support is seen at 90, breaking it would return to 85; resistance at 98 and 100. Key phrase: HYPE is not air, it’s a money printing machine, but even money printing machines have maintenance days, so don’t go all in before maintenance.$ONE $ONE What does a long-short double kill mean? This is what a long-short double kill means: in the same position, neither going short nor going long works.
If you go long, it drops and hits your stop loss.
If you go short, it rises and hits your stop loss.
What a classic example. It seems ONE is going to be completely blacklisted, never trading it again!
Actually, after I opened a position on ONE, I was profitable for a while, going long at 0.0023158, with an intraday peak profit of over 110 USD, but I was busy and ignored it, also greedy for not closing then. In fact, the trend was downward all afternoon, and eventually it broke my take-profit line and then my stop-loss line, turning profit into loss, finally stopping out with a 10 USD loss.
Then I reversed to short, initially making a brief profit, but then it kept rising, breaking my stop-loss line again, climbing to 0.0023200, and I stopped out with a 16 USD loss.
What's strange is that every time we stop out, it immediately reverses direction and rallies, sometimes even returning to your cost line, making you regret the stop loss.
$ZEC $ONE ONE
During this period, I saw it fall from first place on the leaderboard to third or fourth, and now it still recovers 20% gains daily. The more it reaches this point, the more uncertain it is whether to go long or short.
It's time to seriously reflect. Being greedy when up over 100 USD profit ended with such a big loss. This is a monster stock, a manipulated stock, and the reason why novice retail investors lose money. Who can consistently profit in such a market?Sharing my current personal view on the US stock market, which friends preparing to open positions in US stocks can refer to:
Currently, the US stock market as a whole is at a historically high range, and it is not suitable to bottom-fish at this stage. From a long-term perspective, I still have confidence in the resilience of the US stock market. Even if there is a decline, there is usually a subsequent recovery, which is distinctly different from the A-share market.
However, in the short-term market, the profit potential for going long is already very limited; on the other hand, shorting currently offers better cost-effectiveness and more opportunities. I rarely overly rely on various news judgments in my trading, instead depending more on market sentiment, combined with the current layered macroeconomic negative pressures, making it difficult for the market to ignore the negative pressure and continue to strengthen.
My personal forecast for the market rhythm: a deep correction will come in the short term to digest valuation and risk, after which a new high rally will restart.
⚠️ The above is only my personal trading idea and does not constitute any investment advice. $SEI is slightly bullish in the short term, consider after a pullback confirmation
It has risen nearly 18% in 24 hours. This is the most tormenting time: afraid of chasing the high and standing by, yet regret not getting in before the breakout. The market does not show that kind of smooth one-sided flow that lets you comfortably win by holding. The four-hour chart shows a pullback digesting some profits, but the price still holds steadily above the key support. Guessing tops and bottoms is meaningless; the focus is on the bulls' strength in absorbing during the pullback. As long as the structure is intact, there is still a chance.
Trading plan: Slightly bullish short term, but only trade on pullback confirmation or breakout confirmation
Trading advice: Consider after a pullback stabilizes between 0.0721–0.0726; if it strengthens directly, follow after breaking above 0.07732. Set stop loss at 0.07102, take profit first at 0.08334, then at 0.08875.
#BTC现货ETF连续6日吸金超28亿美元 #BTC spot ETF has attracted over $2.8 billion in inflows for 6 consecutive days
Federal Reserve official Barkin said that more than 60% of PCE subcomponents have year-on-year increases above 3%, so the Fed may need to tighten further, and the market is already getting conflicted.
The current issue is not whether the Fed will raise rates, but how long this tightening cycle will last. Inflation hasn't dropped, employment is still good, and high interest rates won't be withdrawn immediately. At present, it looks like it will be a long time.
For Bitcoin, the short term is definitely uncomfortable. U.S. Treasury yields are hovering around 5%, and capital would rather earn interest than bear volatility. Although ETFs occasionally see large inflows, their sustainability is questionable, and once they stop, prices tend to fall back.
#Long-term U.S. Treasury yields continue to rise, financing pressure intensifies #Trump reportedly rejects 7-day plan, Hormuz reopening brings new changes $BTC $ETH $SOL $SOL
SOL has been stuck around 122 these past couple of days and can't break through. Every time it touches that level, it gets pushed back down, clearly showing selling pressure. The resistance above is at 123; only if it breaks and holds with volume can we look towards 127 and 133.
The support below is first around 115, which is the 7-day moving average and a previously tested pullback level. Below that is 110.
But there's something to note. On the surface, the long-short ratio is 1.77, meaning retail investors are mostly long and think it can still rise. However, the active buy-sell ratio is only 0.82, meaning sell orders outnumber buy orders, and open interest is still declining. To translate: retail investors are chasing, while big players are quietly selling.
In this kind of market, either there will be a sudden short squeeze or a shakeout of longs first. I personally lean towards the latter, so in the short term, it might pull back to around 115 to shake out positions.#BTC现货ETF连续6日吸金超28亿美元 BTC spot ETFs have attracted over $2.8 billion in inflows for six consecutive days, with institutional buying resuming. Despite the Federal Reserve's renewed rate hikes, BTC has remained strong, with ETF funds becoming a very important support. Latest data shows that US spot BTC ETFs have seen net inflows for six consecutive trading days, totaling over $2.8 billion. What truly deserves attention is not just the scale, but the continuity. Because inflows of tens of billions in a single day might just be portfolio adjustments; but continuous inflows for six days indicate that institutional funds are forming a clearer allocation behavior. Market logic is also changing: Fed rate hikes → interest rates remain high → traditional risk assets under pressure → but BTC ETFs continue to attract funds → spot buying offsets some macro selling pressure. This explains why BTC has recently shown obvious resilience. In the past, BTC market trading focused more on: US dollar liquidity, rate cut expectations, and leveraged funds. Now, an additional variable is increasingly needed: institutional spot allocation. Especially when ETFs have continuous net inflows, there is a big difference compared to leveraged funds in the futures market: ETFs buy spot BTC. If these funds are not short-term traders but long-term asset allocators, their absorption of circulating market supply may last longer. This brings an important change: **selling pressure has not obviously increased • ETFs continue to buy Evening News | The securities token line is still moving, and I took a risk on ONE. BTC was sideways all day today. All six four-hour candlesticks fluctuated within ±0.25%—less than a percentage point combined. Closed at 83,970 (+0.37%), with an intraday range of 83,366 to 84,340. But this doesn't mean "no market"—it's that all the market is on the altcoin side. What did it do today? The breadth expanded for the third consecutive day. Out of 477 perpetual stocks, 350 rose, 123 fell, with 128 rising over 3% and only 12 dropping over 3%. The Panic and Greed Index rose from 71 to 74. The biggest gainers were $ONE +29.32% (108M turned), $2Z +28.99%, MUBARAK +21.04% (134M), ENA +13.02% (208M). Falling were AKE -8.73%, NEAR -4.49% (204M), and ZEC -2.96% (832M). NEAR was up 7.94% yesterday and down 4.49% today; $ZEC The main trend was the first two days, but today it fell 2.96%—rotation means money flows from previously rising stocks to those that haven't risen. Who conquered the market: Today's direction flipped once The morning's forced liquidation sample was "bulls getting hit" (BTC long 359,795 / short 164,553).The SEC clarified the new rules for Ethereum staking
The same group of people fined Kraken $30 million three years ago and forced it to shut down staking in the US.
This week they changed their tune: staking receipt tokens are not securities, shamelessly, since they have the final say anyway.
To translate: you lock up ETH, the platform gives you a tradable voucher, and this voucher is the "receipt token."
The condition is that it must honestly serve as a receipt:
It does not alter your original rights to ETH
It does not include extra rewards
It is not allowed to lend out, mortgage, or flip your deposited coins
Nor can it set your yield rate
Why did Kraken get penalized back then?
Because it advertised yields as high as 21%.
The same statement was evidence of wrongdoing three years ago, now it’s a red line.
Look how surreal these three years have been
The same issue went from "being a security" to "not being a security."
But here’s a cold splash of water:
The FAQs themselves state they have no legal effect,
meaning the guidance is not law and the next administration can revoke it anytime.🚨 Saylor Wants Banks to Expand Bitcoin Services — But What About Basel Rules? Michael Saylor has argued that banks could expand Bitcoin custody and lending against $BTC . Some traders see this as a major bullish development: more banks involved could mean broader Bitcoin adoption. But there’s an important regulatory detail: under the Basel framework, certain Group 2b crypto exposures carry a 1,250% risk weight, which can require capital equal to the exposure itself. However, the treatment depen85200, this is the highest point BTC reached in the past 24 hours, and then? Then nothing happened. Have you noticed that the voices saying "just wait a little longer to break even" suddenly got quieter? I've been watching the market for a long time, 87300 sliding down continuously with four consecutive 4-hour bearish candles, quiet and steady like a receding tide. The buyers are not absent; it's just that their strength really can't keep up. That feeling is like the last ten minutes before a party ends, some people still holding their glasses, but their eyes are already looking for the exit. One detail caught my attention: NEAR short position entered at 4.977 with 50x leverage, now floating with 80% profit. This person originally wanted to close the position but glanced at the overall market and decided to hold a bit longer. Do you understand that hesitation? It's not greed; it's the market giving you a hint that "it can still drop a little more." And this kind of hint is often where emotions are most fragile. On the BTC side, 83000 is a short-term watershed. If broken, 82000 is not a dream. But what deserves more attention is ETH, dropping from 2806, unable to hold 2700, this is not a simple pullback but a vacuum period after the upward momentum is drained. Once 2650 is lost, 2600 or even 2500 will be quickly tested. As for altcoins, no need to mention, ZEC plunged straight down from 1680, not even touching the 1600 rebound. This kind of coin rises like fireworks and falls like a waterfall; breaking 1500 means 1450 next. But I want to say another side. ETF net inflows have exceeded $2.8 billion for six consecutive days, this is solid buying. US long-term Treasury yields are climbing, financing pressure【Demon Slaying 009】84% of projects died on the same function
I reviewed 82 death cases and went through the contract code.
69 of them used the same trick, accounting for 84.1%.
That line looks like this:
function mint(address to, uint256 amt) external onlyOwner
_mint(to, amt);
_mint is not malicious; it's the built-in ERC-20 money printing function.
The fatal part is the onlyOwner before it:
Whoever holds the owner private key can mint.
Counterintuitively —
Inflation steals your money not by dropping the token price, but by reducing your share.
You have 1000 tokens, total supply is 10,000, so you own 10%.
If they mint 990,000 more, you still have 1000 tokens, but only 0.1% ownership.
The token price doesn’t move a bit, but your share shrinks by 100 times.
Another trick is the Pixiu, appearing in 33 cases, accounting for 40.2%.
It requires a check in the transfer hook,
so your sell transaction fails immediately.
Among 79 cases with data, the median pool value dropped to just $0.80.
See for yourself:
Go to the contract page → Write Contract → find mint.
Then check the owner field.
Only writing 0x0000…0000 means abandonment; if there’s an address, someone still holds the keys.In this market cycle, $ZEC has not been analyzed yet. As the leading token of Dragon One, it combines multiple narratives: privacy coin mainline + ETF compliance implementation + technical security fixes + institutional capital entry. It is undoubtedly the brightest star of this round. At the daily level, no distribution signals have appeared; only at the lower 30-minute level has there been a trend change. This minor trend change can be seen as a major-level pullback, and every such pullback presents an opportunity. As mentioned before, since it started from $500, there have been no daily-level triple buy entry opportunities. Its recent candlestick pattern is almost identical to $ETH. Whenever the market rises, it will only rise more. However, for small investors like us, such a token no longer offers good cost-effectiveness. 🔥 SanDisk SNDK + Micron MU: AI Storage, The Next Wave Opportunity?
Recently, I've been following both SNDK and MU, and I hold related contracts myself.
Why focus on this sector?
In short: AI is not just about GPUs; data centers also rely heavily on storage.
AI computing power keeps expanding → demand for HBM, DRAM, NAND, enterprise SSDs rises → storage manufacturers' profitability improves.
SNDK: more focused on NAND, SSD, and data center storage.
MU: DRAM + NAND + HBM, with a more direct AI server logic.
But the biggest issues now are clear:
⚠️ The price increase has been significant, and market expectations are very high.
⚠️ MU's September 30 earnings report is approaching, which may amplify short-term volatility.
⚠️ Positive news realized ≠ stock price continuing to rise.
My logic is simple:
If AI data centers continue to expand and storage demand keeps growing, this sector's story is far from over.
Currently, I continue to watch the SNDK + MU + HBM + NAND industry chain closely, focusing on earnings reports, storage prices, and capital inflows.
Which do you think deserves more attention in the next phase, SNDK or MU? $SNDK $MU #闪迪获Rosenblatt买入评级，目标价2400美元 #美光加码AI存储，十年研发投入100亿美元 $FIL How likely is the Filecoin project to achieve real-world application?
1. Already implemented with high certainty
- Mainnet has been running long-term; official 2026 network capacity is about 1.95 EiB, with many active customers over 1 TiB, FVM smart contracts, IPFS incentive layer; cultural archives/research data already have PB-level on-chain storage.
- Messari 2025 Q3: active storage transaction data at 1110 PiB, utilization increased from 32% to 36%; 2491 real datasets, among which 925 exceed 1000 TiB; Internet Archive, universities/research institutions, and some enterprises use Fil+ for long-term archiving.
- Technology stack expanded from "cold storage" to programmable: FVM smart contracts, PoRep/PoSt, PoDP hot storage verification in 2025, Filecoin Onchain Cloud/S3-style access, retrieval and CDN optimization.
- Clear scenarios: NFT/Web3 metadata with IPFS backend, long-term archiving of research and culture, verifiable AI training datasets, RWA/on-chain asset attachments, government/library cold backups.
→ If you ask "Will Filecoin completely fail or have no real usage?" the definite answer is: low probability; as cold archiving/verifiable long-term storage, the probability of implementation can be given as 80%–90%.
2. Implemented but with limitations, unlikely to "dominate" quickly
- New transactions in 2025 Q3 dropped 19% quarter-on-quarter, daily new additions fell from 3.4 PiB to 2.8 PiB; small short orders shrank, shifting to large clients/verified data. This indicates real demand exists but expansion is slow.
- Retrieval/hot data still weaker than centralized cloud: traditional S3, Backblaze, R2 are more mature in latency, SDK, enterprise support, compliance certification; Storj uses S3 compatibility and low latency to better capture enterprise hot storage, Arweave better for "permanent undeletable" storage.
- Supply side is clearing out: after v27 upgrade, small storage providers exited, total capacity dropped from 3.3 to 3.0 EiB, utilization rose but new additions slowed; this is "quality improvement" not "volume expansion."
- Token economics still influenced by block rewards, staking, Fil+ subsidies; real paid usage is increasing, but whether it can break free from "incentive-driven" depends on enterprise renewal rates in 2026–2027.
→ If asked "Will it become the main enterprise cloud for general use and hot data replacement for AWS S3 in the next 3 years?" the definite answer is: low probability, about 20%–35%; more likely to be "a verifiable/archival/compliance layer in hybrid cloud."
3. Overall single judgment
Based on "real-world implementation" usually understood as having real customers, real data, sustainable technical products:
- Cold storage/long-term archiving/research culture/Web3 verifiable storage: high probability of implementation, about 85%. Based on current 1110 PiB active data, 36% utilization, 2491 real datasets, continuous institutional client onboarding.
- General enterprise hot storage/real-time business replacing centralized cloud: low to medium probability, about 25%. Limited by retrieval latency, S3 ecosystem, price and operational maturity.
- Entire project zeroed out/complete failure: very low probability, <10%. Technology and institutional adoption have passed proof-of-concept stage.
4. Key risks (factors that could lower probability)
1. Slow real paid conversion; if Fil+ verified data relies on subsidies, utilization is inflated;
2. Retrieval/hot layer fails to develop, only "cold storage" not "cloud";
3. Concentration of large storage providers, small SPs exit, decentralization narrative weakened;
4. AWS/Backblaze/R2 continue price cuts, zero egress fees, Filecoin's price advantage eroded;
5. Crypto bear market causes FIL staking/rewards imbalance, affecting storage provider stability.After $BTC surged, the market started favoring a clear downward roadmap.
There is about $5.2 billion liquidation liquidity below $80K–$85K,
and only about $2 billion above $87K–$90K, so the data indeed leans downward.
But the more widely accepted the scenario, the more likely it is to be exploited in reverse.
If everyone is waiting for a drop, the price might actually move up first.
Don't be on the exploited side.When the entire sector is falling, who is truly holding up against the selling pressure?
The answer lies in relative strength. $QI plunged 33.45% in 24h, currently priced at 0.002978, a drop far exceeding $INJ's -5.50% in the same period, while $RUNE rose against the trend by +14.33%. Horizontally, QI's MA5=0.0029162 is already below MA20=0.00331705, the MACD histogram at -8.149e-05 remains bearish, RSI=46.1 is neutral to weak, but the price is close to the Bollinger lower band at 0.00248859. The amplitude of 30 K-lines reaches as high as 79.55%, representing a typical oversold high-volatility structure—such assets often experience a technical rebound after panic selling. Meanwhile, $INJ also shows a bearish arrangement with a funding rate of -0.0097%, indicating overall sector pressure. QI's extreme drop actually offers short-term odds.
Directional judgment: short-term bullish rebound is expected, but limited to oversold recovery and does not constitute a trend reversal. Entry reference is 0.00290–0.00298, because this range is close to MA5=0.0029162 and near the Bollinger lower band, providing support resonance; take profit 1 is at 0.00332, corresponding to the resistance at MA20=0.00331705; take profit 2 is at 0.00365, above the Bollinger middle band in a previous dense trading area; stop loss is set at 0.00245, breaking below the Bollinger lower band at 0.00248859 invalidates the oversold logic.Closed positions one after another yesterday. 📊 Held $BEAT for a month and $AKE for three days, turning 35,000U + 12,000U in unrealized profits into realized gains. 💰 I may also close my $LAB positions today to lock in more profits. Why? 1️⃣ The broader market trend is still upward, with several altcoins showing strong momentum. 2️⃣ The risk/reward is becoming less attractive at current levels. 3️⃣ I need capital for rotation—unrealized profits can’t be redeployed until positions are closedCME is launching $UNI perpetual futures, shifting institutional pricing power forward, but coin holders still get zero dividends. Who exactly benefits from this positive news?
Current price is $9.59, CME plans to launch UNI perpetual futures on 10/19. The community has approved a 74% fee burn mechanism, and on-chain AMM volume still ranks first among DEXs.
CME futures pull UNI from retail hands into institutional pricing, increasing liquidity but coin holders do not directly receive fees. The 74% burn vote signals token deflation, but income still goes to liquidity providers, with no change in coin holders' ledgers. The benefit is a valuation anchor, not cash flow.
Summary: Risk-neutral to slightly bullish, support at 9.0 aiming for 10.5. UNI's rise reflects institutional pricing power expectations, not coin holders' wallets. Don't mistake hype for dividends. $ETH 2690 has become the slowest among the three.
$BTC dropped from 85200 to 84208, $HYPE at 92 still holds, only $ETH is stuck at 2690.
Current position: 84000 is the lifeline for $BTC; if it breaks, look at 83000, if it holds, it can reach 86000.
Who's dragging behind: $HYPE has 97% protocol revenue buyback support, $ETH ecosystem funds haven't flowed back; if 2700 can't be broken, it will retest 2650.
Long-term holders know best who is holding and who is waiting during sideways movement; it's clear at a glance.
I'm just watching the 84000 line; if it breaks, reduce all three together; if not, keep holding.
As for when $ETH will catch up, wait until it first stands above 2700.
#BTC现货ETF连续6日吸金超28亿美元
#美债长端利率持续攀升，融资压力升温 #高利率下，黄金还能走多远？ $ETH $BTC $ARB Robinhood is really giving ARB money. This elasticity is not like a junk coin; it’s like it’s been ignited.
Where does the fire come from? Robinhood Chain launched its mainnet on 7/1, built using Arbitrum Orbit, with protocol net revenue flowing back 10% to the Arbitrum DAO. This chain has distributed real money to the ecosystem monthly, with ARB’s monthly income hitting $5 million, about 5 times what it was before Robinhood. The target price is even more aggressive, directly aiming for $10 by 2030 and $0.50 by 2026.
But the RSI at 74.93 is already overbought, derivatives Open Interest is $332 million, 60% of which is long positions, with heavy leverage. On 9/16, 92.65 million tokens (about 1.4% of supply) were just unlocked; the price didn’t crash then, but no one knows who holds the chips. Once Robinhood Chain’s fee subsidies fade, whether that volume remains is the biggest question.
Support is seen at 0.211 to 0.212; if broken, it could fall back to 0.165 (50% retracement level); resistance is at 0.25. The narrative is real, but the chips are dirty; don’t hold faith for the short term, reduce positions if it breaks 0.211. Today the account finally got some breathing room.
$DOGE and $ETH shorts delivered strong gains, while $BEAT took only a small hit.
$DOGE is near 0.0924, targeting 0.09; $ETH is around 2661, watching 2600.
$BEAT remains a minor position with a small unrealized loss.
Overall, +1,200U—staying patient and letting the trades play out.#BTCETF2.8BInflowStreak #USLongTermYieldsRise #Hormuz7DayPlanRejected A privacy coin just acquired an income layer.
Grayscale filed for a Zcash High Income ETF designed to target biweekly distributions using options on its existing ZCSH fund not by holding $ZEC directly. 80% of assets would go into Zcash-options.
option income can cap upside while downside remains. After ZEC’s explosive run, Wall Street is now engineering yield around the volatility itself.
The filing was reported today, and $ZEC is confirmed actively tradable OKX reports $1.14B in 24h ZEC volume,Green Mao opened five short positions tonight, but actually only bet correctly on one thing.
The reverse navigator has entered the market again. Five positions, three coins, all shorts. Currently, the floating profit on the account is over 4,000 U, but if you break down the three coins, they are completely three different stories.
$ZEC: The only one that fell, and also Green Mao's profit source. It dropped from 1553 / 1591 to 1534, with two positions earning a total of 2825 U, accounting for 67% of the total profit.
$ETH: Not a drop, but grinding. Opened at 2694 and went to 2686, 100x leverage eating an 8-dollar drop, earning patience money. Also, he opened two trades, one at 2694 and one at 2711—this is not about judging direction, but averaging cost within a range.
$BTC: The only losing one, and the only fatal one. Opened short at 83976, now at 84100. With 100x leverage, if it rises about 1% more, this position will be gone. Opening a long-short position in the middle is not analysis, it's coin flipping.
And he happened to give the highest leverage and the most awkward position to the strongest coin.
He is the reverse navigator. This is what he said himself, not me.
I'll give a verifiable judgment: If BTC does not break 84800 tonight, I'll delete this; if it breaks, I'll keep it.
#BTC现货ETF连续6日吸金超28亿美元
#美债长端利率持续攀升，融资压力升温
#特朗普据悉拒绝7天方案，霍尔木兹重开再生变 Circle minted a total of 500 million USDC on the Solana chain in two batches of 250 million each, completing the entire operation within 6 hours. In fact, large-scale minting is no longer a new phenomenon; this year, the cumulative USDC minting volume on the Solana network has already exceeded 70 billion USD, with tens of billions of dollars flowing in weekly on average.
It is important to clarify a key point: USDC minting does not equate to printing money out of thin air. Every USDC issued is backed by an equivalent amount of USD deposited into Circle's reserve account. This 500 million USDC minting means that institutions or users have transferred 500 million USD to Circle to exchange for USDC for on-chain transactions, representing real, tangible capital demand rather than a mere accounting entry.
Given this scale, retail investors can basically be ruled out; behind this are institutional funds reserving liquidity for DeFi, RWA asset settlements, and cross-border payments. With the advancement of the GENIUS Act and the gradual clarification of the stablecoin compliance framework, the pace of institutional entry has clearly accelerated.
USDC on Solana has repeatedly surpassed 10% of the total USDC supply this year. Ethereum remains the main stronghold for stablecoins, but its share was only 3% a year ago. This is not just a market story; it is real money voting with on-chain actions in favor of the Solana ecosystem. $BTC $ETH $SOL #CME拟推BCH与UNI期货 $JTO is slightly bullish in the short term, but don't chase yet
With nearly an 18% bullish candle present, the first reaction is definitely the fear of missing out. However, the most counterintuitive aspect of this move is that the more volume surges sharply, the easier it is to form short-term trapped positions at high levels. The price is running close to the 24-hour high, but the hourly chart shows a slight decline, indicating considerable selling pressure above. Don't let emotions drive you; the current risk-reward ratio does not support blind chasing. Wait for a clear pullback support or a valid breakout signal before acting.
Trading plan: Slightly bullish short term, but only trade on pullback confirmation or breakout confirmation
Trading advice: Consider entering after a stable pullback between 0.5623–0.5687; if it strengthens directly, follow after breaking above 0.582. Set stop loss at 0.5539, take profit first at 0.6273, then at 0.6679.
#BTC现货ETF连续6日吸金超28亿美元 $ZEC is back near 1530 after rebounding toward 1600 and pulling back.
1530 remains an important support zone. A brief dip below 1530 could trigger long liquidations around 1520, potentially creating a bear trap before another rebound.
For now, I’m watching whether 1530 holds and whether short positions continue to build.
#BTCETF2.8BInflowStreak #USLongTermYieldsRise To be honest, sisters, recently scrolling through $BEAT updates has been a bit overwhelming.
The sentiment in the group is completely polarized—some are shouting it's going to crash, while others feel it's about to take off. Every day there's all kinds of debate, making people feel excited one moment and anxious the next.
But I've been watching the market myself these past few days, and I actually think its trend isn't as weak as imagined. The price hasn't suddenly surged, but it has been slowly oscillating at a low level, and the pullbacks haven't been particularly extreme.
I’m not expecting it to shoot up to a very high level right away. If this time it can first return to around 0.34, that would be enough for me.
After all, holding from around 0.20 up to now has really been a long wait. Watching the account numbers shrink bit by bit during unrealized losses is a feeling only those who have held positions truly understand.
If $BEAT can really climb back above 0.34, I can at least reduce my losses, and then consider whether to keep holding or look for an opportunity to exit.
Also, the project itself isn’t completely without data support. Audiera has actual business and revenue, and it continues to conduct buybacks and burns, with a cumulative burn amount exceeding 23.98 million tokens.
Of course, none of this guarantees the price will rise; the market ultimately depends on capital, sentiment, and actual trends.
Right now, the bullish and bearish sentiments are quite intense. If short positions remain concentrated, a rapid surge could indeed trigger a noticeable wave of forced liquidations.
Personally, I really don’t have any big goals. I am the mid-term intelligence guy.
Just saw analyst Darkfost's data showing that $BTC long-term holders (LTH) inflows to exchanges have clearly cooled down, and the market is returning to rationality.
Review: The bull market peak in March 2024 saw LTHs selling frantically, with daily inflows over 5 times the annual average; the 2025 peak was calmer, but activity surged after the bear market started, with daily inflows rising from 600 to 1000 coins. Near the bear bottom, inflows repeatedly exceeded expectations, reflecting high-level trapped holders cutting losses.
From the intelligence guy's perspective: current LTH inflows have cooled, combined with 81% of chips unmoved previously, indicating old whales are locking positions and reluctant to sell, exhausting selling pressure. Institutional ETFs aggressively accumulating combined with on-chain rationality is a typical bottom consolidation.
Hold mid-term base positions, add in batches on dips, don’t get shaken out by macro volatility.
$ETH
$SOL
#BTC现货ETF连续6日吸金超28亿美元
#Strategy提议为优先股发放每日股息 Each cycle of the crypto market is accompanied by retail investors' illusory dependence on a "full altcoin frenzy," yet the cold micro-level capital structure is completely shattering this futile fantasy. Investors holding a portfolio full of altcoins find that while Bitcoin repeatedly hits new highs, most alternative tokens not only underperform the market but even continuously hit historic lows when measured against exchange rates. The root cause of this phenomenon lies in the fundamental transformation of the industry's liquidity pattern and token economics. The wealth spillover logic of past cycles was built on internal capital circulation: after Bitcoin's breakout, early profit-taking funds, lacking compliant exit channels, used high-beta altcoins as amplifiers for fiat profits; however, the incremental funds in this cycle almost entirely come from spot ETFs and institutional accounts. BlackRock and Fidelity's custodial accounts are bound by extremely strict risk control clauses and fiduciary responsibilities, and these multi-billion-dollar traditional capital sources absolutely cannot, nor have any legal channels to, purchase an anonymous Layer 2 token or a Meme coin with no fundamental backing. They represent truly closed-loop, one-way liquidity. Even more brutal is the malignant inflation on the altcoin supply side. Under the chaotic expansion of the venture capital (VC) model in recent years, thousands of projects with high fully diluted valuations (FDV) and extremely low circulating supply have been pushed en masse onto exchanges, releasing hundreds of millions worth of unlocked selling pressure every month. Market makers and early investment institutions' sole demand is to cash out cost-free code before the bear market expires, which results in retail buy orders in the secondary market facing an almost endless supply of tokens.$MUBARAK opened a guaranteed stop loss, but it was a market stop loss, resulting in slippage down to 0.058. With 20,000 units, this is possible, showing how scarce real counterparties are. Large orders can be easily blown up.7 days, $2.97 billion.
On average, over $400 million flows into $BTC every day.
This is not a volume retail investors can achieve.
I was stunned when I first saw this number, but after thinking it over, it actually makes sense.
The money from spot ETFs is different from retail investors; it doesn’t look at candlesticks or sentiment.
It looks at allocation needs.
Simply put, some big money thinks the current price level is worth buying slowly.
$134.5 million a day, nearly $3 billion over 7 days, this isn’t a rush-in-and-run scenario.
When this kind of money comes in, it may not pump the price in the short term, but it supports the bottom.
For long-term holders, this is more substantial than any positive news.
What you should really worry about isn’t the price, but whether you still hold any chips.
Money is coming in, coins are going out; in the end, time will tell who is right and who is wrong.
Don’t believe it only after it rises, because then you’ll be the one catching the falling knife.
#BTC现货ETF连续6日吸金超28亿美元 $BTC Brothers, at this point, absolutely do not blindly short or long $ZEC. Whoever shorts will regret it, whoever touches it will be unlucky!
Because right now it's clearly a bearish situation, a downtrend, but the big players are stubbornly holding on, even if it breaks the support line, they can still pull it back. With such tough big players, if you try to bet on it going short or long now, you can easily get trapped. You can wait a bit longer to let the trend become clearer. If you really want to trade, you can do a short-term short or long to try your luck, because the volatility is quite large now, so quick in and quick out is the way to go.
ZEC short position opened at an average price of 1466, current price 1539, down 15%, margin 87, liquidation price 2104. It pulled from 1466 to 1539 again, this rebound exceeded expectations, but it just can't fall or rise, just grinding back and forth. On the order book, there are sparse sell orders pressing between 1539.78 and 1539.67 above, and the buy side is not strong either. The long-short ratio is 31% to 69%, with shorts actually dominating.
Why is the trend unclear? When shorts are crowded, it rallies all the way; when longs counterattack, it moves sideways. On-chain whales are withdrawing coins to accumulate, while others are distributing and rotating positions, with bullish and bearish factors intertwined, making the direction completely unclear. The daily RSI has already shown bearish divergence, price making new highs while RSI forms lower highs, indicating weakening upward momentum.
Brothers, in such an unclear market, absolutely do not hold heavy positions stubbornly. Find high points to bet short for the short term, find low points to bet long for the short term, quick in and quick out is the right way.
#BTC现货ETF连续6日吸金超28亿美元 $BTC $ETH BTC continues to consolidate, but SUI's trading volume has clearly expanded. Tonight, I will focus on 1.20.
Today's market increasingly looks like capital rotation.
BTC is still fluctuating around $84,000, but some altcoins have significantly higher trading activity than the overall market.
ENA strengthened in the afternoon, and tonight I started paying attention to SUI again.
I just rechecked the market; SUI is around $1.16–$1.18, and today's total market volume has already exceeded $1.8 billion according to CoinGecko.
Currently, my stance is: short-term bullish.
Key support to watch below is $1.15 to see if it can hold.
On the upside, I am directly observing the $1.20–$1.22 range.
If there is continued capital support around $1.15 and volume picks up again to break above $1.20, I will keep monitoring the continuation after the breakout.
If it clearly breaks below $1.15, I will reassess this upward structure.
BTC hasn't given a particularly strong direction today, so I am instead more focused on:
Which coins are truly gaining trading volume.
Currently, SUI is one of them.
$SUI $BTC
For real-time market data, refer to the OKX trading page.Technical Signal Interpretation:
· MACD histogram precisely returns to zero: momentum has fully neutralized, the 12-period EMA (79,752) remains below the current price, but acceleration has stalled—buying is waiting, not pushing.
· RSI at 64.16: still constructive, neither overbought nor falling, hovering in the upper-middle range.
· Stochastic %K 73.14 crosses above %D 58.51: short-term bullish bias, but Bollinger Band %B is 0.80, price is running near the upper band, about one ATR away from the upper band at $86,818.
· Order flow contradiction: top trader long-short ratio is 1.33 (57% long / 43% short), but the buy-sell ratio of market orders in the past hour is 0.80, aggressive sell orders exceed aggressive buy orders by about 25%—retail investors are selling on rallies, while large players are quietly absorbing with limit orders.
$BTC $ETH $SOL #Strategy提议为优先股发放每日股息 The 10-year US Treasury yield peaked at 5.196, the 30-year at 5.48. Despite this siphoning effect, Bitcoin is still hovering around 84,000. ETFs have seen a net inflow of 2.65 billion USD over five days, with 999 million USD flowing in on Monday alone. This level of support is already quite strong. XRP is at 1.53, Solana at 117, Ethereum at 2687, none have crashed. The 350 million USD theft from Bitget has barely been priced in by the market, indicating that on-exchange funds are currently focused only on macro factors and ETFs.
I just opened the window of the guard booth to let some air in. Outside, a car is stopped at the barrier waiting for registration; I pressed the lever to raise the barrier.
BTC is now at 83,971, with the market showing a narrow consolidation as a bullish continuation. The daily moving average support hasn't broken, but MACD momentum is shrinking, and buying power is indeed a bit lagging. Looking at the liquidation map, there are many long positions stacked below 83,200, and strong short liquidation momentum around 85,200. The main force will likely first push down to shake out long positions between 83,200 and 83,500 to grab liquidity, then pull up to trigger stop losses above 85,200.
In terms of trading, keep light long positions, avoid heavy exposure. Enter in batches between 83,500 and 83,800, with stop loss defense at 83,000; if broken, accept the loss. The first take profit target is between 85,000 and 85,200; reduce positions once reached. The 83,000 level is critical—watch it closely.
$BTC
#财报观察员：好市多业绩超预期，美光接棒
@OKX星球 🇨🇳 AERO Chinese Interpretation｜October 21
This content expresses a bullish trading view on AERO, with the core catalyst being the expansion/launch plan on October 21.
🟢 $AERO LONG (Original Trading Plan)
Entry Zone: $0.8861–$0.8956
Stop Loss: $0.8704
TP1: $0.9248
TP2: $0.9439
TP3: $0.963
🚀 Why focus on October 21?
The original text states that AERO will expand its chain coverage to 7 new chains:
Base, Ethereum, OP, Arc, Ink, Arbitrum, Robinhood
The author believes this will significantly increase AERO's on-chain coverage on the first day of launch, expanding the current approximately 17% EVM spot trading volume coverage to about 3 times.
🧠 Simple understanding
The logic is:
More chains → larger user/liquidity coverage → more potential trading volume → expanded market space for AERO.
So what the author really wants to observe is not "price will definitely rise after launch," but:
What will be the reaction of AERO's price and trading volume after the expansion on October 21?
Note: "Coverage expanding 3 times" does not mean AERO's price will definitely increase 3 times. The actual effect still depends on real users, liquidity, trading volume, and the market's response to this expansion.The choppy market is a bit like a headless fly, getting hit wherever it goes.
$AAVE has risen somewhat ridiculously. Since bottoming at 61 in June, the main funds have been aggressively pushing it up, and now it's reached $156 with no pullback at all.
$ETH's market hasn't fully recovered yet; it's been fluctuating back and forth within a range, with both bulls and bears acting like headless flies, getting hit repeatedly.
$BTC remains weak and choppy. After dropping from a high, it tested the upper resistance level, but each time it hasn't reached it, a spike pushes it back to the original level. The strong resistance at 85,600 can't be broken, so don't think about chasing longs.
My position plan: $ETH stuck around 2700 for a long time; today I took back my short position on $ETH. For AAVE, I plan to observe; if it can't break the previous high, I intend to start setting up short positions. Wish me luck, hoping to make a big profit this time.
The above is just my personal market insight and does not constitute any trading advice Be careful chasing long on $ZEC now, you might end up right at the peak.
My current short position is not only waiting to break even but also aiming for profit.
Looking at the weekly chart, the momentum for a pullback has long been building up.
It's not just ZEC; BTC and ETH also harbor hidden risks.
This is why Billion Brother recently warned to be cautious of a major weekly-level pullback.
Once BTC breaks below 79,000, even if the long position only gains 1,000 points, I will choose to take profit and exit.
Once the weekly pullback is confirmed, BTC is very likely to break below 78,000, and ETH’s 2,500 support won’t hold either.
ZEC’s earlier surge was too steep, so the pullback will be even more severe, with the first target at 800.
If there is a rebound afterward, I will continue to add to my short positions.
#BTC spot ETF has attracted over $2.8 billion in inflows for 6 consecutive days
#US long-term Treasury yields continue to rise, increasing financing pressure
#Trump reportedly rejects the 7-day plan, Strait of Hormuz reopensETF keeps attracting funds, but BTC is pretending to sleep at $84,000.
The money has come in, so who is holding the price down?
The US BTC spot ETF has had net inflows exceeding $2.8 billion for 6 consecutive days, and as of September 25, it marked the 7th day of inflows, adding about $134 million more.
Buying pressure is strong, yet the price hasn't reclaimed $85,000, indicating that profit-taking, trapped positions, and high interest rate pressure around $87,000 are also significant. It's not that no one is buying now; some are buying, but others keep selling.
BTC: Keep an eye on $83,000–$85,000. Only if it holds above $85,000 is there a chance to test $87,000 again; if it falls below $83,000 and can't recover, watch out for $82,000.
ETH: Still watching if $2,680–$2,700 can hold; if it does, look at $2,760 and $2,820; if it breaks below $2,630, the bulls' plan is canceled.
OKB: Don't chase for now; wait until BTC stabilizes and volume returns before participating. When the market lacks direction, it’s hard for it to run far alone.
SOL: Clearly more resistant to decline; if it doesn't break $118–$120 on pullback, it’s worth watching; if it holds above $123 with volume, then look for new upside.
ZEC: Just experienced a whale closing short positions; there is short-term buyback demand, but don't chase. As long as 202,000 spot coins aren't sold, the trend can still be observed; once spot moves, slow runners will be left with buy orders.
ETF is responsible for absorbing supply; the market is responsible for offloading it.
I am responsible for research, then buying where the two sides fight the hardest. After BTC dropped to 84,000, it has been sideways for two days, and I am now not in a hurry to guess the direction.
Since the pullback from 87,395, BTC is currently trading around 83,900.
There are three points worth noting:
① The price has returned near MA7 but is still below MA25;
② Around 83,000, multiple probes downward have not yet formed an effective breakout;
③ The recent few 4H candlesticks are narrowing, and volume has clearly decreased.
This indicates the market is more like waiting for a direction rather than having chosen one.
Therefore, I will not be immediately bearish just because it fell from 87,000, nor will I be immediately bullish just because 83,000 is temporarily holding.
Next, I will focus on two levels:
83,000: If it breaks down with volume, I will reassess downside risks;
85,000: If it stabilizes again with volume, the short-term structure will clearly improve.
$ETH $SOL $BTC
#特朗普据悉拒绝7天方案，霍尔木兹重开再生变 #美债长端利率持续攀升，融资压力升温 #BTC现货ETF连续6日吸金超28亿美元 Why have long-term U.S. Treasury yields surged again? Is this time going to wipe out Bitcoin entirely?
The 10-year Treasury yield hit 5.2%, and the 30-year yield broke through 5.5%, both reaching their highest levels since 2004. What's worse is that the nature of this rise has changed. Previously, the increase was driven by market expectations of rate hikes; now about half of the rise comes from an expanded term premium. In other words, investors are starting to find U.S. Treasuries too hot to handle and are demanding higher risk compensation.
Why can't it be contained? Three things exploded simultaneously.
First, U.S. federal debt has surpassed 40 trillion, with interest payments this fiscal year approaching 1.2 trillion, already exceeding defense spending. Bonds issued during the low-interest era are maturing intensively, and refinancing costs have directly doubled. Second, AI giants are also competing for funds; tech companies are expected to issue about $225 billion in bonds in the first half of 2026, competing with the government in the same funding pool. Third, oil prices have surged past $100, inflation expectations remain high, and four Federal Reserve officials have collectively turned hawkish, with about a 70% chance of a rate hike in October.
What does this mean for Bitcoin? With the risk-free rate above 5%, the cost of holding zero-yield assets is too high. Bitcoin was hammered down from 87,000 to around 83,000—not because it’s not trying, but because funds are being sucked into U.S. Treasuries.
In short: as long as this fire in the bond market doesn’t die down, Bitcoin can only look for opportunities in the cracks. So Bitcoin’s sideways movement on Saturday with no chance to break out is indeed normal! $ETH $SOL $ZEC #LongTermUSTreasuryYieldsKeepRising, financing pressure heats up The expansion of stablecoins built on token issuance subsidies is coming to an end.
According to the official announcement from Ethena and Odaily/Foresight on 9/26: Since the first airdrop in 2024, token incentives related to USDe growth have decreased by about 85%; starting from the end of this month, all related token incentives and inflation will be completely stopped and no longer distributed. Stopping subsidies ≠ USDe delisting, incentives dropping to zero ≠ on-chain earnings dropping to zero, announcement ≠ immediate zeroing of every product line. At the time of writing, OKX ENA is about 0.277, BTC about 83966. The above is compiled from public reports and is not investment advice.