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California Governor Newsom signed a new regulation: banning public officials from issuing meme coins.
This might look like gossip, but it actually hits a very real conflict of interest—officials hold policy, approvals, and regulatory authority, then turn around to issue a coin whose value depends on their own fame, effectively monetizing public power in disguise. If the coin rises, it's a variant of insider trading; if it falls, it means using the public as exit liquidity.
What’s even more noteworthy is the signal behind it: meme coins have become so popular this round that regulators have to specifically set rules for them. When an asset type requires separate legislation to plug loopholes, it means it’s no longer marginal.
A simple reminder for retail investors—coins issued by public officials, no matter if packaged as community or culture, are essentially a power premium.The CoinEx announcement is very straightforward: starting from the 29th, all spot trading will be suspended, and any unfilled orders will be canceled; if you want to withdraw non-USDT coins in their original form, you must do so before this deadline. After that, coins with liquidity will be handled by the platform and converted into USDT, while those without liquidity may be delisted directly, and wallets will no longer be maintained — most of the people rushing now are those stuck with long-tail coins. Many are still focused on the withdrawal deadline at the end of December, but the real bottleneck is the suspension of spot trading first. The remaining CET will be automatically repurchased at the announced price, and the native chain and OneSwap will also shut down accordingly. Some in the community are already shouting that large amounts of tokens are still lying on the chain and haven't been moved out. The platform says the reserve ratio is over 100% and that this is an orderly exit, which is better than a sudden run; but if you still leave your original coins inside waiting for disposal, the form you get later is out of your control.Reckless investing leads to visible pain from losses, and account shrinkage is reflected in clear numbers; whereas inflation is chronic—your principal remains intact, but your purchasing power is gradually diluted.
Because there’s no alarm sounding, most people don’t consider it a loss.
This is why asset allocation is unavoidable, not something to postpone until "you have money."
Holding cash itself is a position, and it’s a long-term position with negative returns.
The difference is whether you choose to actively bear volatility or passively accept shrinkage. Now that I choose long-term targets, I no longer look for gold in the altcoin pits.
Most altcoin projects have no revenue, and many don't even have clear, sustainable income sources. Their prices mainly rely on narratives and market hype. There are so many companies in the US stock market with stable income and understandable businesses; I don't need to watch altcoins every day waiting for a sudden pump. For me, if a project has no actual revenue and no visible path to generating income in the future, it's hard to consider it a long-term target.
I entered the market on December 13, 2021, and roughly went through a full cycle from bear to bull market. At first, I mainly shorted, riding all the way down to the bear market bottom, multiplying my principal about tenfold. Back then, altcoins often suddenly surged or spiked; I endured several of those. Looking back now, surviving was mainly because I chose the right direction and kept low leverage. Later, I even ranked among the top on Binance's TraderWagon copy trading platform.
When the bull market came, I felt Bitcoin's upside was limited, so I switched to going long on a bunch of altcoins. My principal grew quickly, so fast that I thought I had figured out the market's temperament. Then news of a missile strike in the Middle East came out, causing violent market fluctuations, and my positions were all liquidated. After that, I realized: making money in the last cycle doesn't mean you can do the same in the next; being right a few times before doesn't mean the market owes you a win.
An elder once said that only those who have experienced a full cycle can make money. At first, I thought I might be different, but later I realized I'm just an ordinary person. So now, I'm more willing to be friends with value and time. I can participate in the bull market, but I only use part of my principal to embrace the bubble; if the direction is wrong, I exit promptly and don't fight the market.
I also watch funding rates. From my experience, since the US stock market heated up recently, many stock tokens have very high funding rates, while the crypto space overall seems quieter. Altcoins have small market caps, and when the market comes, they can indeed pump many times quickly, but I don't necessarily have to catch those opportunities. Now, I prefer to put my time and funds into things I understand and am willing to hold long-term.
Being able to see opportunities, let go of opportunities, and still have my account safely in the game—that's steady happiness for me.
Written at: BTC 84,610 USD #交易之声：你的经验值得被听到 PEAR migration, one-way gate, once you go in, you can't come out
Migration portal opens on October 12, PEAR on Arbitrum will be swapped 1:1 for new tokens on HyperEVM.
What the project team is thinking: old chain locked, no way back. After migration, old tokens are locked directly, no transfer back to Arbitrum.
Even more absurd: PEAR already listed on Hyperliquid spot market, the official says it has nothing to do with them. So who listed it?
Looking back, 2 billion cumulative trading volume, fees only 1.3 million. This commission ratio indicates most volume is wash trading.
70% of revenue goes to buyback and burn, 30% to the team. But with such a small revenue base now, how much can buyback actually buy?
The portal is open until September 2027, leaving a full year buffer. Rushing to lock tokens but giving plenty of time, this rhythm is quite contradictory.
Has anyone in the community tried that fake PEAR on Hyperliquid?
#OKX预言家：第二赛季即将收官 $ZEC Just now, BTC was sweeping back and forth, brothers, are you all confused?
BTC just pulled back above 84900, then immediately dropped to 83890. SOL surged to around 122.8 but couldn't hold. That single bullish candle alone does look like a rise, but unfortunately, it couldn't sustain afterward.
Let's not guess who's shaking out whom for now. Based on the market at around 9 AM, I'm watching BTC at 84300. If it can't recover, even if it pulls up a few times in between, it can only be considered a rebound for now.
If you don't understand the market, don't trade. The market is always there; first, survive in this battlefield!
$BTC $ETH $SOL #BTC现货ETF连续7日净流入近30亿美元 #美债长端利率持续攀升，融资压力升温 $AKE This thing has cost me half my life.
I’ve been watching it for nine days, almost reaching enlightenment. I entered at a cost of 0.0473, with a 20x long position, thinking that support was pretty solid. But the next day after opening, it started sliding below 0.0038, and the highest it touched during that time was only 0.00389, without any decent rebound.
It kept dropping and I kept adding positions, got tricked by a manipulative whale, thinking it could still surge to 0.16. I did consider closing several times, watching it hover around 0.033, my heart in my throat, but I just couldn’t click. Always hoping for a break-even, even a rebound to 0.04 would have been fine, but the longer I waited, the further away it got.
I’m down 280 USDT in floating losses, it plunged to 0.028 and liquidated~ Ready to quit the scene, but with 500 left, I all-in on ZEC, $ZEC Staring at the screen again at 3 a.m. for a long time, the market volume has shrunk so much. Although all indicators are warning of overselling, the impulse inside grows wildly like weeds. I always feel like if I don't click the buy button a couple of times, I'm shortchanging the market. But looking back at previous losing trades, wasn't I always the one actively causing trouble? The system clearly shows it's time to wait, and reason tells me this is like blindly fishing in muddy waters, yet that greed of "not wanting to miss out" still scratches at my heart. Actually, the longer you stay in this industry, the more you realize that "doing nothing" is the most valuable practice. Push the keyboard away a bit, completely turn off the K-line charts, and sleep in naturally. Even if you catch nothing, it's better than wearing yourself down in a trash market. Don't let anxiety exhaust your judgment.
$BTC $ETH After I sold $RAY during the swing trade, I believe it's important to hold a light position as a base.
So I built a base position in $ENA, aiming to buy low and sell high.
Core advantages of $ENA
· Tokenomics reform implemented: The four reforms launched in August 2026 directly address past pain points. After October 5, it will no longer be affected by monthly VC unlock selling pressure, and the protocol value (IP) ownership has been clearly assigned to token holders.
· Clear value capture mechanism: The fee switch proposal passed with 100% approval. Once the USDe supply target is met, 95% of net revenue will be used for programmatic repurchase of ENA, with a backtested annualized repurchase scale of about $52.7 million.
· Business transformation offers new narrative: Ethena is shifting from a stablecoin issuer to a white-label infrastructure provider, having integrated with Conduit. Over 300 Rollups can deploy its stablecoin, and USDe backing is expanding to stock perpetual contracts.
Core concerns
· Thin protocol net profit: This is the most critical risk. There is a huge gap between Ethena's total fees and protocol retained revenue.
· Declining yield competitiveness: sUSDe yield has compressed from an average of 19% in 2024 to about 3.8%, on par with tokenized government bonds.
· Potential pressure from October 5 unlock: StablecoinX holds about 3.03 billion ENA (20% of total supply) locked tokens that will be unlocked. Although sales still require foundation approval, this remains a significant potential supply variable. Today's market did not move in unison; BTC remained flat, ZEC gave back the gains from yesterday's rally, and HYPE remained weak.
$BTC reported at $83,871, 24h -0.15%; $ZEC dropped 4.8% to $1,568, retreating from yesterday's high of $1,697; $HYPE fell 2.4% to $90.6, still near the lower boundary of the 94 range.
This is not a market-wide synchronized rally, but rather narrative coins digesting according to their own timelines after BTC stabilized.
ZCSH had a 3-for-1 split registration today, with post-split trading expected to start around September 30; the privacy channel remains. However, recent incremental buying has nearly stalled, and ZEC has already lost its new high momentum.
HYPE platform's fees on the 30th were about $72.6 million, but the unlock on September 29 of about 14.2M will pressure the spot market, nominally around $1.2 billion. Perpetual funding rates on both sides are near zero; ZEC positions are about $175 million, HYPE about $102 million, neither rising, suggesting supply calendar pressure is suppressing bulls rather than a short squeeze.
Looking ahead at two points: whether ZEC finds support at $1,550 on the pullback; and whether selling pressure after HYPE's unlock will result in a breakdown.
#BTC现货ETF连续7日净流入近30亿美元 #美债长端利率持续攀升，融资压力升温 The vast majority of people have no plan at the moment of placing an order—no reason for entry, no stop-loss position, and no clear idea of what counts as a misjudgment.
If they profit, they credit their insight; if they lose, they blame luck, and next time they continue to rely on feeling.
The significance of having a plan is not about predicting correctly, but about being able to review afterward:
Was it the logic that was wrong, or the execution? Those who can't distinguish between these two will not accumulate experience even after ten years of trading.
Writing it down clearly before buying is more important than finding any specific price point. Yesterday I came across a new coin. Interestingly, this altcoin has liquidity of only $170,000, but the contract trading volume reached $200 million $SOON
Today, the DEX liquidity has risen to $700,000. It's the type with sharp spikes, and some stubborn people are still shorting itAccording to analysis sources, $BTC holding steady above 84,600 USD through both the weekend and the start of the week at this level is a very strong signal. This price zone has completely transformed from resistance into genuine support: whenever there is a slight correction, buying pressure immediately appears, preventing the price from falling deeper. There is no major news directly impacting it, yet the price remains stable—that is the most reliable intrinsic strength. Sometimes the market doesn't need to run every day to go far; it just needs to not step back. #Arthur Hayes made a pretty sharp judgment: Saylor's "company hoarding coins" model has already passed its highlight moment.
The reason is simple — back then, Strategy became the main channel for buying BTC because ordinary people had no more direct or convenient options. Now that spot ETFs have been rolled out, those who want to allocate Bitcoin have a lower-cost, cleaner-structured path, so the necessity of "buying company stocks as a detour" has faded.
This doesn't mean it's selling, but rather that its scarcity is gone.
The value of a business model often comes from "what others can't do," and once substitutes appear, the premium must be re-evaluated.
Looking at these coin-holding companies, just seeing how many coins they hoard isn't enough; you have to see if they still have irreplaceable entry value.#Aave支持代币化美股抵押借USDC
Aave V4 launches on September 25, allowing non-US qualified users to collateralize seven tokenized US stocks
Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia, Tesla
into the protocol to borrow USDC
The significance lies in the use case, not the concept
Previously, RWA on-chain only solved visibility
Now it creates collateral credit, turning stocks into liquidity
The boundaries are also clear
The cap is about $29 million, still a pilot
Users are limited to non-US, excluding local capital
Full collateralization still leads to liquidation, and the SEC only grants temporary exemptions
So my judgment is
This is the first step of tokenization moving from trading to credit
Small scale, narrow threshold, the path is open
Watch the cap and borrowing volume
$AAVE $ETH #Aave #RWAThe $BTC crypto circle is becoming more like the US stock market, some thoughts on beta and alpha assets: 1. BTC is already a $1.8 trillion global blue-chip asset dominated by ETFs and institutional funds. The gains in this cycle will decrease, but likewise, the corrections during the bull market cycle won’t be that large. Do you see Nvidia or Apple having a 20-30% correction within a month or two? So if you treat BTC as a beta asset for volatility returns, the cost-effectiveness is getting lower and lower. Don’t expect it to hit 88,000 today and then drop to 70,000 next week. This cycle will most likely follow the US stock market up bit by bit. Next year, there might be a slightly larger 20-30% volatile consolidation range, but the overall trend is still upward. 2. For alpha trading (altcoins, on-chain, crypto stocks), only trade those with fundamentals, revenue, growth, and linkage to the coin price. Pure narrative-driven funds are gone. The bull market has been going on for three to four months, yet Binance still holds a bunch of assets with only narratives and controlled supply that no funds are interested in, and they haven’t gained any value so far. 3. Since alpha trading involves volatility, this volatility refers not only to price fluctuations but also to fundamentals. An extreme example is Ansem’s launchpad, which had nearly $1 million revenue on the first day but now doesn’t even reach $100. Unipc’s met pool Ember is similar. Stonk Pons’ revenue can go from 0 to 2-4 million daily within two months. Of course, the token price also#Strategy提议为优先股发放每日股息
Strategy changes preferred stock dividends from semi-monthly to daily payments, ostensibly to improve liquidity, but essentially to build a psychological moat around STRC's $100 par value.
Approved by the board on September 24, with a shareholder vote on October 28. If passed, STRC will have every calendar day as a dividend record date starting November 1, with the first payment on November 2; STRF, STRK, and STRD dividends are postponed to January 4, 2027. Dividend rate, total amount, and overall company obligations remain unchanged.
The motivation is in the details. STRC is a $930 million flagship with a 12% floating dividend, which fell below $75 in June and is currently at $98.40. After switching from monthly to semi-monthly payments in May, the median drop on ex-dividend days decreased by 27%. Strategy says daily accumulation is similar to a money market fund, aiming to keep STRC trading long-term between $99 and $100. Since June, 1.81 million STRC shares have been repurchased, totaling $176 million.
This is not expansion, but defense. Daily dividends make the price closer to par value, making preferred stock easier to sell, so the financing channel for buying coins can continue. Watch the October 28 vote results and whether STRC can stay above $99.4500 BTC, $378 million, moved just like that.
What annoys me the most isn’t the whale moving, but the phrase in the news "dormant for over four years"—four years, lying still without a move, then waking up with hundreds of millions in unrealized gains. For someone like me who just entered the space, watching the market every day, chasing hot topics, paying fees, after a year my principal has actually shrunk.
This gap isn’t a technical issue, it’s fate.
What makes me even more uncomfortable is that when this kind of news comes out, the first reaction in the group chat is always "It’s going to dump, run!" But the address it moved to—whether it’s selling, switching wallets, or going to an exchange—the news doesn’t say at all. Newcomers are most easily scared off here, then when they look back, the price hasn’t really moved much.
To be honest: when a whale moves, we don’t even know where it’s going, yet we scare ourselves to death first. This space never cuts money, it cuts mentality.
#BTC现货ETF连续7日净流入近30亿美元 $BTC ETH and BTC Key Level Observation
ETH encountered resistance around 2780–2800 and then pulled back, which aligns with previous analysis. The 2720 level has not been breached yet, and I have already reduced my position. Tonight, the focus is on 2700: if it breaks below, watch the 2670–2550 range below; if it holds, it may indicate a short-term exit to observe.
For BTC, continuing yesterday's approach: there is clear resistance above 87000, and 87300 was not broken, so short positions have been tested near this area. Currently watching the 87000–85000 range. If the price stays within this range, the market may consolidate sideways first before seeking a rebound opportunity.
Overall, ETH is defending against a breakdown, and BTC is range-bound. If key levels hold, hold cautiously; if broken, respond accordingly. The above is only my personal market record and does not constitute investment advice.
$BTC $ETH $ZEC
#BTC现货ETF连续7日净流入近30亿美元 #美债长端利率持续攀升，融资压力升温 #财报观察员：美光财报临近，AI存储需求成焦点 Cross-market liquidity contest: BTC's strength continues, ETH/SOL completes liquidity cleansing
Macro Background for Early Trading:
In the past 10 hours, Ethereum founder Vitalik Buterin has outlined Ethereum's grand vision for 2030—moving beyond its single-blockchain positioning to evolve toward a broader decentralized ecosystem. Although this macro narrative injects long-term fundamental confidence into ETH, in the short term, the derivatives market's smart money still follows a tightly regulated liquidity harvesting logic.
1. Smart money flow and liquidity map
From current core derivatives data, the overall funding rate for the market remains in a neutral range (+0.0039% to +0.0040%), indicating that retail investors have not shown extreme chasing gains or selling lows, and leverage premiums are relatively low. However, the accumulation of open interest (OI) reveals the true intentions of major institutions:
BTC accumulates high open interest (2,816,325 contracts): With a neutral rate, high interest accompanied by price consolidation at high levels indicates that both bulls and bears are building positions densely. With the daily close successfully reaching the previous high, Buyer Liquidity (BSL) is dominating the market, with the key liquidation zone locked at 85,661.91.
ETH seller liquidity fully delivered (OI: 5,986,583 shares): ETH quickly reclaimed after a pre-loss high, triggering a typical "sea."Weekend trading volume is only half of weekdays, Monday's opening candle chooses the direction
This weekend, the trading volume of $BTC and $ETH shrank to half of the weekday volume. BTC's daily volume is less than 5 billion, ETH less than 1 billion.
What does low volume mean? Poor liquidity. A single $10 million buy order can push BTC up 500 points, a single sell order can drop it 800 points. Those weekend spikes are caused by insufficient liquidity.
On Monday's open, Asia, Europe, and US markets all open, liquidity returns. If the weekend consolidation is a buildup, Monday's single candle will choose the direction.
Break above 85000, follow up to 87000. Break below 83000, short towards 80000.
Don't get whipsawed in the narrow weekend range; wait for Monday's open direction before making moves. #BTC现货ETF连续7日净流入近30亿美元 #ETH触及2500美元后震荡 #美债长端利率持续攀升，融资压力升温 ETH short positions on Bitfinex surged from about 771 to over 101,000 in two weeks, an increase of approximately 13,000%.
This reflects a change in position size, not profit or loss — indicating that capital is concentrating and unilaterally betting on a decline.
When a one-sided crowding reaches this level, the market usually has only two outcomes: either the trend plays out and shorts profit massively; or the price reverses, triggering forced liquidations that amplify the rebound into a short squeeze.
The key lies in the degree of crowding itself. Extreme positions mean the fuel for this direction is nearly exhausted — continuing to fall requires more new shorts entering, and once someone exits first, the chain liquidation will be very intense.
This is a typical crowded trade risk, dangerous on both ends. ZEC近期持续上涨的核心原因 ZEC（Zcash）近期持续上涨的核心原因 1、监管最大利空落地（最重要） 2026年1月，SEC结束对Zcash基金会的调查，不采取执法行动，多年悬着的监管黑天鹅解除，之前长期的“监管折价”消失，机构资金才敢进场。 注意：只是基金会调查结案，不等于隐私币完全没有监管风险，欧盟有隐私币限制法案，未来仍有政策风险。 2、灰度ZEC现货ETF（ZCSH）上市，带来机构增量资金 8月25日灰度ZEC ETF在美交易所挂牌，大量机构资金通过ETF买入，持续资金流入，是本轮上涨最直接的资金推手，大量场外资金获得合规配置渠道。 3、安全漏洞修复，消除最大技术恐慌 今年5月爆出Orchard屏蔽池漏洞，当时币价短期腰斩； 7月28日Ironwood升级上线，关闭旧Orchard池，新的隐私池经过审计，解决了伪造代币的安全隐患，市场担心的“凭空造币”风险消除，资金重新回来布局 。 4、链上治理投票利好，代币供给叙事强化 社区高票通过NU7升级提案： - 保留比特币式减半发行模型（总量有限，区块奖励定期减半） - 出块时间缩短，交易更快 市场理解为：长期新增供给会越来越少，The cruelest part of the altcoin season is that it makes you feel smarter than before.
The coins in your hand rise, your account starts to profit, and the numbers you previously dared not imagine actually appear.
Then human nature begins to take over trading:
Making 50% feels like you can still make 100%, making 100% feels like you can still make 200%, and when the market finally pulls back 20%, your mindset changes immediately.
So the real bull market strategy is actually very simple:
Don’t forget to sell a little when prices rise, and sell even more during a surge.
It’s not about being bearish on the market, but about respecting the cycle.
Keep holding the remaining positions, and don’t let the profits you’ve already taken ride the market roller coaster.
Altcoin season can quickly inflate your account, but a few big bearish candles can swallow back months of profits.
The hotter the market, the calmer you need to be. Every indicator is saying the same thing: a balance between bulls and bears, waiting for a directional choice.
The fourth truth: ETFs are buying, whales are buying, but retail investors are selling.
Looking at the capital flow, this is the most divided part.
On one side, ETFs are continuously buying. The US spot Bitcoin ETF has had net inflows for 7 consecutive trading days, totaling $2.98 billion, with capital flow turning positive since 2026. On September 21, the single-day inflow was $999 million, and on September 22, $714.7 million. BlackRock IBIT absorbed $350.3 million in just one day on September 22.
On the other side, whales are adding positions on dips. Whale address bc1qdp bought 536.93 BTC again on September 24, worth about $45.28 million. In the past 20 days, this address has accumulated 2,460 BTC with an average purchase cost of $78,966. Another data set: two whales went long on 2,031.58 BTC within 4 hours, worth about $171 million.
But on the other hand, long-term holders are taking profits. Data shows long-term holders are realizing about 72% profit, but the selling pressure is far less than at previous market tops. One whale transferred out all 4,500 BTC (worth $381 million) that had been dormant for over 4 years. $BTC $ETH $SOL #BTC现货ETF连续7日净流入近30亿美元 #美债长端利率持续攀升，融资压力升温 #财报观察员：美光财报临近，AI存储需求成焦点 New move by Mr. Jiu: opened a quarterly long BTC position, with a cross-margin position of 4 times.
Position: CM-25DEC26 contract, average opening price 85,643.8, current price 85,487, unrealized loss 0.73%. Holds 87.57 coins, maintenance margin ratio 3,794.29%, safety margin thick enough to make you drowsy, short-term liquidation has nothing to do with him.
But quarterly contracts aren't meant for intraday trading—with forward contracts and discounts, the cycle stretched to December 2026 is betting on medium- to long-term BTC direction. Right now, this pullback is just a daily shake, not a hanging tree.
The hidden danger lies in the word "full position." No matter how thick the margin, it cannot withstand continuous deep declines and erosion. The longer the time lasts, the more dramatic the swings in between. Whether it can return to profit above 85,643 depends entirely on whether the market will give it any respect in the coming months.
Quarterly contracts aren't about speed, but about patience. For Mr. Jiu's deal, being able to wait is what really matters $BTC $ETH When the altcoin season truly begins, the most dangerous people are not those who miss out. Many coins rise 20% in a day, 50% in two days, screenshots flood the chat groups, and profits are flaunted on social media. At this stage, the easiest illusion to form is: this time is different, and the doubling can continue.
But in a bull market, the real difference in returns is not about who bought earliest, but who sells with discipline.
I set three rules for myself:
First, don’t chase coins with consecutive explosive gains. Big bullish candles often come with high volatility, chasing them easily turns into catching a falling knife.
Second, realize profits in batches. When gains reach 30%, 50%, 100%, don’t sell all at once, nor hold everything; instead, gradually pocket the profits.
Third, keep only core positions to ride the trend, and manage emotional and short-term positions separately.
Many people lose money in bear markets because they don’t know how to buy; many suffer drawdowns in bull markets mainly because they don’t know how to sell.
Altcoin season isn’t about who earns fastest, but who can ultimately take the profits home.
In this round of the market, are you ready to put profits back in your wallet, or are you prepared to give them back to the market again? $BTC is "stalling" at a high level? Don't rush, the key levels have already been revealed
After BTC surged, it didn't just flatten out; instead, it has been repeatedly tugging back and forth at the high level. The seemingly boring candlesticks actually look more like sideways consolidation to buy time, allowing the ascending channel to continue moving upward.
Previously, a daily top structure appeared, and according to the 2.0 trend discipline, 30% of the position was cut; today marks the third day of the structure's influence. Keep an eye on two lines: 80577 and 78400. If the structure ultimately fails, correction depends on whether the dulling has disappeared; if the DIF turns again and breaks above the August 27 high of 4141, then 30% of the position will be added back.
The channel is still moving upward, so hold the remaining position. There is still room between the price and the channel, and the trend is temporarily stable. But the daily-level signals are just beginning, and whether it will challenge the trend is the next act.
Don't let the volatility distract you; the key signals are approaching.The most easily overlooked link in the AI computing power chain is actually storage.
SK Hynix's SSD division Solidigm, which it took over from Intel back then, is now rumored to be planning an independent IPO with a valuation of $150 billion and plans to raise about $15 billion — the price of that 2020 deal was less than $9 billion.
The logic behind this: both large model training and inference require high-capacity solid-state drives; data must be stored and repeatedly read, and traditional mechanical drives can't handle this throughput.
If this valuation can be realized, it means the market is accounting separately for "AI storage," not just revolving around GPUs.
What really needs attention is the fundraising scale and pricing rhythm, as it will directly influence the sentiment of the entire storage sector.$OFC
Brothers, I found a pattern: every day at midnight there is an upper shadow candle
Every day at midnight in the East 8 time zone, there is a pump up, then it falls back down
They want retail investors to see that the project team is still managing the market, maintaining the impression that "someone is in control"
Another tactic is wash trading / volume brushing within the market sentiment, making people think there is still trading volume
This makes the market look "good," which is better than sideways movement and more likely to attract short-term funds and algorithmic copy trading
They put a lot of effort into this, it's kind of touching Pump.fun has sent about 48,000 SOL to Kraken, approximately $5.83 million.
Observed: Lookonchain classifies this batch as sales, totaling about 5.237 million SOL, approximately $848 million, with an average price of about 162.
The largest single transaction is about 18,600 SOL, around $2.26 million.
Spot price is still hovering around 121, with relatively low daily trading volume.
On the same side, PUMP buyback and burn has destroyed about $464 million, cutting the original supply by about 16.8%.
But depositing funds to the exchange does not mean immediate trading; don’t take the headline as a hammer.
My view: Single transactions won’t scare the market; what really needs monitoring is whether the cumulative selling pressure near $850 million will accelerate.
My approach: Treat it as an observation position first, not chasing pulses above 120; invalidation would be accelerated large deposits or daily close below about 115.
Are you more afraid this is a treasury’s regular offloading, or do you think the buying side can already absorb it?
$SOL $PUMP $JUP
#BTC spot ETF net inflow nearly $3 billion for 7 consecutive days
#US long-term Treasury yields continue to rise, increasing financing pressureEthereum closed at about $2,709, with a daily increase of less than 1%. It has retraced about 30% from the August 2025 high of approximately $4,950 but remains firmly above all major moving averages: the 7-day SMA at 2,714, the 20-day at 2,579, the 50-day at 2,389, and the 200-day at 2,101. This is a textbook bullish alignment, but the problem lies in the momentum. The MACD histogram has compressed to the zero line, indicating that the bullish crossover momentum that supported the September rally has been exhausted; the RSI at 64.73 is not overbought, but the stochastic %K has fallen from 78% back toward the signal line, clearly signaling short-term momentum exhaustion. $2,742 is a key supply zone, which triggered a rejection this week, causing more than $96 million in long positions to be liquidated, and the price was dragged down to around 2,635. The chip structure is worth noting: 72.7% of retail investors are long, and top futures traders also hold 60.3% long positions, making the market overcrowded. The taker buy/sell ratio is 0.9864, nearly balanced, and the 24-hour open interest has decreased by 0.52%, indicating that incremental confidence has not kept pace. The good news is that regulatory conditions have improved: the guidance issued on September 27 confirmed that native staking does not constitute a securities offering, easing the biggest compliance barrier for institutional participation. Whales are also active; in the past week, the number of transactions over one million dollars surged by 500%, with large holders collectively increasing their holdings by over 320,000 ETH, approximately $864 million. Green Mao's moves today are quite interesting and worth reviewing.
In the early morning, he opened 100x full-position short orders on BTC and ETH, but had to stop losses due to a rebound. He lost 236U on BTC and 138U on ETH, and considering the 39U profit from the previous night, the overall loss was over 300U. Being able to decisively cut positions and admit mistakes under 100x leverage shows a rare discipline; many people tend to stubbornly hold on at this point.
However, he didn't persist stubbornly but turned to short ZEC, lowering the leverage to 50x. This timing was well executed, with a full-position short average entry price at 1590, floating profit of 1890U; isolated position average entry price at 1616, floating profit of 3877U. The total floating profit on ZEC exceeded 5700U, with a maximum return rate of 119%, and the maintenance margin ratio remained healthy.
Overall, this round basically made up for the previous losses. The hardest part in trading is admitting mistakes and switching strategies. Green Mao's decisive stop loss, firm position switching, and immediate adjustment of position management show good mentality and execution. I guess Green Mao will have to add another session at the club tonight.
$ETH $ZEC $BTC ✳️$BTC ✳️ Has created the best week of the year, but funds are quietly hitting the brakes! Is this the start of a bull market or the end of a rebound?
📊 【Data Breakdown: A Beautiful Rebound and Hidden Risks】
First, let's look at the market. As of September 27, Bitcoin was trading sideways around $84,000, barely moving in 24 hours, but over the week, it rose about 5.3%, marking the best week since January this year. The third quarter saw a cumulative increase of about 43.5%, the second-best third quarter in history, only behind the same period in 2017. The price once surged to $87,000, reaching a new high since late January.
On the surface, this is a very nice rebound. But the real market divergence is hidden in two numbers.
⚠️ The first number is funds: from September 21 to 25, the US spot Bitcoin ETF had a net inflow of about $2.39 billion, with nearly $999 million flowing in on Monday alone, the largest single-day record this year. This shows institutions are indeed buying, and buying big.
🚨 But the problem is: by September 25, this four-day consecutive net inflow suddenly turned into a slight net outflow of $11.8 million. The amount is small, but the signal is clear: institutional buying above $85,000 has started to lose momentum.
The price fell from $87,000 back to $84,000, stuck at this level. Additionally, the Bitget hack involving about $350 million is still unfolding, putting short-term sentiment under pressure.
(Source: OKX Planet 09/28 )
#BTC现货ETF连续7日净流入近30亿美元 Moving straight all the time? So steady, BTC and ETH 🫓
Sideways trading: is it accumulation or stalemate?
$BTC and $ETH have consolidated with reduced volume for two consecutive days, with no significant downward shift in price levels and no panic selling. This calmness seems more like both bulls and bears repeatedly testing within a narrow range rather than a large-scale capital withdrawal. $ZEC has also entered a low volatility state, with Bollinger Bands continuously narrowing, and traders generally waiting for a trigger to break the balance.
Meanwhile, altcoin sector rotation is accelerating. Hotspots quickly switch from AI to Meme to Layer2, indicating that funds in the market remain active but prefer short-term, quick trading opportunities. The core question is: is this incremental capital gradually penetrating from outside, or is it existing capital frequently moving between sectors?
The judgment can focus on three points: whether the sideways range can be effectively broken, whether volume expands synchronously during the breakout, and whether capital flow shifts from intermittent inflows to sustained net inflows. If BTC leads a volume-backed rally, ETH and ZEC may form a linkage, potentially starting a new market trend; if only altcoins rotate internally while BTC volume continues to shrink, the consolidation pattern will be hard to break.
Emotional trading is most to be avoided during sideways phases. Patiently observe the triple confirmation of price, volume, and capital flow, and wait for the market to find its own direction.
(This is not investment advice)
#BTC现货ETF连续7日净流入近30亿美元
#山寨永续未平仓量21个月来首次超过BTC
#特朗普政府拟推海外稳定币计划 That NVIDIA RTX PRO 5500 is said to bypass export restrictions.
Reuters reported that the Ministry of Industry and Information Technology asked ByteDance and Alibaba to report their procurement plans, and also hinted that approval would be granted.
What others think: This is negative news for domestic computing power; now that the cards can be bought, the urgency for independent development will ease.
What I think: I once believed in the phrase "bypass restrictions," but the products I bought couldn’t run the models, money was spent, and the work wasn’t done.
This chip is for high-end professional machines, not training cards. Even if approved, it will most likely just fill the gap in inference, unrelated to large model training.
The real point to watch is not whether it gets approved, but whether ByteDance and Alibaba will still buy domestic cards after approval. Once that number changes, the direction becomes clear.
As a Wall Street dog, first see if others have fallen into the same pit.
#Anthropic签116亿美元合同扩充CPU算力
#高盛预估2027年AI相关资本开支约1.2万亿美元 #财报观察员：美光财报临近，AI存储需求成焦点 $NVDA After a surge and pullback: Support and concerns for mainstream coins
Bitcoin attempted to break through 87,200 this week but failed, not even effectively surpassing the 87,000 round number, then was quickly suppressed by bears below 85,000. This is not an ordinary correction but a clear signal of selling pressure. The current price is oscillating narrowly around 85,000, with 84,300 forming a key short-term support; if broken, 83,000 and then 81,500 will sequentially enter the observation range.
Ethereum is weaker, with the 2,810 high forming a short-term top structure. The long upper shadow above 2,800 indicates that chasing funds were quickly absorbed. The current price at 2,670 is approaching the 2,700 support area; if it breaks down with volume, there is a liquidity gap near 2,500 below, and the price may accelerate downward.
On the macro level, undercurrents are also stirring. The Federal Reserve's expectation of restarting rate hikes is heating up, long-term US Treasury yields continue to rise, increasing financing pressure; Trump reportedly rejected the 7-day plan, and the reopening of the Strait of Hormuz adds new uncertainties. However, Bitcoin still shows resilience, ZEC has entered the top ten, institutionalization is accelerating, AMD's market cap has surpassed one trillion, chip stocks are collectively surging, and risk appetite has not completely receded.
Market opportunities always exist, but the premise is that the principal remains intact. At the current stage, the certainty of shorting is higher than going long, and the certainty of staying out of the market is higher than shorting. Do not use "faith" as an excuse for greed; the cost of bottom-fishing against the trend is often irreversible.
Protect your principal and wait for the wind to come.
$BTC $ETH $ZEC Many people see profitable real trades and their first reaction is always: "If only I had entered at this low point."
But most people overlook that entering is just the beginning of trading; the real test lies in holding the position and waiting.
Take a look at this historical real trade.
BTC perpetual long position
Opening average price 82160.3, partial close at 83609.2, return rate 15.65%, realized profit +127315.04U
ETH perpetual long position
Opening average price 2559.64, partial close at 2673.14, return rate 36.45%, realized profit +76842.6U
Total realized profit from both orders: 204157.64U
Even with the same long position setup, many people, even if they happen to enter at this low point, find it difficult to achieve such returns.
Intraday spikes and oscillations repeatedly test the mindset with floating losses.
Choosing the right entry point is just the basic threshold.
Anyone can press the open position button,
but holding the position through the oscillations and washouts is the hardest discipline. $SUI Look at what the global government bond yields have become now—collectively soaring, already back to the levels before the 2008 financial crisis.
The combined debt of the five major economies—the US, Japan, Germany, the UK, and France—is nearly 60 trillion. Without offering higher yields, no one in the market is willing to take over the bonds.
Previously, government bond interest rates were decided by central banks; now it's different, the market is setting the price, and the pricing power of bonds has quietly shifted. More and more institutions no longer regard government bonds as an absolute safe haven.
This is not simply a question of whether there will be a default, but whether government bonds can still preserve value. Global government bonds are rolling into an accelerating vicious cycle: the more debt accumulates, the higher the yields need to be to attract buyers; as yields rise, interest burdens increase further, requiring the issuance of more new bonds to fill the gaps.
Many think that raising interest rates or government bond repurchases can suppress yields, but these are just temporary fixes and do not address the root contradictions. Ultimately, the least costly way out is for the Federal Reserve to personally step in with balance sheet expansion and liquidity injections to support the bond market.
The real big breakout for $BTC $ETH $ZEC, gold, and silver will precisely occur at this point.
So the panic caused by gold being suppressed by high US Treasury yields is largely retail investors emotionally panicking following social media. The more volatile the market, the more everyone needs to maintain independent thinking and not let short-term fluctuations mislead their judgment of the larger cycle. The core of the video is to break down the "US stock on-chain" industry chain, illustrating the flow of funds with a five-layer map: Layer 1 Traffic and Speculation: Taking PONS as an example, as a third-party launchpad on Robinhood Chain, its daily fees once reached $5.95 million, but traffic shifts quickly, so attention should be paid to whether the token issuance volume, trading volume, and fees can be sustained. Layer 2 Privacy: ZEC has regained attention; after Grayscale's product conversion in August, it trades on NYSE Arca with assets under management exceeding $530 million. The discussion is whether privacy becomes infrastructure after finance fully goes on-chain. Layer 3 Asset Transfer: ONDO is active, joining the DTCC Fund/Serv network in September, opening two-way exchanges between institutional stocks and tokens, entering the NEAR ecosystem, and cooperating with BlackRock to launch on-chain investment portfolios. Layer 4 Underlying Network: Robinhood Chain is built on Arbitrum, with ETH as gas; Solana also supports over 200 stock ETFs. Layer 5 Data Oracle: Chainlink provides price feeds for stock tokens, serving as the liquidation basis for collateralized lending. Finally, it emphasizes that the real opportunity is not in conceptual hype but in financial application layers such as lending and structured products triggered after stock tokens become large-scale collateral in DeFi. The full text includes a value breakdown (advantages + shortcomings + investment perspective verification). Overall characterization: The framework is very clear, belonging to "US stock on-chain/security tokens" $BTC 🔥 BTC 84,200: The wild swings aren't madness, but a tug-of-war among “ETF inflows, interest rate pressure, and geopolitical jitters”
What is it trying to do? Not to pick a direction, but to confuse people:
ETF inflows from 9.21–25 totaled 2.39 billion, but only 134.5 million remained on Friday, marginal buying cooled off
10Y yield 5.16–5.23%, 30Y yield 5.49%, yield-free assets are being strangled by rates
US-Iran verbal sparring + Brent crude 98+, gold down, risk assets all jittery
Futures OI 54.5B, liquidation only at 20 million level → not a crash, but leverage nibbling each other
84,000 = key intraday level, if 4H closes below → 83,500
82,800–83,000 = 7-day low + liquidation zone, break = down to 81K
85,200 = 7-day high, no rebound above means no real reversal
86,435 / 87,363 = 4H resistance / weekly high, only a volume-backed close above counts as a true breakout
Wild swings = institutions washing out short-term traders at 84K, not chasing you up at 85K.
If 84K doesn't break: high-level rotation; if 85.2K doesn't hold: fake strength; daily close below 82.8K: downgrade of rebound phase.
Real reversal depends on PCE + Nonfarm + 10Y yield mood, not on Monday’s small spike candle.
(Not investment advice · for reference only $BTC )Big Brother Maji is back, and this time it's not opening a position, but opening three mines.😇
Total exposure is 93.41 million U, full position perpetual longs:
ETH 25,000 coins, 25x, the only profitable one, but the liquidation price is very close;
BTC 200 coins, 40x, floating loss is expanding;
HYPE 136,000 coins, 10x, altcoin pullback has even greater damage.
Full position + high leverage, riding the wind brings profits, against the wind leads to immediate liquidation, with almost zero tolerance for errors.
Big players' positions can only be used as emotional reference, don't blindly follow their trades.
Risk control comes first, position management is always more important than prediction.
$BTC $ETH $HYPE
#BTCSpotETF #USTreasuryYield今日重点关注：$BTC、$ETH、$ZEC ① $BTC | 现价 84367.6 凌晨最高摸到85199.8，最低回踩84125，上下1000多刀的波动，现在84367附近，跌了0.11%。交易量3182枚，交易额2.69亿。价格贴着MA5（84479）和MA10（84374），MA20在84490，均线基本走平，横盘状态。 消息面：ETF资金还在进，连续7个交易日净流入，累计29.8亿美元，2026年累计净流入重回正值。9月21日单日进了近10亿美元，是去年10月以来最大的一天。但链上有个信号要注意——矿工过去一周卖了约1655枚BTC，价值1.4亿美元，矿工储备从119.4万降到119.2万。摩根大通说的8.5万矿工成本线就在头上压着，冲了几次没站稳。另外Bitget被黑的事还在消化，BTC衍生品市场有卖压。 现在就是卡在8.4万附近磨，ETF在买、矿工在卖，两边对着干。等回踩84000-84200再关注，防守放在83500，上方预期85000-85500。 ② $ETH | 现价 2682.19 凌晨最高2723.75，最低回踩2669.90，现在2682附近，跌了0.29%。Money is still flowing in, but the price hasn't followed that momentum.
The US spot Bitcoin ETF has seen net inflows for about 7 consecutive trading days, totaling approximately $2.98 billion; about $2.39 billion this week, with around $134 million coming in on Friday alone (IBIT about 97, FBTC about 49). What I believe is that the institutional channel hasn't closed yet, not that "inflows should automatically cause a price increase."
The market is moving sideways at a high level, and selling pressure hasn't been fully absorbed, which can coexist with relatively warm capital. The weekly window shows US Eastern 9/25#; this Monday's Farside is not COMPLETE yet, so let's first focus on the days with recorded inflows #BTC现货ETF连续7日净流入近30亿美元 $BTC .Account Position Divergence Radar
$SEI Top account count is biased long, position distribution biased short: top account long-short ratio 1.444, top position long-short ratio 0.918; overall market account long-short ratio 4.222; price down 2.27%, position amount change +2.99%.
$DOGE Top account count is biased long, position distribution biased short: top account long-short ratio 1.606, top position long-short ratio 0.797; overall market account long-short ratio 3.093; price down 1.24%, position amount change -0.003%.
$PEPE Top account count is biased long, position distribution biased short: top account long-short ratio 1.110, top position long-short ratio 0.776; overall market account long-short ratio 2.898; price down 1.23%, position amount change +0.54%.
SEI, DOGE, PEPE: The side with the majority of account numbers is opposite to the side with the majority of positions, indicating divergence between account structure and position distribution; the overall market account structure is biased long, which also differs from the top position bias.$SOON I know that doing altcoin trading is extremely risky, with a very low survival rate, but in terms of huge profits, as a poor guy who can only put up a few thousand, this is the only path I can take. I don't have the time like those big players on the trader leaderboard. I can only watch for a few minutes before I have to get back to work, so I'm obsessed with trades that can yield results in the short term. If I mess up once, the previous dozen or so attempts are wasted.ETH, SanDisk, ZEC 9.28 Quick Overview
ETH is reported around $2,709, with Q3 closing soon but bullish momentum stalled. The strong supply zone above $2,742 has triggered a rejection this week and liquidated over $96 million in long positions; breaking through, the upper Bollinger band at $2,816 is the next target. The 20-day SMA at $2,579 is an important support for pullback. Spot ETFs have had net inflows for 10 consecutive days, with $102 million absorbed yesterday, BlackRock's ETHA contributing $83.79 million. Clear regulation on staking confirms it does not constitute securities issuance, easing institutional burdens.
SanDisk (SNDK) is currently priced around $1,777, down 23% from the June high of $2,354. Data centers now account for over half of the NAND market. The company has signed 8 long-term AI supply agreements, locking in about $93.9 billion in orders, covering about two-thirds of FY28 capacity. Wall Street consensus is a "strong buy," with an average target price around $2,137. If it stabilizes above $1,700, a recovery rally is expected.
ZEC is reported around $1,531, consolidating within a symmetrical triangle between $1,450 and $1,671, with two rejections at $1,650 this week. Grayscale's ZCSH asset size has reached $1 billion, but excluding DCG physical swaps, external new funds are only about $200 million, and ETF inflows have been zero for three consecutive days. Co-founder Ben-Sasson has set a long-term target of $5,000 by year-end, but short-term momentum has cooled, with $1,450 as the critical support level."From 83500 to 84500, then reversing position"
The theft rumors pushed BTC down into a dip. I didn't go all in, nor bet on the direction, just placed a long order around 83500. That wasn't faith, just a ticket. Set the stop loss first; if wrong, exit.
The price hovered around 83500, which was frustrating. After a few hours, the market finally lifted. 83800, 84000, 84200—the numbers gradually turned green. At 84500, I took profit. Didn't wait for 85000, nor fantasize about a big move; making enough for lunch was enough.
I was supposed to rest at night, but my hands itched again. After BTC surged, it started to tug back and forth, with selling pressure above and support below, but the strength to push higher was clearly weaker. Unable to break the previous high, I flipped short immediately.
A few hours ago I was still in the long camp; a few hours later, I stood on the opposite side.
The market doesn't care who you were a second ago. When the logic changes, your position must change. Admit mistakes quickly, take profits decisively, don't use your position to prove your pride.
Have you recently experienced such instant switches between long and short? Let's chat in the comments and see who just got handled by the market.
#BTC现货ETF连续7日净流入近30亿美元 Delete posts showing your holdings, don't write in your profile which exchange you work for, don't let people know where you live, set a hidden wallet on your hardware wallet, usually keep only a small amount in the main one, if you're kidnapped just hand it over.
Especially if you live overseas.
For example, in Vendin-le-Vieil, northern France, around 4 a.m. on September 20, four masked men broke into a home and tied up a family of four with black tape.
The 40-year-old father is not a big holder, just an IT employee paid by a crypto company. He was taken aside and beaten, forced to give up his ID and passwords, and his 12-year-old daughter was hit on the face with a car key.
France recorded over 70 crypto-related kidnappings and illegal detentions in the first 8 months of this year, the highest worldwide. The tighter the wallet security, the more the kidnappers target the person directly.
The four stayed in his home for more than three hours, took about 40,000 euros, and have not been caught yet. $BTC 上周五，SEC又整活了，发布了一系列关于加密资产的常见问答。虽然没点名任何资产，却把现在最热闹的两个东西进行了“划界”，一个是质押，另一个是关于回购的问题。 按照说法，一张收据如果只证明资产被存入、所有权仍归存款人，发行方不能转让、出借、质押、再抵押，也不能让资产被第三方追索，那它可以算数字工具。 如果代币由基于协议的流动性质押服务商发行，价值又跟实际运转的加密系统和市场供需挂钩，它本身可能被看作数字商品。 Coinbase用户协议就是最好的例子，cbETH代表通过Coinbase质押的ETH，含奖励、扣费用和罚没，质押ETH由Coinbase代表持有者持有，所有权不转给Coinbase。 卖cbETH时，底层所有权和合同赎回权一起转走，但那是市场交易，价格可能偏离ETH，Coinbase不保证买家，也不兜底流动性。 想按合同赎回，要有状态良好的Coinbase账户、满足资格，可能受地理限制和延迟，拿回的是质押ETH，不是马上能用的未质押ETH。 此外，SEC工作人员说，对已经具备功能性的网络，发行方就非证券加密资产宣布回购，不构成豪威尔测试，翻译过来就是符合条件的回购不违反目前的证券