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A brother privately messaged me asking: Old Deng, USELESS has dropped to 0.28, is it time to bottom-fish?
I replied with two words: Don't rush.
This morning I saw it dropped another three points.
Some bottoms aren't for buying; they're for burying people.
I've said before, these altcoins have no real use and their destination is zero.
But today Old Deng won't lecture you on big principles, just take a look at the market.
The news is still hyping "KOL influence," saying the rebound depends on influencer promotion.
In 30 years of the A-share market, I've seen this trick too many times. Good things never need to shout worldwide for people to buy; the louder the shout, the more urgent the sell-off.
Looking at the candlestick, the long upper shadow above 0.35 is the bulls' last struggle.
Now the price has fallen below 0.30, the moving averages are turning down, and the original support zone from 0.30 to 0.32 has become an iron ceiling.
A volume-less slow decline, the rebound can't even touch the moving averages, what can it use to charge?
Old Deng's short position entered at 0.325 with 10x leverage.
Now the mark price is 0.28199, floating profit has already reached 132%. The liquidation price is still at 0.376, the safety buffer is very thick. I'm not in a hurry to exit; the downtrend has just begun.
The position isn't large because I know the crypto market has no defense; sooner or later it will be burst by a single needle.
If the dog whale really pushes hard and breaks through my defense line, I will stop loss immediately, no stubbornness.
$BTC $ETH
$USELESS
#美元稳定币或加速出海 $ASTER Damn! The Fed turned hawkish again, saying it could raise rates 4 more times before June. Bitcoin immediately dropped below 83,000, the market was in tears, and A was also pressed down to around 0.09. This isn’t a crash, it’s a manipulation by the whales using news to shake out weak hands.
$ALLO /USDT current price 0.0934, the selling volume hasn’t really increased, it’s pure panic selling stepping on each other. A low-volume gradual decline is your chance to get in; only when volume spikes with selling should you run. I placed a position at 0.0934 with a stop loss at 0.0888; if it breaks, I admit I’m wrong and won’t stubbornly hold.
If you want to be safe, wait for a pullback to 0.0910 and buy in batches, keeping your position under 20%. This is purely my personal review, not investment advice, always use stop loss. If you want to see more, click the card below.
👇👇👇$BTC candlestick plunged directly from 84622 to 82874, then bounced back. This pattern is a typical washout of the bulls. I roughly checked the news; this drop is mainly due to macro pressure transmission—the US 10-year Treasury yield broke through 5.1%, hitting a new high since 2007, causing tolerance for non-interest-bearing assets to suddenly drop. Additionally, the unexpectedly strong US PMI data has heightened market expectations for further Fed tightening, putting overall pressure on risk assets.
Interestingly, ETFs are still quietly buying. Yesterday, Bitcoin spot ETFs had a net inflow of $347 million; BlackRock's IBIT saw a single-day inflow of $166 million, and Morgan Stanley's MSBT just recorded its largest single inflow since inception. Institutions are not fleeing at this point but are instead increasing positions, which contradicts the panic sentiment from the market drop. So my judgment is that this is more like a leverage washout under macro pressure rather than a trend reversal.
Around 83500 is exactly the EMA30 level, which is the core support of the recent consolidation range. If this level holds, the upward resistance to watch is the 84670-84930 range, where EMA5 and EMA10 converge; a volume-backed break above this range is needed to confirm a valid rebound. If the low of 82874 breaks again, the next observation point is around 82000. #BTC冲高回落，市场轮动开始了吗？ Recent Trading Thoughts_0924 19:03
The last sentence of the previous post was: If $BTC is traded short-term, a forced liquidation price at 82000 would be safer.
1. The big picture
Based on BTC holding steady at 80,000 and not quickly breaking 90,000, even if it breaks 90,000, it cannot immediately stabilize at that level (this is my judgment).
Therefore, when BTC reaches a high level, a pullback is inevitable. Short-term long positions should not take profit at 90,000 but can set take profit at 87, 88, or 89 thousand; long-term positions don’t matter as much.
For BTC’s decline, significant resistance will be at 82,000, with 81,000 as the last line of defense. If that breaks, 80,000 will most likely not hold. Once 80,000 fails again, it will return to the 70,000 range, making BTC’s prospects this year bleak. Only 3 months remain until December.
I believe the possibility of $BTC breaking below 80,000 is extremely low. I opened about 100x leverage long positions at an average price of 84,000 with 400 USDT; take profit is set at 88,500 and stop loss at 80,500.
2. How to operate other coins
a. Those who profited from short positions should reduce at least half of their positions or even close them;
b. For coins whose trend differs from BTC, you can continue holding, such as $MUBARAK and one. If the position is heavy, it should also be reduced. There might be a slight rise but not lasting more than 2 hours.
c. Mainly long positions, while managing take profit and stop loss properly.
3. What to do if the direction is uncertain
Trade with the trend on the right side; do not rashly build positions on the left side.
Whether long or short, at least wait for 3 consecutive 15-minute candlesticks in the same direction before taking action. $BTC's rise expectation comes from the China-US meeting; the current positive news turning into reality is actually negative. This round of pullback, synchronized with the US stock ES and Nasdaq futures' false breakout and retracement, has led to BTC weakening. Although the price has hit a new high, the daily MACD has already formed a bearish divergence; however, the price has not yet fallen back to the 82800 pre-breakout consolidation range, so the false breakout cannot be confirmed for now.
Two scenario analyses
Scenario 1: Healthy pullback (baseline expectation)
The daily chart shows a horizontal movement instead of a drop to digest the bearish divergence, pulling back to hold the 82800~83500 range, with the price quickly reclaiming support. Even if there is a brief dip, it can be pulled back to the consolidation low, then resume the upward trend.
Scenario 2: Pullback failure (risk scenario)
If after consolidation the bulls' counterattack is weak and the key support is effectively broken, the price will fall back to the previous box range. One should decisively cut losses and exit to avoid a deep retracement of several thousand dollars and prevent holding through a major roller coaster.
Medium to long-term perspective: After short-term correction and digestion, the election expectations from late October to mid-November will trigger another round of upward speculation.
#BTC冲高回落，市场轮动开始了吗？ $BTC fell from 85000 to 83476.3, dropping again. Review: Last week I opened a long position at 84500, with a stop loss at 84000, which was triggered, resulting in a loss. But since I opened a small position with 5000U and always use stop loss without holding the position, the loss wasn't big. If it were before, I would definitely have held the position, and now I would probably have lost 200,000U. Currently, BTC support is at 83000, resistance at 84000, leaning bearish. Operation plan: if 83000 breaks down, lightly short with stop loss at 83300, target 82500; if it holds, just wait and see. Review insight: stop loss is not admitting defeat, it's survival. Losing a small amount is not scary; what's scary is losing a large amount. $ #美股探索代币化与全天候交易 Funds are buying, but prices are falling: The macro backdrop of BTC's pullback
ETF inflows hit 999 million in one day, setting a 2026 record; yet BTC slid from 87245 to 83439. Money is buying, price is falling, who is selling?
Maybe it's not the crypto market, but the bond market. Global debt is 365 trillion, G7 pays 3.3 trillion in interest annually, more expensive than AI + defense + clean energy combined. Governments are busy borrowing new to pay old debts, US debt interest payments increase by another trillion, 10-year yield breaks 5%.
PMI at 58.4, the hottest in five years, but costs are also burning: supply chains are clogged, the worst outside the pandemic in nearly 20 years, profit margins are being eaten away bit by bit. The economy is not weak, inflation is not soft, October rate hike expectations will only harden.
The Treasury repurchased 6 billion in long-term bonds on Thursday, trying to hold down yields. But with a PMI of 58.4, can they hold it down? #BTC pullback after a rally, has market rotation begun? A broad sell-off hits both markets, mainstream altcoins collectively weaken, and Bitcoin has risen for several consecutive weeks. After surging to 87,000, bulls lost momentum, and now the market faces a widespread sell-off. BTC and ETH are declining in sync, ZEC is correcting, and some altcoins have plunged as much as 37%.
The main reasons, in my opinion, are roughly as follows:
1️⃣ Large profit-taking concentrated at high levels;
2️⃣ The previous short squeeze rally has ended, and external incremental funds have dried up;
3️⃣ Geopolitical risks in the Middle East persist, increasing market risk aversion;
4️⃣ The hot narratives are fading, altcoins lack capital support, amplifying declines;
5️⃣ Derivatives expiration, breaking support triggers stop-loss cascades, intensifying the drop.
Key stabilization zones:
▪ Short-term weak support: 82,500‑83,000, only a short-term rebound level, easily broken;
▪ Key strong support: 80,500‑81,000, a dense chip area, a sign of halting the decline indicates phase stabilization;
▪ Extreme correction level: 78,500‑79,000, only major negative news will reach this, sentiment will completely deteriorate.
Remember: dropping to a price level does not equal stabilization; it requires accompanying volume contraction and K-line signals without new lows.
When the market stabilizes, altcoins may still experience delayed sell-offs, so don’t rush to bottom-fish. $ONE $BTC I'm placing a bet: if 83000 doesn't hold, it will drop to 82000; if it holds, it will rebound to 84000. The current price is 83476.3, resistance at 84000, support at 83000, leaning bearish. I previously lost 200,000 U because I gambled on direction without stop-loss; now I've learned: open a small position of 5000 U, never hold a losing position without stop-loss. Operation plan: if it breaks below 83000, lightly short with stop-loss at 83300, target 82500-82000; if 83000 stabilizes, lightly try long with stop-loss at 82800, target 84000. Enter only if risk-reward ratio is at least 2:1; otherwise, stay out and wait. Do you think 83000 can hold? $ #美债收益率全面走高，高利率为何难降？ ZEC at $1470, dare to bottom-fish?
First, look at the surface: In the past 30 days, ZEC surged from 500 to 1680, its market cap jumped into the top ten, ranking 9th, at $25 billion. Today it retraced 8-9%, with a 24-hour low of 1462-1478 and increased trading volume. This is the first decent pullback after a parabolic rise; the 4-hour and 1-hour charts are already oversold, RSI has dropped sharply from a high level, and MACD shows a death cross. There is short-term rebound demand, but the daily chart has not finished adjusting.
First thing: The ETF is not just news, the institutional channel is already open
Grayscale ZCSH ETF has been online for a month, with AUM reaching $890-910 million, close to $1 billion. On September 30, there will be a 3-for-1 split, lowering the threshold significantly.
21Shares launched Europe’s first physical ZEC ETP, listed on September 22 in Paris and Amsterdam.
Paradigm disclosed holdings, and Matt Huang publicly stated: ZEC is Bitcoin’s privacy complement.
Second thing: NU7 upgrade is not just hype, it’s hardcore tech implementation
Testnet on October 6, mainnet target November 5.
The core is simple: block time reduced from 75 seconds to 25 seconds, privacy transaction confirmation speed increased 3 times.
What does this mean?
Previously, privacy transfers took over a minute; now it’s done in 25 seconds.
Merchants, payments, cross-border settlements can finally be used.
Halving mechanism remains, supply continues to tighten.
Third thing: Shielded pool locked $7.3 billion, circulating supply is disappearing
The shielded pool now accounts for 29%, about 4.92 million ZEC, worth $7.3 billion.
These coins basically don’t enter exchanges; they are locked up.
Total supply is 21 million, same as BTC, next halving in 2028. DCG’s Fortitude is expanding mining credit to $50 million, preparing to buy 9,000 Z15 Pro miners.
Miners are hoarding, institutions are buying, shielded pool is locking.
Bull vs. bear, you decide
On one side:
Grayscale ETF AUM near $1 billion, 3-for-1 split lowers threshold
21Shares Europe ETP listed, institutional channel open
NU7 upgrade mainnet in November, privacy confirmation 3x faster
Shielded pool locked $7.3 billion, circulating supply keeps shrinking
Tripled in a month, trend still upward
On the other side:
Short-term rise too much, huge profit-taking
Fed raised rates 25bp on September 16, dot plot hawkish, possibly more hikes this year
10-year US Treasury yield near 5%, BTC dropped from 87k to 83-84k
Funding rate paid by longs, open interest down, leveraged longs loosening
On-chain daily transactions still a few thousand, real usage remains niche
Resistance above: 1550-1580 (EMA20 + retracement) → 1670-1680 (previous high)
Support below: 1450-1440 (0.618 retracement + dense volume area) → 1425 → 1400 → 1380
Trading strategy
Short-term traders:
At 1440-1460, if it stops falling and stabilizes, with hammer candlestick or volume-increasing bullish candle, lightly go long, stop loss at 1420, target 1520-1550.
If it breaks below 1440 effectively and closes below on 1-hour chart, lightly short, target 1380-1400, stop loss 1480. Don’t short heavily; fundamentals are intact, ETF funds can support anytime.
Mid-term players:
Ideal buy zone 1380-1420, or wait until NU7 approaches (end of October) to observe.
Long-term believers:
If you believe privacy is a necessity, and in the AI surveillance era everyone needs a cloak, then ZEC is your ticket. Shielded pool locked $7.3 billion, miners expanding production, institutions entering. If it drops below 1400, buy blindly in batches.
ZEC now is like ETH in 2021—
From hundreds to thousands, with a 30% pullback in between, everyone shouted "top," but after NU7 launch and ETF approval, it surged to make you question reality.
But this time it’s different: ZEC has no Vitalik, no ecosystem, only privacy and scarcity. It goes crazy up and crashes hard down.
Can 1440 hold? Are you bottom-fishing or running?
$BTC $ETH $ZEC #BTC冲高回落，市场轮动开始了吗？ #BTC surge and pullback, has market rotation begun?
Bitcoin surged and pulled back: rotation has started, but not a full altcoin season
BTC surged to $87,000 then pulled back, mainly due to concentrated short liquidations rather than a trend reversal. On September 21, short liquidations reached $647.9 million, accounting for 87% of total liquidations that day. Spot ETFs saw a net inflow of $999 million the same day; spot buying combined with a short squeeze caused a rapid spike and drop.
Rotation signals confirmed. Glassnode's altcoin cycle signal rose to 81.25, flipping to "altcoin season." BTC dominance fell below 60%, total market cap returned to $3 trillion, with capital moving down the risk curve.
But this is not a broad rally. The altcoin season index is only 49. Delphi Digital calls it a "barbell" structure: strong assets like ZEC and HYPE on one end, Solana on-chain speculation on the other, while BTC, ETH, and SOL have not broken out simultaneously. This is a selective coin market, not a beta market.
Driving factors: The U.S. Treasury's expanded buybacks suppress real yields; the Clear Act vote setback reduces the likelihood of regulatory catalysts this year.
Watch three signals: whether BTC dominance can hold 60%; whether ETF inflows continue; whether the $84,000 support holds.
Conclusion: Rotation has arrived, but it favors selective investors.BTC
Woke up to a loss on one trade! But no need to worry too much about it dropping back to 70k or 60k here. It pulled up from 75k by just over 10k. This kind of daily K-line. From 75k up by just over 10k. Unless there's a black swan event, it won't drop in just a day or two ~ This is 【subjective】 ~
【Objective】 8.18-8.25 is the upper edge of the last consolidation zone. As long as it doesn't break below here, the structure is still intact~
So the view remains the same. It's a one-sided market. Don't overcomplicate it. During pullbacks, focus mainly on going long.
Currently, from the market perspective, closing back above 8.45 is a stop-fall signal. But on the right side, I suggest waiting for a close back above 8.51.
If it continues to probe lower, piercing 8.25 without quickly recovering, it will likely enter a more complex consolidation phase again. If that happens, we can provide a new interpretation then~
Anyway. The market is always there. Mid-Autumn Festival only comes once a year! Enjoy the holiday!
Wishing everyone a happy Mid-Autumn Festival in advance! May people and the moon both be whole🌕~
#BTC冲高回落，市场轮动开始了吗？ $BTC #Apple、Google recruiting talent related to stablecoins, possibly entering crypto payments?
"Apple and Google hiring: 3 billion phones directly connected to stablecoins"
Apple and Google have recently been hiring stablecoin developers to integrate on-chain settlement directly into mobile wallets.
Both companies control 3 billion active devices worldwide. Previously, users paid a 2% fee to card networks every time they swiped a credit card. If replaced with stablecoins that settle in seconds, the traditional clearing networks' hundreds of billions in toll fees would be bypassed entirely.
BTC is holding steady around the $83,000 mark; next, it depends on when the first overseas pilot projects from these two companies will be officially confirmed. $BTC 盘面突然一根针往下扎，群里瞬间安静了三秒。 你是不是也经历过，浮盈一点点就手痒想跑，真被套住了反而死扛不动？ 我昨天盯着永续合约的持仓量看了很久，BTC 冲到 87000 那一下，总市值重新站回 3 万亿，气氛确实热。但热的是情绪，不是结构。价格往上顶的时候，资金费率跟着抬，多头开始付钱给空头，持仓量却没同步放大。这种组合我一般会警惕，它说明追高的杠杆在变贵，而新钱进场的速度没跟上。 换个角度想，市场现在交易的其实不是"还能涨多少"，而是"谁先扛不住"。美伊会谈放出偏暖信号，联储官员又轮番讲话，美债收益率全面走高，高利率迟迟不肯退。这几件事叠在一起，风险偏好是被托了一下，但托得不牢。BTC 冲高又回落，就是这种拉扯的直接体现。 偏多的路径也真实存在。如果 BTC 能在 87000 上方稳住，把这次上影线消化掉，ETH 和主流山寨通常会跟着补一段，DOGE 这种高 beta 标的会最先反应，情绪会从谨慎切回贪婪。这是挤压空头的经典剧本，前提是现货买盘接力，而不是只靠合约撑着。 但脆弱点也藏在这里。持仓拥挤加上资金费率偏正，一旦价格跌破关键支撑，多头平仓会形成连锁，跌速往往比上涨更快。山寨TAO fell below 290, a proper pullback is needed before buying
First, let's talk about the structure
Current price 281.7, 24-hour high 312.8, low 278.3
4-hour close at 282 down 3.76%, daily close at 282 down 2.96%
The daily chart rose steadily from 214 to 326 with little pause
Now it is pulling back to the position I am watching
Support and resistance
4-hour support at 278, 281; daily support at 278, 254
Resistance first level at 289, second level at 291, 297
278 is the mid-point of this correction; if broken, look to 254
My judgment
Low volume pullback is not a trend reversal, just a rest after the main rise
Fee rate at 0.01% max, bulls are still paying, not many chasing highs
Strategy
Light long position around 278, about 10%, stop loss below 272
Target first at 289, if it breaks above, look to 297
Only act if risk-reward ratio is favorable; if 278 does not hold, stay out and wait
$TAO #strategyMost people trading contracts are actually doing short-term trades: once leverage is applied, the rest of the time is spent watching the market. Dogecoin simply can't withstand this kind of play. It has no financial reports, no cash flow; its price depends on community enthusiasm, a single statement from Musk, or a gust on social media. This kind of driving force has no rhythm—you measure it with a 15-minute candlestick, and all you get is your own heartbeat.
People who check the market eight times a day aren't watching the market, they're watching their own emotions. Every refresh makes the account jump, and the mindset jumps along. Long positions fear pullbacks, short positions fear bullish candles, closing positions back and forth between panic and greed, while fees and funding charges are paid on time. Retail investors hold a large share of Dogecoin positions, emotions spread quickly, and concentrated liquidations in the contract market often happen at the moment most people can't sit still.
To survive on $DOGE, the method isn't complicated: reduce your position size to a level where you can sleep well, lower leverage to a level where you don't mind not watching the market, and extend your time frame from minutes to weeks. This dog has lived for over a decade, relying on community consensus and cultural vitality—things that can't be measured in days. Short-term contracts are paying tuition to the market with your own emotions, and the market never lacks students.$ETH 现价 2,640，24 小时 -3.50%，处在 24 小时区间 2,626 ~ 2,739 的 11.7% 位置。 15 分钟线上，最后六根 K 线里有 2 根阳线——卖压占优。 先说短线结构。 15 分钟级别，价格在 MA20（2,675）与 MA50（2,679）下方，两条均线黏合在一起，属于横盘待变。 2 小时级别区间 2,431 ~ 2,807，现价处在 55.3% 的位置；2 小时 MA20 是 2,703，价格在它下方 2.32%（2 小时口径）。 日线是完整的多头结构：MA20 在 2,542，价格高出 3.88%；日线区间 1,547 ~ 2,807，位置 86.7%。 关键位我直接给数字： 上方压力 2,688（近 8 根 15 分钟高点），再上面是 2,675（15 分钟 MA20）。 下方支撑 2,626（近 8 根 15 分钟低点）。 中期坐标一句话交代：距历史最高 4,946 还有 46.59%、7 天 +8.12%、30 天 +6.35%。 资金面：费率 0.0016%，很淡，合约端没有明显加杠杆。 【观点】偏空（短线 24 小时内） 【依据】①$KII is a newly launched coin, and the market shows significant divergence.
Seeing a high open followed by a pullback, many people's first instinct is to short.
But new coins have unstable chips and thin liquidity, so spikes and stop-loss sweeps are common.
Don't rush to short just because of a pullback; the price can reverse and rally at any time.
For new coins without enough K-line references, it's best to wait and watch.
Never heavily position in contracts; survival always comes first.$BTC dropped again, now at 83476.3, down nearly 3% in 24h. Let me tell you something, I previously lost 200,000U because I held positions during times like this, thinking it would rebound, but it just got worse. Now I've learned my lesson: I open small positions of 5000U, never hold without stop loss. Current support is 83000, resistance 84000; if it breaks below 83000, I will lightly short with stop loss at 83300 and target 82500. If it holds 83000, I will wait and not rush to enter. What do you think? $ #BTC冲高回落，市场轮动开始了吗？ BTC surged then pulled back, are altcoins about to take over?
Brothers, after BTC surged to 87,000 and then pulled back, don't panic. What really matters now isn't whether the big coin is rising, but where the funds are moving.
If BTC consolidates at a high level, pulls back without obvious heavy volume sell-offs, and meanwhile ETH, SOL, and some strong altcoins start to show increased volume, it likely means funds are spreading from BTC to other sectors.
What is the biggest risk in this market? Not BTC's correction, but rushing to chase a coin that suddenly spikes.
My strategy is: wait for BTC to pull back, look for strong altcoins.
Focus on three signals:
① Whether BTC's key support can hold;
② Whether market volume is increasing;
③ Whether altcoins can show sustained follow-through.
If BTC holds steady and altcoins start rotating, what follows could be more interesting than just chasing the big coin; but if BTC breaks support and altcoins collectively show heavy volume sell-offs, be cautious—this is not rotation but fund withdrawal.
So now I prefer to wait for confirmation rather than chase at the peak of emotions.
Brothers, do you think this wave is "BTC takes a break, altcoins take over," or just another surge and pullback?
#BTC冲高回落，市场轮动开始了吗？ $BTC All-time high was 0.16, entered short at 0.15, shorted at the very peak, then it kept dropping. Added to the position once, lowering the entry cost to 0.087. Only regret is that I only opened one layer of position at the peak, successfully pocketed $30,000.Fundamental Research Report $ONDO / Ondo Finance (RWA) $3.20
One-sentence conclusion: Ondo Finance ($ONDO) overall score 60/100, rating narrative outweighs execution. Breaking it down in three layers: the company team has cash reserves, the protocol network shows paid usage traces, and token value capture has been realized.
Ondo Finance (token $ONDO), RWA sector. Focuses on RWA bond tokenization. Competitors include CFG, HUMA. Traditional SME receivables financing goes through bank factoring, approval takes 30-90 days, interest 12%-24%, slow fund availability. On-chain asset confirmation is transparent, LP pools provide instant loans, RWA assets can be traded secondarily to improve liquidity. Customer unit price $50-500/month, settlement requires USDC or fiat. Narrative-driven sector, usage drops 60-80% in bear markets. Positioned as an end-to-end vertical platform. Product deployment: protocol layer officially running, on-chain dashboard shows protocol fees accumulating, paid usage traces exist. Latest version not found, 60 valid commits in last 90 days.
User side: address MAU not disclosed, DAU not disclosed, 24h trading volume $80.00M, TVL not found. Wallet addresses do not equal natural person monthly active users; large addresses concentrated holdings may overestimate real user count. Revenue side: user fees undisclosed, supplier income about 80-90% of user fees (to LPs and nodes), protocol treasury income $2.00M, token holder buyback and burn annualized no burn mechanism. 24h trading volume is business flow, not revenue. Company profit does not equal protocol profit, protocol profit does not equal token holder profit. Code side: 60 valid commits in 90 days, 25 active contributors, latest version not found. GitHub is A-level evidence for direct verification. Investment background: company equity financing checked via PitchBook/Crunchbase (A-level), token private and public sales checked via whitepaper, release schedule, and on-chain unlock contracts (A-level), market makers and ecosystem grants are B-level, not representing long-term VC holdings, technical integration checked via API/SDK evidence (B-level), strategic partnerships and logo wall are D-level. NVIDIA GPU usage does not equal NVIDIA investment, exchange listing does not equal exchange strategic investment.
Token side: total supply 1,300,000,000, circulating 950,000,000 (73.1%), FDV $4.20B, next unlock 2026-Q4 (adds +3.50% to circulation), annualized burn/buyback no clear mechanism. Must buy tokens to use product? Partially yes, medium value capture (staking/discount/governance). Compared with peers (uniform criteria, no cross-sector comparison): Circulating market cap: Ondo Finance $3.00B, CFG undisclosed, HUMA undisclosed. FDV: Ondo Finance $4.20B, CFG undisclosed, HUMA undisclosed. Annual revenue: Ondo Finance $2.00M, CFG undisclosed, HUMA undisclosed. Monthly active addresses or users: Ondo Finance undisclosed, CFG undisclosed, HUMA undisclosed. Figures based on public data snapshots, some missing data supplemented by official or industry sources. Valuation: circulating market cap $3.00B, FDV $4.20B, P/S 1500.0x, FDV divided by revenue 2100.0x. Pessimistic scenario $3.00B at 50-70% discount, neutral range oscillation, optimistic scenario revenue doubles, burn implemented, enterprise clients onboard, FDV P/S aligns with top players. Final judgment: fundamentals solid (score 60/100). Token value capture realized (buyback/burn/Gas). Circulating market cap relatively expensive compared to fundamentals, overleveraged expectations, FDV moderate. Risks to note: short-term large unlocks dumping, protocol income long-term zero, token demand relying only on incentives (usage collapses if incentives stop). Follow-up tracking: weekly protocol fees, burn amount, active address retention, TVL/loan balance, GitHub version releases. Information sources public, logic self-developed, not investment advice. Data deviation over 30% requires reassessment.
Report ends here, welcome to discuss.
#FundamentalResearchReport #Crypto #Research #OKXOrbit ETH 晚间 二饼今天确实有点软，通道没兜住，又滚回 2650-2568 那个老箱体里了。别急着抄，先看能不能站稳。 我现在就盯 2610。小时线收不回 2650，就别谈反转，往下就是 2610。想反弹得先过 2713，过不去弹不动。 2610 站住，底仓还能拿。一旦破了，多单该减就减，别跟仓位谈感情。2610 一丢，2568 大概率也悬，到时候就不是小时级别的事了，可能直接演变成大级别下跌，别不当回事。 操作上：2649 带量上破就右侧追多，看 2676-2703；2628 带量跌破就右侧追空，看 2610-2568。没量别动手，插针专治手快，止损必须带。 4小时那边，2628 破了就看 2610-2568。2670 是关键，三根K线收不回去，4小时目标看 2520；收上 2670 就没事，收不上别硬扛。 日线上面那小盘整也破了，回到大箱体，结构偏弱。抄底别急，等信号，信号比勇气值钱。 BTC 晚间 小时级别还是空头占上风。反弹高点一次比一次低，回落低点一次比一次深，方向就是往下压。前面那根阴线还把前低给捅破了，这种走法不友好。反弹没劲，下跌有延续，别一看跌就手痒去接。 先盯 836Just saw that the US and Iran have resumed talks in New York, but don’t rush to conclude that the situation is easing.
The talks lasted a full 3 hours, and Trump stated that the talks were productive. Upon the news, Brent crude briefly dropped below $100, hitting a low of $98 during the session. However, after the talks ended, the Iranian president immediately reiterated that Iran would not surrender to the US, and oil prices rebounded back to around $103.
This pattern of falling then rising indicates that the market is trading on expectations of easing, not on actual facts.
None of the core disputes between the two sides have been resolved. Iran demands lifting the maritime blockade and unfreezing overseas assets, but the US has not conceded; navigation through the Strait of Hormuz and ceasefire arrangements remain on the negotiation table, with no formal agreement signed. In short, they have only temporarily set aside confrontation to communicate, and there is still a long way to go before a real ceasefire.
For BTC, oil prices are currently the most direct transmission channel.
If the talks can achieve substantive progress, the geopolitical energy risk premium will further decline, inflationary pressure will ease, the urgency for the Fed to continue aggressive rate hikes will decrease, and risk assets will get a breather.
But if the talks break down or Iran takes a hardline stance again, oil prices will quickly rebound, rate hike expectations will heat up again, and BTC will come under pressure once more.
Operationally, it is not recommended to bet on a one-sided outcome. The US-Iran situation is highly volatile; they may get along well today and reverse tomorrow.
It’s better to wait for clear substantive progress in the talks or a clear trend in oil prices before taking action. At this stage, watching more and acting less is much safer than blind operations.
What do you think? Will this US-Iran talk produce substantive results?
#美伊恢复接触，风险溢价会降吗？ $BTC $ETH $ZEC Currently, the battle between bulls and bears in the crypto market remains very intense.
On the positive side, the US spot Bitcoin ETF saw a single-day net inflow of about $860 million, with year-to-date capital flow turning positive again. BlackRock's IBIT has continuously attracted funds over the past few days, with cumulative inflows approaching $950 million. Strategy recently increased its holdings by about 1,050 BTC, bringing total holdings to over 847,000 BTC. Meanwhile, some traditional financial institutions have also started increasing their allocations to crypto assets, and market institutional participation continues to rise. On Friday, approximately $17 billion worth of BTC options will expire, with call options currently holding a certain advantage.
However, there are still some factors in the market that warrant caution. The US 10-year Treasury yield has risen back near 4.8%, and the high interest rate environment continues to pressure risk assets. In addition, recent crypto infrastructure security incidents have again reminded the market to pay attention to asset custody risks. More importantly, spot demand has remained weak over the past 30 days, with net demand around -160,000 BTC, indicating that the recent price rebound may be more due to a decrease in selling pressure rather than strong new buying.
From a medium-term perspective, market liquidity is gradually improving, but macroeconomic uncertainties remain. Friday's options settlement, US interest rate trends, and whether ETF funds can continue will be key variables for short-term price movements. 【Top 10 Crypto Traders' Highlights Today｜BTC September 24】
Tonight is not about chasing the rally; the key is to watch the 83000 support and the 85000 recovery. Wait for confirmation first, do not rush into directional positions.
1. Daan Crypto Trades (@DaanCrypto) original view: 83000–84000 is the boundary for BTC bullish momentum; be cautious if it breaks below 83000. Editor's analysis: Spot price at 83262, 24-hour low at 82875, has entered the defense zone shown in his chart.
2. Cheds (@BigCheds) original view: BTC 4H M-top measured decline has completed. Editor's analysis: After dropping near 82800, no acceleration yet; first watch for recovery, no confirmation of a new offensive.
3. Trader XO (@Trader_XO) original view: More important than the breakout is acceptance; falling back below key levels will weaken the breakout. Editor's analysis: Only consider 85900–86000 if it holds above 85000; if it breaks below 82800 and fails to recover 83000, then look at 82000–82500. Spot 24-hour decline about 3%, funding rate slightly negative, indicating crowded shorts but not necessarily a rebound. High volatility zone, leverage carries risk of a second stop-loss sweep; do not treat the analysis as a definite outcome.
#BTC #ETH #OKBThe four-year cycle playbook many relied on has not worked for this#BTC bear.
At this point, the last three were more than twice as deep and weeks from their lows.
This one is 30% below its high and rising.
A late drop to their depth looks less likely by the week.0$BTC The big coin bit back, dropping again tonight, washing out many weak hands, and panic selling has basically occurred.
Of the three contracts I opened, $NEAR did not fall below 4u, $ARB did not fall below 0.21, and uni, because it surged too much a few days ago, when uni was fluctuating between 8.5-9.5 a few days ago, I set its psychological support level at 8, and it has now pulled back to around 8.707.
Currently holding all long positions. Honestly, if I had some u, I would add a bit tonight, but unfortunately, I don't plan to move my spot holdings for now. I split the only 600+ u I have into 3 parts and opened three 5x longs today. This is my third week playing contracts, slowly gaining some experience, just a little fun and self-entertainment.
The above is just my personal idle thoughts and does not constitute investment advice.
#BTC冲高回落，市场轮动开始了吗？ #美伊恢复接触，风险溢价会降吗？ #财报观察员：好市多Q4财报即将公布 $HYPE bullish pulse, but selling pressure above remains heavy.
Yesterday, HYPE surged to a new high of $98, but the selling pressure from above immediately pushed it down. The price fell steadily, and around $92, a large amount of profit-taking began, leading to capital outflow and continued price decline. Although there was a short-term rebound mid-way, the buying power of bulls was insufficient, and the price eventually dropped to around $90.
Today, news broke that HYPE will soon be listed on spot markets, causing a brief 1.5% pulse upward. Bulls tried to test higher again but faced concentrated profit-taking. The selling pressure above was too heavy, and the market was pushed down again, with the current price back near $91.
It is clear that even with positive news, it only brings a short-lived pulse. As long as the pressure from profit-taking at high levels is not fully absorbed, mere news is unlikely to sustain the market rally. 💰 Holders are realizing profits on #BTC.
However, the amounts remain relatively low, with $5.1B in net profit realized over the last 7 days.
They look closer to late 2023 levels than to what we saw at major tops.世间万物都有一条死亡曲线。 公司越老越容易倒闭——标普500成分股的平均寿命已经从1957年的61年缩短到今天的18年。货币越老越贬值——美元自1913年美联储成立以来购买力蒸发了97%。帝国越老越脆弱——罗马撑了500年，大英帝国的全球霸权不过200年。 热力学第二定律说：一切封闭系统都走向熵增，走向无序，走向死亡。 但有一个东西，它的死亡曲线是反的。 越老，越不容易死 2012年，纳西姆·塔勒布在《反脆弱》中提出了"林迪效应"：对于一些不会自然消亡的事物，它已经存活的时间越长，人们预期它继续存活的时间就越长。 这不是心灵鸡汤，而是有严格数学基础的统计规律。对于一本书，如果它已经持续出版了100年，统计学上对它的最佳预测是——它还会再存在100年。对于一种技术、一种思想、一种制度，这个规律同样成立。 比特币从2009年1月3日创世区块诞生至今，已经存活了超过17年。 17年前，全世界认为它是一个极客玩具，活不过一年。12年前，有人认为它是郁金香泡沫，活不过一个周期。6年前，多国联手围剿，宣布它"非法"。3年前，全球最大加密交易所FTX崩盘，人们说"比特币的末日到了"。去年，它从12.ZEC whale closed 38,000 short positions, confirming a loss of approximately $35.4 million to $36.1 million. Looking only at this information, it's easy to conclude that "shorting privacy coins ended in a harsh market lesson." However, public tracking shows the same entity also holds about 202,000 spot ZEC, with a paper profit exceeding $200 million at the time. If the attribution is accurate, this short position might not be purely directional shorting but could also serve to hedge spot holdings, lock in some risk, or manage volatility. Isolating the leg with the largest loss makes a complex position look like a foolish gamble. Of course, this does not mean the operation was flawless. The short position cover reportedly pushed ZEC up about 2.7% within roughly 90 minutes, indicating that after the position became too large, exiting itself changed the price. You think you are closing risk, but the market turns your exit into new momentum. The most ironic and interesting part of this is: the traded asset is a privacy coin, yet the position was watched by the entire network. In the on-chain era, what might truly be scarce is not privacy assets, but the ability to execute without revealing intent. #ZEC巨鲸3.8万枚空单平仓，亏损超3500万美元 🔷 CFTC: Mention bets — manipulation
• The regulator warned Polymarket and Kalshi about mention contracts
• Execution depends on human actions — cannot be verified
• Teleprompter: $100K+ on Trump speeches, paid out $172K
• Santos paid $35K for bets on his presence
• Currently: 62% chance Trump will mention China 5+ times
🧠 Teleprompter case — a ready scheme for text manipulation ahead of the market
⚠️ Regulation could spread to all event contracts
❓ Will mention bets be removed?👇
$TRUMP #美伊恢复接触，风险溢价会降吗？
The US and Iran are back at the negotiating table.
The market's first reaction is straightforward:
Oil prices fall, gold jitters, US stock futures breathe a sigh of relief, and even crypto markets see less "war panic buying."
The logic is simple:
US-Iran easing → Strait of Hormuz risk decreases → oil prices give back geopolitical premium → inflation expectations cool down → pressure on rate hikes/balance sheet reduction eases → risk assets (US stocks, tech, BTC, ETH) valuations loosen.
So in the short term:
Geopolitical risk premium will decrease, but not to zero.
BTC, as a "global liquidity barometer," tends to benefit.
But don’t mistake "contact" for "agreement"—this is just "talking about talks," not "peace landing."
What we really need to be cautious about:
US-Iran historically fight without breaking, talk without reconciling.
Israel, sanctions, nuclear issues, Strait of Hormuz, Middle East proxy wars... any headline can bring the premium back overnight.
If oil prices spike, inflation trades restart, and risk assets immediately get liquidity drained.
My judgment:
Risk premium drops from "extremely high" to "somewhat high,"
not from "war" to "peace,"
but from "about to explode" to "negotiating with intimidation."
In crypto terms:
• Short term: sentiment improves, BTC/ETH likely to rebound with risk assets
• Medium term: watch 10Y US Treasury, USD, oil prices—not White House press releases
• Long term: Middle East structural conflicts unresolved, black swan premiums will always have buyers Last night my hand trembled slightly when setting the stop loss, and this morning I realized it was an unnecessary act of filial piety. Before going to bed last night, I saw $AVAX's rebound was weak, volume didn't keep up, and every surge lacked a breath; the resistance above was very obvious. I saw insufficient support, so I suggested a high-position short strategy at the time, not chasing longs. Opened the position at 10.775, not expecting an immediate answer, but it weakened all the way during the session. Current price is 10.097, short position +314.15%, the wait was worth it; the earlier hesitation was real, but the outcome is truly satisfying.
Don't lose patience in the oscillation and then try to regain dignity in a one-sided move.
First close 80%, keep the remaining 20% at cost price for protection. Let profits run if it continues to drop, and don't give profits back on a rebound. Don't let profits inflate, don't despair on pullbacks; take profits when it's time.
Now is not the time to rush. For friends who haven't entered yet, listen to me: chasing highs easily leaves you stuck at the peak. Wait for the next move, wait for a new structure to emerge, then I'll notify you immediately. The market is not short of opportunities, it lacks patience.
$ETH $SNDK Brothers, $ZEC is really fierce this round! The demon coin that stubbornly wouldn't drop a few days ago has finally started "paying back" today.
Look at my short position, entered at 868.79, now the mark price is 1466.3. Although the floating loss is still 206%, compared to the nearly liquidated -260% before, this rebound finally lets me catch my breath. From yesterday's high near 1620, it smashed down to 1465, a drop of almost 10 points.
Why did it suddenly crash today?
First, the longs were overcrowded to the extreme, causing a stampede. The funding rate is deeply negative; the long leverage was piled up too high earlier, and now as profit-taking runs, they trample each other. The order book shows B 89% vs S 11%, with a bunch of buy orders trying to support the price, but it just can't hold—this is a classic long-kill-long scenario.
Second, Bitcoin's pullback dragged down the whole market. BTC stalled near 85,000 then turned down, instantly cooling market sentiment. High-beta demon coins like ZEC decouple from the market when rising but fall faster than anyone when dropping.
Third, ZEC's independent narrative is fading. The bullish factors like Grayscale ETF and NU7 upgrade expectations were all priced in earlier. Now that the good news is exhausted, funds are flowing back to top assets, turning ZEC into a cash-out machine.
My judgment: 1465 is a critical level; breaking it means 1400, and breaking that means 1300. But brothers, don't rush to chase shorts; the bears just recovered some blood, so there might be a short-term rebound. I'll keep holding my short, with a stop loss above 1550 and a target initially at 1350.
$BTC
$ETH
#BTC冲高回落，市场轮动开始了吗？ #美伊恢复接触，风险溢价会降吗？
The US and Iran have resumed diplomatic contacts, signaling a potential easing of geopolitical tensions in the Middle East. The market has started to price in a decline in geopolitical risk premiums. Following the news, international oil prices fluctuated, gold's safe-haven demand was suppressed, indirectly affecting the pricing of global risk assets.
Market logic: If the Middle East conflict cools down and oil prices fall, it will ease inflationary pressures and support expectations for Federal Reserve rate cuts, benefiting risk assets like crypto and US stocks. However, it is important to recognize that resuming contact does not equal reconciliation; significant differences remain between the two sides, and the risk of recurring conflict has not been fully eliminated.
Personal view:
Geopolitical easing can only bring short-term sentiment recovery and will not change the core drivers of the crypto market. BTC's trend mainly depends on ETF capital flows and US Treasury yields; Middle East news is more of a disturbance factor.
If negotiations break down again and tensions rise, risk premiums will quickly rebound, causing sharp synchronized volatility in oil, gold, and crypto. Do not treat diplomatic contact as a certainty for positive outcomes; repeated news cycles can trigger rapid spike-and-drop moves.
Geopolitical events are suitable for sentiment reference but should not be the main basis for trading decisions. The focus should remain on macroeconomic data and market capital flows. Just got hit again.
Seeing $BTC break below 84000, I couldn't resist chasing a short, but the lowest it hit was 83707, then it quickly pulled back above 84200. Now the short position is directly stuck.
The most ironic part is: when I saw it break below 84000, I thought in my head, "Support is broken, there should be more downside," but the market only gave me a few hundred points of room before starting to recover. $BTC and $ETH
Options expiry could bring major volatility this Friday.
BTC is trading around $86K, while ETH sits near $2.7K. A large volume of BTC and ETH options are set to expire, with maximum-pain levels below current market prices.
Many traders expect prices to move lower toward those levels after the recent sell-off.
However, crowded bearish positioning can create a squeeze. If too many shorts are positioned for a drop, a sudden rebound could force liquidations before expiry.The recent US-Iran situation is having an increasingly obvious impact on the market.
Previously, when the US and Iran signaled contact and negotiations, market risk premiums quickly declined, crude oil prices briefly fell, BTC rebounded rapidly, and then funds began rotating into ETH and some altcoins.
However, as the latest negotiations have not yet produced a clear breakthrough, market sentiment has turned cautious again, crude oil has strengthened once more, and BTC has experienced a rapid pullback. On September 24, Reuters reported that significant differences remain between the US and Iran regarding ending the conflict and related arrangements, so oil prices continue to be supported by geopolitical risk.
This rhythm of "negotiation expectations → risk assets rise → negotiation obstacles → safe-haven sentiment rises" is indeed worth attention recently. However, rather than simply interpreting it as someone "manipulating the market," I prefer to see it as a rapid feedback of geopolitical news on risk asset pricing.
Today, I chose to participate with a light position, using low leverage of 5x to make a short-term long trade. After the market generated profits, I took partial profits while continuing to place staggered orders below, waiting for new price opportunities.
I have not moved my spot positions for now and continue to hold and observe; for contracts, I strictly control position size and leverage, taking profits when available and not chasing the rally.
Currently, the key variables worth watching are:
🌍 Whether US-Iran negotiations make substantive progress
🛢️ Whether crude oil can sustain its high levels
₿ Whether BTC can stabilize again after the pullback
🔄 Whether funds continue rotating between ETH and altcoins
💵 Whether US Treasury yields and the high interest rate environment continue to suppress risk assets It's been two days since the 3-hour US-Iran contact, and the two sides haven't even agreed on "how the talks went"—Trump said it was "productive," but the Iranian Foreign Ministry said "nothing new." Whether the risk premium will drop or not, their statements don't align. Woke up and the position was gone!
Gold has taken profit!!
Held for a week. Better late than never!
Most has already been cashed out. The remaining small position is waiting for a minor reversal structure here or to continue down to below 4200 for a mid-to-long-term layout~ $XAU
#高利率下，黄金还能走多远？ $BTC gave a short-selling idea in the afternoon in advance, while clearly reminding that this is just a weak rebound and the downtrend will continue. In the live market, a short position was arranged at 84500 in the afternoon, originally planning to target 82800. Considering the market is prone to spike washouts, without stubbornly holding the target, the take-profit was proactively adjusted to 83000. Subsequently, the market volume expanded and dipped, with an intraday spike hitting 82800 directly, allowing us to smoothly complete the take-profit and secure a 1500-point range.
Many traders always hold a perfectionist mindset, insisting on riding out the entire wave of the market and only stopping at ideal points. But the market won't follow your expectations; sudden spikes can directly swallow floating profits. Trading is not about maximizing every single trade; knowing when to take profits and adjusting plans dynamically according to market conditions prevents being toyed with by the market. Predictions are only references; flexibility is the key to long-term survival in the market.Institutions are releasing optimistic target prices while cashing out chips, handing high-position shares to momentum traders.
Once the news broke, short-term funds are still speculating on AI computing power order expectations, and $DELL surged accordingly, reaching above 590.
However, the fundamental order fulfillment pace is questionable, and selling pressure in the circulating shares remains looming overhead.Greed, Anger, Ignorance, Doubt, Arrogance, Anxiety, Impatience, Worry, Distress
Test Position, Add Position, Take Profit, Reduce Position, Stop Loss, Close Position In the past two hours, $ARB moved from 0.2158 to 0.2109, down 2.25%. Current price 0.2109, 24-hour -11.77%, hovering at 6.4% of the 24-hour range 0.2102 ~ 0.2407. On the 15-minute chart, three of the last six candlesticks are bullish—a tug-of-war between bulls and bears. Let's talk about the short-term structure first. At the 15-minute level, the price is below the MA20 (0.2155) and MA50 (0.2165), with two moving averages converging, indicating sideways movement. The 2-hour range is 0.1610 ~ 0.2555, with the current price at 54.1%. The 2-hour MA20 is at 0.2266, with the price below it at 6.90% (2-hour caliber). The daily chart shows a complete bullish structure: MA20 at 0.1747, with the price 20.72% higher; The daily range is 0.0721 ~ 0.2555, at 76.4%. Key levels: I'll give the numbers directly: resistance above 0.2161 (near 8 15-minute highs), then 0.2155 (15-minute MA20). Support below at 0.2102 (near 8 bars at 15-minute lows). Liquidity: Rate -0.0136%, negative, bears paying bulls. [Viewpoint] Bearish (short-term within 24 hours) [Basis] (1) 2-hour M$BTC $ETH
🚨 BTC & ETH Options Expiry Could Trigger a Volatile Move.
📉 BTC: ~$86K
📉 ETH: ~$2.7K
Large BTC and ETH options expire Friday, with maximum-pain levels significantly below current prices. After the recent market downfall, many traders expect prices to be pushed lower toward those levels.
But crowded bearish positioning can create the opposite move. If too many shorts target the maximum-pain levels, BTC and ETH could rebound first forcing short sellers to cover before expiry16 member states are lending, and EBA is only now thinking about regulation
The European Banking Authority is targeting crypto lending.
Key rules: intermediated crypto lending may be included in the MiCA list, and DeFi access channels will also be regulated.
Trigger conditions: suitability tests, leverage limits, information disclosure—none can be avoided.
For long-term holders, the biggest fear is not a price drop, but rules changing overnight.
My position remains, the direction hasn't changed, just no more leverage.
Let's wait until the MiCA review is implemented before making any moves, no rush.
#美债收益率全面走高，高利率为何难降？
#美联储官员密集发声，加息还要持续多久？ #美元稳定币或加速出海 $BTC The Federal Reserve's hawkish tone is pressing down, the crypto market waits for a breakout to move again
🔥🔥The hawks won't relent, risk assets bear the pressure first, being out of position is also a position
The Fed is more lively tonight than the candlestick chart. Ball, Collins, and Musalem take turns calling for continued rate hikes, with 16 officials expecting more hikes this year. White House Hassett is urgently protesting, questioning why. The louder the argument, the more it shows the hawks have not conceded at all.
As interest rates rise, non-yielding assets like $BTC are the first to be drained. Previously, bearish views awaited macro support; now the support has arrived. But the right direction doesn't mean you can blindly charge in now.
Just closed a long position, feeling clearer. Better to wait empty-handed for a breakout than to chase shorts naked. At this level, a slight misstep could trigger a short squeeze rebound, and naked shorts would suffer worse than longs. The big trend is bearish, pace yourself. Don't be stubborn, don't follow blindly. Watch how it moves first, then decide on the breakout.
Can the hawkish chorus extinguish the crypto market's risk-on sentiment? The answer may not matter; what matters is: don't bet amid the noise, wait for the market to choose its direction.
A skilled warrior defends before attacking, avoids heavy positions while risks remain; if the trend exists, opportunities arise when the wind blows.Three UK banks used tokenized deposits for a mortgage
The UK just completed the world's first interbank tokenized pound sterling transfer.
Lloyds, National Westminster, and Barclays participated.
Where did the money come from:
The three banks manage £1.52 trillion.
It's not new money being transferred, but an on-chain version of deposits.
How is this number calculated:
The deposit is still the same deposit, just recorded on the chain.
Mortgages continue as usual; only the settlement channel changed.
The three banks themselves act as the ledger, no middleman needed.
The currency running on-chain is pounds sterling, not $BTC.
The amount of money hasn't increased, it just took a shorter path.
#BTC冲高回落，市场轮动开始了吗？
#美股探索代币化与全天候交易 $BTC