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SUI is one of the most discussed new public blockchains in this cycle and a project I have been following for a long time. Many people call it a rival to Solana, while others believe it could become the biggest dark horse in the next bull market. But I believe what truly determines SUI's future value is not the phrase "high TPS," but whether it can support more and more real users and real capital in the coming years. In today's article, I will comprehensively analyze SUI's prospects through 2028 from five dimensions: technology, ecosystem, capital, risk, and price. This article is entirely my personal research and views and does not constitute investment advice. To start with the conclusion, I believe that before 2028, SUI still has a chance to enter the top tier of global mainstream public chains, but whether it can reach new historical highs depends on whether its ecosystem growth rate can consistently exceed market expectations. SUI's greatest advantage is that it is not simply copying Ethereum or Solana, but rather redesigning an underlying architecture better suited for high-performance applications. The official positioning is not just as Layer 1, but also as a new type of infrastructure supporting AI, payments, gaming, DeFi, and real-world assets. The Sui Foundation also continues to advance capabilities in payments, privacy transactions, and platform development. Many people first learned about SUI because it came from Meta's original Diem team. The core team members have long been involved in underlying blockchain development, so SUI did not use the traditional account model from the start, but instead adopted the Object model and the Move language🚨 This might be the craziest week of 2026.
Bitcoin surged about 22% in 7 days, once approaching $80,000, marking the strongest weekly performance since March 2024.
Even more remarkable, this rally was not simply driven by "buy orders."
Short positions faced consecutive liquidations, with over $4 billion in short positions forcibly closed within just two days, forcing shorts to cover and further creating a classic short squeeze.
Meanwhile, the entire crypto market added about $500 billion in market value over the week.
ETH rose about 26% for the week, and HYPE surged approximately 36%.
Several key variables behind this rally:
1️⃣ The U.S. Treasury expanded long-term Treasury repurchases, and the market began trading on expectations of "improved liquidity"
2️⃣ The U.S. dollar weakened, with both gold and BTC attracting capital simultaneously
3️⃣ Trump continues to push for a crypto regulatory framework, with rising expectations for the CLARITY Act
4️⃣ ETF funds are flowing back in
5️⃣ Concentrated short covering created a strong upward acceleration
So, this is not just a simple "BTC up 22%."
What truly deserves attention is: macro liquidity expectations + policy catalysts + ETF funds + short squeeze are resonating together.
Of course, the short-term gains have been very steep, and the market may experience intense volatility. But if the liquidity environment continues to improve, this week could become a crucial turning point for a new crypto market trend reversal.
Is the BTC bull market really back?🚨 Who exactly is driving this sudden surge in BTC?
From over 60,000 all the way up to nearly 80,000 USD, many people's first reaction is:
"Is there some big positive news again?"
Actually, it's not that simple.
This rally looks more like a combined force of macro expectations + short squeeze + spot capital all pushing simultaneously.
1️⃣ Macro ignites the fire first
The U.S. Treasury expanded long-term Treasury buyback programs, combined with a weaker dollar and pressure on long-term Treasury yields, the market has resumed trading on the logic of "improved liquidity" and "dollar depreciation."
So this time, BTC is not the only one rising.
Gold is also strengthening, and risk assets are starting to recover.
2️⃣ Shorts add fuel to the rally
After BTC broke through key resistance, a large number of short positions started to stop loss and liquidate.
This created a very typical cycle:
Price rises → shorts liquidate → forced buying → price continues to rise → more shorts get liquidated.
So the first half of this rally clearly has a strong short squeeze characteristic.
But the third force is what really deserves attention.
3️⃣ ETF capital starts to take over
If it were only driven by liquidations, such rallies usually spike quickly and then pull back fast.
But now, spot BTC ETFs are showing clear net inflows again, indicating the market is not just shorts being forced to buy, but real spot capital is entering.
This is crucial:
Shorts light the fire, spot capital decides how long it burns.
So going forward, I won’t be guessing daily "is this the top," but will focus on three signals:
① Can BTC hold above 70,000 USD steadily?
② Can BTC ETF net inflows continue?
③ Will the dollar and Treasury yields strengthen again?
If capital keeps flowing in, 80,000 USD is just the next resistance, not necessarily the end.
But if the short squeeze ends, ETF capital cools down significantly, and the dollar and Treasury yields strengthen again, then caution is needed.
Because without new capital taking over, a rally driven solely by liquidations can easily turn into a high-level consolidation.
So the easiest mistake now is:
"It’s already risen so much, it must fall, just short it."
The market won’t fall just because you think "it’s risen too much."
Don’t rush to fight the trend hard before it’s truly broken.
A real top isn’t because it’s risen a lot, but because buying pressure starts to fade. #BTC冲高后震荡，ETF资金持续流入 #ETH触及2500美元后震荡 $BTC At 3 a.m., watching the market, my finger rests on the candlestick without moving—this round of market movement isn't driven up, but driven out by the bears. $BTC From 62k to 79k, you might think the daily candlestick is bullish, but what really drives the price is the massive short positions accumulated in the 62k to 67k range being forced liquidations, with 24-hour liquidations once exceeding $3 billion. It feels like a spring pushed to its limit, ropes snap one by one, and prices are "pushed up" rather than bought up. The capital inflow back from spot ETFs is real, but what's even more noteworthy is that since September, the U.S. Treasury has raised the minimum limit for long-term Treasury repurchases to $4 billion per time, signaling a quiet easing in the broader environment. While Trump pushed the CLARITY Act, the CFTC is paving the way for compliance frameworks—policy, liquidity, and short squeezing are all stacked together, and it's no longer just a matter of a single positive factor. $ETH This round of catch-up gains was fierce, nearly 20% in a single day, with spot ETF inflows totaling about $189 million. $HYPE Even more exaggerated, as soon as Trump mentioned the CFTC advancing its compliance framework, the price skyrocketed. The resilience of the knockoff is starting to return. My view is that this stage is more like a "continuation period" of the trend rather than a "startup phase"—the first main rally has ended, and the market is digesting gains and seeking the next consensus. On the bullish side: policy expectations are still fermenting, ETF funds show no signs of withdrawal, and after short positions have been cleared, resistance to further upward movements has diminished. The risk side is: short-term gainsWeb3 Pan-Entertainment and On-Chain Live Streaming (Suitable for attracting younger, entertainment-oriented communities)
Title: On-Chain Live Streaming + Real-Time Tipping: How Does ACO Build a Web3 Version of Interactive Entertainment Ecosystem? 🎥
Traditional Web3 products tend to be overly "financialized," lacking daily high-frequency entertainment stickiness. ACO directly brings decentralized social and real-time audio-video live streaming onto the chain:
🎤 On-chain HD live streaming & voice rooms: Supports hosts to start streaming, content sharing, and real-time community voice interaction, with data and relationship chains fully owned by DID identity.
🎁 Peer-to-peer real-time tipping: Fans' tips are credited to the host's wallet via smart contracts within seconds, eliminating the high 50% commission charged by Web2 platforms.
⚡ Interaction as mining: Users accumulate social computing power by interacting, tipping, and sharing in the live room, sharing rewards from the entire network's ecological mining pool.
Shifting from pure "speculative trading" to "play-to-earn," will entertainment scenarios be the next entry point for tens of millions of users?
#OnChainLiveStreaming #Web3Entertainment #ACOecosystem #CreatorEconomy #DecentralizedSocial #ETH触及2500美元后震荡
I believe the nature of this ETH rally is undergoing a fundamental shift. It is no longer just a short squeeze after an oversell but a structurally driven market dominated by spot ETF inflows. However, the $2500 level faces significant profit-taking pressure in the short term.
The judgment mainly comes from the change in the nature of the funds. Although over $1.1 billion in short liquidations in the past 24 hours did indeed drive a rapid price spike, that was only the catalyst. The real fuel was last week's net inflow of about $697 million into the US spot Ethereum ETF, marking a new high since 2026. This level of incremental capital usually indicates the entry of allocation-driven buying rather than pure short-term speculation.
From the market details, OKX spot ETH quickly fell back to around $2400 after touching above $2500, indicating a large amount of short-term profit-taking and previous trapped positions at that level. The current consolidation is a process of buying time to create space, cleansing high-leverage floating positions that followed the bottom. As long as the ETF net inflow trend does not reverse, the support near $2400 will remain relatively solid.
For traders, the strategy now should not be chasing highs or selling lows but observing the strength of support in the $2400-$2450 range. If ETF data remains positive in the coming days and the price holds above key moving averages, this consolidation is an opportunity to catch the pullback; conversely, if fund inflows slow, beware of the risk of a drop back to the $2200 level.
@OKX星球 Talking about $ETH, according to OKX market data, $ETH has continued to weaken after falling below 2400 USD, currently trading around 2357 USD, down 3.6% in 24 hours.
Additionally, the total market capitalization has fallen about 5.6% in the same period, indicating that this is not an isolated crash of ETH but a widespread risk contraction.
Notably, on-chain data shows that F2Pool co-founder Wang Chun's related address transferred 12,765 ETH to Binance within three days and withdrew 87.68 million USDC to repay Spark loans, suspected to be reducing positions and deleveraging during the rebound.
This address still holds about 65,000 ETH and 1,000 WBTC, valued at over 230 million USD, currently likely reducing liquidation risk rather than bearishly selling off.
On the other hand, institutional funds are still buying. The Ethereum spot ETF had a net inflow of 185 million USD in a single day, marking five consecutive days of inflows; last week, it attracted about 697 million USD in total.
Therefore, the current short-term weakness of ETH coexists with a mid-term demand recovery.
Whale debt repayment indicates that highly leveraged funds are starting to defend, while ETF inflows provide support from below.
The key point to watch is whether 2400 USD can be quickly reclaimed.
If ETF inflows continue but the price fails to recover, it indicates heavy selling pressure in the market! If the price recovers with volume, the current pullback is more likely a deleveraging after a rise rather than a trend reversal to a downtrend.
#ETH触及2500美元后震荡 $ETH Market Participant Capital Structure Analysis
#ETH触及2500美元后震荡
The recent surge of Ethereum to $2500 was driven by three types of capital.
The first type is contract short funds. In 24 hours, short liquidations exceeded $1.1 billion, with a large number of short positions forcibly closed. The forced buy-ins from liquidations directly pushed the price rapidly higher. However, short liquidations are a one-time bonus; after a large number of short positions are cleared on the market, this upward momentum will quickly fade.
The second type is ETF institutional funds. Ethereum ETFs recorded the highest weekly net inflow of $697 million in 2026, representing solid off-exchange allocation capital. But compared to Bitcoin, Ethereum's institutional buying strength is weaker, the ETH/BTC exchange rate is under pressure, and the sustainability of institutional capital relay still needs to be observed.
The third type is short-term retail and leveraged traders. Seeing the huge short-term gains, many speculative funds rushed in following the trend. This type of capital is strongly sentiment-driven; once the market fluctuates, profit-taking will quickly exit.
Now, the upward momentum brought by shorts has been mostly consumed. Whether the market can stabilize going forward mainly depends on whether ETF buying can continue to enter and absorb the profit-taking pressure on the market.
If institutional inflows slow down, combined with high leveraged positions on the market, Ethereum's volatility will be further amplified, and the risk of a pullback will significantly increase. #ZEC hits a new all-time high on the site, privacy assets revalued
$ZEC is really strong this round.
It surged to $859 at one point, directly breaking the historical high, then fell back to around $800.
On the surface, it looks like a price increase, but behind it is the market starting to reprice privacy assets.
On one side, Grayscale is pushing the Zcash Trust to convert into a spot ETF; on the other, Ironwood is upgrading to enhance privacy and supply verifiability, plus the expansion of mining infrastructure.
With these three stories combined, capital naturally starts to refocus on ZEC.
But I’m actually reluctant to directly say "the privacy sector is taking off" right now.
Because ETF expectations are positive, but the expectations themselves might become the biggest overextension.
After $859, what really matters is not whether it can continue to surge, but whether capital is still willing to buy after a pullback.
If ZEC can absorb profit-taking at high levels while ETF expectations continue to advance, then this might not be simple speculation but a valuation restructuring of privacy assets.
But for now, it seems the story is still there, but the capital might already be gone.
Today the price has already fallen below $800, and it may continue to drop further; this position should be good for shorts! TRUMP dropped 9%, but the "scam" is not about the old coin
At 3:17 on August 23, I checked Eric Trump's original post: he denied "issuing a new coin," not declaring the old $TRUMP a scam.
OKX spot from 04:00 to 13:00 fell from 2.487 to 2.263, -9.01%. Close in time does not mean the same subject.
The leak did not provide a ticker, contract address, or issuer. If an address can be provided for verification, then we can talk about a new coin; otherwise, it remains a rumor.
Would you factor the refutation into the valuation of the old TRUMP? What evidence would make you change your judgment?
Data: Eric Trump X, OKX spot hourly K, 13:00.
Crypto assets are high risk; this article does not constitute investment advice and is purely personal opinion.
#OKXPlanet #TRUMP Privacy my ass, does the US tell you to disclose or not?
Although your words are blunt, they do hit the nail on the head—privacy coins are inherently opposed to the US regulatory push for transparency.
But Zcash can still survive because its privacy is optional—you can hide if you want, disclose if you want, institutions only use transparent addresses for custody, and audits can be done anytime.
That's why Grayscale dares to repeatedly apply for a Zcash ETF, and the SEC hasn't outright rejected it. Monero is the real "privacy my ass"—the entire chain is private by default, custodians can't even audit, so there's no chance for an ETF.
Zcash's privacy is for users, not for institutions to hide behind. If the US wants to investigate, it can be transparently shown to them. 🤡
#ZEC创站内历史新高，隐私资产重估 $MINIMAX $ZHIPU
MINIMAX is about to release its 2026 mid-year report. Observing the current K-line pattern, the stock price is expected to reach a resistance level—the previous high of 400 HKD. It is recommended that everyone consider the financial report before making decisions, but I myself can't wait to enter with a light position, after all, I am just an ordinary college student, and even if I lose money, it will be a small amount 😁
Here is a breakdown of the valuation logic for MiniMax's two main businesses:
1. Consumer side (Talkie + Conch AI)
Benchmarking overseas AI consumer applications, looking at ARR (Annual Recurring Revenue), assigning a medium PS multiple.
Advantages: provides cash flow; Disadvantages: fierce competition, visible ceiling, valuation is destined not to be too high.
2. Business side API open platform
Benchmarking Zhipu, Anthropic, the model API business can enjoy a higher valuation.
The business side is the biggest source of valuation elasticity for MiniMax: if the business side proportion continues to increase, the market is willing to give a higher valuation; if it remains highly dependent on the consumer side, the valuation will be suppressed.
The financial report needs to verify the following:
1. Latest ARR figure, the company aims to reach 1 billion USD by year-end;
2. Revenue structure: whether the proportion of business side API revenue has increased, which is a key factor affecting valuation;
3. Changes in gross margin, whether the loss rate has narrowed;
4. Payment and retention data for Talkie and Conch; M3 model commercialization guidance
Personal opinion, combined with AI analysis, if you have good ideas please share 😊Goldman Sachs is buying villas by the sea in reverse. They have started hyping Korean stocks again, $SKHYNIX.
MXAPJ rose another 1%, MSCI adjusted $42 billion in passive flows: Goldman Sachs Asia-Pacific Weekly Report
Foreign capital is selling, but the index is rising——
Goldman Sachs released its Asia-Pacific weekly market outlook on August 22: Despite foreign capital resuming sales, the Hong Kong and China offshore markets rebounded and Asian currencies strengthened. The MSCI Asia Pacific (ex-Japan) index rose another 1%; amid rising oil prices, tech exports remain resilient.
Foreign capital flows: South Korea is the hardest hit by sell-offs
Emerging Asia (excluding China) saw a net foreign capital outflow of $1.5 billion, with South Korea dragging the most with a $1.6 billion net outflow.
Hedge funds: After record net sales in July, Asia continued marginal net selling in August but at a slower pace—Japan, South Korea, and Taiwan had the largest net sales, while China saw net buying. Mutual funds (July): increased holdings in South Korea, reduced in Taiwan and China.
The tension in this weekly report lies in the divergence of "foreign capital selling, index rising"—South Korea was sold off by $1.6 billion yet led the region's gains, relying on a rebound in chip exports and currency strength; China offshore +3% benefited from southbound funds and valuation recovery. The $42 billion MSCI passive flows (inflows to Japan, India, Taiwan; outflow from South Korea) will be realized on August 31—the battle between active and passive funds is the main theme for the Asia-Pacific market before month-end. Goldman Sachs maintains an overweight recommendation on South Korea, betting that the chip cycle plus currency appreciation story is not over yet. #海力士40万亿回购，扩产与回报如何平衡 $ZRO surged 50% weekly, showing strong event-driven sentiment premium, but the failure of the Fee Switch to pass three times resulted in no direct revenue capture, creating intense competition with the year-end Zero L1 mainnet Gas token narrative.
On the chart, there is dense selling pressure between 1.16-1.18 above, and a short-term bullish defense line formed at 0.95-0.96 below. Event-driven factors have caused chips to concentrate short-term in high-risk appetite funds, but inflation and insufficient ecological asset accumulation limit the continuity of position increases.
Among the driving factors, the $112.7 million buyback plan's bottoming effect ranks first in boosting short-term sentiment. Institutional support from a16z and Citadel has intensified expectations for the Zero L1 mainnet, while the Fee Switch's failure to pass, which suppresses the token's fundamentals, is temporarily marginalized by the market.
In the bullish scenario, if bulls complete turnover above the 0.95-0.96 support and break through the 1.18 resistance with volume, funds will continue to play on the mainnet launch benefits. This scenario requires monitoring market risk appetite improvement and mainnet progress; failure to break 1.18 resistance invalidates the scenario.
In the bearish scenario, if the liquidation risk from losing 12 partners and over $15 billion in assets this year is repriced, the price will break below the 0.95 support. Triggering this scenario requires observing the selling pressure from profit-taking; if a quick rebound occurs above 0.95, the bearish scenario is invalidated.
The trust shadow cast by the Lazarus attack discounts ecological premium, and excessive fund concentration on unrealized expectations easily triggers forced liquidation from leveraged chasing. Once the $112.7 million buyback is completed and if the mainnet launch is delayed, positions will face a rapid fundamental revaluation with no revenue capture.
The key variables to watch in the next 7 days are the turnover rate at the 1.16-1.18 resistance and the strength of bullish defense at the 0.95 support.
#美光加码AI存储，十年研发投入100亿美元 #黄金突破4600美元，债券避险地位受挑战 #财报观察员：泡泡玛特增长换挡，多IP能否接力？I find this market movement quite interesting. BTC has indeed surged this week, jumping directly from 64,000 to nearly 80,000, but it clearly got stuck at the 80,000 mark and is now hovering around 77,000.
Here’s a brief summary of my view:
I think the main reason is improved macro liquidity, with US Treasury yields declining, plus Trump signaling support for crypto, which has clarified regulatory expectations. But the most direct driver is actually a "short squeeze"—a large number of shorts had accumulated earlier, and as the price rose, shorts were forced to cover by buying, which trampled the price upward.
The key is whether ETF funds can continue to take over. This week, spot ETFs saw a net inflow of over 1 billion USD, indicating institutions are putting real money in, which is a good sign. But if the short squeeze ends and no new funds enter, a pullback is very likely.
Trading suggestions:
- BTC: Don’t blindly chase the highs now; there is strong resistance at 80,000. I think it’s better to wait and see. If it pulls back to the 74,000–75,000 support range, consider lightly buying in; if it breaks and holds above 80,000 with volume, then consider following up.
- ETH: Follow BTC’s lead. It’s currently above 2,400 USD. If BTC stabilizes, ETH may have more room to catch up. Keep an eye on support around 2,350.
In short, the battle between bulls and bears is intense right now. Manage your position size carefully and avoid leverage. $BTC $ETH #BTC冲高后震荡，ETF资金持续流入 #ETH触及2500美元后震荡 $ZRO has risen quite a bit today. However, I don't think it can hold such high prices as it is now. There are probably two reasons. On one hand, the project itself has already been abandoned by many teams; On the other hand, the coin's data does not support its continued rise. If someone considers it the light of the bear market just because of its current rise, I think that's a bit too arbitrary. It's hard for this coin to sustain its current upward trend. —————————————————— This coin is a cross-chain project. In the previous KelpDAO hacking incident, it exposed many issues. Later, because they neither took responsibility when problems arose nor thought about solving them, and kept shifting blame, many teams abandoned them. So the project itself no longer holds that much value. This is one of the reasons I believe it cannot sustain the current surge rate. —————————————————— Let's take another look at its contract data. It can be seen that its contract long-short ratio continuously decreases during its rising phase, while the corresponding contract open interest keeps increasing. This shows that when it rises, a lot of bears come in. Let's look at the data from a longer period. It can be seen that its current contract long-short ratio has dropped to the level of July 28, and the contract open interest has surpassed that level of July 28. If we look at the candlestick on July 28, we can see that it was the peak of the previous rebound#财报观察员：泡泡玛特增长换挡，多IP能否接力？
Is 149 HKD expensive after the drop? Market page (09992.HK): PE (TTM) about 13x, PB 7.47x, market cap 198.4 billion. Compared to the historical 30x PE, the bubble has basically been squeezed out, returning from growth premium to value range, valuation is quite conservative. A 13x PE for a company still growing revenue by 20% is indeed not expensive.
Revenue +23.8%, net profit +9.5% in the first half of the year, 13x PE corresponds to about 10% profit growth, not expensive; but with a high base, growth may be lower next year, bears say 13x is not cheap either. The tug-of-war itself means range oscillation, one-sided bets are risky. Cheap valuation and immediate stock price rise are two different things.
The average price from 20 institutions is 168.64, about 13% upside compared to the current price, mainstream expectations are for a "slight recovery" rather than a "reversal." 13x already prices in most pessimism, looking down at overseas inventory clearance, looking up at Star People taking over. Valuation is not extreme but needs performance confirmation to open up space.
If next year's profit growth can return to above 15%, 13x PE could recover to 18-20x, giving the stock 30-50% upside. Conversely, if overseas inventory and guidance continue to worsen, 13x could drop to 10x. Valuation is a result, not a cause; cheap now does not mean immediate rise, performance inflection point confirmation is needed.
$POPMART That load-bearing wall groans with the tension of steel rebar at 2 a.m.—this weekly ETH bullish candle isn’t built from bricks and stones, it’s fueled by liquidations. $110 million in forced liquidations over 24 hours sounds like muffled blasts at a demolition site; the dust hasn’t settled yet, and the $697M ETF pump truck is already in place, pouring high-grade concrete into the 2026 foundation.
You have to understand the dual geology of this construction site. What is short covering? It’s removing temporary counter-pressure piles, an elastic release that can’t support a permanent structure. The continuous inflow of spot ETFs, however, is like a static pile driver inching the load down to the bearing layer. That "nearly 30% weekly gain" looks to me like the sway of a tower crane’s jib—scary to watch, but the tension in the steel cables all hinges on the "funding rate" pin. The pile cap hasn’t cured yet; high leverage is like premature formwork removal. When the rainy season comes, no matter how polished the surface looks, cracks will appear.
I’ve drawn too many "skyscraper illusions" on blueprints. The whitepaper is a concept drawing, locked tokens are the reflective curtain wall, but the real structural safety lies in the "concrete mix ratio" of on-chain addresses—the influx of new addresses is the aggregate, long-term holders are the cement slurry, and that $1.1 billion liquidation volume is just the bleed water layer squeezed out by over-vibration. The question now is: is that ETF pump truck laying the foundation slab, or did it just pour a raft foundation and leave? If demand dries up, the remaining high-leverage "cantilever slabs" will sway midair; a gust of wind will cause oscillations more honest than candlesticks.
As for linked assets like XMSFT, they’re just billboard ads on the construction fence—no matter how skyscraper-like the painting, they won’t pass final inspection. Yield strength of steel, weld inspection reports, static load tests of pile foundations—none of these can be faked by market sentiment. This 2500 axis on-chain is stuck right in the core zone of the structural transition layer, below which crouches the USDE Treasury liquidation channel underwritten by Cantor Fitzgerald. Whether this building can keep rising doesn’t depend on how fast the scaffolding goes up, but on when the "regulatory" geological survey report gets stamped.
When the construction log reaches the page "short-term liquidation density too high," a smart supervisor will crouch down to check crack widths instead of looking up to count floors. Those who rush to remove side forms before the concrete has fully set usually hear the sound of steel yielding on delivery day. #ETHTests2500 $BTC BTC has pulled back to 76515, a normal retracement after a sharp surge.
· This week, it violently surged over 20% from 63000, with shorts liquidated for 4.5 billion dollars in three days
· Spot ETF has had net inflows of about 1.9 billion dollars for 5 consecutive days, institutions are buying with real money
· Funding rates have fallen back, this round is driven by spot buying rather than new leverage—solid structure
· Whale signals are contradictory: Cardone Capital bought 350 coins, while another whale holds 2555 coins (~197 million dollars) on an exchange
80000 is strong resistance, 68000-69000 is the cost line.
Spot buying is continuing, but whales are also exiting—keep an eye on how 80000 behaves. $HYPE hit new highs in recent days, with a peak reaching $82.43. But I think it's already a bit late to discuss "why prices have risen" now. What really deserves research is: Can Hyperliquid really keep making money? Because it has now formed an interesting chain: the more traders ↓ the higher the perpetual contract trading volume ↓ the higher protocol revenue ↓ the revenue buyback of HYPE ↓ reduced market circulation ↓ HYPE's valuation rises ↓ higher valuations attract more capital attention. This is why I truly watch HYPE. And now it has another card to play: if U.S. regulations really open the door to compliance→ Hyperliquid's user and transaction volume ceilings could be further raised. But don't forget the other side. HYPE had just hit an all-time high when large holdings were already being transferred to exchanges. So the most dangerous move now is: "If it hits a new high, it will definitely rise, just chase it directly." Instead, I would wait for it to prove for itself: can $76–78 become support? If it can hold and break through $82 again, the next phase will have a chance to see **$85, $90, or even $100**. If it can't hold on, it means the market needs to first digest profit-taking. So now, I wouldn't simply classify HYPE as an "altcoin." It's more like a market valuation test: is it sentiment that pushed it to $82, or is Hyperliquid's real revenue truly worthy of a higher HY?99% of people misunderstand the meaning of value investing, naively thinking that buying something that looks good and refusing to sell it is value investing. Most people probably understand value investing as taking a portion of the three conditions above: "The price isn't low, it seems to have potential, but it needs imagination to support and realize it." This is not value investing; it's a huge bet. Information is not lacking now, and identifying "a target that might have great potential" is not difficult, such as current AI stocks, SPCX, BTC, ETH, and HYPE. Left gold, right pancake. Recently, crypto has suddenly surged and US stocks have stalled. Friends jokingly say they've discovered a pattern: just buy when others are laughing at you and thinking it's like a pile of crap. Whoever gets mocked looks like a pile of crap buys whoever is mocked. This is a good strategy. And why is the title called "The Best Strategy for Ordinary People?" is because ordinary people actually have an advantage over institutions. Even if it's not profitable or just chasing highs, clients are willing to chase the hottest things right now. Institutions only want to sell their products, so they buy whatever is hot—who cares whether you're chasing highs or not. Who cares if you buy it or not? Gold on the left, cakes on the right. So the advantage for retail investors here is precisely their flexibility and tolerance. You can actively buy things that "seem very good in the long run now, but their prices are undervalued or even ridiculed." The above strategy may be an excellent proactive approach, but it requires strong discipline and does not conflict with the previously mentioned mindless dollar-cost averaging. Mindless fixed casting, hiAs expected, selling shovels is always the most profitable.
NVIDIA servers are about to increase in price, with the increase exceeding 15% in many cases. The contract manufacturers building data centers for Microsoft, Google, and Oracle have already notified their clients to prepare for price hikes. The reason is the soaring cost of memory chips, and NVIDIA itself has not responded. Coincidentally, next Wednesday after the U.S. stock market closes (early Thursday morning Beijing time), NVIDIA will release its Q2 earnings report, which the entire market is eagerly awaiting.
Wow, servers are already expensive, and a 15% price increase makes me cringe just hearing about it. The price hike also means handing a knife to Amazon, Microsoft, Google, and Meta's self-developed chips, but NVIDIA's software ecosystem moat is so deep that new data centers still can't avoid using its cards. On Friday, its stock closed down 0.98%, with a market value of $5.2 trillion, firmly holding the title of the world's top stock.
In short, with this memory price hike, NVIDIA will pass the cost downstream. How well the gross margin holds up in next week's earnings report depends on what Jensen Huang has to say. #英伟达AI服务器或涨价超15% Nearly $2 billion inflow over 6 consecutive days, but $BTC's rebound is saying goodbye to "easy mode"
BTC has surged from $58,000 to $79,500 in this round, with a gain of over 37% in nearly two weeks. The core driver is the continuous accumulation of ETF funds. From August 19 to 23, the US spot BTC ETF saw net inflows for 6 consecutive trading days, totaling about $1.94 billion, with a daily average exceeding $320 million. Institutional buying is the most stable ballast for this rally.
However, as the rebound progresses, the situation is changing. The previous main drivers—the short squeeze and leveraged chasing—have basically been exhausted. The key going forward is whether ETF funds are willing to continue buying at high levels around $80,000. If institutions maintain strong buying, BTC is expected to consolidate and then challenge the $80,000-$82,000 range; if inflows cool significantly and new buying breaks down, the price may retrace to $75,000 or even $73,500, completing a healthy profit-taking digestion.
In the short term, $77,500 is the pivot point for the bulls and bears tug-of-war. Next week's ETF data will be a key variable in judging the strength of the trend. Before the direction becomes clear, watch more and act less, waiting for confirmation signals before making moves. #BTC冲高后震荡，ETF资金持续流入 🔥ETH is no longer the "world computer"; it is becoming the "liquidation foundation for RWA"—but there's a catch with $ETH
Many people still criticize ETH using old frameworks: mainnet Gas at freezing point, burning can't keep up with issuance, price underperforming BTC. But if you piece together the upgrade chains for 2025–2026, you'll see its positioning has changed.
1) Technical foundation: Pectra + Fusaka transform ETH into an "L2 data layer"
May 2025 Pectra: EIP-7702 account abstraction, validator limit raised from 32 to 2048, Blob target from 3 to 6.
December 2025 Fusaka mainnet activates PeerDAS, Blob target raised from 6 to 14, max 21, data availability capacity expands about 8 times; Glamsterdam in the second half of the year will further raise L1 Gas limit to 200 million.
Result: L2 daily transactions about 24.6 million, more than 10 times the mainnet; L2 total TVL about $37.4 billion; mainnet median fee compressed to $0.008, but Blob settlement still completed on mainnet.
2) Institutional narrative: RWA + stablecoins are the real buying points
Stablecoin supply on Ethereum is about $148–299 billion range (depending on metrics), RWA about $15.5–17.2 billion, still the largest settlement layer for tokenized assets.
$ETH Now that the AI bull market has reached this point, I believe a very important change is happening: the money earned by the industry chain is starting to seriously consider how to return to shareholders.
Samsung's shareholder return plan of up to about $80 billion, on the surface, looks like a matter of buybacks and dividends, but behind it actually represents a corporate rebalancing of cash flow and capital allocation.
In the past, the most important keyword for the AI industry chain was "capacity expansion": building factories, buying equipment, increasing HBM capacity; everyone was eager to pour all the money in.
But capital expenditure cannot grow indefinitely.
When companies are willing to allocate more funds to reward shareholders, it to some extent indicates the industry is moving from pure "growth talk" to a "growth + realization" phase.
I actually think this is an important signal for whether the AI bull market can go further.
A truly healthy tech cycle cannot rely forever on rising valuations; it must ultimately turn into profits, cash flow, and then shareholder returns.
The story is responsible for opening up valuations, profits are responsible for maintaining valuations.
What’s truly worth watching next in the AI industry chain is no longer just order growth, but who can truly turn AI dividends into free cash flow.
#三星股东回报落地，最高约800亿美元 BTC's relative strength signals a market shift. ETH is falling more than 2.5 times compared to BTC—is this simply risk aversion or a signal for capital selection? In the original text, BTC fell 1.74% to $76,980, and ETH plunged 4.19% to $2,410, widening the yield gap between the two assets to 2.45 percentage points. Both assets are positioned above the 4-hour super trend line, but the asymmetry in the scale of declines is clear. The core of this adjustment is not the direction itself, but the difference in relative strength. This decoupling suggests two aspects in the market structure. First, funds are flowing into BTC, a highly liquid asset, and are leaving ETH and altcoins. Second, there is the possibility of a shift from a broad rally to a selective upward phase. If ETH's weakness persists while BTC defends $74,000, it could be interpreted that the market is moving past a phase where all assets are rising and entering a phase where asset selection becomes crucial. From the perspective of derivative positioning, this flow creates squeeze pathsI just understood why $BICAT suddenly got hyped 😂
Base has BASECAT, Robinhood has CASHCAT.
8 months ago Binance released a cat, and Flap named it:
Bicat.
Now this phrase has been rediscovered and turned directly into a Meme narrative.
Sometimes Meme is just this absurd:
First, someone believes the story, then the market prices the story.
But to be clear:
$BICAT is not an official Binance coin.
Now there's just one question left:
@okx, what's your cat called? 😂$ZRO ZRO surged 50% in a week, narrative is strong but fundamentals are weak.
· Zero L1 mainnet launching by year-end, ZRO will become the Gas token; backed by institutions like a16z, Citadel
· $112.7 million buyback plan as a floor, but fee switch failed three times, ZRO still lacks direct revenue capture
· Lost 12 partners this year, over $15 billion assets fled, Lazarus attack shadow still lingers
Resistance at 1.16-1.18 above, support at 0.95-0.96 below.
Short-term sentiment game, long-term depends on mainnet launch and trust rebuilding. ⚔️ Manstein's Two Cards: Blitzkrieg and Elastic Defense Manstein's strategic core is the switch between two forms: "Blitzkrieg" — concentrating forces, rapid breakthrough, annihilating the enemy before they can react; "Elastic Defense" — active withdrawal, luring the enemy deep, then counterattacking when the opponent shows a weakness. ZEC's current scenario is a perfect example of Blitzkrieg. 🚀 Act One: The Blitzkrieg is over On August 21, Grayscale submitted the fifth amendment of the Zcash ETF to the SEC. Grayscale officially renamed the trust to "The Zcash ETF," ticker ZCSH, with an annual fee of 2.5%, and custody by Coinbase Custody. Then ZEC went crazy. It surged over 22% in 24 hours, hitting $855 intraday, the highest since 2018. Spot trading volume was $1.06 billion, derivatives trading volume $9.54 billion — pushed by 9x leverage. Open interest contracts totaled $1.76 billion. Market cap $13.8 billion. What characterizes Blitzkrieg? Concentrated forces, rapid breakthrough, the battle ends before the enemy can react. ZEC rose from 250 to 855 in just two months — this is not a slow bull market, it's a standard "sickle harvest." Grayscale's report states: Zcash's privacy features may be indispensable in the AI era; if market share rises from 0.4% to 5%, ZEC's value could increase 9-fold. The report also reveals that about 90% of Zcash network transactions are shielded transactions. But the Blitzkrieg's most$SNDK previously experienced a violent market surge driven by concentrated funds rapidly pushing it up in the short term, but from its historical peak, it directly entered a cliff-like crash with zero support, with an overall retracement exceeding 99%. The market was continuously suppressed by relentless early-stage chip distribution selling pressure, unable to hold up for more than a few hours before being smashed through.
Peers in the same sector like $BICO, $BEAT, $ALLO, $KAITO, and $APR all precisely captured the active buying brought by the loose liquidity released in this market cycle. The rhythm was clear, but $SNDK didn’t benefit at all from the sector rotation dividends, completely detached from the entire sector’s upward momentum. Instead, it remains trapped in its own independent downtrend channel, steadily declining along the short-term moving averages. Currently, the market has not undergone multiple rounds of sufficient turnover, and the risk of blindly entering to bet on a reversal has already reached an extremely high level $BTC pushed toward $80K, while the bigger story unfolded in Washington. Within just a few days: • SEC proposed a new framework for crypto fundraising • CFTC moved toward a clearer digital-asset market structure • White House publicly backed crypto and pushed Congress on the CLARITY Act That combination matters. This looks less like another short-term headline pump and more like the U.S. moving from “regulate through enforcement” → “build clear rules for the industry.” If this direction continueETH data this week: Bitcoin had a net inflow of $1.9 billion in a single week, a historic-level inflow. Ethereum also surged with $697 million, marking the largest single-week inflow for $ETH since last October. Together, the two markets totaled $2.6 billion, with trading volume soaring from $6.9 billion directly to $22.1 billion, more than tripling. The key point is that last week there was still a net outflow of $390 million, so the turnaround in just one week was really fast and reversed the trend.
For the past half year, Ethereum has basically been a background player. Bitcoin ETFs have been pouring in hundreds of billions, while the volume for ETH ETFs is just a fraction of that. The market has started seriously pondering a painful question—are institutions no longer interested in ETH? But it's understandable why people think this way, since over the past six months, the ETH/BTC ratio has been heading south, dropping sharply.
However, this week ETH finally showed strength, with the exchange rate pulling back to 0.031 and the price breaking through 2300, rising 25% in a week. Hopefully, this momentum continues next week. BlackRock's ETHA alone saw $173 million in a single day, with a cumulative total of $12 billion; institutions really haven't been idle and have been quietly accumulating.
Honestly, the institutional strategy is very transparent: $BTC acts as the ballast, $ETH provides flexibility. Now that funds are shifting from risk aversion to expansion, the first step is to allocate ETH. If BTC's market dominance peaks and ETH's exchange rate stabilizes, the altcoin season might really be coming. This $697 million could very well be the first ray of light.
#ETH触及2500美元后震荡 #BTC冲高后震荡，ETF资金持续流入 BTC 跌完多头跌，这节奏像不像一场专门清理杠杆的局？ 你们有没有发现，这轮下杀最狠的不是方向，而是仓位？ BTC 从 79,000 附近快速砸到 76,500，24 小时全市场清算约 17 亿美元。前几天空头刚被逼完，今天轮到高杠杆多头被抬走。价格现在回到 77,200 附近，短线要看的不是能不能抄底，而是能不能先收复 78,000 这个失地。 ETH 被拖到 2,426 美元附近，日内清算约 2.93 亿美元，但跌下去之后的承接力明显比多数山寨强，现在已经弹回 2,430 附近。这说明什么？ETH 在这轮清洗里，反而像是资金更愿意接的那一个。 OKB 今天波动放大，盘中最高接近 120 美元，随后快速回落。连续上涨之后，获利盘开始兑现，110 美元附近成了多空拉锯的焦点。这种走势提醒我一件事：当一只币开始独立于大盘走强，它的回调也会更剧烈，因为里面全是浮盈。 闪迪周五收盘在 1.596 美元附近，最近开始把产品线往 NAS 和私有云存储延伸，市场现在看的已经不是单纯的 NAND 涨价逻辑了。QQQ 收在 713.44，涨 0.35%，美债收益率停止上行后，科技股暂时喘了口气。SK On August 23, capital inflow situation, leverage retreat at 11:30 AM, $BTC BTC mark price at $76,992, down 2.22%, open interest dropped to $8.185 billion and contracted by 1.4%.
The active buy-sell ratio is only 0.82, indicating active selling still dominates, but the funding rate remains +0.01%, with longs still paying to hold positions.
If open interest expands again and the active buy-sell ratio rises above 1, the current deleveraging judgment fails.
$BTC and $ETH ETH spot exchange-traded fund weekly inflow reached $2.6 billion, with trading volume tripling compared to before, marking the strongest week since October last year.
This is mid-term supporting capital, but the current price has not strengthened accordingly, indicating that fund inflows have not yet translated into contract chasing.
If next week sees net capital outflow, this supporting logic fails. The US Treasury's repurchase adjustment previously triggered a short squeeze, but now open interest is declining and active buying is weak, so the short squeeze momentum has clearly cooled.
Only if the price rises along with open interest recovery can it be considered a new round of leveraged capital entering; otherwise, it remains a turnover of existing positions. #ETH触及2500美元后震荡 Over the past week, a set of data from the stablecoin market is quite interesting: In the seven days ending August 20, Circle issued about 7.5 billion USDC and redeemed 6.7 billion, resulting in a net increase of approximately 800 million. This pushed the total circulation to a scale of $72.7 billion. In the current market phase, a nearly $1 billion net weekly increase is definitely not a small number. The signal it sends is much more honest than simply looking at the candlestick charts. Many people see stablecoin issuance and their first reaction is "new funds are entering the market to buy." This is true, but the structure must also be considered. First, the issuance volume of 7.5 billion and redemption volume of 6.7 billion means the liquidity in the pool is extremely active. Large funds are frequently switching between the crypto market and traditional finance. A net retention of 800 million in one week indicates that institutions or whales still generally prefer to convert cash into on-chain "dry powder." Secondly, the destination of this money matters. The ecosystems of USDC and USDT differ significantly. USDT is more active in the Asia-Pacific region and mainstream derivatives exchanges, while USDC firmly occupies the compliant US-backed DeFi, institutional lending, and Coinbase ecosystems. A net increase in USDC often means that compliant capital from Europe and the US, or high-risk/high-yield arbitrage funds on-chain, are becoming more active again. When looking at USDC data, one cannot ignore its $72.9 billion reserve portfolio. $48.1 billion is in overnight reverse repos, $12.7 billion in short-term government bonds within three months, plus $11.4 billion in systemically important institution deposits The first large-scale "long squeeze" in crypto history has been recorded.
On 8.19, short liquidations reached 2.739 billion, accounting for over 90% of total liquidations, marking the largest short liquidation in history.
Among the top 10 liquidation events, this is the only time shorts dominated—previously, it was always crashes triggering long liquidations.
After a prolonged range-bound period, short positions were overfilled; combined with policy and liquidity shocks, forced liquidations acted as an accelerator for buying.
This time, the Trump administration is not just talk—Clarity + CFTC are proactively embracing changes, signaling the start of structural shifts.
Squeeze fuel is limited; the follow-up depends on whether spot and ETFs can keep up. But if shorts want to keep shorting infinitely, the cost will be much higher.
For leveraged players, discipline is more important than faith. #BTC fluctuates after a surge, ETF funds continue to flow in #ETH fluctuates after reaching $2500 #US PMI exceeds expectations and strengthens, the market logic is quietly changing📊
US PMI data released, recorded at 56.0, the highest in four years since April 2022, with the services PMI reaching 56.8.
Economic resilience exceeds expectations, market expectations for a Fed rate cut cool down again, and the divergence over whether to restart rate hikes in September has further widened.
However, looking closely at the market, BTC is not directly influenced by a single economic data point. After surging above 77000 a few days ago, volatility intensified, with a 24-hour liquidation scale reaching $1.7 billion, indicating that the current market is driven by leveraged funds and market sentiment rather than a single macro indicator.
$ETH shows even more exaggerated elasticity, with a weekly increase close to 30%, temporarily outperforming BTC, currently hovering around $2420. After a rapid rise, profit-taking has accumulated, and the risk of a subsequent pullback should not be underestimated.
On the other hand, gold has stabilized above $4600. This round of price increase is no longer driven by traditional safe-haven logic but by market pricing of the US dollar's credit, US debt expansion, and long-term currency depreciation.
Macro data and market sentiment have already diverged.
Strong PMI data does not mean Bitcoin will immediately decline; continuous gold strength does not mean the crypto market will follow suit upward.
The more accelerated and heated the short-term market and sentiment, the less suitable it is to blindly chase highs.
What should be waited for now is a round of leverage clearing and sufficient chip turnover before judging the subsequent direction.
$BTC $ETH $XAUAfter the violent surges and crashes of mainstream coins like $BTC and $ETH, why is it surprisingly calm today?
This "sudden calm after violent surges and crashes" essentially represents a weak equilibrium state caused by the combined effects of extreme market conditions leading to leverage liquidation, emotional cooling, and a news vacuum — a few days ago, high leverage amplified the volatility to the extreme; now that leverage has been cleaned out, news has been digested, and both bulls and bears are exhausted, the market naturally enters a sideways consolidation phase.
1. Core reason: mass liquidation of high leverage, the market loses its volatility amplifier
This is the most direct cause. The violent surges and crashes over the past three days were essentially leverage cascade liquidations amplifying the market: during rises, short positions were liquidated, passively pushing prices up; during falls, long positions were liquidated, passively pushing prices down. The actual proportion of real buy and sell orders was relatively low.
After two rounds of simultaneous bull and bear liquidations, most high-leverage positions have been cleaned out: data shows that current 1-hour global liquidations are only about $1.7 million, vastly different from the peak single-hour scale of over $500 million. The total open interest in the market has also significantly declined. Without the "boosting/dropping" effect of leverage liquidations, the market returns to a real buy-sell battle, and volatility naturally narrows sharply, making it appear "calm."
2. News enters a vacuum period, bulls and bears find no reason to push
This round of market movement was triggered by dual catalysts: regulatory policies and macro liquidity; the decline was driven by sentiment reversal and profit-taking. At present, both sides' logics have been temporarily digested:
- Positive side: Trump's push for digital asset regulatory legislation and expectations of US debt repurchase liquidity have been fully priced in during the surge. Subsequent progress depends on the substantive Senate vote in September; before that, no new unexpected positive news is expected;
- Negative side: concerns about geopolitical risks and repeated rate cut expectations have been quickly released during the drop, with no signs of further escalation for now.
Without major news to break the balance, funds collectively enter a wait-and-see mode, neither daring to chase highs recklessly nor boldly short, so prices naturally remain stuck in a range.
3. Capital divergence: institutions pause aggressive moves, retail investors hesitate to enter
Simultaneous weakening of buy and sell orders is a direct sign of sideways movement:
- Institutional side: BTC spot ETFs, which previously saw continuous large inflows, have slowed their inflow pace after price surged and then pulled back, shifting from aggressive multi-hundred-million-dollar daily inflows to minor fluctuations. Institutions have switched from "bottom-fishing and adding positions" to "observing and verifying";
- Retail side: after the recent dual bull and bear liquidations, many leveraged funds chasing highs or bottom-fishing were wiped out. Survivors have become cautious and no longer dare to open high-leverage positions easily, causing trading enthusiasm to cool rapidly.
With no new incremental funds entering and existing funds not stirring, trading volume shrinks accordingly, and the market naturally calms down.
4. Technicals stuck in a balanced chip zone, restrained both above and below
Current prices are stuck in a very awkward position:
- Above, the $75,000–$79,000 range accumulates many long positions trapped from chasing highs; any rebound into this zone faces selling pressure to break even;
- Below, the $70,000–$72,000 range is a previous breakout platform and a psychological support level for bottom-fishing funds, where buying support emerges.
Neither bulls nor bears have enough strength to break through the other's defense at once, resulting in repeated tug-of-war in the middle range and narrow oscillation.
5. ETH and other mainstream coins: no independent logic, just following BTC lying flat
ETH and other mainstream coins have been following BTC's "rise and fall" throughout this round, lacking independent catalysts and behaving as beta assets. With BTC losing direction and entering sideways, mainstream coins naturally synchronize into oscillation; due to poorer liquidity and higher retail participation, their trading willingness declines faster during sideways phases, making them appear even more "calm" than BTC.
How to break the calm? Focus on 3 signals
This sideways phase won't last forever and will eventually choose a direction. The core observation points are three indicators:
1. Capital signal: whether BTC spot ETFs show renewed sustained large net inflows or continuous net outflows, directly reflecting institutional attitudes;
2. Volume signal: whether trading volume expands again, accompanied by price breaking key support/resistance levels; only a volume-backed breakout is a valid directional signal;
3. News signal: pre-events like the September regulatory bill vote and Federal Reserve interest rate decision will be the fuse for the next market move.
The current calm is not the end of the market but a halftime break after intense volatility. After leverage decreases, the market will shift from "emotional battles" back to "logical verification." Whether it continues upward or retests lows depends on whether fundamentals can keep pace.
Risk reminder: This article is only a market logic analysis and does not constitute any investment advice. Cryptocurrency markets are highly volatile; please assess risks rationally and make cautious decisions. The market drama continues, with holders paying a mental tax 🤯
This market is literally playing out like a drama series.
Previously, the ETH2273 short position was on the verge of forced liquidation, with a floating loss of 4300U causing sleepless nights.
Three hundred million from the ETF entered to firmly support 2400, forcing shorts out, but now anxiety about missing out has set in again.
Is the sideways movement a healing phase, or just a new way to keep tormenting people?
BTC surged to 79000 and entered a grinding mode, with continuous net inflows from ETFs, yet the price action has welded into a straight line.
The whales are snacking and watching the show, longs and shorts locked in a stalemate, just waiting for one side to concede first.
ETH2400 is a critical life-or-death threshold; holding it will trigger a second round of rally, losing it means free fall.
Be smart and stop stubbornly betting on one side; just pray not to get stuck in the middle being repeatedly crushed.
BTC volume is low, and altcoins are all paper tigers. The longer the sideways consolidation, the more violent the breakout will be.
Make the moves decisive! Every second of sideways trading, holders are paying an expensive mental tax.
(Contract trading is extremely risky and does not constitute investment advice)
$BTC
#ETH触及2500美元后震荡
#BTC冲高后震荡，ETF资金持续流入 Although there was a flash crash today, the overall volatility was still acceptable. Considering that weekends generally have low liquidity, and the price has risen more than 5% daily in the past two days, usually over the years, weekends are either quiet or experience big swings. Most of the time, they pass quietly. So I placed my dual-currency at $73,500, hoping the downside won't exceed 5.5%.
Indeed, if Bitcoin continues to rise, doing dual-currency will be a bit tiring. However, I still have some chips bought at $63,000 for bottom fishing. Should I start testing high selling from $80,000? I'm a bit conflicted now, and I'm also considering that some friends around me have cleared their spot positions. Should I hedge through options or futures?
My friends started clearing around $76,000. I plan to first see if it can break $80,000, which should be visible next week. If it can't break through in the short term, I might consider hedging my spot holdings. After all, I'm not very interested in selling $BTC, especially at this price. If I hedge, it would only be until before the midterm elections.
Speaking of the midterm elections, I have no hope for Trump and the Republican Party. Trump is messing with tariffs again before resolving the Hormuz issue. Inflation is already high due to rising oil prices. If the tariff war starts, the Republican Party really doesn't need to consider the 2028 election.
Regarding relations with Iran, I am beginning to lean towards "de-Americanization," meaning the new air route opened between Iran and Oman can be opened to countries other than the US and its allies. This could indeed help solve part of the high oil price problem, since the US really doesn't need the Strait of Hormuz. $SNDK has been consolidating and bottoming repeatedly in the $1570 to $1600 range after falling back from $1828. This area is the first structural support zone after the previous sharp drop, determining the pace of short-term profit-taking digestion. If it can hold steady in this range and recover above $1650 with volume, the upside potential may reopen toward $1800. Once the key support at $1570 is effectively broken, the structure will weaken further and slide toward the $1500 level.
#BTC冲高后震荡，ETF资金持续流入 #特朗普披露千笔证券交易，透明度受关注XRP surged 70% in a week, three major underlying reasons
$XRP's recent surge, reaching 1.7, is no longer driven solely by sentiment. Here are the deeper fundamental reasons:
1. Regulatory policy expectations heat up
The market is speculating on the advancement of the US CLARITY Act, which is expected to legally solidify XRP's status as a digital commodity in the secondary market. Expectations for a spot ETF are rising, significantly reducing institutional risk concerns and bringing in allocation buying.
2. Macro liquidity + contract short squeeze
The US Treasury expanded Treasury repurchase operations, boosting market risk appetite. The overall market short squeeze drives high Beta altcoins. XRP shorts are heavily liquidated, with weekly contract liquidations exceeding $1.5 billion, and forced buybacks further push up the price.
3. Whale chip concentration + sector rotation
Whales have cumulatively increased holdings by 300 million XRP over four days, with exchange inventories continuously declining. After BTC and ETH surged, existing funds rotated into previously stagnant large-cap altcoins, with XRP becoming the main target of capital.
This article is only a market review and does not constitute any investment advice. $BTC $ETH $TRUMP #ETH触及2500美元后震荡 August 23, 2026｜BTC holds at 77,000, ETH catches up then hits the brakes, is no one paying attention to the US stock market anymore?
This morning $BTC reported at $77,249, down 0.77% in 24 hours; $ETH reported at $2,430, down 3.58%. BTC and ETH have no significant pullback, I believe they have started to stabilize: BTC rose nearly 20% in a week, the US spot BTC ETF has had net inflows of about $1.92 billion over 5 consecutive trading days, funds have not clearly withdrawn, but divergence appears around the $80,000 mark.
The US stock market rebounded on the last trading day, the Dow rose 0.98%, the S&P and Nasdaq both rose about 0.43%, Coinbase and Robinhood surged 8.2% and 13.7% respectively; but all three major indices still closed down on the weekly chart. The 30-year US Treasury yield stayed at 5.276%, Brent crude oil is near $94, fiscal pressure and energy inflation have not eased. The market is simultaneously buying BTC and gold while suppressing the dollar, the trade is still on the theme of “dilution of dollar purchasing power.” The US stock market rose by a few points, funds have clearly shifted to the crypto sector!
Over the weekend, I’ll watch BTC at $76,500 and ETH at $2,390. If they hold, the weekend looks more like high-level rotation; if they continue to break down with increased volume, it indicates that momentum chasing funds are concentrating on exiting.
Do you think BTC will break above 80,000 soon or will it break below 75,000 and trigger a short squeeze?SOLANA’S MONEY RULE CHANGE IS MORE IMPORTANT — AND SCARIER — THAN IT LOOKS.
Here’s the problem: people naturally vote based on what hurts right now.
See a problem today → vote to fix it today.
But what about the problems that decision creates tomorrow?
Jupiter DAO is a great example of why governance needs to think beyond the immediate issue.
Ethereum is stuck between two competing goals:
⚙️ Be the world computer
💰 Make ETH more valuable
Those goals can clash.
#DailyOrbit Yesterday (August 22), the crypto market experienced a flash crash, leaving many people stunned.
The daytime rally approached 80,000, but at night it plunged sharply.
Bitcoin consecutively broke through 78,000 and 77,000, briefly falling below 77,000 USD; Ethereum lost the 2,400 USD level; Solana plunged about 11.5% intraday; XRP was the worst hit, crashing 37% in minutes, down about 0.6 USD.
The liquidation data was alarming: a peak of 523 million USD liquidated across the network in one hour (long positions 448 million USD); within 24 hours, 286,130 people were forcibly liquidated, with total network liquidations exceeding 1.801 billion USD;
The largest single liquidation was 24.96 million USD on Hyperliquid BTC-USD;
About 500 million USD of long XRP positions were liquidated within minutes. The cause was not a black swan event but a leverage collapse.
1. The prior short squeeze was too intense, turning long leverage into a powder keg. From August 19 to 21, the market experienced nearly 3 billion USD nominal value short squeeze, pushing Bitcoin from 64,000 to above 77,000, a 20% rise in three days. The violent surge attracted a large amount of high-leverage chasing capital.
2. Chain liquidation of long positions at high levels. When technical resistance was hit and a preliminary pullback occurred, crowded long positions quickly fell below maintenance margin, triggering automatic liquidations. Market sell orders then broke through other defenses, causing a chain reaction of long liquidations, an avalanche within minutes.
3. Weekend liquidity drought amplified the flash crash. On Saturday, August 22, the order book was thin, and large sell orders easily penetrated buy orders, causing the flash crash.
4. No macro negative news, purely structural deleveraging. No Federal Reserve statements, hacks, or regulatory shocks—just an overly rapid rise, excessive leverage, and crowded positions that self-exploded. Analyst CW bluntly stated: during the decline, short positions did not increase but decreased; it was simply retail high-leverage longs being liquidated. Even in a bull market, such a scale of decline is inevitable.
Disagreements remain:
Some traders suspect manipulation (the timing of XRP’s flash crash coincided with a 37% drop after a 60% weekly rise); others believe it was necessary deleveraging, squeezing bubbles for a healthier bull market.
There was a precedent the day before (August 20): 2.98 billion USD liquidated network-wide, 174,764 people liquidated, the eighth largest in history. Every bull market correction is a lesson for leveraged traders. btc has started to adjust. Has 79000 peaked?
Brothers, this round of gains lasted three days and the daily chart has started to turn bearish.
There was a very similar pattern in the summer of 2024:
btc hovered around 60000, then in June 2024 it oscillated near 78000, but in early July it dropped to a low of 48000.
We all know the rest of the story: btc broke through 67000, and the Fed's first cycle rate cut pushed btc up to 100000 USD within two months.
We can't judge the current market by past trends, but we all know the market never moves straight up; it always tests each range repeatedly.
Today btc started to adjust. I think 90000 is definitely achievable, but maybe not right now.
btc needs time to adjust and requires a suitable positive catalyst, combined with ETF capital inflows and the Fed's September meeting.
Could the 2024 script be replaying? Let's first see how far this rally can go. #BTC冲高后震荡，ETF资金持续流入 $BTC $ETH $TRUMP Discussing the impact of the US debt crisis on the crypto space, let's first pour cold water on this: the default assumption that "debt crisis = Bitcoin surge" is not supported by historical data.
When a liquidity crisis actually breaks out, $BTC's first reaction is to crash along with everything else. In March 2020, it dropped as much as -55.6%, and in the 2022 rate hike year, it fell as much as -61.9%. The mechanism is straightforward: at the early stage of a crisis, everyone sells everything to convert to cash to cover margin calls, and since $BTC has the best liquidity and can be liquidated 24/7, it is actually sold off first — at that time, it is not a safe haven asset but an ATM.
Let's break it down into three phases. Worry phase: just concerns without actual crisis, safe-haven demand pushes hard assets up together, like now, gold up 13% in 30 days, $BTC up 20%. Outbreak phase: when the crisis really hits, liquidity is squeezed, and everything falls. Easing phase: central banks are forced to backstop, and the hard asset narrative is realized.
In short: the crisis itself is not bullish; the bailout is. What’s rising now is worry, not crisis.
Watch for one signal: the day $BTC and gold fall together and their correlation with US stocks spikes, that means we’ve entered the second phase.#财报观察员：泡泡玛特增长换挡，多IP能否接力？
A financial report, with broker opinions divided. Bulls: Morgan Stanley lowered the target price to 214 but still "overweight," reasoning that China remains the profit engine; Jefferies cut to 146 but still far above the current price (Sina Finance). Lowering the target price without turning bearish indicates the fundamentals still have support, just that the valuation midpoint has shifted down.
Bears: China Merchants Securities cut profit forecasts by 25% and gave a "sell" rating at HKD 121; Deutsche Bank warned early that the IP cycle has peaked (Hong Kong Commercial Daily). The two camps argue over "whether growth can continue" and whether the cooling overseas will drag down overall valuation and profit expectations.
The average target price from 20 institutions is HKD 168.64 (high 229, low 115), currently 149 below the average, consensus leans toward "recovery" rather than "collapse." Institutions are lowering targets but not panicking; this divergence is more credible than unanimous bullishness and also means the stock price is unlikely to surge or plunge sharply in the short term, suitable for observation rather than betting.
For retail investors, broker target prices are for reference only; the key is to calculate valuation yourself. A 13x PE, 20-institution average of 168, and industrial capital increasing holdings—these combined indicate the current position is closer to the bottom range rather than the top. But bottom does not mean immediate reversal; consensus recovery requires time and data validation. Don’t be led by a single research report, nor treat institutional divergence as noise; divergence itself means the odds are neutral.
$POPMART Samsung Shareholder Returns Implemented | Storage Cycle Signal Interpretation (August 23)
Event Core
Samsung's board has officially implemented the 2026 shareholder return plan, with a total scale of 90-110 trillion KRW, approximately $72 billion, setting a new record in South Korean corporate history and reaching five times the scale of the previous peak. In Q3, a priority cash dividend of 30 trillion KRW will be distributed, accompanied by a 15 trillion KRW employee stock buyback. The company is fulfilling its three-year commitment to use 50% of free cash flow for shareholder dividends and buybacks. This is combined with SK Hynix's 40 trillion KRW buyback and SanDisk's excess cash returned to shareholders.
Industry Logic
1. Actively controlling the pace of capacity expansion. After benefiting from the AI-HBM dividend, the storage giant has not reinvested all profits into new capacity but chooses to return cash to shareholders to alleviate future oversupply pressure, indirectly confirming the company's judgment that AI storage high demand has mid-term sustainability.
2. Reshaping sector valuation logic. The storage industry has experienced past cycles of sharp rises and falls, with weak long-term institutional holding willingness; normalized large-scale shareholder returns can smooth out cycle fluctuations and attract long-term capital to the semiconductor sector.
3. Potential risks: Dividends and buybacks do not guarantee a one-sided upward market; if downstream cloud vendors weaken procurement or capacity is released in concentration, the shareholder return plan may be adjusted.
Impact on Tokens in the Encrypted Storage Sector
The storage sector's positive factors have been partially priced in; crypto-related tokens only show sentiment linkage and do not have direct business benefits.
This article is only a market review and does not constitute any investment advice. $BTC $ETH BITCOIN IS FALLING — BUT THE REAL STORY MAY BE IN THE BOND MARKET
$BTC has pulled back from a recent high near $79.5K to around $76.8K. Looking at the chart, many would assume it’s simply profit-taking after a strong rally. But there may be another force at work: when U.S. Treasury yields rise, capital often rotates out of risk assets and toward safer returns.
Hidden signal: BTC may not be weakening because of crypto itself — but because macro liquidity is tightening.