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$ETH perpetual 100x short position, opened at 2698.2, now at 2578.98, floating profit +441.85%.
The logic is very simple: repeated failed attempts to rally near 2698.2, every rebound is quickly crushed, the upper shadows are getting longer, and buying pressure is clearly exhausted. Once volume breaks below 2650, confirm on the right side, then enter short. 100x leverage, stop loss at 2750. The decline is very smooth, no chance for a rebound.
Now moving the stop loss to 2650 to lock in profits. If volume breaks below 2500, can hold a bit longer. $BTC $ZEC #9月FOMC会议纪要公布在即，是否继续加息？ 🔥 $ETH Right now, everyone's focus should be on 2587! This is not just an ordinary low point, but a key defense level just hammered out by a sharp drop. ETH dropped from 2724 straight down to 2587, with $137 disappearing instantly, pushing market panic to the max.
📉 But if you only see today's 3.35% drop, it's easy to get scared. Stretch the timeframe: 7-day drop is 2.67%, 30-day still up 5.71%, and 90-day up 50.11%. The long-term gains are still there, so a short-term crash and a complete trend reversal are two totally different things.
💵 More importantly, the funds below haven't fully withdrawn. Order book data shows buy orders at 342.43K, sell orders only 64.37K, with buyers clearly dominating. This means when the price drops, there are funds willing to catch at the lows.
🎯 Next, it depends on whether 2587 can become a true bottom. If it holds and 2610 stabilizes above, a quick recovery might follow; if it breaks below 2587 again with volume expanding, bears could open up more downside.
🧠 So don't rush to chase longs, and don't panic sell near the bottom. Waiting for the market to give the answer is far more important than guessing the bottom. Which side are you on? Holding 2587 to see a rebound, or breaking below to stay bearish? #9月FOMC会议纪要公布在即，是否继续加息？ #BTC巨鲸抛压减弱，ETF资金连续三周净流入 This evening, $ETH directly dropped to 2563, failing to hold the 2590 level mentioned at noon. Looking back at the data, the drop is justified.
The US spot ETH ETF has seen net outflows for 6 consecutive days, with $202 million withdrawn on Tuesday alone, all sold by BlackRock's ETHA, marking the largest single-day outflow since mid-September. On the same day, BTC ETFs actually saw an inflow of $119 million, with funds shifting towards BTC.
On OKX, ETH spot trading volume from 8 AM until now reached $345 million, compared to only $274 million for the entire previous day, indicating a volume-driven decline. In the 6 PM hour, contracts saw $255 million in active selling and $195 million in active buying, with funding rates turning negative.
I'm holding off for now: if 2563 breaks again, I'll keep waiting; only if it rebounds above 2610 will I reconsider. $BTC has also dropped to 83,800.
$BTC $ETH #ETH #Ethereum #DataAnalysis #ETF #Volume #RiskWarning
This is not investment advice; don't rush to buy on the dip, keep some position flexibility. 🔥 $ETH The most interesting part is here: the price is in panic, but someone is crazily buying on the order book! It dropped from 2724 to 2587, evaporating $137 in one hour, leaving momentum buyers stunned, and many leveraged positions are probably forced to exit.
⚡ But don't just focus on the drop. ETH fell 3.35% today, down 2.67% over 7 days, yet it still rose 5.71% over 30 days and maintained a 50.11% gain over 90 days. This short-term drop is indeed harsh, but in a larger timeframe, it is still a sharp pullback after an uptrend.
💰 What’s truly intriguing is the order data: buy orders below total 342.43K, sell orders 64.37K, with buying power clearly outweighing selling. In other words, panic sellers are offloading, while the other side is waiting to catch.
🎯 2587 is currently the most important observation point. If it holds, and support forms around 2610, a recovery rally may follow; if 2587 is broken with volume, it means the support below is not as strong as imagined, and short-term defense must continue.
🧲 The market never has everyone making money together; some panic sell, others calmly buy. Now the question is: who do you think is selling this time, and who is buying? #9月FOMC会议纪要公布在即，是否继续加息？ #BTC巨鲸抛压减弱，ETF资金连续三周净流入 "Sleepless Tonight: The Fed and the Unlock Wave, Who Will Flip the Table First?"
Don't just focus on Bitcoin tonight; the cards are all under the table.
① Fed Minutes: The "blind box" at 2 AM. The market has priced in easing, but the biggest fear is expecting dovish tones and instead getting hawkish cold water. Inflation remains stubborn, rate cuts are hesitant, so the market must shake first.
② $HYPE Unlock: $339 million worth of chips landing. 3.75 million tokens dropping; if the price doesn't fall but stabilizes, it means strong support, and the negative news is fully priced in, turning into a touchstone; if it crashes directly, don't catch the fall.
③ $ETH Upgrade: Glamsterdam has activated on Sepolia, ETH is hovering at the 2700 threshold, waiting for narrative ignition. But stories can't be collateral; whether it breaks through depends on capital flow.
④ Altcoin Unlock Wave: When the market is sideways, altcoins diverge first. Those with capital support soar, those without fall. Don't blindly buy; see clearly who is supporting the market.
Candlestick charts can lie, but positions don't. Being alive means having a voice.
#本周美联储将公布9月会议纪要 #OKXNOW：开启全天候市场新时代 #BTC巨鲸抛压减弱，ETF资金连续三周净流入 🌪️ A strong cold front numbered 1099-DA is pressing in from the Washington direction, with October 15 as its landing window. All U.S. individual investors who have filed for the 2025 tax year will face its direct impact on this day.
From a meteorological monitoring perspective, this is not an ordinary monsoon rainfall but a systemic frontal passage covering all U.S. tax reporting zones. Digital asset brokers are required to report total gains, meaning the moisture in the clouds—that is, every on-chain sale, every crypto-to-crypto exchange, every payment made with cryptocurrency, and income like staking rewards—will be captured one by one by the weather radar, recorded in sounding logs, and can no longer hide in low-altitude turbulence as in previous years.
In past years at this time, many relied on the relatively dry "tax haven" areas to avoid precipitation. But this year is different. Form 1099-DA is equivalent to equipping cross-border cloud clusters with full-basin monitoring stations, significantly increasing visibility into fund flows. The storm's intensity itself may not be fatal; the real risk lies in the sudden increase in pressure gradients—compliance costs and psychological expectations will create short-term strong convection near the filing deadline, with pressure release often concentrated in the last 72 hours, what we commonly call "warming before the front followed by a sudden cooling."
Looking at the Senate's ADAPT bill still in the legislative process, its status resembles an unnamed tropical cyclone embryo. Tax rules for stablecoins and staking may be rewritten, but the circulation structure is not yet closed, and path forecasts remain highly uncertain. Once the embryo is named and makes landfall, it will reshape the entire digital asset tax regime's wind field, but before that, any judgment on its strength is only probabilistic forecasting, not real-time observation.
$xEWY, a U.S. stock token, is located at the convergence zone of two airflows: one is the seasonal trade winds of the traditional stock market, and the other is the convective cloud cluster of the crypto market. Under the linkage effect, short-term volatility will be amplified, and the gap between the pressure trough and peak of trading volume will be more intense. Current market sentiment indicators resemble a still-beating barometer, with fluctuating readings indicating unstable atmospheric stratification; even a slight disturbance could trigger localized strong convective weather.
For forecasters, what can be done is never to disperse the storm but to set up observation stations well, run models accurately, and mark the time window clearly. Before October 15, the tax cloud system will continue to thicken; the Senate bill embryo's path is unclear; on-chain funds are waiting for a clearer pressure field. On the barometer, the short-term probability of precipitation is rising, while whether it clears in the mid-term depends on whether the legislative circulation can close smoothly.
Now, the echo on the Doppler radar is still advancing toward the tax reporting zone, and the central pressure is dropping. #uscryptotaxfilingoct15$ETH Brothers, do you think ETH has bottomed out now and it's time to buy the dip?
Here's my daily analysis first.
The MetaMask security incident caused over 520,000 ETH to queue for exit from the validator set. Although Ethereum has an outflow limit, releasing only a portion daily, so the selling pressure is spread over time, emotionally this is like a hanging sword. When the market sees "hundreds of thousands of ETH about to unlock," the first reaction is fear of a dump, so who dares to push the price up?
ETH spot ETFs have seen continuous net outflows, institutions are withdrawing. Without real money supporting the bottom, any rebound is fake. Moreover, funds are clearly flowing to $BTC and AI computing power chains, leaving ETH neglected, so the chance of it strengthening independently is very low.
What do these two signals combined indicate? They show ETH is currently under emotional pressure and losing capital. In this situation, what you think is a rebound might just be an oversold correction. Don't rush to chase the dip; a slow decline is the most exhausting. If you think it's bottomed, it can still drop another level. Entering now is not buying the dip, it's catching a flying knife.
If you really want to act, wait for signals: ETF turning to net inflow, exit queue starting to decline, price volume breaking back above key levels. See at least two of these conditions before considering.
As I said before, don't bet on the bottom during a downtrend. You only have one principal, save it for a certain opportunity. #9月FOMC会议纪要公布在即，是否继续加息？ #BTC巨鲸抛压减弱，ETF资金连续三周净流入 ZEC Insights: What a 25% Drawdown Taught Me
ZEC dropped from 1698 on September 27 to 1271 on October 3, a 25% decline in 10 days. Today, another 4H bearish candle pushed the price back down to 1305, just a step away from the previous low. Here are some insights.
First, altcoins drop very differently from BTC. BTC needs huge negative news to drop 25%, but ZEC only needs 10 days. Altcoins don’t "slowly decline"; their drops are sharp, and after the sharp drop, it’s not a V-shaped rebound but a slow decline with oscillations. So when trading altcoins, directional judgment is less important; position and sizing are the lifelines—what BTC can endure in drawdown, ZEC can blow up on.
Second, consolidation zones are the most deceptive. On October 6, ZEC traded sideways between 1315-1385 for six 4H candles, with higher lows, looking like it was stabilizing. But today, one bearish candle wiped out the gains from 1367 down to 1300. I’ve seen too many people try to bottom-fish in such "sideways" moves, thinking "it can’t fall further." But sideways is not stabilization; it’s just the bears resting. True stabilization requires either a quick recovery after breaking the previous low or a volume-backed break above the upper range. Until then, all "looks like stabilization" is just an illusion.
Third, this current level is the most torturous. At 1305, the previous low of 1271 is right below. Shorting here is risky because it’s too close to the previous low, making the risk/reward ratio unattractive; bottom-fishing is dangerous because a break means a deep abyss. My experience at such levels is: don’t trade. Let it choose its direction. If it breaks 1271 and can’t recover, the bears are confirmed; wait for a rebound to consider. If it holds 1271 and breaks above 1330, the bulls catch a breather, but it’s just a breather.
In summary: trade altcoins only in two ways—follow-through after a confirmed breakout or reversals at extreme levels. The sideways consolidation in between is a meat grinder, designed to shred "what I think."The simultaneous pullback of long positions in two small altcoins is a true reflection of the recent altcoin market.
SNDK 4x full-position long is at an unrealized loss of 3435U, with a pullback close to 28%; HYPE has a larger position, with an unrealized loss of 27038U, a pullback of 17.11%.
Compared to BTC's major trend, altcoins exhibit more extreme volatility. Even with moderate leverage, in a full-position mode, if the market continues to weaken, the pressure will keep increasing. #9月FOMC会议纪要公布在即，是否继续加息？
$BTC $ETH $SOL
Bitcoin is oscillating repeatedly near $83,800, with the $85,000 level becoming the key battleground for short-term bulls and bears. The price briefly broke above $85,000 earlier but failed to hold, then quickly retreated, indicating that selling pressure above remains significant. The range from $83,800 to $85,000, only about $1,200 or 1.4%, is enough to determine short-term strength or weakness—if it cannot retake this level, the weak consolidation pattern will be hard to reverse.
Ethereum’s trend is even weaker, with $2,600 facing a direct test. In contrast, ZEC is temporarily supported near $1,300, but its volatility is inherently high; resilience does not imply a trend reversal and should not be overinterpreted.
Profit-taking from the previous rally has not been fully digested. Once key support is lost, take-profit orders and forced liquidations may combine to increase selling pressure and accelerate the decline. The current focus should be on $83,000: holding this level means weak consolidation continues; breaking below opens further short-term correction space.
On the news front, whale selling pressure has eased, ETF funds have seen net inflows for three consecutive weeks, institutions like Strategy continue to increase holdings, and Winklevoss’s firm has also submitted a ZEC spot ETF application. Medium- to long-term capital conditions are relatively favorable, but short-term trends still depend on the battle between $83,000 and $85,000. Until BTC effectively holds above $85,000, a short-term bearish bias remains advisable. Coinglass just released this stats: BTC liquidations in the past 24 hours hit $141 million, with 6,912 accounts wiped out. Compared to the same metric yesterday, it surged 165.29%.
BTC is the powder keg of the contract market; any slight fluctuation gets amplified by leverage into a chain of forced liquidations—both long and short positions get swept out, whoever maxes out leverage gets eliminated first. So this isn’t a victory for any faction but a reshuffling of the entire betting table: when sentiment flips, high-leverage positions are the first chips to be taken away.
What you really need to watch is that this growth rate is still climbing. It’s getting fiercer day by day, indicating market volatility hasn’t stopped, and more people will be targeted next.$BTC reached near 84000, following my original plan, preparing to buy the big coin on dips.
This morning's sharp drop looked sudden, but it actually had signs earlier.
The high-level sideways consolidation failed to break through for a long time, and the longer it stays, the more likely it is to fall.
The essence is that the volume couldn't keep up, liquidity was weak, making it easy to trigger a rapid sell-off.
This is also why I didn't rush to go long in the past few days and patiently waited for the opportunity.
Looking at $ETH again, this drop was quite fierce, directly breaking through 2600.
This plunge caused a large number of high-level long positions to be liquidated brutally. #9月FOMC会议纪要公布在即，是否继续加息？
The Fed minutes will be released at 2 a.m.
The market is already moving in advance, with funds rushing to price in expectations.
Next, focus on the signals released by the minutes, and make sure to keep enough safety margin in your positions. $ZEC $BTC
I am still bearish right now, and I don't think the bottom is near 83,000 yet.
The trend over the past two days is very clear.
It surged up to 86,856, then got slammed down, around 85,500 it was pushed straight below 84,000.
This afternoon it rebounded to 84,500 but was pressed down again, just now the lowest point reached 83,355.
This is not a strong correction; the bulls can't hold on.
Right now, I'm watching two levels:
84,200–84,600, this is the short zone I most want to wait for.
If it rebounds here but can't hold, I will continue to be bearish, first targeting 83,355, and if that breaks, then 83,000–82,800.
Above that, 85,500–86,000 is even more critical. If this level can't be reclaimed, I won't easily change my view.
But I also won't chase shorts above 83,000; the drop is too sharp, and a rebound could come at any time.
So my strategy is simple:
Bearish, wait for a rebound to short, don't chase at lows.
If Bitcoin can really volume-wise hold back above 84,600, I'll reassess.
Now you want me to bottom-fish? I won't.$BNB Damn it! BNB really made me sick this time. How long did it stubbornly hold at the 767 level? The volume keeps shrinking, and the bulls can't even make a sound. The data doesn't lie; funding rates are almost turning negative. The manipulators are clearly trying to shake out and harvest!
Don't ask, just go all in short. Enter directly at 767.3, set stop loss above 775, no break no exit. This pure funding game has no fundamentals at all, just manipulators calling each other idiots, what can the retail investors do to hold on?
If you want to follow, check the market card below, don't ask me later why I didn't warn you. 🔥🚀💎🙌
The above is only my personal opinion and does not constitute investment advice. Cryptocurrency is highly volatile, please invest rationally, manage risks well, and do not blindly follow others.
👇👇👇ETH's spike to 2725 yesterday, no one dares to follow today.
Yesterday's low was 2680, the high touched 2725 but didn't break through, closing at 2702. Today opened at 2702, the high was 2707, the low 2563, current price around 2581. Volume increased, but the price is dropping.
Resistance remains between 2707–2725. If it breaks below 2563, it’s likely to test the 2500 area first.
In the short term, watch if 2702 can hold. It’s already failing to hold, so treat this as a pullback after a rally, don’t chase the current price. For those already holding, watch if 2563 can support; if it can’t, consider reducing your position. $ETH #BTC whale selling pressure weakens, ETF funds have net inflows for three consecutive weeks
$BTC is now around 83.8K, the price is still consolidating, but the chip situation is a bit more comfortable than before.
The US spot BTC ETF had a net inflow of about $241 million last week, marking three consecutive weeks of inflows; meanwhile, the pressure from large holders continuously selling also shows signs of easing. It should be noted that last week's ETF inflow was nearly 90% less than the previous week, so the funds are not yet at a particularly enthusiastic level.
I will first watch if 83K can hold.
If it holds and climbs back above 84.5K–85K, we can continue to look at 86.5K–87K; if it breaks below 82.5K, the short-term target is around 81K.
With the current market, slowly consolidating is actually quite good, just hope there won't be a sudden big bearish candle 😂BTC's spike to 86693 yesterday, no one dares to follow today.
Yesterday's low was 84979, the high touched 86693 but didn't break through, closing at 85722. Today opened at 85722, the high was 85857, the low 83423, current price around 83749. Volume is about the same, but the price is moving down.
The range 85857–86693 above remains resistance. If 83423 below breaks again, it's easy to see the area around 82902 first.
In the short term, watch if 85722 can hold. It already can't hold now, so treat it as a pullback after a rally, don't chase at this price. For those already holding, watch if 83423 can support; if it can't, consider reducing your position. $BTC The door of Wall Street was pried open by a dog paddle
Just released data: The Dogecoin ETF on the US stock market has absorbed $3.5 million in three weeks, with the fund size rising from $12 million to $16.2 million, growing by one-third in three weeks. During the same period, $DOGE bounced nearly 20% from its September low.
Last night, I was buying oden at the convenience store downstairs, and while standing there scrolling, I saw this news and forgot to pick up the radish. The soup cooled before I came back to my senses.
I know some will say, what’s $3.5 million? It’s not even enough to fill a gap between teeth. I’ve doubted it myself. But think about it from another angle: three years ago, who would have imagined a coin with a dog head as its logo could make it onto the shelves of a legitimate US ETF? Back then, it was just a meme in forums, an emoji for group chat battles.
And now? It has become a fund product, with a ticker, a net asset value, and Wall Street institutions scrutinizing its on-chain data with magnifying glasses.
Once the door cracks open, the wind will keep blowing in. This dog hasn’t run away; it just changed its posture and is now sitting at a more respectable doorstep. #9月FOMC会议纪要公布在即，是否继续加息？ Good evening, brothers
Today's market is simply an indiscriminate massacre. BTC led the plunge, falling below 84,000, and mainstream coins like ETH, SOL, and ZEC followed with collective heavy declines, generally starting from 3%-4%. No sector is spared; everything is in the red.
This is a typical double whammy of macro negative news plus leverage liquidation. Originally hoping that bad news would force a rate cut, but the market crashed first as a salute. High-leverage longs were wiped out in one wave, and a chain of liquidations drained all liquidity.
The current market situation is: as long as you open a contract, you are working for the exchange. Don't try to guess the bottom; under this waterfall, all hands catching the falling knives.
- BTC: First support at 82,400 (SAR trend defense level), strong support at 79,600
- ETH: First support at 2,550 (short-term moving average dense area), strong support at 2,480
- ZEC: First support at 1,290 (24-hour low + buy-side support area), strong support at 1,250
Trading advice
Don't hold positions: current volatility is extremely high, stop-loss must be set properly, don't bet on an "immediate rebound."
Don't chase shorts: after a waterfall drop, oversold rebounds are common, chasing shorts can easily get reversed.
Wait for stabilization: wait for the price to stand above the support level with volume confirmation before considering entry. $BTC $ETH $ZEC ZEC Battlefield: Bears Gather, Bulls Count Money
The ZEC market looks like a besieged city. Outside the city, bears are gathering more and more, while inside, bulls calmly do the math. A whale adds more short positions, about 15,000 ZEC, nominally nearly $19.84 million, opened at 1340.9, with unrealized profit of about 50,000 — not much meat, just taking position first.
Among the top five positions, four are shorts and one is long, all shorts have unrealized profits. But looking at the overall ledger: bulls earn about 70 million, bears lose about 6 million. Bears pick up small change, bulls collect monthly rent.
The upper short wall is getting thicker and thicker. For ZEC to ignite again, first see if 1700 can hold. If bears don’t burst, the rebound is weak; only when bears burst, it’s a real main rise.
The macro environment is also unsettled: the Federal Reserve meeting minutes are pending release, the Strait of Hormuz remains closed, and OPEC+ maintains November production unchanged. The wind is strong, don’t rush to get ahead.
$BTC $ETH $ZEC
#本周美联储将公布9月会议纪要
#OKXNOW：开启全天候市场新时代
#BTC巨鲸抛压减弱，ETF资金连续三周净流入 This round of CFTC rulemaking begins to address a specific issue: under what conditions crypto exchanges operate.
Chairman Selig proposed Regulation CTX and Regulation CAM in an official article on October 5, planning to set requirements for crypto trading platforms that choose to accept CFTC oversight. He also made the authority very clear: without Congressional legislation, the agency has no power to require all crypto assets to be traded on its registered platforms. What is being advanced now is an optional federal regulatory path.
Among them, allowing retail customers to use margin, leverage, or financing trades on compliant platforms will have practical impacts on product design. What tools U.S. users want to use and what services platforms can provide finally have a chance to be connected through clearly stated rules. I think what the industry lacks most is this kind of operability, so companies can calculate compliance costs and dare to invest in long-term business.
I also hope the discussion does not stop at "regulatory benefits." How platforms segregate customer assets, handle conflicts of interest, and how accountability is pursued when problems arise directly affect users' money. Allowing leveraged trading especially requires these aspects to be clearly explained; licenses will not eliminate trading losses for anyone.
This is still a rulemaking process and should not be treated as a final system already in effect. I am optimistic about the directional changes, but what really deserves careful reading are the provisions in subsequent documents that determine how platforms operate daily.
#美CFTC启动首轮加密市场规则制定 🔷 $ADA : golden cross, but DEX -75%
• October 1: golden cross (50-day > 200-day)
• Momentum: 68.7
• RealFi mainnet launch
• USDr integration in Lace, Liqwid, SundaeSwap
• But DEX volume: $12M → $3M (4x drop)
• On-chain trading activity significantly lower
• Price and volume divergence
🧠 Golden cross = strong bullish signal. But DEX volume dropped 4 times. Price increase is not supported by real activity. Technical optimism vs weak fundamentals
❓ Will volume confirm the growth?👇🔥 $ETH once again gives the market a forced lesson: no one fears when it rises, but everyone shouts bear market when it falls! From 2724 to 2587, $137 evaporated instantly, panic sentiment exploded, and chasing high funds started frantic stop-loss.
📉 But trading can't just focus on the most glaring candlestick. Today's 3.35% drop is indeed painful, but the 7-day retracement is only 2.67%, 30-day still up 5.71%, and the 90-day cumulative increase even reached 50.11%. If the long-term cycle had truly broken down, these data wouldn't just disappear because of a one-hour plunge.
💰 More importantly, the order book below shows buy orders at 342.43K versus sell orders at 64.37K, clearly stronger support. If some in the market are cutting losses, there must be others absorbing the chips. What really matters is whether these buy orders can hold 2587 as a short-term bottom.
🎯 Currently, ETH is back near 2610. If 2587 remains valid, a rebound later is not surprising; but if it breaks down again with volume, then it can no longer be simply explained as a "shakeout."
🧠 So don't let a single bearish candle make decisions for you. Control risk on leveraged positions if needed, but if your trading logic hasn't been invalidated by stop-loss levels, there's no need to be driven by market sentiment.
Do you see 2587 as an opportunity or the starting point of the next downturn? #9月FOMC会议纪要公布在即，是否继续加息？ #BTC巨鲸抛压减弱，ETF资金连续三周净流入 On the eve of the minutes, the crypto market remains on hold
The September FOMC minutes will be released tonight, with the suspense over whether to continue raising interest rates becoming the only short-term guide. After the September rate hike, BTC attempted to break 87,000 three times but was pushed back each time; nonfarm payrolls increased by only 29,000, which lowered the odds of a rate hike in October from about 50% to 20%, yet $BTC did not break out accordingly and instead consolidated with low volume around 86,000. The reason is simple: the minutes have not been released, so funds are reluctant to take heavy positions. Weekend liquidation was only $62.7 million, with 68% of positions empty, more like waiting and watching rather than betting.
$ETH is weaker. The 2,700 level was lost, current price is about 2,697, recently fluctuating repeatedly in the 2,800 range; ETH/BTC continues to decline, ETF funds are also flowing out, showing a clear preference for BTC.
QCP believes the minutes are a key catalyst, with the core issue being whether the "hawkish disagreement" is truly tough or a compromise. If there is internal consensus to pause rate hikes, short-term pressure on BTC and ETH will ease, and BTC is expected to test 87,200; if the minutes emphasize that inflation remains the main theme and the weakening employment is only temporary, breaking 87,200 will be more difficult, and ETH may first test support at 2,650. Before the minutes, waiting is more important than direction. #9月FOMC会议纪要公布在即，是否继续加息？ #BTC巨鲸抛压减弱，ETF资金连续三周净流入 $LINK
LINK's slight rise outperforms BTC, can this be called a new trend?
Today's early spot 24-hour observation window: range 13.725—14.125 USDT, change +0.60%, trading volume about 6.27 million USDT.
The window is positive and the price remains in the upper half, providing evidence of relative performance improvement. However, the increase is limited, and before crossing a larger time cycle, it may still be just a local recovery; one day of leading cannot define a long-term trend.
If LINK maintains higher lows when the overall market is stable, the lead is more valuable; if it quickly returns to the lower boundary, withdraw the judgment of trend continuation first. 🔥 $ETH plunged $137 in one hour, and many people's first reaction was: It's over, the bull market is finished! But if you really lay out the cycle data, you might find that things are not that simple.
⚡ From 2724 down to 2587, ETH's short-term impact is indeed shocking, with leveraged longs chasing the rally taking the hardest hit. But if you extend the timeframe, today's -3.35% isn't much, 7 days is only -2.67%, 30 days still +5.71%, and 90 days even +50.11%. One bearish candle can't change the trend that the big cycle has already established.
🧲 Looking at the order book below, buy orders are 342.43K, while sell orders are only 64.37K, clearly showing a buyer's advantage. The lower the price drops, the more buyers step in, which is not exactly the same as a purely panic-driven market.
📌 2587 has become a key short-term level to watch, with the current price recovering around 2610. If this level holds, a technical rebound later wouldn't be surprising; conversely, if 2587 breaks, a reassessment of the short-term structure is needed.
🧠 So the real danger isn't the drop itself, but emotional trading. Sharp drops are common in bull markets; the key is whether support levels are truly broken. Do you dare to buy now, or wait for confirmation? #9月FOMC会议纪要公布在即，是否继续加息？ #BTC巨鲸抛压减弱，ETF资金连续三周净流入 Robinhood $HOOD has announced it added $25 million worth of Bitcoin to its balance sheet.
If more mainstream financial platforms follow, corporate treasury adoption could expand well beyond crypto-native firms and bring Bitcoin even closer to the traditional finance mainstream.The decline is twice as fast as BTC, with $ETH returning to the low point of September 20.
Current market conditions show ETH trading at $2,580, down 4.9% in 24 hours, while BTC fell 2.6% in the same period.
At 18:00, the lowest price was $2,563, just touching the September 20 low of $2,564, and already below the early session low of $2,590.
The selling pressure on ETH has not stopped for more than a week.
Ethereum spot ETFs have seen net outflows for six consecutive trading days as of October 6, totaling about $408 million.
Binance reserve proof shows that in September, user ETH balances dropped by 4.61%, while BTC balances actually increased by 0.91%.
Both ETFs and exchange balances are reducing ETH, while BTC is still holding up.
Contracts increased short positions in the afternoon.
On OKX, ETH perpetual positions were about 618,000 at 10:00, rising to 675,000 at 17:00.
The current funding rate turned negative to -0.0037%, indicating that those betting on a decline are willing to pay to hold their positions.
At 18:00, positions fell back to 656,000, with some short positions taking profits in this wave.
The daily close below $2,584 is the lowest close since September 18.
A rebound back above the afternoon's upper consolidation boundary at $2,624 is needed to squeeze these new short positions.Is today's pullback an opportunity or a trap? Here's a brief explanation.
BTC: This morning it was hit by a minor negative news, saying that the US sold Bitcoin frozen from a previous telecom fraud case, causing panic. Originally sideways and about to break, it was pushed back down. Fortunately, around 83700, the Fibonacci 38% line, it held for now. With sentiment calming down, today's dip should be about done. But we still need to watch the early morning meeting, as it might test 82200 again. My view: 83700-82200 is a support zone; if 82200 holds, it will remain range-bound; if it breaks down to 78000, that would be a deep second wave correction, with an extreme target of 76000. If it really dips deeply, I actually see it as an opportunity.
ETH: Recently stuck under 2780, this morning it followed the negative news and dropped close to 2600. Support is at 2550-2430, following the overall market. As long as the early morning meeting isn't clearly bearish, this pullback is basically in place, first to recover then move up. If the meeting is bearish, a drop to 2550-2430 is still a normal second wave correction; long-term holders with bottom chips need not worry.
SOL: Recently quite strong, no positive news or hype. While BTC and ETH dropped this morning, SOL held at 116. Strong support at 113-105; I think unless BTC and ETH continue to drop, it’s unlikely to reach that low.
Focus on the early morning meeting: BTC 82200, ETH 2550, SOL 113-105. If supports hold, the pullback is more of an opportunity; if broken, beware of a deeper correction.
$BTC $SOL $ETH "ETH Daily Chart in Danger, Don't Rush to Go Long"
The ETH daily moving average is about to break down, and the bulls are not showing strength. If it was going to rally, it would have done so earlier; during last year's bull market, daily candles with a 5% pullback were rare, and if it doesn't come, it simply won't.
Currently, both the 4-hour and daily charts are weakening, and the market makers clearly want to drag the trend to a larger scale. They might do a light sweep to shake out the shorts, but going long at this position has too low a risk-reward ratio. It's better to wait; breaking down and chasing shorts is smoother.
The macro environment is also unfavorable: US stocks at new highs, the shadow of rate hikes not gone, and if a synchronized pullback occurs, the crypto market could experience something similar to June again. The long-term US Treasury yields have hit new highs, with the 30-year approaching 5.7%, putting real pressure.
Strategy: Don't catch a falling knife, don't chase longs; follow shorts on breakdowns with proper stop-loss; wait for stabilization before considering a rebound.
$ETH #美债长端收益率再创新高，30年期逼近5.7% Brothers, how long is this slow decline going to last?
Honestly, the slow, grinding drop is the most frustrating. It keeps slipping down bit by bit with no clear bottom in sight. Many of the coins I hold are pulling back along with it, and it’s really agonizing. I’ve held SUI for a long time; it used to be quite profitable, but now it’s dropped back to my cost basis, basically wiping out the gains. Fortunately, the SPX grid strategy is holding steady, so the returns are still there, which is some consolation.
$BTC is currently priced at $84,100, down 2.5% in 24 hours, continuing a slow downward probe, with support around $83,000.
$ETH is currently priced at $2,610, down 2.8% in 24 hours, weakening along with Bitcoin, with support at $2,520.
$ZEC is currently priced at $1,305, down 3% in 24 hours, showing a weak pullback, with support at $1,220.
There’s no sudden major negative news in the market; the main issue is continuous capital outflow, weak buying support from bulls, and selling pressure gradually pushing prices down.
This kind of slow decline is likely to continue for several more days, so don’t rush to bottom-fish. Market confidence is currently weak, making it prone to repeated bottom grinding. At this stage, try to control your impulses, minimize trading, and closely watch the support levels of each coin. Only if support holds will there be a chance for a rebound; if it breaks, prices will continue to fall. Be patient and wait for the market to stabilize. What reasons do you have to short?
Midterm elections in November end + 1.3 billion daily volume unlocking + short-term profit-taking + early realization of earnings reports. Buy when no one is paying attention, sell when the crowd is roaring.$ZEC $1,307 | NU7 Testnet Activated, Mainnet Target November 5
Zcash's NU7 upgrade officially activated on the testnet today. Block time is cut from 75 seconds to 25 seconds, tripling confirmation speed, while introducing a network sustainability mechanism—60% of each transaction fee is removed from circulation as a reserve for future block rewards. Daily issuance remains unchanged, with the halving cycle correspondingly extended.
Developers will decide the mainnet activation height on October 20 based on testnet performance, targeting November 5.
But there is a key change that is easy to overlook: after NU7 activation, version 4 transactions will become invalid, and ZEC left in the old Sprout privacy pool will be unusable. Users holding old addresses need to transfer assets before the mainnet upgrade.
Whales are still accumulating during the dip. A newly created wallet withdrew 7,166 ZEC from Coinbase in the past 12 hours, worth $9.67 million. Another whale holding $66.19 million in ZEC was still withdrawing from Binance on September 30.
NU7 is the biggest protocol change for Zcash in four years, but the urgency of migrating old pool assets may be underestimated by the market.
Join the discussion in the comments: can NU7 help ZEC stop this downtrend?👇
#9月FOMC会议纪要公布在即，是否继续加息？
#Winklevoss旗下机构申请ZEC现货ETF This waterfall is not a long squeeze. The waterfall at 11 o'clock today — I'll put the conclusion upfront: it's not a long squeeze, it's a bet. The evidence is hidden in three numbers. Funding rate 0.00237%, settled every 8 hours, annualized about 2.6%. Simply put, the funding rate is the interest paid between holders; whichever side has more people pays. Before a squeeze-style crash, the rate usually spikes first — longs get squeezed with nowhere to stand, then the crash hits. This number is flat on the floor now, indicating there was no crowded long position before the drop. Then look at what happened after the drop. Positions didn't leave; instead, the opposite happened: from 11:00 to 18:30, about 29,900 contracts increased to 30,900. The price hit the intraday low of 83,355, but positions kept piling up — what dropped was the price, what increased was the stake. The account long-short ratio remained the same, longs holding 60%, and at 18:30 it even pulled back to 1.52. The big players show the honest picture today. After 17:45, in several five-minute candles, elite accounts' long positions almost dropped to zero, then a few minutes later fully recovered. Either stopped out or scared out, but definitely cut at the moment of panic. Today's breaking news: Hyperliquid address 0x344fef…af5d closed BTC longs, nominally about 31.6 million USD — same batch of faces. The basis wasn't idle either. After the sharp drop, the contract price stayed below the index, basis discount once close to 200 USD, shorts$ETH rebound is once again blocked, unable to firmly reclaim $2700, then falling back to around $2617, with short-term losses expanding.
Currently, bearish pressure is accumulating: $BTC still struggles to hold above $87,000, ETH spot ETF has seen net outflows for 5 consecutive days totaling about $206 million, while some dormant funds have started to take profits.
Resistance above: 2700
Support below: 2591 → 2550
If it breaks below 2583, it may further trigger liquidation pressure.
I am currently holding a short position near 2617.01, with a stop loss set above 2650. Next, I will focus on whether the 2591 level can be effectively broken.
#SepFOMCRateHikeOutlook #BTCWhalePressureEases #OKXNOW:24x7MarketEra Brothers, daily mainstream altcoin quick report
$XRP $1.447 | $SOL $117.4 | $DOGE $0.0894
The three major altcoins followed the market plunge sharply, DOGE fell below 0.09, SOL lost 118, XRP dropped below 1.45.
DOGE was dragged down by the Bitcoin liquidation wave. DOGE dropped over 5% to 0.0894, with $10.46 million liquidated in 24 hours, bulls account for 86%. The 20-day and 200-day EMA support at 0.094-0.095 has been broken, the next key level is the 100-day EMA at 0.086. 72% of orders are sell orders, bulls are crowded but no one is taking the other side.
SOL is struggling near 118. The 7-day SMA is at 119.79, EMA12 at 118.87, price is just stuck between these two lines. Open interest is nearly $1 billion, but the buy/sell ratio is only 0.78, sellers overwhelm buyers 127 to 100, a typical "bull crowding, spot distribution" pattern. If the daily close breaks 116.54, the downside target is 114.29.
XRP fell below 1.45, but on-chain data is bullish. Whale addresses increased from 12.48 billion to 13.8 billion from September 6 to October 6, exchange reserves continue to flow out, ETF net inflows have lasted 12 consecutive weeks. 1.44-1.45 is short-term support; if held, a rebound testing 1.51 is possible; if broken, look to 1.40.
#9月FOMC会议纪要公布在即，是否继续加息？ 🔥 $BTC One big bearish candle has woken up everyone who was still fantasizing about a rebound! The price fell all the way down from around 86900, then directly broke through 85000, hitting a low of 83577. The short-term bullish defense line has been continuously breached.
📊 The most critical change is not how much it fell, but that the structure has changed. The MA120 is around 85393, and this time it was directly lost, dragging the short- and mid-term moving averages underfoot. The moving average system has started a bearish alignment, indicating the short-term trend has switched from "high-level consolidation" to "weak operation."
💰 However, the market has not completely lost support. After bottoming at 83577, a long lower shadow appeared, and the price quickly returned to around 84200, with volume expanding simultaneously. The 24-hour turnover reached 533 million. Some are panic selling, while others are buying chips during the sharp drop. Bulls and bears are reshuffling here.
🚨 So now, don’t blindly short just because of the big drop. After a sharp fall, a rebound is most likely. If the bears are crowded, they might suddenly be pulled back to stop losses.
The first resistance above is 84500–85000; only by reclaiming 85000 is there a chance to recover. Below, 83577 is the short-term lifeline. Are you more inclined to wait for a rebound to short, or wait for stabilization to bottom-fish? #9月FOMC会议纪要公布在即，是否继续加息？ 🔥 $BTC is really crashing this time! The 85000 level broke through easily, hitting a low of 83577 directly, and the current price has pulled back to around 84200. The 24-hour decline has expanded to 1.74%. This big bearish candle packs quite a punch, and short-term bulls are definitely stunned.
📉 From a technical structure perspective, the MA120 at 85393 was pierced directly by a bearish candle, and all short- and mid-term moving averages have been lost, with the averages clearly tilting toward the bears. In other words, this is no longer just a simple consolidation pullback; the short-term trend has clearly weakened.
🧲 But the 83577 level is not a meaningless drop. The low left a clear lower shadow, indicating that after the price hit this point, there was support, with panic sellers and bottom-fishers starting to exchange hands positively. Volume expanded simultaneously, reaching 533 million in 24 hours, showing a clear warming of market sentiment.
⚠️ Next, focus on two key levels: the upper 84500–85000 range has completely shifted from support to resistance, and whether the rebound can hold here is very critical; the lower 83577 is the first line of defense after this sharp drop.
After such a sharp sell-off, technical recovery often follows, but recovery does not mean the trend will immediately reverse. Do you think this is a shakeout, or is the decline just beginning? #9月FOMC会议纪要公布在即，是否继续加息？ #BTC巨鲸抛压减弱，ETF资金连续三周净流入 #September FOMC Meeting Minutes Are About to Be Released, Will They Continue to Raise Interest Rates?
The market has already preemptively moved, BTC has dropped over 2.3%.
Here’s the key point: There are two possible outcomes for the pre-drop
① Minutes lean hawkish: the drop is confirmed, further decline, altcoins fall more sharply
② Minutes less hawkish than expected: bad news is fully priced in, short sellers get squeezed, rapid rebound spike
The hardest part now is that chasing shorts just because the price is falling can easily lead to being trapped by a reversal.
US Treasury yields are the real indicator to watch tonight.
I choose to wait and see, confirm the trend after the data is released, and not enter early.
Do you think funds are exiting early now, or is it a trap to shake out longs?【On-Chain Trading Activity｜ETH】
Monitored address 0x838d opened a long position:
▪ Execution price: 2,576.8 USD
▪ Transaction amount this time: 400,937.71 USD
▪ Leverage: 20xBrothers, BTC and ETH flipped overnight, BTC directly smashed through 84,000, ETH fell below 2,600.
$BTC $83,700 | $ETH $2,577
Bitcoin plunged sharply from above 86,000 to around 83,700, dropping nearly 2,000 dollars within 20 minutes. Ethereum simultaneously fell below 2,600, with a 24-hour decline exceeding 3%. About $394 million in liquidations occurred across the network in the past hour, of which $384 million were longs, with total 24-hour liquidations exceeding $1 billion.
Longs were bloodied; the 87,000 sell wall ultimately did not hold.
The trigger for this plunge was the massive sell orders accumulated near 87,000. After three consecutive failed attempts to break through, long confidence collapsed. The trigger point was the Iranian oil tanker attack incident pushing oil prices and the dollar higher, combined with capital rotation in AI concept stocks, causing risk assets to come under collective pressure.
There is an additional bearish factor for ETH. The validator exit queue surged from 166,000 ETH to 851,000 ETH, an increase of over five times, with about 786,000 ETH queued for unlocking. A large amount of staked ETH is about to be released, putting direct supply pressure on the market.
Technically, BTC broke below the 21-day moving average support at 83,500, with the next support at 82,500. After ETH broke through the 2,612 sell wall, 2,591 is the next line of defense.
Discuss in the comments, did you escape this long liquidation massacre?👇
#9月FOMC会议纪要公布在即，是否继续加息？ $PURR $HYPE Damn! HYPE's move this time gave me goosebumps, the 89.586 level clearly shows the dog whales want to shake out the market. It's all funds cutting each other inside, the retail investors are almost wiped out 😂
Looking at the K-line, the selling pressure above is as heavy as a mountain, and the volume just can't keep up. Don't fomo chase longs, at this level I'm flipping to short.
Set stop loss at 91.2, take profit below 85.5. Don't be greedy, take a bite and run.
If you want to follow, place your orders on the lower market card, this wave won't lose. What do you guys think? 🤔
The above is just my personal opinion, not investment advice. Cryptocurrency is highly volatile, please make decisions cautiously, profits and losses are your own responsibility.
👇👇👇Brothers, playing with $ZEC can really give you heart problems, I've completely experienced it.
Just glanced at the market, ZEC current price is 1306.35, down 3.64% in 24 hours. The order book shows B 12% vs S 88%, the buy side is pitifully thin, the sell side densely packed and pressing down, looks like it's about to crash. But my short position at 868.79 is still floating at a loss of -151.11%, margin 47.9U, liquidation price 2649, holding on is really exhausting.
Why is ZEC so hard to trade?
First, the whales defend the price too hard. From 1660 down to 1270, a drop of nearly 400 points, but every time it hits a key level, there are huge buy orders supporting the bottom. Grayscale ZCSH spot ETF holds nearly 445,000 coins, Cypherpunk holds 320,000 coins, totaling nearly 800,000 coins locked up, circulation is highly concentrated. Whales can pump or dump at will, retail investors can only take the hits passively.
Second, technicals repeatedly diverge. The 4-hour RSI is only 39, still in the bearish zone, but the price stubbornly pulls back above 1300. Contract open interest barely grows in a day, yet the price swings back and forth, purely manipulated by capital.
My judgment: 1300 is the current key support, if broken then 1270 and 1155 are next. Above, 1350-1400 is strong resistance. I'll keep holding my short, stop loss set above 1600, target first at 1270. But brothers, please don't follow my stubborn hold, ZEC is such a wild coin
$BTC $ETH #9月FOMC会议纪要公布在即，是否继续加息？ #SolanaStocksTop4.4B Trading volume gets attention. Settlement infrastructure may matter more
Tokenized stocks hit a record $4.4B on Solana in September. Now Solana DvP lets the asset and payment settle together onchain within seconds
What caught my attention is J.P. Morgan's input on institutional settlement needs
Tokenization isn't just about trading stocks 24/7 anymore. If settlement becomes faster and atomic too, blockchain starts competing with the plumbing underneath traditional marketsBTC: The non-farm payroll just got the bulls on board, but the oil price immediately slammed the door shut.
A few days ago, the non-farm payroll surprised on the downside, and everyone was trading on "the Fed won't dare to raise rates," pushing BTC up to 87,000.
But today the scene reversed completely:
Oil prices rise → inflation worries return → US Treasury yields and the dollar strengthen together → BTC is pushed back down near 84,000.
So I think the most interesting thing about this wave isn't the drop, but—
The market is now so sensitive that even the slightest stir can wash out all the leveraged positions.
There's also something easily misunderstood tonight:
It's not the FOMC decision, but the September meeting minutes.
And these minutes discuss the September meeting, which happened before the latest non-farm payroll.
So I won't treat tonight's minutes as the "big boss."
Right now, I'm actually focusing more on two levels:
83,000–83,500: the last decent defensive line for the bulls.
85,500: to rebound and turn things around, BTC needs to reclaim this level first.
If 83K is truly broken, don't rush to guess the bottom;
If 85.5K can be firmly retaken, today's dip might just be a shakeout.
What I fear most isn't a drop.
What I fear most is BTC getting slapped back and forth between 83K and 85.5K, wearing down both bulls and bears. $BTC $BTC 🚨 Alarm suddenly went off in the account at midnight!
$ETH has dropped to 2579, ROI -27.66%, unrealized loss of 210U, with the liquidation line at 2495 just below.
$BTC couldn't hold either, ROI -11.01%, 83000 has become the last psychological defense line tonight.
The most heartbreaking is $SOL — it was the MVP with +4.9% during the day, but turned into the MMP with -11.66% at night.
All three positions turned sour together; during the day they were a clubhouse, at night they went straight to ICU.
What's more troublesome is that the long-term US Treasury yields continue to surge, and the pressure on risk assets hasn't been fully released yet.
No bottom guessing tonight, just survival first.
In the crypto world, never impulsively check your account before bed, it easily causes insomnia and even faster heartbeat. 😂
#BTC现货ETF大额流入后转负 #ETH触及2500美元后震荡 #SOL延续涨势，资金与链上需求共振 This plunge in BTC seems like the shorts smelled gunpowder in advance.
What’s really worth pondering today might not be BTC falling below 84,000, but that someone had already set up short positions before the drop.
According to on-chain monitoring, on the morning of October 7, before BTC’s rapid plunge, 4 newly created addresses transferred about 1 million U to Hyperliquid, then immediately opened 40x BTC short positions with a nominal size of about 12.5 million USD.
What’s even more intriguing is that shortly after these shorts were opened, BTC experienced a rapid decline.
At the same time, there is a clear divergence among large market funds.
The spot side hasn’t shown obvious withdrawal; recently, a large amount of BTC has still been flowing out of exchanges; but the futures market is clearly bearish.
Currently, 12 large BTC accounts being tracked hold a combined position of about 605.5 million USD, all betting on a decline, with no long positions. The largest single short position has a nominal value of about 215 million USD, leveraged 5x.
This is quite interesting.
Spot is accumulating, futures are shorting.
Large funds seem to be betting on both directions simultaneously.
If BTC continues downward, shorts naturally profit; but if it suddenly rebounds above 84,000, these high-leverage shorts could instantly become fuel for the bulls. $BTC $ETH
#BTC现货ETF连续流出 #ETH触及2500美元后震荡 #ETH强势拉升，空头清算超11亿美元 Brothers, $BTC's drop today directly broke through the 84,000 level, currently priced at 83,604.8, down 2.42% in 24 hours.
Why the drop?
BTC was rejected and pulled back for the third time at the 87,000 USD integer level, triggering overall market selling pressure. More importantly, funds are flowing out — spot ETFs have seen net outflows for several consecutive days, and on-chain data shows that long-dormant old coins have started moving, with sell orders clearly outweighing buy orders.
Short-term outlook?
The 84,000 level above is a previous support turned resistance; if it can't be broken, it's a bear market. The key support below is at 83,000; if that doesn't hold, the next level to watch is 82,000.
My position
I opened a short at 83,614.2, holding close to the cost line. Defense is set above 84,500, and below, I’m watching to see if 83,000 breaks.
$BTC $ETH #9月FOMC会议纪要公布在即，是否继续加息？ Bitcoin hovered around 86000 for a day, and the resistance at 87000 still hasn't been overcome. Before the Federal Reserve meeting minutes and the Treasury auction settle, the main forces won't easily lift the market. The Solana Foundation teamed up with JPMorgan Chase to develop an institutional settlement tool, and Ripple is also piloting XRP loans. These two pieces of news provide some sentiment support for SOL and XRP, but with the overall market stagnant, altcoins can only fight their own battles.
I just finished wiping the windowsill of the security booth and casually checked AIN's chart.
AIN is currently priced at 0.04299, showing short-term pullback and consolidation. The MACD has a bearish crossover pointing downwards, with active sell orders clearly outweighing buy orders. The liquidation map is even more direct: a large number of long position liquidations are stacked between 0.040 and 0.041 below, while 0.045 to 0.047 is strong resistance above. Support at this level is fragile, and after a bull trap, there is a risk of hunting liquidity downward.
In terms of trading, I won't chase longs. Light short positions can be taken on a rebound near 0.0445 to 0.045, with a stop loss at 0.0462, first take profit at 0.0415, and second take profit at 0.0402. If it breaks below 0.042 with volume, don't bottom-fish; wait until the liquidations near 0.040 are cleared before considering support. For longs, only try entering after volume contracts and stabilizes between 0.040 and 0.041, with a stop loss at 0.0393 and a target of 0.0438. Manage position size well; avoid heavy exposure.
$AIN
#美债长端收益率再创新高，30年期逼近5.7%
@OKX星球 I'm really impressed by $PONS, I think I finally understand what's wrong 😭
When Pons was at its peak, what I saw every day was:
Trading volume exploded.
Fees exploded.
Number of tokens issued exploded.
PONS also exploded.
My brain automatically translated it into one sentence:
Damn, this place is really making money!!!
But recently, I saw a set of on-chain data, and I was silent.
Bitquery compiled data from Pons' first 32 days, involving over 310,000 wallets in total.
In the end, how many wallets lost money?
66.8%.
Bro???
So Pons is indeed very profitable.
But the ones making money are Pons itself 😭
Everyone issues tokens to get money, trading requires fees, a bunch of newbies graduate in minutes, and trading volume keeps skyrocketing.
The platform stands aside:
You guys keep going.
I'm collecting money.
The funniest thing is, during that period, over 200,000 tokens were issued, but only about 3,200 actually graduated.
I used to think that the more tokens issued and the more trading, the better PONS was.
Now I suddenly feel there's another side to this:
If the people entering are always "the platform makes money, I lose money" in the long run, how long can everyone really play?
So after PONS, I actually want to look at a data point I never cared about before:
Are there still newcomers willing to join?
Old investors can be cut many times.
But you really can't cut them to death 😭