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Is the bull market here? I just woke up and took a glance at BTC, and I was stunned. A couple of days ago it was still around 80,000, but in the blink of an eye, it touched around 87,000. The most tormenting part of this kind of market is that when you think it’s rising too fast and dare not watch, by the time you think the pullback is about right and prepare to watch, the price has already moved up again. My biggest feeling these past two days is: don’t underestimate this sudden acceleration in the market. $BTC has surged from around 80,000 to 87,000, and in a short time, it has completely lifted market sentiment. Previously, when the market dropped, the comment section was full of panic; now, with just a slight pullback, everyone’s first reaction is "Is it going up again?" This is a signal that sentiment is starting to change. But now, around 87,000 is indeed a very critical level. If it continues upward, market enthusiasm might rise to another level; if it oscillates repeatedly here, it’s a good chance to see if the support below is strong enough. To be honest, what I fear most in this kind of market is not the rise, but being driven by emotions. Excited when it rises, panicked when it falls, and in the end, what really affects the outcome is often not the market itself, but your own rhythm. How do you all feel about this wave of $BTC now? $ETH Is it painful to have missed out, or have you already started to get hyped? #BTC冲高$87000,加密总市值重返3万亿 #Strategy再度增持,财库同步加仓 #财报观察员:好市多Q4财报即将公布 #BTC surges to $87000, total crypto market cap returns to 3 trillion $BTC The faster it rallies, the steadier your hands must be. Rapid rallies mostly rely on leverage and sentiment, with shorts covering and momentum buyers pushing together. The candlesticks look good, but the structure is fragile. The steeper the rise, the sharper the pullback tends to be, and the wicks more violent. Truly sustainable moves usually involve a rise, a shakeout, and confirmation—not a one-shot spike to the moon. When it rallies fast, first check three things: Is spot volume keeping up? Are perpetual open interests expanding again? Can ETF and treasury buying sustain? If only contracts are pumping and spot isn’t following, it’s more like fireworks than a trend. In terms of trading, don’t add to fast moves, don’t increase leverage at peak sentiment, and wait for pullback confirmation to scale in gradually. At BTC’s current level, defending key support is more important than guessing the top. Missing a move isn’t shameful; chasing at the wick’s tip is painful. The faster the rally, the more you need to slow down. Slowing down isn’t bearish; it’s about not handing control over to emotions. #Strategy increases holdings again, treasury buys in sync #EarningsWatcher: Costco Q4 earnings report coming soon $UNI I originally thought 9 was already high enough, and breaking through 10 would be somewhat difficult, probably leading to a period of sideways movement. But it broke through in just one night, the altcoin season exploded beyond ordinary imagination. Look at the rhythm of DeFi this week; it’s just like that one who hasn’t fully woken up yet but could be grabbed up at any moment. L2 and DeFi are leading this rally, UNI’s monthly chart has more than doubled, and volume is increasing. Because on-chain transactions are warming up, the expectation of fee sharing is being brought up again. The long-fallen veteran DeFi, once this valuation repair momentum comes through, has considerable elasticity. This coin has a heavy trapped position, don’t expect a single move to pull it all up. Patience is more valuable than quick hands. Silly bull ZEC is plowing the field again, while BTC and ETH are still resting in the shade. ZEC, oh ZEC, you silly bull, why won’t you listen? BTC is currently hovering around 86,000, with a 24-hour fluctuation of 0.2%, as flat as an ECG—it's "resting and recuperating." ETH is even more laid back, oscillating near 2740, down 1.3% in 24 hours, lying flat with full confidence. Now look at you—up 10% in 24 hours, briefly breaking through 1650, with a 30-day cumulative increase of 71%, plowing from 953 all the way to 1650. Are you planning to till the entire field? Can’t you learn from BTC and ETH and take a break under the shade at the edge of the field? Let the short sellers have some tea, catch their breath, and reorganize their positions before you push up again? Oh right, I almost forgot—the short sellers have no tea left to drink. In the past 4 hours, ZEC liquidations hit $13.4 million, the highest on the entire network, including a single short liquidation of $12.9 million. Garrett Jin, who claims to be the biggest short seller, held 38,000 ZEC shorts without closing, ultimately losing $35.44 million before cutting losses and exiting. Short sellers making money? They’re actually paying you tuition fees. If you keep pushing like this, short sellers won’t just "make some money"—they’ll have to pawn their underwear to cover margin calls. But then again, whether you rest or not might not be up to you. 21Shares just launched the first Zcash ETP in Europe, and Grayscale’s ZCSH ETF saw inflows exceeding $70 million in the past two weeks. Institutional funds are lining up to enter, so even if you want to lie down, the folks behind you will whip you back up to work. So, ZEC, rest or not, it’s up to you, but the wallets of the short sellers will probably have to slim down a few more rounds. 📊 Real-time data panel (as of 2026-09-23) Asset Current Price 24H Change Status ZEC ~$1617 +10.09% 🔥 Plowing the field BTC ~$86,404 -0.20% 😴 Under the shade ETH ~$2744 -1.30% 😴 Under the shade Key Data Value ZEC 30-day increase +71% ZEC 4-hour liquidation $12.9 million Network-wide liquidation ranking ZEC first Fear & Greed Index 71 (Greedy) Short sellers, what do you say? Should this field keep being plowed, or should it rest? $BTC $ETH $ZEC #BTC冲高$87000,加密总市值重返3万亿 #Strategy再度增持,财库同步加仓 #财报观察员:好市多Q4财报即将公布 I'm probably doing something that no one else in the entire market is doing. $BTC surged to 86637. Last night, when it broke through 86000, the whole network liquidated 1 billion short positions. With one candle going up, countless short sellers' positions were wiped out, surely including my fellow sufferers. $SOL bounced to 119, hitting an eight-month high. In less than a week, it gained over 20 points, with funds pouring in. Watching it rise feels like watching my enemy get rich. $ETH pulled up to 2776. The sell wall at 2780 accounted for 65.8% of the top 5 levels. I, of all people, opened a short right under that wall. Now at 2769, I'm floating at a 21% loss. The bulls are celebrating wildly. The shorts are dying out. I'm the only one bleeding in the corner. It's not that I haven't thought about closing. Last night at 2732, I just made 171%, feeling hot. Then I shorted again, thinking I could ride another wave. But the market told me: you overestimated yourself. Sometimes I feel like I'm betting against the entire market. It's not about who predicts better. It's about who is more stubborn. I haven't even spent last night's profits. The new trap is already set.On September 22, spot ETFs still recorded net inflows: 🟠 $BTC: +$104.54M → cumulative inflow $56.26B 🔵 $ETH: +$37.70M → cumulative inflow $13.56B. However, compared to the previous trading day, capital inflows have clearly slowed. 📉 Meanwhile, prices remain near recent highs: $BTC ≈ $86.49K, not far from $87.40K$ETH ≈ $2.76K, still close 👀 to $2.81K. What really matters is not whether ETF inflows have decreased, but rather: When ETF buying starts to slow down, why haven't prices clearly broken down? This means there may still be other buying pressure in the market. 📊 Next, focus on spot trading volume, funding rates, open interest, and on-chain capital flows. If ETFs are no longer the main driver, then who is supporting the high-level structures of $BTC and $ETH? The answer may lie in the next volume breakout or the loss of key support 🔥1. Smart money flow and liquidity map From the perspective of overall order flow and liquidity distribution, digital assets and traditional safe-haven assets are staging a classic "liquidity mirror shift."  Hedging Assets (Gold/Silver): Liquidity Sweep Completed  Both XAU-USDT and XAG-USDT have met their intraday bearish bias. Yesterday, after sweeping upward to the previous high (BSL - Buy-side Liquidity), gold and silver failed to stabilize, and prices strongly reclaimed within the previous range, forming a textbook "Turtle Soup" bearish reversal structure.  Currently, the gold funding rate remains at +0.0173%, a neutrally high level, with open interest (OI) reaching 37.33 million contracts, indicating that previous long positions have been locked in, and smart money is mitigating profit-taking positions downward into the unbalanced zone (FVG) and selling liquidity (SSL).  Digital Assets (BTC/ETH/SOL): Hunting BSL  BTC, ETH, and SOL exhibit a uniform "run and close outside the previous high" pattern. In SMC theory, this is a typical Break of Structure (BOS), with a daily-level bullish bias ($BTC | 90.6K is worth watching 🧲 If the price later moves near 90K, I will focus on observing the 76.2K–72.1K area. If there is another valid pullback and structural confirmation here, it could become a Swing Long area worth attention. The liquidity above 90K has always been worth noting, but exactly when it will arrive is up to the price to confirm.$DOGE ripped above $0.10 while $BTC held above $85K. The obvious story? A massive crypto short squeeze. More than $1B in positions were liquidated in 24 hours, with $844M — 82% — coming from shorts. But DOGE itself accounted for only about $12.66M of those short liquidations. 👀 So why did DOGE outperform? Because meme coins tend to have high beta when leverage unwinds across the market. Then came the plot twist: Liquidations reportedly fell from >$300M per hour at the peak to <$11M per hour. ThDoes a bullish moving average alignment mean the trend is healthy? Not necessarily. A healthy trend is not just about moving averages pointing upward; you also need to consider the price's position relative to the moving averages and whether momentum aligns. Taking $ETH as an example: currently, MA5=2756.6 has risen above MA20=2749.14, forming the early stage of a bullish alignment with the short-term average crossing up. The current price 2768.98 is above both, indicating a relatively strong trend structure. But note two details: first, the MACD histogram is -0.03752, still in the bearish zone, indicating upward momentum is not yet confirmed; second, RSI=64.3, close to overbought but not above 70, so there is still room. Meanwhile, the price has touched the upper Bollinger Band at 2768.02, suggesting a short-term pullback may be needed. The funding rate of +0.0100% is a mild positive, indicating bulls are not overly crowded, which adds to structural health. The Fear & Greed Index at 71 is in the greed zone, sentiment is warm but not extreme, so the trend can still continue. Reusable method: moving averages set direction, MACD sets momentum, Bollinger Bands set position; only when all three resonate is the trend considered healthy. Currently, ETH is "direction correct, momentum pending confirmation," so the strategy is not to chase highs but to wait for a pullback near MA5 to go long. Operationally, the direction is bullish. Entry reference is 2756–2762 (pullback to MA5 support zone, also close to MA20 defense line). Take profit 1 target is 2785 (extension above the upper Bollinger Band, the first target after breakout).$BTC has pushed above $85K and $ETH above $2.7K, and the temptation is to read the green candles as confirmation. The more useful question is what happens on the retest. A breakout is only a hypothesis until the old resistance flips into support and buyers actually show up to defend it. That distinction matters because of how liquidity behaves around obvious levels. When price clears a widely watched range, it triggers resting sell orders and stops, and the move can be mechanical rather than conTRUMP TAGS NEW HIGH, THEN PULLS BACK Watched $TRUMP spike to 2.274 before cooling to 2.249 — a reminder that strength near highs often invites profit-taking, not confirmation. The 90D gain still outweighs the 30D dip; context beats one candle. How do you read moves like this? #TrumpGulfIranTalks Bitcoin surged to $87,000 this weekend, hitting a new high since January this year. Then it pulled back slightly and is now hovering around 86,000. It's like an ex suddenly swapping his social media posts for fitness photos. You say you don't care, but you've already clicked in three times. What drives this wave isn't some sensational news, but ETF funds returning and bears collectively backing down. Everyone thought it was going to break up, but they turned around and made things even better. Bears can only close their positions with tears. This scenario repeats itself in the crypto world every few months It's a scene where someone suddenly cherishes after a breakup. But don't rush to get back together. Perpetual contract funding rates are already a bit inflated, open interest isn't low, and there's another option expiring on September 25. These signals together are the kind of signal that emotions are heating up too quickly and it's time to calm down. What you should watch isn't how good it looks now, but whether it can hold on in this state. At the same time, macro tensions are loosening. Rumors of a possible unfreezing of the Strait of Hormuz have led to a five-day drop in crude oil. Market tension has generally cooled down, and risk assets are easily swept away. Binance is not idle either I spent $100 million on Circle shares, and the SEC even opened the compliance channels for tokenized US stocks. The long-distance relationship between traditional finance and the on-chain world has taken another step forward. My attitude remains the same: don't get carried away when prices rise, don't get caught up when things fall. Look at the data when you need it, watch the data; manage your positions when you need it. The crypto world has never lacked love at first sight; what lacks is the patience to accompany you through a full cycle. The above is my personal observation and does not constitute investment advice. Data from September 2$HYPE has broken through its all-time high again, currently priced at $97 This coin is one of the strongest in this cycle, using an on-chain order book to handle perpetual contracts, basically taking market share from CEX. It gained over twenty percent in a week, leaving BTC behind. The market votes with money: in the decentralized contract space, Hyperliquid has already taken a seat at the table. I'm not pretending to be a guru. This position definitely won't be liquidated; the area near the ATH is the easiest to get squeezed. But I keep my base position, have taken profits on one-third of the floating gains, and let the rest run. If it truly dips near 90 and doesn't break, I'll add more. Don't ask where the top is. For such a strong coin, those guessing the top have long been left behind. Hold what you can hold, take profits when you should, and that's enough.FLOWS ARE EASING, BUT PRICE IS STILL HOLDING On September 22, Spot ETF flows stayed positive: $BTC +$104.54M → cumulative $56.26B $ETH +$37.70M → cumulative $13.56B But the inflows were significantly lower than the previous day Current prices remain at $BTC $86.49K, $ETH $2.76K, still near their recent highs of $87.40K and $2.81K The key point: ETF flows are slowing, but price has not broken down The question is no longer Are ETFs still buying?..$ZEC continues to hit new highs, with the price breaking through the $1600 mark The previous tweet mentioned watching for shorting opportunities, using a 4h candlestick close below 1430 as a signal to short $ZEC is very strong and did not form the expected double top pattern; however, this is not a big issue because the market did not provide an entry signal, so we did not enter a short position The bulls should continue holding, the uptrend remains; for friends like me who are afraid to chase longs, just rest, if the market doesn't give opportunities, don't force trades, conserve your energy🔥 $UNI suddenly surged again in volume tonight! After two days of sideways consolidation, the bulls regained strength tonight, with the price once approaching $9.8, just one step away from the key round number $10. Besides the capital inflow in the market, attention is also on institutional derivatives layouts like CME and the positive signals from US regulators regarding on-chain financial infrastructure. However, whether this rally is directly triggered by a single piece of news still needs further confirmation. More notably, on September 17, the SEC introduced a temporary, conditional “innovation exemption” for certain on-chain tokenized US stock trading, valid until 2031 at the latest. Market interest in on-chain trading and DeFi infrastructure has clearly heated up. After UNI recently reclaimed a key area, short-term sentiment has clearly warmed. The focus now is whether it can hold around $9.5 and break through $10 with volume. If the breakout lacks volume support, beware of a pullback after the spike; don’t blindly chase the price just because of rising sentiment. #UNI #Uniswap #DeFi #cryptocurrency #SECSpot BTC ETF saw a net inflow of nearly $1 billion yesterday, marking the largest single-day inflow since October 2025. This is not retail investors coming back; it's institutional channels increasing their positions. My personal view is: - The "store of value" narrative for Bitcoin is being repriced by compliant funds - ETF + listed company treasuries + sovereign holdings are absorbing retail floating supply - Institutional adoption follows a slow bull logic, not a sudden spike We are certainly still in the early stages: Institutional allocation ratios range from single to double digits, on-chain locked supply is expanding, and tradable floating supply is shrinking. But don't interpret "ETF inflows" as "100k tomorrow." What it indicates is: the protagonists of the next cycle are no longer signal groups but BlackRock, asset managers, corporate treasuries, and macro liquidity. $BTC is the underlying asset, $ETH is the risk layer, $DOGE is the sentiment layer. All three layers exist, but don't trade them with the same logic. $BTC $ETH $DOGE I was originally complaining to my friend about this week's market, but I have to take back my words now, a bit awkward. Yesterday afternoon, I watched $HYPE, it pulled back and held steady, buying pressure strengthened, and there were buyers below. I advised not to rush to sell; as long as the pullback doesn't break, keep holding. Risk control is done upfront, that's called being rational; cutting losses after losing is called decisive action. Don't get greedy with profits, don't despair over pullbacks. The long position in HYPE went from 91.055 to 97.296, a floating profit of +342.1%. It was worth the wait; the timing was right. Take profit on 70% first, keep the remaining 30% at cost price as protection, don't be greedy for the last bit. Wait for the next opportunity; now is not the time to rush. Chasing highs easily gets you stuck at the peak. Move again when the next signal comes. $SNDK $SOL 🔥ZEC Quick Review: A 25x Surge in One Year! The King of Privacy Coins, Dare to Chase Now? A whale painfully closed 38,000 short positions, with unrealized losses exceeding 35 million USD, driving a full-blown short squeeze frenzy. Current price around 1530, market cap surged to 26 billion, ranking 9th among all cryptocurrencies. The momentum is visibly fierce: 9.4 broke 1000|9.16 stabilized above 1300|Last night peaked at 1568, nearly 25 times increase in one year. The rally is fueled by three major positive factors: ① NU7 upgrade voting passed, block time compressed from 75 seconds to 25 seconds, greatly improving privacy transaction efficiency ② Nearly 99% community vote to retain Bitcoin-style halving narrative, promoting the "better BTC" story ③ Grayscale ZEC spot ETF surpassed 400 million USD, continuous inflow of funds, intensifying the short squeeze But a cold shower is necessary here. Monthly increase of 188%, after last night’s peak at 1568, growth has clearly stalled, short-term is seriously overbought. Resistance levels: 1568, 1800 Support levels: 1468, 1300 To be blunt: chasing longs at this level is essentially carrying the coffin. If planning to position, better patiently wait for a pullback to the 1300-1400 range; if it breaks below 1468, don’t stubbornly hold. Privacy coins have strong explosive power, but the harvesting speed is equally fast. $BTC $ZEC $ETH Don't rush to call it a knockoff season; what really changes first isn't price, but volatility. Did you notice that the loudest argument in this rebound isn't the one that rose the most? My most direct impression while watching the market is: $BTC after reaching 87K, control is no longer tightly held in hand like before, $ETH has rebounded back to 3K, and the $SOL's rebound speed is noticeably faster. Many people's first reaction is "rotation is coming," but I prefer to understand it as a switch in volatility phases: BTC shifts from a one-sided suppressor to an anchor stabilizing sentiment, and hot money starts testing the corners of higher betas. The signal is actually not complicated. On the ETH side, ETF inflows turning positive combined with tokenized stock narratives give it a "story institutions can clearly tell"; On SOL's side, DePIN, PayFi, and Meme are all recovering, giving the feeling of "on-chain activity returning." The two have different appeals: the former leans toward allocation, the latter more on emotional flexibility. But here's a common misjudgment: if ETH and SOL both strengthen, it's basically the full start of the altcoin season. But in reality, this is more like the first layer of volatility spreading outward from BTC, rather than all small coins riding it together. The general trend is BTC stabilizing, ETH connecting, SOL surging, and then more marginal stocks turn, currently near the second segment. The bullish path is: as long as BTC doesn't fall back to the key range and ETH holds above 3K, SOL's strength will continue to attract short-term attention, and the risk appetite for altcoins will increaseSTRC plunges 25%, Strategy's CEO finally addresses a key issue: leverage! Strategy CEO Phong Le recently explained that STRC's previous crash was not solely due to fundamental issues, but rather because the company underestimated the scale of market lending leverage. The logic is actually easy to understand: STRC itself offers high dividends, and some funds even borrow BTC to buy STRC to earn the spread. Normally, this seems like a stable return; But once BTC falls, borrowers start demanding margin payments, forcing investors to sell STRC. The result is that BTC falls→ leverage is under pressure→ STRC is forced to sell→ prices keep falling→ and more funds are forced to reduce positions. This is why STRC, originally designed to trade close to $100, can fall to around $75 in extreme cases. This incident also serves as an important reminder for BTC: what the market really needs to guard against now is not just spot selling, but the leverage hidden within various financial products. Strategy has already increased its buffer through cash reserves and STRC repurchases, and in September continued to conduct STRC repurchases, raising the digital credit securities repurchase limit to $2 billion. But what I think is most important here is whether if BTC experiences another rapid decline, whether STRC, MSTR, and other leveraged products built around BTC will see chain reductions again. In my opinion, the biggest warning from STRC's recent crash is not "high."$ZEC Drop below 1425, strong breakout at 1562? Add more positions? Seems quite a lot, but strength is less than 10% ➕ Adding to the average price certainly pulls it up, but the liquidation price also rises, so I choose not to add more. Play it safe. As long as Bitcoin and Ethereum pull back, ZEC will also pull back. For now, the only option is to wait!$BTC The bearish voices suddenly appeared. Currently, Binance's funding rate is negative, and the liquidation heatmap shows higher value below. However, the funding rates on Coinbase and OKX are both positive. Coinbase's funding rate is 0.0014%, which is not low. So for now, I'm not too confident to open a short position. If it’s going to drop hard, it’s possible there might be a pump first. Coinbase spot depth chart shows there are 224 BTC sell orders below 88000, but there isn’t much concentrated placing here. It might not be too difficult to pull it down to around 88000. Between 88900 and 89000, there are about 110~120 BTC sell orders, so there is strong resistance here. Also, the big visit to the US seems to have some points of interest; theoretically, it shouldn’t cause a drop. The last day of the visit might be ending soon, which could be Saturday Beijing time. Brother Feng has short orders placed at 88200, 88500, 89000, and 90000, all with stop losses set. Let’s see if they get filled. Brother Feng’s trading skills are especially poor, especially with BTC and ETH contracts, he’s almost never made a profit, haha, so don’t mind me. But I suggest not opening shorts for now. Observe Coinbase’s funding rate, and wait another couple of days before considering it.First thing in the morning when I opened the contract page, I glanced at the funding rates. The $ETH perpetual contract rate is still slightly positive (just over 0.01%), with longs paying a small fee; on OKX, the contract open interest is still hovering around $1.6 billion. The spot price is currently about 2765, with the overnight low touching around 2716 before bouncing back, and the high stuck near 2774. I'm more focused on 2750—if it holds, consider the morning session still consolidating; if it breaks down and volume dissipates, don't rush to chase. The area above 2770 is temporarily seen as resistance. $BTC is also running alongside near 86,000, still following the rhythm of the main market. $ETH $BTC #ETH #Ethereum #BTC #ContractMarket #FundingRate #2750Level #WednesdayMorning #RiskWarning The above is only my personal observation and does not constitute investment advice. The market carries risks; please make decisions cautiously. Institutions are buying so aggressively, there's likely an information advantage behind it. But the easiest mistake in the market is to only focus on how much a particular entity bought this time. What really needs to be tracked is whether corporate treasury funds and spot ETFs are continuously removing chips from the market. The data shows: Strategy waited two weeks before acting, buying 950 BTC at an average price of about $79,670, accumulating 846,000 BTC; Strive increased by 1,355 BTC, holding 26,355 BTC in inventory. On the ETH side, BitMine bought 27,562 ETH in a single transaction, with total holdings approaching 5.98 million ETH, of which 5.07 million are already staked. These volumes look large, but a few thousand coins at once cannot decide the outcome. What truly changes supply and demand is "continuous net buying." Corporate treasuries keep accumulating, ETFs keep redeeming for spot, and the circulating supply of BTC and ETH will become thinner and thinner. Don't expect same-day price jumps from same-day buys; after a longer cycle, changes on the supply side will manifest. There are also differences in pace: Strategy was still buying thousands last month but only added 950 this week, slowing down; BitMine is still aggressively increasing holdings, but besides hoarding ETH, it also earns yield through staking, so its approach differs from simply hoarding coins. $BTC $ETH #Strategy再度增持,财库同步加仓 $ONE Don't enter the market, the cost of shorting is unbearable, going long can only get a small taste, wait until the shorts can't hold on and run away, then it will crash sharply, neither longs nor shorts can play.🔥 SHORTS WERE THE FUEL. NOW COMES THE TEST. $BTC ripped above $85K on Sept. 21 as more than $648M in crypto shorts were liquidated. That forced buying accelerated the move. But forced buying isn't the same as fresh demand. Now the real test begins: 📊 Can spot volume take over? 💰 Can new capital follow? 🟠 Can $BTC hold the breakout? If yes, the squeeze can turn into structure. If not, it may have simply been leverage getting cleared. 👀 Price held the breakout. Now watch the flows. ZEC|Today's Strategy Direction: Buy on pullback As previously indicated, ZEC will experience short-term fluctuations, with around 1450 being the previous buy-on-dip level. This morning's rally was quite strong, pushing back near 1600. If you still want to participate now, buy between 1590–1610. Stop loss: below 1570 Target: 1650–1680, reassess after breaking previous highs. This rally is quite strong, so now is not the time to guess the top but to wait for pullback confirmation. Note that 1590–1610 is a high-level buy zone, so position size should not be the same as around 1450. The 1450 level was a low-level support; now it is a follow-up after the breakout. If 1570 holds, continue to expect strength; If 1570 is decisively broken, this buy-on-pullback strategy fails. Previously, we waited ahead at 1450; now follow the market after it has moved. Different levels, different position sizes. $BTC $ETH $ZEC #BTC冲高$87000,加密总市值重返3万亿 #AMD市值突破1万亿美元,芯片股集体大涨 #ZEC巨鲸3.8万枚空单平仓,亏损超3500万美元 $ZEC continues to hit new highs, with the price breaking through the $1600 mark The previous tweet mentioned watching for shorting opportunities, using a 4h candlestick close below 1430 as a signal to chase shorts ZEC has been very strong and did not form the expected double top pattern; however, this is not a big issue because the market did not provide an entry signal, so we did not enter short positions The bulls should just keep holding, the uptrend continues; for friends like me who are afraid to chase longs, just rest, if the market doesn't give opportunities, don't force trades, conserve your energy #ZEC巨鲸3.8万枚空单平仓,亏损超3500万美元 The market is slightly strong, but don't get carried away. Three positions, three lives. Last night, the US stock market was flat, oil prices fell below 90, and Trump mentioned Iran negotiations at the UN General Assembly. The market digested this as good news. $BTC spot ETF saw a single-day inflow of 1 billion USD, hitting a new high since late October last year. The on-chain MVRV ratio just broke through the 365-day moving average, and Glassnode directly named it, saying this signal appeared at the start of bull markets in 2019 and 2023. The sentiment has indeed changed. But the fear and greed index dropped from 78 yesterday to 71, retreating from "extreme greed" to "greed." Cooling down is not bad, but it indicates that those chasing highs are starting to hesitate. --- $BTC 86474 Yesterday's surge to 87350 was a 33-week high. After the surge, it pulled back, indicating selling and profit-taking above, which is normal. The 80,000 area has turned from resistance into support, and this conversion has been confirmed. Now, the 86400 level is not bad, but not cheap either. The intraday logic remains unchanged: 85000 is the defense line, 87000 is the gate. Hold 85000, continue to watch 87000. A volume breakout above 87000 opens space for 88000 or even 90000. But if it falls back below 85000, don't rush to buy; wait around 83000 to see if it can hold. That is the position with value. What are the big players doing? Bitmine and Strategy are both adding positions. Strategy made its first move in three weeks, sweeping up 950 $BTC. But FTX/Alameda's liquidation team just dumped 27,372 ETH to Wintermute, suspected to be selling. There are buyers and sellers; this is the real market, not a one-sided frenzy. --- $ETH 2758 $ETH is indeed stronger this time compared to before. It rose 74.6% in Q3, with derivatives open interest back to 16 billion USD, Binance alone accounting for 6.8 billion. But short positions on Binance account for nearly 50%, with many shorts piled up near 2800. What does this mean? It means once 2800 is effectively broken, it may trigger a short squeeze. Conversely, if it can't break through, these shorts will be the source of pressure. 2700 is the short-term lifeline. Hold it, watch 2800. If it stands above 2800 and holds, 2850-2900 is the next target. If it falls below 2700, shrink your position, don't stubbornly hold. Consider again when it recovers. One detail: $ETH spot ETF funds turned negative last week. BTC ETFs are aggressively absorbing funds, but ETH ETFs are seeing outflows. This is a divergence. The mid-to-long-term institutional allocation logic is intact, but short-term funds have inconsistent attitudes, increasing the probability of high-level oscillation to digest profits. --- $ZEC 1608 ZEC is the strongest today, no doubt. It briefly touched 1650, up over 10% in 24 hours. In the last 4 hours, liquidations reached 13.4 million USD, the highest on the network, with shorts liquidated at 12.9 million. Shorts are being bloodied; this is the most typical feature of a short squeeze. But you must closely watch the 1550 level. The largest $ZEC liquidation wall on HL is stacked at 1550, about 20.4 million USD, while other nearby walls are less than a quarter of it. A big short 0x362a has been stopped out 7 times from last night until now, with liquidation price raised from 1509 to 1550.6, just a few points from the current price. His buy stop-loss orders are almost right at the liquidation line. If this wall is broken, there may be another sharp rise above. If it repeatedly fails to break through, that's another story. In terms of operation: 1550 is defense, 1600 is contested, 1650 is breakthrough. Hold above 1600, watch 1650-1700. If it breaks below 1550, don't fantasize; wait near 1500 for support. In this kind of short squeeze market, if the direction is right, profits come fast; if wrong, stop losses come fast. Position management is more important than direction judgment. --- Today's rhythm is that simple. $BTC sets the direction, $ETH watches mainstream funds, $ZEC watches altcoin sentiment. Three positions: $BTC at 85000, $ETH at 2700, $ZEC at 1550. Hold them all, the market remains slightly strong. If $BTC loses 85000 first, don't blindly chase the other two. When the market is hot, keep your hands steady. ETFs are flowing in, on-chain signals are improving, but the greed index has started to cool. Some are buying, some are selling; key levels are used to distinguish who is telling the truth. #BTC冲高$87000,加密总市值重返3万亿 #Strategy再度增持,财库同步加仓 #财报观察员:好市多Q4财报即将公布 $BTC was still holding the market early this morning, but then news came one after another. The European Central Bank and several European national central banks recently proposed adjusting stablecoin reserve rules and strengthening some crypto regulations, yet market sentiment doesn't seem to have been significantly suppressed. BTC fell back from the previous high near 87,000 but was quickly pulled back above 86,000 by funds, currently oscillating around 86,200. Looking at the 4-hour chart, there is indeed a bit of a "high-level overheating" feeling in the short term: RSI and KDJ are both in relatively high zones, but the price just refuses to pull back significantly. Previous regulatory negatives and interest rate pressures haven't been able to directly crush the market; instead, it repeatedly found support near 85,000. What's more interesting is that after BTC recently broke through 85,000 and once surged above 87,000, the market also saw a large number of short positions being closed, indicating this rally is not just driven by spot buying but also amplified by leverage squeeze. So the most awkward situation now is: Want to go long, but there's obvious resistance near 87,000; Want to short directly, but the price just won't drop. In the short term, I will focus on two key levels: 🔹 85,000: Can the pullback hold? 🔹 87,000: Can it break out with volume and hold above? If it continues to move sideways at a high level, it means funds are still digesting positions; if it suddenly breaks below 85,000, beware of concentrated profit-taking at the top. The early morning session is most prone to quick spikes, so don't be fooled by a single K Bitcoin chip structure is shifting from retail investors to institutions. Approximate figures for 2026: - Individuals/Others: 53% - Exchange custody: 12% - Lost: 12% - Spot ETF: 6.7% - Public company treasuries: 6.7% - Satoshi Nakamoto: 5.5% - Government: 3.2% - Miners: 1.2% Two years ago: - Individuals 57% → 53% - ETF 3.9% → 6.7% - Company treasuries 3.6% → 6.7% ETF + public company treasuries ≈ 13.4%, which has surpassed Satoshi Nakamoto's 5.5% + miners' 1.2%. My personal insight is: - Marginal pricing power is shifting from retail sentiment-driven to institutions Individuals 57%→53%, ETF 3.9%→6.7%, company treasuries 3.6%→6.7%. Institutional compliant holdings have reached 13.4%, exceeding Satoshi + miners. It's not that all retail investors have left, but institutions have bought up the weight. Result: shallower drawdowns, longer cycles, increased macro pricing power. Bitcoin is transforming from a "retail sentiment asset" into an "institutional macro asset." I believe that with institutional entry, Bitcoin's value will be more stable and have stronger long-term holding characteristics. If you're still holding $HYPE, don't focus on price action alone. There are several important factors worth monitoring as Hyperliquid continues to expand. 📊 1. HYPE: Platform Growth vs. Supply Pressure Hyperliquid's open interest has reportedly climbed above $8B, highlighting the scale of activity on the platform. Recent reports also show HYPE buybacks and burns continuing, with cumulative burns approaching 49 million tokens. But remember: higher OI doesn't automatically mean higher token value央行昨天重申虚拟货币监管,BTC今天却冲到87000美元,加密总市值重新站上3万亿美元,这两个消息放在一起看反而很有意思。 9月22日,人民银行再次明确,境内开展虚拟货币相关业务属于非法金融活动,同时强调未经依法依规同意,不得在境外发行挂钩人民币的稳定币。 但市场并没有因此出现持续性抛售,反而BTC一度冲到约87381美元,加密市场总市值重新突破3万亿美元。 这说明一个很关键的问题:中国监管态度和BTC全球价格逻辑,本来就是两套体系。 对于BTC来说,当前真正决定价格的仍然是全球流动性、美国ETF资金、美元、美股风险偏好以及全球投资者配置需求。央行的这次表态更多影响的是大陆境内的交易、资金和服务体系,而不是直接改变全球BTC的供需。 但对大陆参与者来说,影响就完全不同了。 **第一,BTC价格可以继续涨,但大陆参与者面对的监管边界没有放松。**央行这次甚至进一步提醒不要参与虚拟货币发行、交易、投资、挖矿,也不要出租银行卡、做“车手”“币商”“U商”。 第二,稳定币受到的关注可能更高。尤其是人民币稳定币,监管重点已经非常明确。未来稳定币与跨境支付、资金流动之间的联系,可能成为持续监管的重$BTC has climbed back toward $87K, while total crypto market cap has touched the $3T mark. Sounds very “bullish” but give traders a few green candles and suddenly the FOMO finger starts hovering over the button. 😏 ⦿ 1. The money flow is coming back — this isn’t just the chart randomly looking pretty. U.S. spot Bitcoin ETFs recorded roughly $999M in net inflows on Sept. 21, while BTC briefly moved above $87K. ⦿ 2. Total crypto market cap has returned to around $3T in September, its first time baApple has released Apple Pay and Apple Cash related positions, explicitly listing stablecoins and tokenized deposits as preferred qualifications, targeting consumer payment scenarios. Google Cloud is recruiting Web3 architecture talent to serve financial institutions, exchanges, and custodians, focusing on institutional digital asset infrastructure. Neither company has officially announced plans to issue their own coins, but their recruitment actions have made their intentions very clear: competing for the next generation of payment entry points. The significance of this matter is far greater than it appears on the surface. Currently, the use of stablecoins is basically limited to exchange transfers and on-chain transactions, with the general public hardly exposed to them. But once Apple integrates stablecoins into Apple Pay, users won’t need to understand blockchain or remember private keys; they can complete payments simply by scanning a code. Once this level of consumer entry point opens, stablecoins can truly enter everyday consumption, and their application scenarios will directly expand by an order of magnitude. The impact on Bitcoin is indirect. The popularization of stablecoins does not mean ordinary people will immediately buy BTC. But it effectively builds a user bridge for the industry: many ordinary people will be exposed to on-chain assets for the first time. Starting with stablecoin payments, they will gradually encounter the narrative of value storage, and Bitcoin, as the strongest consensus hard asset in the entire ecosystem, will definitely be recognized in the long term. Additionally, the willingness of giants like Apple and Google to enter the stablecoin space indirectly indicates that compliance pathways are becoming clearer and traditional finance’s wariness of crypto is loosening. But it’s important to distinguish: this is a slow variable, not a catalyst for a sudden surge. Don’t expect this news to directly drive a price takeoff. Giant recruitment is just the beginning of the layout; there is a long process of regulation, compliance, and product implementation before actual products launch. Crypto payments are gradually moving from the fringe toward the mainstream. The direction is right; the rest is up to time. What do you think, will Apple be the first to implement stablecoin payments? #Apple、Google招聘稳定币相关人才,或进军加密支付? $BTC $ETH Regulators openly say that crypto has been politicized; this statement itself carries more information than its content. Selway is the director of the Trading and Markets Division, responsible for whether tokenized products can be listed. He separates political labels from business judgments, and the motive is not hard to guess: rulemaking requires a stable technical standard. Down the chain, the beneficiaries are issuers who want to put securities on-chain, while the passive ones are funds betting on regulatory leniency based on election cycles. A more likely explanation is that this is paving the way for cross-term continuity, but so far there is only a single TV statement, with no supporting documents. Watch for whether a formal request for comments appears later. If none appears within six months, this statement is just a personal opinion. #欧洲央行上线代币化结算平台 #SEC代币化股票创新豁免落地,UNI盘中涨超21% #美国加密税收与BTC储备法案获推进 $ETH #闪迪纳入标普100,焦点转向AI需求 US Stock Market Analysis: AI Price War Ignites New Narrative, Nasdaq Hits Four Consecutive Gains and New High, Bank Stocks Suffer Heavy Losses Nasdaq rose 0.45% to a record high, Dow fell 0.36%, S&P closed flat. Chip stocks have risen for six consecutive days, with the financial sector being the biggest drag. Macro theme: OpenAI and Anthropic simultaneously released low-cost new models, shifting AI competition from "computing power arms race" to "inference-side price war," directly igniting imagination for intelligent agent application layers. Storage chips surged across the board, with SanDisk up 6.82%, Micron up 5%, Seagate up 4.85%, and the Philadelphia Semiconductor Index up over 2%. On the other hand, concerns about intelligent agent AI "replacing human labor" in the financial industry have been repriced, with JPMorgan down 3.42%, Bank of America down 3.04%, Wells Fargo down 3.92%, and the S&P financial sector hitting a new low since July. Asset linkage: Oil prices have fallen for five consecutive days, Brent crude dropped below $100 to $99.25, WTI closed at $94.59. Gold reversed in a V-shape intraday and closed higher, Bitcoin slightly retreated near $86,000. The US dollar index closed above 100.5, and the 10-year US Treasury yield remained steady near 4.96%. The AI narrative is spreading from "buying computing power" to "buying applications, shorting human labor," intensifying sector divergence. The downward trend in oil prices eases inflation concerns, but the sell-off in bank stocks suggests the market is betting on a more aggressive AI replacement logic.A large address sold 1,107 BTC, approximately $86.76 million, over the past 5 days, then bought 34,422 ETH, about $86.5 million, and staked all the ETH. This is a real BTC→ETH asset rotation. However, the narrative of "market funds fully shifting to ETH" still lacks key evidence. Because on the same trading day, the US BTC spot ETF had a net inflow of about $999 million, while the ETH ETF had about $270 million. In other words, when a whale swap appears on-chain, even larger-scale public institutional funds are still simultaneously increasing BTC allocations. Therefore, the current data more supports that some large funds are beginning to rotate towards ETH, but it is not yet enough to confirm a market-level BTC→ETH migration. The next truly informative signal is not just another ordinary transfer, but whether similar large BTC sell-offs → ETH purchases and staking can occur continuously, while ETH ETF accelerates steadily and BTC ETF cools down significantly. Before these conditions appear, a single whale cannot represent the entire market. SEC's Jamie Selway spoke out, saying that tokenization and crypto shouldn't be politicized. That sounds quite decent. But think about it, someone in charge of trading and markets going on TV to say this—what does it mean? It means there's already a huge internal conflict. The biggest problem in crypto these years isn't technology, it's taking sides. One day it's looser here, the next day tighter there, all depending on who's in power. Short-term traders fear this the most. When policies swing, the market follows erratically, and you simply can't act logically. I guess him speaking out now is likely laying the groundwork for some upcoming moves. As for whether the groundwork is for easing or tightening, it's not clear yet. What do you think? Is this a hint at a warming trend, or just a way to calm things down first? #欧洲央行上线代币化结算平台 #SEC代币化股票创新豁免落地,UNI盘中涨超21% #美国加密税收与BTC储备法案获推进 $ETH Brothers, $ZEC is going crazy! This wave successfully broke through $1600, hitting a recent high. The most outrageous part is that over the past 4 hours, more than $13.4 million worth of liquidations happened across the entire network, pushing it straight to number one! Among these, short positions alone liquidated $12.9 million, accounting for over 90%! Honestly, this data is brutal, a pure short-squeeze meat grinder. Why such a sharp rise? Everyone probably knows the reason: as a veteran privacy coin leader, ZEC has been quiet for a long time. This rally is very likely driven by the main players leveraging the privacy sector's recovery expectations to violently squeeze shorts. Retail investors kept thinking it was overbought and due for a pullback, so they kept adding shorts desperately. But the more they shorted, the higher it went; the higher it went, the more shorts piled on, resulting in a chain of liquidations that forcibly pushed the price past $1600. Honestly, who dared to imagine $1600 ZEC not long ago? Everyone thought after such a rise it had to fall. Now, with the current situation, if you chase it, you’re afraid of getting stuck at the peak exposed to the wind; if you don’t chase, you’re afraid it really rockets to $2000... To be honest There are far more people losing money when the market is good than in a bear market Many don't agree They think it's just leverage contracts causing harm Even if you only trade spot, this principle still holds In a bull market, the ups and downs are fierce Many chase at the top, can't hold through the volatility, and end up cutting losses and exiting In market games, retail traders have nearly a 50/50 chance of winning or losing But big capital harvests most of the profits In the end, ordinary players are left only with losses Don't just see the opportunities in big rallies Small fluctuations back and forth can still hit both sides hard Both longs and shorts get trapped in turns, and the principal quietly shrinks A hot market doesn't mean money is lying everywhere to be picked up Sometimes, it's actually the hardest battlefield to protect your principal A reminder: Don't use high leverage, don't let emotions drive you recklessly, stay rational. $BTC Many people see a coin that has risen 67% in 24 hours and their first reaction is "chase it because it can still go up," but they often end up buying at the most euphoric candlestick. $MUBARAK is a typical example of this scenario right now and is worth analyzing calmly. First, look at the overall market sentiment: the Fear and Greed Index is 71, in the greed zone, indicating that the market's overall risk appetite is not low, and funds are willing to rush into high-volatility assets. This is the soil that allowed MUBARAK to surge 67%. However, the greed zone also means profit-taking could happen at any time, and the margin for error when chasing highs is decreasing. If BTC maintains strong consolidation recently, these high-beta small coins still have room for rotational catch-up; once BTC weakens, their pullback amplitude will significantly increase. Technical analysis: current price is 0.07408, MA5=0.077972 has crossed above MA20=0.070345, the mid-term structure remains bullish, but the price has fallen back below MA5, indicating short-term momentum is weakening; RSI=61.5 is not yet overbought, so there is still room; MACD histogram turned negative, indicating upward momentum is fading, and the upper Bollinger band at 0.0884845 is a clear resistance. The funding rate is +0.0250%, positive, meaning longs are paying, sentiment is hot but not extreme. The view is bullish, but only buy on pullbacks, do not chase the highs. #BTC surges to $87000, total crypto market cap returns to 3 trillion Yesterday $BTC dipped back to 85000, I stared at that wick for a long time, but in the end did nothing—because it really held steady. The feeling this market gives is: it can't fall further. So I’m not advising anyone to short now. The trend is clearly bullish; opening short positions against the trend is like picking up coins on a highway—if you pick ten times, nine times you get it right, but one mistake and you’re done. #Strategy increases holdings again, treasury adds positions simultaneously Those who shorted $ZEC yesterday probably don’t even have the courage to check their accounts today, you know what I mean without me saying it. #Strategy increases holdings again, treasury adds positions simultaneously I’ve held my own $ETH long for a week, no moves, no taking profits, no adding positions. The target at 3020 is set; we’ll deal with it when it gets there, if not, just wait. Waiting itself is much harder than frequent trading, but it’s also much more effective. The market can be very strong, but no one can guarantee it won’t suddenly crash. Before hitting 98,000, there might be a 5,000-point wick to clear out high-leverage positions first before going up. So I agree with not shorting, but don’t go all-in on leverage when going long, especially don’t chase and add positions during acceleration. If you don’t have a position, just wait—I completely agree with this. Waiting isn’t cowardice, it’s saving bullets. Chip stocks surged collectively last night, with Intel, Arm, Qualcomm, and Nvidia all following the rally. This surge is not just about computing power stories, but a comprehensive explosion in AI inference demand. Meta's newly launched AI Agent Muse quickly gained popularity, and the market suddenly realized that AI running on endpoints not only consumes GPUs but also drives demand for CPUs and server chips. AMD happens to be at this critical point, benefiting from these expectations. For the crypto community, this means the AI narrative continues to heat up. Those AI concept and computing power-related tokens will also be emotionally boosted. But folks need to understand that the core logic in crypto right now is not AI, but macro liquidity. Bitcoin is oscillating near the high of 87,000, and the Federal Reserve's rate hike pressure has not been fully lifted. No matter how strong the chip stocks rally, it doesn't mean the crypto market will directly follow. #AMD市值突破1万亿美元,芯片股集体大涨 Sideways movement doesn't wear you out, erratic moves do $BTC |Around 86000, volatility less than 1% since early morning $ETH |2750 $SOL |118 The whole market is waiting for direction. Those chasing altcoins, leveraging to bet on a breakout, or cutting losses early fearing a pullback all have their own anxieties. My approach is simple: hold spot firmly, keep three limit orders at 82500, 80000, and 78000; keep contracts empty, wait for a stable pullback near 80000 before considering action. Sideways is not risk, erratic moves are. The trend is bullish, but short-term it can't rise—let the market decide. If it breaks upward, have positions to benefit; if it pulls back, have orders to catch; in between, do nothing. The most costly action in trading is frequent operations; the most profitable skill is holding on and waiting. Don't stress over the five-minute chart, put down the screen, and do what you need to do. #BTC冲高$87000,加密总市值重返3万亿 #Strategy再度增持,财库同步加仓 #财报观察员:好市多Q4财报即将公布 Whale increased position, but the average price was actually pushed higher One address bought 15,000 $ETH today. Unit price was $2,751, spending about $41.26 million. How this number is calculated: It bought 37,000 coins two months ago at an average price of $1,923. Combined, the two purchases total 52,000 coins, with the average price pushed up to $2,161. Where the money came from: The last time was an OTC deal, buying 37,000 coins in one go. This time it’s still the same address, the same hand. Working backward, the $2,161 average price wasn’t chosen by it. It’s the average price resulting from its two purchases. The latter purchase was 40% more expensive than the former, so the average price went up. If it buys again, the average price will be even higher. This position increase raised the cost, it’s not dilution. #BTC冲高$87000,加密总市值重返3万亿 #ZEC巨鲸3.8万枚空单平仓,亏损超3500万美元 #美国加密税收与BTC储备法案获推进 $ETH 9.23 Wednesday BTC and ETH Strategy ETF single-day net inflow nearly 1 billion, the largest this year, with IBIT contributing 381 million. ETH open interest rose to 16 billion, exchange balance dropped to 14.8 million coins, indicating accumulation by whales. MVRV has risen above the 365-day moving average again, which historically appeared before two bull market starts. BTC rose 14.5% in 7 days, reaching a new high of 87395, but perpetual open interest reached 160 billion, showing leverage buildup. 86000 is a key watershed; holding above it targets 88000-90000, breaking below leads to a retest of 85000-84000. Operation Reference BTC: Buy on dips around 85000-85500 with a view to 87000-88000; a breakout targets 89000-90000. If 87000-88000 repeatedly fails to break, consider shorting with targets at 85500-85000. ETH: Buy on dips around 2720-2740 aiming for 2800-2840; a breakout targets 2900. If 2800-2840 faces clear resistance, consider shorting with targets at 2750-2700. Funds have returned, but leverage is also high, so volatility will only increase. Defend key levels and avoid chasing highs or panic selling. $BTC $ETH #BTC冲高$87000,加密总市值重返3万亿 $ZEC How many people were struggling with the 1600 threshold of ZEC yesterday? Some were lying in wait for a breakout, others shorting to bet on a pullback. Unexpectedly, the short whale directly accepted losses and exited, pushing the price straight up to 1600. But after the breakout, you need to be even more cautious of traps! $ZEC Basic market data Current price: 1620 24h change: +4.95% 24h range: 1446.07‑1653.59 24h volume: 71.0136 million U Key levels Intraday high resistance: 1653.59 Strength dividing line: 1600 level (resistance turned support) Short-term support: 1582 Next target: 1700 Defense bottom line: 1461 This rally comes from the short squeeze effect caused by the whale closing 38,000 short positions at a loss, not entirely from new external funds entering the market. Breaking through the threshold does not mean a stable hold. A valid hold requires a pullback to defend 1600 with increased volume, which then sets the condition to attack 1700. Breakout is only the first step; the pullback is the moment to test the authenticity of the trend. $ZEC #BTC冲高$87000,加密总市值重返3万亿 #ZEC巨鲸3.8万枚空单平仓,亏损超3500万美元