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Thick smoke has already sealed off the smoke-proof stairwell. Who gave you the courage to force your way against the wind during the fiercest part of the fire?
At 3 a.m., the alarm hasn't sounded yet, but the current thermal imaging of $SUI is already extremely dangerous. Many people treat touching the lower Bollinger Band as a golden opportunity to buy cheap, but in the eyes of firefighters, this is clearly a deadly trap inside a sealed building where oxygen is depleted and a "flashover" could happen at any moment.
Reviewing today's fire scene situation: the current price is capped around 1.0227 USDT, the 1-hour RSI has surged to 57.1, the upper Bollinger Band at 1.0548 has formed strong resistance, and the firebreak at the lower band 0.9977 could be breached at any time. Bulls think this is a pullback confirmation, but what I see are cracks in the load-bearing wall from the exhaustion of fire resistance limits. Without internal rescue life channels, blindly entering is just feeding the flames.
Always remember: the first rule of entering a fire scene is not to extinguish the fire, but to ensure a clear retreat path. Once the load-bearing structure is damaged, the most decisive action is to pull the safety rope and evacuate, not to take chances rescuing valuables from the ruins.
- Target: $SUI 🔴
- Entry: 1.0180 - 1.0330
- TP1: 0.9980
- TP2: 0.9750
- SL: 1.0580
The smoke exhaust ducts have completely failed, high-temperature gases are rapidly accumulating in the enclosed space, demolition tools are in place, preparing to prevent structural collapse.
#StrategyPlaybookApple and Google have both started recruiting people from the crypto space; stablecoins are really about to enter mainstream payments.
Apple and Google suddenly both began looking for people specializing in stablecoins and tokenized deposits. This is more worth watching than "who will issue stablecoins."
Apple is integrating this into Apple Pay's financial product strategy, while Google is directly focusing on stablecoin payments, RWA, custody, and institutional clients. One targets consumers, the other targets financial infrastructure.
This indicates that the market recognizes stablecoins may no longer be just a dollar substitute within the crypto world but are moving into payments, bank deposits, and global financial infrastructure.
Currently, the global stablecoin market size has exceeded $300 billion, and tokenized assets continue to hit new highs.
The race to recruit crypto talent can be seen as "Big Tech starting to sprint ahead," but the products are not yet launched. The real catalyst is—if entry points like Apple Pay and Google Cloud eventually connect to the blockchain, stablecoins will capture not just crypto money but traditional payment funds as well.
This calculation is just beginning.Here's a counterintuitive take: when BTC rises 5%, you should actually be afraid, not excited. It's currently at 85530, with resistance at 87374. If it can't break through, a pullback to 81275 would mean a 5000-point drop. I lost 200,000 U because I got excited and chased the rise. Now I'm trying a small 5000 U long position with a stop loss below 81275, planning to exit at 87374. The sharper the rise, the more you need to stay calm. $BTC #BTC冲高$87000，加密总市值重返3万亿 $FIL
① AI Agent Skills (Official announcement on 9/19, latest technological benefit): Filecoin released the first two official AI agent skills—enabling AI agents to publish verifiable outputs on-chain and store portable context across models/sessions. Concurrently, on 9/19 in New York, the RUNTIME hackathon focused on "agent persistent storage." This is a product move directly tied to the AI narrative—compared to AR's Realtime GraphQL which is still just main branch code, FIL has officially landed this.
② Unlocking supply on October 14–15 (the biggest supply-side benefit, a deterministic calendar event): The 6-year vesting period for Protocol Labs and the Foundation ends, cutting FIL's annual new supply from about 88.4 million to about 21.7 million, reducing total issuance by 75%, leaving only block rewards (about 2% of circulating supply per year). Simulations show that if demand cooperates, daily net supply could turn negative by the end of 2027, entering deflation. This date is less than a month away now—this is the core target for capital rush.
③ Solstice / FIP-0118 (Accepted in September, pending upgrade window): Block rewards are split into "consensus flow + service flow + burn flow"—if Filecoin Pay's quarterly settlement volume falls short, the service portion is directly burned; meanwhile, Fil+ manual datacap review is abolished, and new sectors default to 10x QAP. This mechanism design rigidly links "issuance" with "paid demand," with the market pricing according to the "FIL version of burning."Shorted at 0.010011 with 10x leverage, now at 0.00847, floating profit 153.93%. I'm betting that the 0.01 integer level won't be broken.
$ZORA has a small market cap and thin liquidity; above 0.01 is a typical integer resistance level. Previous rebounds were all pushed back here, and the buying pressure couldn't hold. Price isn't rising, volume is shrinking, and the funds chasing the highs are repeatedly exhausted, showing clear momentum exhaustion.
I placed a short at 0.010011 with a stop loss just above 0.0101, keeping the position size minimal. The logic is "betting it won't break through," not "betting it will crash."
Now it has dropped to 0.00847; watch the previous low support at 0.008. If it breaks, 0.0075 is beckoning; if it rebounds above 0.010011, the resistance is broken, and I will exit immediately without holding. $ZEC $OFC #BTC冲高$87000, total crypto market cap returns to 3 trillion Let's talk about the trading strategy for SNDK
The current trend of Sandisk
looks more like a large-scale sideways consolidation
oscillating between 1420 and 1810
A couple of days ago, when SNDK reached a high point again
I was watching to see if it could really break through
Later verification showed it was a false breakout
So for now, the outlook is bearish
On the smaller timeframe K-line momentum
the downward momentum is clearly stronger
which confirms the bearish view
Of course, it can't be ruled out
that it will oscillate between 1810 and 1746 at the high level
Market validation is needed later
If volume increases and it breaks below 1746
then the downtrend is confirmed
If it holds steady and rebounds
and simultaneously breaks above 1810 with volume
then a reanalysis is needed
Regardless of whether it consolidates at a high level
short-term shorting is not a big issue
The best buying opportunity has already been missed
I took a look
the risk-reward ratio is still okay
so I closed the position and entered
a short at 1776
stop loss at 1791
first take profit at 1746
the risk-reward ratio is also about 1:9
After reaching the take profit level, continue to observe
$SNDK
#OKX星球话题来啦 #Strategy increases holdings again, treasury simultaneously adds positions. Publicly listed companies are collectively hoarding coins! How should we operate in the market going forward?
Multiple overseas publicly listed companies are entering the market with real money to buy up assets
▪️Strategy added 950 BTC, total holdings now 846,000 BTC
▪️Strive increased holdings by 1,355 BTC
▪️BitMine made a large purchase of 27,562 ETH, most of which are locked and staked, reducing circulating supply
It can be seen that
1. Institutions have begun to accumulate spot assets in batches at low prices.
But the key point now is not just buying once, but whether they can continue to add positions.
2. This short-term rally is partly driven by short positions being closed.
If corporate funds and ETF capital continue to flow in, and tokens remain locked, the market will have the confidence to keep rising.
3. Altcoins have not yet fully exploded; funds are prioritizing the two main lines, BTC and ETH.
Response strategy
1. Spot: Focus on the two main mainstream coins, avoid blindly chasing small-cap altcoins. Institutional funds prioritize Bitcoin and Ethereum.
2. Contracts: Avoid aggressively chasing longs at high levels. Wait for pullback support levels to stabilize before considering buying the dip.
3. Key signals to watch: Whether publicly listed companies continue to add positions in the coming week, and ETF capital inflow data. Once buying momentum slows, the market is likely to enter a period of consolidation and correction. $BTC #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 $BTC $ETH Big Brother Maji (Hyperliquid On-Chain Monitoring)
In the early morning, BTC surged to 87374 and ETH to 2806. During this pulse peak, no on-chain records were detected of him actively taking profits, reducing positions, or closing out. The number of long positions held in ETH, BTC, and HYPE basically maintained their original scale, with no large-scale liquidation actions.
The community expected him to pocket part of the tens of millions in unrealized gains after the surge, but based on past trading habits, he rarely takes profits actively during an uptrend. He prefers to hold through the entire trend, using unrealized gains to roll positions, continuing to use the paper profits as margin without withdrawing earnings to exit.
After the price surged and then pulled back, the peak unrealized profit on the books was about 16.3 million USD, falling back to the current 15.12 million USD. This was not caused by active position reduction, but simply by price correction shrinking unrealized gains; the position size did not decrease.
Additional historical behavior reference: During previous price surges, only small adjustments of minor HYPE positions occurred; core large positions in BTC and ETH rarely took profits or closed positions actively; mostly only when the market sharply dropped near liquidation lines was forced liquidation done as a last resort to avoid risk.
Risk reminder: Hyperliquid on-chain data has a delay of several minutes; he can manually close positions at any time, and monitoring tools will display with delay; unrealized profits on the books do not equal realized profits. $ETH This surge in ETH is a slap in the face to the shorts!
Brothers, yesterday I said as long as BTC doesn't crash, ETH will follow sooner or later. Yesterday, ETH's performance was indeed weaker than BTC and SOL, but that surge at 4 AM straight to 2800 clearly told the shorts: don't think I can't go up just because I'm moving weakly.
Now it's pulling back to around 2730, with a key focus on 2710. If it breaks below that effectively, it might drop below 2700 today; if it holds, it could ramp up with volume at any time.
On-chain data is even more interesting:
Yesterday, spot inflows hit a two-month high, with large funds still continuously entering. Over 43 million ETH are locked in staking, accounting for 35% of the circulating supply. The queue to stake is more than 13 times the queue to exit. What does this mean? Those wanting to dump have no coins in hand. This is the confidence behind the shallow dip.
Kuan Ge thinks this is a correction phase now. For those wanting to go long, focus on whether 2710 can hold; if it does, then consider it. For those wanting to short, I advise caution—don't go against the big money. #BTC冲高$87000，加密总市值重返3万亿 $PEPE Current price 0.000005038, 24-hour +25.85%, turnover $80.56 million, the coin with the largest volume on today's gainer list. Technicals: Both the 1-hour and daily charts are in a bullish alignment. 1-hour RSI 63, daily RSI 77.2. 7-day range 0.000000327 to 0.0000005357, current price at 84.7%, about 6% above the 7-day high. 1-hour moving average below 5.3%, daily support above 40%. ATR 4.6%, volume amplification 3.92x. On-chain dynamics: PEPE is ERC-20 on Ethereum, with a total supply of 420,689,899,645,077 tokens (about 420.69 trillion). The key fact is: this supply has not changed since deployment; the contract has not issued an additional function, nor has the team reserved it or planned to unlock it. This means two things. First, PEPE does not face the risk of "unlocking and dumping"; all tokens have been in the market since day one; Second, the price is entirely driven by sentiment and capital, with no fundamental anchors. A supply of 420 trillion means it can never tell a story based on scarcity. Interpretation: The 1-hour RSI of 63 is relatively moderate among gainers, while the daily 77.2 is hot—there is room in the short term, and mid-term is already at a high level. Today's 26% increase is due to 3.92 times the volume of energyThinking back to when I lost 200,000 U, it was during a similar rapid surge. I chased longs at 85,000, but the next day it pulled back to 81,000. I held for three days and ended up selling at the lowest point. Now BTC is at 85,530 again, and I’m not chasing. I’m holding a small position of 5,000 U with a stop loss set below support at 81,275. I’ll reduce my position at the resistance level of 87,374 first. I won’t fall into the same trap twice. The lesson learned from losing 200,000 U: don’t chase rapid surges and always use a stop loss. $BTC #BTC冲高$87000，加密总市值重返3万亿 $ZEC $BTC BTC‑OG insider whale Garrett Jin ZEC spot holding information
On-chain tracing + disclosed by himself: On 2025-12-20, he withdrew a total of 202,080 ZEC from Binance in two transactions, accounting for about 1% of the total circulating supply of ZEC, with a cost basis of approximately $88.3 million. The current price is around 1550, and the book market value of this batch of spot holdings is about $313 million.
Previously, he opened about 38,000 ZEC contract short positions on Hyperliquid, which the market generally interpreted as spot hedging protection rather than naked shorts; subsequently, all these short positions have been fully closed, realizing an actual loss of about $36.13 million. Currently, only a huge amount of spot holdings remain, without corresponding hedging short positions.
Market impact (industry perspective)
1. 200,000 ZEC represents a huge reserve of selling pressure. As long as it is deposited to exchanges, the market will immediately panic about large holders wanting to sell, which can easily suppress the market; if transferred to privacy shielded addresses, external parties cannot monitor transfer movements, and increases or decreases in holdings are completely undisclosed.
2. ZEC itself has thin order books and poor depth. At this stage, this whale is the biggest variable: if the holdings remain locked, upward resistance is small; once partially liquidated, the price will experience sharp declines.
3. Market controversy: some traders believe that his previous high-profile withdrawal records may also be a deliberate release of information to manipulate market sentiment.
Note: ZEC has privacy shielded addresses, so funds can be completely concealed; only the initial withdrawal records can be confirmed, and spot holdings cannot be 100% confirmed. When Bitcoin ($BTC) stabilizes after a strong rise, trading funds tend to start looking for assets with higher volatility and greater resilience. Currently, I focus on three signals: 📈 SOL momentum continues to strengthen 📊, volume increases simultaneously ₿ BTC remains stable with no obvious pullback. If all three conditions occur simultaneously, SOL's capital attention may increase further. But if only price rises and trading volume fails to keep up, or BTC experiences sharp fluctuations again, patience and confirmation may be more important than chasing the rally. 🔥 BTC stabilizes → SOL volume increases → momentum continues. Next, focus on whether funds truly start spreading toward high-beta assets. Don't chase FOMO; wait for volume and price confirmation.The bearish trend is still spreading, and the more sideways it moves after a rally, the more dangerous it becomes for profit-taking outflows.
$BTC remains hovering around 85600 with slight fluctuations, the lowest price dipping to 85260. Currently, trading volume is continuously shrinking, MACD forms a death cross below the zero line, and the short-term upward momentum has clearly been exhausted. Several short-term EMAs are slowly converging, with EMA5 and EMA10 gradually approaching the 21-day moving average, a typical consolidation narrowing pattern. Neither bulls nor bears have established a clear direction yet. The resistance near 86000 has been tested multiple times; every rebound to this level gets pushed down. The immediate support to watch is 83200.
$ETH has lost the 2750 support level, fully opening the bearish trend. In the short term, it depends on whether the 2720 support can hold to continue the upward trend.
$DOGE went crazy today. While $BTC and $ETH are consolidating and recovering, DOGE is unaffected, showing an independent trend. The price surged 8 points from 0.098 to a new high of 0.106 in this rally. Currently, the price has started to pull back from the peak and is expected to decline to the original support level influenced by $BTC and $ETH, then continue to consolidate.
The above is just my personal market insight and does not constitute any trading advice After the SEC's innovative exemption was implemented, the market's first reaction was to chase UNI. But today I want to talk about a detail that is easily overlooked: the stocks allowed on-chain must be real equity shares, and holders must retain dividend and voting rights. Synthetic price tokens are not on the same track, and listed companies can even refuse to allow their stocks into related venues.
This raises the threshold for "tokenized stocks."
In the future, when evaluating an on-chain stock project, you can't just look at the code, trading volume, and 24-hour transactions; you also need to ask who issues the assets, how the shareholder register corresponds, how company actions are synchronized, and who has the final say when on-chain records conflict with legal ownership. Many past products only tracked stock prices, but now regulators require them to be closer to real stocks.
This is certainly good for the industry, at least removing a layer of self-deception. But it also means the implementation speed may be slower than the market expects. On-chain transactions can be completed in seconds, but legal, custody, and corporate governance cannot be upgraded in seconds. UNI's rise reflects that the gateway has been opened, but how many assets will actually go in depends on whether issuers are willing to cooperate.
#SEC代币化股票创新豁免落地，UNI盘中涨超21% Ethereum L2s earn millions. But how much of that does Ethereum get?
Ethereum is gradually becoming the base layer of security and settlement for a large number of L2 networks.
But a paradox arises: the more economic activity moves to L2, the larger the share of revenue remains directly within those networks, while Ethereum receives a relatively small amount for data publication and settlement.
According to Growthepie data, Ethereum ecosystem revenues are largely concentrated in a few major networks.
At the same time, L2 costs on Ethereum can be negligible compared to their own revenue.
A telling example is Robinhood Chain. On September 4, its daily revenue, according to the data provided, reached about $8.36 million, while on the same day, fees paid to Ethereum were approximately $722.
After EIP-4844, the situation became even more interesting. Blob space significantly reduced the cost of data publication for L2.
For the Rollups themselves, this is positive: lower costs mean higher margins. But for Ethereum, this raises questions about value capture — to what extent the growth of the L2 economy translates into economic value for ETH.
According to estimates, the profitability of some large L2s approaches 100%.
This means Ethereum effectively provides them with very cheap security and finality infrastructure, while the main share of revenue remains at the execution layer.
This does not mean that L2s harm Ethereum. On the contrary, their growth strengthens Ethereum's role as the base settlement layer and creates a network effect around its infrastructure.
But a strategic question arises: is the network effect alone enough if L2 economic activity barely converts into base layer revenue?
One possible path is increasing demand for Blob space as L2 scales. Another is mechanisms that more strongly link L2 payments to their economic scale.
Therefore, the main discussion around Ethereum today is not "L1 versus L2."
It is about something else: how to scale $ETH Ethereum as a global settlement layer while ensuring that L2 growth creates sufficient economic value for ETH.#BTC surged to $87000, crypto total market cap returns to 3 trillion
$BTC touched 87399, $ETH broke 2800, after bottoming out it finally hit a new stage high. Shorts liquidated 750 million in 24 hours, greed index at 78, KOL Yongzhuan started calling for 150,000.
But the most worth pondering is not the rise, but its almost no reaction to negative news. Interest rate hikes landed, the "Clear Act" failed, two negative hits came down, BTC only dropped to 75000 then pulled back. Those who wanted to sell have already sold, negative news not causing a drop is itself the biggest positive.
Who is buying? ETF net inflow was nearly 600 million last week, but money is basically concentrated in BlackRock IBIT, other products are still bleeding. Institutions are buying, but not to the point of "full-scale buying spree".
Another force is corporate treasuries. Strategy bought another 950 BTC, BitMine bought 27,562 ETH, among which 5.07 million have already been staked. Listed companies are buying for retail investors, but BTC treasuries and ETH treasuries are really different.
BTC treasuries just hoard coins waiting for price rises, money relies on financing, coins do not generate yield. Strive buys BTC relying on preferred shares with 13% annual dividend, can convert when price rises, but once coin price falls below financing cost line, today's buy orders become tomorrow's selling pressure.
ETH treasuries have an additional self-sustaining ability. BitMine staking those 5.07 million ETH yields about 2.62% annualized, can earn 357 million USD per year. Also, ETH exchange balances have dropped to a five-year low, about 34% of circulating supply is locked in staking. The supply side is the hardest for ETH.
But don't mistake news for trend. The current focus is Trump meeting Gulf countries to discuss next steps on Iran. Core demands on both sides remain unchanged, Israel won't quietly watch either. Short-term "stage achievements" can act as emotional catalysts, but real easing is SEC "innovation exemption" and oil price falling from 106, these are structural, the meeting is only "possible".
Technically, after a big bullish candle, a 2000-point pullback, daily K-line bullish structure intact, but 4-hour and 1-hour charts show pullback demand. Don't chase shorts, don't be aggressively long, BTC dips to 84500/82600 for low longs, ETH participates around 2680/2620.
Supply is shrinking, sentiment is maxed out, but two variables can't be taken as facts—ETF comprehensiveness, US-Iran substantive progress. The real hard facts are ETH locked supply and SEC easing, the real risk is treasury financing positions. AI agents no longer need cards to buy data, $ADA just got connected
Cardano has entered the x402 official suite, AI agents can directly pay with $ADA.
Key rule: 402 was originally an idle error code.
Now the service side returns the price, the agent signs, verifies, and obtains the data.
The catch is this: members include Visa, Mastercard, Stripe, Google, Amazon.
Solana and $XRP have long been inside, Cardano is the latecomer.
Even more absurd, the facilitator only completed one transaction on the pre-production network.
The mainnet is not live, and no large-scale commercial scenarios have been demonstrated.
Market makers look at this kind of news focusing on one thing: who will take delivery.
The narrative leads, liquidity hasn’t arrived, prices are just pushed forward by the news.
So is this wave really Cardano catching the train, or is agent payment about to explode?
#Strategy再度增持，财库同步加仓 $ADA $XRP Crypto just had a major expansion move. BTC pushed above $86K while ETH, SOL and XRP followed higher. Now comes the harder part: Holding the gains. I'm watching three things: 1️⃣ BTC holds the reclaimed breakout zone 2️⃣ ETH maintains the $2.7K area 3️⃣ SOL/XRP continue participating without giving back the entire move If that happens, momentum has room to develop. If not, today's green candles can become tomorrow's liquidity. The trade isn't “buy because it's green.” The trade is waiting for pr$USELESS In the past 12 hours, USELESS has seen two opposite directions. Price: Current price 0.26295, 24 hours +5.96%, turnover $5.8 million—2.6 times higher than yesterday's $2.2 million. But today, the high was 0.31012, and the current price has already fallen 15.2% from that high. There was a spike during the day, then it was sold back. On-chain: 6.52 million tokens are entering exchanges. —— 1. What Exactly Happened On-Chain: The on-chain monitoring engine caught key moves twice: Gate's USELESS inventory increased by 3,792,217 tokens, from 57.24 million to 61.03 million. Kraken's inventory increased by 2,736,387 tokens, from 44.86 million to 47.53 million. The two companies collectively moved 6.52 million tokens from other on-chain addresses into exchanges. At the same time, the current largest holder, GSAEQ, increased holdings by 183,718 tokens in reverse mode, raising total holdings to 74.53 million tokens, accounting for 7.46% of supply. Meanwhile, the retail investor segment (the combined holdings outside the top 20) barely moved, slightly dropping from 512.13 million tokens to 512.06 million tokens—retail investors did not exit en masse. 2. When the three data points are put together, it is a standoff, not a one-sided signal. First,The AI sector rose 9.66% in 24 hours, and TAO surged 18.97%.
Looks pretty strong, right?
But when I put a few numbers together, I can't help but laugh a little: BTC up 5.31%, MEME up 11.08%, AI up 9.66%, and then DEFI.ssi only up 0.01%.
0.01%.
That's not a rise, that's basically standing still.
So this wave of money hasn't gone into on-chain applications at all; it's all crowded into the most seductive narratives. AI, MEME—each better at storytelling than the last, neither needing real cash flow. The DEFI sector, which requires real costs and transactions, doesn't even get a glance from investors.
I've chased this kind of broad rally before, seeing a screen full of green and thinking spring had arrived, only to rush in and realize I was catching the last baton. The ones that rise the most fiercely often burn out first because it's all emotion inside, with no real support.
This rally isn't about value; it's about imagination.
When imagination recedes, it's a race to see who runs fastest.
#BTC冲高$87000，加密总市值重返3万亿
#美国加密税收与BTC储备法案获推进 #AI降速争议未退，算力投入继续加码 $TAO $BTC From the 75,000-78,000$ range at the beginning of the week, the price broke up to capture the thick liquidity cluster around 81,000$, then continued to swallow the 84,000$ cluster to reach the current 87,000$. Each breakout from a bright zone is a clear price jump. The thickest remaining liquidity cluster is right around 84,000$, now acting as new support after being captured, while above 87,000$ is almost empty, so if it breaks further, the path to 90,000$ is quite clear.
Do you think the price will rest and accumulate around 84,000-87,000$ first, or continue to push through?
$BTC Bitcoin just broke through the levels bears were defending and pushed above $86K. That move triggered another wave of forced short covering, adding fuel to the upside. But here's the key: A short squeeze can create the breakout. Spot demand has to sustain it. That's why I'm watching: $BTC → $85K–$86K $ETH → $2.7K $SOL → $115 $XRP → $1.45+ If these areas turn into support instead of resistance, the structure becomes much more interesting. No need to predict the next candle. Let the market confirmCorporate treasuries are buying again, but the signal is broader than any single balance sheet. Strategy added 950 BTC, Strive 1,355 BTC, and BitMine 27,562 ETH; about 5.07M of BitMine's nearly 5.98M ETH is staked.
My read: persistence matters more than headline size. If treasury demand continues alongside ETF inflows as prices rise, tradable supply could tighten gradually.
#CryptoTreasuriesBuy #BTC surged to $87000, total crypto market cap returns to 3 trillion
$87,400 met resistance and pulled back: Is this rebound a real breakout or a leveraged squeeze?
The market seems to be boiling. BTC peaked at $87,400, the total crypto market cap across the network returned to the 3 trillion mark, and the spot ETF recorded nearly $600 million in net inflows again after two consecutive days. But the rapid pullback after the surge has exposed the market's divergence.
Many think this is the return of a spot bull market, but analyzing the microstructure of the market, the core catalyst for this rise is actually a violent short squeeze. After breaking through $82,000 and clearing massive shorts, the total open interest in futures contracts across the network paradoxically increased by $2 billion.
The increase in open interest after liquidations indicates a large amount of new speculative leverage is eagerly entering the market at high levels to chase the rally. However, leverage is always a double-edged sword. To absorb the dense profit-taking above $87,000, relying solely on this borrowed $2 billion in leverage is untenable.
If subsequent spot and ETF net inflows cannot maintain high intensity, these leveraged longs chasing at high levels are very likely to become perfect fuel for the next long-liquidation cascade. Whether the market can sustain depends on two points: whether ETFs can continue to provide real capital support, and whether this new batch of leverage will loosen at the top.
Until sustained spot buying is seen, don't mistake an emotional short squeeze for a free pass to blindly chase highs. Do you think this surge and pullback is a buildup before breaking $90,000, or a new round of leveraged bull trap?Mid-term Intelligence Brother's latest market analysis!
📊 Edited on September 21 at 19:45
[First and second manual chase orders] have all been completed.
Final result: current position is about 1/8 of my planned total.
[Third manual chase order]
Entry point: $BTC pullback to 82300 or another point!
Time: For the former, chase depending on the situation when reached; for the latter, most likely next Monday
Quantity: double the position. That is, 1/4 of the planned total.
After the layout is completed:
Around 93700, there may be resistance. I will consider taking profits near there.
Everything depends on the operation.
Previously, it was said that 93700 is most likely the high point this year, and higher levels would have to wait until next year. This view is becoming less likely.
Still, a reminder: for mid-term long positions, the liquidation price must be less than 70600.
Regarding news and various black swan and white swan events, there is still a possibility of a sudden spike down to 70600.
This year, you must be fully prepared for this possibility.
The chance of breaking below 70600 is extremely small.
Note, I am not saying to buy the dip at 70600, but to prevent a spike to 70600 that would liquidate your position.
Do not open orders for this, but be prepared to guard against it!
Additionally, $MSTR, MicroStrategy, is a good entry.
I have already started an automatic order placement script.
$ETH
#BTC冲高$87000，加密总市值重返3万亿 BTC 14 hours, 4 liquidations, 375 BTC short positions completely wiped out.
The whale at address 0xc3ed, who was heavily leveraged shorting BTC naked during this rally, was liquidated in batches, with a single largest loss exceeding 20 million USD.
Key point: It was not a one-time liquidation but a continuous holding of positions, being harvested segment by segment by the market.
This is the most common outcome in the leverage market—going against the trend and holding positions; no matter how large the capital, it cannot withstand the power of the trend.
Always remember: whales can also make rookie mistakes, and having large capital does not mean correct judgment. $BTC #BTC冲高$87000，加密总市值重返3万亿 Don't just focus on ZEC; this is a sector-wide rally for privacy coins.
$ZEC is one of the few coins in the market to have recovered last October's high, but essentially, it's not the only one rising.
The privacy sector is undergoing a comprehensive revaluation.
The sector's overall increase in the past 30 days is close to 90%, and even excluding ZEC, the rise is still 85%. Among 25 large-cap coins, only ZEC, XMR, HYPE, and WBT have recovered the highs from early last October, with XMR having doubled to surpass 600.
After two years of silence in the privacy narrative, capital is re-pricing it.
There are also fundamental catalysts: on September 15, a community vote will shorten the block time from 75 seconds to 25 seconds, Paradigm co-founder publicly endorses it; the project team actively clarifies counterfeit ZRC-20 assets to protect the project's reputation.
Technically, today's slight pullback is a phase of breathing after continuous gains. The MA7 moving average at 1450 forms support, RSI has fallen to 71.7, the heat has slightly cooled but remains in a relatively hot zone.
A reminder on operations: don't rush to bottom-fish on the pullback; 1400-1420 is the first observation zone for support; if it breaks below 1280, be cautious of a retreat risk in this sentiment-driven rally. Sentiment rallies come fast and go fast, so positions should not be too heavy.
$ZECIn a bear market, the fear is total loss; in a bull market, the fear is missing out.
This sentence probably hits the pain point of most people.
#BTC冲高$87000，加密总市值重返3万亿
Currently, market sentiment is indeed changing. The US spot Bitcoin ETF saw a combined inflow of about $593 million over the past two trading days, signaling a clear return of funds; BTC briefly touched above $87,000 before retreating to around $85,500 for consolidation, with a 24-hour gain still around 5%. Funds are starting to spill over into mainstream altcoins like ETH, SOL, and SUI, with rotation accelerating.
But most people still follow the same script:
They don’t dare to buy when prices fall, think it’s expensive after a 10% rise, start chasing after a 30% rise, fantasize about doubling after a 50% rise, and finally cut losses at the next pullback.
A bull market isn’t about who buys at the lowest price, but who can endure volatility and control emotions.
My principle has always been unchanged: hold the main position to capture the trend, participate lightly in hot spots; don’t get excited over a single bullish candle, nor deny the direction because of a single bearish candle.
Opportunities come every day, but bullets don’t.
Keeping some position and patience is much more important than going all in.
If you could only pick one to hold long-term this round, BTC, ETH, SOL, SUI, or OKB?
BTC: Around $85,500, +5.2% in 24 hours, intraday high reached $87,381, a 33-week high. ETF fund inflows are the core driver, with Fidelity’s FBTC net inflow of $310 million in one day, surpassing BlackRock’s IBIT. The daily RSI is approaching 70, indicating short-term overbought pressure, but the 50-week EMA (around $77,800) has been reclaimed, and the mid-term structure remains intact.
ETH: Around $2,750, about +2.2% in 24 hours. It briefly broke above $2,800 intraday, with a high near $2,807. Gains lag behind BTC, but signs of continued institutional buying remain, making it a potential catch-up candidate.
SOL: Around $116, +4.4% in 24 hours, touched $118 intraday, a three-month high. The past seven days saw about a 15% gain, monthly gain about 26%, the strongest among the top five mainstream assets. Notably, ETF inflows have clearly slowed, accounting for only 0.02%–0.09% of market cap this week. This rally is more driven by short squeeze and trading volume, with SOL’s turnover rate three times that of BTC.
SUI: Around $1.06, +12.7% in 24 hours, a near three-month high. RSI reading at 81.8 shows clear short-term overbought signals, and the upper Bollinger Band has been breached. The upcoming Basecamp upgrade is a recent catalyst, but chasing highs requires extra caution.
OKB: Briefly broke $122, up over 5.5% intraday. As a platform token, its movement is more correlated with OKX ecosystem activity, showing stronger elasticity and independence than typical altcoins, but liquidity depth is less than the top four assets.
If you can only choose one, BTC remains the most certain base holding. A joint report by Glassnode and Bybit shows Bitcoin has risen 28% cumulatively over the past two years, while the median return of mid-cap altcoins has dropped 74%. Institutional funds’ absolute main force remains BTC spot ETFs—with a cumulative net inflow of about $55.2 billion, far exceeding ETH’s $13.1 billion and SOL’s less than $30 million. This doesn’t mean altcoins have no chance, but holding BTC as the main position to withstand volatility and using light positions for hot spots to capture elasticity is a safer way to navigate this round of structural divergence.
$BTC $ETH $OKB
#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 ETH touched 2808 before turning down to 2720, with BTC simultaneously retreating from 87399 to 85400. This upward move includes a trend recovery component, but the short-term rebound was pushed too quickly by short covering, and genuine buying near 2800 did not follow through, leading to profit-taking and a pullback.
2720 is the last turnover zone before this acceleration phase. If it holds and recovers 2768, it would indicate a washout of leveraged chasing, and the subsequent move could still challenge 2800-2808; if the 15-minute volume breaks below 2720, the rebound structure weakens, with support levels to watch at 2695 and 2644.
In terms of trading, it is not advisable to short directly at 2720, as the first drop is prone to a rebound; nor should one rush to go long due to the sharp decline. Consider following the trend after standing back above 2768, or look to short again if 2695 is lost and the rebound lacks strength. The real risk is not the direction, but shorting at support or going long at resistance.
$BTC $ETH
#BTC冲高$87000，加密总市值重返3万亿
#ETH强势拉升，空头清算超11亿美元
#Strategy再度增持，财库同步加仓 Setting sail again! The big player pocketed over one million dollars from long positions yesterday and is now gearing up to open large long positions on BTC and ETH again. How far can he go this time?
Looks like he's trapped by this crazy coin ONE, losing $100,000!
$ONE ｜1x full position short
Entry 0.003396｜Mark 0.005228
Holding 57.4 million tokens, floating loss of 105,000 U. With 1x leverage, the manipulative whale dragged it down 53% loss. The $300,000 margin is still there, no liquidation yet, but basically a dead end, only time can wear it out.
$BTC ｜50x full position long
Entry 85624.5｜Mark 85576.4
Holding 50 BTC, floating loss of 2400 U. Just closed and took profit, but couldn't resist chasing longs again at 85,000, running into a pullback.
$ETH ｜30x full position long
Entry 2733｜Mark 2731
Holding 3423 ETH, floating loss of 4816 U. Same script as Bitcoin, took profit at 2610 then chased back at 2733, the itchy hands are real.
Large positions follow the trend, small positions short the crazy coin for fun. The longs chased at high levels can offset ONE's hole with even a slight rebound in the market. But if it hits resistance at 85,000 and pulls back hard, the profit loss will hurt. Profit and loss come from the same source, all depends on the market's mood.
#交易之声：你的经验值得被听到
#波动雷达：币种异动观察 ZEC is indeed a bit frustrating right now, with narrowing volatility and unclear direction, both bulls and bears are watching cautiously. But I still choose to hold onto my short positions — this rally from the bottom has multiplied dozens of times, driven by the ETF + short squeeze + narrative trifecta, not because the fundamentals are really that strong.
Whale Garrett Jin is already facing nearly 30 million in unrealized losses but is still adding to his position and topping up margin, indicating that big money also believes this level will eventually have to be paid back. High RSI, positive funding rates, overheated derivatives leverage — all these signals point to one thing: sentiment is already overextended.
Hold on, wait for the moment it runs out of breath, then collect the profits! #ZEC刷新历史新高，NU7升级预期受关注
$ZEC $ETH $BTC A short-seller just declared war on $BTC in public, vowing to keep adding to a losing position and average down until the rally breaks. The tell isn't the bravado. It's the stated thesis: the trader is betting this advance cannot hold through October because a Fed rate hike still hangs overhead and liquidity tightening hasn't finished working through the system. That is a positioning clue worth unpacking. When someone openly admits they are short and plan to add, they are describing a crowded siZEC High-Level Divergence: Genuine Demand or Token Rotation?
According to OKX market data, $ZEC is currently priced at $1,460.50, down 4.49% in 24 hours, while BTC has rebounded; ZEC, however, has retreated against the trend.
With a gain exceeding 2,500% over the past year, profit-taking is unsurprising. The key is whether new demand can absorb the high-level tokens.
The latest Zcash NFT auction received bids totaling 25,305 ZEC, approximately $36.94 million, but the actual transaction volume was only 12,000 ZEC.
Aurora routed over $19 million for the auction, but ZachXBT questioned the project's purpose and the whereabouts of about $17 million after refunds.
This proves that privacy payments can handle large cross-chain demands but does not prove that demand will continue to flow into ZEC.
Garrett Jin holds about 202,000 ZEC spot, valued at $320 million at disclosure, while hedging with 38,000 ZEC short positions; the shorts ultimately closed at a loss of $36.13 million.
On September 28, ZCSH implemented a 1-for-3 split, which only lowers the price per share without increasing fund assets or direct buying.
NU7 plans to reduce block time from 75 seconds to 25 seconds, targeting a mainnet launch on November 5, considered a mid-term catalyst.
In the short term, watch if $1,444 can hold; a break below indicates high-level tokens are still being released.
Only after volume picks up and stabilizes above $1,530 will there be another attempt at $1,572; wait for spot and structural stabilization before taking long positions on contracts during weak pullbacks.Crypto Surge Amid Geopolitical Games: A Rational View on Trump's Gulf Meeting
$BTC powerfully breaks through 87000, $ETH stands above 2800, and the total crypto market cap returns to 3 trillion. After bottoming out, the shorts are bloodied again, the greed index soars to 78, bullish sentiment reignites, and $150,000 price calls are nonstop.
However, the real eye of the storm is not in the candlesticks but in the upcoming meeting between Trump and the six Gulf countries. The agenda directly targets Iran, which could be a key turning point in the Middle East situation.
Can the US and Iran reach a consensus? I remain cautious. The core demands show no signs of softening, and Israel certainly will not sit idly by if US-Iran relations ease—Netanyahu’s silence often signals bigger moves. The so-called "phased achievements" are most likely just emotional catalysts, not trend drivers.
This round of crypto market rally fundamentally still depends on long-term macro stability. Geopolitical news can ignite short-term sentiment but cannot sustain a prolonged bull market. Don’t mistake expectations for facts, don’t treat news as trends. Real market moves are always built on certainty, not handshake illusions at the negotiation table.
Fear in greed, calm in the noise. If the bull market comes, missing this leg won’t matter; if it’s just an illusion, chasing highs is a deep abyss. #BTC冲高$87000，加密总市值重返3万亿 #特朗普将会晤海湾六国，伊朗局势迎关键节点 #Strategy再度增持，财库同步加仓 The market has returned to a new stage high; don't let the bull market narrative cloud your judgment
BTC, ETH, and $DOGE are all strengthening together, with BTC holding above 87,000 and ETH breaking through 2,800, both refreshing their stage highs.
For a moment, the call for a bull market is rising, and many KOLs are shouting a BTC target of 150,000 USD. Setting aside whether this target can be realized, there is a variable worth watching right now.
Market attention is focused on the meeting between Trump and the Gulf countries, with the core of the game being whether the US and Iran can reach a consensus.
Even if the Gulf side signals concessions, it is not easy to satisfy both US and Iran demands simultaneously. The core demands of both sides have not shown substantial relaxation, and I personally remain cautious about this.
Additionally, the Israel factor cannot be ignored.
Long-term market uptrends rely on a continuously stable macro environment; even if short-term geopolitical negotiations bring phased positive news, it is likely only an emotional booster and unlikely to form a long-term driver.
$BTC $ETH $DOGE$BTC short sellers got squeezed. BTC touched 87000, and the total crypto market cap climbed back above 3 trillion.
Last week, when it was still stuck around 75000, the timeline was full of "bear market not over". Now the price surged overnight, and people are starting to ask if the bull market is back. That's how the market is—getting slapped in the face happens faster than reading research reports.
This move looks more like a short-term short squeeze rather than a fundamental shift.
Within 24 hours, hundreds of millions of dollars in short positions were liquidated, US stock spot ETF funds flowed back, Strategy bought nearly a thousand bitcoins again, and spot buying combined with forced short covering pushed the price up in one go. ETH surpassed 2700, SOL returned to 118, and high-beta tokens like ZEC and HYPE are also partying hard.
Hot as it is, the structure hasn't changed. BTC is still about 30% away from last October's high of 126,000, and it has barely made money this year. The 3 trillion figure sounds impressive, but it's just climbing out of a deep pit back to a key psychological level, not the starting gun of a new cycle. When prices rise, it's easiest to mistake a "rebound" for a "main rally" and to load up positions at peak sentiment.
Next, don't listen to anyone shouting 90000 or 100000. First, see if 85000 holds, if funds keep flowing in, and if you still have bullets left. By the way, being able to hold through a phase and survive a mistake—that's real trading. Leave slogans to the timeline, and position sizing to yourself. Don't mistake one short squeeze for having already won this round. #BTC冲高$87000，加密总市值重返3万亿 Bitcoin broke through $87,000 intraday last night, reaching a new high since January this year; the total cryptocurrency market capitalization simultaneously returned above $3 trillion. This is not an isolated day’s movement but the result of short liquidations, spot demand, and risk appetite resonating together.
Last week, BTC was repeatedly testing around $75,000 with bearish market sentiment. Then, the US spot Bitcoin ETF saw a significant net inflow again, companies like Strategy continued to increase their treasury holdings, combined with intensive short liquidations in the futures market, pushing the price up to the $87,000 level.
BTC market cap returned above $1.7 trillion. Ethereum stood above $2,700, Solana returned near $118, and high-volatility assets like ZEC and HYPE strengthened simultaneously. Excluding Bitcoin, the altcoin market cap rose over 13% in the past week, with funds starting to spread out from BTC.
The current price is still about 30% below the October 2025 peak of approximately $126,000, nearly flat for the year. The $3 trillion is only a phase recovery, not confirmation of a new bull market. The market also easily reached higher valuations at the end of 2025 before undergoing a prolonged correction.
The real watershed lies in whether the $85,000–$87,000 range can turn from resistance into support, whether ETFs can maintain continuous net inflows, and whether macro risk appetite will shift again.
For traders, position sizing and timing are more important than shouting targets. The rebound phase is the easiest to chase with leverage and also the easiest to give profits back. Survive first, then talk about the next step. #BTC冲高$87000，加密总市值重返3万亿 $PHA current price 0.0524, 24h +32.32%, trading volume 32.3M USDT, is the one with the largest volume and moderate increase among the three candidates. But looking at the structure separately: MA5=0.05268 is still below MA20=0.05326, the moving averages have not yet formed a golden cross; RSI 56.8 is not overbought, MACD histogram -0.0003792 is still in the bearish zone, Bollinger upper band 0.0608827 is about 16% above the current price. Compared to $MUBARAK's RSI 85.5 and funding rate +0.0175%, PHA's RSI is lower and funding rate only +0.0050%, belonging to the type of "not crazily rising, not crowded leverage" within the same sector; compared to $SAGA's MACD also bearish and amplitude only 24.5%, PHA's 30 K-line amplitude of 55.81% indicates significantly stronger volatility elasticity. The fear and greed index at 78 is in extreme greed, so chasing highs carries objective risk, but PHA has not entered the overheating zone, and a pullback near the Bollinger middle band is a relatively reasonable entry point.
The direction is bullish, the logic being leading volume + indicators not overheated + moderate funding rate, belonging to a catch-up structure rather than a terminal acceleration.ZEC Shocking Liquidation Event: Whale Loses $35 Million on Short Positions, There's More Behind It
$ZEC whale-related address liquidated 38,000 short positions in one go, with a book loss exceeding $35 million.
Within 1.5 hours, large market buy orders directly pushed the coin price from 1490 to 1530.
But many overlook the key point:
The same address still holds 202,000 ZEC spot, not a single coin sold.
This batch of short positions looks more like hedging insurance for the spot holdings, not purely bearish bets.
Short-term short covering did relieve downward pressure, but the fuel for this short squeeze rally has also been exhausted.
Technically, the NU7 upgrade is progressing steadily, with testnet launching on October 6 and mainnet on November 5.
High leverage at market tops has not exited, so future market volatility will still be amplified.
My core judgment:
After the short squeeze story ends, the baton will be passed to spot capital.
If spot buying is weak, the market will turn into high-level turnover and oscillation.
Do not simply mistake short covering liquidations as a confirmation signal for a new upward trend.AI demand is booming. But can the returns justify the massive spending? Oracle’s remaining performance obligations have climbed to $664B, fueled by more than $30B in new AI cloud contracts. Its latest quarter delivered $19.3B in revenue, up 30% YoY, while free cash flow came in at -$5.4B. The question now: how fast can Oracle turn its enormous backlog into real cash flow? Adobe is facing a different kind of challenge. Its Q2 FY2026 revenue hit a record $6.62B, while AI-first ARR more than triple$BTC used to be simple — break the parabolic curve and ride the uptrend. The structure was clear, trading was easy.
This cycle? It's different. First a breakout, but then it got stuck badly. No continued rise, just sideways consolidation. The old playbook no longer works the same way.
Bitcoin has become harder to read. More sideways movement and noise, less sustained follow-through. This means stricter risk management, smaller positions, and more patience are needed. This trading structure is still valid in the long term, but the path is now more chaotic.
Stick to the process. Wait for a truly valid breakout. Don’t force it, don’t push it. Review of BTC rebound: The short squeeze rally is nearing its end, beware of a deep correction
Recently, many have defined BTC's rise as the start of a new bull market. However, after analyzing macro factors, funding rates, and contract positions, I believe this rally is a rebound caused by short squeeze rather than the start of a new trend, with a short-term bearish bias.
1. Derivatives signals: Long positions crowded, costs continuously rising
Currently, BTC perpetual contract funding rate is +0.1% every 8 hours, which is clearly a high range.
The funding rate essentially reflects market position supply and demand; too many longs need to continuously pay fees to attract short counterparties. Historically, sustained high positive funding rates often correspond to local top areas. Many retail investors chase highs to open long positions, continuously consuming position costs. Once the price stagnates, the longs' ability to hold positions quickly declines, and a single spike can trigger a chain of stop losses.
Total contract open interest across the network remains high, with leverage stacking. High open interest at high levels plus high funding rates is a very typical risk combination, indicating increasing market fragility. The long-short ratio by number of accounts shows retail longs dominate, but note: number of accounts ≠ capital size. Large holders have already positioned shorts in the pressure zone, while retail concentrated longs are natural targets for harvesting.
2. Macro: Rate cut expectations are overly optimistic
The market has recently interpreted the Federal Reserve decision as dovish, but the dot plot still retains the option for future rate hikes. If inflation recurs, rate hikes in October and December remain possible.
Upcoming intensive speeches by Fed officials may easily release hawkish remarks again, causing U.S. Treasury yields to rebound and directly pressuring the crypto market. The entire futures market currently has about 74.5 billion USD OI and 593 million USD liquidated in 24h. Therefore, one should not only look at the green price. After a big short squeeze, the most important question in the next 24h is: Will spot money continue to buy or will the market start to rise mainly thanks to leverage? The project team burned 408,000 FORM tokens, but the price dropped to 0.32
Wow, the project team just officially announced the token burn over two hours ago, yet $FORM fell from 0.3507 to 0.32. The positive news triggered profit-taking first; I’m not chasing, only placing low buy orders.
Let's clarify the event. Four used platform profits to repurchase and burn 408,000 $FORM tokens, sending them to a black hole address, verifiable on-chain.
But the market situation is even more striking. A 22.4% increase in 24 hours, volume 6.9 times the 30-day average, RSI hitting 70.8 indicating overbought — early surge followed by profit-taking.
My judgment: no chase. Place low buy orders at 0.3075, exit if broken, with 4h SAR at 0.278 as the last defense line.
Resistance above: 0.3418 (first rebound hurdle) → 0.3623 (today’s high and pullback point)
Support below: 0.3075 (today’s low, if broken look at 0.2701)
The overall market is not dragging down. BTC is in an aggressive market above 85554, with 71 up, 22 down, fear and greed at 78; strong tokens pulling back are worth buying.
Key level: 0.3075. Hold it to buy low aiming for a rebound to 0.3418; break it and watch 0.2701. Place buy orders at 0.3075 on pullback, stop loss if broken.
Likes are my energy for monitoring the market, follow to stay on track.
$FORM $BTCAI agents paying for data themselves sounds quite sci-fi.
Cardano just integrated the x402 payment standard, which basically allows AI to pay for services on its own. Previously, if it wanted to fetch data, it had to register, link a card, subscribe monthly—all manual processes. Now the service provider directly returns the price, the agent signs a payment, and after verification, it can get the data.
My first reaction was: isn’t this just the same old “machine economy” hype from back in the day?
Honestly, I’ve fallen for the same trap. The 2021 wave of AI plus crypto concepts had whitepapers that were all hype, and very few actually took off. So seeing this, my reflex is to raise a question mark.
But this time it’s a bit different. Behind x402 stand Coinbase, Visa, Mastercard, Stripe, Google, Amazon Cloud, and Solana and XRP have already adopted it.
However, Cardano’s version has only processed one real transaction on the pre-production network so far; the mainnet isn’t live yet, and there’s no sign of agents widely using ADA to pay.
So my guess is: the direction is right, but real use is still far off.
What do you think, will AI really use ADA to buy things?
#Apple、Google招聘稳定币相关人才，或进军加密支付？
#AI降速争议未退，算力投入继续加码 #欧洲央行上线代币化结算平台 $SOL $XRP $BTC REJECTED AT 87K — Watched Bitcoin rip from 80,588 to 87,399 then fade back to 85,526, down 1.25% today. Fast, vertical moves rarely hold without a pullback testing conviction. Chasing green candles near highs is how discipline breaks. Are you sizing for the retrace or the breakout?
#BTC87KCryptoCap3T BTC breaking higher doesn't mean every candle needs to be chased.
Strong markets still create pullbacks.
I'm watching whether $86K turns into support and whether volume stays healthy.
Let the retest reveal the real strength.One earnings cycle. Three AI-linked companies. Three different signals from the market. The AI trade is entering a new phase: strong numbers still matter, but the market is becoming far more sensitive to forward guidance, growth momentum, and expectations. $AVGO | Massive AI Growth, But Expectations Are Rising Broadcom delivered a powerful Q3 FY2026 report, with revenue climbing 86% YoY to $29.6B and non-GAAP EPS reaching $3.32. AI semiconductor revenue hit $16.7B, up 221% YoY. Yet its $34.8B Q4#ZEC巨鲸3.8万枚空单平仓，亏损超3500万美元
ZEC whale closed 38,000 short positions, losing over $35 million
Shorted ZEC for three months, finally exited with a loss of more than $35 million.
According to on-chain monitoring, addresses related to Garrett Jin closed 38,000 ZEC short positions in about 1.5 hours. During the concentrated buy-in to close shorts, ZEC rose from about $1490 to $1530.
At first glance, doesn't this look like the whale was forced to cover their short?
But there's a key detail: **he still holds about 200,000 ZEC spot and did not sell it when closing the shorts.** This short position might have been hedged from the start; a $35 million loss on the shorts alone doesn't mean his entire ZEC position lost money.
So I'm actually curious: after one of the biggest shorts exited, did ZEC lose a suppressing force, or did it also lose a group of shorts forced to buy back?
Closing the shorts doesn't necessarily mean the price will keep rising.
This wave of ZEC is just getting interesting. $ZEC