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Multicoin：RWA扩容将打开固定利率与收益拆分空间 Multicoin最新文章提到，RWA真正进入链上后，DeFi需要的可能不再只是AMM和永续合约，而是固定利率、定期借贷、利率衍生品、收益拆分和组合保证金等“DeFi 2.0”基础设施。
这里我觉得最值得关注的是固定利率和收益拆分。
过去链上收益主要来自质押、借贷、资金费率和项目激励，收益来源比较单一。但RWA上链后，国债收益率、信用利差、股息、浮动利率贷款等真实世界现金流都会进入链上。
这意味着一个变化：收益本身也会成为可以交易的资产。
比如把一个生息资产拆成本金和未来收益，投资者可以选择锁定固定收益，也可以押注未来利率上涨。这样一来，DeFi交易的不只是币价，而是利率、期限和现金流。
传导逻辑是：RWA扩容→链上生息资产增加→收益来源多元化→固定利率和收益拆分需求上升→利率市场和衍生品扩容→DeFi基础设施价值提升。
对应到项目，我会重点关注Pendle、Exponent以及固定利率借贷和利率衍生品相关协议。这里尤其要注意，赛道逻辑成立不等于代币马上上涨，最终还是要看TVL、交易量、收益市场规模和协议收入有没有同步增长。
$UNI and $SUSHI are essentially in the same sector, with the difference being the leader and the followers.
In the first wave of the market, prioritize the leader; when the market starts to spread to the followers, you should begin to be more cautious.
The value of the followers is not just catching up, but also serves an important role—they can act as a risk signal.
You can understand it as: funds that missed out on UNI start looking for alternatives in the market, and when even the follower alternatives begin to rise, it indicates that market sentiment has entered a relatively extreme FOMO stage.
Therefore, followers can be speculated on with small positions for catching up, but at the same time, they should be treated as a risk warning.
For those who have positioned early, the core advice is:
Focus on the strong, the leader, the strongest in the sector. Last night before sleeping, I was still worried it might dip again. This morning when I opened the market, the short position gave me the answer itself. $AEON Every time it surges, it falls just short, volume doesn't keep up, no one supports the rise, heavy false bullish signals. I warned not to rush into longs, wait for confirmation of resistance at the high level.
Don't get greedy with profits, don't despair with pullbacks.
Risk control comes first, that's called being rational; cutting losses after losing is called decisive action.
Opened position at 0.06304, now at 0.05717, return +186.23%. This profit feels good, those on board should be waking up smiling. No fancy moves, just watching it fail to push higher, selling pressure gradually strengthens, controlling the short momentum.
Take profits on the big part first, 80% take profit, keep 20% at cost price as protection. Don't be greedy for the last bit, if it rebounds back to the protection level, hold it; if it continues to fall, let it run.
Now is not the time to surge, chasing highs easily gets stuck at the peak, same with chasing shorts. If you miss it, don't chase, wait for the next opportunity.
$SOL $BTC 🔥 Don't rush to pick a direction for ETH these days. I actually feel that letting it oscillate might be the most comfortable scenario.
📊 I didn't hold onto yesterday's long position and exited early, which is a bit regrettable. But that's trading—missing a rally doesn't mean you have to make it up today. So if I trade again today, I'd prefer to wait for a rebound to confirm resistance before considering a short.
🧩 ETH is currently around 【2690】, with 【2700】 being a key short-term level to watch. If it breaks above and holds 【2750】, the bearish thesis needs to be reassessed; conversely, if it fails to break higher, the space for a pullback and consolidation reopens.
⚠️ Today is also the quarterly options expiry, with over 【$16 billion】 in BTC and ETH options settling. Volatility may significantly increase around the settlement. So while a direction is possible, position sizes must be small.
🧠 I now prefer to treat this period as "range trading time"—no chasing rallies, no forcing shorts just to prove a bearish view. Trade when price gives you a setup; if not, watch.
🎯 The most important thing in the short term is not guessing whether ETH will ultimately rise or fall, but controlling the risk of every trade. In a choppy market, surviving is more important than going all in on one trade.
👀 If you could only trade once today, would you short near 【2750】 or wait for a pullback to find an opportunity? #美联储重启加息，BTC为何仍有韧性？ $ETH #美伊恢复接触，风险溢价会降吗？ New Cycle Bull Market:
Crypto is shifting from an "asset issuance bull" to a "global asset on-chain distribution bull."
In the early years, it was all about frantically issuing new coins and crafting narratives;
The next phase will compete on who can bring real-world stocks, bonds, and funds on-chain and distribute them efficiently.
Issuance dividends have peaked; distribution capabilities (access, liquidity, compliance) are the true moat.
Whoever can be the "on-chain broker + clearing layer" will take the lion's share.Just listened to a bit of Bitget CEO's live response, summarizing a few points:
1/ The stolen funds remain steady at 351.6 million USD. No further increase.
2/ The 19 hacker transfers were all from hot wallets + warm wallets, no cold wallets involved.
3/ The root cause of the issue (the reason for the theft) has not yet been found. What is certain now: 1) The hacker did not forge user information to withdraw funds. 2) The hacker did not obtain wallet private keys. 3) The hacker infiltrated Bitget's company systems and made withdrawals.
— This is also why withdrawals are paused, fearing that resuming withdrawals before the issue is fully investigated could cause greater losses.
4/ Withdrawal resumption time: as soon as a few hours, or as long as a few days. Currently uncertain. But "it should not take weeks."
5/ The root cause and nature differ from the last Bybit hack. This time, more chains and coin types are involved. The largest stolen single coin is XRP, over 100 million. There are also many USDT, USDT0, USDC, XAU, etc., converted into a cumulative 170 million USD worth of ETH.
"Ethereum: the public chain hackers rely on to survive" remains the core positioning.🔥 Stop struggling, Ethereum! Just oscillate obediently today, don’t rush upward again!
😂 Yesterday I finally got a long position, but I exited early. The market didn’t do me wrong; I let the profits slip away myself. Today I’m flipping it, seeing if there’s a chance to catch a short position bite.
📉 ETH is now grinding around 【2700】. After surging a few days ago, it’s been oscillating repeatedly. The truly comfortable short-term play isn’t chasing the trend but waiting for the surge and the pullback to catch the part you understand.
⚠️ But today there’s also a quarterly options expiry, with BTC and ETH options totaling over 【16 billion USD】 expiring. Short-term could see rapid spikes or crashes, so don’t get carried away with shorts.
🧠 Recently, this market feels more like a digestion phase after a big rally. Without a clear one-sided signal, don’t fantasize about big surges or crashes; short-term trading in the oscillation is more comfortable.
🎯 My principle is simple: trade when you have a position, wait if you don’t; keep position size small, take profits quickly, don’t turn short-term trades into long-term beliefs.
👀 Brothers, do you think ETH will first surge to 【2750】 today, or head straight to 【2650】? #美联储重启加息，BTC为何仍有韧性？ #美伊恢复接触，风险溢价会降吗？ $ETH Brothers, anyone else holding the coin that refuses to participate? 😂 BTC and ETH are recovering, and several major altcoins are showing strength, but $MUBARAK is still fighting heavy selling pressure. The move has been brutal: 📉 High: $0.0912 📉 Current: around $0.047 ➡️ Down roughly 48% from the high The short-term structure still isn't convincing. EMA5, EMA10 and EMA20 are clustered around the current price, meaning every attempted bounce is facing resistance. My position: $MUBARAK long aroBTC is holding the higher range, several major alts are rotating higher, yet $MUBARAK is still struggling to follow. Anyone else still holding through this madness? 😅 Everyone kept talking about “altseason” — and the broader data is finally showing signs of rotation. Glassnode’s Altcoin Cycle Signal has climbed to 81.25, above the 75 level associated with altcoin-season conditions. Bitcoin dominance has also remained below the 60% area. But here’s the problem: Not every altcoin is participatingCoverage: Gold, crude oil, AI storage chips, AI industry, crypto market (BTC/ETH) + US Treasury yields, US dollar index, Federal Reserve rate hike probabilities. 1. Core viewpoints 1. The Xi-Trump meeting materializes: On the morning of September 24 local time, the two heads of state met at the White House, and the economic and trade teams reached a new joint arrangement; both sides will continue AI dialogues. The easing between China and the US is genuinely positive, but the US stock market only moved sideways — the market currently truly respects interest rates, not news. Meaning: No matter how much good news there is, it cannot outweigh the fact that "money is getting more expensive." 2. Tightening intensifies: Initial jobless claims at 197,000, approaching the lowest since 1969; 10-year US Treasury yield closed near 5.19% (intraday 5.22%, highest since 2007), 30-year intraday broke 5.50% (highest since June 2004); October rate hike probability rose to about 65%-71%; US dollar index broke 101, strongest since late July. 3. Gold is "immune" to geopolitical risks: Houthis fired 6 ballistic missiles at Saudi Arabia, gold prices fell instead of rising; spot gold closed at $4,271.49 (-0.37%), intraday low of $4,244, a one-week low. Simply put: gold now fears rate hikes, not missiles. 4. Crude oil rises alone: Brent +3.41% closed at $106.60 (highest since September 15), WTI +2.66% closed at $94.61 ending six consecutive declines; but US-Iran negotiations in New York on "phased reopening of the Strait of Hormuz" could cause the premium to be withdrawn at any time based on negotiation news. 5.🔥 Happy Mid-Autumn Festival, brothers! Today, let's not get too complicated; I'll just talk about a few positions that I both love and hate.
📈 ZEC surprised me a bit today. I originally thought after the rebound it would continue to drop, but instead, the price didn't keep falling and gradually recovered. I still consider 【1200】 as my observation target since my cost is at 【1300】. For now, let's see if it can regain strength.
🧱 I'm still stuck in BTC spot for now. I really can't judge the short-term ups and downs, but my mindset hasn't changed: as long as the long-term logic of BTC isn't broken, I'm willing to give it time. The biggest difference between spot and futures is that you don't have to make decisions forced by every single candlestick.
📉 SNDK reminded me of a painful fact today: when I went long around 【900】 before, I didn't hold on. Looking back now, if I had held on, the returns might have been on a completely different level.
💭 So what really bothers me is never "not buying at the lowest," but clearly having had the chance before and getting off early because of short-term fluctuations. The market isn't short of opportunities; what's lacking is the patience to hold onto them.
🎯 One sentence for today: keep observing ZEC, keep holding BTC, and see if there's a more comfortable position for SNDK. As for whether it will rise, leave it to the market; whether you can hold on is your own issue.
👀 Have you ever had that "If I hadn't sold back then, now I would have..." kind of epic move? #美联储重启加息，BTC为何仍有韧性？ $BTC $ZEC When the valuation anchor shifts from hype to dividends/buybacks/burns, the logic of buying coins will be like buying stocks.The Federal Reserve is drafting rules for bank-issued stablecoins. How will short-term funds rotate? The Fed has started establishing specific rules for banks to issue payment stablecoins. I am more focused on the impact this has on the capital chain rather than simply interpreting it as a "stablecoin positive".
If banks get a clearer issuance path, the first layer to benefit is actually stablecoins and payment infrastructure; the second layer is the public chains that support stablecoin liquidity.
I divide short-term fund rotation into four layers:
The first layer focuses on leading stablecoins and payment infrastructure. Circle, behind USDC, is directly involved in the stablecoin expansion logic, and recently banks and institutions have increased their participation in stablecoins.
The second layer looks at ETH. As stablecoin scale expands, on-chain settlement, DeFi, and RWA activities increase. Ethereum, as one of the main networks for stablecoin circulation and financial applications, may see funds further spread to ETH.
The third layer considers highly active public chains like SOL and BNB. If stablecoin increments truly enter on-chain trading, payments, and DeFi, high-throughput, low-cost networks may attract capital attention.
The fourth layer is RWA, DeFi, and payment concept altcoins. This stage has the greatest volatility but is also the most prone to news-driven speculation and sharp rises followed by pullbacks.
My short-term rotation sequence would be: stablecoin news → Circle-related assets → ETH → SOL/BNB → RWA/DeFi high Beta.
But do not chase gains directly based on the list; the real confirmation conditions are increased stablecoin supply, rising on-chain activity, and corresponding public chains.*1. Clean Professional Version:* $ONDO is up 25.84% in a day to $0.5191, now just 2% below its 90-day high. I'm bearish next 24H. This pump is pure leverage - perp OI is stacked at $100.9M. In Alpha there is only perps, no spot, so there's zero real bid underneath. The prior high is hard resistance. The late longs who chased are weak hands and will be first to cut. When OI rolls over, price will roll over with it. This move can't hold - expect a give-back of today's gains. *2. Short & Punchy (fo$ONE Continuing from the last post, in the end, I still couldn't hold on and fell! Cried...
Summarizing the reasons why I fell: I mistakenly thought the mainstream bull market was the same as the altcoin bull market. I was bullish for the long term, but now thinking about it, it's ridiculously naive! Who holds such heavy positions for the long term? I hope everyone can learn from my mistake. Anyway, I'm done with it. I feel the mental block is hard to overcome; no matter how I play, I lose!
So, what do you experts think? Is $ONE an oversold rebound? Or is trash ultimately returning to the trash bin, plummeting all the way down??After getting repeatedly chopped up by volatile altcoins and taking losses of more than $12,000, I decided to change the approach completely. Instead of relying on emotions, I trained a model to run the Altcoin Hunter strategy. 🤖📊 The rules are deliberately simple: 🔹 No short setup → max loss: 1U 🔹 Valid short → enter small and manage continuously 🔹 Roll the position as the trend develops 🔹 Lock in profits instead of waiting for the perfect exit 🔹 Strict risk control — no revenge trading,Some people like "short-term trading," others prefer long-term; everyone has different habits and personalities. Don't keep switching between worshiping this guru and then feeling like you've met a true deity. Actually, you already have a god within your body and brain, it's just that it hasn't been polished or developed. Without your own system, constantly jumping between camps, nodding and kowtowing to whoever wins a few times, begging for guidance without studying or using your brain, expecting free gains—losing money and cursing before switching again is inevitable.
Strictly speaking, there is no absolute short or long term. If you bought at a good point (over 60,000), allocate funds as you like, and if your position doesn't affect your future play, just hold it. Play daily, hold through big market moves, and sell when volume and price behave abnormally!
Don't look at too many indicators; most are lagging and mostly hindsight experts, only for reference! What I use are: 1. EMA (10, 20, 50, 100, 150, 200). 2. MACD. 3. BULL. 4. RSI. These are all auxiliary! The most important are volume and the candlestick patterns generated by volume, especially in the bull zone. Fundamentals have far less impact on volatility than news and large capital guiding and manipulating the trend!
Judge the next move based on volume, the candlestick patterns it produces, and the position. It's hard to explain in words, please forgive me. But I have one deeply felt and very useful experience that might help you: closely watch the length of the candlesticks and the volume bars. Usually, in the morning, estimate the general direction for the day, confirm the estimate on the 4-hour chart, check the 1-hour, then the 15-minute. If the structure looks good, then look at the 15-minute again to find an opportunity to get in!🔥 This time the movements of BTC, ETH, and ZEC are a bit unusual. I'm actually not in a hurry to judge whether it's a bull trap or a bear trap.
📊 If it were simply a high-level bull trap, you'd usually see a quick drop after a spike; but now there's a pattern of "first a drop, then a pullback," which looks more like repeatedly testing buy and sell orders and stop-loss liquidity in a short time.
🧩 So my approach hasn't changed: I don't guess the main players' script, I only follow price confirmation. If the rebound continues to be suppressed, I'll keep watching the retracement space; I originally placed a short at 【2,752】 on ETH, but it didn't fill, so I won't chase it.
⚠️ Today there's also options settlement, and position hedging adjustments before and after delivery may amplify short-term volatility. Especially at times like this, there's no need to go all in early just to grab a position.
🎯 What I’m more focused on next for BTC, ETH, and ZEC is whether key levels can truly break through or break down, rather than guessing "what the dog whales really want to do."
😪 As for now? Sleep mode activated. No fills means no trades; I'll check the market again when I wake up to see if there are any opportunities.
👀 If it were you, facing this "drop first then pull back" pattern, would you keep waiting to short or just watch for now? $BTC $ETH $ZEC #美联储重启加息，BTC为何仍有韧性？ #美伊恢复接触，风险溢价会降吗？ 54.1 million HYPE ($49.54 million) were transferred into Kraken by a whale or institution 15 minutes ago.
These HYPE were withdrawn from Coinbase Prime half a month ago at an average price of $73.9.
Now transferred into Kraken at a price of $91.5, with an expected profit of $9.52 million.
$HYPE Brothers, BTC really tortured people this round 😂 After surging above $87K, it fell back to around $84K, and the short-term bulls and bears have started fierce battles again. But interestingly — the pullback was not accompanied by a significant withdrawal of funds. In the past 5 trading days, the US spot BTC ETF has had a cumulative net inflow of about $2.65B, and the cumulative inflow in September is about $2.37B. Now, focus on several key levels: 🐂 $85K–$87K: Re-establishing support, the market may test $88K–$90K again ⚔️ $82K–$84K: Key short-term battleground for bulls and bears 🐻 $80K–$82K: If broken, the pullback space may further expand Also, about $16B worth of BTC options expire today, which may significantly increase short-term volatility. Assets like ETH and SOL are also rotating accordingly. What’s really worth watching next is whether funds exit during BTC’s pullback or rotate from BTC to high beta assets like ETH/SOL. As for me… I’m still the bear who keeps holding 🐻😂 Yesterday I was down as much as -$3,000, but today I’m back in the green. But this time I’m watching the levels, not emotions. $90K first. Then we se 🔥 BTC, ETH, and ZEC really left me confused this round. Is it a bull trap, or just a pure shakeout of both longs and shorts?
📉 The usual script would be a pump to attract longs, then a direct dump. But the market instead first dropped, then suddenly pulled back. This back-and-forth sweep looks more like testing liquidity above and below, stopping whoever’s stop-loss is closest first.
🤔 So for now, I won’t guess what the whales want to do. I’ll stick to my own plan: if the rebound continues to face pressure, I lean towards waiting for a pullback. Watching BTC around 【84,000】 and focusing on short opportunities near 【2,752】 for ETH.
⚠️ If the short at 【2,752】 didn’t fill, then forget it. No fill, no chase. Better to earn less than to force the price up just to enter.
⏰ There’s options settlement today, which often triggers quick sweeps before and after. The most important thing now isn’t guessing “who’s controlling the market,” but seeing if the price can hold key levels after settlement.
😪 Alright, I’m activating my “sleep strategy” today. I can’t control the market; prices exist in dreams anyway. I’ll check the market again when I wake up to see if the drama’s over.
👀 What do you think? Is this a bull trap, or just a pure shakeout between longs and shorts? $BTC $ETH $ZEC #美联储重启加息，BTC为何仍有韧性？ #财报观察员：好市多业绩超预期，美光接棒 #美联储重启加息，BTC为何仍有韧性？
After the Federal Reserve resumed rate hikes, BTC did not experience the continuous crash that the market feared. Instead, it quickly absorbed selling pressure around $84,000, showing resilience worth noting!
In September, the Fed raised rates by 25 basis points, increasing the range to 3.75%—4.00%, followed by several officials continuing to signal a hawkish stance. Meanwhile, the 10-year U.S. Treasury yield has surpassed 5%, and the dollar has strengthened. By traditional logic, this combination is unfavorable for BTC, $ETH, SOL, and gold $XAU.
However, BTC has held firm. One reason is that the rate hike expectations were already priced in, so the actual implementation lacked new panic selling. Additionally, BTC's current capital structure differs from the past, with ETFs, institutional allocations, and long-term holders increasing market absorption capacity. Recently, BTC briefly rose above $86,000, indicating that there is still buying interest even in a high-interest-rate environment.
The real test ahead is not "the 25 basis points already hiked," but whether hikes will continue. If U.S. Treasury yields keep rising and the dollar strengthens simultaneously, BTC will remain under pressure. But if BTC repeatedly holds around $84,000 in this macro environment, the market will be trading not just on rate cut expectations but on BTC's own scarcity and institutional demand.ZEC crashed down from the high of 1680 and is now hovering around 1594. Shorting at this level makes logical sense. Technical aspect: Dense resistance above, short-term momentum exhaustion. 1594 is right at the upper edge of the direct resistance zone from 1560 to 1585. The previous surge to 1680 left a long upper shadow on the daily chart, indicating real selling pressure above. RSI is between 67 and 69, already close to the overbought line, with negative divergence appearing on the 5 to 15-minute levels, and EMA is also pressing down on the price. The first support below is near 1450, then further down at 1372 to 1375. If the price can't rise around 1594, a pullback is highly likely. News aspect: Positive catalysts have been realized, marginal increments are weakening. The core catalyst for this rally was the launch of Grayscale's Zcash spot ETF, plus 21Shares launching a physically backed ETP in Europe. The institutional channel has indeed opened, but after the initial concentrated demand for ETF allocation is released, marginal increments are weakening. ZCSH manages nearly $890 million in assets and plans a 3-for-1 stock split on September 30; the market has already priced in these news. Although the NU7 upgrade passed with 98.9% votes, its official activation is not until November 5, so there is no new hype in the short term. Funding aspect: Shorts have just been flushed out, longs are starting to crowd in. ZEC futures open interest once surged to a record high of $2.4 billion, with large-scale liquidation of shorts; currently about 64% of accounts are short, indicating shorts are still holding on. The funding rate is close to the 0.01% neutral baseline; once the rate turns positive, then#美联储重启加息，BTC为何仍有韧性？
After the Federal Reserve resumed rate hikes in September, market expectations for further hikes in October have clearly intensified, with CME data showing the probability once approaching 70%. According to past patterns, such an environment is not friendly to risk assets, yet $BTC not only avoided a sustained plunge but even surged to $87,000 this week.
More importantly, capital has not noticeably withdrawn.
On September 21, the US spot $BTC ETF saw a single-day net inflow close to $999 million, marking a new high since 2026. Institutional treasuries like Strategy and others are also continuing to increase their holdings.
Therefore, I believe that the current $BTC can no longer be simply explained by the "rate hike = price drop" logic.
Previously, the market was mainly driven by sentiment and leverage; when interest rates rose, funding costs increased, risk appetite declined, and coin prices naturally came under pressure. But now, with institutional funds such as ETFs and corporate treasuries entering, the capital structure of $BTC is changing.
Of course, this does not mean the bearish impact of rate hikes has disappeared.
What really needs caution is: **the Federal Reserve continuing to raise rates, US Treasury yields rising, and ETFs starting to have consecutive large outflows.** If these three signals appear simultaneously, it’s questionable whether institutional funds can continue to support the market.
So now, I’m not in a hurry to guess whether $BTC will rise or fall.
Watching the flow of funds is more important than watching the news.
Rate hike expectations are growing stronger, but institutional funds are still flowing in; this is the most worthy aspect to ponder in the current market.$UNI and $SUSHI are the same track; the difference is between the leading contender and the miscellaneous laggards. In the first wave, trade the leaders. When the momentum is transmitted to the back row, the laggards actually need to be more cautious. The advantage of laggards is that they act as risk signals, and the “chasing” crowd can try to gamble on them. You can think of it like this: the capital that missed UNI is starting to look for substitutes in the market. When those substitutes Today, I want to share my views with everyone.
In the short term, the market is fluctuating repeatedly at a high level, with intense long and short battles around Bitcoin's $80,000 to $87,000 range. This round of rebound partly comes from the return of institutional funds from US ETFs, and partly from short sellers being squeezed, with leveraged funds further amplifying market volatility.
Currently, the market greed index has entered the greed zone, indicating overheated sentiment. The derivatives market carries significant hidden risks: funding rates fluctuate between positive and negative, and once the market quickly reverses, high-leverage accounts may experience cascading liquidations, with tens of thousands of traders being forcibly liquidated in a single day. Sharp rises and falls have become the norm.
Simply put: this is not a one-sided bull market; it is more of a market driven by capital battles. The price can surge fiercely, but it can also fall mercilessly.The entire sector is rising, so why is only $ZAMA falling?
The answer lies in relative strength: SUI 24h +6.35%, LINK +8.55%, both with bullish moving averages, MACD histogram turning positive, and funding rates at +0.0063% and +0.0100% respectively; meanwhile, $ZAMA 24h -7.71%, MA5=0.088448 has crossed below MA20=0.090698, RSI only 40.0, MACD histogram -0.0002328 remains bearish, and trading volume of 16.0M USDT is the lowest among the three candidates. Capital in the sector is concentrating on strong performers, and rebounds in weak coins are more about oversold recovery than trend reversal.
However, there is a short-term opportunity here: the price at 0.08847 is close to the lower Bollinger Band at 0.087102, with 30 K-line bars showing an 11.1% amplitude, and momentum for a rebound toward the middle band at around 0.0907 after overselling; the funding rate at +0.0050% remains positive, indicating bulls have not massively surrendered, and the fear and greed index at 71, a greedy environment, also supports a quick rebound. The strategy is to go long on oversold rebounds, not to chase shorts. BTC has been hovering around 84,000 for several days, moving sideways without much change! Is this the calm before the storm?
Brothers, the market looks pretty dull today, but the news is anything but quiet.
BTC fell back from around 87,000 and is now repeatedly consolidating above 84,000, with neither bulls nor bears daring to make a strong move. The hardest part at this level is chasing highs and selling lows; any slight movement can easily get you caught in a back-and-forth squeeze.
Looking at the news, the Bitget security incident has triggered market risk aversion, and the platform temporarily suspended withdrawals. Although the official statement assures user funds are secure, such news will definitely suppress sentiment in the short term.
On the macro side, the high-level China-US meeting sent positive signals, but the market didn’t show a clear rally, indicating that funds are not very sensitive to good news right now.
Adding to that, with Mid-Autumn Festival and National Day approaching, some funds are being cashed out early, which may further reduce market liquidity.
So for now, I prefer to see BTC as being in a "power accumulation phase before choosing a direction."
Going forward, focus on two things:
① Whether the Bitget incident can quickly stabilize market sentiment;
② Whether funds will flow back after the holidays.
If 84,000 holds, bulls still have a chance; if it breaks key support, sentiment may weaken further. Don’t rush to go all in now; keep your position and wait for the direction to become clear before making a move.
There’s a market every day, but you only have one set of bullets. Survive first, then wait for the big opportunity!$BTC $ETH $SOL
BTC is currently around 84800. It surged to 87400 at the beginning of the week, dropped below 85000 after the PMI release on Wednesday, hit a low of 82800 on Thursday, then slightly recovered. ETH is around 2690, weak like BTC, indicating the overall crypto market sentiment is not good. BTC failed to hold above the 87,000 level, and the short covering has mostly played out.
The macro picture is simple: high oil prices and strong US data make the market worry that inflation won't come down, so the Fed might not cut rates and could even raise them. When rate hike expectations strengthen, US Treasury yields and the dollar rise, making money prefer buying government bonds, which naturally pressures stocks and crypto. The Dow's three consecutive declines on Thursday follow this logic.
As for the crypto market itself: the clear bill didn't pass, so don't expect regulation to save the market. Monday's rise was just premium retraction plus short squeeze, not a new trend. On the charts, 84500 is resistance; if it can't reclaim this level, weakness persists. Breaking below 83000 targets 81000. If volume really picks up and it breaks above 84500 and holds on the pullback, shorts could be squeezed, pushing it to 85000-86000, with a strong target at 87400, but without macro support, it's just a rebound. On Friday, don't go all in; even if it breaks up, don't chase the high. Exit if it falls below 84500. $ZEC is bearish today!
Smart money is making a large-scale retreat.
Previously, bulls heavily invested 486 million U, now only 384 million U remains; in one market cycle, nearly 100 million funds have fled early.
More critical data: the proportion of profitable bulls dropped directly from 93.28% to 66.60%.
This is not an ordinary shakeout; the main forces who entered earliest and made big profits are cashing out massively at the top.
Those still inside are seeing their paper profits continuously squeezed.
Tonight, riding on the market pullback, ZEC rebounded slightly, but this is just a sentiment-driven retracement.
The major trend of main force selling remains unchanged, long-term bearish.
Everyone is welcome to discuss and correct! $ETH $BTC #BTC冲高回落，市场轮动开始了吗？ #美股探索代币化与全天候交易 #美伊恢复接触，风险溢价会降吗？ $AKE AKE, long position, 20x leverage.
Opened yesterday at 5:05 PM, cost 0.04555.
Now the price has dropped to 0.0349, floating loss of 161 U.
The key is I only put 26.53 U as margin, and now the loss is already more than four times that.
After opening the position, the highest it reached was 0.04866, at that time I still thought it might surge.
But from 11 o'clock, it just went straight down, breaking 0.037 in the early morning today.
At 8 AM it dropped to 0.0351, I stared at the screen for half a minute but still didn’t close the position.
In the morning, I saw the Iranian president’s statement, and the US Senate was also voting.
When such geopolitical tension news comes out, funds flow into BTC and ETH.
For something like AKE, when no one is paying attention, if it falls, you just have to endure it yourself.
The line I’ve drawn for myself now is around 0.032.
If it falls below that level again, I might really not be able to hold on.
Although I feel like I’m already close to not being able to hold on.Yesterday, I was actually waiting for $BTC to give me an opportunity around 81800, placing an order there, but it didn't get filled.
Later, the market really dropped, hitting a low of 82812, which was only about a thousand points away from my price. At that moment, I felt a bit regretful, thinking I missed another "buy the dip" opportunity.
But looking back today, I actually think it’s not a bad thing that the order didn’t fill.
Because the market didn’t continue to drop; instead, it recovered from 82800 all the way back up, now around 84800. The 1-hour BOLL middle band has already reached 84129, with resistance first seen near 85000, and above that is the previous high zone around 86600-87000.
This kind of market easily makes people regret: when you don’t buy, you feel like you missed out, and when it rises back, you can’t help but chase.
So this time, I’m holding back. If the 81800 order didn’t fill, it didn’t fill; you don’t have to participate in every trade.
Sometimes, the money you didn’t make and the money you didn’t lose are essentially not the same thing. The core reasons why Bitcoin is weaker than Ethereum in this round of rise:
1. Capital rotation: Institutional funds shift from Bitcoin ETFs to Ethereum ETFs
In the previous bull market, funds mainly flowed into Bitcoin spot ETFs, causing Bitcoin to surge first.
Institutional funds have started allocating to Ethereum, no longer just buying Bitcoin, which is the most direct capital driver for ETH outperforming BTC.
2. Asset attribute differences: ETH has staking yields, BTC is a non-interest-bearing asset
Bitcoin is positioned as "digital gold," with no interest or cash flow; holding it only profits if the price rises. Ethereum uses a PoS staking mechanism, where staking ETH can earn annualized staking yields (3%~4.5%).
3. Supply structure: A large amount of ETH is locked, reducing circulating supply
After Ethereum's merge, a large amount of ETH is staked and locked, not available for immediate sale; the tradable circulating ETH on exchanges continues to decline. Bitcoin has no staking lock-up mechanism; all circulating coins can be sold anytime, making supply more elastic and resistance to price increases stronger.
4. Different narratives: This round's main themes are RWA tokenization, stablecoins, and DeFi
Bitcoin's narrative is singular: digital gold, inflation hedge, value store.
Ethereum, as the smart contract base layer, hosts stablecoins, real-world asset tokenization (RWA), and DeFi.
This round's market hype is not "buy digital gold for safety," but the on-chain asset tokenization narrative, which directly benefits Ethereum. Bitcoin lacks a corresponding story, so its elasticity is much weaker. Last night my hand trembled slightly when setting the stop loss, and this morning I realized it was an unnecessary act of filial piety. This short position drop made me a bit anxious and fearful. While everyone was still watching the bottom consolidation during the session, I was already eyeing the resistance above $APR.
Every surge lacked a final push; volume didn’t keep up, and selling pressure was strong. I judged the rebound to be weak and warned to be bearish at the time—don’t rush to catch it, wait for it to weaken on its own.
The market cures all kinds of arrogance, especially from those who think they are the smartest.
Shorted from 0.2422 down to 0.1454, a direct +799.33% gain. Everyone on the ride should be waking up smiling. Took profit on 80% first—take what you should take, and move the stop loss on the remaining 20% to breakeven. Let the continued drop run the profits; don’t be greedy for the last bit.
Better to miss a rebound than to catch a falling knife and bleed out.
Now is not the time to rush. I’ll alert you first when a more comfortable position for the next round appears. There are still opportunities, don’t be anxious.
$LAB $ETH JPMorgan estimates Bitcoin production cost at $85,000, OKX spot fluctuates around $84,736
OKX BTC spot this morning hovers at 84,736 USDT, JPMorgan estimates miner cost line at $85,000, those holding spot should first watch the 84,736 price level for support.
I checked on-chain data; the total network hashrate has dropped 19% from last October's peak, and mining difficulty has decreased by 15%. The coin price has stayed below $85,000 for 280 days, miners have been selling coins at a loss daily to pay electricity fees; now mining companies are switching their data centers to run AI to earn rental income, and the selling pressure on spot in the market has clearly eased.
This morning I browsed the OKX contracts page, BTC spot is trading narrowly at 84,736.3 USDT, up slightly 0.55% in 24 hours. BTC open interest in OKX perpetual contracts is $2.934 billion, funding rate is suppressed at 0.0017%, annualized less than 2%. Although the fear and greed index is marked at 71, no one in the market is borrowing money to force a rally; bulls are all waiting for turnover at $85,000.
For friends holding BTC positions, facing the $85,000 miner cost line, are you placing orders on OKX waiting for a pullback, or continuing to hold your spot without moving?Day 26, single-day profit ¥18,005.37, the account finally turned profitable, achieving positive returns for 3 consecutive days, slowly climbing out from a 4-day continuous major drawdown. $BTC $ETH
The crypto market on September 23 was a double blow to both bulls and bears. BTC once surged to $87,000, then quickly fell back to $84,015; ETH dropped below $2,700, hitting a low of $2,651. About $389 million worth of liquidations occurred across the network in 12 hours, mostly long positions.
The core pressure behind this decline remains the macro environment. US Treasury yields continued to rise, with the 10-year yield briefly surpassing 5.11%, combined with the US September composite PMI rising to 58.4, the market renewed concerns about inflation and further rate hikes. Expectations for a rate hike in October also clearly increased, and rising oil prices further added pressure on risk assets.
After a loss of ¥8,175 on September 22, I completely reduced my position size and leverage, no longer blindly chasing rallies or panicking on dips. When BTC oscillated repeatedly above 86,000, I did not chase longs; when it broke below 85,000, I did not panic, only lightly tested longs near 83,500, and took timely profits near the 84,500 resistance level.
In 26 days, from loss to profitability again, the biggest gain this time was not predicting the market, but learning to control trading frequency and position size. Facing high volatility and macro uncertainty, making fewer mistakes is more important than frequent trades. Survive first, then talk about profits.What deserves more attention currently is: regulatory disturbances, macro liquidity, and capital sentiment are jointly affecting short-term volatility, but the institutionalization process of the crypto market has not stopped. 1. Regulatory setbacks ≠ a complete change in long-term trends Recently, the US CLARITY Act failed to advance in the Senate, causing the market to be pressured due to increased regulatory uncertainty. However, at the same time, the SEC and CFTC have not stopped advancing related rules. The SEC is also promoting a more segmented crypto regulatory framework and allowing limited-time trials for trading some tokenized stocks. Therefore, short-term regulatory news is more likely to first impact capital sentiment and risk appetite. During a market rally, the price will not rise in a straight line; regulation, profit-taking, macro data, and leverage liquidations can all cause pullbacks. 2. The long-term logic of the crypto industry still exists, but it should not be blindly glorified Decentralization, asset tokenization, on-chain finance, and other directions remain areas of ongoing industry exploration. But this does not mean the traditional financial system will be quickly replaced. Countries will still prioritize financial stability, capital regulation, anti-money laundering, and monetary sovereignty. Therefore, what is more likely to happen in the future is not the disappearance of regulation, but rather regulation becoming clearer, the market becoming more compliant, and quality projects gradually being filtered out. Recently, even the European Central Bank and central banks of EU countries have been discussing adjustments to MiCA's requirements on stablecoin reserves, indicating that global regulation itself is also in a process of continuous adjustment. 3. What truly deserves attention is whether the project itself has value When the market is volatile, the most easilyIn the early stage, ETH quickly surged from around 2530, successively breaking through 2700 and 2800 levels, reaching a high of over 2780 at one point. However, it never formed an effective breakout in the 2770–2800 range and then fell back to fluctuate below 2700. The latest round of decline also indicates that the selling pressure at this level is not light. This rally clearly has a short squeeze component: short stop-losses, forced liquidations, and buybacks collectively amplified the upward speed. But after the price spikes, if it cannot firmly hold the key resistance level, short-term profit-taking will naturally begin. Therefore, I will not directly define the market as a "new round of one-sided bull market" just because ETH broke through 2700. What really matters is whether it can hold above 2700 again and further break through the 2770–2800 range. My previous judgment was also: if BTC/ETH's rise is only driven by short covering, a reverse shakeout at high levels is very likely. The more crowded the long positions, the more the market needs to release leverage through pullbacks. Currently, the key observation ranges for ETH are: 🔹 2700: short-term battleground for bulls and bears 🔹 2770–2800: previous strong resistance zone 🔹 Around 2650: short-term pullback observation level 🔹 2540–2560: more important structural support zone Additionally, $ZEC's recent capital heat is also very obvious. Data shows that the ZEC spot ETF had a net inflow in the week ending September 18.You might think rallying is the hardest part, but the real challenge is holding on. Have you also made a floating gain at the high, only to watch it pull back? I've had a very real feeling these past two days: BTC surged above 84K, ETH reached 2.68K, SOL reached 114, and then all experienced pullbacks. Many people's first reaction is "It's over, it's about to fall," but I prefer to see it as a stress test against holding mentality, rather than the end of a trend. Let me start with the signals I've seen. BTC is now close to 87K, ETH is still holding above 2.6K, and SOL is taking support near 110. What does this indicate? It means the previous rally has already proven the buyers' ability to push the price up. What the market is now verifying is another thing—whether they're willing to continue buying during the pullback. These two are completely different abilities—the former relies on emotion, the latter on belief and position management. During this period, I made a correction to my own position. Previously, I didn't reduce at the high, and it was a bit tough during pullbacks. But then I realized something: the biggest taboo in volatility isn't seeing the wrong direction, but losing your rhythm. Chasing when prices rise, cutting when it's falling—after a few back-and-forths, your principal is gone. So my current approach is: don't move until the key support is broken, reassess once it does, and don't make decisions for the market in advance. From the perspective of the transmission chain, this pullback will have a more obvious impact on altcoins. As long as BTC and ETH hold key levels, capital preference won't suddenly shift to safe havens. High-beta stocks like SOL are still availableCurrently, BTC and ETH are showing a weak rebound, with funds clustering in mainstream coins. The total market capitalization has dropped by 2.11%, and the greed index is at 71.
Significant macro pressure: The 10-year US Treasury yield has reached 5.15%, with a 75% probability of a rate hike in October. The surge in risk-free yields is directly suppressing crypto valuations.
BTC is around 84759, with 84,000 (mining companies' cost at 85,000) as key support. MACD shows a death cross, RSI at 55.36, and ETF funds are still accumulating. $BTC $ETH $ZEC
ETH is around 2695, currently testing the 2700 resistance, with 2544-2563 as key support below. A major whale transferred 42,000 ETH to Galaxy Digital, short-term selling pressure should be watched.
Today's focus: 16:00 Deribit $17 billion options expiration; 20:30 US durable goods orders; 22:00 consumer confidence index. Keep a close watch on BTC's 84,000 defense and ETH's 2700 breakout throughout the day.#美伊恢复接触，风险溢价会降吗？
The US and Iran held an indirect meeting lasting about three hours in New York, mediated by Qatar, discussing topics such as ceasefire, navigation through the Strait of Hormuz, maritime blockade, and asset freezes. Trump stated that the communication was productive, easing expectations rapidly, with Brent crude briefly falling below $100, hitting a low near $98 during the session.
However, the positive sentiment is only at the emotional level; no substantive agreement was reached, and Iran maintained its original negotiation stance, firmly reiterating it will not compromise with the US. Once the news broke, oil prices quickly rebounded, returning to around $103.
The oil price movement of falling first then rising fully illustrates that the current market pricing is highly tied to the progress of geopolitical negotiations, with significant emotional volatility.
Currently, it is only the start of dialogue, and there is still a long way to go before an agreement is reached. The key points to watch going forward are: whether a ceasefire can be implemented and whether navigation through the Strait of Hormuz can be restored.
If the negotiations achieve substantial breakthroughs, the geopolitical risk premium in the energy sector is expected to decline, which would to some extent alleviate global inflation and high interest rate pressures. Conversely, if negotiations stall or break down, with repeated instability in the Middle East, oil prices will likely remain volatile at high levels, and global major asset classes will continue to face pressure.
The market has not immediately moved into a one-sided trend, reflecting the ongoing uncertainty in this game.Costco Q4 net sales reached $93.9 billion, up 11.2% year-over-year, but the stock price softened slightly after hours.
Noted: EPS reported at $6.75, including a one-time tariff rebate gain of $0.15; excluding that, net profit still rose over 12%. The number of warehouses in the US, Canada, and Puerto Rico reached 647, steadily climbing over nearly six years on the fiscal chart.
Same-store sales reported +9.4%, and excluding oil prices and exchange rates, still +6.7%.
Plans to open about 33 new warehouses next year, with capital expenditures around $7.5 billion.
My view: This growth driven by store expansion and member loyalty is more solid than slogans, but the short-term valuation is already not cheap.
My approach: First watch if $COST can hold above the 890 level before considering adding positions; if it fails, same-store sales will fall back to low single digits and renewal rates will clearly weaken.
Do you trust the moat in the financial report more, or this after-hours pullback?
$COST $BTC $IBIT
#EarningsObserver: Costco beats expectations, Micron takes over #BTC rallies then falls back, is market rotation starting?$DOGE has just completed a "break above the 200-day moving average followed by a pullback confirmation," turning bullish in the mid-to-long term. This pullback is a buying opportunity, not the end of the trend.
Current market situation:
The current price is about $0.095. On 9/23, it once surged to $0.105 (a three-month high), then sharply dropped 8% with the broader market, stabilizing right at the $0.0918 support.
Previously, it broke above the 200-day moving average ($0.088) with volume, the first time since this bear market began, which is a technical trend reversal signal; the price remains above this line, so the structure is intact.
RSI has fallen from an overbought 72 to 59, releasing the excessive bullish sentiment. MACD is still above zero with a bullish alignment, indicating upward momentum remains.
Key levels:
Support: $0.091 (previous low) → $0.088 (200-day moving average, lifeline) → $0.083 (50-day moving average). Consider scaling in on pullbacks at these levels.
Resistance: $0.10 (psychological barrier) → $0.105 (previous high). If volume breaks above $0.105, it opens the path to $0.117 and $0.155.
Catalysts are accumulating: DOGE spot ETF net inflows hit a one-month high, whales have quietly accumulated hundreds of millions of tokens, X is integrating with major exchanges, and SpaceX’s DOGE-1 lunar satellite is scheduled for launch in 2027. Once the Meme + Musk narrative ignites during altcoin season, DOGE’s volatility will be significant.
Strategy: Do not chase above $0.10. Test $0.091 lightly, build heavy positions near $0.088, and exit if it breaks below $0.083. Genius co-founder came out to respond.
The core is just three sentences: points are extra benefits, the rules will be adjusted, and my own coins will not be unlocked before the users'.
First question: Does this response count as sincerity?
It does, but only halfway.
He made it clear that "points are not a promise," which is like a preemptive warning.
Second question: So why are users still unhappy?
Because everyone is chasing the airdrop expectation, not that small transaction fee rebate.
When trading volume drops, the points issued daily decrease; this logic itself is fine, but changing the rules before issuing coins makes everyone uneasy.
Final question: What should we watch now?
Watch whether he locks his own coins and for how long.
Keep the verbal promise in mind, but the on-chain unlock schedule is the real signal.
I'm not taking sides in this wave; I'll wait for the unlock data to come out first.
#CME拟推BCH与UNI期货 $BTC ARB has dropped 34 times from its ATH, do you see an opportunity or... a pit? 😂
From $2.40 down to around $0.075 — the chart looks like it just fell from the 34th floor to the basement.
But Arbitrum still has an ecosystem, real trading, and actual revenue.
I'm accumulating ARB in parts, not going all-in.
Unlocks are still ongoing, so patience remains the key.
Buy the bottom and get rich, buy the wrong “fake bottom” and become a long-term shareholder! 🤣
$ARB $ZEC ZEC has rebounded above 1550 since 14:55 last night (reason analysis), with the core drivers of this round of rally as follows:
1. Continuous institutional capital deployment, product implementation brings incremental growth
Grayscale Zcash fund ZCSH asset management scale is approaching $890 million, setting a new record; Europe's first physical ZEC ETP was listed on September 22 on the Paris and Amsterdam exchanges, broadening institutional allocation channels and solidifying the bottom support for the coin price.
2. BTC capital spillover narrative continues to ferment
Market views circulate: ZEC in 2026 is comparable to ETH in 2021, continuously absorbing overflow funds from Bitcoin. BTC has a huge scale, and even a small portion of funds rotating to ZEC with a market cap of 26 billion can form a strong buying force; combined with privacy + quantum-resistant asset hedging logic, funds continue to diversify allocation.
3. Dual benefits from mining and ecosystem support
ZEC mining company Fortitude Mining has increased DCG credit line to $50 million, with funds settled in ZEC, used to purchase 9,000 ASIC miners to expand computing power, reflecting long-term confidence from industry players and strengthening network security and coin holding demand; Nym mixnet integrates with Zcash wallet.
4. Technical resistance to decline + upgrade expectations trigger FOMO
The market rejects deep pullbacks, with strong capital support. The market continues to speculate on the NU7 upgrade (expected activation on November 5, optimizing performance and handling Sprout pool funds).Whale long-short ratio is 0.91, not favoring the shorts
On Hyperliquid, whales have opened a total of $9.373 billion in positions.
Long positions are $4.469 billion, short positions are $4.904 billion.
How this number is calculated:
The long-short ratio is shorts divided by longs, 4.904 divided by 4.469, which equals 1.1.
Reversed, 0.91 is longs divided by shorts.
Both numbers describe the same thing, just in opposite directions.
Who is holding on:
A giant whale shorted $ETH with 5x full leverage at $2304.
Currently, the unrealized loss is $40.24 million.
5x full leverage means if losses exceed the principal, the system automatically liquidates the position.
If the price moves up from this level, his position will be passively reduced.
With the long-short ratio close to one, neither side has a big advantage.
What really determines the direction is how much longer that short can hold out.
#CME拟推BCH与UNI期货 $ETH A 5% yield on U.S. Treasury bonds acts like a pump, drawing away idle money from the market and drying up coins that survive on stories. The fact that Dogecoin wasn't drained is worth writing about itself.
Its confidence doesn't lie in narratives but in everyday use in wallets. Tipping creators, pooling funds for charity, sending small cross-border transfers—transaction fees are just a few cents, and blocks are confirmed in a minute. These actions repeat daily on the chain, with no whitepaper promises, no lock-up or unlock schedules, no hype calls, and no one showing off profits.
Most crypto assets die in the same place: once the story ends, the use case ends. Dogecoin is the opposite; its use case is its starting point. Merchants accept it because it settles quickly; users hold it because it can be spent. A coin used as money and a coin speculated as a token have two very different destinies.
High interest rates eliminate idle pools, leaving networks with real transaction flows. $DOGE doesn't promise anyone will get rich, but when the faucet tightens, the pipes that still flow are themselves an answer to whether it’s worth anything.Day 26, single-day profit ¥18,005.37, the account finally turned profitable, achieving positive returns for 3 consecutive days, slowly climbing out from a 4-day continuous major drawdown. $BTC $ETH
The crypto market on September 23 was a double blow to both bulls and bears. BTC once surged to $87,000, then quickly fell back to $84,015; ETH dropped below $2,700, hitting a low of $2,651. About $389 million worth of liquidations occurred across the network in 12 hours, mostly long positions.
The core pressure behind this decline remains the macro environment. US Treasury yields continued to rise, with the 10-year yield briefly surpassing 5.11%, combined with the US September composite PMI rising to 58.4, the market renewed concerns about inflation and further rate hikes. Expectations for a rate hike in October also clearly increased, and rising oil prices further added pressure on risk assets.
After a loss of ¥8,175 on September 22, I completely reduced my position size and leverage, no longer blindly chasing rallies or panicking on dips. When BTC oscillated repeatedly above 86,000, I did not chase longs; when it broke below 85,000, I did not panic, only lightly tested longs near 83,500, and took timely profits near the 84,500 resistance level.
In 26 days, from loss to profitability again, the biggest gain this time was not predicting the market, but learning to control trading frequency and position size. Facing high volatility and macro uncertainty, making fewer mistakes is more important than frequent trades. Survive first, then talk about profits.Currently, BTC continues to maintain a 10x leverage long position, holding about 198 coins with an average cost of $82,160.4. Based on a mark price of approximately $84,332, the unrealized profit is about $430,000, with an account return rate of about 26.43%. From the position structure perspective, the margin rate remains at a relatively high level, with no obvious liquidation pressure for now, more like a trading approach of "adding positions with the trend and letting profits run." ETH also maintains a 10x long position, holding about 1,866 coins with an average cost of $2,559.65. Calculated at $2,679.31, the unrealized profit is about 87.24 ETH, with a return rate reaching 44.66%. Compared to BTC, this ETH long position's book return is more outstanding, indicating that ETH has stronger elasticity in this market or the entry point was more precise. Meanwhile, the SOL long position has already been realized. This position was established on September 18 and closed on September 24, with an average entry price of about $113.16 and an average exit price of $114.67, with a scale of about 110,000 SOL, ultimately achieving a profit of about $154,000 and a return rate of about 12.37%. Although the price increase was limited, under 10x leverage and large position support, the absolute profit remains considerable. Combining the latest market conditions, BTC recently once broke through $86,000 and refreshed the stage high, but then experienced significant volatility due to the rise in US Treasury yields; ETH also once challenged around $2,800 before falling back. Additionally, on September 25 BT