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Over the weekend, the bull market seems to have moved again... $BTC peaked at $79,401, then climbed back to around 77,700, with the lowest just hitting 77,000; $ETH fell from 2,535 to 2,418, $SOL also fell from 107.5 to 101.8. The drop isn't scary, but the account experience is definitely tough. There are two areas to watch separately for this pullback. After nine consecutive trading days of inflows, the US BTC spot ETF saw a net outflow of about $202 million on Friday. One day of outflows didn't overturn all previous funds, but buying did come to a halt. Instead, ETH ETFs continued to see a net inflow of about $102 million that day, with funds not fully withdrawing from the crypto space, more like swapping positions between BTC and ETH. The real answer will wait for the US stock market to open tonight. BTC is eyeing $77,000 first. If it holds here, the market still has a chance to pull back to 79,000; Only after it holds above 79,000 can the price continue to negotiate between 80,000 and 81,500. A brief push during the session doesn't count; a pullback only counts. If 77,000 is broken down on high volume and the rebound fails to recover, the next phase will most likely target 75,500–76,000. At that point, counterfeit prices won't just be "small pullbacks"; already weak coins like DOGE and XRP may need to be pushed further. ETH's $2400 level is also very important. Although ETF funds are still buying, the price has already returned to 2418, indicating selling pressure is not light. If 2400 can hold, it can test 2450–2500 again;I heard there was another clash between the US and Iran last night.
🛩️ What happened last night?
In the late night of August 30 Beijing time, the US military launched an airstrike on Larak Island near the Strait of Hormuz in Iran. This was the first military action taken by the US against Iran in over a month since July 29.
#WalshInflationRisk #BTCGoldCorrelation #SchwabExpandsCrypto 🔥$BTC is like a decent middle-aged person, it doesn't get wild when it rises, nor does it make a fuss when it falls.
People holding BTC these days shouldn't be too tense: In August, it rebounded strongly from just over 60,000 to 81,000, a pretty sharp increase, but once they hear "Fed leaning hawkish," it shrinks back to 78,000–79,000, like an employee immediately putting their legs down when the boss says attendance will be checked. It’s not like meme coins that go crazy every day, nor like platform tokens that constantly run promotions; it mainly plays the "slow bull attempt + macro pressure" game.
Good news: ETFs are not completely out of the picture; in the first 9 days of August, about 3 billion flowed in, with just over 200 million flowing out on Friday alone, which counts as "catching a breath" rather than "running away"; long-term holders on-chain are still accumulating, exchange balances are relatively low, so selling pressure isn’t casual.
Bad news: Wash speeches, September rate decisions, crude oil, and geopolitical volatility will all make it sneeze; chasing gains above 79,000 is easily discouraged by resistance at 81,000, while panic below 77,000 tends to lead to selling at the bottom.
The most worry-free strategy: Treat 77,000–79,000 as a dollar-cost averaging observation zone; if it breaks through 81,000 and then retests without breaking down, add more; if it breaks below 77,000, look at 74,000 before reassessing. Avoid full positions, no leverage, and don’t follow group chat pump calls. BTC’s sense of humor is that it doesn’t promise to make you rich next week, but every time macro liquidity loosens a bit, it lifts its head before bank fixed deposits do. Treat it as "digital gold for workers" rather than a lottery ticket, and you’ll sleep better. $BTC The valuation logic of the crypto market is undergoing a fundamental change — gradually shifting from hype around concepts to focusing on revenue❗️💹
Bitwise's Chief Investment Officer put it bluntly: "Nowadays, except for $BTC, the value of crypto assets is increasingly measured by the same standards as stocks and bonds: revenue."
There are several turning points here:
First, regulatory easing. The SEC lost the Ripple case, and with the new chairman in office, tokens distributing revenue to holders are no longer considered "illegal securities offerings."
Second, the decentralized exchange Hyperliquid uses 97% of its fee income to repurchase and burn $HYPE on the secondary market. Over the past year, the protocol's revenue was $871 million, with a market cap of $13.46 billion, a valuation multiple of 15x.
Grayscale also listed the 15 highest-revenue on-chain protocols; $PUMP generated $459 million in revenue, with a market cap of $456 million, a valuation multiple close to 1x. Many crypto assets with substantial revenue have valuation multiples even in the single digits.
Institutional price targets: Bernstein expects $150,000 by year-end, Standard Chartered $100,000, and possibly up to $250,000.
BTC has no cash flow and is not suitable for traditional P/E valuation. It follows the "digital gold" path — priced based on scarcity, decentralization, and macro hedge narratives $BTC #BTC高位多空拉锯，黄金联动增强 $SOLBTC is now just above 78,000, still quite a distance from last year's high of 126,000 on October 12, and it has been declining this year. The strong performance in August was mainly driven by ETFs and short squeeze; the fundamentals have not immediately turned bullish. Short-term forecast: September will most likely fluctuate between 73,000 and 83,000, waiting for macroeconomic news. If September closes above 80,000, the probability of reaching 90,000–100,000 in the fourth quarter will significantly increase. At this stage, it is more suitable to build positions gradually rather than chasing highs.
$BTC The biggest feature of the A-share market in the past month is "intense competition," stuck around 3300 points without breaking through, with volume shrinking every day.
Sector rotation is ridiculously fast; it’s AI in the morning, then switches to new energy in the afternoon, chasing in just leads to losses.
One consumer sector leader I hold heavily exceeded expectations in the mid-year report, but ended up opening high and closing low, directly tanking.
After spending time in the stock market, you realize that in this zero-sum game, liquidity is king.
Looking at the crypto space, the situation is similar but also different; $BTC has been sideways near 60,000 USD for almost three weeks.
Volatility is suppressed very low, but on-chain data shows whales quietly accumulating, somewhat like the calm before the storm.
My stock trading experience tells me that after extremely low volume, there’s usually a directional choice; both stock and crypto markets are waiting for a turning point.
Don’t bet heavily before the direction is clear, or you’ll get hit from both sides.
Now I only keep a base position in stocks, watching the exchange rate changes of $ETH and $SOL.
Remember, the core principle in a choppy market is summed up in four words: survival first.
Wait for volume signals before considering entering on the right side; don’t always try to buy at the lowest point.
In this market, minimizing losses is equivalent to making a profit.Key Focus: September Rate Hike Expectations Reignite｜BTC Support at $78,000｜ETH Capital Relay｜September 13 Crypto ETF Approval Window｜CLARITY Act｜Friday Nonfarm Payroll｜NVDA and U.S. Treasuries On the last trading day of August, the market did not face an ordinary Monday but rather the true starting point of a policy and macro validation period following a strong rally. Core Analysis: BTC surged from about $64,000 in early August to nearly $81,200, with a monthly gain exceeding 20%; ETH performed even stronger, rising from around $1,900 to nearly $2,550 within the month. The main drivers behind the market rally over the past month were ETF capital, policy expectations, and the return of risk appetite. However, as September begins, the market environment is changing. At the Jackson Hole Symposium, Federal Reserve Chair Warsh clearly reprioritized anti-inflation efforts in policy and stated that if it cannot be confirmed that underlying inflation is sustainably returning to 2%, the Fed still has work to do. The market quickly repriced afterward; CME data shows the probability of a September FOMC rate hike rose from about 35% to approximately 56%, the 10-year U.S. Treasury yield climbed to about 4.72%, and both U.S. stocks and BTC came under pressure simultaneously. This means the trading logic for September has shifted: August traded on "policy pivot + liquidity improvement + ETF capital inflow"; starting in September, trading focuses on whether inflation can continue to decline, whether the Fed will hike rates again, and whether high-valuation risk assets can still absorb more.In the past 24 hours, the crypto market saw a total liquidation of $346 million. Compared to the previous 474 million liquidation, this wave is not historic, but the trigger for this round of decline is completely different from previous contract trading and liquidations. On the morning of August 31, the market suddenly plunged, triggered by geopolitical news. External risk sentiment quickly spread to the crypto world, directly causing a sharp market plunge and many positions being swept out before reacting. Looking at the data, the bulls suffered the most. 1. Long positions liquidated $248 million, short positions $97.61 million, with long positions accounting for over 70%, and investors chasing high prices becoming the main force in this liquidation. 2. By currency, BTC liquidations amounted to about $73.28 million, ETH liquidations reached $100 million, with the two major mainstream coins bearing most of the selling pressure. 3. Concentrated liquidations Within just one hour, the total liquidation reached $180 million, with 173 million in long positions being liquidated. The rapid crowding caused market volatility to be greatly amplified. Many people think this is another round of internal capital strangling each other, but the starting point of this round of decline is external news shock. This kind of geodynamic-driven market is the hardest to predict. Without technical indicators to warn in advance, the market is calm one moment ago, but once a piece of news drops, high-leverage positions are instantly destroyed. This also serves as a lesson for all contract participants. Technical aspects and indicators can be referenced, but they can never counter sudden external black swan events. No matter how perfect your chart analysis is, sudden news can be triggered directlyTonight's monthly chart closes with two sets of numbers placed side by side. Group 1: August +24% ($62.7k → $81.5k). Group 2: Only closed above 80k for one night, current price $77.9k (already below 78k). I don't chase intraday fluctuations, waiting for the closing structure. August was up all month, but the key level only stood overnight. Started at $62.7k, hit $81.5k mid-month, monthly gain +24% (bullish candle 21/31 days). But in 31 trading days, only one day closed above 80k. Current price $77.9k, -4.5% from month-high, already below 78k. The more it rises≠ the more it holds firm. That's why tonight's monthly closing is so important. Closing above $80.0k→ August gains have structural support, September starts bullish, and the extended look is $82.0k. Closing below $78.0k → rose for a month but 80k is a false breakout; in September, guard against pulldowns, and defend at $75.0k. I'm not betting on current sentiment, betting on tonight's close. The market is also saying "wait for confirmation." Perpetual OI 7-day -10% (deleveraging), fee +0.007% (not hot), spot volume 0.7x. BTC down 2% in the past week, SOL +6%—the market is sideways, high beta is still holding, but I won't chase BTC before the structure is confirmed. Answer the headline—False Breakout or New Beginning? My judgment: depends on tonight's close.The early morning public strategy was realized as expected, with the market rebounding to 4472 before facing pressure and declining, steadily pulling back in a single direction within the 36 key intervals.
No reliance on luck in trading; understanding the technical structure and key resistance allows every step in and out to be clear and composed. #沃什强调通胀风险，9月加息预期升温 $XAU $SNDK previously experienced a violent market surge driven by concentrated funds rapidly pushing it up in the short term, but from its historical peak, it directly entered a cliff-like crash with zero support, with an overall retracement exceeding 99%. The market was continuously suppressed by relentless early-stage chip distribution selling pressure, unable to hold up for more than a few hours before being smashed through.
Peers in the same sector like $BICO, $BEAT, $ALLO, $KAITO, and $APR all precisely captured the active buying brought by the loose liquidity released in this market cycle. The rhythm was clear, but $SNDK didn’t benefit at all from the sector rotation dividends, completely detached from the entire sector’s upward momentum. Instead, it remains trapped in its own independent downtrend channel, steadily declining along the short-term moving averages. Currently, the market has not undergone multiple rounds of sufficient turnover, and the risk of blindly entering to bet on a reversal has already reached an extremely high level $SNDK previously experienced a violent market surge driven by concentrated funds rapidly pushing it up in the short term, but from its historical peak, it directly entered a cliff-like crash with zero support, with an overall retracement exceeding 99%. The market was continuously suppressed by relentless early-stage chip distribution selling pressure, unable to hold up for more than a few hours before being smashed through.
Peers in the same sector like $BICO, $BEAT, $ALLO, $KAITO, and $APR all precisely captured the active buying brought by the loose liquidity released in this market cycle. The rhythm was clear, but $SNDK didn’t benefit at all from the sector rotation dividends, completely detached from the entire sector’s upward momentum. Instead, it remains trapped in its own independent downtrend channel, steadily declining along the short-term moving averages. Currently, the market has not undergone multiple rounds of sufficient turnover, and the risk of blindly entering to bet on a reversal has already reached an extremely high level Recently, the somewhat hawkish remarks by Fed's Waller have stirred the entire market, quickly heating up expectations for a rate hike in September. The two-year US Treasury yield surged significantly. Interestingly, many bond institutions remain skeptical and do not believe the Fed will actually raise rates. The reason is simple: Waller has previously shown a pattern of "talking tough but acting steady." In June, he expressed the need to strictly control inflation, but at the July FOMC meeting, the Fed chose to hold steady without a rate hike and failed to provide a reasonable explanation, causing long-term bond yields to spike. Having learned from this, institutions are now taking a wait-and-see approach, believing that verbal hawkishness alone is not enough; ultimately, it depends on economic data. Asset management institutions generally believe that even if the rhetoric is hawkish, if employment and inflation data decline, a September rate hike is very likely to be off the table. Goldman Sachs also warned of risks: if the Fed again does not hike in September and the explanation is vague, the US Treasury market could experience a sharp shock similar to July. Simply put, we are now in a phase of "hawkish talk, market skepticism." The core anchor for the final decision will be the upcoming economic data releases, which will also indirectly affect the performance of risk assets such as crypto and US stocks. Key data points in September: 1. September 5: US August Nonfarm Payrolls report 2. September 11: US August CPI inflation data 3. September 26: US August PCE Price Index (the Fed's most watched inflation indicator) 4. September 17-18: Fed FOMC meeting, announcing interest rate decision We can closely watch these time windows. The strength or weakness of the data will determine whether the Fed will raise rates or not. Also Last week we were still discussing rate cuts, today the probability of a rate hike has risen to 57%: Why can BTC still hold 77,000?
The most unusual thing in today's market is not that $BTC fell, but that despite so many negative factors weighing down, it still hasn't broken below the previous low.
Wash reiterated at Jackson Hole that the 2% inflation target cannot be shaken. In CME pricing, the probability of a 25 basis point rate hike in September has risen from 39.9% a week ago to about 57%.
At the same time, BTC spot ETFs ended their continuous inflows, with a net outflow of over $200 million in the latest trading day. The normal scenario would be a stronger dollar expectation and a collective pullback of risk assets.
As a result, BTC only fell back from around 79,100 at midnight to about 77,700, and the previous 76,800 level still hasn't been broken.
The real first to give way are the high Beta assets: $ETH dropped to around 2,417, a decline of over 2.5%; $SOL returned to around 102, a drop of over 4%. Funds are indeed withdrawing, but it currently looks more like a contraction from high volatility assets back to BTC, rather than a full exit from the crypto market.
So I won't directly consider 77,000 as the starting point of a crash now.
Holding 76,800 means the rate hike negative factors are still insufficient to break through support; retaking 79,400 means bears should be cautious as the news might have already been priced in.
Only a volume-driven break below 76,800 would mean the pressure of rate repricing truly hits the price, with the next target around 75,500.
#沃什强调通胀风险，9月加息预期升温 #BTC高位多空拉锯，黄金联动增强 In the past, Solana became the core market for Memecoin trading for a simple reason: cheap, fast, and low operational barriers. In contrast, Ethereum mainnet's past Gas costs and transaction experience were not friendly to small fund traders. But Robinhood Chain is trying to change that. It is built on the Ethereum ecosystem while offering lower costs, faster transaction experiences, and uses ETH as an important asset in the network ecosystem. Robinhood's official team is currently promoting this chain as the infrastructure for tokenizing real-world assets and Stock Tokens. More interestingly, Memecoin has already become one of the earliest and most active applications on Robinhood Chain. After launching in July this year, the network once reached about 3.6 million daily transactions and approximately $312 million TVL. However, currently, Memecoin and stablecoin activities on the chain clearly exceed those of tokenized stocks themselves. 🔥 What is truly worth noting is the new gameplay: You can not only trade Memecoin. The market is now beginning to try combining Memecoin with tokenized stock liquidity, such as: 📈 $NVDA 📈 $TSLA 📈 $INTC 📈 and other US stock assets Traders can participate in both crypto assets and tokenized stock markets on the same chain. This means Robinhoo 日本比特币财库公司Metaplanet将800枚比特币转入Coinbase Prime，或为出售做准备
据TradingBeats监测，日本最大比特币财库公司Metaplanet于8月31日将800枚比特币转入Coinbase Prime，可能计划出售。
Metaplanet是日本最大的比特币财库公司，其持仓动向一直受到加密市场关注。此次转移的800枚比特币，按当前价格计算价值数千万美元，转入交易所通常被视作出售前的准备动作。TradingBeats（原Hyperinsight）的链上监测数据揭示了这一操作，但尚未确认是否已实际卖出。Metaplanet此前曾多次增持比特币，此次转出与以往买入行为形成反差，可能反映其资产配置调整或部分获利了结。事件本身传递出机构在比特币高位或特定时间点存在流动性需求的信号。
市场影响：
潜在抛压：加密货币
- BTC（比特币）：Metaplanet将800枚BTC转入Coinbase Prime，若实际卖出将增加市场供给，对比特币短期价格形成压力，并可能影响市场情绪。
该操作属于机构持仓变动，虽然800枚比特币相对BTC现货日交易量占比有限，但$ZEC holdings surged by 11.86%, and it's important to distinguish whether this is driven by spot buying or by contract longs and shorts competing internally; Lookonchain's observation of large on-chain transfers shows no massive whale accumulation, mostly short-term speculative funds.
$SOL: While OI steadily rises, DefiLlama's TVL also climbs in sync, with on-chain activity matching the derivatives market heat, indicating a resonance between capital and fundamentals, making it much more reliable than ZEC.
$DOGE increased only slightly by +0.68% in 24h, with low liquidation amounts; the meme coin has not yet entered a collective frenzy and is only suitable for short-term quick in-and-out trades.
Strategy: Strict stop-loss is essential when speculating on ZEC's privacy narrative; SOL can be watched for dips to buy; DOGE should not be held long-term.
#嘉信理财拟新增SOL、AVAX与LINK
#马斯克回应大摩，3.5万亿美元营收或提前七年
#BTC高位多空拉锯，黄金联动增强 Wash Jackson Hole directly hawkish: PCE is still at 3.7%, the underlying trend has no substantial improvement, the 2% target is a hard constraint, and financial conditions are not tight. The probability of a rate hike in September has surged from about 30% to around 60%.
This is not just talk; he is establishing credibility. If the data is weak, a move in September is really possible. The dollar strengthens, risk assets come under pressure, and don't expect liquidity to ease immediately on the crypto side.
Inflation won't bow down, so rates are hard to cut. Trading should follow hawkish pricing first. #沃什强调通胀风险，9月加息预期升温 #$BTC 8.31 Morning Commentary
Geopolitical resurgence meets hawkish pricing, watch the mid-range of 4455 and wait for boundaries
Short term: rate hike repricing + 151,315 contracts creating an 11-month high crowded net long + SPDR three-day high-level reduction; Mid term: central bank gold purchases of 345 tons in the first half, China's 21 consecutive increases, South Korea restarting, $3 billion net inflow into ETFs in July. Plus, three dense repricing windows: 9/4 Nonfarm Payrolls, 9/11 CPI, 9/15-16 FOMC — this determines that now is not the time to place heavy bets, but to wait for prices to come to you.
Execution conclusion: HOLD current price, place orders waiting for boundaries
Go long at 4400-4425 (mid-term structure + central bank buying odds optimal zone), light short at 4509-4538 (short-term momentum + crowding hedge), execute one of the two; if it breaks below 4392 or rises back above 4550, corresponding plan is invalid. Exposure before Nonfarm should not exceed 2%. Current price 4455 is in the middle of the 4412-4520 range, no odds for chasing long or short, wait for boundaries to act.
Operation strategy
(Trend-following low long): Long at 4400-4425, stop loss 4390, target 4455-4490, break above watch 4509.
(Rebound short): Short at 4509-4538, stop loss 4555, target 4431-4435.
$XAU The three main drivers behind this pullback:
· The lingering impact of Warsh: After the Federal Reserve Chair's hawkish remarks, the market is still digesting expectations of a rate hike in September
· $6.4 billion options settlement: Last Friday BTC options expired, causing short-term speculative funds to exit and amplifying volatility
· Real technical resistance: The 200-day moving average at 78,670 repeatedly suppresses price breakthroughs, and on-chain data shows a dense supply zone of 975,000 BTC above 83,000 #沃什强调通胀风险，9月加息预期升温 The capital flow of the US spot Bitcoin ETF has finally changed. After nine consecutive trading days of net inflows, on August 28, BTC spot ETFs saw net outflows of about $200 million, ending the previous multi-day inflow trend. Meanwhile, $ETH ETFs remain strong, attracting about $100 million in inflows in a single day, further extending the inflow period. What could this mean? 👀 🟠 The first possibility: BTC short-term profit-taking $BTC previously briefly climbed back above $80,000. ETF outflows after a rapid rise do not necessarily mean institutions have turned bearish; it may simply be some funds locking in profits. Recently, $BTC has fallen from its high to the $77,000–$79,000 range, and the market is seeking direction again. 🔵 Second possibility: Funds starting to rotate to ETH While BTC ETFs cool down, ETH ETFs still receive ongoing financial support. This means some institutional funds may start to pay attention: ⚡ $ETH Potential recovery 🏦 of relative valuation 📈 ETH/BTC Diversification 🔥 of institutional allocations Funds spreading from BTC to mainstream altcoins However, I will not yet directly conclude this is a comprehensive "BTC → ETH major rotation." More noteworthy is whether short-term outflows from BTC ETFs will continue to expand, and whether ETH ETFs can maintain continuous net inflows.Behind the $390 million liquidation: The technical side had already revealed its hand, but too many chose to ignore it
In the past 24 hours, the total liquidation amount across all contracts hit $390 million, nearly 100,000 traders were completely wiped out by the market.
You might think this is just another routine fluctuation in the crypto market? After reviewing the liquidation timing distribution and long-short structure, it’s clear this is not a simple long-short game; it’s a targeted harvest orchestrated by excessive leverage crowding and key technical levels breaking.
The most striking point is that liquidations were almost entirely squeezed into the last 4 hours—$210 million liquidated in 4 hours, with longs accounting for $200 million, over 95%.
This means the price broke through several support levels in a very short time, and the long stop-loss orders piled below fell like dominoes.
Looking at the 24-hour long-short liquidation ratio, $270 million to $120 million, long losses are more than twice those of shorts.
This indicates that before the crash, the market was overwhelmingly bullish, funding rates stayed positive for a long time, and retail investors along with some institutions were adding leverage at highs, waiting for the price to break previous highs. When the direction reversed, these same-side positions, lacking sufficient counterparties, became the softest targets.
The largest single liquidation was on Aster-ETH, $6.12 million, likely a professional player or market maker forced out, reminding everyone: even the smartest money can’t withstand insufficient liquidity and excessive leverage.
Looking at BTCUSDT candlesticks, the price is hovering around $77,743, with intraday volatility over 3%, between a high of $79,388 and a low of $76,916, a clear short-term range.
The moving average system signals are even more intriguing: EMA169 is now at $77,736, and the price just broke below this key level; EMA172 and EMA144 at $78,290 and $78,028 respectively have formed resistance above.
This shows the short-term bullish trend is completely broken; any rebound to the $78,000–$78,300 area will be crushed by selling pressure.
More worrisome are the long-term EMAs: EMA676 and EMA576 at $71,620 and $72,445, indicating 6% to 8% more downside space.
If the price can’t hold around $76,900, the next target is directly around $72,000.
Meanwhile, the MACD indicator’s DIF line is -35.1, DEA is 97.8, and the histogram is at -265.8, expanding after a death cross with no sign of convergence, indicating bearish momentum is far from exhausted.
24-hour volume is 55,600 BTC, with a turnover of 4.3 billion USDT; volume-driven decline means selling pressure is real, not a low-volume drop. Funds buying the dip might just be fueling the rebound.
On the sentiment side, there’s a detail worth pondering: the chart clearly shows Michael Saylor posted “We're Ba.”, implying MicroStrategy remains bullish on Bitcoin, yet the market didn’t buy it and continued dropping from the $79,000 level.
This once again confirms the old rule—when the most steadfast bullish leader publicly shouts a call, it often means the short-term counterparties are gone, and the market is prone to reverse.
This is not conspiracy theory; it’s a natural law in liquidity games.
For spot holders, now you must closely watch the $76,900 to $77,000 support; if volume shrinks and it stabilizes, you can hold, but if it breaks down with volume, reduce positions quickly.
For contract traders, whether shorting or bottom-fishing is passive now; a safer approach is to wait for a rebound to the $78,200–$78,500 area to look for short signals, or wait for a volume breakout above $79,400 before considering right-side entry.
The most important lesson from this liquidation, where longs lost $200 million in 4 hours, is: even if you’re right on direction, too much leverage and no stop-loss will still cause you to fall before dawn.
The market always teaches risk lessons with real money; what we must do is not predict when the next storm will come, but ensure our positions can withstand any unexpected turbulence.
The $390 million liquidation is not the end, but the beginning of leverage structure rebalancing.
View every drop rationally; it’s both damage and a foundation for future opportunity.
May your positions always have room to breathe.
$BTC #BTC高位多空拉锯，黄金联动增强 📰 【Biden Urges Bank of Japan to "Do the Right Thing" on Monetary Policy】
BlockBeats reports that on August 31, U.S. Treasury Secretary Biden stated he expects Bank of Japan Governor Ueda Kazuo to "do the right thing" regarding monetary policy. When asked if the Bank of Japan should consider consecutive rate hikes to address the weak yen, Biden said, "I'm not going to tell them what to do. What I want to say is that I do believe we may have reached the end of Abenomics. Abenomics is a policy aimed at promoting reflation." Biden is expected to meet with Ueda Kazuo during the two-day G20 Finance Ministers and Central Bank Governors meeting in Asheville, North Carolina, on Monday. Biden made these remarks as the yen-dollar exchange rate fell below 160, following Japan's intervention a month ago...
The yen has depreciated again to 160, and Biden said Abenomics has run its course. This sounds like a warning about global liquidity. Historically, every time yen carry trades loosen, the crypto market is the first to get drained, and on-chain stablecoin liquidity might suffer as well. Don't just focus on meme coins; first, watch the macroeconomic signals. Do you think this round of yen weakness will have a big impact on on-chain funds? 👇👇👇
$BTC $ETH $BNB More than a decade ago, the dollar accounted for nearly 60% of global foreign exchange reserves, while gold's share was relatively limited. Today, central banks around the world are accelerating the diversification of reserve assets. The dollar remains the world's most important reserve currency, but gold is once again becoming the core choice for central bank asset allocation. Notably, the World Gold Council previously revised its data for the first quarter of 2026: the initial report showed a net gold purchase of about 244 tons by central banks, with some subsequent demand reclassified as over-the-counter trading and similar categories. Regardless of final data changes, the long-term trend of central banks worldwide increasing gold allocations remains unchanged. Meanwhile, discussions about the dollar's long-term purchasing power, U.S. fiscal pressures, and the global monetary system are heating up. Recently, there have also been more voices in the market about "de-dollarization" and diversification of reserve assets. Gold's advantages are simple: 🟡 no sovereign issuer 🟡, globally recognized 🟡 as a historic store of value. But here's the question: if gold represents a neutral reserve asset from the traditional era, will Bitcoin become the new option for the digital age? ⚡ Fixed 🌍 total supply, 24-hour global tradability 🔐, no central issuer 📱, and free cross-border transfer. Of course, $BTC current volatility is still much higher than gold, so it is difficult to replace gold or the dollar as reserve in the short term. But from gold regaining global capital and institutional attention, to Bitcoin gradually entering the traditional financial system, one trend is becoming increasingly clear: the uncertainCommon Reasons for Token Delisting on Exchanges & Background of CORE Delisting
⚠️ Risk Warning: The following are public rules and objective market analysis, not investment advice. Binance has not issued a separate special announcement for the CORE delisting; it was a decision made as part of a regular asset review.
I. Eight Core Evaluation Dimensions for Token Delisting by Exchanges (Binance)
Binance regularly reviews all listed assets and initiates delisting if standards are not met, mainly considering:
1. Team Commitment and Involvement: Whether the team continuously maintains the project and actively responds to exchange due diligence inquiries.
2. Development Activity: Whether GitHub code updates, roadmap implementation, and technical iterations continue.
3. Trading Volume and Liquidity: Long-term trading decline and poor order book depth often lead to delisting; poor liquidity causes slippage and dump risks for ordinary users.
4. Network Security and Stability: Public chain network failures, contract vulnerabilities, frequent security incidents.
5. Transparency and Community Communication: Whether the project team promptly discloses information and responds positively to major community issues.
6. Compliance Risks: Changes in local regulatory policies and the presence of securities classification risks.
7. Token Economic Risks: Unreasonable token issuance, large-scale unlocking and selling, major issues in the token model.
8. Presence of Fraud, Market Manipulation, or Other Unethical Behaviors.
⚠️ Key Point: Delisting ≠ project death; public chain nodes can still operate; however, it means losing liquidity from top exchanges, making it much harder for ordinary users to liquidate, and severely damaging market confidence.
II. Comprehensive Market Interpretation of Binance’s CORE Delisting
Binance did not provide a separate reason for CORE’s delisting; it was the result of batch reviews. The community generally believes it is due to multiple overlapping factors:
1. Continuous Decline in Market Liquidity
CORE had very high early popularity, but subsequent trading volume continuously shrank, and trading depth was insufficient, failing to meet exchange liquidity standards. Top exchanges need to ensure sufficient order book depth to protect ordinary traders.
2. Community Dissatisfaction with Project Communication
Many holders reported that after the delisting event, the project leadership did not issue targeted crisis responses and continued technical development at the original pace, lacking reassurance and explanations to the community. Community communication and transparency are important evaluation criteria in exchange reviews.
3. Token Selling Pressure and Narrative Falling Short of Expectations
The project’s early grand narrative as a "Bitcoin mining derivative public chain" did not meet market expectations in terms of ecosystem implementation and real user growth; large amounts of early tokens unlocked continuously exert selling pressure, causing prolonged price weakness and eroding community faith.
4. The Public Chain Project’s Own Realistic Difficulties
CORE belongs to the public chain sector, which is highly competitive and requires sustained ecosystem, DApp, and real user support; if ecosystem growth stagnates, even if the chain can still run, the exchange will judge it as lacking value.On the last day of August, the market reminded me once again: ETF funds are important, but using them directly to predict the next day's rise or fall can easily lead to losses.
From August 24 to 28, the net inflow of US spot BTC ETFs was about $925 million, and ETH ETFs about $816 million. However, on the last trading day Friday, BTC ETFs turned to a net outflow of $202 million, while ETH still had a net inflow of $102 million.
This morning on OKX, BTC was around $77,600, down 1.5% in 24 hours; ETH was about $2,417, down 2.6%. Despite stronger capital flow into ETH, its price was weaker.
So today, I’m first watching two things after the US market opens: whether ETF flows can continue, and whether ETH can stop its weakness relative to BTC. Until both signals improve together, I won’t chase gains just because “institutions are buying.” ETF data can lag sometimes, and the market is also affected by leverage and liquidity.
Data: Farside, OKX. Personal record, not investment advice.
$BTC $ETH There has never been a sustained one-sided strong market trend in September-October of any midterm election year; the only difference is the magnitude of the pullback.
When the market is mild, there is a slight pullback of 3%-8%;
When the market is fragile and macro pressures are present, there will be a deep phased pullback of over 15%.
Many retail investors wonder: why is it that in the midterm election years, market volatility systematically amplifies specifically in September and October?
Breaking down two underlying core logics, all are institutional consensus-level macro principles, with no subjective speculation:
First, the policy uncertainty premium of the midterm elections.
The U.S. midterm elections will rewrite the power structure of both houses of Congress, directly affecting subsequent fiscal policies, regulatory policies, and directions.
Before the results are finalized, the entire market is in a policy vacuum period.
All long-term funds will shrink risk exposure and reduce aggressive bets.
Collective risk aversion of funds directly leads to a weakening of market bullish momentum, making oscillations and pullbacks a phased norm.
Second, the widely recognized seasonal weakness effect of the U.S. stock market in September.
In the century-long seasonal statistics of the U.S. stock market, September is the month with the worst average returns and the highest probability of negative returns.
Behind this is a very fixed institutional behavior cycle: during summer, institutions take vacations and trading is light, with many risks temporarily set aside; every September, institutions return en masse, starting quarterly portfolio adjustments, coinciding with the phased redemption windows of public and private funds.
Concentrated selling pressure, portfolio adjustments and stock replacements, and risk repricing—these three forces combined naturally suppress market trends
#沃什强调通胀风险，9月加息预期升温 $BTC Market expectations for a 25 basis point rate hike by the Fed in September have recently heated up rapidly, with the futures market currently giving a probability of around 54%–57%. But I want to remind traders: a probability above 50% does not mean the outcome is certain. This simply means that the market currently believes the likelihood of a rate hike is slightly higher than keeping rates unchanged, rather than the Fed having already made a final decision. The latest news shows that after the Fed chair's hawkish speech, the market quickly repriced its September policy path, with rate hike expectations surging from about 36% to nearly 57%. However, upcoming U.S. employment data, inflation data, and changes in energy prices may once again alter market expectations. For $BTC, what really needs to be watched is not the "57%" figure, but rather: 📌 whether US employment data continues to weaken 📌, whether inflation is heating up again 📌, whether US Treasury yields keep rising 📌, and whether the dollar continues to strengthen. If future data supports stronger rate hike expectations, risk assets may come under pressure, and $BTC volatility could further expand. But if employment or inflation data fall short of expectations, the current hawkish pricing could be quickly corrected. The market is trading "possibilities," not "certainty." Don't blindly go long or short just because of a probability number. What really matters is whether the upcoming data will change the Fed's judgment #BTCGoldCorrelation #SchwabExpandsCrypto #AIS$HYPE Whale Position Observation
At a glance, this is no longer an ordinary retail investor game; it's a super whale group arena.
The top long position dominates alone, holding $116 million in long contracts, with a position gap leading the field, clearly a "dead long fortress."
1. This is not a simple long-short argument. The longs are lone wolves fighting solo, one wallet carrying the flag; the shorts are grouped, several big holders sharing the short positions.
If the longs want to push the price up, they are not fighting a single opponent but an entire short camp; conversely, if the shorts want to crash the price, they must beware that this giant whale might directly absorb all selling pressure.
2. This kind of position structure is prone to two extreme scenarios:
• Either the long funds are strong enough to forcibly blow up a bunch of shorts, triggering a short squeeze;
• Or if the longs show signs of reducing positions or withdrawing funds, a group of shorts will collectively push the price down, and the stampede will come very fast.
3. There is a very realistic detail: the top long position is far ahead, but the volume of the following longs quickly diminishes.
The 5th, 6th, and 9th largest long positions no longer have an advantage compared to the big short holders. The only truly capable long is actually that first address.
In other words: the long side of this coin highly depends on a single whale. Once this big holder wavers, the long forces will collapse by more than half.
The shorts use a pack of wolves tactic, while the longs are lone heroes. Once either side can’t hold, whether up or down, there will be big volatility, and those caught in the middle risk being hit by crossfire from both sides. In the past hour, during this slight pullback, Big Brother Maji had many positions liquidated, losing $1.5 million directly.
After the market temporarily stopped falling, he is slowly replenishing his long positions.
This is the fatal flaw of rolling high-leverage positions; the worst is this kind of back-and-forth choppy movement.
The liquidation price is very close, so even a slight move triggers stop losses, repeatedly cutting positions, which rapidly consumes principal.
The account balance visibly shrinks: previously there was $11 million, yesterday morning it was $8.8 million, and now only $6.5 million remains.
Current positions: $100 million long ETH, plus $10 million long BTC.
There are two possible scenarios ahead:
If a one-sided upward trend emerges, he can recover and turn things around;
If it falls back into choppy consolidation, frequent stop losses will continue, and the account will keep bleeding heavily. $BTC $ETH
Even big players with high leverage can't withstand choppy markets, so don't blindly copy his trading style. 🚨 Wash says "interest rate hike," trying to scare BTC off? Don't rush.
Wash emphasizes inflation risk, with expectations of a rate hike in September heating up, the crypto community's first reaction is simple:
Dollar strengthens → risk assets under pressure → BTC gets hit short-term.
But this feels more like a macro sentiment shock, not a sudden deterioration in BTC's fundamentals.
More importantly, BTC is now less sensitive to such news than before.
In 2021, similar news might have directly dropped BTC by 10%; now it's mostly a fluctuation within 5%, a quick dip, some leverage washout, then back to its own rhythm.
Because the real core driver of this BTC cycle is increasingly institutional allocation + ETF capital flow, rather than retail guessing the Fed's next move daily.
If it really falls to $58K–$60K due to macro panic, for those with cash and holding power, it might actually be a better spot opportunity.
As for contract traders—this kind of news often causes a double whammy for longs and shorts.
Reducing leverage or even staying out might be smarter than hard guessing.
Wash's shout = short-term negative sentiment.
If it really drops, look for opportunities.
If it doesn't, don't chase.
Instead of focusing on who said what, keep an eye on ETF capital flows, on-chain data, and BTC's real absorption strength.
#DailyOrbit SK Hynix is considering outsourcing the foundry production of HBM4E base chips to Intel, marking a key step toward supply chain diversification
SK Hynix is considering outsourcing part of the next-generation HBM (HBM4E) base chip production to Intel's foundry to replace the current single foundry pattern fully reliant on TSMC. This move aims to reduce supply chain concentration, enhance bargaining power, and improve cost competitiveness.
HBM (High Bandwidth Memory) is constructed by vertically stacking multiple DRAM chips, with the base chip being a key component connecting the logic and memory layers. Currently, SK Hynix outsources the foundry of the base chip entirely to TSMC. According to industry analysts, SK Hynix is promoting a multi-vendor foundry strategy, planning for TSMC and Intel to jointly produce base chips for HBM4E, possibly starting from the seventh-generation HBM product HBM4E. Since HBM products are mainly covered by long-term supply agreements (LTA), SK Hynix finds it difficult to pass on the rising foundry costs through direct price increases. Introducing Intel as a second supplier not only reduces dependence on TSMC but also provides greater flexibility in cost negotiations and supply stability. This news reflects that the AI computing power core hardware supply chain is undergoing structural adjustments, and the diversification trend in HBM production, as a key supporting component of AI chips, is worth attention.
Market impact:
Direct beneficiaries: semiconductor foundries
- INTC (Intel): If it secures SK Hynix's HBM4E base chip orders, it will significantly boost its foundry business revenue and market position, which is a positive for IntelA reminder: absolutely avoid heavy long positions at this level, as risks are quietly accumulating. BTC current price is 77800, it looks like it won't fall, but actually the resistance at 78400 is very strong, several attempts to break through have failed, which is a typical weak rebound pattern. What's worse is that interest rate hike expectations are rising, and risk assets could get hit hard again at any time. Once the 77300 support breaks, 77000 won't hold at all, heading straight to 76916 or even 76000. Those chasing longs will get wiped out. My painful lesson losing 200,000 U was betting heavily on direction at such an indecisive level, and a single bearish candle buried everything. Now I open a position with 5000 U, lightly probing: before 77300 breaks, small positions can try to catch a rebound, stop loss at 76900, target 78000 then exit; decisively short at 78400 resistance, stop loss 78900, targets 77300 and 77000. Never hold positions without stop loss, and never exceed a position size that lets you sleep peacefully. If it really breaks, don't hesitate; slow exits just provide liquidity for others. Survive first, opportunities come every day, but if your principal is gone, you have nothing. $BTC #马斯克回应大摩，3.5万亿美元营收或提前七年 #Moonwell与Avici接连出险，链上应用风控受审视
After the incident, Moonwell lowered the borrowing limit of all core markets on Base to 1 wei, effectively shutting down the lending function; Avici promised a full refund to 1,685 affected users, totaling about $500,000. The right actions were taken, but all were remedial.
Risk control for on-chain applications cannot rely solely on "whether the code has vulnerabilities." Moonwell's code had no vulnerabilities, but the oracle-dependent market could be manipulated; Avici's contract logic was fine, but the permission architecture could be abused. The attacker did not change the code but used an operation path that the system designers assumed "would not happen." This is not a technical issue but a governance issue—who approved putting MAMO on the collateral list, and who set Avici's upgrade permissions to single-signature. If these two issues are not resolved, the same attack pattern will come again with a low-liquidity token or a project with weak contract constraints.BTC breaks below $79K: Is capital really fleeing the market?
$BTC breaks below $79K, $ETH faces pressure simultaneously, and crypto ETFs are also seeing capital outflows. As expectations for interest rate cuts cool down, overvalued assets begin to be repriced.
But what truly deserves attention is the movement of capital on the other side.
Storage chip stocks like $MU and $SNDK continue to attract market attention, and the logic behind this is not just emotional speculation—AI computing power expansion is continuously driving up demand for storage like HBM and NAND, and capital expenditure on AI infrastructure still has strong support.
This creates an intriguing divergence:
The crypto market is compressing valuations, while the AI industry chain is trading on real demand.
If this trend continues, what might be happening in the market is not simply a "decline in risk appetite," but a deeper capital migration:
From high-valuation, high-volatility assets to growth directions supported by performance, demand, and industrial logic.
BTC's decline may just be superficial; what truly deserves observation is where the money is flowing.
#沃什强调通胀风险，9月加息预期升温
#BTC高位多空拉锯，黄金联动增强
#嘉信理财拟新增SOL、AVAX与LINK On the morning of August 31 Beijing time, the core change in the altcoin market is not "which coins are still rising," but that funds are spreading out from sectors and refocusing on localized clusters. $BTC fell 0.63% in 24 hours, $ETH dropped 1.65%, with ETH weakening again relative to BTC; $SOL's decline expanded to 3.36%, having retraced 5.47% from the intraday high. The mainstream base did not experience panic breakdowns, but support for high-risk assets has clearly weakened. This means the market has shifted from previous localized offensives to a more defensive contraction phase. It is currently not suitable to chase all gains on the leaderboard; more worth observing is which assets can maintain strong structures when the overall market weakens, and which only experience quick pullbacks after intraday spikes. 1. Yesterday's diffusion logic is failing: DeFi is left with only the leader strong. $UNI remains the most prominent high-liquidity asset, up 10.33% in 24 hours, with a trading volume of about $252 million, leading BTC by 10.96 percentage points. But note, UNI peaked at 5.493, currently retreating to 5.126, about 6.68% below the intraday high. The uptrend is not yet broken but has shifted from a unilateral acceleration to high-level turnover. More importantly, $AAVE fell 2.05%, $ENA dropped 7.65%, and $ONDO declined 1.91%. The previously possible DeFi diffusion has not continued; the sector has regressed from "multiple assets strengthening together" to "UNI as the sole support point." 🟡 A few days ago, the market was still in a greedy zone, with the Fear and Greed Index reaching 61. Market sentiment kept rising, and many people had assumed the market would blindly rise and leverage grew larger. Geopolitical news suddenly landed, and the US-Iran conflict escalated, leaving the market without a buffer and triggering a direct pullback. Opening the liquidation data reveals the cost: nearly 96,000 liquidations in 24 hours, totaling 392 million yuan. Long positions were the hardest-hit area, with BTC and ETH heavily liquidated. This round of decline targeted short-term chasing sentiment. Five-minute levels saw massive capital outflows, with major players leading the exit, short-term selling pressure concentrated and prices plunging rapidly. But looking at the long term, ETFs did not experience panic flights; BTC and ETH spot ETFs overall maintained net inflows, and institutions did not flee immediately after short-term corrections. Indicators have changed: the 4-hour RSI has fallen back, returning from overheated to near neutral, and AHR999 has returned to the dollar-cost averaging range. This indicates that this wave is merely cooling of frenzy, not a direct trend reversal. The liquidation heatchart clearly shows that during the decline, there is dense order support below. After the price drops to the corresponding level, bearish momentum begins to weaken. The most common mistake in trading is when everyone is emotionally excited and pushed to chase highers. When the greed index rises and everyone on the street is showing off profits, risk is actually quietly accumulating. News is just the trigger; the real root cause is the accumulation of too many highly leveraged long positions in the market. This downturn taught everyone a lesson: don't be swallowed by optimism when prices rise, okay2026.8.31 ETH Intraday Analysis:
Yesterday, ETH surged near 2535 but then fell back, continuing to decline and eventually breaking below 2500 and 2450. In the early hours today, the lowest point reached 2388. The price has now rebounded to around 2415 but still hasn't reclaimed the key moving averages.
In the short term, it is basically considered a pullback. Currently, 2400 is the battleground between bulls and bears, with resistance for the rebound between 2423-2465.
Therefore, don't rush to bottom-fish just because of the rebound from 2388 today. If 2400 holds, watch for a rebound; if 2465 is recovered, the structure is repaired; if 2388 breaks, continue to follow the bearish trend.⚠️ Risk warning: The following are market observation insights and do not constitute any investment advice. A few days ago, the market was still in a greedy zone, with the Fear and Greed Index reaching 61. Market sentiment kept rising, and many people had already assumed the market would move blindly upward, with leverage growing larger and larger. Geopolitical news suddenly emerged, and the US-Iran conflict escalated. The market left no buffer and immediately faced a pullback. Opening the liquidation data reveals the cost: nearly 96,000 liquidations in 24 hours, totaling 392 million yuan. Long positions are the hardest-hit areas, with BTC and ETH heavily wiped out long positions. This round of decline is targeting short-term chasing sentiment. Five-minute capital outflows are severe, with major players leading exits, short-term selling pressure concentrated, and prices plunging rapidly. But looking at the long term, ETFs have not experienced panic flight; BTC and ETH spot ETFs have generally maintained net inflows, and institutions have not exited due to short-term pullbacks. Indicators have already changed: the 4-hour RSI has fallen back, returning from overheated to near neutral, and AHR999 has returned to the dollar-cost averaging range. This indicates that this wave is merely cooling frenzy, not a direct trend reversal. The liquidation heatmap clearly shows dense order support below the decline; after the price drops to the corresponding level, bearish momentum begins to weaken. The most common mistake in trading is when everyone is emotionally excited and driven by the market to chase highers. When the greed index rises and everyone on the street shows profits, risk is actually quietly accumulating. News is just the trigger; the real root cause is the accumulation of too many high-leverage long positions in the market. ThisIs $BTC rising just to fall better? Not necessarily, but some always mistake a rebound for a reversal.
$BTC at 79,000, $ETH at 2,535, $SOL at 106, the three brothers are all bouncing, and then the comment section starts shouting that the bull is back. But think carefully: has volume appeared? Is there a new narrative? Or is it just catching a breath after falling too much? #BTC high-level tug-of-war between bulls and bears, gold linkage strengthens
In a bear market, one big bullish candle is called a reversal; in a bull market, one big bearish candle is called a crash. This mentality is always one step behind the market.
Negative news has actually never stopped.
Wash directly hawked at Jackson Hole, saying inflation is "still too high," with PCE up 3.7% year-over-year, exceeding the 2% target for 65 consecutive months. He also added, "It's hard to describe the overall financial environment as restrictive," meaning—don't expect me to stop. The market immediately pushed the probability of a September rate hike from 35% to 60%, $BTC dropped straight from 80,000 to below 77,000, with $474 million liquidated in 24 hours, and over 90,000 people wiped out. #Wash emphasizes inflation risk, September rate hike expectations heat up
This kind of news used to be enough to smash through the bottom, but now? $BTC bounced back to 79,000, $ETH touched 2,535, and the market surprisingly didn't crash. It's not that the negative news isn't harsh enough; funds are still buying at the bottom, it can't fall further. #Gold ETF large inflows, how safe-haven funds are reallocating
But not falling further doesn't mean it will rise. No volume, no narrative, and rate hike expectations still pressing.$BTC opened at 77,600 USD, slightly down 0.8% in 24 hours.
Sentiment has directly dropped from greed to 62, down two levels from the repeated 74 on 8-26, showing a clear decline in the willingness to chase highs.
What really needs attention is this channel, which hasn't moved for a full year and three days since August 28. Off-market funds would rather stay in the two major USD stablecoins totaling 257.2 billion USD to watch the show than enter the market.
The USD index at 99.65 and the US 10-year bond yield at 4.725% are both flat, which actually gives a direction. The round number 80,000 has been broken for two days; holding the 77,000 level is considered stable, but if it fails, it will fall back to 76,000 to find a bottom.GPS, 0.00976, up 2.37% in 24 hours. If you only look at 7 days — down 17%. Yes, you read that right. A company that sells jeans, after being tokenized, has started trading on OKX. Gap Inc., ticker GPS on the New York Stock Exchange. A traditional retail giant, known worldwide. But its tokenized product, the GPSUSDT perpetual contract, doesn’t seem to enjoy a “brand premium”; instead, it’s struggling a bit. The candlestick moved from 0.00895 up to 0.00983, pulled back, then sideways. J value is 103, triple digits, seriously overbought. Open interest on the daily level keeps declining, the funding rate is negative, from -0.145% to -0.203%, shorts are paying interest, indicating more people are shorting. Honestly, these tokenized traditional asset products have a logic similar to SPCX, but their status is very different — SpaceX is a leader in aerospace, Gap just sells clothes. Even though both are “stock tokens,” the market pricing logic is completely different. So my view is straightforward: tokenization, no matter how well packaged, won’t change the underlying asset’s value. Gap’s clothes are still the same clothes, revenue is still the same revenue. Tokenization is not a money printer; it just gives you a more convenient trading channel. 0.0098 was touched but not passed, 0.0094 is short-term support. If you want to participate, don’t get carried away just because of the word “tokenization,” first see if it’s worth it. Do you think tokenized stocks are worth buying? A. Worth it, convenient for trading B. Not worth it BTC surged four times, but each time it failed to hold.
This level seems to be welded shut.
The reason is the same as before — a large accumulation of long-term holders' chips in the 81,000-86,000 range. After Bitcoin touched 80,000, long-term holders took profits significantly more than short-term holders. Above 80,000 is a dense chip zone from earlier stages; every time the price approaches this area, a large amount of sell orders emerge. The options market is also locking the ceiling — a large concentration of call options is at the 80,000 strike price, and market makers' hedging behavior creates natural selling pressure as the price nears 80,000.
But this time there is indeed a new variable: whales are buying, retail investors are selling, and chips are changing hands.
In the past week, Bitcoin whale addresses increased their holdings by 39,154 BTC, worth about 3 billion USD. Retail investors are selling during the rally, while big money is buying. Santiment data shows that whale addresses holding over 1,000 BTC are accelerating accumulation. This is different from the previous three attempts to break 80,000 — before, it was shorts being forced to cover pushing the price up; this time, someone is actively buying.$BTC The original contract was previously waiting for the long bond repurchase expansion on September 9, with bank reserves, stablecoins, and spot trading improving simultaneously; the latest review is still being verified, and no dollar-cost averaging has started.
Bank reserves fell by 0.35% in the latest week to about $2.925 trillion, with the TGA still high at about $950.7 billion. Stablecoins increased by 0.47% over the week, but the total is still about 1.45% lower than the original review snapshot. BTC fell about 1.54% relative to the original contract close, while the cash benchmark was roughly flat over the same period; Square sampling still focuses mainly on short-term rebounds, ETFs, options, and liquidation narratives, with considerable attention.
The original judgment has not been overturned: the bond market structure improvement has not yet translated into total liquidity in crypto. Continue to observe the four weeks after implementation on September 9; if reserves, stablecoins, and spot trading remain unsynchronized, the significant improvement hypothesis fails.
#BTC成交萎缩，ETF买盘能否回暖 Understanding Big Brother Maji's Trading Pain Points: The Biggest Fear of High Leverage Is Not the Downtrend
Big Brother Maji's recent trading style is actually very worth reviewing and referencing for all leverage traders.
In a purely trending bullish market, the aggressive strategy of continuously adding to floating profits has extremely strong profit explosion power.
But as soon as Bitcoin and Ethereum end their one-sided rise and enter a high-level repeated grinding phase, risks quickly become exposed.
Recently, the overall market has been very flat, with BTC and ETH basically having no large bearish candles.
Just slight back-and-forth fluctuations and weak retracements have already caused his account equity to noticeably retract.
His account size quietly shrank from the initial tens of millions to around 8.8 million USD.
No huge losses, no dumping, it was entirely due to frequent stop-loss triggers and passive position adjustments, which eroded all floating profits.
Currently, his overall long position size remains very large, with total holdings valued at 114 million USD.
The focus is entirely on $ETH, with nearly 100 million USD in single-coin holdings, built at a cost of 2463.
The overall safety buffer is not thick, with the forced liquidation critical point at 2307, leaving very limited room for error.
At the same time, the $BTC position still maintains a high-leverage aggressive layout, with overall risk exposure fully stretched.
So the real test is not the recent rise, but the upcoming market rhythm.
If $SOL can continue its trend of consecutive bullish candles, his rolling compounding mode can keep capturing the full market dividends.
Once the market stagnates and oscillates or enters a phase correction, the previously earned substantial profits will quickly be given back.
Those who play high leverage long-term understand a core logic:
The aggressive adding-to-position mode is not afraid of rapid one-sided drops, but fears endless high-level oscillation and washouts.
Trending markets are profit amplifiers for high-leverage traders, while oscillating grinding markets are the ultimate harvesters for all heavy long positionsOn August 8, I cleared my photovoltaic position, converting almost 59,000 yuan into $BTC. After seeing the trade, my friends said I was too aggressive. As a result, the market continued to fluctuate, with the index once falling back to around 2900 points, while BTC slowly recovered from its lows and climbed back above $67,000. This kind of misalignment is indeed more thrilling than a roller coaster. $ETH Here, I placed a buy order near $2,280 in advance. When the price pulled back, I was just executed, then rebounded to around $2,430 and chose to take profits. I've been doing similar short-term opportunities several times recently, not to guess the top, but to wait for the market to give a discount. Later, I became more certain of one thing: don't fall in love with a downtrend, and don't wait for so-called "big news" to save your position. If you're wrong, just accept it. 📌 My trading habits have become simpler: perpetual contract rates are noticeably negative→ I pay attention to short-term oversold conditions, funding rates have turned positive again and sentiment is overheated. → Not chasing, even considering reducing positions. Volume support appears near key support → Then I observe whether it's worth selling. In late August, when traditional markets experienced significant volatility, the crypto world temporarily showed relatively independent resilience. This made me realize that capital isn't simply withdrawing from risk assets, but constantly searching for new places to settle between different markets and assets. 🔥 The biggest gain this month wasn't how much I earned, but finally learning to admit mistakes. Switching tracks doesn't mean poor ability. Sometimes it's not that your trading methods aren't good,Japan's 10-year government bond yield rises to 2.950%, hitting a nearly 30-year high
Japan's 10-year government bond yield increased by 2.5 basis points to 2.950%, reaching the highest level since September 1996, reflecting heightened market expectations for further tightening by the Bank of Japan.
On August 31, Japan's 10-year government bond yield broke through the 2.95% mark, reaching the highest point since September 1996. This change was mainly driven by the Bank of Japan's continued reduction in bond purchases, market repricing of the rate hike path, and persistent global inflation. As the last developed economy to maintain ultra-loose monetary policy, the rise in Japanese interest rates is reshaping global capital flows, with notable impacts on carry trades and the yen exchange rate. This yield increase is not an isolated event; the Bank of Japan has previously raised policy rates multiple times and signaled further normalization of monetary policy.
The rise in Japanese government bond yields primarily reflects the domestic monetary policy normalization process and currently has no direct or clear transmission path to the crypto market or traditional risk assets. The current impact is mainly seen in yen exchange rate fluctuations and global arbitrage capital rebalancing, but more data is needed to confirm whether this will form a trend shock. Investors should monitor upcoming Bank of Japan meetings and inflation data to assess the potential chain reaction on global liquidity.$CORE This address 0x00000000000000000000000000001000 is the system precompiled contract of the Core chain, not a project wallet.
Based on the browser screenshot you provided, we can interpret the behavior of this address from the following key points to alleviate your concerns:
1. This is a "system address," not a "personal wallet"
* Identification: The address ends with 1000, with all preceding digits being 0. In EVM-compatible chains (such as Core, Ethereum), addresses from 0x000...0001 to 0x000...00ff are usually reserved for system-level precompiled contracts.
* Function: It does not hold funds but is responsible for executing system-level operations (such as signature verification, handling staking logic, etc.).
2. Interpretation of screenshot data: It is "receiving money," not "sending money"
Please carefully look at the transaction list in the screenshot:
* Direction: The "To" column for all transactions is this address, and the status shows a green "In." This means tokens are flowing into this address, not out.
* Amount: The amounts are very small (e.g., 0.003867 CORE, 0.015885 CORE).
* Behavior: This is typical staking or delegation activity. Users transfer their CORE tokens into the system contract for staking to earn rewards. 🚨 $BTC BREAKS $79K — BUT MONEY ISN’T LEAVING THE MARKET
$BTC loses the $79K level, $ETH follows lower, and ETF outflows are adding pressure as rate expectations turn less friendly.
But here’s what caught my attention 👀
Memory-chip stocks are telling a completely different story.
$MU, $SNDK, and the broader AI infrastructure space are still finding support from real HBM and NAND demand.
That divergence matters.
Crypto is getting sold on valuation and macro fears.
#DailyOrbit BTC and ETH weaken simultaneously, ZEC and HYPE fall faster: Are hot coins starting to catch up with the decline?
Today's market doesn't look like a full collapse, but more like funds are retreating according to risk levels.
$BTC has dropped about 1.3%, $ETH's decline has expanded to around 2%; the most sought-after $ZEC and $HYPE from a few days ago have fallen even faster, with intraday drops close to 4%. As the mainstream weakens, high-volatility coins have already started giving back profits.
This is the most typical sequence of a hot coin retreat:
First, BTC fails to break 80,000, and incremental funds stop chasing;
Then ETH breaks short-term support, and risk appetite begins to contract;
Finally, funds withdraw from the coins with the largest gains and the most crowded positions.
But we can't directly conclude the market is over yet.
BTC's previous low near 76,800 hasn't been broken, and ZEC is testing support around 854 after the pullback. If BTC holds 76,800, ETH recovers above 2,450, and ZEC and HYPE stop falling faster than the mainstream, then today looks more like a high-level profit-taking washout.
Conversely, if BTC breaks below 76,800, ETH can't hold 2,400, and hot coins rebound without volume, that would be a true confirmation of a catch-up decline.
I won't rush to buy just because ZEC and HYPE have fallen more. Hot coins rise on sentiment, and sentiment is the first to disappear when the tide recedes.
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