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$ETH led the entire day, but ETF money only recognizes $BTC
$ETH rose 3.5% today, staying ahead of BTC all day — but after six hours, it still couldn't break $2,463.
◆ ETH | Cleaned positions, not an emotional victory
The aftershock of the PPI wiped out leverage across the board; now the rate is only 0.0015%/8h, basically no one is using leverage to chase. This round is a rebound caused by selling pressure, not a push-up: no one is catching falling knives, and no one can easily smash it down.
◆ BTC | Buying is there, momentum hasn't returned
On October 15, spot ETF: BTC net inflow was about $5.06 million, while ETH had a net outflow of about $60.22 million. Money is flowing to BTC, no doubt, but the price was held below $82,508 all day — buying supported the drop but couldn't push it up, and trapped positions are still overhead.
Before the close, one conclusion: neither side has finished moving, but both are close to a critical point. If you want to act, wait for a pullback: buy ETH in batches on a pullback to $2,380–$2,410, and buy BTC on a pullback to $81,200–$81,500; if after the US market opens, $82,508 and $2,463 are both not broken, bulls will retreat first, BTC hourly close below $80,000, ETH close below $2,320, then this rebound can be considered as never having happened.$APR remained weak in the week leading up to the unlock on October 23, with 0.04551 not yet completed. This unlock is close to half of the current circulation, and holders are likely to reduce positions or hedge in advance during these days, concentrating selling pressure in this window. We backtested events where the unlock volume exceeded 10% of circulation; on average, the 7 days before unlock underperformed the market by about 6%. Both sample periods were negative, with three out of four instances weakening. Today, long positions worth $70,000 were liquidated, while short positions were only $10,000, indicating that the longs who entered first were washed out. Trading volume is extremely thin again, and even a small sell order can cause a 20% price swing. The chart shows lower highs and a bearish moving average alignment, consistent with supply pressure. RSI at 25 is already in the weak zone; oversold conditions before events often remain muted, unable to support a decent rebound. Conditions for a bullish reversal: reclaim and hold above 0.05207 within a week, indicating that the chips have been digested in advance; breaking below 0.04335 signals the next leg down. Backtesting after the unlock day shows no stable direction; this round of weakness is expected to last until the 23rd.#特斯拉交付超预期后盈利修复成焦点 Delivery volume exceeding expectations supports sentiment, but slight year-on-year decline plus ongoing price wars mean automotive gross margin remains the biggest pressure point; the highlights this quarter are not car sales, but Robotaxi, Optimus humanoid robot, and FSD commercialization progress. The financial report indicates fundamental stabilization, but short-term profit elasticity is limited, with AI narrative determining stock price elasticity I just slammed a load calculation report on the table—a supertall building whose debt side has already begun to settle while the upper structure is still crazily being built. This is the real structural truth behind CoreWeave's 5.9% rebound candlestick on October 15.
It plunged 15.46% yesterday and pulled back 5.9% today. Outsiders watch the spectacle, focusing on the candlestick; we watch the settlement curve. The problem with this building has never been the facade but the foundation. Nvidia's CEO came out saying its financial situation is improving, capital costs are falling, and no extra guarantees are needed—translated into construction terms, this means: the client is confidently saying funds are fine, but the construction permit and acceptance report are not yet on the table. Designers dread such verbal promises because load-bearing walls won’t suddenly hold three more tons just because of a nice word.
Deutsche Bank maintains a buy rating, citing long-term contracts and backlog orders. Please note: what are orders? Orders are the building area on the blueprints, letters of intent, the blueprint where concrete hasn’t yet been poured. Over $10 billion in backlog sounds impressive, but to turn that into real cash flow, one action must be completed—compute power delivery. Between blueprint and delivery lie rebar, concrete, construction time, and most critically—financing costs.
Now, look at the real structural hidden risk: bond yields exceeding 15% in 2032. What does 15% mean? This is not a loan interest rate; it’s the market tagging this building as a "high-risk dangerous property." The five-year credit default swap spread has soared to nearly 1195 basis points, equivalent to the structural engineer’s red warning zone circled on the blueprint—the foundation perimeter is surrounded by hollowed-out weak soil layers.
For a company to expand, it relies on orders to leverage financing, financing to support delivery, and delivery to feed back cash flow, forming a closed stress-bearing system. But when the main artery of external financing is choked by a 15% yield, this loop experiences severe stress concentration. Can orders sustain expansion on their own? Structurally, it’s extremely precarious unless every floor slab can turn into compute power revenue within budget, on time, and in full—fault tolerance is as low as building thin-shell structures in a typhoon zone.
What alarms me more is lateral transmission. The AI compute cloud area is the densest CBD in the entire tech new district in recent years. Multiple developers share the same capital artery, the same batch of GPU suppliers, and the same leasing demand. Once a credit crack appears in any core tube, the load will redistribute through shared components to adjacent structures. This is not just a single building issue; it’s a problem that requires redoing the foundation survey for the entire block.
The volatility of linked US stock targets is essentially the same earthquake felt differently at various measuring points. Some only see the aftershock rebound five minutes after the quake; I see the fault line still there, unmoved.
Truly great projects never rely on star endorsements to hold height. What holds height are the underground piles, the reinforcement ratio, and the grade of every cubic meter of concrete. Now the building’s curtain wall still reflects beautifully; but please go to the underground garage and look at those leaking joints.
Fifteen-point bonds, 1195 basis points of default insurance spread—this is not a design flaw, it’s a geological condition. #jensenbackscoreweaveThe mercury column of the barometer is hovering at 5.2% on the plateau; this is not a calm and clear day, but the eye of the storm. I have reviewed the Bank of America fund manager survey chart three times—5.9% is the front line, 37% of people have set the scale at 6%, and 19% of the cloud clusters have already started to shift. Translated into our industry's jargon: this is not an ordinary cooling, but the warm high-pressure ridge of the ten-year Treasury is redefining the atmospheric circulation.
BlackRock's pivot is the most interesting. After nearly six years of short selling pressure, they have now exited shorts and increased positions in short-term debt, standing neutral on the US stock market. This is like a strong cold air mass finally crossing the mountains, cutting off the persistent six-year southern warm and humid airflow; the isobar that has been pressing for six years on the weather map has loosened. But please note, the near-term overweight and long-term neutral positioning is essentially a temporary pause before the upper-level trough, not the start of summer.
The key contradiction now lies in the pressure gradient zone between 5.2% and 5.9%. The steeper the gradient, the stronger the wind speed, and market volatility will be drawn up. The short end is sheltered by high interest rates, with logic as clear as a sunny sky; once long-term yields continue to rise, the discount rate—like a big fan—will blow fiercely on the equity market, rapidly drying up valuation moisture. High-beta names like $xNVDA happen to be at the mountain pass position, where wind shear most easily generates turbulence.
Is there a large-scale circulation reversal? No. The 19% reallocation does not even count as an effective trough passage, let alone a monsoon transition. This is a typical "local convection," not yet forming a continuous rain band. But the most dangerous aspect of this weather is that it often suddenly erupts on a quiet night—by the time all models uniformly signal a pivot, the heavy rain has already fallen.
My observation conclusion is simple: before the 6% contour line is officially broken, any short-term long positions are not a circulation reversal, just a brief swing in the upper-level jet stream; and once long-term yields forcibly climb past it, volatility in stocks and bonds will ignite simultaneously. At that time, what you see on the radar is not a single echo band, but a contiguous area of strong convection. 6% is this front line; the calm before the front is so quiet you can hear your own heartbeat, and the weather after the front depends on which air mass collapses first. #bofastockbonddivide Where is the money climbing the ladder?
$BTC $ETH The capital side is unusually pushing hard in one direction this time. First, let's talk about the rate: on 10/13, the long position fee was still +0.006%, on 10/14 it turned negative to -0.0004%, and today it turned positive again to +0.005%. The days of short sellers collecting rent are over, and the sentiment steering wheel has turned back to the bulls. Next, look at the positions: on 10/13 and 10/15, 90 million and 85 million were withdrawn respectively, but today 157 million was replenished in one day, with a 7-day cumulative net inflow of about +118 million. The total market contract positions have also returned to 7.7 billion — the money withdrawn during the decline has come back with the rise today. Finally, look at the US stock spot ETFs: last week saw a net outflow of 680 million, the largest single week since June, but on 10/14 the first day turned positive with net inflow. The IBIT position cost is about 81,500, and the current price just stands back on this cost line. Rate turning positive, contract replenishment, ETF turning positive — these three pillars unusually lean toward the same side, which is the confidence to dare to go long on the rebound. 100x Hunter · Momentum List｜10/16
Turnover rate = volume / market cap. Don't assume high turnover means accumulation—real accumulation is confirmed on-chain: net outflow from exchanges, whale accumulation, and balance decrease count:
① $INJ ｜Turnover 30%｜24h +27%｜Accumulation (on-chain confirmed)
CEX net outflow 10 out of 14 days, exchange holdings dropped from 1.26M to 870K, whales accumulating; catalyst: CEO meeting with White House/SEC on tokenization, ETF application in progress
② TIA｜Turnover 22%｜24h +25%｜Watch (caution)
Price rise due to short squeeze, not fundamentals; 1.12B cliff unlock on 10/30 at peak, no on-chain accumulation signals, do not chase
③ $ETHFI ｜Turnover 36%, highest in the field｜24h +14%｜Watch (unconfirmed)
Abnormal turnover but not verified on-chain, suspected short-term speculation, wait for net outflow confirmation
100x extremely rare, 99% go to zero; high turnover must be checked against CEX net outflow and whales, not just price increase. Which one are you watching?
$BTC #100xHunter #MomentumList
Data publicly compiled for reference only, not investment advice. WAL won't reach 0.07, keep shorting — to the commenter in the comments section, you called it
Digging up an old comment. On October 14, under the WAL post, a friend left a message: "WAL won't reach 0.07, keep shorting." At that time, WAL was around 0.05; yesterday it briefly surged above about 0.06, just a bit short of 0.07 — then reversed, now around 0.048. 0.07, it didn’t even get close.
Yesterday's spike had solid catalysts: DATA Network (formerly Story Protocol) announced abandoning its own chain and migrating entirely to Sui, with the Sui Foundation investing $30 million, making Walrus the default storage layer. The positive news was priced in, price rose then fell — classic "sell the news."
So, to this shorting friend, you were right about the first half. As for "keep shorting" — WAL’s current price is about 0.048, still about 45% away from 0.07. I’ll keep watching this flag for you.
Risk warning: Small-cap coins are highly volatile. For reference only, not investment advice.
#WAL$BTC $ETH have rebounded from the bottom; is the crypto market about to enter a second spring?
Yesterday, both PPI and unemployment claims data were bearish, but after the US stock market opened, the market did not continue to fall. Instead, BTC touched 79,800 before rebounding sharply, rising over two thousand points.
ETH directly rose from 2,323 to 2,466, with a stronger rebound than BTC. BTC spot ETF inflows started yesterday, ending a streak of more than ten days of outflows, indicating that funds are beginning to flow into the market.
Today is the last trading day of the week. Those looking to enter and bottom-fish should avoid heavy positions and keep it small!
$DOGE #特斯拉发布新一代Roadster，行情走高
#美国CPI与PPI双超预期，年内能否再加息？
#奈飞增长或放缓，广告业务成新看点 🌑 Friday afternoon four coins: Gold turns red, political meme stays dead, BOME continues to fall, landlord turns red
$XAUT 4154, up 1.70 points 🥇
CPI+PPI both exceed expectations, gold rises instead of falling. Inflation data can't be suppressed, gold as an inflation hedge asset is instead chased by funds. While global tech stocks are collectively under pressure, gold is one of the few assets that can turn red. The 4154 level is a rebound after the drop in the past two days.
$TRUMP 1.862, down 0.27 points 🎭
Political meme barely moved, 1.86 sideways. This coin is sensitive to political events, but gossip doesn't work in front of macro data. It couldn't hold above 2.
$BOME 0.0006958, down 3.01 points 📉
Meme coin continues to be sold off, dropping from 0.000725 to 0.000695. No fundamentals, purely sentiment-driven; when bad news comes, liquidity evaporates.
$SLX 0.05194, up 1.15 points 🏚️
Landlord turns red. Wafer fab leasing and storage manufacturing are not exactly the same; the long lease logic is not broken. SLX can turn red while the storage sector is collectively crashing.
This article is for market analysis only and does not constitute investment advice.
#美国CPI与PPI双超预期，年内能否再加息？ "Dust Settled: Neither Side Fully Won, 82000 Takes Over the Baton"
Half an hour after the settlement bell rang, I compared the settlement sheets of the three major mainstream coins: quite a few bets placed, but none fully won.
Settlement Sheet One: $BTC at the pain point line of 83000 hovers overhead: bulls bet on holding firm, bears bet on breaking through 80000, resulting in a split outcome 📋
My view: Bitcoin reported at 82228, up 1.16% in 24 hours, positions only shifted 0.28%—the rise relies on short covering, not new money.
Settlement Sheet Two: $ETH was the strongest in half an hour, touching 2458, up 3.50% in 24 hours, with 72.37 million liquidations where shorts accounted for 60%, bears spent most of their ammo 🔥
My view: This wave was forced short covering, but positions increased by 2.38%, new money is following, healthier than Bitcoin.
Settlement Sheet Three: $SOL at 106.57, up 3.37% in 24 hours, positions increased by 2.95%, short liquidations also 60%—same script as Ethereum 📈
My view: Price and positions move in sync, the most confident rise, once the big lock opens, new money first picks it and Ethereum.
New cycle account: the pain point 83000 shifts down to 82000, Bitcoin at 82228 is pressing overhead. Tomorrow’s expiry is 194 million, next Friday 1.123 billion, the monthly bar at the end of the month is the thickest—new game just dealt.
I won’t guess direction tonight, just set defense lines: spot stays put; contracts buy the first batch below 82000 on pullback, add the second batch near 80000. Let the defense line act for me, not emotions 🛡️#NetflixQ3AdsAndMargins #NetflixQ3AdsAndMargins MSCI's new November eligibility rules put BTC treasury companies in an awkward interim phase: investors can model possible exclusions, but no company has been formally removed. That gap matters because passive funds may wait for the Nov 11 list before acting, concentrating uncertainty rather than resolving it gradually.
#MSCIBTCTreasuryRules Netflix will release its Q3 earnings report after the market closes on October 20, with market expectations of revenue at $12.876 billion, an 11.9% year-over-year increase, and EPS of $0.831.
The era of streaming relying on explosive user growth to tell its story is over. The core issue now is whether this slowdown is an inevitable phase of maturity for a giant, or a signal of weakening content appeal and user engagement.
In the past 8 quarters, Netflix's EPS has beaten expectations 7 times, demonstrating strong fundamental execution. The average analyst target price is $93.93, nearly 30% higher than the current $72.61. The options market prices in an 8.39% single-day post-market volatility, reflecting heightened speculative sentiment.
This quarter's EPS forecast shows a 37% year-over-year increase, largely due to a low base last year caused by Brazilian tax expenses. Stripping away this base effect illusion, the real determinants of the trend are three solid indicators.
Whether advertising monetization can deliver on the doubled guidance. Management has stated that advertising revenue should reach $3 billion this year, with Q2 growth close to 80%, yet the market still finds it slow. Whether Q3 can convert traffic into real profits is key to sustaining valuation.
Previously, Netflix laid off a thousand employees and shifted resources toward sports live streaming. If operating profit margin can hold steady at 33% or even improve, it indicates cost control has offset rising content expenses. Conversely, if guidance weakens, the logic of cost control driving profits will be undermined.
#奈飞增长或放缓，广告业务成新看点 #奈飞增长或放缓，广告业务成新看点
Actually, I'm not too worried about Netflix's earnings report being "bad" this time; what concerns me more is that even if the data is good, the stock price might not respond positively.
The Q3 earnings report will be released after the U.S. market closes on October 20. Wall Street currently expects revenue of $12.87 billion and EPS of $0.82, basically in line with the company's guidance from the previous quarter.
My own judgment is that revenue has a chance to slightly exceed expectations, and EPS will most likely meet or slightly surpass the target.
The main reasons are continued contributions from advertising, price increases, and live content. Netflix's advertising revenue target for this year is about $3 billion.
This time, I will focus on two other things:
One is whether user watch time can continue to grow. The biggest concern in the market about Netflix now is no longer the number of subscribers, but that free platforms like YouTube and TikTok are constantly competing for users' time.
The other is profit margin and cost control. Netflix just announced layoffs of about 6% of its staff in the past two days. If the earnings report also shows good profit performance, the market will interpret this as improved efficiency; but if growth also starts to slow, it will be easily understood as "cutting costs to maintain profits."
So I feel the earnings numbers will be somewhat positive, but whether the stock price can rise depends on whether management can prove that advertising and new businesses are truly starting to take over subscription growth.
What Netflix lacks most now is no longer "profitability," but the next growth story.
@OKX星球 #Tesla launches new generation Roadster, market rises Tesla officially launched the new generation Roadster flagship supercar, equipped with SpaceX cold air propulsion system, with a live hover demonstration igniting market sentiment, driving TSLA higher in pre-market trading. But the core positioning must be clarified: this is a halo showcase model, not a main revenue driver, planned for mass production in 2028, with an expected annual sales volume of only a few thousand units. In the short term, it has almost no substantial contribution to Tesla's revenue or gross margin and cannot solve the current market's biggest concern about overall vehicle profit pressure.
The real value of the launch event lies in brand and technology narrative. It demonstrates the implementation of cutting-edge technologies such as aerospace propulsion, lightweight materials, and drive-by-wire integration, proving Tesla's engineering innovation capabilities to the market, while strengthening expectations of Tesla and SpaceX collaboration. On the eve of the Q3 earnings report, it serves to boost market confidence. However, it should be distinguished that the stock price rise is more of an emotional speculation; the core fundamentals still depend on vehicle deliveries, FSD commercialization, and gross margin recovery. The Roadster cannot change the profitability dilemma of the overall vehicle business.
In terms of cross-market transmission: TSLA's strength will temporarily raise risk appetite for Nasdaq growth stocks, providing slight emotional support for BTC, ETH. But this is a thematic pulse benefit; the main drivers for crypto assets remain U.S. Treasury yields, inflation, and interest rate expectations. If U.S. stock funds choose to realize profits in the evening and TSLA retreats after a surge, this emotional dividend will quickly fade, making it difficult to drive an independent rise in crypto $BTC $ETH $SNDK #NetflixQ3AdsAndMargins Tesla demonstrated the flying version of its sports car, the Roadster, today at the SpaceX test site in Texas. During Tesla's demonstration, the Nasdaq was closed, and traditional markets were not trading, but on-chain TSLA started first, with the price rising from $362 to $377. $xTSLA #特斯拉发布新一代Roadster，行情走高 What exactly does Tesla rely on to make money? What is its real valuation now? Is this price expensive or not, and is it worth buying? How much can the flying car story really change the fundamentals? Don't rush, let me explain one by one. 1. What exactly does Tesla rely on to make money? Four business segments, different values. When Tesla is mentioned, many people probably think of the Model 3 and Model Y. But the reason the capital market is willing to give it a valuation far higher than traditional automakers is that it simultaneously has automotive, energy, and service businesses, as well as the not yet fully realized autonomous driving and robotics businesses. According to Tesla's 2025 annual report and the Q2 2026 financial report: #特斯拉交付超预期后盈利修复成焦点 In Q2 2026, Tesla's automotive business gross margin was about 16.9%, and the energy business gross margin was about 20.4%. The automotive business still contributes the vast majority of revenue, while the energy business, although having growth potential, has recently experienced margin fluctuations. What truly sets Tesla's valuation apart from traditional automakers depends on three other expectations: FSD: Whether it can gradually form sustainable software revenue from assisted driving features;#奈飞增长或放缓，广告业务成新看点 Netflix will release its Q3 earnings report after the market closes on October 20, 2026, Eastern Time. The company previously guided for revenue of approximately $12.86 billion (year-over-year growth of about 11.7%), diluted EPS of $0.82, and an operating margin of 33.2%. The current Wall Street consensus largely aligns with this, with revenue expectations mostly between $12.87 billion and $12.88 billion, EPS around $0.82 to $0.83, and year-over-year growth rates of about 12% and 39% (last year’s base was low due to a one-time tax expense in Brazil).
However, the market’s bar for "exceeding expectations" is not low. The stock has already significantly pulled back this year, and investors are more focused on whether user engagement and viewing time have stabilized, as well as, more importantly, whether the guidance for Q4 and the full year will be raised or at least maintained. If the results only "meet guidance" and the outlook is cautious, the stock price may still face pressure; conversely, an advertising beat combined with a more optimistic outlook is more likely to spark a rebound.
Overall, this quarter’s earnings report is unlikely to deliver a big surprise, but under conservative expectations and cost control support, the probability of a slight beat is not low. The real decisive factor remains whether management can use data and guidance to prove that growth momentum has not yet peaked.Whales are buying BTC, so why am I not rushing to bottom-fish?
ETF outflows, whales increasing holdings, many people see this and think: the big players are stepping in, and BTC’s $80,000 is secured.
But I want to ask: are you making the same trade as the whales?
🔹 They buy spot, you open contracts
Spot can withstand volatility, but contracts also face margin requirements and liquidation lines. Even if BTC eventually rebounds, a single dip in between could kick you off the ride first.
🔹 Increasing holdings doesn’t mean no hedging
Even if large positions increase, you can’t directly assume the other side has no shorts or options on other platforms. Seeing one side of the position doesn’t mean you see the full strategy.
🔹 Cumulative increase in holdings can’t directly offset single-day outflows
Position changes over several weeks and single-day ETF fund flows differ in timing and statistical scope. You can’t simply compare sizes, let alone declare that selling pressure has been absorbed.
So how do I view BTC?
I’m still bearish for now, but I don’t chase shorts.
$80,000 is a key level to watch: if it dips again, only if the sell-off is quickly absorbed can we reasonably judge the support as effective.
Above, first watch $83,000; if the rebound reaches here but buying can’t keep up, beware of a pullback after a spike. If volume increases and it holds steady, bearish expectations should be lowered.
Whale buying can be a clue, but don’t blindly rush in. They can hold for months, but your contracts might not last through tonight. 📊 Netflix: YES at 77%, but NO deserves a closer look! 👀
The OKX market is betting on GAAP EPS beating $0.84. Yet analyst consensus is around $0.82. Netflix often beats expectations, but clearing this specific threshold is the real challenge.
🎯 My analysis slightly favors NO (55%) over YES (45%).
⚠️ October 20 is when the numbers will speak. DYOR!
#NetflixQ3AdsAndMargins #特斯拉发布新一代Roadster，行情走高 The Tesla Roadster has once again become the market focus, but I am more concerned about one question: how much actual value can a high-performance sports car really create for Tesla?
From a business model perspective, the Roadster is unlikely to be a major source of Tesla's sales and profits. Its strategic significance lies in showcasing battery, electric drive, and vehicle engineering capabilities, strengthening Tesla's technical brand image.
However, the capital market's valuation of Tesla has long extended beyond the automotive business to include long-term expectations for autonomous driving, robotics, and energy businesses.
Therefore, even if the Roadster triggers a stock price increase, it is necessary to distinguish between the emotional premium brought by the product launch and fundamental changes that can sustainably improve profitability.
Short-term market trends can be driven by expectations, but long-term valuation ultimately requires cash flow validation.
I am more focused on the subsequent mass production timeline, delivery fulfillment capability, and whether the technological achievements can be applied to scaled products.
Do you think the Roadster is proof of Tesla's technical strength, or just a brand marketing event? On October 15, Ripple announced that institutional clients have been trading RWA perpetual swaps through Ripple Prime, referencing over 100 markets covering stocks, indices, metals, energy, and forex, with RLUSD usable as collateral.
An interesting contrast is that stock exchanges close on weekends, but their derivatives can continue running. Here, the traded swaps reference traditional assets and should not be directly interpreted as owning the underlying stock, nor should shareholder rights be assumed.
I am more concerned about how weekend prices are formed and how collateral is replenished during volatility. Extended trading hours give institutions more room to adjust exposure but also shift issues that could wait until Monday to Sunday. This opening is aimed at institutions, with specific availability depending on region and qualification.
$BTC Chip stocks have recently fallen sharply. The Philadelphia Semiconductor Index has dropped 12% over the past six trading days, wiping out about 1 trillion USD in market value, which most interpret as capital withdrawing.
But the money flow in the same week went in the opposite direction. The $72 billion semiconductor ETF attracted over $430 million in three trading days, poised to set the largest weekly inflow since early September; the triple-leveraged similar ETF fell nearly 21% this week, yet still saw about $3.8 billion inflow, marking the highest single-week record in the history of this $19 billion fund.
The more it falls, the more aggressively it is bought, and all purchases are in leveraged instruments.
Next, it depends on one thing: whether this leveraged capital is followed by a second round, and whether the index's decline will narrow.
$BTCWhat major events are worth paying attention to in the next month?
October 19: CME will launch $UNI and BCH futures, marking CME's first introduction of DeFi governance token futures. Contracts are divided into standard 10,000 UNI and micro 1,000 UNI, cash-settled and regulated by the CFTC. UNI is currently priced around $7, with whales withdrawing 600,000 tokens from Binance in 24 hours. Futures provide only institutional hedging channels, will not bring spot buying pressure, representing a structural positive but short-term neutral, while also opening short-selling opportunities; potential hard risk is that regulatory approval has no clear deadline.
October 20: $ZEC will hold a NU7 upgrade vote, assessing testnet performance to finalize the mainnet activation height on November 5. The upgrade will reduce block time from 75 seconds to 25 seconds, allocate 60% of fees to the recycling pool, eliminate v4 transactions, lower block rewards but maintain daily issuance unchanged. The testnet has run without major issues. The event itself is a technical milestone, interpreted as neutral to slightly bullish; delay would be short-term bearish. ZEC is currently priced at 1235, with support at 1175.
October 21: $SOL Alpenglow mainnet upgrade will activate at epoch 1064, reducing confirmation latency to about 150 milliseconds and eliminating TowerBFT. Note that post-upgrade, vote removal from blocks will cause a sharp drop in TPS statistics, which is an accounting adjustment rather than a performance failure. This event is mid-term bullish, short-term neutral, with expectations of sell-the-news. SOL is currently priced at 105, with resistance at 125.$BSP vs $MEGA : Strong Gains, Weakening Demand?
$BSP is up 8.47%, with longs dominating and shorts underwater. But recent selling is nearly seven times stronger than buying.
$MEGA looks more balanced. Longs are mostly profitable, yet selling also exceeds buying.
My view: BSP has stronger momentum but faces greater profit-taking risk. MEGA looks less overheated, although buyers haven't taken control.
Both look bullish on positioning, but recent capital flows tell a more cautious story.#特斯拉交付超预期后盈利修复成焦点 Tesla delivered 486,500 vehicles in Q3, exceeding Wall Street consensus by about 5%, and its stock price rose over 5% in response. After two consecutive years of declining sales, the core automotive business has finally shown a sign of stabilization. But delivery volume is just the entry ticket; the real question that will determine whether the valuation logic can hold steady is the repeatedly asked question in the October 21 earnings report: how much profit can be made from selling each car. The value of exceeding delivery expectations: Looking only at year-on-year data, Q3 deliveries actually fell by 2.1%, below last year's 497,000 vehicles. But last year's high base had a special background: the U.S. federal tax credit expired at the end of September 2025, triggering a buying spree. Excluding this factor, a 1.3% sequential growth and two consecutive quarters of inventory digestion indicate that end demand has not collapsed. The real growth comes from Europe. FSD has received regulatory approval in Croatia, Slovenia, and the Czech Republic, with sales in South Korea and Australia up 15% and 21% year-on-year respectively. JPMorgan views these latter two markets as effective references for demand growth after FSD activation. The export buffer from the Shanghai factory is also playing a role, with about 36,000 of the approximately 86,000 vehicles produced in August used for export, accounting for nearly 42%. However, the EU-wide FSD approval vote has been postponed from the original October to December, so short-term uncertainty remains. Continued pressure on profitability:📉CPI and PPI consecutively disappoint｜BTC falls below 80,000, long and short positions liquidated alternately
$BTC: Core PPI month-on-month up 1.3%, hitting a new high since March 2022, causing BTC to break through 80,000 directly.
Subsequent rebound driven by the International Energy Agency releasing 100 million barrels of oil reserves, 10-year US Treasury yield falling from 5.3% to 5.04%, risk sentiment recovering, BTC surges to 82,600.
Market shows a double liquidation of longs and shorts: long positions liquidated for $72 million, while during the rebound short positions were liquidated for $19 million, both sides harvested in the volatile market.
Technically, bears dominate, the 80,000 support has failed, and the market enters disorderly oscillation. 84,000 is the watershed for long and short strength; even if the rebound reaches 82,600, the large-scale bearish pattern remains unchanged.
$ETH: Spot ETFs continue to bleed, BTC+ETH net outflow totals $390 million in one day. Bitmine is only 6 weeks away from reaching its 5% holding target, after which it will stop increasing holdings.
Resistance from trapped positions at 2,450-2,500 is obvious; RSI slightly recovers from 37, still neutral to weak, rebound mainly with a reduction in positions.
#美国CPI与PPI双超预期，年内能否再加息？ 📊Capital Rift: ETF Outflows, Whales Accumulate Against the Trend
ETF single-day net outflow of 3,209 BTC, approximately $258 million. Bitfinex data shows that since late August, large holders have cumulatively increased their holdings by about 60,000 BTC, mainly building positions in the 80,000‑86,000 range, creating a capital divergence pattern where ETFs are withdrawing and whales are accumulating.
80,000 is both a previous low point and the core cost zone for whales. Holding this level means whales are effectively absorbing, providing a foundation for a rebound; if ETF outflows continue causing 80,000 to break, it will open a deeper downside.
Macro pressures remain unresolved, with CPI and PPI consecutively exceeding expectations, inflation rising for three months in a row, and rate hike expectations increasing. ETF outflows essentially represent risk-averse capital behavior.
Personal operation: Took profit and exited short positions at 81,500 yesterday, currently flat. Around 80,000 is a multi-layered support zone; no rush to open long or short positions at this stage.
Watch for support at 80,000 on pullbacks: if volume shrinks and the level holds, lightly try longs with a stop loss at 79,000; if volume expands and breaks down, continue waiting for a lower position. $BTC $ETH $ZEC
Trading discipline: Do not chase highs or sell lows; always set stop losses on positions.
Note: Analysis is time-sensitive, markets change rapidly. Wishing you successful trading.Tesla $TSLA Q3 earnings report is about to be unveiled, with a focus on profits and AI!
Tesla will release its Q3 2026 earnings after the US market closes on October 21. Previously announced deliveries were about 486,500 vehicles, exceeding market expectations but still down year-over-year. Whether the sales rebound can translate into profit growth is the key for this earnings report.
The market expects Q3 revenue of about $27.8 billion and adjusted EPS of about $0.44. Beyond automotive gross margin and free cash flow, I am more focused on the commercialization of Robotaxi, FSD expansion, and the latest progress on the Optimus robot. Although the new generation Roadster brings buzz, long-term valuation ultimately depends on performance delivery.
Tesla today unveiled the new generation Roadster, but production is planned for 2028, so in the short term it is more of a catalyst for brand and technology. What truly determines long-term valuation is the commercialization progress of Robotaxi, FSD expansion, and the implementation capability of the Optimus robot.
My view is that Tesla is no longer just an automaker; AI and autonomous driving are the sources of valuation imagination. However, if automotive profits continue to be pressured and new businesses fail to deliver, the high valuation still faces correction risk.
For this earnings report, are you more optimistic about the automotive business recovery or the long-term value brought by AI and Robotaxi?
#特斯拉交付超预期后盈利修复成焦点 🐳 BTC has recently been shaking the market and causing anxiety, but there's an interesting set of data — the whales haven't fled; in fact, their numbers are growing.
On October 16, Santiment reported that the number of wallets holding between 10 and 10,000 BTC on-chain has reached 20,338, setting a new all-time high. More importantly, this number has been steadily rising since mid-July, even though BTC prices have fluctuated and market sentiment has been volatile. These well-funded players are still gradually increasing.
In simple terms, these people are the players in the crypto space with substantial "assets." When the market rises, they obviously can make money; but what’s truly noteworthy is that they continue to increase even when the market is weak and prices are volatile.
It's a bit like a mall business doing poorly — ordinary people might quickly close shop and run, but wealthy owners take advantage of cheap rent to keep leasing stores and stockpiling goods. 🐳
Of course, this data shouldn't be simply interpreted as "whales bought BTC, so BTC is about to rise." The increase in on-chain wallet numbers could also come from fund splitting, address migration, or institutional position adjustments, so it can't be taken as a standalone buy signal.
But from a market sentiment perspective, it at least indicates one thing: there is currently no sign of large-scale collective capital fleeing BTC.
Especially since the steady growth since mid-July, this combination of "price volatility with an increasing number of whales" is more worth noting than a single large transfer on any given day.In one sentence: Narrative determines where the funds look, liquidity determines how far the funds can go, and consensus determines how long the funds dare to stay. Without any one of these three, the market won't go far. Layer one: Narrative—without a story, funds dare not enter. Crypto assets have no cash flow, no P/E ratio, no dividends. On what basis do you price them? Rely on narrative. Bitcoin is "digital gold," Ethereum is the "world computer," Solana is a "high-performance public chain," RWA is "bringing real-world assets on-chain." These are not technical descriptions, but narratives. They compress a complex code protocol into a sentence you can remember, share, and use to persuade others. How powerful is narrative? The TRUMP token is the most typical case. Within 48 hours after the dinner announcement, trading volume surged 300%, with 220 whales averaging a holding cost as high as $1.78 million, and the price once soared 50%. But by the time the dinner officially started, the price had already fallen back. The price peak appeared during the message diffusion period, not when the event landed. Narrative completes pricing at the "expectation" stage and completes harvesting when the "fact" lands. In 2025, the average rebound duration of altcoins lasted only 20 days, far less than 60 days in 2024. The narrative lifecycle is shortening, and rotation speed is accelerating. From DeFi to NFT, from L2 to Restaking, from AI Agent to RWA, almost every month a new narrative emerges. Layer two: Liquidity—no matter how good the narrative, without money it can't rise.😂 Besides CPI, the September PPI also exploded! Inflation surged 6.3%, can the "soft landing" continue?
Brothers, this time inflation really hit the market hard! $BTC
September US PPI rose 6.3% year-on-year, far exceeding the market expectation of 5.4%; month-on-month it increased 1.3%, the largest rise since March 2022. $ETH
Energy was the biggest driver, commodity prices soared, and gasoline prices surged more than 20% in a single month.
Core PPI also exceeded expectations, indicating that this time it's not just an energy price issue, underlying inflationary pressures are also rising.
But the most interesting thing is: despite such bad data, the market didn't crash!
The S&P 500 and Nasdaq still closed higher, and Bitcoin also rebounded.
Why?
Because the day before, CPI had already washed out the panic selling, and the market had some expectations of the inflation downside. Instead, funds started shifting from overvalued AI and chip sectors to value stocks and small caps.
So there's no need to panic excessively now.
High inflation ≠ the market must fall.
The real variables ahead are oil prices and geopolitical situations. If oil prices fall, inflationary pressure may gradually ease, and the market's rate cut expectations naturally have room to recover.
So my thinking is simple: be cautious in the short term, keep observing in the medium term.
What we fear most now is not bad news, but everyone starting to FOMO when seeing a rebound.
Let the market digest this wave of inflation shock first, and patiently wait for the real reversal opportunity! #特斯拉发布新一代Roadster，行情走高 Today's market is quite interesting. $BTC is still recovering from the previous drop, many coins are just catching their breath, but NEAR once surged to $5.42, with a 24-hour increase close to 10%. At times like this, the easiest judgment is: the AI narrative is back, and the altcoin rally is coming. I think it's too early to draw that conclusion. This round of $NEAR's rise is not completely without fundamental support. On September 29, the Bitwise NEAR ETF officially launched on NYSE Arca, ticker NRR. Earlier, NEAR Intents had already placed cross-chain trading, unified liquidity, and AI agent payments within the same narrative. Bitwise stated in the ETF release announcement that Intents has processed over $32 billion in cumulative volume; NEAR's official disclosed fee allocation mechanism also began linking product usage with NEAR token demand. These changes mean NEAR is no longer just a "husband chain rebound" story. The ETF provides a traditional capital entry point, Intents attempts to offer real use cases, and AI is responsible for giving the market imagination space. With these three factors combined, it's not surprising that capital is willing to revalue it. But today's surge cannot be entirely attributed to fundamentals. NEAR is currently around $5.20, with an intraday range from $4.54 to $5.42. Nearly 20% high-low volatility in less than a day indicates that capital disagreement is much greater than what a single bullish candle suggests. Meanwhile, BTC also from 8#奈飞增长或放缓，广告业务成新看点
BullishYesterday, when the PPI was released, the first glance was really shocking. The US September PPI rose 1.3% month-over-month and 6.3% year-over-year, not only exceeding expectations but also marking the largest single-month increase since March 2022. Energy was the main driver, with final demand energy prices rising 10.8% in one month. According to the usual script, such data would definitely be unfavorable for BTC. BTC did indeed drop initially, once falling below $80,000. But the strange part came afterward — after breaking below, it did not continue to cascade down; within about two hours, it was pulled back to around $82,000–$82,500. #美国CPI与PPI双超预期，年内能否再加息？ 【 BTC volume surged with a long wick, 4-hour bottom divergence confirmed! 84000–85000 becomes the next key level 】
Last night’s article mentioned the increasing likelihood of BTC breaking below 80,000. Indeed, after several probes, BTC finally broke through 80,000, dipping to 79,800 before closing with a long wick.
So, does this mean the defense line has been breached and a further collapse is starting? To clarify, when we talk about a breakdown, we usually mean an effective breakdown, which is generally judged by the daily close at major support levels. This kind of wick does not count.
It can be understood that many stop-losses or liquidations clustered around 80,000, and the main force broke through here to remove liquidity below.
Therefore, BTC has returned to the previous consolidation range, with a daily volume surge and wick close, 4-hour bottom divergence confirmed, and the daily MACD near the zero line support. Both indicators and patterns have improved. 【❤️As shown in Figure 1】
Next, it will cycle again. Keep an eye on the 84000 to 85000 range. If it can’t break through, there will be more fluctuations; if it breaks and holds above, it will continue to head for new highs! 【❤️As shown in Figure 2】
Now you understand why we have been emphasizing that the market will be very complex. This kind of consolidation phase is torturous with no compromise; only after choosing a direction will trading become more comfortable.
Continue to watch spot positions with a bias towards holding and less trading; wait for the market to show direction before acting!
Trading idea: Near yesterday’s BTC low, repeatedly reminded that it is only suitable for adding positions, not for cutting losses. Hold your spot positions; currently, spot positions remain heavily weighted 【❤️As shown in Figure 3】
$BTC $ETH The macro line is particularly twisted today.
When Bitcoin dropped below 82,000, the US spot Bitcoin ETF saw a net outflow of over 260 million USD in one week, with money being pulled out from the largest pocket. Logically, the outflow should start from Bitcoin, but the XRP ETF fund went the opposite way, showing a net inflow for the week, becoming one of the few channels that didn't bleed in this round.
This is what I want to say: in the same market, the "sell Bitcoin, buy others" switch is often more worth pondering than a full collapse. The funds haven't fled; they're just changing seats. Meanwhile, exchange wallets collected over 80 million XRP in three days — don't rush to see this data as bullish. More inflow to exchanges could mean selling pressure or just custody relocation; we need to watch the direction over the next few days.
XRP itself is currently priced a bit over $1.30, up just over 2% in one day, but still negative over seven days, hovering in the middle range of the past week. Some have already called for this wave to reach $1.30.
My attitude is old-school: wait until the ETF weekly report shows net inflows for two consecutive weeks before commenting. One day's fund flow is just noise; those who gamble on data never end well. This isn't about whether to get on board or not; the cards haven't all been dealt yet. #台积电Q3净利润超预期，盈利创历史新高 $XRP #奈飞增长或放缓，广告业务成新看点 The profit and market boost brought by AI dramas are still a long way offNetflix (NFLX) 2026 Q3 Earnings Preview
Netflix will release its 2026 Q3 earnings report after the U.S. market closes on October 20.
Company Official Guidance
- Revenue: $12.86 billion (YoY +11.7%)
- EPS: $0.82
- Operating Margin: 33.2%
Wall Street Estimates
- Revenue: $13.0 billion
- EPS: $0.84
The company's guidance is generally conservative and below market expectations, leaving room for upside surprises in this earnings report.
Key Positive Drivers
1. High growth in advertising business, with full-year 2026 ad revenue expected to nearly double, and high gross margin characteristics continuing to boost overall profits.
2. Price increases implemented across multiple global regions, raising ARPU and offsetting slower subscriber growth.
3. Solid Q2 base: revenue of $12.56 billion, EPS of $0.80, maintaining strong profitability.
4. High-quality summer content launched in Q3, improving user engagement and retention quarter-over-quarter.
Risks
Intense competition in the streaming industry combined with continued high content amortization costs will suppress margin expansion in the short term.
Market Outlook
The negative factors for this earnings report have been priced in, making it easier to beat than to disappoint. As long as subscriber numbers and margins hold steady, results are likely to outperform the company's conservative guidance, supporting stock price recovery.
Focus on three key metrics: new subscriber additions, advertising business growth, and actual operating margin.
#奈飞增长或放缓，广告业务成新看点
$NFLX $SOL options are not buying insurance against a drop; this is the reading from the options market on the afternoon of October 16.
On OKX, the implied volatility for at-the-money SOL options expiring on October 18 is 60.7%, which translates to a daily volatility of about 3.2%. The actual daily volatility over the past 30 days is 3.3%, nearly identical. The options are neither charging extra premium nor discounting prices. The delta at the at-the-money strike is 0.52, evenly split between up and down moves, with no side priced in advance.
Looking at strikes on both sides, 100 and 112 are about 5 to 6 points away from the current price. Roughly estimating by delta, the probability of settling below 100 at expiration is about 12%, and above 112 is about 14%. The probability on the downside is 2 points lower than the upside, indicating that a drop is not more feared than a rise.
The volatility skew is slightly higher on the downside: the 100 strike has 70.6% implied volatility, while 112 has 66.4%, a 4-point difference. This is a mild skew; there are buyers of downside protection, but not in a crowded way. In times of real panic, the downside skew would widen significantly.
Therefore, with SOL around 106, the directional bias is slightly bullish, and there is not much money betting on a big drop in the market.
Before the October 18 expiration, if the probability of settling below 100 rises from 12% to above 20%, that would indicate that downside insurance is starting to get expensive. Inflation is rising, but the long end has retreated from this year's highs
Let's first talk about the facts that have already happened. The September CPI will be released this Wednesday (October 14): overall year-on-year 3.74%, previous 3.40%; core year-on-year 2.56%, previous 2.45%; month-on-month +0.59% and +0.37%, both are rising.
Meanwhile, the long end is retreating. The 10-year US Treasury yield fell from 5.31% on October 5 (the year's high) to 5.10%, and the 30-year fell from 5.67% to 5.43%. On the short end, the effective federal funds rate remains at 3.88%, and the 2-year is at 4.77%—the policy rate range has barely moved.
The key is to look at these two directions together. The short end is decided by the Federal Reserve, the long end by the market—the long end roughly consists of inflation expectations + term premium (extra compensation for lending to the US for a longer time) + real interest rate. Inflation is rising, but the long end is falling, indicating that what is suppressing the long end is not the September inflation itself.
What the market is really debating is another matter: when inflation stays above 3%, can rate cuts continue downward? The 2-year still hangs at 4.77%, and the market is not pricing in a "quick drop on the short end"; meanwhile, the 10-year real yield is 2.78%, and the 30-year is 3.18%, so the real rates after subtracting inflation are not cheap.
My judgment: this round of long-end decline looks more like a correction of the previous rapid rise, not a turning point in the inflation issue. If inflation continues to strengthen but the long end cannot rise, then the cause should be sought in supply and term premium, rather than focusing on a specific item in the CPI.
In terms of trading, the 2.78% real yield is the line suppressing gold and risk assets. The next observation point: the October 27-28 FOMC meeting (statement released at 2:00 AM Beijing time on October 29); then watch how the 10-year behaves around the 5% whole number level.But this wave is not moving alone. Injective is up nearly 30%, Celestia is up more than 20%, LayerZero and Arbitrum are also in double digits. They are all the ones that were hit the hardest earlier and have the best stories to tell. $NEAR $BTC $ETH So for this rebound, I prefer to treat it as an oversold bounce plus sentiment repair, rather than a sudden fundamental reversal. The funds are now choosing not based on whose business has improved, but on who has fallen deep enough and whose narrative is sexy enough. NEAR happens to have both: it fell a lot earlier and has always carried the AI public chain label. This kind of market usually has only two outcomes. One is that sentiment really bottoms out and funds start to flow back; the other is that liquidity makes one last struggle, rises, and then continues to grind down. I lean towards the latter, but guessing tops and bottoms is unreliable anyway. The key is whether it spreads afterward: can BTC stabilize first, do mainstream assets like ETH and SOL follow, and does trading volume continue to expand? If only those with the biggest early drops rise, it looks more like a catch-up rally, not an altcoin season. If NEAR rises another 10%, I won’t chase directly. For those holding positions, reduce in batches near the previous high resistance zone; for those without positions, wait for a pullback that doesn’t break support before trying a small position. Chasing a rally at this level is not cost-effective in terms of risk-reward. Standing on an oversold rebound is fine, but there’s still no evidence for an altcoin season. #Tesla releases new generation Roadster, market rises #US CPI and PPI both exceed expectations, will there be another rate hike this year? #Netflix growth may slow down,Kalshi has launched a DOGE perpetual contract regulated by the CFTC in the United States, with a leverage cap set at 3.8x, and it qualifies for tax benefits under Section 1256 of the Tax Code.
3.8x. Just consider that number. Offshore exchanges often offer 50x or 100x leverage, but Kalshi directly pins it down to the ground. On the other hand, if an American wanted to trade DOGE contracts before, they could only go to offshore platforms, with no place to turn to if something went wrong. Now someone has paved this path right to their doorstep, and it's laid with regulatory bricks.
Even more interestingly, starting October 13, Kalshi shut down its VIP large trade reward program. While launching perpetual contracts, it stopped subsidies for big players. What it wants are ordinary people, not those who treat their positions like bullets. $DOGE is currently at 0.082, up 0.6% today, with a 24-hour low touching 0.07791 before bouncing back. Channels are being paved one by one, and with each new channel, more people get access to DOGE.#奈飞增长或放缓，广告业务成新看点 Netflix's story is shifting from a "subscription growth machine" to a dual-engine model of "stable subscription + high-growth advertising." Although advertising currently accounts for only a single-digit percentage of total revenue, its doubling growth rate and clear expansion path make it the most certain hedge against market anxiety over subscription growth. However, if the fundamental issue of engagement stagnation cannot be improved, the long-term ceiling for advertising business will also be constrained. Netflix needs to find a precise balance between short-term ad monetization and long-term user experience.$HYPE
The market is generally rebounding, but what does it mean that HYPE's gains are relatively small?
Spot price rose about 1.41% in 24 hours, ranging from 77.562 to 82.631, positioned at about 69% within this range; during the same period, ETH rose about 3.71%. HYPE's relative returns in this window are not outstanding.
For derivative platform popularity to translate into token performance, sustainable revenue and clear value transmission are needed. Market activity benefits trading demand but does not guarantee that platform tokens will outperform.
If 82.631 is reclaimed and relative strength improves, a reevaluation can be made; if the overall market continues to strengthen while it lags, capital may be seeking other directions. Losing 77.562 indicates insufficient support in the range and that optimism cannot be maintained by industry hype alone. We talked this morning about why BTC's pullback stopped at 80,000, and the afternoon verification has arrived.
During the session, it actually briefly dropped below 80,000 (around a low of 79,800), but it didn't hold there and quickly pulled back to 82,000, now around 82,300.
What's even more interesting is that the liquidation structure has changed: last night’s $950 million liquidation was 90% long positions; today’s 24-hour liquidation dropped to about $260 million, with longs and shorts almost evenly split. Among today's $73 million ETH liquidations, shorts dominate — this rebound is a short squeeze, not longs holding firm.
Right now, there’s just one line blocking above: the average cost of holdings in the US spot ETF, about $82,300. Before reclaiming this line, ETF capital is unlikely to truly improve. Before the FOMC at the end of October, it will most likely grind between 80,000 and 83,000.
Do you think this cost line is a resistance level or a launchpad for institutional accumulation?
#BTC #Web3BTC pulled back from 79,775 to 82,000, ETH reclaimed 2,400: This rebound doesn't look like just short covering
BTC spot pulled back from 79,775 to 82,091, and ETH also rebounded from 2,324 to 2,442. The price recovered quickly, but don't rush to credit the spot buying entirely.
About $940 million worth of positions were liquidated in this drop, 92% of which were longs. Normally, after leverage is flushed out, open interest (OI) should drop significantly; however, the overall market data shows little change in OI after liquidation, with OKX's BTC perpetual OI still around $2.45 billion. This indicates that after old longs were taken out, new positions came in, so this is not a clean deleveraging rebound.
If it were just shorts taking profits, OI should continue to decline as prices rise; if spot buying was supporting, spot volume must increase synchronously when BTC breaks 82,643 and ETH breaks 2,468. Neither condition is fully confirmed now, so I lean towards a mixed recovery of "real buying support + leverage re-entry."
Therefore, I am not chasing. Wait for BTC to hold above 82,643 and ETH to surpass 2,468, then watch for a pullback; if BTC falls back below 81,800 and ETH below 2,400 while OI remains high, these new longs could become fuel for the next round of sell-off.
$BTC $ETH #OKX星球话题来啦 #星球日报 How severe is this round of pullback in the US stock market? A review of the declines in 14 popular stocks
#台积电Q3净利润超预期，盈利创历史新高
Ranked by pullback from largest to smallest: SOXL down 39.48%, AAOI 36.93%, NBIS 30.01%, SNDK 29.48%, INTC 25.46%, BE 24.75%, MU 20.79%, MRVL 20.50%; followed by ORCL, SPCX, TQQQ, VST, NVDA, AVGO.
An interesting divergence can be seen: AI leaders are relatively resilient, with NVDA and AVGO pulling back only about 11%; but MRVL, also part of the AI industry chain, dropped over 20%, and optical communication AAOI nearly 37%. The memory sector was also hit hard, with MU and SNDK pulling back 20.79% and 29.48% respectively. After huge gains earlier, the market is re-pricing their future earnings expectations.
In my view, although many high-volatility stocks have already deeply pulled back, a larger drop does not equal a bigger rebound; you cannot simply bet on a reversal based on the decline alone. There are two main lines to watch going forward: first, whether orders and earnings guidance in the memory, optical communication, and AI infrastructure sectors can still be revised upward during this earnings season; second, who can lead the rebound by increasing volume and breaking above key moving averages first, and who continues to hit new lows in stages. If earnings expectations remain upward, those stocks that have pulled back 20-30% have a risk-reward ratio worth re-evaluating.