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The market is falling, but SHIB didn't follow. Today, it held its ground.
Let's first look at two sets of numbers.
On October 16, SHIB was quoted at $0.00000510, with a 24-hour fluctuation of only 0.05%—almost flat. The intraday high was $0.00000511, the low was $0.00000486, with an amplitude of 4.89%.
On the same day, the crypto market saw a significant increase in liquidations, mainstream coins collectively weakened, and investors turned their attention to the upcoming US CPI, PPI, and retail sales data. SHIB did not crash down but stayed steadily at that level.
It’s not that it rose, it’s that it didn’t fall.
This is more worth watching than a rise.
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Why could it hold? Two reasons.
First, there is real money support technically.
SHIB previously dropped to $0.00000502 and was supported by buy orders around that level, indicating funds were buying. The intraday low of $0.00000483 was quickly pulled back, showing the downside is not empty.
The short-term core support is at $0.00000500. If this level holds, the structure remains intact. Resistance is near $0.00000530; only after breaking through will selling pressure truly ease.
Second, on-chain funds are moving out, not dumping in.
SHIB reserves on exchanges have dropped to about 871 trillion tokens, decreasing by 0.11% in one day. Net outflow is about 98.9 billion SHIB, with outflows exceeding inflows. The total value of SHIB held on exchanges is about $447.7 million, down 0.69% in one day.
Tokens are moving from exchanges to personal wallets. This action doesn’t necessarily mean bullishness, but at least it shows fewer people are rushing to sell compared to previous weeks.
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But one thing must be made clear.
SHIB’s "stability" today is not because of large-scale buying. Spot trading volume was only $77.5 million, while futures volume was $257.4 million, 3.3 times that of spot. The current price is more "supported" by leveraged funds rather than "pushed" up by spot buying.
This means: if the leveraged positions are forced to liquidate, the thin spot market will struggle to absorb it.
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There is another data point that cannot be ignored.
Shibarium’s DEX weekly trading volume plummeted 97.46%, with an absolute value of only $1.81. TVL is about $102,000, with WoofSwap alone accounting for $86,000.
On-chain activity is quiet, coinciding with the price holding steady.
Price is the facade; the chain is the foundation. The facade not collapsing doesn’t mean the foundation is strong.
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In summary for today’s SHIB:
While the market goes down, it held steady. Tokens on exchanges are decreasing, and buy orders supported key levels. But the main driver is leverage, not spot demand. The trump card hasn’t been revealed yet; at least today, it didn’t disappoint.
$SHIB #Netflix growth may slow, advertising business becomes new focus target 130#NetflixQ3AdsAndMargins A new chapter for FIL requires someone willing to renew the subscription
Filecoin announced an update on October 15, stating that starting this month, Solstice will adjust block reward distribution: gradually directing more rewards toward services that bring paying customers, while the unearned portion of service shares will be burned.
This change makes me want to ask further: how much of the network's storage demand can truly become a long-term business?
The size of the hard drive is a capacity issue; whether customers are willing to pay and renew after use is another performance metric. Enterprises preserving archives and AI agents retaining outputs all require someone to turn storage into a convenient service, where price, access experience, and reliability are all indispensable.
I will separate the two types of income: service fees paid by customers and rewards allocated by the protocol. Receiving rewards cannot be directly equated to new customer revenue of the same amount; launching a product also cannot be directly considered as orders already secured.
What’s worth watching next is paid usage, customer retention, and whether new incentives can attract sustained demand. For FIL, clarifying "who pays the bill" provides more insight than cramming all changes into a single positive statement.
Are you more concerned about supply changes or actual paying demand?
#FIL #Filecoin #Crypto Circle's earnings report is imminent, but can stablecoin growth really deliver profits?
This question isn't that simple.
Q2 highlights: USDC circulation at 73.3 billion, up 19% year-over-year; on-chain transaction volume at $14.8 trillion, a staggering 151% year-over-year increase. The numbers look impressive, right? Yet total revenue is only 701 million, up just 7% year-over-year. Why?
95% of Circle's income comes from reserve interest, living off U.S. Treasury coupon payments. The actual fees earned from transfers in Q2 were only $5.3 million. $14.8 trillion in transaction volume generating just $5.3 million in revenue—this conversion rate is awkward to say the least.
So "stablecoin growth" and "Circle making money" are two different things. What's worse is the sensitivity to interest rates: with CPI soaring and expectations for rate cuts suppressed, reserve interest is temporarily safe; but once rates drop later, coupon payments will fall, and USDC volume will have to make up the difference. Ironically, in the past 30 days, USDC circulation actually saw a net outflow of $1.3 billion, shrinking instead of growing.
The Q3 earnings report on November 4th is a major test: can USDC volume climb back up? Can the CPN payment network, with an annualized $14.7 billion, 175 institutions, and a 76% quarter-over-quarter increase, turn transaction volume into real revenue? The story sounds promising, but profits remain to be seen. Don't be dazzled by the massive transaction volume.
#Circle财报在即，稳定币增长能否兑现收益？ $TRX claims to be a "high-performance public chain" and the "king of stablecoins." It constantly boasts about high TPS, low fees, and being the top in USDT transfer volume, but if you peel back that shiny exterior, it looks more like a centralized kitchen operated single-handedly by Justin Sun—busy on the surface, but highly centralized inside, with decentralization just a slogan.
Let's talk about your so-called "decentralization" trick first. The DPoS super representative mechanism sounds democratic, but in reality, voting rights and control are highly concentrated, the founder has huge influence, and the community has very little real say. The node distribution and governance structure have long been criticized as "pseudo-decentralized."
You shout about decentralizing the internet, yet you have built yourself into a highway for stablecoin transfers, where the real core power lies with a few big players and centralized stablecoin issuers.
Looking at actual use cases, USDT-TRC20 is indeed popular—cheap and fast, becoming the first choice for many transfers. But the problem is, the more the network depends on centralized stablecoins, the more vulnerable it becomes—once Tether freezes an address, related protocols have to halt as well.
What about the token itself? Its market cap has consistently ranked in the top ten, but its price has long been stagnant or even underperforming the broader market.
$TRX $SOL I heard that the offline event in Shanghai was suddenly called off, with the official reason being "too large in scale."
My first reaction wasn’t regret, but respect.
Toly and his team flew all the way here, the Asia-Pacific team prepared for over half a year to showcase their skills, but it all fell through before the opening. Those who understand know that the rules here are never written in the whitepaper.
Interestingly, the official schedule hasn’t changed—on October 21, the Alpenglow upgrade will proceed as planned, and the finality confirmation time will be cut down to 150 milliseconds. One event fizzled out at the venue, while the code is stepping on the gas. What should token holders think? I feel these two things together show that Solana’s main narrative isn’t here; the meeting is for show, the upgrade is the substance.
The current price is just over 106, up 40% from three months ago, nearly 30% higher than six months ago, with only a 15% pullback. The position isn’t low, but it’s not crazy either. At times like this, the biggest fear is letting a single event mess with your mindset—the meeting may or may not happen, but the ledger on the chain keeps moving forward. $SOL The bearish logic behind this wave of sell-off is relatively clear. On one hand, Changxin Storage's breakthrough in DRAM technology has sparked market concerns that the global storage industry's pricing power will be impacted, with capital preemptively pricing in the future profit margin pressure caused by increased supply; on the other hand, the Philadelphia Semiconductor Index has weakened for two consecutive days, dragging down sector sentiment. SanDisk, along with Western Digital, SK Hynix, and other leading storage companies, have been sold off by investors. Coupled with rising US Treasury yields and inflation data disturbances, growth chip stocks are under further pressure.#特斯拉交付超预期后盈利修复成焦点 Netflix Earnings Report Betting Breakdown: $0.84 Is the Key Threshold
The core bet around Netflix's earnings report is simple: **whether GAAP EPS can surpass $0.84**. The rule is that the YES side must have EPS strictly greater than $0.84 to win; the NO side wins outright if EPS is equal to or less than $0.84. The settlement deadline is October 21, 2026, with the earnings report expected the day before, on October 20. 7, 10
Here is a detail that is easy to overlook: **even if Netflix's final reported EPS is exactly $0.84, the NO side still wins**. So this bet should not be simply understood as "better performance means a win"; it only depends on whether the final number crosses this threshold.
From a fundamental perspective, the NO side's chances are indeed better supported. Netflix management previously gave a Q3 guidance of **$0.82**, and currently, multiple institutions' forecasts also cluster around $0.82, all below the $0.84 threshold set by the bet. 2, 3 In other words, as long as the company's final results fall within its guidance range, the NO side can secure a solid win.
However, caution is advised: if Netflix exceeds expectations in price increases, advertising business, or cost control, EPS could break above $0.84, at which point the YES side would reverse the outcome. #奈飞增长或放缓，广告业务成新看点 $SOL Shanghai drama, the coin price votes with its feet
◆ What happened | Event was stopped
On the evening of October 14, the entire LED screen of the Citibank Tower lit up with SOLANA, officially announcing its entry into Shanghai Tower, shouting "ni hao shanghai" quite loudly. On the morning of the 16th, the Accelerate China tour Shanghai stop was directly stopped, police came to the scene, attendees waited at the door for an hour and a half, and the official apologized by email at noon. This is the second time in a year; last year's Shenzhen event was also canceled like this.
◆ Market reaction | Didn't take it seriously at all
$SOL is now 106.2, up 4% in 24 hours. The event was canceled but the coin didn't drop, indicating the market understands clearly: the damage is to the narrative and face, not the fundamentals. Solana's entry into China was never about retail investors buying coins, but targeting developers, AI, and hardware people.
◆ What to watch next | Hangzhou stop
After the four-city tour, there are still Hangzhou (18th), Shenzhen (20th), and Beijing (22nd). If the Hangzhou stop goes smoothly, Shanghai is just an exception; if it gets stopped again, the "China tour" narrative will really become a joke, which will suppress sentiment.
At the 106 level, resistance is at 110-112; only after stabilizing above that can short-term sentiment be fully digested; below 100 is a key round number, if it breaks, don't touch it for now. 【2026/10/16 East 8 Zone 15:10】What signals did Fed's Waller speech release? How to position Bitcoin? Take a look quickly
1. In the morning, the Fed Chair attended the IMF annual meeting held in Bangkok and delivered a speech. The core content was neutral, not revealing whether there will be a rate hike in October. Based on his previous relatively hawkish speeches, given the current high inflation in the US, not turning hawkish is good news;
2. In addition, Waller gave a positive assessment of artificial intelligence, believing that AI may improve economic efficiency, which to some extent supports the tech sector; as of writing, CME's market forecast shows only a 15% probability of a rate hike in October. Combining the above, my view remains consistent with yesterday's: the Fed will most likely hold steady this month and push the rate hike window to December;
3. Regarding Bitcoin, it continues to oscillate and consolidate around the daily top-bottom conversion support. Under the expectation of no Fed rate hike this month and pressure on US Treasury yields, US stocks and crypto are expected to rebound. Technically, the cycles longer than two days are in a bullish pattern. The long positions in the 80000-81000 range given in yesterday's analysis are still held. The current plan is to maintain the position unchanged, with the target still looking at 84000-86500.$xTSLA Tesla has really outdone itself this time! Truly the light of humanity's future
Many people saw the Tesla Roadster's live airborne demonstration and immediately exclaimed that the new car would boost the stock price.
But it's important to distinguish: this surge is driven by emotional speculation, not a fundamental change.
First, about the flying car itself:
The launch event was held at the SpaceX test site, where the second-generation Roadster completed inverted ramp climbs, mid-air flips, and brief airtime.
Key point: the "flying" version is the Rocket edition, which cannot be driven on public roads and is a limited invitation-only model.
The standard performance version open for pre-order does not have flying capabilities and will only enter mass production in 2028.
Even when produced, it is a high-end niche sports car with very low volume, contributing little to Tesla's overall revenue and profits.
Essentially, it is a top-tier engineering showcase designed to demonstrate technology and boost market imagination.
So why did the stock price soar in the short term?
1. It reshapes the market's technological expectations for Tesla.
Previously, the market worried Tesla was just a car company with slow AI and autonomous driving progress.
This demonstration linked SpaceX aerospace technology with automobiles, causing investors to revalue Tesla's tech attributes beyond traditional EV metrics.
2. Explosive social media buzz attracted short-term capital inflows.
Videos of the flying car spread widely online, igniting retail investor enthusiasm and prompting short-term trading that directly pushed up the intraday price.
3. Combined with earlier delivery data recovery and long-term expectations for FSD autonomous driving, multiple positive expectations resonated.
The Roadster is just a catalyst; the real valuation support comes from long-term stories like Robotaxi and full self-driving.
⚠️ Biggest risk: the trap of positive news being priced in.
Historically, Tesla's major launches have caused price spikes followed by pullbacks.
The Roadster mass production is not until 2028, a very long timeline with many uncertainties.
Regulatory issues, safety certifications, costs—any one of these could derail the flying car version.
Investment banks generally agree: a single limited-run sports car cannot support Tesla's trillion-dollar valuation.#特斯拉发布新一代Roadster，行情走高 Scenario Simulation
First Hypothesis: Bullish
Assuming the election results in a split Congress, with both parties reaching a minor fiscal expansion agreement, OPEC+ continues production cuts, Middle East geopolitical risks persist (or escalate), U.S. employment weakens slowly, and the market trades in expectations of rate cuts.
First, major commodities: crude oil, Shanghai copper, gold, silver, and agricultural products all rise simultaneously; energy price increases transmit along the supply chain, pushing up chemical and fertilizer prices, causing a rebound in U.S. CPI.
Second, the U.S. dollar DXY: fluctuates downward, long-term U.S. Treasury yields decline.
Third, crypto market: liquidity improves and expands, following major commodities and risk assets to continue strengthening.
Second Hypothesis: Status Quo Maintained
Election results are finalized, uncertainty eliminated, no large-scale new fiscal stimulus bill, the Federal Reserve maintains high interest rates for a period, watching inflation data.
Market scenario:
First, major commodities diverge: gold's safe-haven attribute strengthens, crude oil and industrial metals fluctuate within a range without a broad rally.
Second, the U.S. dollar and U.S. Treasury yields fluctuate narrowly.
Third, BTC mainly oscillates, lacking sustained one-sided large moves, with repeated range-bound fluctuations.
Third Hypothesis: Bearish (I believe this probability is the lowest, and the possibility of controlling both chambers is almost zero!)
Republicans fully control both the House and Senate, prioritize fiscal spending cuts, the market worries about a debt ceiling deadlock, and the global real economy weakens simultaneously.
Market performance:
First, major commodities generally fall, funds flow into U.S. Treasuries for safety, and inflation rapidly declines.
Second, the U.S. dollar strengthens, U.S. Treasury yields decline.
Third, risk assets (including the crypto market) come under pressure and decline. $POL
Polygon's broader ecosystem strategy highlights an important distinction between network infrastructure and token demand. POL supports the Polygon ecosystem's network economics, but the token's long-term value depends on how network usage translates into actual economic activity. Payments, applications, and infrastructure adoption can strengthen the ecosystem, yet competition from other scaling solutions remains intense. Usage growth and token-value capture need to be assessed separately.#Netflix growth may slow, advertising business becomes new focus CoreWeave’s 5.9% rebound followed a 15.46% drop, but the credit market still tells a more demanding story: its 2032 bond yield exceeds 15% and 5Y CDS reached about 1,195bp. Huang’s comments on falling capital costs are constructive, yet a $100B-plus backlog only helps once compute delivery turns contracts into cash flow. Execution remains the test.
#JensenBacksCoreWeave #NetflixQ3AdsAndMargins
Perspective: Slower growth doesn't mean bad if profits still increase strongly. If Netflix maintains its profit margin and advertising stays on track, the current price drop may have already reflected most concerns. Conversely, another weak Q4 forecast would reinforce the "end of an era" narrative.#奈飞增长或放缓，广告业务成新看点 Netflix's core dilemma in Q3 lies in the fact that a 12% revenue growth rate is the lowest in nearly eleven quarters, and whether advertising revenue can fill the gap remains the biggest question. The annual advertising target is about $3 billion, with Q3 expected to contribute $700-800 million, but although the ad package has over 250 million monthly active users, the per capita revenue is still lower than the standard package, and monetization efficiency remains to be verified. Meanwhile, viewing time in the first half of the year only increased by about 2%, with weakening per capita engagement, coupled with the risk of churn after price hikes, limiting profit margin expansion. Overall, the financial report is likely to meet expectations but is unlikely to bring surprises. Stellar cleared 12M transactions on Oct 11 at a $0.00012 average fee. That’s roughly $1.4k in fees for its busiest day this week. $XLM slid from $0.20 to about $0.18. Usage is real, but it’s payment throughput, not fee demand. Soroban averaged ~$16M/day in Q1 (Messari) vs ~$60M/day of stablecoin payments. My read: neutral-bearish through Meridian (Oct 28). Watching the 200-day near $0.18 and $0.21 resistance. A daily close above $0.21 on above-average volume kills this view. #CanBTCHold80K #特斯拉交付超预期后盈利修复成焦点
$ZAMA Talking about that move by Arthur Hayes, I really couldn’t hold back when I saw it.
Over three million tokens, at most less than $200,000. Compared to his whole portfolio, it’s the smallest chunk, barely a fraction. Yet this still gets treated as headline news everywhere.
Think about it, the big guy casually throws out some grocery money, and it makes a coin’s volume roar for half a day. The current price is just hovering around 0.75, with a 14% move in 24h, making it look lively.
This is exactly what I both admire and stay wary of—the story is bigger than the chips. Did he put in real money? Yes. But what does this amount represent in terms of conviction? At best, it’s just a placeholder.
When the ticket is still cheap, big players casually snag one, and retail investors get blown away thinking they caught the main rally. I’ve seen this script way too many times. $ZAMA The South Korean KOSPI index fell 14.5% this week, marking the largest weekly drop since October 2008. Is this crash in the Korean stock market just a short-term market sentiment release, or a precursor to the bursting of the semiconductor bubble?
Many say the economy is failing, but a closer look at the latest data reveals this is mainly an extreme effect caused by the collision of three pressures.
AI monetization anxiety erupts
The US tech stocks have been volatile, coupled with market doubts about whether AI giants can recoup their massive capital expenditures. Samsung Electronics and SK Hynix, the two chip giants, account for nearly half of KOSPI's market value. Once the AI chip bubble theory is hyped, Korean stocks naturally become the first to be hammered.
Fed rate cut expectations cool down
The latest US inflation data exceeded expectations, shattering expectations of further Fed rate cuts. US Treasury yields soared, and foreign capital has sold Korean stocks for 8 consecutive trading days, directly draining liquidity.
Structural weight imbalance
The concentration of tech stocks in the Korean market is too high. Once foreign capital sells off semiconductors, the market will experience a stampede. Additionally, many leveraged funds triggered forced liquidations, further amplifying the decline.
A short-term rebound is expected, but a big bull market is unlikely to return quickly.
In the medium term, it depends on whether US tech stocks can deliver profits and the Fed's liquidity stance. If the AI industry chain cannot produce impressive profit results, this adjustment may evolve into a process of volatile bottoming.
#韩股修复反弹，外资卖压能否缓解？ After the announcement of the second-generation flying Tesla Roadster today, many might see this as a positive, as Elon Musk has once again successfully captured the market's attention.
However, the new car launch sparks imagination about Tesla's future, but that is a different matter from the actual profitability of the Q3 financial report.
The future performance of the Roadster is worth looking forward to, but it cannot directly change the revenue, costs, and operating expenses that have already occurred in the third quarter.
Therefore, I personally lean towards No, mainly for the reasons mentioned yesterday:
🔷 Revenue expectations: Q3 revenue is expected to be about $27.79 billion, slightly lower than Q2's $28.236 billion, but EPS needs to increase from $0.33 to at least $0.44, an increase of about 33%.
🔷 Regulatory credits and AI investment: Q2 automotive regulatory credit income dropped about 67% year-over-year, while Tesla continues to expand AI computing infrastructure, so profitability pressure is worth noting.
🔷 Delivery volume and profit: Although Q3 deliveries exceeded market expectations, they still declined about 2.1% year-over-year.
Moreover, delivery volume does not equal profit; ultimately, it depends on whether automotive gross margins can improve and whether operating expenses continue to rise.
Overall, I think it is not that easy for Tesla's Q3 EPS to exceed $0.43, so I currently lean towards No!
#OKX US Stock Earnings Season Breakpoint London event opens on November 15. Looking back three editions, $SOL rose two weeks before the opening in two of them.
The 2023 Amsterdam event opened on October 30. Fourteen days before the event, SOL rose from 23 to 35, up 51%, and two weeks after the event it surged to 55. The 2024 Singapore event opens on September 20; in the 14 days before, it rose from 128 to 148, up 15%, then two weeks after the event it fell back to 142. The 2025 Abu Dhabi event opens on December 11; in the 14 days before, it dropped from 142 to 131, down nearly 8%, and continued downward one week after the event. Prices are based on OKX daily closing prices.
For the two rising editions, the starting points were both low. At the end of September 2023, it was around 21; in early September 2024, it retraced to 128, 9% lower than a month earlier. Both editions entered the event with upward momentum. The falling edition was the opposite: mid-November it was still at 160, but dropped to 131 by the event.
On October 5 this year, the closing price was 119, then returned to around 106, down 11% from the beginning of the month, a drop similar to the 2024 retracement. So the pre-event trend is biased bullish.
Around November 1, two weeks before the opening, if the price is still below 106, this year will follow the 2025 pattern.#奈飞增长或放缓，广告业务成新看点 Netflix's Q3 revenue is forecasted to be approximately $12.88 billion (up 11.8% year-over-year), with EPS around $0.82 (up 39% year-over-year), likely meeting or slightly exceeding expectations. Advertising revenue is expected to reach $700-800 million, potentially becoming the biggest highlight. The core focus is whether the operating profit margin can remain above 33% while revenue growth slows to 12%. If advertising monetization data exceeds expectations, the stock price is likely to be boosted.$BTC is quietly recovering, while $ETH is still bleeding. This is not a coincidence, it's a signal.
Data on the 15th: $BTC ETF net inflow of 5.06 million, $ETH ETF net outflow of 60.22 million. The numbers seem small, but the direction is a hundred times more important than the numbers.
Let's start with $BTC.
5.06 million is indeed not much; the previous day's net outflow was 260 million, with inflows only 1.9% of outflows. But there's a crucial detail — throughout the day, only BlackRock's IBIT was active, with a single-day net inflow of 16.79 million, and cumulative net inflows have piled up to 65.6 billion. Grayscale Mini is selling, but IBIT is buying. What does this mean? It's not that institutions stopped buying; the buyers have become more selective. The money is still flowing in, but the path has narrowed.
Today, the Fear & Greed Index jumped from 53 yesterday directly to 64, shifting from "neutral" to "greedy." Emotional turning points are often hidden in such single-day data.
Now let's look at $ETH, which is even more worth discussing.
Since October, $ETH ETFs have had 11 trading days, with outflows on 10 days, totaling 860 million. On the 15th alone, ETHA had an outflow of 44.39 million, and ETHE outflowed 18.28 million. Continuous bleeding is not a single-day emotion; it's a trend.
Why is $ETH being sold off so harshly? Two reasons overlap.
First, the macro environment has precisely hit $ETH's weak spot. The US September CPI year-over-year was 3.7%, exceeding expectations, and the probability of a rate hike in October rose from 22% to 35%. The holder structure of $ETH ETFs differs from $BTC — more traditional US institutions and wealth management funds with lower risk tolerance. When interest rates fluctuate, they exit faster than anyone else. $BTC holders include more "faith-based" positions, while $ETH holders are more "allocation-based." Allocation positions are the least sentimental.
Second, the price structure has deteriorated. $ETH broke below 2400; the next technical support is 2300, and below that is 2200. In the past 24 hours, $ETH liquidations reached 65.42 million, 83% of which were long positions. Bulls are being repeatedly flushed out. On Bitfinex, $ETH long positions hit a 4-year high, which looks "bullish," but from another perspective — the more crowded the longs, the harsher the chain liquidations during a drop. It's a double-edged sword.
So why can $BTC hold up?
VanEck's research offers a reference: in a pure crypto portfolio, the optimal Sharpe ratio corresponds to a 71.4% $BTC / 28.6% $ETH ratio. When institutions rebalance and overall crypto exposure shrinks, who gets cut first? The over-allocated one. $ETH's relative weakness this year has caused its actual weight in institutional portfolios to deviate from the target. The rebalancing itself continuously creates selling pressure on $ETH.
$BTC is different. For all institutions allocating to crypto, $BTC is the first position, the largest position, and the longest-held position. It is the "core," while $ETH is the "satellite." Core positions get rebalanced but are not eliminated.
In plain terms: $BTC is the ballast stone, $ETH is the elastic position. When the seas get rough, you throw the elastic position first to save the ship.
The current market is telling a very clear story — capital is choosing between $BTC and $ETH, and a choice has already been made. 5.06 million versus negative 60.22 million — this contrast is not noise, it's direction.
$ETH is not without opportunity. If 2300 holds, and there is volume-supported buying near 2200, that will be another story. But for now, don't fight the flow of funds.
Are you on $BTC or $ETH? Share your position logic in the comments.
#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 Order Book Strength Ranking
5-minute median slippage, estimated by order book
$ZRO large buy cost rising. Simulated slippage for a 100,000 scale buy increased from 0.47% to 0.59%. Depth deterioration precedes price perspective.
$TIA large buy and sell costs both rising, small buy costs almost unchanged. Simulated buy/sell slippage for a 100,000 scale increased from 0.40%/0.37% to 0.45%/0.45%. 10,000 buy still about 0.09%. When costs worsen, adjust order size, not directional view.
$INJ large sell cost rising. Simulated slippage for a 100,000 scale sell increased from 0.18% to 0.24%. Comparing adjacent windows, execution constraints are tightening.Solana just ran an ad in Shanghai
So why did the economic investigation bureau show up at the event today $SOL 如果奈飞这次财报把广告层和利润率一起讲顺了，那它给市场的信号可能远不止一份财报那么简单。 streaming 的回暖，会不会悄悄改变币圈对风险偏好的定价？ 我自己看这类传统科技财报时，越来越在意它和 crypto 情绪之间的那根暗线。10 月 20 日奈飞 Q3 出炉，指引营收约 128.6 亿美元，经营利润率抬到 33.2%，股价目前走得很平。表面是订阅和广告的生意，底下其实在交易一件事：高利率环境里，一家成熟平台能不能靠广告+会员双引擎把利润率的坡继续爬上去。 偏多的路径很清楚。广告层如果放量，叠加订阅韧性，利润率上修会被解读成"消费互联网的定价权还在"。这种叙事一旦被接受，风险偏好会先从美股科技往外扩，BTC 和 ETH 通常不是第一站，但会是第二站，尤其是当资金觉得宏观没有更坏的时候。山寨的情绪修复往往更晚，需要看到 BTC 先稳住、ETH 相对走强，才会有人愿意往高 beta 挪。 可风险也藏在这条线里。市场对"超预期"的计价已经很满了，beat 本身不稀奇，稀奇的是广告展望能不能把 33.2% 这个数字变成起点而不是高点。如果指引只是符合预期，平坦的股价反而容易变成利好出尽$BTC
Charles Schwab's $13 trillion asset management scale is officially open to retail clients for direct BTC trading, marking a structural recognition of crypto assets by traditional financial channels and further strengthening the long-term narrative. On-chain data confirms this logic: during this downturn, long-term holders transfer only about 480 BTC per hour to exchanges, just one-fifth of short-term holders, indicating a still solid holding structure. However, short-term holders' inflow of 2,200 BTC per hour remains the fourth highest since August; selling pressure has marginally weakened but not disappeared.
Daily MACD histogram is -484, with DIF and DEA both below zero, indicating bearish momentum still dominates; 4-hour MACD just formed a golden cross but the histogram value is only 9.35, showing weak strength; 1-hour RSI=64.18 is near overbought, and a slight bearish divergence appears on the 15-minute chart. More worrisome is the whale activity—one address sold a total of 1,601 BTC over 5 days for 132 million USDC, then bought 53,095 ETH. This is not ordinary portfolio rebalancing but a direct vote on BTC's short-term relative strength.$BTC
This is the long-term logic of institutional entry, and a short signal of whale exit and multi-timeframe indicator bearish divergence. These are not contradictory—long-term positions need not panic, but short-term chasing has very low cost-effectiveness. If 82,000 cannot hold with volume, the probability of a pullback to 80,500 is greater than a direct breakout to 85,000 #Tesla launches new generation Roadster, market rises #美国CPI与PPI双超预期，年内能否再加息？ 【2026/10/16 East 8 Zone 15:00】What signals did Fed's Waller speech release? How to position Bitcoin again? Take a look quickly
1. In the morning, the Fed Chair attended the IMF annual meeting held in Bangkok and delivered a speech. The core content was neutral, without revealing whether there will be a rate hike in October. Based on his previous relatively hawkish speeches, given the current high inflation in the US, not turning hawkish is good news;
2. In addition, Waller gave a positive assessment of artificial intelligence, believing that AI may improve economic efficiency, which to some extent supports the technology sector; as of writing, CME's market forecast shows only a 15% probability of a rate hike in October. Combining the above, my view remains consistent with yesterday's: the Fed will most likely hold steady this month and push the rate hike window to December;
3. Regarding Bitcoin, it continues to oscillate and consolidate around the daily top-bottom conversion support. Under the expectation of no Fed rate hike this month and pressure on US Treasury yields, US stocks and crypto are expected to rebound. Technically, the cycles longer than two days are in a bullish pattern. The long positions in the 80000-81000 range given in yesterday's analysis are still held. The current plan is to maintain the position unchanged, with the target still looking towards 84000-86500. Platform coins have all been pulling back this week. Why did I only bottom-fish $OKB yesterday, but not $BNB or $HYPE?
Because I'm betting on the narrative of OKB scarcity being realized, while BNB trades time for certainty, and HYPE is a mature derivatives market that's hard to break through again.
1. Last year's narrative of OKB hitting a one-time cap, I think, was just the beginning.
Because after that burn, OKB actually hasn't been able to profit from OKX's development. Now the applications of X Layer and OKX Pay are just getting started, so demand for OKB is still low. I'm betting on this growth potential.
2. BNB follows a programmatic deflation path, which is actually the most stable.
It just burned 1.37 million BNB, leaving 136 million moving toward the 100 million target. This rule has been running for 7 years and is predictable.
Active addresses at 2.63 million and stablecoins at 16 billion have hit new highs, but its market cap is already close to 100 billion, so the downside is it's slow and lacks explosive potential.
3. HYPE is the native token of a decentralized perpetual DEX, with protocol revenue exceeding 1.4 billion USD, 99% of which is directly used to buy back HYPE on the open market.
The story is good, but the DEX market has a ceiling, making it hard to have a big breakthrough again. This is also why BNB and OKB have now upgraded to platform coins.#特斯拉交付超预期后盈利修复成焦点
Tesla's earnings recovery becomes the focus after deliveries exceed expectations
Tesla's earnings report after market close on 10-21, I am betting on a rise in Outcomes. Why?
① Deliveries exceeded expectations: Q3 deliveries were 486,500 vehicles, 5.3% more than analysts' expected 462,000, and 1.3% more than Q2. This is known good news; the stock price already rose on the day of the October 2 announcement.
② Energy storage missed the mark: deployed 13.7 GWh, expected 15.9 GWh, 14% short. Energy storage is one of Tesla's highest gross margin businesses, this will drag profits.
③ Profit threshold cut: This quarter's EPS expectation is $0.45, down 18% from $0.55 ninety days ago. Revenue expectation is $28.1 billion, almost the same as last year. The market no longer expects much profit this quarter.
④ Options undervalue volatility: Options only price in 6.6% volatility after earnings, while the past 12 times the actual average was 8.2%, with a maximum increase of 21.9%.
My logic for betting on a rise:
Lower thresholds are easier to surpass. After the 18% cut in expectations, as long as profits return to last year's $0.50, that's a 10% beat. In the last 7 days, 5 analysts have upgraded, 3 downgraded; in the previous 30 days, it was 4 upgrades and 7 downgrades, the trend is shifting. The real value of XRP lies not in the story, but in adoption
Many people know XRP because of its historical surges or the years-long lawsuit between Ripple and the US SEC. But judging XRP cannot be based solely on K-line charts, nor can every Ripple partnership be taken as positive news for the coin price.
What truly deserves study is the institutional path Ripple has built step by step over the past decade: from cross-border payment networks to digital asset custody, stablecoins, and institutional clearing. In August 2025, the SEC and Ripple withdrew their appeals, significantly reducing long-term legal uncertainty. In October 2026, Ripple explored stablecoin settlement, cross-border deposits, and custody integration with DriveWealth, and the product boundaries continue to expand.
However, there is no automatic transmission between partnership news, company valuation, RLUSD adoption, and XRP price increases. The core judgment is this: Ripple's scarcest asset is not any single payment channel, but the ability to enter the compliance systems of banks, brokerages, and payment institutions. The most controversial aspect of XRP is that this ability has not yet stably translated into on-chain usage, token demand, and holder value.
#美国CPI与PPI双超预期，年内能否再加息？ $HYPE: In-depth Cycle Commentary
Current price is around 81, with a September high reaching 97.98, a pullback of about 17%. Looking at the weekly chart, it started rising from 9.3 at the beginning of the year to a peak of 98, a more than 10x main uptrend over a year. The current price still stands above EMA25 (69.5), so the weekly trend remains intact. The daily RSI has returned to around 34, indicating short-term weakness, which is a normal consolidation after a big rally.
Capital flow: The contract long-short ratio is 1.93, with retail bulls dominating; spot 24h net inflow is 2.4 million, but the 30-day cumulative net outflow is 210 million, indicating large funds are cashing out at high levels, while short-term bottom-fishing funds are returning, increasing the divergence between bulls and bears.
From a cycle perspective:
This round of HYPE's rise is driven by the DEX narrative—Hyperliquid, as the leading on-chain derivatives platform, has seen real explosive growth in trading volume and fees, not a vapor coin. From 9 to 98, the first main wave is complete, now in a mid-term consolidation phase, digesting valuation and turnover, not yet at the frenzied emotional peak.
Historically, in every bull market, it is normal for leading coins to pull back 20%-30% mid-main uptrend. The weekly trend is unbroken, the DEX sector narrative remains, and the cycle-level market is far from over.
For mid-to-long-term holders, no need to be shaken by short-term fluctuations; pullbacks are buying opportunities.
Just a personal view, trading is ultimately self-reliance
#Meta巨额AI投入进入回报检验期 The S&P 500 fell 1.11%, BTC weakened in sync and dropped below 82,000. This time, is it the US stock market setting the pace, or is crypto falling on its own? First, the news. Three sets of data: On the stock market side, the S&P 500 fell 1.11% to 7,718.94; on the crypto side, BTC was at $81,571.4, 24h -0.09%, nearly one week +0.67%, breaking below 82,000; on the macro side, the US Dollar Index was 102.07 (-0.46%), gold 4,163.1 (-0.34%), and US September CPI year-over-year 3.7%. On the capital side, the latest ETF single-day net inflow was 172 million, with a 5-day net outflow still at 506.3 million; on the sentiment side, the fear and greed index dropped from 62 to 53. Next, looking at the impact of capital. The correlation between BTC and US stocks is not constant: during calm periods, correlation is low; during events, correlation is high. The reason lies in the "common factor"—when the market trades liquidity (interest rates, the dollar, risk budget), all assets move in the same direction; when the market trades their own fundamentals, correlation decreases. Today's CPI is a typical common factor event: it simultaneously affects stock valuations, dollar pricing, and crypto risk premiums. Implications for BTC: in a phase dominated by common factors, isolated on-chain or industry positives are hard to counteract the macro direction. A practical way to judge who is setting the pace is to look at the timing: if US stocks move first after key data releases and BTC follows, then BTC is beta; if BTC moves first and there is crypto-specific news, then【2026/10/16 East 8 Zone 14:59】What signals did Fed's Waller speech send? How to position Bitcoin? Take a quick look
1. In the morning, the Fed Chair attended the IMF annual meeting held in Bangkok and gave a speech. The core content was neutral, without revealing whether there will be a rate hike in October. Considering his previous hawkish speeches, given the current high inflation in the US, not turning hawkish is good news;
2. In addition, Waller gave a positive assessment of artificial intelligence, believing that AI may improve economic efficiency, which to some extent supports the tech sector; as of writing, CME's market forecast shows only a 15% probability of a rate hike in October. Combining the above, my view remains consistent with yesterday's: the Fed will most likely hold steady this month and push the rate hike window to December;
3. Regarding Bitcoin, it continues to oscillate and consolidate around the daily top-bottom conversion support. Under the expectation of no Fed rate hike this month and pressure on US Treasury yields, US stocks and crypto are expected to rebound. Technically, the cycles longer than two days are in a bullish pattern. The long positions in the 80000-81000 range given in yesterday's analysis are still held. The current plan is to maintain the position unchanged, with the target still looking towards 84000-86500.【2026/10/16 East 8 Zone 14:59】What signals did Fed's Waller speech send? How to position Bitcoin? Take a quick look
1. In the morning, the Fed Chair attended the IMF annual meeting held in Bangkok and gave a speech. The core content was neutral, without revealing whether there will be a rate hike in October. Considering his previous hawkish speeches, given the current high inflation in the US, not turning hawkish is good news;
2. In addition, Waller gave a positive assessment of artificial intelligence, believing that AI may improve economic efficiency, which to some extent supports the tech sector; as of writing, CME's market forecast shows only a 15% probability of a rate hike in October. Combining the above, my view remains consistent with yesterday's: the Fed will most likely hold steady this month and push the rate hike window to December;
3. Regarding Bitcoin, it continues to oscillate and consolidate around the daily top-bottom conversion support. Under the expectation of no Fed rate hike this month and pressure on US Treasury yields, US stocks and crypto are expected to rebound. Technically, the cycles longer than two days are in a bullish pattern. The long positions in the 80000-81000 range given in yesterday's analysis are still held. The current plan is to maintain the position unchanged, with the target still looking towards 84000-86500.$187 million max leverage long: This person pushed the liquidation price just above 80,000
Caught a ruthless player on-chain. Address 0x30a…93e, using 40x leverage to long 1,822 BTC (about $150 million), 25x leverage to long 15,270 ETH (about $37 million), total position $187 million. BTC liquidation price $80,637, ETH liquidation price $2,406 — both less than 2% away from current price.
This is not the first time this person has played this big. At the end of August, longed NEAR at $2.14, took profit at $4.88 at the end of September, earning $14.8 million on one trade.
Now BTC is around $82,200, his longs are still in profit. But the 80,000 level was just broken and reclaimed once — in a gambler’s script, there is never the phrase “take profit while ahead.”
Risk reminder: The liquidation price of high-leverage longs is a magnet for the market. For reference only, not investment advice.
#BTCOnce the PPI was released, $BTC dropped directly from above 83000 to 80168, $ETH fell to 2315, and $SOL was the worst, hitting a low of 100.46, barely holding the three-digit mark. Now it’s barely catching a breath: Bitcoin at 81000, Ethereum at 2363, SOL at 102.15. 📉
What’s truly worrisome isn’t a single data point, but that two consecutive inflation indicators have simultaneously missed expectations. PPI reported 6.3%, expected 5.3%, CPI just came out, and now PPI follows suit. Rate cuts have basically become a pipe dream, and the threat of rate hikes hangs over us again. The market’s fantasy of a Fed pivot has been almost completely shattered.
But looking at the market, the first wave of deep decline has just passed, and buyers haven’t given up yet. Positions haven’t been significantly reduced, and funding rates haven’t turned to extreme negative values, indicating leverage hasn’t been fully cleaned out. Bottom fishing at this level is like giving away money. Even if you want to try, wait until after a period of low volume sideways trading.
I’m still holding shorts—not because I’m bearish, but because in this situation both longs and shorts are prone to being stopped out. Holding on stubbornly is like giving away money; let leverage clear itself out, no rush.
Key support levels below: $BTC 80000/78000, $ETH 2300/2200, $SOL 100/95. Don’t rush to bottom fish at round number levels; if you miss the timing, you’ll be left bleeding.
Can you hold through tonight’s market?
#USCPIAndPPITopForecasts #Netflix growth may slow, advertising business becomes new focus Peter Schiff has again urged investors to sell Bitcoin and buy gold as inflation and bond yields rise. His view deserves context: both assets have declined this year, with gold holding up better so far. That does not prove either long-term thesis. I would compare liquidity, volatility and time horizon instead of treating one warning as confirmation.
#NetflixQ3AdsAndMargins $ZEC #Netflix growth may slow, advertising business becomes new focus The most common mistake in the tech circle is waiting until danger actually occurs before starting to remedy it.
The market report on October 16 mentioned that the Starknet community is discussing shifting the network to an independent, quantum-resistant Layer 1 architecture; meanwhile, Ethereum researcher Vitalik Buterin emphasized that the development of zkEVM should not only pursue speed but must also focus on the security of the proof system and the consistency of verification.
Here are two completely different time scales.
The zkEVM security issue concerns the correctness of the current system; quantum computing is a long-term cryptographic risk and the community discussions should not be interpreted as Bitcoin or Ethereum already being under quantum attack.
But such discussions have practical significance: once the underlying cryptography needs upgrading, old addresses, asset migration, wallet compatibility, and user operations will all become complex issues.
My view is that a truly mature blockchain not only runs fast when the market is good but also has the capability to complete security upgrades before future threats emerge.
Of course, the quantum resistance narrative may also be used by projects for marketing; it is necessary to look at the specific technical solutions, implementation timelines, and independent verification results.
Truly valuable technological upgrades are not about convincing investors that danger is imminent but about preparing the system before the danger arrives. Stabilizing prices is the bottom line, but he doesn't give any advance hints on how interest rates will move. The real judgment will come at the two meetings in October and December. $BTC $ETH $ZEC Global investment is quite strong this round; he sees this investment boom as a core support for economic improvement, so no need to panic in the short term. He talked the most about AI, saying this is the most profound economic transformation he has seen in his lifetime. The US now even calls it SI. First, demand is pulled up, then productivity dividends will follow; the short-term impact on employment is still unclear. On November 16, San Francisco will hold a special AI hearing. He also mentioned the financial risks behind tech investment. The private sector is pouring money into new technologies; the Federal Reserve does not judge who is right or wrong but must watch out for extreme risks. In summary: don't guess interest rates, wait for the data. AI is a long-term story; don't use it as a basis for short-term trading. #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 $BTC is following the overall market today; the entire market dropped 0.50% in 24 hours, but the top gainers are all small-cap sectors. Looking at the Retail, Trading Card RWA, and bStocks ecosystems together, they all tell the same story: bringing real-world assets like stocks and cards onto the blockchain for retail investors to trade. Modular Blockchain rose 18.0%, more like catching up with the rally. Where is the money coming from? USDT market cap decreased by 0.20% in 24 hours; stablecoins are contracting, and no new funds are coming in from outside. The large caps are falling while small caps are rising, indicating that existing funds are moving from mainstream coins to small caps. The Fear and Greed Index rose from 59 a week ago to 63, showing sentiment is heating up but not yet overheated. I think this round of RWA small-cap rally is supported by turnover of existing funds and won't last long; the hotspot will shift to other themes within a few days. Next, watch the 24-hour gains of the bStocks ecosystem; if it falls back into negative territory, it means this rotation is over. Only if USDT market cap starts expanding again will the small-cap rally have the confidence to last longer. Netflix has fallen after 5 consecutive earnings reports: −5.1%, −10.1%, −2.2%, −9.7%, −7.3%.
In the past 12 earnings reports, the day after saw 5 rises and 7 falls, with an average volatility of 7.8%.
This time, the options imply an expected volatility of 7.7%, almost the same as the historical average, indicating the market is not betting on a big surprise.
The stock price has dropped 41% from the high of 124 a year ago, with expectations being knocked down 5 times in a row, so this time the optimism is not as high.
I am betting on a rise in Outcomes, and will see the result the day after the earnings report.
#奈飞增长或放缓，广告业务成新看点 #霍尔木兹商船遇袭，石油运输持续承压 The Trump administration is considering easing sanctions on the “Shadow Fleet,” with the core goal of lowering the soaring domestic fuel costs in the U.S. ahead of the November midterm elections. This policy shift is not a full "relaxation" but a precise tactical adjustment aimed at reducing global shipping rates by releasing sanctioned shipping capacity, thereby stabilizing oil prices.
What is the “Shadow Fleet”?
The “Shadow Fleet” refers to oil tankers used to evade Western sanctions, specifically transporting oil and petroleum products from countries like Russia, Iran, and Venezuela. These vessels often turn off their AIS (Automatic Identification System) or manipulate information to hide their whereabouts, hence also called the “Ghost Fleet.”
Details of the sanction easing plan
According to disclosed discussion details, the core of the plan is “conditional, case-by-case approval”:
· Allow transport of “legal oil”: The U.S. government is considering permitting these previously sanctioned vessels to transport crude oil or petroleum products not sanctioned by the U.S. (for example, oil from other Gulf-producing countries), rather than sanctioned oil from Russia or Iran.
· Sale and delisting: One option is to allow the sale of sanctioned vessels to legitimate commercial buyers; once the transaction is approved, the sanctions on the vessel would be lifted, enabling unrestricted operation.
· Case-by-case approval: Companies intending to purchase these sanctioned vessels must apply for approval from the U.S. Treasury Department. The Office of Foreign Assets Control (OFAC) will review each case individually to decide whether to authorize the transaction and lift sanctions.
⚖️ Why ease sanctions?
The immediate trigger is the global tanker freight rates hitting historic highs, significantly increasing the transportation costs of U.S. crude and refined products, which in turn exacerbates domestic inflation. With the midterm elections approaching, high oil prices and inflation pose major political risks for the Trump administration. Previously, on October 9, Trump temporarily lifted sanctions on Russian diesel to increase supply, which drew strong criticism from Ukraine and European allies. In contrast, easing sanctions on the “Shadow Fleet” is seen as a more technical option with relatively less political resistance.
📉 Market impact: Significant short-term sentiment shock
After the announcement, the market reacted quickly and sharply, mainly concentrated in the shipping sector, with limited direct impact on crude oil prices.
· Shipping stocks plunged: The market interpreted this as a signal of increased shipping capacity supply, directly bearish for freight rate expectations. Hong Kong shipping stocks collectively plunged, with COSCO Shipping Energy down 13.5%, Pacific Basin Shipping down over 8%, and A-share COSCO Shipping Energy and China Merchants Energy Shipping also hitting daily limit downs at times.
· Mild oil price reaction: The news had little obvious downward pressure on oil prices. WTI crude even rose due to a large drawdown in U.S. crude inventories, while Brent crude fell slightly. The market is balancing the potential supply increase from sanction easing against ongoing concerns over escalating attacks in the Strait of Hormuz, offsetting bullish and bearish factors.
🔮 Follow-up developments and key constraints
The actual effect of this policy is highly uncertain, mainly constrained by:
1. The “Shadow Fleet” capacity is already in use: Many sanctioned tankers have not been idle; they have been actively operating over the past three months, transporting Russian and Iranian oil. Therefore, easing sanctions is unlikely to quickly increase available mainstream tanker capacity.
2. Doubtful effectiveness: Industry insiders generally expect that even if sanctions are eased, freight rates will not significantly drop, and the ultimate effect on lowering global oil prices may be very limited.
3. Political and legal obstacles: This move faces domestic criticism in the U.S. as a de facto concession to Russia and Iran. Also, any changes to the sanctions list require complex legal review procedures by the U.S. Treasury Department. $BZ
4. Geopolitical risk hedging: The tension in the Strait of Hormuz is the biggest uncertainty. Recently, two commercial vessels were attacked and sunk, and the Iranian Revolutionary Guard announced sinking a cargo ship. If security risks in the region continue to escalate, the room for freight rate declines will be very limited and may even surge again. $CL
Summary
Trump’s consideration to ease sanctions on the “Shadow Fleet” is a tactical policy experiment driven by election pressure. Its core goal is to lower shipping costs by increasing compliant shipping capacity, thereby alleviating domestic inflation pressure. However, since the “Shadow Fleet” capacity is already active and geopolitical risks in the Middle East hedge against this, the move is more symbolic than effective. It is more likely a form of “expectation management” for the market rather than a “magic bullet” that can fundamentally reverse oil price and freight rate trends. Whether it can be implemented and its actual impact remain to be seen, depending on the U.S. Treasury’s approval pace and the security situation in the Strait of Hormuz. $BWET Netflix’s Q3 isn’t just about the revenue line. The market is watching two things: how much the ad tier is adding, and whether operating margins hold up. Expectations are high (77% “Yes” on beating earnings), so there’s room for disappointment too. If ads become a real growth engine, the narrative could shift.
$NFLX
#NetflixQ3AdsAndMargins BTW, it previously surged all the way up, reaching a high of $2.77, but has now fallen back to around $1.96.
There are a few details worth noting in the 4-hour structure:
① The pullback from the $2.77 high: Significant selling pressure at the top, with a nearly 30% retracement from the previous high.
② Repeated battles around $2: The MA25 is near $2.02, but the price has not yet been able to firmly hold above it, showing short-term weakness.
③ $1.8–$1.9: Recent support zone; if broken, it may continue to test around $1.5.
But what I’m most concerned about is the token distribution.
A market cap of $19.66 billion, but liquidity is only $4.21 million, and the top 10 addresses hold as much as 96%.
Although the top 10 addresses may include contracts or liquidity pools, this level of concentration and liquidity structure calls for extra caution.
My judgment: short-term, it’s more likely to oscillate with a bearish bias, but a sudden big bullish candle to flush out shorts can’t be ruled out.