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$ZEC This week's market basically looks like this. I just opened a small long position, but it didn't go up. It's stuck in a limbo, which is a bit awkward.
Yesterday afternoon, ZEC repeatedly tested the upper side. Every time it surged, it was just short of breath, volume didn't keep up. I thought the drop last night was about done, so I opened a small long position at 1314, current price 1,308, return rate -2%. I should exit once it moves up a bit more.
Being out of position isn't a sin; opening positions recklessly is the mistake.
Hold as long as the trend isn't broken; if it breaks, exit. Don't fall in love with the market.
Take profits on 80% first, move the stop loss on the remaining 20% to the cost price. If it continues to drop, let the profits run. Now is not the time to rush; wait for a new structure to emerge. There are still opportunities, don't be anxious. #9月FOMC纪要公布，多数官员倾向再加息 Funds are ROTATING! 🔄 🔴 $ETH: Weakest - $1.36B outflow in 24h, continuous dumping 🔴 $BTC: -$226M 24h, -$547M 7d, big money out 🟡 $SOL: Short rebound +$1.55M (2h) but still weak 🟢 $ZEC: STRONGEST +$6.04M (12h), +$173M (30d) My ranking: $ZEC > $SOL > $BTC > $ETH Price lies, money flow doesn't. Where are you rotating? #Crypto#SepFOMCMinutesHikeWatch #BTCETFFlowParadox #OKXNOW:24x7MarketEra $BTC $ETH $SOL The market has been crawling along the lower track for almost two days, with volume shrinking as if the heartbeat has stopped. Yet, there are still a bunch of people in the square asking, "How many times leverage is appropriate to go all in now?"
Has the trend emerged and you're already rushing to guess the bottom? Every time there's a two-point rebound, you get excited like it's New Year's, then after three days of a slow decline, you play dead in the group chat without a word.
Come on, report in the comments how many points your long positions have held on to, let me see how many stubborn heads still think they can buy at the lowest point.
$BNB $CAKE $TWT If you're still shaken by the volatile market and can't hold your position, don't swipe away just yet—no guessing the direction, just mark three price lines, and the conclusion is straightforward. $BTC
First, the peak of the early bull phase historically appears after the short-term holders' cost basis (STH-RP) crosses above the 365-day moving average. Currently, STH-RP is about 74.2K, and the 365-day line is about 79.2K—these two lines haven't crossed yet. $ETH
Second, after Bitcoin turns from bear to bull and effectively stands above the 365-day moving average, normal bull market pullbacks generally won't break below this line effectively. This line is currently near 79.2K (it's dynamic, basically equal to the exchange's 365-day moving average). $SNDK
Third, bull markets don't rise straight up; there will definitely be pullbacks to STH-RP. But historically, after re-crossing above the 365-day moving average, pullbacks to STH-RP happen only after the two moving averages cross, not before.
So the conclusion from marking these lines is simple:
One, the early bull phase peak hasn't arrived yet, so don't rush to treat the bull market as over;
Two, the probability of a short-term effective break below the 365-day moving average is very low—unless a major negative event occurs outside the market.
Volatility is volatility, but the structure remains intact. $TQQQ What happens if you hold tqqq on OKX for the long term?
I'm going to do an experiment. I'm a college student with over 50,000 RMB on hand, planning to save 50,000 RMB in domestic Nasdaq QDII and 10,000 RMB in OKX tqqq before graduation.
I've observed tqqq data since 2010 for a long time and also backtested data from the 2000 bubble peak. I believe tqqq has long-term holding value, provided you execute a long-term holding dollar-cost averaging and buy-the-dip strategy well.
My post-graduation strategy is to invest 2,000 RMB monthly into domestic Nasdaq QDII and 1,000 RMB into OKX tqqq, with 200 RMB reserved as a bullet for additional tqqq purchases during big dips.
If future income increases, I will increase the investment accordingly. By dollar-cost averaging like this for 20 years, I wonder if it can let me retire around 40 years old? 😀
#9月FOMC纪要公布，多数官员倾向再加息 #ETF仍在流入，BTC为何下跌？ #全球长期国债收益率升至多年高位 OKX launched Nasdaq 100 and Netflix stock perpetual contracts this afternoon, opening at 16:45 with full USDT settlement.
OKX just added the broad US stock indices to its derivatives shelf. Nasdaq 100 opens at 16:45 this afternoon, Netflix goes live at 17:00, with funding fees deducted every 8 hours. PENG opens first at 16:30, followed by US100USD and NFLXUSD. All three contracts use USDT margin and USD pricing, available on both web and mobile platforms, so there's no need to open foreign bank accounts for currency exchange.
Previously, trading US tech stocks or broad indices required either overseas broker wire transfers or just watching the market helplessly. This time, OKX directly brought Nasdaq 100 tech-heavy and streaming leader contracts into its library, allowing order placement on web and app without currency exchange. I searched the app contract section this morning; the codes are already searchable in the search box, just waiting for liquidity to open this afternoon.
I just checked the market: Bitcoin spot turnover is at $82,983.7, platform perpetual total open interest is $8.233 billion, and the fear and greed index is stuck at 64. US stock index perpetual contracts have wider spreads during off-hours than at open; around 21:30 before NYSE opens, there can be gaps with the underlying stocks. I added them to my watchlist first and will watch the first matching spread at 16:45 opening.$SOL
SOL fell below yesterday's low; which step should the rebound repair first?
Today's early morning spot 24-hour observation window: range 115.27—120.32 USDT, change -2.98%, trading volume about 89.51 million USDT.
Today's range low is below yesterday's 118.86, and the observed quote has not recovered the old low point. Calling the rebound after the low point a restart of the uptrend directly would skip the step of whether the original trading range is reclaimed.
I will first observe whether it can stand back above 118.86 and hold; if the rebound repeatedly encounters resistance there, supply may still dominate. If the pullback stabilizes and then gradually moves up, the repair judgment is improved. #9月FOMC纪要公布，多数官员倾向再加息
Let me highlight the key points for everyone.
First, don’t expect this to trigger a big rally.
Second, it’s a short-term breather.
In September, the rate hike of 25 basis points was unanimously approved by 19 officials, pushing rates to 3.75% to 4.00%. That’s in the past; the key is what the minutes say about what’s next. Most officials stick to the old story: inflation is too high, and there might be another hike before year-end. Some worry that energy prices will keep pushing inflation up, others think rates aren’t tight enough yet. But guess what? They’re actually arguing among themselves about when to act, with no clear consensus.
The market doesn’t care at all. The pricing for an October hike has dropped from about 70% to around 20%. In plain terms, the market has fully priced in a "pause."
Overall, don’t treat these minutes as a bull market signal; it’s just a record of a past meeting. The market now cares about "when to act," not "whether to hike."
So news is just news and shouldn’t be the basis for your short-term trades. Just keep that in mind. What do you think? $BTC $ETH $XRP continues to look bearish, with long positions liquidated worth 4.41 million USD in the past day, while short positions only 180,000 USD. Almost all the liquidations were long leverage, 346 trades versus 73 trades, with no signs of shorts being forced to cover. However, this 4.41 million is just a small portion of the 460 million USD contract open interest; most leverage remains in the market, far from fully cleared. The current price is very close to the intraday low of 1.4055; if it breaks below again, the remaining longs will continue to be forcibly liquidated, accelerating the downtrend. The chart shows bearish moving average alignment, increased volume on the decline, and RSI at 29, all pointing in the same direction as the liquidations. A low RSI only indicates weakness; it is not a rebound signal until long leverage is cleared. Funding rates have been negative for nearly three periods, which is just background information and not a directional indicator. In the next day, I expect it to break below 1.4055 to a new low. The condition for a bullish reversal: price must reclaim above 1.477, and short liquidation amounts must surpass long liquidations; otherwise, this view is invalid.Account Position Divergence Radar｜Last 15 Minutes
$MET top accounts are slightly bearish, with a larger long position scale: account long-short ratio is 0.9, position ratio is 1.38; the difference in proportion between the two types of long positions has expanded by 1.45 percentage points. There are more bearish accounts, but the position scale is still dominated by longs, and the two indicators have not yet aligned.Last night the minutes were released, three markets, three types of declines.
First, let's talk about the news. The Fed's September minutes show most officials leaning towards another rate hike. The "no rate hike" fantasy built up by the surprising nonfarm payrolls a few days ago was shattered in one page.
Now look at the market, this is the interesting part.
Gold was the first to fall. It slid all the way from 4350 down to 4076; safe-haven assets stand no chance against a 5.7% yield.
Ethereum broke down last night. The critical level at 2626, talked about for so long, finally broke, with a low of 2532. The worse detail is that even after falling this far, funding rates remain high; the longs are too crowded, and the sell-off targets where the most people are.
Bitcoin held up relatively better but also retreated from above 85000 to 83060. The breakdown doesn't look too bad because whale selling pressure has weakened, and ETFs have seen net inflows for three consecutive weeks. Fewer people are selling, but buyers aren't decisive enough either.
The contradiction lies here.
On the news side, officials are calling for more rate hikes. On the capital side, ETFs have been buying for three weeks straight, and whales have stopped selling. On the price side, crypto and gold are falling, but US stocks are rising; the S&P broke above 7800 last night, a historic high.
The mouth says sell, the hands are buying, and prices are jumping around. When these three signals conflict, direction is the most expensive luxury. My rule remains: don't bet on direction, wait for them to align.
What do you think, when mouth, hands, and price disagree, who do you listen to in the end?
#9月FOMC纪要公布，多数官员倾向再加息 #BTC巨鲸抛压减弱，ETF资金连续三周净流入 $BTC $ETH $XAU Is $BTC in a weak consolidation phase, or is it the starting point of a low-level recovery? Andy from Big Shooter leans toward the former: the 4-hour candle has not reclaimed 83.8K, so there is still a need to guard against another test of the lows; this is his judgment. Kraken's public quote is about 82.80K, with a 24-hour low of 82.60K, indicating the price is still hugging the lower boundary, and the rebound has yet to prove itself.
I keep an alternative scenario: if the low dips further but quickly recovers and forms a higher retest low, a short-term repair is still possible. But I will wait for the 4-hour candle to reclaim 83.8K before observing the retest support; until triggered, this is just a backup hypothesis, and I do not prematurely treat the low price as a buying reason.
The two paths will be decided by the close and retest: if 83.8K is firmly regained, it will weaken the weak consolidation judgment; if 82.60K is broken and not recovered, the repair scenario fails. I prefer to wait for conditions to appear first, then consider risk based on failure distance, rather than chasing prices back and forth between the two narratives. Would you first watch for the low point recovery, or wait for the 4-hour resistance to turn into support? This is just a personal market observation and does not constitute investment advice.$BTC outflow lasted two days, then was immediately taken back. On October 1st, net inflow was 103 million, and on the 2nd, another 31.7 million was added. Selling pressure did not break through; buying support is holding.
$ETH has had net outflows for four days since September 29th, totaling 135 million. The bleeding has not stopped, and the rebound is weak.
One step forward, one step back; strength and weakness are clear. The market chooses sides without sentiment.
My short position at 86,000 is still open. The positive news has been priced in, and resistance above is dense. However, BTC ETF inflows serve as a warning. If funds continue to flow in, the short position should be closed. Stop loss at 88,000, target between 83,000 and 83,500. Reduce position when target is reached, keep remaining position at breakeven.
Light position, calm mind. ETF flow is the short-term compass. Watch closely, do not fight against the money.
$ZEC
#交易之声：你的经验值得被听到 📅 2026/10/08
🐻 BERA suddenly dropped nearly 8% today.
Currently around $0.2185,
24H -7.7%.
It was still near $0.237 yesterday,
today the lowest has already reached $0.216.
But there is a very interesting contrast:
📉 BERA: obvious decline
📈 Berachain TVL: +4.5%
Currently:
TVL ~$38.8M
Stablecoins 7D +2.5%
DEX 24H ~$890K
Active addresses ~4,766
In other words:
**The coin price is falling, but on-chain funds have not yet retreated in sync.**
There are also two new updates worth noting today:
🔥 Berachain entered the Top 10 in fund token holding growth
🔥 Joined the GOAT Flow Payments related ecosystem
These two pieces of news are positive signals for long-term adoption.
But the short-term market is now more concerned about:
Can BERA hold $0.216?
If it holds and climbs back above $0.23,
this drop might just be a shakeout.
If $0.216 is lost,
the short-term structure will clearly weaken.
What do you think:
📈 Rebound above $0.23
🦀 Consolidate around $0.216
📉 Continue to dip
#BERA #Berachain $BERA $BTC closed today with a large bearish candlestick with no upper or lower shadows. The bears started the sell-off directly from 85500 yesterday, hitting a low of 82700. Although it still closed above 83000, it is already on the edge. Looking at the MACD daily chart, there was a warning about a potential leak two days ago, and as expected, it was a fake breakout. Currently, after the death cross, the fast and slow lines have started to diverge downward. A continued decline is certain. For those wanting to bottom-fish and go long, it's better to hold back and be patient. Don't try to catch the bottom during the drop; that's not bottom-fishing, that's catching a flying knife.
Key focus area is the 80500-81500 range, with a fluctuation of 300-500 USD up or down, because there are still many short positions waiting to be relieved in this range, including the 78500-79500 range. Similarly, if it drops to this range, nearly 1.5 billion USD of long positions will be liquidated, causing another batch of longs to be trapped at 85300-84300-83300, and even in the 81-82 range, there will be many long orders waiting to bottom-fish.
My personal view is to mainly short at highs. The drop hasn't yet hit a spike low, so I am not considering going long for now. Yesterday, I only recommended going long on $XAU Gold at 4088 for a setup, and caught a rebound near 4150 for a profit. $XAG Silver was also bottom-fished at a low of 59.3, with a rebound to 60.6 yielding good returns. Those who followed have already taken profits and reduced positions in batches, waiting for new setup points to enter. The long position I took last night was closed this morning.
Although I still have a positive outlook for the market, ETH has clearly shown weakness in the short term.
$ETH was pushed down from around 2700 to 2535, and it still couldn't recover 2600 this morning, settling back near 2560. The decline is greater than BTC, showing clear short-term weakness.
However, I remain optimistic about the future for the following reasons:
1. The 2535–2580 range coincides with daily retracement, the 50-day moving average, and the 200-week moving average support zone. Below that is the weekly reference at 2500.
2. The mid-term moving averages are still positioned lower, so the structure is intact. Only the short-term uptrend line since September has been broken, meaning momentum needs to rebuild.
3. Although ETFs have seen net outflows for six consecutive days, the redemptions represent institutional portfolio rebalancing under macro pressure: oil prices, US Treasury yields, and hawkish minutes are all weighing on risk assets. ETH, as a high-beta asset, has been cleaned out more thoroughly. The six consecutive redemptions have wiped out nearly half of the previous inflows, and leveraged longs have also been cleared, reducing crowding compared to early this month.
In terms of trading, I am taking a long position based on consolidation and not chasing pre-breakout sentiment.
Most likely, the price will oscillate between 2540-2580 to digest, with an initial target of 2600 on the upside;
If the daily chart breaks below 2500 effectively, the short-term bullish logic is suspended, and I will reassess around 2450–2430.
Macro risks remain, and above 2600 there are psychological barriers from trapped positions and ETF redemptions.
So patience is required to wait for the chips to be washed out and for risk appetite to recover.
#9月FOMC纪要公布，多数官员倾向再加息 The first pro-cryptocurrency US president, government-related addresses have transferred tokens worth $670 million in just 2 days. What is going on???$DOGE has previously been blocked three times at the 0.10 threshold, and the market is already in a retreat phase, accelerating downward along with the broader market this time.
The 4-hour price has fallen below the EMA50 and EMA200 moving averages, with a bearish MACD death cross below the zero line, indicating a clear downtrend. There are no new fundamental positives: daily inflation continues with an additional 13.5 million tokens, no new progress on DOGE ETFs, making it purely a beta product of the broader market, with high upward elasticity but equally fierce pullback selling pressure.
Support and Resistance Levels
The upper 0.092 level is a strong resistance due to being a breached threshold combined with moving average pressure; the first support lies between 0.085-0.086, with deeper support at 0.080.
Scenario Projection (Next Week)
If BTC holds 83,000, DOGE will likely consolidate and oscillate between 0.085-0.092; if BTC breaks down, the price will test the 0.080 support.
Short-term Trading Range and Risk Control
Intraday oscillation range: 0.087–0.091.
Intraday stop-loss defense point set at 0.0845. In the early morning, $BTC dropped from 85500 to 83900, losing 1600 dollars just like that. 📉 A friend outside the circle asked me this morning if something big had happened again. Actually, no. It’s just that more people actively sold, plus leveraged longs were forcibly liquidated, and the two combined pushed the price down. Just look at two numbers: Active sell pressure went from -4.9 back to -3.1, indicating the most panic has passed, but the bears are still there. The liquidation index drop$AZTEC I was just complaining to my friends about this week's market, but I have to take back my words now, it's a bit awkward.
The AZTEC short position was pressed down from 0.01715 to 0.01551, a +191.25% gain, the timing was perfect, this profit feels good.
During the intraday bottom grinding, I noticed insufficient support; every rally lacked momentum, heavy with false bullish signals, so I warned about a rebound short. Don't lose patience in the consolidation and then try to regain dignity in a one-sided move.
I closed 80% of the position first, keeping 20% at cost price as protection; if it continues to drop, let the profits run. For friends who haven't entered yet, listen to me: now is not the time to rush in, chasing highs easily leaves you stuck at the peak, wait for a more comfortable position in the next round.
The market specializes in humbling those who think they are the smartest.
$XRP $DOGE $HYPE team selling pressure has landed, Bloomberg Terminal access enabled, crowded shorts become fuel for rebound
The $HYPE market structure has changed significantly compared to the past two days. The $33.75 million team shares unlocked on October 6 were confirmed to be sold OTC to a single institutional buyer, not sold on the open market, so selling pressure has landed and negative news is fully priced in. Another major catalyst: Bloomberg Terminal now accesses Hyperliquid perpetual market, opening an institutional-grade gateway.
Open Interest remains steady at $1.75 billion without decline, funding rate annualized turns negative to -14%, shorts continue paying funding fees, crowded short positions are potential fuel for the subsequent rebound.
Support and Resistance Levels
The short-term resistance is at 92–93 above; further upside target is 96; below, 87-88 is a dense buying support zone, breaking below points to 84.
Scenario Projection (Next Week)
With OTC selling pressure digested and Bloomberg Terminal institutional access as dual catalysts, the probability of stabilizing at 88 and rebounding to test 92-96 is higher than continuing a slow decline.
Short-term Trading Range and Risk Control
Intraday oscillation range: 87.5–91.
Intraday stop-loss defense point set at 86.5. #ETF inflows continue, so why is BTC falling?
ETF inflows continue, so why is BTC falling?
On October 6, the Bitcoin spot ETF saw a net inflow of $119 million, but on the same day, BTC dropped about 2.7%, falling below 84,000. Money is flowing in, but the price is falling — the inflow scale is far from enough to absorb the existing selling pressure.
Triple selling pressure: profit-taking, BTC is clearly above the cost line of 68,900 held by active traders, with continuous selling during the rebound; whale selling, with whales offloading over 30,000 BTC during the 87,000 surge; leveraged liquidations, after breaking below the dense cost zone at 84,500, triggering about $400 million in long liquidations in a chain reaction.
Macro factors are also pressuring: the 10-year US Treasury yield at 5.34% hits the highest since 2002, the US dollar strengthens, Brent crude nears $102, and rising real yields weaken Bitcoin's appeal.
ETF inflows are incremental, whale selling and leveraged liquidations are stock. When incremental inflows can't outpace stock selling, the price can't rise. 83,000 is the key defense line; if broken, look to 80,000; only by reclaiming above 86,500 can selling pressure be considered absorbed.
What’s your take? Discuss in the comments. $BTC $ETH $ZEC #9月FOMC纪要公布，多数官员倾向再加息
The September FOMC minutes have been released, sending an important signal: most Federal Reserve officials believe another rate hike is necessary within the year.
The minutes show that the majority of participants consider it appropriate to further raise the federal funds rate before the end of this year. At the same time, several officials believe the current rate level still only mildly restricts the economy, with some even advocating for faster and more rate hikes to suppress inflation that remains above target. 
However, it is important to note that "supporting another rate hike within the year" does not equal "a rate hike is certain in October."
After the September meeting, U.S. employment and inflation data weakened, and market expectations for an October hike have clearly declined. The market now leans toward holding rates steady in October and reassessing in December. The latest market pricing shows about a 19% chance of a rate hike in October, while expectations for a December hike are significantly higher. 
Therefore, the minutes truly reflect that the Fed remains hawkish internally, but policy pacing is starting to diverge.
For BTC, the logic is clear:
Hawkish expectations persist → U.S. Treasury yields and the dollar strengthen → risk asset valuations come under pressure → BTC faces short-term pressure.
But if employment continues to weaken and inflation further declines, the December hike could also be repriced.
In short: the minutes confirm the policy inclination for "another rate hike within the year," but market trading focus has shifted from "whether to hike" to "when and how many more hikes." $BTC Samsung partnership fails to stop capital outflow! $SOL hemorrhages 1.4 billion, short-term direction, a rebound above 118 is a shorting opportunity
Direction: Short
Entry range: 118.0–119.0
Take profit target: Around 113.0
Personal view: Despite the positive news of Samsung collaborating with Solana and ecosystem project mergers, the market failed to rally. SOL's capital Flow Score is -100, with a full-scale net outflow, losing over 1.4 billion in 15 days, bears are absolutely dominant; if the previous low of 115.21 breaks, it will open the downside space, and the rebound lacks volume support.
Positioning basis: Significant net outflow across 1D to 15D, over 160 million outflow in 12h; heavy short liquidation concentrated between 118–120 resistance above but difficult to break through, light short positions at the 118.0–119.0 resistance zone on rebound, target 115.0–113.0. #全球长期国债收益率升至多年高位 I was just about to go to the forum to rant, but then I checked my balance and decided against it; the market daddy is always right. During the intraday plunge, $GRASS showed weak rebounds, no one caught the rise, and selling pressure came wave after wave. I judged it to be a heavy bull trap and directly signaled a high short, not catching any flying knives.
Later, it really kept sliding down from 0.7352 to 0.6537, shorts gained +221.7%, nailed it. Those who missed the ride are probably kicking themselves, while those on board should be waking up laughing. This rhythm was perfectly timed, no effort wasted.
Take profits on 80% first, don’t be greedy for the last bit. Keep the remaining 20% at cost price as protection; if it continues to drop, let the profits run, and if it rebounds, don’t let gains turn uncomfortable.
Risk control done upfront is called being rational; cutting losses after losing is called decisive action. The market cures all kinds of arrogance, especially from those who think they’re the smartest.
If you haven’t gotten on board yet, don’t rush; chasing highs risks getting stuck at the peak, chasing shorts fears rebounds. Wait for the next move, see the new structure before deciding. Opportunities remain, no need to hurry.
$XRP $BNB $AIA is going to be listed on Bithumb's KRW market, and they also launched a principal-protected staking.
Let's talk about the staking first.
You stake USDC, and at maturity, you get back the same amount of USDC. Plus, you can earn up to 50% more $AIA as a reward over one year.
Sounds like a giveaway, right?
But you stake USDC and get coins back. If $AIA halves in value during the year, whether the 50% reward covers the loss is something you have to calculate yourself.
There are three pools: 50%, 40%, and 35%, all with a 12-month term.
Short-term traders should be most wary of the words "principal-protected."
It protects your principal, not that you won't lose money.
Listing on the KRW market is indeed good news; everyone has seen how fast Korean retail traders move.
But when the market opens at 1 PM, don't rush in.
The first wave on a new exchange often has more people taking losses than making profits.
My stance is straightforward: the news is somewhat positive, but I won't touch the staking because a one-year lockup is too long for short-term trading.
What you really need to watch is whether the volume on the KRW side can sustain after the opening.
#美CFTC推进加密市场规则，SEC拟调整托管框架
#美2025年度延期报税10月15日截止，涉及加密申报 #OKXNOW：开启全天候市场新时代 $HYPE ☀️ Thursday morning, all five coins are bleeding.
But this drop has little to do with whether the coins in your hand "have a story" — it's macro harvesting.
$BTC 83149, dropped from 86201 yesterday, down 3%.
The direct trigger is not something from the crypto world itself. The 10-year US Treasury yield surged to 5.36%, the highest since 2002, causing a global bloodletting of risk assets. Coupled with the Fed's hawkish September minutes, the market fears another rate hike within the year, liquidating over $600 million in leveraged longs. What started as a Bitcoin correction evolved into a market-wide flight to safety.
But an interesting signal: on-chain data shows the trend of whales net depositing to exchanges ended in late August, and since then capital flow has been negative, with selling pressure weakening. ETFs saw a net inflow of $241 million last week, marking the third consecutive week of positive inflows. On one side, leveraged funds panic and flee; on the other, spot buyers quietly accumulate. Time will tell who is doing the right thing.
83000 is the last short-term defense line; if held, expect a rebound to 84500, but the real direction depends on today's minutes. The market isn't betting on a bearish tone but managing event risk — if the wording is milder than expected, suppressed rebound demand will be instantly released.
$OKB 129.95, retraced 4% from 135.52.
The surge the day before yesterday was due to OKXICE submitting documents to the SEC for tokenized US stock trading, pushing $OKB near 136. But a key detail many overlooked: this is an application, not approval. Also, the role $OKB plays on this platform is unclear in the documents.
In short, this rise is based on expectations, not fundamentals. 130 is a threshold; if held, look for 135, if not, back to 125. The inherent weakness of exchange tokens is that they soar when the market is good but fall faster than anyone when the market drops because they lack a narrative independent of the exchange.
$ZEC 1327, retraced 2.1% from 1381.
This privacy coin's rebound has real substance — the NU7 upgrade testnet is live, block time reduced from 75 to 25 seconds, with mainnet expected in early November. Shielded transactions once hit 56%, a multi-year high, indicating genuine demand for privacy features.
But $ZEC ETFs saw nearly $100 million outflow last week. The drop from 1700 to 1300 was led by leveraged funds fleeing faster than anyone. 1300 is a key support; if held, expect 1350 or even 1450; breaking 1270 would invalidate the short-term structure. I've always thought this coin is a typical case of "real narrative but fragile sentiment" — the tech is solid, but the holding structure can't withstand turmoil.
$RE 0.45741, dropped nearly 7% from 0.492.
The 0.5 level held for a whole month but was decisively broken yesterday. Small coins have no defense when liquidity tightens; no independent narrative, no ETF, no whale support. When the market drains, they are the first to be drained. 0.45 is the last wall; breaking it leaves no decent support below.
$BICO 0.01997, down 5.18% from 0.02108.
The 0.02 integer level broke. $BICO works on ERC-4337 account abstraction infrastructure; technically the direction is sound, with over 4.6 million smart accounts deployed. But the problem is — it's not the only player in the account abstraction space, and the value realization cycle is very long. No new news, no new funds, no new clients; it leads the market down when the market falls. This logic shows no sign of changing in the short term.
My judgment:
This drop is essentially macro-driven liquidity contraction, not a deterioration of crypto fundamentals. $BTC whales are accumulating, ETFs are flowing in, $ZEC's NU7 is progressing, and $OKB is backed by traditional financial giants — these are real structural changes.
But in the short term, the FOMC minutes are the only referee today. If the minutes are hawkish, 83000 likely won't hold, next stop 81000. If the wording is milder than expected, suppressed positions will quickly be refilled, and $BTC has a chance to retest 84500.
I lean toward the latter, but only if the minutes contain no unexpected inflation warnings. What this market lacks most now is not good news but certainty.
#TRUMP关联地址减持，抛压会否延续？ #ETH现货ETF连续三周净流入 #9月FOMC纪要公布，多数官员倾向再加息 On the eve of options settlement, the market fell into a strange silence. Prices dipped slightly, but the market showed no vitality. The reason is straightforward: a huge nominal value of options will expire tomorrow, and market makers typically suppress volatility before settlement to squeeze out short-term leveraged positions. $BTC is consolidating with low volume in a weak zone; the selling pressure isn't really that heavy, but derivatives gaming has locked the space. Spot trading has no say at this stage.
$ETH is the same—weak in movement but unable to fall further, purely a large-cap Beta asset. Lacking independent catalysts, it can only passively wait for the shoe to drop within the gravitational field of options settlement.
But $SOL gave a completely different signal today. Meteora launched DLMM Pro, with a single-day on-chain increase of up to 44.6%. During the market's sideways movement and capital's watchful silence, SOL's DeFi infrastructure continues rapid iteration. This means funds haven't completely exited; they're just searching for new narrative outlets. Infrastructure quietly upgrading during consolidation often serves as the fuse for the next explosive move.
While the market awaits options settlement liquidation, SOL is self-evolving during the sideways phase. Don't be numbed by boring candlesticks; focus on those technological breakthroughs that still attract real capital during silent periods. $SOL 4-hour moving averages show a bearish alignment, EMA50 pressing down to 119.5, MACD dead cross below the zero line, with the green bars continuously expanding.
The annualized funding rate remains at +5%, and the open interest (OI) of $670 million shows no significant deleveraging, indicating that long positions have not surrendered, and there is still liquidation space below.
Support and resistance tiers
The upper range of 119.5–120 is the moving average resistance zone; below, 114.3 is the mid-September platform top support, with deeper support at 110.
Scenario projection (next week)
The market is highly likely to oscillate widely between 110 and 120. If the overall market weakens, it will test the 110 support; only if Bitcoin stabilizes is there a chance to rebound back near 120.
Short-term trading range and risk control
Intraday oscillation range: 114.5–118.5.
Intraday stop-loss defense point set at 113.5. $BTC 🚨In 32 hours, $670 million suddenly moved!
Addresses linked to the US government have been very active these past two days, transferring 6,215 $BTC, about $520 million, to Coinbase Prime, along with 119 million USDT in the same batch.
What’s even more alarming: the bears are still pushing hard!
Large transfers from government-linked addresses are just a signal; what’s really putting pressure on the market is that the bears show no sign of stopping.
Expectations of selling pressure above are heating up, and with bears continuing to apply pressure, market sentiment can quickly shift from "cautious" to "panic."
But it’s important to clarify here:
Transferring into Coinbase Prime ≠ already sold.
There is currently no evidence that these BTC have been sold, so transfers cannot be directly equated with dumping.
However, if the following happens—
🔴 Government addresses continue transferring to exchanges
🔴 Bears keep increasing pressure
🔴 BTC breaks key support and fails to recover quickly
Then it’s no longer just simple emotional fluctuations; the bears may be gradually taking control of this market move.
Conversely, if transfers stop and bears continue to dump but fail to move the market, beware of a potential bear trap.
So the most critical thing now is not to guess what the government intends.
It’s to see how long the bears can keep up their momentum.
The real danger in this wave isn’t what has already happened, but what could happen if the bears keep pushing.
Experienced traders won’t guess yet, just watch the market. 👀 334 bitcoins, 28.7 million USD, average price 85839 — to retail investors this looks like chasing a high, but to me, this is just an inconspicuous pawn advance in the 23rd round. The real killer moves are never written on the surface of the board.
Positions pushed to 848,000 coins. This is not just a position size, it’s a whole chain of pawns on the rear wing, pressing from the d-file all the way to the a-file, each pawn protected by the one beside it; anyone wanting to exchange pieces must first sacrifice their own structure. Strategy repurchased 176 million USD of STRC preferred shares; outsiders see a financial move, I see a clean and decisive sacrifice — filling in weak squares that could be exploited by the opponent, preemptively clearing hidden risks of forced exchanges, leaving the entire board with only the endgame type I want. High-yield preferred shares are that lone pawn that must be dealt with: keeping it means there’s always a needle stuck in the side during the midgame, making every move awkward.
Strive’s 2,000 coins, 169 million USD, represent an attack on the other flank. Pressure on both wings simultaneously on the board forces the defender’s resources to be stretched; any slack will cause a chain collapse. Corporate treasuries collectively increasing holdings is equivalent to advancing pawn groups across the entire board, trading for overall spatial advantage.
Looking at the Ethereum side, 15,112 coins added in a week, total 6,016,414 coins, about 84% staked. This ratio is the real key. Locking down over 80% of the pieces in place looks like a loss of mobility on the surface, but in essence it drains liquidity directly from the circulating supply — effectively sealing off the opponent’s deployment routes one by one, while setting up heavy artillery on one’s own semi-open lines. Staking is not lying flat; it’s promoting pawns to bishops and hanging those bishops on critical squares.
The linkage with US stock mapped targets is a flank channel of the same game, a bait pawn used to probe the opponent’s reactions. Follow if you can, exchange if you can, but never be led by the nose — the value of a bait pawn is never in itself, but in forcing you off the main line.
I never make moves in these kinds of hot trends. Before others move, I have already calculated this game beyond the twentieth move. The pawn structure is set, structural advantages accumulated, and now it’s just waiting for the opponent to loosen the last line of defense. #strategybuysmorebtc【On-Chain Trading Update｜SKR】
Monitored address 0x0c1f opened a long position:
▪ Execution price: $0.01613
▪ Transaction amount this time: $85,919.28
▪ Leverage: 3x
Note: This address has earned over $285,000 in profit in the past 30 days, with a return rate of +81.72% Bulls suffer a bloodbath, while institutions move against the trend
In the past 24 hours, the crypto market has been like a one-sided hunt. The entire network saw liquidations of $573 million, with long positions accounting for $532 million, or 92.82%, which is 12.9 times the short positions. $ETH liquidations reached $250 million, $BTC liquidations $185 million, with longs making up 94% in both cases. BTC fell from 86,000 to 83,299, down 2.65%; ETH broke below 2,550, closing at 2,544, down 5.58%.
The trigger was in the bond market: the 10-year US Treasury yield surged to 5.36%, the highest since 2002, putting pressure on risk-free assets.
However, capital is not retreating uniformly. BTC ETFs saw a net inflow of $119 million, with BlackRock's IBIT attracting $69.85 million; ETH ETFs, however, have had outflows for six consecutive days, totaling $408 million. Meanwhile, the US government transferred $670 million in seized assets to Coinbase Prime within 32 hours, including 6,215.7 BTC worth $520 million; a major whale, after a year of unlocking, moved 5,513 ETH to Kraken, worth about $14.97 million.
Strategy-wise: BTC support is at 83,299, with a bottom line at 82,500. ETF inflows provide a floor, offsetting government selling pressure, waiting for stabilization; ETH must hold 2,500 to rebound, otherwise reduce positions; SOL key support is 115, reduce positions if it breaks 110, do not chase unless it breaks 125 with volume. Three forces pull in opposite directions—let's see who stands last.
#9月FOMC纪要公布，多数官员倾向再加息 $ETH underperforms BTC and continues to drop! Exchange rate hits a new phase low, 2500 is the lifeline for this week
$ETH's chart is significantly weaker than BTC, with an intraday drop of -4.8%, currently around 2570, intraday low at 2544, continuously underperforming the market.
The ETH/$BTC exchange rate fell to 0.0308, hitting a new phase low, marking a structural weakness highlighted for a consecutive week. The cumulative 60% gain in Q3 has piled up a large amount of profit-taking, combined with continuous net outflows from ETFs, creating a double pressure.
From a technical perspective, the 2700 level has been oscillating for 8 days without holding firm, and last night it directly broke below 2600; 2544 is the lower edge of the platform since October, 2500 is the upper edge of the dense trading zone in September, and also the trend lifeline for this week. The daily MACD formed a death cross above the zero line, with the red bars turning green, releasing bearish momentum.
Support and Resistance
The first rebound target on the upside is 2630-2650, with 2700 as strong resistance from the previous consolidation platform; on the downside, 2500 is the core lifeline for this week. If it is effectively broken, the downside target is 2380-2400.
For the coming week:
The negative impact from the minutes has basically been released. If BTC holds steady at 83000, ETH is likely to see an oversold rebound in the 2500-2520 range; but if 2500 is breached, the adjustment space will further open to 2380-2400.
Short-term trading range
Intraday oscillation range: 2544–2630.
Intraday stop-loss defense point is set at 2498. The price trend in 2026 has shown extremes in both directions once. SoFi's compiled Bitcoin price history records a high of $97,860 in January at the start of the year, a low of $60,074 in February; then a new annual low of $58,035 on June 25. From $58,035 to $86,121 on October 5, there was an increase of about 48%, but the price still remained below the all-time high of $126,198. This position itself has a dual interpretation. If viewed as a deep correction in the middle of the cycle, then the current rebound is a trend recovery; if seen as a pullback after the top, the same price structure leads to a completely different conclusion. The retracement data alone cannot answer this question, but it can define a reasonable range of volatility, which is the part truly useful for risk management. For a framework to judge the cycle position, you can refer to our systematic review of the Bitcoin market cycle and the method of evaluating valuation levels using MVRV and realized price assessment. #新手必看：这里有你需要的一切 #交易之声：你的经验值得被听到 $BTC I feel like my recent trades have been going off track again
Last night, I opened this Ethereum position out of spite
Taking such a high and heavy position
In such a volatile market
It was just courting disaster
Sure enough, when trading out of spite, within 20 minutes
A single candle crashed down and blew up the position The load-bearing wall of the Strait of Hormuz is cracking, and global maritime insurance companies have quietly adjusted the stress coefficient into the red zone. From September 28 to October 5, at least twelve incidents involving oil and gas vessels were recorded; the maritime intelligence agency's logs are clear, while the International Maritime Organization's files hold nine reports—these numbers don't match. In my view, this discrepancy is never a statistical error but the most dangerous kind of signal in a survey report: structural deformation has begun, but different measuring instruments are giving conflicting readings.
What really made me spread out the blueprints and re-examine them was another figure. Gulf crude oil exports have already recovered to 21.8 million barrels per day, approaching the pre-war level of 23.3 million barrels. What does this mean? It means the building's facade still looks intact, the elevators still run, and tenants still work, but the shear walls in the underground garage have been hollowed out by one-third. The International Energy Agency is preparing to accelerate the release of about 100 million barrels of reserves, which is equivalent to temporarily installing support columns—it can hold for a while, but it cannot change the original structural load path.
Backup pipelines and inventories act as shock absorbers, able to absorb some vibrations, but they cannot create transport capacity out of thin air. The real fault line lies with the shipowners: as soon as they decide to reduce capacity and increase risk premiums, freight and insurance costs will propagate upward from the bottom, pushing oil prices higher and reigniting inflation. This is not a facade decoration issue; it is a problem of insufficient foundation depth.
Looking at the linkage with the US stock token $xNFLX, the logic chain is very clear. It essentially acts as a component that directly pours macro pressure into the price structure—once crude oil breaks above the 70-dollar mark, transportation costs, energy costs, and freight indices will layer onto equity assets like a load path. This is not simple correlation; it is the bending moment at different points on the same beam, and the shear force diagram will tell you where cracks appear first.
I have worked on too many unfinished projects. White papers are renderings, compliance is the planning permit, but liquidity depth and real utilization rate are the rebar stretching from the foundation to the roof. At this point, the foundation pit has not been inspected, yet the curtain wall has already risen three floors. The Strait's risk premium, reserve releases as temporary support, and shipowners' capacity decisions form a highly unstable triangular support system; if any diagonal tie fails, the entire node will undergo plastic hinge failure.
I don't look at renderings; I drill. The GPS tracks of oil tankers, insurance brokers' quotes, and the International Energy Agency's release schedule—these are the real geological survey boreholes. While everyone is focused on the daily K-line facade, the water level beneath the foundation is rising, and the drainage system is not even drawn on the blueprints. #hormuzsupplywatchBitcoin short-term support is at $81,500-$82,500, with short-term resistance at $84,500-$85,500.
Ethereum short-term support is at $2,500-$2,550, with short-term resistance at $2,650-$2,700.
On the news front, Trump has requested the Department of Defense to formulate a new strike plan against Iran to announce actions before the midterm elections and secure a victory. This maneuver has pushed crude oil prices up again. Europe has once again deployed billion-ton oil reserves to intervene in the market, indicating that oil prices have become a major factor affecting international financial markets. Additionally, the US will release the September CPI on the 14th, which may become a key timing point for Bitcoin's directional choice—will it drop directly or continue to surge past $90,000? Everyone should pay attention to changes in the news.
From a technical perspective, bears suddenly gained strength yesterday, and Bitcoin retested the key support near $82,500, signaling that Bitcoin has returned to the main range of $82,500-$85,500. My personal view remains unchanged: as long as it does not effectively break below $82,500, Bitcoin will continue to oscillate. Once it breaks below $82,500, the next support will be at $79,500-$80,500. Also, obsessing over bull or bear status daily is not very meaningful; I believe it’s better to look at the structure. As long as $72,000-$73,000 is not broken, it’s still a bull market. On the upside, only by firmly holding above $85,500 can Bitcoin have the ability to attack $88,000-$90,000, or even $92,000-$94,000. But I still remind everyone that the risk of a downturn may truly come after breaking through $90,000.
Ethereum follows Bitcoin’s fluctuations and has a similar pattern, so operate according to the rhythm. Short-term selling pressure is slightly greater than Bitcoin’s, so the short-term trend is weaker. Altcoins become more active when Bitcoin falls.
#OKXNOW：开启全天候市场新时代 SOL 115.96｜Break below 120, 117 becomes the key defense line
SOL has fallen steadily from above 120, hitting a low near 115 today, showing a clear short-term weakening trend. The previously repeatedly defended 117 has now become the first line of defense. Only if it can reclaim 118 will there be a chance to catch a breather; otherwise, further downside space will open up.
In contracts, the focus is on 115–117. If support appears near 115 and it can climb back above 117, watch for a rebound between 118–120; but if 115 is also effectively broken, the next level to watch is around 112–113. With this continuous decline, shorting is uncomfortable and it’s better to wait for a confirmed rebound or a break of key support.
Capital flow is also showing cooling signals: The US spot SOL ETF saw net outflows on October 5, 6, and 7, with about $4.8 million outflow on the 7th; meanwhile, SOL price fell from above $120 to around $116 during the same period.
After failing to hold above 120, the real question the market faces now is whether the pullback near 116 can be supported.
This is only a market opinion and does not constitute investment advice. $SOL On-chain settlement volume is skyrocketing, but no one is paying attention—the real usage rates of mainstream coins are diverging. Everyone is watching the price, but the on-chain settlement data tells a completely different story.
$BTC: Settlement volume surges, but mainly driven by institutional arbitrage
BTC's on-chain settlement volume recently hit a new phase high, but looking closely at the structure, most of it is large institutional transfers rather than retail payments. This indicates BTC's current positioning is very clear—it is not a payment tool but a reserve asset on institutional balance sheets. The growth in settlement volume reflects institutions rebalancing portfolios, not an expansion of economic activity.
ETH: Stablecoin settlements are running, but the mainnet is shrinking
$ETH mainnet settlement volume is declining, but stablecoin transfer volume within the Ethereum ecosystem continues to rise, and the on-chain application layer is becoming more prosperous. The problem is: these settlements occur on L2 and sidechains, with the mainnet capturing less and less value. ETH's settlement data is growing, but mainnet revenue is shrinking. This is a structural contradiction, not a cyclical issue.
DOGE: Settlement volume is sluggish, but the number of holding addresses is increasing
$DOGE on-chain settlement volume remains low, indicating it lacks real payment scenarios. However, the number of holding addresses is slowly increasing, with retail investors accumulating. This is a purely sentiment-driven market—no one really uses it to buy things, but everyone believes others will buy. The truth revealed by settlement data is: DOGE's use is speculative, not for payments.
BTC's settlement volume growth is institution-driven, ETH's settlement volume is migrating to L2, and DOGE's settlement volume proves it remains a speculative assetLooking at these two charts, only one phrase comes to mind: "Running naked on the crater of a volcano."
This is not trading; it's clearly handing over heads to the market. Shorting with 50x leverage, opening price at 830, now at 1329, a nearly 60% increase. In crypto, shorting a coin that has risen 60% without a stop loss is not called "value reversion," it's called "faith top-up"—only the faith being topped up is that of the market maker.
First, isolated margin (loss of 699U):
It's like an amputated wound, painful but not infected throughout the body. At least it won't affect other funds in your account; the worst outcome is this position going to zero without dragging you down.
But cross margin (loss of 1281U) is the real bomb:
Margin left is only 69U, holding a floating loss of 1200U. It's like driving a Ferrari with failed brakes going the wrong way on the highway, with a fully loaded truck (the main force) speeding towards you. If the market twitches again or Bitcoin pulls back slightly, the money in your account instantly becomes someone else's profit.
Every second holding this position now is a gamble that the market maker will suddenly show mercy. But in a one-sided rally, the market maker only complains the car is too light, not that there are too many people.
$ZEC Cross margin mode is not about having more money; it's about sharing one margin.
An account holds long positions in $BTC and $ETH.
Profits and losses on both sides are deducted from the same margin.
Where does this money come from:
$ETH position is 38,000 tokens, cost 2682.
Liquidation price is 2520, only 90 dollars away from the current price.
How is this number calculated:
90 dollars divided by the current price, a 3% drop will reach it.
But the 2520 figure is not accurate.
Because $BTC is also losing.
$BTC decreased from over 500 tokens to 255 tokens.
The margin freed by reducing the position was transferred to support $ETH.
Both sides are losing; the first to break is $ETH.
If it drops another few tens of dollars, the system will start selling for it.
#ETF仍在流入，BTC为何下跌？
#Strategy再购BTC，多家财库同步增持 #以太坊Glamsterdam升级登陆Sepolia测试网 $BTC $ETH Caught the middle, took the profit. 🎯
Shorted $BTC at 85,550 and manually closed at 83,600. BTC later dipped to 82,700, but I didn’t chase it.
The key was the 86,400–86,800 resistance failing, followed by the break below 85K.
You don’t need to catch the top and bottom. Take your profit, control your greed, and let the next setup come to you.
Now watching 82,700 support and 84K reclaim. No guessing—let price confirm. 📉
#DailyOrbit Standard Chartered custody rumors collide with $ENA pullback: I am bullish if 0.2281 is not broken
$ENA current price 0.2236, 24h -1.193%, the market is trading on rumors of Standard Chartered Singapore RWA custody—but the price is not buying it, dropping from 0.2263 to 0.2236 after the event, down 1.19%.
I am bullish at this level; if the rumor doesn't materialize, the price falls first, and the drop reveals the real position.
Bullish logic: First, the daily MA7 crossed above MA30 for the 18th day, indicating a short-term bullish alignment; second, RSI at 53.2 is neutral and not overbought; third, funding rate at 5e-05 is near zero, showing no crowding among bulls. The bearish side must also be acknowledged: daily MACD formed a death cross above zero 4 days ago, OI to archive is -4.07%, 30-day range position is 0.556, and 7-day is -8.06%, indicating the retreat is not over.
Resistance above: 0.2281, next target 0.2395
Support below: 0.2054
The broader market is retreating from highs, with the average of US crypto concept stocks down -5.42%, BTC has fallen 4 consecutive days; I only trust structural levels, not stories.
Conclusion: If 0.2281 is not broken, enter long at current price 0.2236; cut losses if it breaks below 0.2054; take half profit at 0.2395.
Back to watching the market, follow me for the next signal.
$ENA $BTCFive thousand three hundred sixty basis points — this is not just a number, it is a high-altitude trough generated out of thin air, pressing down on the North American continent's ten-year benchmark, causing the global capital's barometer to hiss in unison. The thirty-year yield breaking 5.7 is a deep trough unseen since 2002; the UK's thirty-year yield surged to 6.036, a level last seen in 1998. European markets are simultaneously reporting highs; this is not a localized thunderstorm, but a large-scale circulation adjustment.
As someone who watches the market closely year-round, I first look at the situational field: energy-driven inflation is like an abnormally warm sea surface temperature, continuously supplying energy to the lower atmosphere; government debt issuance is like surface water that cannot recede; and the massive capital demands of computing infrastructure are a new heat source, continuously heating the baseline of long-term financing costs. The combination of these three factors raises the potential height of long-term interest rates, making it difficult for short-term rates to effectively decline.
Next, consider the wind shear. The tailwind layer of the low-interest-rate era is being shredded, replaced by obvious vertical wind shear — the market will still have opportunities, but every convection will be more intense and shorter than before. The precipitation efficiency of risk assets is decreasing; the same cloud yields less rain.
Specifically for the US stock token $xINTC route: its pressure is determined by two airflows. One is a cold advection from the underlying spot equity market — discount rates rising, valuation anchors being directly pulled down; the other is warm, moist transport from on-chain liquidity itself, which can briefly raise a small ridge when sentiment warms. Currently, the strength of these two airflows is close, forming a typical frontal entanglement: clear skies during the day, thunderstorms at night, and everything changes by the next day’s report. In this situation, it is most taboo to determine the season based on single-day observations.
What concerns me more is the gradient. The slope between the ten-year and thirty-year yields, the US-Germany spread, and the isolated high values of the UK long end all point to the same thing: the world is transitioning from a long-term temperate climate of low interest rates to a subtropical high-pressure zone of high interest rates. The most dangerous aspect of this transition is not the high temperatures themselves, but the repeated alternation of cold and warm — it can cause people to misjudge that summer has ended or that winter will not come again.
So my judgment is straightforward: this is not a passing cold front, but a shifting climate zone. And tokenized equity assets like $xINTC stand right on this moving front line, with volatility expected to remain at strong convective levels for the long term. #GlobalBondYieldShock $BTC Robinhood bought $25 million worth of Bitcoin! The Bitcoin it holds on behalf of customers is more than 600 times that amount!!
▪️ Own holdings of $25 million, equivalent to about 294 BTC at this week's average price — the company put Bitcoin on its own balance sheet for the first time!
Custody for clients: 185,000 BTC, about $15.6 billion, recorded in separate ledgers
▪️ The official figure only gives the amount; 294 BTC is media-calculated — the amount is definitive, the BTC count is an estimate
▪️ In the same week, Strategy bought 334 BTC at an average price of 85,838.80, with total holdings of 848,000 BTC
The disagreement is not about how much was bought, but that "self-owned" and "custodied for others" are not the same thing. The former is a line on the balance sheet, the latter is the shelf it uses for business. In the same week, Strategy bought its 848,000th BTC, while these 294 BTC are the 1st — the company itself says that at a $100 billion market cap, this amount doesn't change much.
There are two sides to BTC as well: new entities entering the market are noteworthy, but this scale cannot enter any supply-demand table — it moves the narrative position, not the price position.
Focus on three things:
① The exact BTC count in the next filing;
② Whether this holding will become a system;
③ Whether the support at 82,000 holds.
Would you consider a broker's self-purchase as the start of institutional entry?
$BTC
#9月FOMC纪要公布，多数官员倾向再加息 #BTC巨鲸抛压减弱，ETF资金连续三周净流入 #全球长期国债收益率升至多年高位 $USELESS, true to its name, has already plummeted drastically. The most critical point is that the biggest whale Bonk Guy (who holds the most) has completely gone silent and hasn't mentioned Useless for a long time. Previously, there were all kinds of hype, but now it's all backfiring.$ZEC Four-hour chart
ZEC previously surged to $1689 before continuously retreating, currently around $1300.
The core pressure of this round of adjustment comes from ETF fund outflows. Grayscale ZCSH has had continuous net outflows for several days, with a single-week outflow scale close to $93.56 million. The managed scale has dropped from nearly $980 million to $751 million, and institutional fund withdrawals have brought sustained selling pressure.
There is an important fundamental event at play: the NU7 upgrade is underway. The testnet activation was completed on October 6. The upgrade will shorten the block time from 75 seconds to 25 seconds, tripling block production efficiency; the mainnet activation height will be finalized on October 20, with the mainnet activation target date set for November 5.
Resistance above is seen at 1430. To reverse the downtrend, volume must increase and hold above this level to have a chance to recover upward; key support below is at 1250. Once effectively broken, the downside space will further open.
Strategy: Currently, it is a consolidation phase after the decline, with intense long-short battles. ETF selling pressure and upgrade expectations are pulling against each other. Avoid heavy bottom-fishing in the short term; a prudent approach is to wait for a pullback to support and a stable close before considering buying; if the rebound fails to break through resistance, beware of a secondary decline.
#9月FOMC纪要公布，多数官员倾向再加息
#ETF仍在流入，BTC为何下跌？
#Solana代币化股票9月交易量突破44亿美元 Circle and Tether—the two biggest competitors in the stablecoin market—have rarely stood together on the EU's MiCA regulation this time.
The trigger is MiCA's reserve requirements for "significant" stablecoin issuers: up to 60% of reserves must be held in the form of bank deposits, and are subject to concentration limits with any single bank.
Tether's CEO said: reserves should be invested in highly liquid instruments like government bonds; being forced to expose them in commercial banks is actually more vulnerable. Circle hopes the EU will allow stablecoins compliant under foreign regulatory systems to enter the European market.
Though their opposition logic differs, their conclusion is the same—this rule either makes reserves less secure or reduces choices in the European market.
For us doing PayAll aggregation, European users' U-card options may be directly affected. If the rule is not changed before the December transition period ends, many small and medium issuers may exit Europe, reducing the variety of stablecoins users can use and tightening withdrawal channels. This is also why I insist on multi-channel aggregation on PayAll—if a single channel encounters problems, users need to have a Plan B.Stripe announced at TOKEN2049 that the Bridge-supported stablecoin Visa card will expand from 18 countries to over 100 by the end of the year. Half a year ago, it was still testing in Latin America; now it aims to go global directly.
In September, stablecoin card spending reached $1.2 billion, three times that of the same period last year; Visa stablecoin-linked card payment volume increased by 200% year-over-year, with over 160 projects running on its network; Credit Coop provided $2.5 billion in settlement credit for participating projects.
Stripe's logic is very clear—spend $1.1 billion in 2024 to buy Bridge for on-chain settlement, acquire Privy in 2025 for wallets, and now combine them to make stablecoin cards function like ordinary Visa cards. Stripe's global product head said: "Businesses don’t innovate for innovation’s sake; they need reliable ways to move money."
This shows that stablecoin cards are evolving from niche tools in the crypto circle into mainstream global payment infrastructure. From my experience doing aggregation comparisons at PayAll, the biggest takeaway is that card selection depends not only on fees but also on the depth of settlement network coverage and the transparency of issuer reserves. When Visa, Stripe, and Samsung are all working on the same thing, this track is no longer in the experimental stage.