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I see SpaceX's numbers as solid, due to the growth of Starlink subscribers and the boost from the AI segment. However, caution is needed with the earnings report, since even though revenues continue accelerating thanks to Starlink, the high level of Capex in Starship could pressure the final net margin.
What do you all think? I'll read your comments.
#SpaceXQ3Earnings CZ expressed support on X for any blockchain to make progress in any country. The day before, he praised Solana for setting up an office in Shanghai and advertising throughout the city. There are two versions regarding the postponement of the $SOL Shanghai event: the foundation said registrations surged fourfold overnight, exceeding the approved participant limit; attendees said there were police outside the venue. These two accounts have not been cross-verified. Last October, a similar event in Shenzhen was also cleared by police; having issues two years in a row is hard to attribute solely to logistics. An overlooked aspect is that the surge in registrations indicates a real demand from Chinese-speaking developers; what is restricted is offline gatherings, while on-chain usage remains unaffected. I judge that Solana will not hold any more public offline events in mainland China in the short term, shifting focus to online and Hong Kong; if a new Shanghai date is announced within a month and the event is successfully held, this judgment will be void. The above is a personal opinion record and does not constitute any investment advice.$BTC $ETH $PEPE
Still the same old story, today is another day headed for the gallows, and the breakthrough day really seems far away 🥹
Both capital and market sentiment are out, not sure if it can hold up #
BTC recently once dropped near 80,000 USD, with market dominance maintaining at a relatively high level of about 60%. The capital side shows divergence: latest data shows that the US BTC spot ETF had a net outflow of 3,209 BTC in one day, about 258 million USD; Bitfinex data shows that large holders have cumulatively increased their holdings by about 60,000 BTC since late August, mainly buying in the range of 80,000 to 86,000 USD. Meanwhile, US CPI and PPI have consecutively exceeded expectations, fueling rate hike expectations and continuing to suppress risk assets. The capital support near 80,000 USD has become a key market focus. #ETF与巨鲸资金分化，BTC能否守住8万美元？ Good morning, the market is changing rapidly, and I stand at the crest of the wave, watching this long position deadlock with a cold eye.
Dare to say, across the entire market, very few have ignored the rebound from $ETH 2707 high and firmly held short positions down to 2412.
This round of decline is just the beginning.
I warned earlier that the long crowd was fully crowded. ETH has been dropping from 2492, moving averages turning down comprehensively, with almost no effective resistance. The previous bull trap rally lured a large amount of bottom-fishing capital, all of which became stepping stones for the main force.
Looking at the data is more intuitive: longs account for 67.06%, shorts only 32.94%, long-short ratio 2.04. Retail investors are clustered in the 2430-2490 range bottom-fishing; the manipulator won’t easily pump the price to help them break even.
Entrepreneurship failed, burdened with millions in debt, leading to the market’s core truth: never stand on the side of the majority; the crowd’s direction is often wrong.
Current short position profits exceed 109%, the market numbers fluctuate, but my heart is very calm.
This is not luck, but a trading mindset honed through enduring losses.
⚠️ Personal trade review only, not investment advice, contract trading carries very high risk
#SpaceX上市后首份完整季度财报将揭晓 表面全是高倍盈利单，底下却是另一套节奏。 你看到的是赚麻了，还是只看到了被放大的那一面？ 翻完"十一主席"被泄露的平仓记录，我第一反应不是羡慕，是有点想笑。三笔单子摆在一起，特别像一个人同时踩中了风口和地雷。ETH 空单50倍，均价2369.43进、2356出，峰值2000 ETH，落袋约24657U，收益率26.01%，05/06到05/07，节奏卡得很准。BTC 空单同样50倍，79426进、78881.4出，峰值74.8581 BTC，到手约37927U，收益率31.80%，是这轮真正的利润核心。可中间那笔ZEC空单，10倍分批，417.73进、425.24出，峰值2800 ZEC，亏了约21673U，收益率-18.52%，05/04到05/05，方向判断直接被打脸。 所以这不是"神操作"的故事，是波动阶段里，胜率和盈亏比被杠杆彻底扭曲的样子。 我比较在意的是节奏。ETH和BTC两笔都发生在快速下探的窗口，说明那几天市场对风险的定价是偏恐慌的，空头只要敢重仓，就能吃到情绪最浓的一段。但ZEC那笔亏在同一个阶段，提醒我一件很容易被忽略的事：山寨的承接深度和主流币完全不是一个量级，同Bitcoin slipped after the US inflation data, while futures open interest rose over the past 24 hours. Longs are still paying shorts. $BTC CME futures have more shorts, but that doesn't mean bearish
CFTC data shows that leveraged funds hold more short contracts on CME Bitcoin futures. However, this does not necessarily indicate institutional bearishness; many shorts are used for basis trades to hedge spot or ETF positions. Retail investors may panic seeing "institutions shorting heavily," but institutional risk control structures are completely different from retail. When looking at position data, it should be combined with spot, ETF, and options data. #SpaceX上市后首份完整季度财报将揭晓 #奈飞增长或放缓，广告业务成新看点 $SNDK I entered this trade again 😂 Last time I bought in at 1419.1 and fully exited at 1504.6, but the market then reversed and gave me an even lower entry point. This time I re-entered at 1341.1, and unexpectedly after last night's PPI data release, the price once dropped close to 1270 during the session. Honestly, that falling feeling really sent chills down my spine. But after the drop, the price was forcibly pulled back, and now it's back near 1400. My unrealized profit on the position has already exceeded $60. Regarding the news about Changxin, I previously thought the market reaction was overly pessimistic—after all, DRAM and NAND cannot be directly compared, as their supply-demand structures and pricing logic are fundamentally different. But this collective sell-off in the memory sector sends a more worrisome signal: capital is starting to worry that the entire industry's profit cycle has peaked, rather than just reacting to news about a single company. This is where I think the market might be underestimating. Individual stock negatives are being amplified into a sector narrative, and emotion-driven selling often happens faster and deeper than fundamental deterioration. And $SNDK being quickly pulled back from around 1270 to 1400 shows there is buying support at the low level; the bears have not formed sustained pressure. The key observation point now is just one: can 1400 hold? If it can hold, this round of panic selling looks more like a liquidity cleanse rather than a trend reversal; if it repeatedly fails to hold, then sector-level profit cycle concerns may just be starting to be priced in. This unrealized profit of over $60 did not come easily, and I don't want to watch it be lost right before my eyes PPI exploded, yet $BTC stubbornly reclaimed 80,000! Has the selling pressure really been exhausted early?🤔
Last night’s PPI data came out: year-on-year 6.3%, month-on-month 1.3%, energy surged 10.8%, and services didn’t slack off either. According to the script, US Treasuries should have surged, and BTC should have dropped. So what happened? Treasuries didn’t continue rising, BTC dipped to 79,775 then reversed to reclaim 80,000, now bouncing around 82,294.📈
This isn’t PPI turning bullish, but rather the selling pressure was digested early. CPI plunge, leverage liquidation, pre-data risk-off reduction—all the exits have been taken. After the data release, no new sell orders appeared; short sellers taking profits actually turned into buying pressure.😅
But don’t rush to call a reversal. 82,643 is the 24-hour high and the confirmation line for this recovery. Only a volume-backed breakout and a pullback holding above 82,000 qualifies for a target of 83,500–84,000; if it fails and falls back below 81,800, this move is just a position repair after a sharp drop.⚠️
If 79,775 breaks again, watch out for support between 79,000–78,000.🧯
In short: shorts have made their move, bulls haven’t taken control yet. Wait for confirmation, don’t get ahead of yourself. #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？ #SpaceX上市后首份完整季度财报将揭晓 Tesla is set to release its full financial results for Q3 2026 on October 21.
The profit side is even more concerning. Referencing Q2 data: revenue reached $28.2 billion (up 25.5% year-over-year), but operating profit was only $398 million, with operating margin plummeting to 1.4%; free cash flow was negative about $1.1 billion, and capital expenditures reached $5.8 billion. Full-year Capex is expected to exceed $25 billion, mainly for Robotaxi, Optimus, and AI infrastructure. Market consensus for Q3 revenue is about $27.8-28.0 billion (roughly flat or slightly down year-over-year), with adjusted EPS of $0.43-0.45 (down more than 10% year-over-year).
On valuation, the current market cap is about $1.4 trillion, with a trailing P/E ratio exceeding 300, fully pricing in optimistic scenarios of Robotaxi full commercialization and large-scale deployment of Optimus. However, Robotaxi is currently operating only on a small scale in limited cities like Austin, FSD without supervision is progressing slowly, and Optimus has no large-scale sales yet. Historical experience shows related timelines have been repeatedly delayed. If Q3 guidance fails to provide a clear path to profitability or commercialization milestones, or if gross margins continue to be under pressure, the downside risk to the stock price is significant. In contrast, competitors like BYD show more resilience in balancing volume and profit, and the global EV market landscape is no longer favorable to Tesla
#特斯拉交付超预期后盈利修复成焦点 $BTC Don't simply interpret CPI data as positive news
Some think that with high inflation, Bitcoin as a "scarce asset" should rise. But recently, the market reacted quite the opposite: after inflation data exceeded expectations, BTC initially fell. The reason is simple: high inflation may lead the Federal Reserve to tighten more, resulting in higher interest rates, a stronger dollar, and more pressure on risk assets. So when looking at CPI, you can't just focus on inflation itself; you have to see how it changes interest rate expectations. #SpaceX上市后首份完整季度财报将揭晓 #奈飞增长或放缓，广告业务成新看点 #Netflix growth may slow, advertising business becomes new focus Order Book Strength Ranking
5-minute median slippage, estimated by order book
After amplifying orders for the three coins, slippage for both buying and selling increased significantly, with $BERA showing the highest simulated slippage at the 100,000 scale.
$BERA simulated slippage for 10,000 scale buy/sell is 0.12%/0.14%, and for 100,000 scale is 0.99%/0.85%. After order amplification, slippage on both sides rises, with a clear premium on large orders.
$BASED simulated slippage for 10,000 scale buy/sell is 0.12%/0.11%, and for 100,000 scale is 0.63%/0.66%. This is a cost table, not a directional indicator; simultaneous increase in buy and sell costs indicates overall shallow depth.
$TIA simulated slippage for 10,000 scale buy/sell is 0.06%/0.06%, and for 100,000 scale is 0.31%/0.27%. Do not linearly extrapolate ten-thousand-level slippage to hundred-thousand-level; read the level according to actual order size.$BTC Bitcoin now resembles a risk asset more
Many still understand Bitcoin as "digital gold," but the recent market trend looks more like a high-beta risk asset. When inflation data heats up and interest rate expectations rise, BTC comes under pressure; when the stock market rebounds, it recovers accordingly. This indicates that short-term pricing power is not in the "anti-inflation narrative" but in liquidity, interest rates, and ETF capital flows. When trading, rely less on faith and more on a macro perspective. #SpaceX上市后首份完整季度财报将揭晓 #奈飞增长或放缓，广告业务成新看点 $BTC The Federal Reserve is actually the biggest "invisible dealer" of BTC
What the market cares about most now is not some positive news, but how the Federal Reserve will act next. The US September CPI rose 3.7% year-on-year, core CPI 2.6% year-on-year, with inflation stickier than expected. This makes interest rate expectations sensitive again. As long as the market thinks the Federal Reserve may maintain high interest rates for longer, or even possibly raise rates by the end of the year, risk assets will come under pressure. #SpaceX上市后首份完整季度财报将揭晓 #奈飞增长或放缓，广告业务成新看点 😂 Besides CPI, the US September PPI also exploded! Inflation surged 6.3%, far exceeding the 5.4% expectation. Can the "soft landing" narrative still continue?
Let's look at the data first. The final demand PPI in September jumped 1.3% month-over-month, far exceeding the expected 0.5%, marking the largest single-month increase since March 2022. Year-over-year, it soared to 6.3%, also the highest since December 2022, well above the 5.4% expectation.
Energy prices are the absolute main driver, with overall commodity prices rising 2.6%, the largest monthly increase on record. Among them, energy surged 10.8%, and gasoline skyrocketed 20.3% in a single month.
Core PPI was also active: excluding food, energy, and trade services, it rose 0.5% month-over-month and 5% year-over-year; excluding food and energy, the monthly increase was 0.7%, all higher than expected.
But the strange thing is the market's reaction: it actually didn't crash.
The S&P 500 closed up 0.33%, and the Nasdaq also closed up 0.08%. Why?
Because the day before, CPI had already washed out the panic trades, and the market has become numb to "bad inflation news." Although the indexes didn't fall, funds are moving from AI and chip stocks to value stocks and small caps, risk aversion is rising, and the strong Bitcoin is also seeing a rebound.
But there's no need to worry too much, because the inflation problem is not permanent. As long as Trump Taco happens once and the US-Iran situation eases, oil prices and inflation will quickly fall. Let's be patient; the reversal will come!According to the latest data from the CME FedWatch Tool, traders are now betting that the probability of the October meeting maintaining the current interest rate has surged to 83%, up from 72% before the report was released. Correspondingly, the market's expectation for further rate hikes has shrunk directly from 28% to 17%.
The signs of weakness or slowdown in the labor market have effectively put a constraint on the Fed's tough stance of continuing to tighten monetary policy. For traders, even if the rate cut has not yet materialized, as long as "no more rate hikes" becomes a consensus with a very high probability in the market, macro funds' marginal risk appetite for risk assets will begin to recover.
There is a very subtle expectation gap here. Many people see the sharp increase in the probability of a pause in rate hikes and their first reaction is often bullish. But what needs to be warned is whether the Fed chooses to press the pause button because inflation has been fundamentally controlled, or because the labor market and even the real economy have been dragged to a critical point by high interest rates.
Trading cannot rely solely on the increase of a single probability; it is more important to see what drives the probability behind it. While rate cut expectations can bring short-term relief to liquidity, the macro environment is still in a tug-of-war phase at the end of the high interest rate cycle. At this stage, the market is most sensitive not to whether the Fed speaks, but to which institution will be the first to break under the high borrowing costs and experience a liquidity crunch. Maintaining sensitivity to liquidity indicators is far more valuable for survival than a one-sided bullish view.
#美国CPI与PPI双超预期，年内能否再加息？ One new addition to the watchlist: ARB
$ARB deserves a bit more priority this time. It rose about 5.4% in 24 hours and maintained roughly a 4.9% gain over the week, with both timeframes trending upward.
If you still filter by "Layer 2 tokens are all similar," you might miss this change.
Sector impressions update slowly, but prices give new answers every day. I'm willing to first acknowledge its current performance and then observe how long the advantage lasts.
It's especially worth watching how it reacts when the market pulls back: if the gains hold, that adds more weight to the score; if it quickly retreats fully, then adjust the evaluation accordingly. Judgments can be revised; there's no need to cling to old impressions.
$INJ rose about 16% in 24 hours and has gained over 60% in the past month. Market expectations for it may rise next.
I will start paying attention to its response to new developments.
If good news continues but the price becomes harder to push higher, consider whether existing expectations are too high. The price reaction to positive news can also help judge how much of the expectation has been fulfilled.
$AAVE fell about 8% over the week, but price alone can't determine if the lending business has worsened.
It's more worthwhile to review borrowing demand, fee income, and bad debt changes.
If the business remains stable, the price drop can be further studied; if the business is weakening, a cheaper price might not be more attractive. Verify operational changes first to understand how to interpret this pullback.Recently there's an interesting divergence: crude oil has been strengthening steadily due to tensions in the Middle East, while the crypto market just went through a big drop and is now slowly healing. Can BTC hold up this rebound? Let's break it down.
First, crude oil. Transport risks around the Strait of Hormuz are rising, plus US crude inventories dropped by 8.6 million barrels last week, tightening supply suddenly and naturally supporting oil prices. But on the flip side, prices driven up by geopolitical conflict include a lot of emotional premium. Once the situation eases, that premium could quickly unwind, so chasing oil highs carries risks too.
Now BTC. After breaking below 80,000 a couple of days ago, it was pulled back by buyers, showing there are indeed people willing to buy at this level. But don’t get too excited yet—CPI and PPI have both exceeded expectations, and the inflation gray rhino is still looming. The Fed’s policy stance can shake the entire risk asset market at any time. Around 80,000 is a battleground for bulls and bears, and 83,000 is the hurdle for the rebound. Until there’s a volume-backed breakout, anyone claiming a reversal is just fooling themselves.
ETH is even weaker than BTC. 2,400 is a key level—holding it keeps the hope alive; 2,500 is the dividing line between strength and weakness. Plus, ETH spot ETFs have been seeing outflows recently, so whether the rebound has staying power remains to be seen over the next few days.
#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？ $BTC #SpaceX上市后首份完整季度财报将揭晓 #奈飞增长或放缓，广告业务成新看点 At June’s low, only 2% of days in Bitcoin’s entire history had seen more long-term holders underwater.
But apparently that wasn’t the cycle bottom.Hello brothers and sisters, I am a PhD.
ETH has been sideways at the 2444 price level for two whole days, neither up nor down, looks like it’s about to choose a direction.
But when I checked the on-chain data, I noticed an interesting detail: a batch of old addresses from 2017 have recently started moving. These people’s entry cost was only $14, and now ETH is over 2400, a 170x increase. After holding for nine years, they have recently started transferring coins to exchanges in bulk.
To be honest, if it were me, I’d run too. A 170x profit over nine years, who can resist the urge to cash out? It’s not that their faith is shaken, it’s just time to take profits.
Retail investors think 2400 is cheap because it’s down from 2800. But compared to their $14 cost, this price is still sky-high. Old addresses transferring to exchanges are not being philanthropists giving you chips.
The market is straightforward: it bounced from 2322 to 2448 and then lost momentum, with volume shrinking day by day. The 2480 to 2500 range above is all trapped positions waiting to break even and run.
The contract side is even more intense, with 43.8 billion in open contracts piled up. Once it breaks below 2316, about 1 billion USD worth of long positions will be liquidated in a chain reaction, which is the fuel for pushing prices down.
#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？ #SpaceX上市后首份完整季度财报将揭晓 $BTC $ETH $ZEC #特斯拉交付超预期后盈利修复成焦点 The market will not pay for dreamsStablecoin transfers are fast, but that doesn't mean the issuing company makes money.
A cross-border payment can arrive in minutes using stablecoins.
Traditional wire transfers take days and have high fees.
How the money comes in:
The issuer uses the USD deposited by users to buy short-term U.S. Treasury bonds.
The interest goes to them; users only receive a coin.
How this number is calculated:
The larger the circulation of $USDC, the more interest it earns.
Whether retail investors use it directly determines the size of this business.
Currently, most users are institutions.
When it truly reaches ordinary people, the scale will be different.
Whether the stock price rises depends on the coin's circulation volume.
Not on how fast transfers are.
#渣打开放BTC与ETH交易，银行加密业务扩展
#$USDC #NetflixQ3AdsAndMargins The attached community opinion highlights a crucial point; that Netflix's profitability now mainly depends on the growth of the ad-supported tier, ad space fill rates, and CPM trends, not just subscriber count increases.The smallest cohort (orange) on FireCharts Binned CVD continues to TWAP. If you think that’s retail getting rekt, it’s not. This isn’t a sneaky whale trying to hide intentions - this is a tactical move in a thin order book likely executed by an institutional TWAP bot. By switching the live FireCharts to Absolute CVD we can see that Orange has purchased ~$12M worth of BTC in $100 - $1000 sized orders over the last 12 hours while managing to keep price in a < 1.5% range. The larger order classes c#奈飞增长或放缓，广告业务成新看点 Revenue forecast for 2026 narrowed to $51.0–51.4 billion, a year-on-year increase of about 13%–14%. This is already below the previously higher growth rate levels and also below the average growth rate of past years.Netflix Layoffs Before Earnings: Exceeding Expectations? Don't Rush to Believe It
Netflix initiated major layoffs on the eve of its earnings report, a move that conveys more information than the report itself. Layoffs are usually aimed at cutting costs and protecting the profit statement. If growth were strong enough and advertising robust, why cut staff first? So, the "exceeding expectations" outlook is not optimistic.
✅ Layoffs are a financial defense, not a growth signal
✅ Advertising business is a new highlight, but its contribution remains to be verified
✅ If it truly exceeded expectations, layoffs wouldn't be necessary first
Layoffs can optimize short-term data but cannot hide the anxiety over slowing growth. The advertising business is highly anticipated, but whether it can support the valuation depends on actual revenue and guidance. Profits can be adjusted, but user growth and ad revenue cannot be faked.
The focus of this earnings report is not how much was earned, but whether growth has stalled and if advertising has picked up. Laying off staff before reporting good news is inherently contradictory.
#奈飞增长或放缓，广告业务成新看点 #SpaceXQ3Earnings On October 13, the stock closed down 4.21%, falling from 171.09 on October 5 to about 157. $SPACE This decline is not due to fundamentals: on Tuesday this week, the FAA approved the environmental impact assessment request that raised the annual launch cap for the Starship base from 25 to 456, and annual landings to 912; Falcon 9 completed its 35th commercial resupply mission to the International Space Station on Tuesday; and Morgan Stanley confirmed a price target of 300, saying it is "cheap and getting cheaper." What is pressuring the stock price is the financial sideDoes Cathie Wood say Bitcoin at 1 million is "conservative"? Full breakdown of the real target prices
There is a saying in the circle: the million dollars mentioned by Cathie Wood is not even the most optimistic target. Many people are misled by the headline, thinking 1 million is the floor price. We break down ARK's complete set of three 2030 scenario models.
Pessimistic scenario: $300,000. Weak institutional allocation willingness, Bitcoin only captures a small share of the gold market, considered the baseline deduction.
Base scenario: $710,000. This is ARK's official neutral expectation. Under the environment of steady ETF inflows and gradual institutional allocation, this price is highly likely to be reached.
Bullish optimistic scenario: $1,500,000. Large-scale deployment of Bitcoin by enterprises, pensions, and even sovereign funds, with Bitcoin deeply replacing gold reserves, will trigger this high price.
The market simplifies the narrative when spreading, packaging 1 million as a conservative price. Essentially, 1 million is between the base and optimistic scenarios and is not the model's floor price. The entire forecast is based on strict premises: global regulatory friendliness, long-term US dollar depreciation, and stable operation of the Bitcoin network.
Once liquidity tightens and regulations restrict institutional entry, the entire valuation logic fails. The institutional model is only a scenario assumption, not a guaranteed return at maturity. Don't be brainwashed by sky-high narratives; view long-term forecasts rationally, strictly control positions, and beware of huge volatility.On Tesla's earnings night of October 21, the focus is not on "how many were sold," but on "how much was earned" 💰.
Q3 deliveries reached 486,500 vehicles, exceeding expectations but still down 2.1% year-over-year. So don't be misled by the delivery numbers; whether the automotive gross margin can recover and whether operating cash flow improves are the core factors for pricing 📊.
Robotaxi and Optimus represent the "dream premium" in the valuation 🚕🤖. If the earnings report provides a clear commercialization timeline, the market may be willing to pay; if it remains at the conceptual stage, relying solely on car sales will hardly sustain the current market value.
For BTC, this is an indirect variable. Tesla reflects electric vehicles + AI hardware; if gross margins recover and AI business advances, tech risk appetite may improve, and BTC could benefit in tandem; if profits decelerate, tech stocks will be pressured, and BTC will struggle to stand alone.
In the short term, BTC still watches CPI and tonight's market. If CPI exceeds expectations, rate hike concerns won't dissipate, and resistance near 82,000 remains. Tesla's earnings come next week, so don't bet heavily in advance.
Strategy: wait for data, observe reactions, then act. Light positions or watching now is steadier than betting on direction 🧘♂️.#特斯拉交付超预期后盈利修复成焦点 The 80,000 level repeatedly faces pressure, and the market is not without buyers
Currently, the mainstream market sentiment leans toward pessimism, with prices continuously pressured around 80,000, ETF funds persistently flowing out, and increased retail selling. Many believe the downtrend is already established. However, an easily overlooked point is that whales absorbed 15,000 units within 72 hours.
The current price is between the market average of 78,000 and the ETF average cost of 81,500, with institutional positions also in a floating loss state. Repeatedly touching this cost range indicates that the battleground between bulls and bears is concentrated here; whichever side runs out of chips will lose the initiative.
The key to judging whether this pessimistic narrative holds is not the short-term rebound but the moment ETF funds shift from outflow to inflow. The market is like a tug-of-war, with victory hidden in the alternating transfer of chips.
$BTC $ETH $SOL #SpaceXQ3Earnings $SPCX holders are not ready for what’s coming next.
SpaceX dropped from $228 to a harsh sell-off.
And I believe the worst part is still ahead.
Everyone wants to find the bottom. I’m waiting for December.
Look at the potential supply that will enter the market:
August 11 → 25% unlocked
September 25 → 46% of trading unlocked
October 25 → 60% of trading unlocked
November 9 → another 28% scheduled to unlock
If this supply hits the market, I expect another wave of selling pressure.
**Here is my roadmap:**
$228 euphoria → denial → December surrender → February recovery → $300+
I believe the opportunities💰 #BTC sellers capitulated again yesterday.
Every burst of loss selling came right at a local bottom: early August, mid-August and mid-September.
Profit taking has slowed since the September high.
If the pattern holds, yesterday's selling just above $80k would mark the floor.A visual comparison of the magnitude of BTC’s decline in the current and past bear cycles.
This time, the decline is milder and slightly shorter in duration.
The reason, by and large, lies with institutional investors, who have been buying up BTC and have been less willing to part with it than the “whales” were in past cycles.#Observation of Liquidity Trap Risk under Macro Data
At 20:30 Beijing time, the PPI data will test the market's liquidity trap risk. A liquidity trap refers to a situation where the market seems to have trading space, but when macro negative factors are released intensively, the on-site supporting funds quickly dry up, making it difficult to exit positions. This time, the CPI recorded 3.7%, higher than the expected 3.6%, and the core CPI month-on-month at 0.3% also exceeded expectations, showing inflation resilience. US Treasury yields rose, and rate hike expectations climbed to 43.7%. Ethereum, with its tech asset attributes, faces valuation pressure in a high interest rate environment. If PPI continues to rise, the downside elasticity will be greater.
Such risks are triggered when multiple negative factors resonate; do not simply assume that the release of CPI data means all negative factors have been exhausted. There are still officials' speeches ahead, which may cause additional disturbances. We do not need to predict the data outcome but prioritize preparedness. If data weakens, cautiously look for low-risk participation windows; if inflation remains persistently strong, maintain an empty position and prioritize capital protection.
Continuously monitor the market's supporting strength, with today's focus on BTC's key support levels.
$BTC $ETH $SOL #Netflix growth may slow, advertising business becomes new focus #美债短端供给或增万亿美元 In the early hours of October 17, 2026, after the U.S. stock market closed, the market presented a clear picture of "tech stocks collapsing, safe-haven assets strengthening." The dovish signals from Federal Reserve Chair Wash failed to rescue the AI sector's decline, with massive capital outflows from high-risk tech stocks flowing into U.S. Treasuries, gold, and other assets, while crude oil remained strong due to supply concerns.
U.S. Stocks: Tech Stocks Suffer a "Davis Double Whammy," Nasdaq Plunges Over 2%
All three major indices fell across the board. The Nasdaq Composite Index plunged 2.14%, closing at 26,140.03 points, leading the decline; the S&P 500 Index dropped 1.09% to 7,659.44 points, and the Dow Jones Industrial Average was relatively resilient, down only 0.34% to 52,002.41 points.
The market's core conflict centered on the AI sector. The Philadelphia Semiconductor Index fell for the seventh consecutive trading day, with AI infrastructure stocks like CoreWeave and Oracle heavily sold off. Capital flows clearly revealed the direction of this "great exodus": investors are shifting from chasing AI growth to embracing defensive sectors with stable cash flow and reasonable valuations, with inflows into healthcare, consumer, and some energy stocks. Wash's dovish signals failed to boost tech stocks, indicating that the market is currently dominated by deep doubts about AI capital expenditure returns rather than simple interest rate expectations.
U.S. Dollar: Dovish Signals Combined with Safe-Haven Attribute Failure, Dollar Posts Worst Weekly Performance in Over a Month
The U.S. Dollar Index fell 0.21% that day, closing at 101.837, weakening against most G-10 currencies. The dollar fell about 0.2% for the week, poised to record its first weekly decline in over a month.
The dollar's weakness has two reasons. The direct trigger was Wash's dovish speech failing to boost the dollar, increasing market bets on the Fed pausing rate hikes. The Bloomberg Dollar Spot Index fell 0.4% on Friday, marking its worst weekly performance since September 4. A deeper reason is that when the market sought safe havens amid AI credit concerns, funds flowed into U.S. Treasuries rather than dollar cash, causing the dollar's "safe-haven attribute" to fracture in this specific context. #创作者激励
U.S. Treasuries: Yield Curve Steepens, Long End Sold Off
A notable structural change appeared in the U.S. Treasury market. The 10-year Treasury yield rose 2.94 basis points to 5.0728% on Friday, while the 2-year yield fell 2.99 basis points to 4.7083%. The short end declined and the long end rose, steepening the yield curve.
The short-end decline reflects the market's cooling rate hike expectations after Wash's dovish remarks; the long-end rise reflects investors' ongoing concerns about inflation stickiness and fiscal deficits. Although the 10-year yield fell 16.51 basis points for the week, Friday's rebound and curve steepening suggest the market does not fully believe inflation pressures have eased. Jefferies' view is representative: with the 5-year Treasury yield rising to 5%, it has become strongly attractive to long-term investors.
Gold: Safe-Haven Demand Drives Price Back Above $4180
COMEX gold futures closed up 0.4% at $4186.7 per ounce. Gold was initially suppressed this week, briefly falling below $4100 to a one-week low, but quickly recovered that level.
Gold $XAU is supported by three overlapping logics. First, the weaker dollar and falling Treasury yields reduce the opportunity cost of holding non-yielding assets; second, the safe-haven demand driven by AI asset volatility pushes funds from tech stocks to precious metals; third, CITIC Securities believes the gold price floor may rise further, with the gold sector expected to lead performance. Against the backdrop of tech stock collapse, gold's value as a traditional safe-haven asset is reactivated.
Crude Oil $CL: Supply Anxiety Overwhelms Everything, WTI Returns Above $100
WTI crude futures settled at $101.41 per barrel, up 3.51%; Brent crude closed at $109.86 per barrel, up 3.72%. Oil maintained a strong trend this week, likely marking a third consecutive weekly gain.
The strength in oil prices is completely decoupled from stock and bond market logic; supply risk premium is the sole main theme. The Saudi attack, worsening shipping security in the Strait of Hormuz, and tense U.S.-Iran relations have overwhelmed demand concerns. A sharp drop in U.S. crude inventories further strengthened WTI's trend. However, Russian diesel supply recovery and potential strategic reserve releases limit Brent's further breakout. Goldman Sachs noted global oil freight rates have surged to $30 per barrel, with the Middle East shipping crisis intensifying regional oil price divergence.
The core narrative of this night’s market is the "retreat of AI faith." Wash's dovish signals should have favored risk assets, but capital chose the opposite—tech stocks were heavily sold, U.S. Treasuries and gold were bought, and oil independently strengthened based on supply logic. The dollar weakened under the dual pressure of dovish expectations and safe-haven attribute failure. When the market begins to question AI capital expenditure returns and inflation stickiness prevents the Fed from turning sharply dovish, capital can only seek refuge in defensive assets. Before the October 28 FOMC meeting, this "tech stock pressure, safe-haven asset benefit" divergence pattern is likely to continue. $xSOXL #沙特阿美总部遇袭，原油供应受关注 1秒内破百，Roadster把"车"这个词改写了。可这跟币圈有什么关系？ 我盯着这条新闻看了很久，第一反应不是车，是仓位。0到100低于1秒，极速超过370公里，还搬出了SpaceX的推进系统，量产却要等到2028年。这个时间差，才是市场真正开始定价的地方。 先摆事实。二代Roadster在发布会上秀了性能，也秀了野心，从电池、电驱到火箭推进技术，马斯克又一次把工业边界往外推。但演示不等于合规上路，原型不等于量产落地。2017年第一次亮相到现在，这台车已经让市场等了太久。 那加密市场在交易什么？不是这台车本身，是马斯克叙事机器的重启。$TSLA 的想象空间一旦被重新点燃，风险偏好会先动，然后才轮到资金偏好。我自己的观察是，这种时刻BTC和ETH通常不会第一时间反应，真正敏感的是那些跟马斯克概念、AI、硬科技沾边的山寨板块，它们的情绪弹性更大，也更容易被短线资金借题发挥。 偏多的路径很清楚：如果Roadster重新把"马斯克溢价"拉回台面，科技叙事的温度会传导到风险资产，加密作为高beta品种，情绪面会先受益。偏空的风险同样明显：2028年才量产，中间隔着无数次跳票可能，预期一旦被提前打Bitcoin has a risk that doesn’t come from the blockchain.
MSCI is reviewing Strategy for possible index exclusion, with a final list due Nov. 11. The potential impact is on passive demand for MSTR shares—not proof that the company will sell BTC.
Could index rules reshape the corporate Bitcoin trade?DOGE Capital Outflow: Resonance of Two Withdrawal Paths
Dogecoin is undergoing a "dual-line withdrawal" of funds.
From October 7 to 8, the leveraged market reacted first: $16 million long positions were forcibly liquidated. Meanwhile, in the previous four days, the spot market quietly saw an outflow of $55 million. These two forces follow different paths—one is passive forced liquidation, the other is active selling—but their direction is consistent.
Looking at the amounts alone, $55 million is not conspicuous within DOGE's daily trading volume of 500 million to 1 billion, and the depth is sufficient to absorb it. What is truly concerning is the "synchronization": as leveraged funds exit, spot holders have also been reducing exposure for four consecutive days. Forced liquidations can happen instantly, but spot outflows require repeated decisions by holders. Continuous selling over four days indicates this is not short-term hedging but an active adjustment of position structure.
Next, observe two dimensions: whether spot outflows narrow and whether liquidation scale declines. If outflows persist and trading volume shrinks, any rebound will lack support; if outflows slow, it is more likely a position rebalancing rather than a trend reversal.
Capital withdrawal is never a single-point signal but a confirmation of the path.
$DOGE
#美国CPI与PPI双超预期，年内能否再加息？ 🔴 Early Saturday morning: one red, one crash, one breakdown, some rejoice while others grieve
$INJ was still surging last night, and even though the market pulled back today, it managed to stay in the green, making it the most resilient in this wave of corrections. The derivatives sector has seen real capital activity these past two days, not just a one-day wonder. While others have given back yesterday's gains, it dipped but held its ground. Currently hovering above 8, if it holds above the previous high, there’s room to run. If it softens, watch for support around 8.5. Strong coins aren’t afraid of small dips, but fear volume-driven breakdowns. Its pattern remains healthy; don’t chase after it’s run-up, wait for a pullback confirmation.
$STRK was the only one dropping while the market was all green yesterday, and tonight it crashed hard, breaking even the recent rebound lows from a few days ago, wiping out three days of recovery. Those who chased the highs are now nearly halved. This is the flip side of high volatility: it doubles on the way up but falls sharply too. Its long-term story remains intact, with the monthly chart still showing a big gain, but the short-term trend is broken, with no solid support near 0.07. For coins with such sharp drops, don’t just reach out because it looks cheap; wait for the downtrend to stop and volume to shrink before considering. Catching a falling knife now is risky.
$HYPE held the 80 level for several days but failed to hold tonight, dragging down even the most stable platform coin. It has the strongest cash flow, buying back circulating supply at lows, unlike pure sentiment coins, but even the strongest can’t withstand a broad market sell-off; support turns into resistance. This time it’s being dragged down by the market, not due to fundamentals. The next key round number to watch is 76. Don’t rush to bottom-fish this coin; wait for the market to stabilize. Its cash flow logic remains intact, and it’s often among the first to recover."Short-term Chip Heating Up, 74,900 Becomes the Key Defense Line"
On-chain data shows that short-term holders currently hold about 4.08 million BTC, reaching a new high since mid-June (๑•̀ㅂ•́)و✧. Since the low point on July 29, this group has added about 422,000 BTC, an increase of about 12%; just in the first two weeks of October, they increased by about 154,000 BTC, and added another 48,000 BTC in the past week. The cost for new buyers mostly falls between $82,000 and $86,000, indicating somewhat heated sentiment.
Currently, the average cost for short-term holders is about $74,900, and the unrealized profit buffer has shrunk from about 16% to about 10%. This means $74,900 is their breakeven line: since August 20, the price has stayed above this level, so on paper they are still in profit (｡･ω･｡). However, the buffer is thinner, and the safety cushion is not as thick as before.
If BTC falls below $74,900, this batch of chips may overall turn to unrealized losses, potentially increasing selling pressure; if it holds, short-term confidence remains. Going forward, $74,900 will be a psychological battleground for bulls and bears, so keep a close eye on it! 📈😮
$BTC $ETH
#美国CPI与PPI双超预期，年内能否再加息？
#ETF与巨鲸资金分化，BTC能否守住8万美元？ #特斯拉交付超预期后盈利修复成焦点 Tesla's global deliveries in Q3 2026 reached 486,500 vehicles, exceeding the market expectation of about 460,000, causing the stock price to surge over 5%. However, the impressive delivery performance has not completely dispelled market doubts, and profit recovery is becoming the new focus.
From the disclosed Q1 data, signs of profit improvement are evident: gross margin rose to 21.1%, a new high in over three years, and adjusted net profit increased by 56% year-on-year. Nevertheless, JPMorgan maintained a neutral rating after the delivery data release, pointing out that weak automotive gross margins combined with aggressive capital expenditures from new businesses like Robotaxi and Optimus may result in an EBIT margin of only 1.3% in 2026, with free cash flow possibly turning from positive to negative.
The delivery exceeding expectations has restored demand confidence, but what the market truly needs to verify is whether the recovery can translate into sustainable profit quality. $TSLA $SPCX Currently holding $TSLA, I have been closely watching Tesla's fundamental changes recently.
Q3 vehicle deliveries reached 486,532 units, exceeding market expectations, but still down about 2.1% year-over-year. I think this data releases an important signal: Tesla's demand remains resilient, but sales growth does not necessarily mean profitability improves in tandem.PPI exploded, what is the market trading?🤔
September PPI hit a new high since December 2022, core PPI exceeded expectations across the board, and energy surged over 10% in a single month. Along with yesterday's CPI, it's two consecutive hot data points. With data exploding like this, officials are still dodging the issue—the market isn't trading inflation, but the Federal Reserve's credibility crisis.💢
$BTC: First broke 80,000, bottomed at 79,800, then sharply V-shaped back above 82,000. Retail investors can't produce such a line. ETF net outflow was 3,209 coins on the day, 5,250 coins over 7 days. Institutions are withdrawing, on-chain whales are taking over. Chips are flowing from fast money to slow money.🐋
$ETH: ETF net outflow was 38,915 coins on the same day, institutions are pulling out, starting with it. Leverage is already low, price holds steady without breaking support, short covering may bring a brief rebound—but ETF is still bleeding, it's too early to talk about a rebound.🩸
$XAUT: Gold is also falling, futures speculative longs are running. But gold ETFs and central banks have been buying at the bottom. The party taking over BTC is on-chain whales, while for gold it's central banks and sovereign funds—the nature and patience of the capital are completely different levels.🏦
PPI exploded, but the sharp V indicates real buying at the low. The three data points just landed, hold your spot in the spot market, don't chase the first candlestick.✅#ETF与巨鲸资金分化，BTC能否守住8万美元？ Gold has been quietly rising these past two days, and Bitcoin has finally caught a breather, while OKB remains stuck at 117
$XAUT 4154, while others are getting hammered, it is recovering 🥇
Both CPI and PPI numbers came in hotter than expected, but gold didn’t fall; instead, it held steady around 4150 and rose 1.7%. When tech stocks get hit, money has to find a place to go, and hard assets get thought of before high-valuation narratives. Meta's massive AI investment has entered the return verification period, and the entire tech sector is being asked "when will the money invested pay off?" Gold, an asset that doesn’t rely on stories, remains stable.
$SOL 105.24, bouncing back from 104 to 105 🔷
The drop from 107 to 104 midweek was scary to watch, but as the market warmed up, it was the first to rebound. Solana has many DeFi and AI applications, with high beta—rising fast and falling fast. 107 was a hurdle it couldn’t clear before, and with this weekend’s low volume, it won’t get past it.
$OKB 117.88, hasn’t returned after breaking 120 🔴
On Friday, it dropped from 124 to 117; platform tokens are too tightly linked to the broader market. The red on CPI night was a short-term shelter from the storm, and once the storm passed, it retreated. Even AI giants like Meta are being questioned about returns, and this round, exchange platform tokens can’t tell a new story either.
This article is for market analysis only and does not constitute investment advice.
#Meta巨额AI投入进入回报检验期 $TIA This 50x short position has a floating profit of 246%. It's rare that I didn't go long on this wave and instead reversed to short. The signals from the market were too obvious.
Let me explain why I dared to open a short at 0.6989. Switching to the 4-hour timeframe, previously it rose from 0.5184 to 0.7233 with a big bullish candle hitting the top, but it didn't hold and closed with a long upper shadow. Although the moving averages are in a bullish alignment (MA5 at 0.6811, MA10 at 0.6313), the volume couldn't keep up. The market gave me the feeling that the "news (Eden EVM) positive effect has been fully priced in, and the price was pumped to unload." I opened a short near 0.6989 (the S point in the chart). At first, I was a bit nervous since the rise was strong before, fearing it might spike again. The profit fluctuated at that time, and I thought to myself, "Don't stubbornly top out again."
As a result, the following 4-hour candles were consecutive bearish, directly dropping to the current 0.6636, a decline of 5.06%. This kind of high-level stagnation plus a long upper shadow traps those waiting for a pullback to go long, but they end up getting squeezed out.
Now the price is at 0.6636, just below MA5 (0.6811), with MA10 at 0.6313 as short-term support below. The 24h volume is 161 million, ranked No.12 in heat, but the volume has fallen off after a high-level surge. The resistance zone between 0.70-0.72 has heavy trapped positions. With 50x leverage, making 246% profit and losing half can happen within one or two spikes. I will most likely take partial profits first and watch if the 0.63 support breaks with the remaining position. $ETH's rebound is just a recovery, not a new bull run! BTC funds haven't arrived 🤔
Don't mistake the rebound for a reversal. This wave looks more like a technical recovery after deleveraging, not the start of a new bull market.
BTC: Spot net outflow of 133 million in 24h, still outflowing 13.7 million in 1h. Buyers at low levels, no chase at high levels. Contracts show a combined outflow of 317 million in 1h+4h, leverage is also withdrawing. There is support at 80,000, but 83,000-84,000 is a previous high and dense chip area; if it can't hold, it will continue to oscillate between 79,000-83,000.
ETH: Don't be fooled by the 375 million net inflow in contracts over 24h. Contracts have turned to outflow in 1h/4h, and spot has a 57.05 million outflow in 24h. This is short covering and long position covering, not new allocation buying. ETH/BTC has no bottom, moving averages are down, the rebound is more of a pullback than a reversal.
Don't get ahead of yourself now. Two confirmation signals: BTC/ETH 1h spot net flow turns positive, and BTC recovers above 83,000. The invalidation signals are simple: BTC falls below 80,000, ETH spot outflow expands.
On the macro side, PPI exceeds expectations, US bond yields are capped, rate cut pricing is delayed, risk asset ceilings are not high.
In short: funds haven't arrived, don't position yet; wait for a pullback to buy, it's more dignified than chasing highs.
#US CPI and PPI both exceed expectations, will there be another rate hike this year? #ETF and whale funds diverge, can BTC hold 80,000? $BTC #闪迪存储业务高增长能否延续？
Core Reasons Behind the Recent Sharp Drop in SanDisk
SanDisk has recently undergone a deep correction, which is not due to a deterioration in the company's fundamentals, but rather caused by a peak cycle expectation + expectation gap weakening + sector sentiment cooling leading to concentrated profit-taking.
First, positive earnings were realized, but guidance was weak. SanDisk's Q4 financial report was explosive, with revenue of $8.97 billion, net profit of $6.9 billion, and a record-high gross margin of 84.6%. However, next quarter's gross margin and revenue guidance slightly declined, falling short of market expectations, leading investors to conclude that the strongest cycle of storage price increases and profit expansion has peaked.
Second, concerns about the industry cycle have intensified. Samsung and SK Hynix have halted large-scale buybacks, combined with expectations of future industry capacity expansion, the market is pre-pricing the risk of supply-demand loosening in 2027-2028, causing the storage sector to collectively devalue.
Third, profit-taking at high levels is concentrated. The storage AI sector has seen huge gains this year, and although the long-term contract guaranteeing $93.9 billion in minimum revenue supports the bottom line, the locked pricing model limits future upside elasticity, leaving funds lacking motivation to continue pushing prices higher.
Fourth, macroeconomic pressure combined with sector cooling. Repeated US inflation and sustained high interest rates put pressure on growth valuations, weakening overall sentiment in the semiconductor storage sector, further amplifying SanDisk's adjustment range.
Overall, this round of decline is a typical cyclical stock market move at the peak of the earnings trading cycle, representing a valuation correction rather than a fundamental collapse.
$SNDK