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Costco and Micron are about to release their earnings reports, and this pairing is particularly interesting: one sells everyday life essentials, the other sells the most scarce memory and bandwidth in the AI era.
Costco can tell us whether ordinary households are still spending, if the average transaction value has been pushed up by inflation, and whether membership renewals can withstand the pressure; Micron will reveal just how strong AI capital expenditures really are, whether the rise in storage prices comes from genuine demand or a cyclical illusion caused by tight supply.
I'm more interested in the language both companies use about the future, not just whether earnings per share beat expectations. If Costco consumers start downgrading but Micron continues to raise AI demand, the market will further split into "old economy under pressure, computing power economy running wild"; if Micron's inventory or gross margin guidance loosens, the most crowded trades in the AI chain will suffer greatly.
The worst thing in earnings season is to only listen to one company telling its own story. Putting the consumer side and the computing power side together is the only way to see where the money is really flowing. These two earnings reports this week are like simultaneously taking the temperature and measuring the heartbeat of the U.S. economy.
#财报观察员：好市多Q4财报即将公布 🚨 The Hormuz suspense remains unresolved, $BTC takes the lead! It broke through $87,000 in one move, reaching a new high since the end of January, with ETFs raking in $433 million in a single day.
On September 19, Rezaei, Secretary of Iran's Supreme National Security Council, told Al Jazeera that Iran has conveyed conditions for starting negotiations to the US through intermediaries such as Qatar and Pakistan. The core conditions include a comprehensive ceasefire on all fronts, unfreezing Iran's frozen assets, and lifting the maritime blockade. Rezaei said they are waiting for a response from Trump.
However, on September 20, Iranian Parliament Speaker Kalibaf responded clearly: "Unless the conditions are met and the US promises to fulfill them, there is absolutely no possibility of reopening the Strait of Hormuz."
Oil prices were the first to price in easing expectations. On September 21, WTI crude oil was priced at $100.3 per barrel, down 1.6%; Brent crude oil was $103.8 per barrel, down 0.9%. The logic chain is clear: Strait navigation resumes → Iranian oil supply released → oil prices decline → inflation expectations cool down.
BTC has already reacted in advance. On September 21, Bitcoin once surged past $87,000, rising 4.22% in 24 hours, hitting a new high since the end of January. ETF funds coordinated simultaneously: on September 18, net inflows reached $433 million in a single day, with Fidelity's FBTC taking $310.7 million and BlackRock's IBIT gaining $108.4 million; no product saw outflows that day. However, the entire week closed with only a slight net positive of about $6.2 million, and net inflows up to September 18 totaled $313.4 million, less than one-tenth of August's $3.539 billion. #$BTC 🚨 $BTC & $ETH — THE PULLBACK TEST IS UNDERWAY 👀 BTC and ETH have both cooled after their recent upside breakout, so I'm treating this phase as a confirmation period rather than chasing the move. I currently have small BTC and ETH short positions open, but the plan is simple: let price action around support decide whether they stay open. 📍 BTC WATCH ZONES $85K → first decision area $83.8K → next downside level $82K → stronger support If BTC loses the $83.8K region and continues lower, I’ll keeCapability list for Coinbase Developer Platform (CDP):
'Stablecoin payments + trading + custody + financing + agentic finance + issuing proprietary assets.'
This is Coinbase's clear move in the 'Coinbase-as-a-Service' direction:
Coinbase is no longer an 'exchange'; it is a financial infrastructure provider, and all businesses can access its stablecoin/custody/issuance capabilities;
agentic finance is the key new term—
meaning Coinbase has integrated AI agents into financial processes as a new direction, and in the future, AI agents will automatically open accounts/trade/hedge on Coinbase.
If your project needs 'compliant payment/custody/asset issuance' capabilities, directly calling CDP's API is more than 10 times cheaper than building your own.
In the next 3-5 years, the crypto company layer will become 'application layer + Coinbase infrastructure layer,' completely bypassing traditional banks.
The future looks promising 🤔#Market heats up again, but private keys should never be stored on your phone
Current OKX Planet hot post reminder: browser vulnerabilities and mnemonic phrase storage methods can cause irreversible losses more easily than a single market dip. Many people focus on BTC and ETH price fluctuations but keep private keys, mnemonic phrases, screenshots, and wallet login environments all on the same phone.
My security bottom line:
Offline backup of mnemonic phrases—do not store them in notes, photo albums, or cloud drives; hot wallets should only hold small amounts needed for exchanges; always check permissions before approving any signature or authorization pop-ups on websites—don’t blindly accept airdrops; use hardware wallets for large assets and test transfers with small amounts first.
You can wait for the next market opportunity if you miss one, but there’s usually no undo button if your private key leaks. "Wallet security" should be part of your trading plan.
$BTC $ETH $SOL First principle of fire scene reconnaissance: blindly attacking inside when thick smoke obscures and temperature drops sharply is equivalent to leaving your life in the collapse zone.
$ETH is currently at 2730.11, with the 1-hour Bollinger Band middle line pressing at 2749.32 forming a strong resistance beam, and RSI stagnating at 51.6, a smoldering equilibrium point. Above, 2783.96 is the critical explosive ceiling, below, 2714.68 is the first load-bearing bottom beam.
The short sellers' residual fire is still spreading; before the smoke is fully cleared, any impulsive long position is like jumping into a blind shaft without a safety rope laid. My strategy is to build a defensive position backed by the refractory limit, placing orders in a defensive stance to intercept.
- Target: $ETH 🔴
- Entry: 2740.00 - 2750.00
- TP1: 2715.00
- TP2: 2680.00
- SL: 2765.00
When the gas cylinder pressure alarm sounds, evacuation is mandatory; 2765.00 is the absolute retreat signal. Once the safe passage is closed, never linger in battle.🧑🚒
#StrategyPlaybookA major player reportedly closed out 38,000 ZEC in short positions in a single move, taking a staggering $35 million+ loss. But digging deeper into the on-chain data revealed an even bigger surprise: this same account was secretly holding around 202,000 ZEC in spot. 👀 Now the speculation is running wild. Some veteran traders are joking that this whale may have been putting on a full-blown show—dumping huge short positions, creating fear and uncertainty, and shaking out weaker hands, while quietYes, it's this transaction. Details just disclosed in the SEC 8-K:
*This purchase:*
950 $BTC bought during the week of September 14-20, spending $75.7M, average price *$79,670*, all bought with existing cash, no MSTR stock sold for financing.
*Current holdings:*
After the increase, holdings reached *846,000 $BTC*, total cost about $63.8 billion, average cost $75,416, about 4% of the total 21M supply.
*Key signals:*
1. *This is the first return after a two-week pause*, ending the gap since the end of August; Saylor previewed with "a little more orange".
2. *Not only buying BTC, but also repurchasing:* In the same week, $174 million was spent to repurchase 1.77 million STRC preferred shares, and $57.4 million was paid in dividends and interest, indicating active capital structure management rather than reckless all-in.
3. *Unrealized gains have returned:* At the current BTC price of $84,925, holdings are valued at about $71.85 billion, unrealized gains about $8.05 billion, so MSTR stock price jumped 8% yesterday to $167.47.
Your statement is very accurate: *"What really matters is not short-term volatility, but long-term holding logic"*. At the peak on June 22, it held 847,363 $BTC; now at 846,000, just 1,400 short of the peak, but it prefers to slowly buy with $1.05 billion cash on hand rather than issuing new shares to dilute, this is accumulation during the pullback This round of altcoin market rally should be nearing its end; the broad-based beta phase has concluded. Going forward, only a very few coins might still have opportunities, but this will test coin selection and trading skills more.
The double bottom pattern of TOTAL3 (the total market cap excluding the top ten coins by market cap, usually regarded as a reference for altcoin market cap) has basically rebounded to the corresponding target level. Many altcoins are already showing clear signs of fatigue on the daily chart.
This broad rally in mid-September, in my opinion, is destined to be unsustainable because it doesn't make logical sense—most are trash, so why should they rise? Even AI worries about bubbles, and these trash coins in the crypto space are bubbles within bubbles. Of course, a few with fundamentals, actual revenue, and buybacks are another matter.
I have basically cleared out my altcoin positions and am preparing to look for opportunities to short. Now, whether it's Bitcoin or Ethereum, don't overreact to all kinds of news
The impact of news on the market has already been priced in by the market in advance, and its effect is getting weaker and weaker
Interest rate hikes are being implemented worldwide, negative news has no reaction
Bills not passing are also negative news
Bitcoin simply can't be pushed down
On the contrary, an SEC-driven innovation exemption pushed Bitcoin from 76,000 to 80,000
On September 18 alone, $433 million flowed in, all 12 ETFs had net inflows, none had net outflows
On September 19, the single-day net inflow was $999 million
Rested and consolidated on the 20th-21st, ETFs didn't trade either
Today, the 22nd, it surged to 87,000 amid crowded buying; I estimate today's net inflow is also not low
The core focus is on one thing: real capital inflow in the market
Sometimes news is used to justify market trends, giving reasons for bulls or bears
When capital truly enters, even if negative news is everywhere, the market can still rally
If capital keeps flowing out, no matter how much positive narrative there is, the rebound is just a bull trap
If there is no black swan event, according to the bull market rhythm, institutions will buy on dips, and good news favorable to crypto will lead to frantic buying of spot ETFs; if the news comes on the weekend, Monday will see even more buying and a sharp rise Summary of the Relationship and Significant Meaning of Stock Tokenization and UNI
1. What is the relationship between the two?
Stock Tokenization: Compliance issuers map real stocks such as US stocks and ETFs into on-chain tokens. These tokens track stock prices and have on-chain tradable attributes; the tokens themselves are minted by third-party institutions (Ondo, Backed, etc.), and UNI does not issue these stock tokens.
UNI (Uniswap) is the underlying infrastructure supporting stock token trading.
It mainly relies on Uniswap v4's Permissioned Pools + Hooks technology:
1. Permissioned Pools embed compliance checks at the contract layer. Before each transaction, the smart contract automatically verifies whether the wallet is on the issuer's whitelist, completing KYC admission, and writes compliance rules on-chain, no longer relying solely on front-end page restrictions.
2. Stock tokens (AAPL, NVDA, etc.) complete automated market making trading within Uniswap liquidity pools. The liquidity providers earn fees, directly increasing Uniswap protocol revenue, benefiting the fundamental value of the UNI token.
3. The SEC's innovative exemption proposal recognizes this permissioned AMM trading model for tokenized securities. The market views this as a major regulatory positive for Uniswap v4 Permissioned Pools, which is one of the core catalysts for the current UNI market rally.
In simple terms: Stock tokenization is the asset; Uniswap is the decentralized exchange infrastructure for trading these assets on-chain; UNI is the governance token of the Uniswap protocol, sharing in the protocol's growth dividends.
2. Significant Meaning
1. For the DeFi industry: bridging the boundary between traditional finance and on-chain assets
Previously, DeFi only traded crypto-native assets (BTC, ETH, various tokens). The landing of stock tokenization on Uniswap means traditional stock assets enter the decentralized automated market-making system, no longer limited to centralized brokers.
Traditional stock markets only trade during the day; tokenized stocks support 7×24-hour uninterrupted on-chain trading and cross-regional asset interoperability, which is a revolution in financial trading models.
2. For Uniswap & UNI: significantly raising the business ceiling
- Business expansion: no longer limited to crypto trading, adding a trillion-level RWA (real-world asset) track, institutional funds and traditional wealth management funds have channels to enter the Uniswap ecosystem, expanding sources of trading fee income.
- Technical barrier: v4 Permissioned Pools + on-chain compliance checks are among the few underlying solutions in DeFi that can support compliant securities assets, forming a differentiated moat and attracting institutional cooperation.
- Narrative upgrade: UNI evolves from a pure crypto DEX governance token to a core infrastructure token connecting traditional securities markets and Web3, with its valuation logic being re-priced.
3. For traditional finance: asset on-chain, upgrading asset liquidity and composability
Tokenized stocks can freely combine with stablecoins, on-chain wealth management, staking, lending, and other DeFi tools. Stock tokens can be used as on-chain collateral and for automatic dividends, which is a financial innovation difficult to achieve with traditional brokerage accounts.
It is not about replacing exchanges or brokers but serving as a complementary on-chain liquidity channel.The cow really came, and this time it wasn't an illusion!
The main Bitcoin surged strongly to 87,300, the second board simultaneously climbed to 2,800, while ZEC bucked the trend and plunged nearly 1.8%, falling to 1,472. On the surface, things were chaotic, but the underlying logic was exceptionally clear.
DaBing's Erbing follows the main theme of "compliant yield generation." Biting is driven by the continuous fundraising from spot ETFs, corporate treasury allocation, and the surge in U.S. Treasury issuance leading to liquidity easing; Erbing, on the other hand, is being aggressively acquired by the narrative of on-chain staking and DeFi yields driven by BlackRock and Fidelity's promotion of staking ETFs, with funds frantically acquiring its "yield-bearing asset" attributes.
ZEC's lagging behind was purely a backlash from profit-taking. It surged 25 times earlier, short-term chips were extremely crowded, and when the market fluctuated, profit-taking poured out all at once.
My judgment: This rally is not sentiment speculation, but rather funds voting to choose assets that are "compliant, yielding, and practical." BTC holds at 86,000, and 2 BTC at 2,700, so short-term stability; ZEC is too volatile, don't rush to bottom-fish, wait for a bottom around 1400.
Strategy: Spot firmly holds onto the second round of BTC, ZEC patiently waits for stabilization. Not chasing highs, the indicator is already overpriced.
$BTC $ETH $ZEC
#BTC冲高 $87,000, the total crypto market cap returns to 3 trillion #Strategy再度增持, and the treasury is increasing its holdings simultaneously Can someone explain, watching a single intraday trade every day, is there really anyone who can easily multiply their capital by forty or fifty times in a year or half a year? What if there are consecutive losses? What about the risk-reward ratio?The biggest fear when buying US stocks on-chain is that small orders get eaten up by fees until nothing is left, and now someone has finally laid out the numbers for comparison.
Sam Schubert, an analyst at Blockworks Research, took the same stock Micron (MU) over the same period and calculated the "total cost" for Backpack and Robinhood Chain — not just the official zero commission, but the real transaction cost including slippage, DEX fees, and on-chain fees. For the sample from 9/3 to 9/16, orders under $100 had about 0.12% cost on Backpack, while Robinhood Chain charged 5.42%, a difference of over forty times. For orders between $100 and $1000, it was 1.6 basis points versus 43.7 basis points, the gap remained huge.
The reason is simple: Robinhood Chain is built on Ethereum Layer 2, so no matter how much you buy, a fixed gas cost is deducted first, which hits small orders the hardest; Solana’s absolute fees are much lower. This is a sample from two ranges, not a guarantee your next order will look like this; intraday depth and on-chain congestion can change the numbers.
If you’re buying US stocks on-chain with small capital, which would you choose?
$MU $HOOD $ICP recently released the Mission70 whitepaper, planning to reduce token inflation by at least 70% by the end of the year, with supply contraction expectations becoming the core driver of this market cycle. Market funds have begun to reassess the project's long-term valuation, and the chart shows a bottoming and rebound structure.
From a technical perspective, after completing bottom consolidation, the price gradually lifts its lows, breaking the oscillation range upwards, with bullish funds continuously entering to support. A 50x perpetual long position was placed at the 2.866 price level, following the catalyst from fundamentals and K-line structure resonance.
The current mark price is 2.965, with a floating profit of 172.71% on the position. The market continues to recover based on news, maintaining a steady upward trend in the short term. The capital game is ongoing, and volume changes on the chart will continue to be monitored. $BTC $ETH #BTC冲高$87000，加密总市值重返3万亿 Coverage: gold, crude oil, AI storage chips, AI industry, crypto market ($BTC/$ETH), including US Treasury yields, the US dollar index, and the probability of Fed rate hikes. I. Core Points 1. The Nasdaq closed at 27,122.09 (+2.26%), closing at its highest level since June; AMD surged 9.95%, with its market value surpassing $1 trillion for the first time, and the Philadelphia Semiconductor Index rose 5.29%—the two major headwinds weighing on US stocks for three weeks (oil prices, 10-year US Treasury yield) turned around simultaneously on Monday. 2. Crude Oil plunged: WTI closed at $95.78 (-4.51%), Brent closed at $100.34 (-3.40%), Brent fell below $100; Trump expressed willingness to meet with the Iranian president, Iran has sent messages to mediators, and the geopolitical premium was diplomatically withdrawn. In other words: oil prices are falling not because of demand, but because of panic. 3. Gold under pressure: Spot gold closed at $4,343.70 (-0.78%), dropping intraday to around 4,322; The US dollar index hit a two-month high at 100.44, with a probability of about a 56% rate hike in October, a double blow. This morning, the Asian session only rebounded slightly to around 4,365. 4. Storage has not cooled: Channel surveys show hyperscale cloud vendors have signed DRAM contracts for Q1 next year at higher prices than Q4, and Samsung is reported to have at least doubled HBM4 production in 2027—buyers are betting with real money that 'supply cuts will continue.' 5. Bitcoin broke through $85,000 intraday, reaching a high of 86,042, a three-month highWhen I first started trading, I always wanted to know the price movement in advance. Later I realized that at the same spot, some see support, some see a bull trap; some say rebound, others say continuation. The most absurd thing is, they could all be right.
Technical analysis is not a crystal ball; it’s more like marking positions where funds are likely to diverge. Previous highs and lows, round numbers, moving averages—why do they work? Because many people watch them, many bet on them, and many set stop losses there.
Experts don’t think in terms of "will it definitely go up or down," but rather: how much will I lose if I’m wrong, and how much will I gain if I’m right. If you’re wrong, get out quickly; if you’re right, hold on. Dare to bet on big opportunities, avoid fussing over small ones.
Surviving longer is always more important than guessing correctly.In the future, every stock will have an "accompanying meme token" on the Chain. The characteristics of this meme token are:
It runs on a Chain with massive distribution (such as Robinhood Chain); its position is determined by real market demand (not liquidity mining), allowing it to gain or lose status.
Behind this: on-chain memes are no longer just "crypto community self-entertainment," but rather "cultural derivatives of stocks";
Robinhood Chain is strong because it has the dual foundation of "stock users + on-chain capabilities."
The memes that will succeed in the future must have "real narrative (real stocks) backing," rather than fabricated animal coins.
Focusing on the on-chain stock token mappings + meme pairing projects on Robinhood Chain will be the source of alpha in the next 12-24 months.From the perspective of trend speculation, key observations can be made:
First observation group: HYPE / ZEC / NEAR
These three have already shown clear capital and trend characteristics, but their nature is completely different:
HYPE → Leading trading infrastructure
ZEC → Privacy narrative + very strong momentum
NEAR → New narrative of cross-chain Intent/liquidity infrastructure
Second observation group: SOL / UNI
Assets that may experience catch-up gains + a second wave of trends.
Third observation group: BTC / ETH
More suitable as the core barometer for judging the entire market cycle.AMD市值突破1万亿美元，芯片股大涨对币圈意味着什么？ AMD首次突破1万亿美元市值，股价创历史新高，英特尔、ARM等芯片股也同步大涨，纳指更是创下历史收盘新高。
这对币圈真正重要的，不是AMD这家公司，而是资金风险偏好的变化。
最近市场正在重新拥抱AI、高成长和科技资产。芯片股集体上涨，本质上说明资金对AI资本开支和未来增长的预期重新升温。
这条逻辑同样会传导到加密市场：
AI预期升温→科技股上涨→风险偏好回升→资金愿意配置高波动资产→BTC率先受益→资金进一步向ETH、SOL以及AI+Crypto板块扩散。
而且现在BTC和美股的联动仍然值得关注。9月21日美股上涨的同时，BTC也一度突破8.6万美元，说明当前BTC依然是全球风险资产情绪的重要受益者。
第二个影响是AI+Crypto叙事重新升温。
如果AI行情从芯片继续向算力、数据、Agent、支付基础设施扩散，那么币圈对应的AI、DePIN、AI Agent、AI支付等板块，都可能出现资金轮动。
但这里有个关键区别：
AMD上涨不等于币圈AI项目就一定上涨。
美股AI有真实盈利、订单和资本开支支撑，而很多AI代币目前更多依赖预期Apple and Google suddenly competing for the same type of talent:
In the future, you might be using cryptocurrency without even knowing it
Everyone is guessing that Apple and Google hiring stablecoin talent means they might be preparing to issue stablecoins. But I think the focus might not be on "issuing coins" at all, but on who wants to capture the next generation of payment entry points.
From the hiring directions, Apple is closer to user entry points like Apple Pay and Apple Cash, while Google Cloud is targeting the underlying infrastructure needed by exchanges, custodians, and financial institutions.
One manages how you spend money, the other manages how money flows in the background.
Of course, hiring doesn’t mean the products are already launched, nor can it directly imply that the two companies will issue their own coins. But at least it shows that stablecoins are evolving from a small tool in the crypto world into payment infrastructure that tech giants cannot ignore.
For the crypto market, the first beneficiaries might not be the cryptocurrency market itself, but stablecoin issuers, payment service providers, and public blockchains that can handle large volumes of low-cost transactions.
If stablecoins are integrated into mobile payments and cloud services in the future, ordinary people might not even need to know what blockchain is, yet they will already be using on-chain settlement.
The real large-scale adoption of crypto might not be everyone starting to trade coins, but that after using it for a while, no one even realizes they are using coins.
#Apple、Google招聘稳定币相关人才，或进军加密支付？ 🚨 SHORTS ARE GETTING SQUEEZED.
$BTC → pushing higher
$ETH → catching momentum
$SOL → following the move
Liquidations can accelerate an upside move when crowded shorts are forced to close.
But here’s the key:
The squeeze is not the confirmation.
If spot buyers keep absorbing supply and volume remains strong, the move has a stronger foundation.
If volume fades and price loses the breakout zone, the squeeze can unwind quickly.
👀 Watch the next retest.
#BTC87KCryptoCap3T #DailyOrbit The short sellers of Dogecoin should now be most worried not about misjudging the direction, but about not surviving long enough to be proven right.
The liquidity above is as thin as a sheet of paper. Sparse sell orders mean it doesn't take much capital for the price to be pushed up a bit. This structure is most dangerous for shorts: your bearish logic might be sound, but the Doge whales don't need a trend reversal; they just need an upward spike to sweep away the dense stop-loss orders near your liquidation point, wiping out your position. After the spike, the price returns to its original path, everything remains the same, except your account is left behind. #BTC冲高$87000，加密总市值重返3万亿 $DOGE $PEPE
I will focus on these key levels
Scenario Focus Area Meaning
Strong Breakout Above $0.00000515 If volume supports a stable hold, it may continue to test higher resistance zones
High-Level Consolidation $0.0000045–0.0000052 Profit-taking digestion after a sharp rise, which is quite normal
Short-Term Pullback Around $0.00000418 Be cautious of a retracement if it breaks below this level
Deeper Pullback $0.0000036–0.0000037 This is the next support area worth watching in recent analysis
The biggest short-term risk is rising too fast. Analysis on September 21 showed PEPE's 4-hour RSI once reached about 82, indicating an obviously overheated zone, so even if the mid-term trend continues upward, a significant pullback could occur first.
Additionally, the recent rise has no clear fundamental catalyst for the PEPE project; it is more driven by meme coin sector capital rotation + speculative sentiment + technical breakout; reports also indicate a high proportion of suspected wash trading volume recently, so this rally should not be simply interpreted as a fundamental reversal.
It is not to be assumed that it will keep surging indefinitely. Especially whether the area around $0.00000515 can be effectively broken through and maintain volume is a very critical observation point currently. ETH Current Market Analysis
Overnight, $ETH surged to test the high at 2810, then entered a healthy consolidation and correction phase.
After a rapid rally ended, the market entered a high-level consolidation state, with a clear short-term strength and weakness dividing line.
The current primary support zone is 2730–2750, converted from a previous resistance level to a support band, serving as the core short-term bullish defense.
If the price holds above this zone, the current upward trend structure remains intact, and the market will continue to oscillate at high levels with room to expand upward.
If the support is effectively broken, the next key strong support to watch is 2670–2680, which is also a critical structural point for this rebound phase.
#BTC冲高$87000，加密总市值重返3万亿
#ETH强势拉升，空头清算超11亿美元
Trading Technical Plan:
If volume increases and the price breaks below the key 2670 level, the short-term bullish structure weakens.
Avoid subjective bottom guessing and premature rebound speculation; patiently wait for a new K-line structure to form before choosing to participate in the market.
—
💓 Trading Mindset Sharing
In recent trending markets, most people commonly face the issue of missing out due to selling too early.
Taking profits prematurely during an uptrend and watching the market continue to surge easily breeds regret.
This can lead to two fatal trading mistakes: impulsively chasing highs to recover positions, or stubbornly holding losing positions without stop-loss.
The best current solution: pause frequent trading, observe and settle, and calm the fear of missing out.
Do not let emotions control your rhythm; only trade within your own understanding and clear structural certainty.
—
💰 Fundamental Upgrade Progress Tracking
1. October 6: ETH Sepolia testnet will start fork testing, implementing core scalability upgrades and optimizations.
2. September 28: SOL network new version upgrade officially activated, boosting overall sentiment in the public chain sector.
#加密总市值重返2.8万亿美元
⚠️ Personal market review, does not constitute any investment advice $AKE Long position review: Entered at 0.04131, 20x leverage, mark price 0.05446, unrealized profit +636.64%.
From a technical perspective, the hourly chart shows a double bottom structure near 0.04, with volume moderately increasing before a volume breakout above the neckline. MACD shows a golden cross diverging upwards, and the moving average system is in a bullish alignment. The market movement is very steady, without violent shakeouts, representing a typical trending market with perfect volume-price coordination.
In terms of operation, the trailing stop has been moved up to the cost line to secure breakeven first. The resistance above is at the 0.06 whole number level; a breakout would open space towards 0.08. If pressured and falling back, take profits in batches and exit without stubbornness.
20x leverage carries extremely high risk; be cautious of extreme market spikes and control your trades. #BTC冲高$87000，加密总市值重返3万亿 $BTC $ETH Overseas KOLs are bullish on $CORE against the trend? Bull market target still looks at $0.5
Despite the global high interest rate expectations heating up again, many crypto influencers on X and Twitter still include CORE in the BTC-Fi key watchlist and set a target price of $0.5 for this bull market cycle. The overseas discussion focus is not on short-term price fluctuations but on whether its Bitcoin financial narrative can truly take root.
🔥 Three new bullish logics from overseas
1. Hashrate is not just packaging but bound to the consensus layer
Most BTC-Fi projects remain at cross-chain mapping and asset wrapping. CORE’s difference lies in introducing Bitcoin miners’ hashrate into network security and consensus, making hashrate expansion and halving cycles endogenous variables of the network rather than external concepts. This structure is harder to simply replicate.
2. From hoarding BTC to a yield closed loop using BTC
The overseas community focuses not on single staking but on the closed loop formed by staking, AMP, LST, and SatPay: BTC can generate yield, maintain liquidity, and enter payment scenarios. If institutions accept this "Bitcoin bank" framework, CORE could become the entry point for BTC yield layers.
3. Fusion upgrade seen as a revaluation trigger
The Fusion upgrade is widely discussed overseas not just as a technical upgrade but as a potential change in how token value is captured. If the upgrade improves staking, cross-chain, and asset protocol efficiency, the market will reassess CORE’s position in the BTC-Fi track.
#全球高利率预期再升温 Sandisk's S&P 100 entry looks like a useful test of positioning versus fundamentals. Shares rose 10.99% in the final session before inclusion, then slipped about 1.4% on Sep 21 as passive allocation completed.
The stronger signal now is FY2026 data center revenue, up 437% YoY. Micron's Sep 30 earnings could help distinguish an industry-wide storage cycle from company-specific momentum.
#SandiskSP100AIFocus $ADA Key short-term levels to watch are 0.2480 and 0.2418; the former is the upper Bollinger Band, and the latter is the lower Bollinger Band combined with support near MA20.
The Fear and Greed Index reads 78, indicating an extreme greed zone. This means market sentiment is overheated with increased risk of chasing highs, but it also shows that funds are still rotating within the market. BTC's recent stabilization has provided a catch-up window for altcoins. ADA is up +5.40% in 24h with a trading volume of 77.7M USDT, representing a moderate follow-up rally rather than an emotional surge, which is healthier than a sharp spike. Technically, MA5=0.24616 is slightly above MA20=0.24491, showing a short-term bullish alignment; RSI=60.7 is in a neutral to slightly strong zone, not yet overbought; however, the MACD histogram is -0.0005508, with momentum still below the zero line, indicating that upward moves require volume confirmation. The funding rate at +0.0100% is normally slightly bullish, with no excessive crowding among longs.
Directionally, I lean bullish but only plan to buy on pullbacks, not chase highs. Entry reference is 0.2430–0.2450, near the MA20 and the middle Bollinger Band pullback zone, offering a better risk-reward. Take profit 1 is at 0.2480, corresponding to resistance at the upper Bollinger Band; take profit 2 is at 0.2530, an extension target after breaking above the upper band. Stop loss is set at 0.2395; if it breaks below the lower Bollinger Band at 0.2418 and loses MA20 support, the short-term bullish logic fails.ETF ISN’T CHASING PRICE — IT MAY BE LEADING IT
$BTC just saw nearly $1B in ETF inflows, yet price slipped to $85.12K (-1.72%). $ETH showed the same pattern: +$269.98M, while price fell 2.14% to $2.72K.
That’s the interesting part:
Red price. Green flows.
If ETF investors are buying the dip,
the question isn’t just Who is selling?
it’s Who is absorbing the selling?
#BTC87KCryptoCap3T Brothers, yesterday the "genius trader" on-chain knight completely crashed.
Yesterday, the yield once reached over 80%, but when people get cocky, their brains stop working.
Originally, the trading was going well, but I stubbornly shorted Ethereum with 10x leverage right from the start, crazily adding positions, and soon all my bullets were gone.
But Ethereum didn’t give me any face, it kept rallying and rising all the way up to 2806.96.
My short position had a floating loss of more than half, and in the end, I had to admit my mistake and stop the loss.
The most heartbreaking part is that the price dropped again the next day.
Yesterday, I kept adding to my short position while Ethereum kept surging, which completely stunned me.
This crash made me fully realize: making 80% profit doesn’t mean you’re a genius; when the market goes against you, 10x leverage can just as easily wipe out all your profits.
So from now on, I’m setting new rules: fixed principal of 100U, starting over.
Leverage controlled between 3 to 5 times, no more stubborn 10x.
Add positions in batches, with the first position only 10%, then subsequent batches laid out in a 1:3:5 ratio.
The most important rule: stop loss at 50%, admit mistakes when reached, no more holding on indefinitely.
Consider this tuition paid, starting fresh with 100U, survive first, then talk about making money.
#BTC冲高$87000，加密总市值重返3万亿 I recalculated the 10,000 U I lost.
I didn't trade these past few days after liquidation, which actually gave me time to go back and review my previous records. Overall, I lost about 10,000 U. In the past, when I lost, I just accepted it and rarely did a proper tally. This time, I reviewed each trade one by one and discovered a rather painful issue:
I wasn't losing on a single trade, but kept repeating the same mistake.
When the price rose, I was afraid of missing out, so I chased longs.
When it fell, I was afraid it would keep dropping, so I chased shorts.
When I just went long and faced a pullback, I started doubting myself and then reversed to short.
After reversing, the market would rally again, so I reversed back to long. I made quite a few trades in a day, but only a few were truly planned. Even worse, I couldn't stop after losing.
A phrase kept running through my mind:
"This trade will recover the previous losses." So I kept increasing my position size and trading more aggressively. The last 5,000 U liquidation was actually just the accumulated problems exploding all at once. Looking back at this 10,000 U loss now, I think I can't simply blame "bad market conditions." The market will always have times that don't suit you.
The real questions are: Why didn't I choose to exit when the market didn't go as I expected?
Why did I keep trading even after consecutive mistakes?
Why was my first reaction after losses not to stop, but to try to recover?
This liquidation forced me to stop.
Now I have no positions and no funds to continue trading, so I won't trade for now. I'll first understand my past mistakes. Moving forward, I will keep recording these things.
Not to predict how much I can earn next time, but to see if I can make fewer mistakes first. When that $BTC order of over twenty million on Hyperliquid was liquidated, the project team was actually looking at another chart. In four hours, long positions liquidated 41 million, while short positions only 16 million.
This difference is not a market issue but a position structure issue. When the longs get crowded to a certain extent, as soon as the price drops a bit, forced liquidations will trigger a chain reaction of further liquidations.
#BTC87KCryptoCap3T 2800 hasn't firmly held yet, there should still be a chance, right?
Right now, I'm really holding on with the profits made earlier.
It's time to cool down, hopefully it drops soon!
$ETH peaked at 2806 this wave, now it's back around 2730. I'm still holding this 2640 short position.
The 1-hour chart has already dropped below MA10 and MA20, the upward momentum is cooling off. Next, focus on 2780–2800; as long as this resistance holds, bears still have room to wait for a pullback.
Below, first watch 2700, if it breaks, then look near 2650. If 2800 is firmly reclaimed, I'll consider cutting losses and exiting.
I already reduced this short once before, pocketing 548U, plus 2411U earned from the previous long. Now I'm still using profits to withstand the pullback.
$RLS is also strong today, peaking at 0.00293, now around 0.00276.
In the short term, mainly watch if 0.00275 can hold; if it holds, there's a chance to test 0.00282–0.00293 again; once it breaks, be wary of a quick high-level retracement. I won't chase at this position.
For this position, now just watch 2800; if it holds pressure, continue waiting for a pullback; if it truly holds, consider exiting. Profits are only for trial and error, never for unlimited holding.
#BTC冲高$87000，加密总市值重返3万亿
#Strategy再度增持，财库同步加仓 Costco is about to announce its earnings report, so why is the crypto community so concerned about how many roast chickens it has sold?
It neither hoards Bitcoin nor accepts Bitcoin payments.
But it knows whether Americans' wallets are full.
Good earnings → Americans are still aggressively buying toilet paper and roast chicken→ Consumption is strong→ inflation can't be suppressed→ The Fed doesn't dare to cut rates→ The crypto sector, a risk asset supported by liquidity, is struggling.
Poor earnings reports → cooling consumption → rising expectations for rate cuts → The market is betting on the Fed's liquidity injection→ Bitcoin may actually rise first.
So crypto insiders look at Costco's earnings not by how many roast chickens it sold, but by whether Americans' wallets are still full and whether the Fed's faucet will be loosened.
$BTC
#财报观察员: Costco's Q4 earnings report is about to be released $ETH retracement is not a sign of weakness; instead, it's an opportunity for bulls to get back in!
Brothers, this ETH pullback has indeed shaken the confidence of many. When it first surged, everyone was shouting about a breakout, but with a slight retracement, doubts quickly arose about whether the rally was over.
However, from the surface, Luo Jie is not so pessimistic. The current upward structure of ETH has not been broken; the short-term pullback is more about digesting the previous gains. Luo Jie has already positioned long orders near 2729 in advance, is still holding the position, and has unrealized profits, so there is no rush to exit here.
Next, focus on the 2730 area. As long as the support holds steady and there is continued buying pressure below, bulls still have room to push further.
If it stabilizes again and breaks upward, the first target is the 2800 level, and after breaking that, higher levels will be considered. #财报观察员：好市多Q4财报即将公布 Don't just focus on hundred-bagger coins; the real hidden trend is US stocks on-chain
The SEC has granted a five-year innovation exemption for "US stocks on-chain," allowing tokenized US stocks to be traded on public blockchains if conditions are met.
Many people haven't noticed this, but it might be more practical than chasing the next hundred-bagger coin.
The last bull market relied on issuing tokens; this round relies on moving real assets onto the chain. Once the compliant channel opens, the way funds flow in will change.
Don't just watch the K-line; pay attention to where policies are heading.
$BTC $ETH
#Strategy再度增持，财库同步加仓 #财报观察员：好市多Q4财报即将公布 Last week, corporate treasuries once again engaged in intensive buying. Strategy increased its Bitcoin holdings by 950 coins after two weeks, pushing its total holdings to 846,000 coins; Strive increased its holdings by 1,355 coins during the same period, raising its total to 26,000 coins. On the Ethereum side, BitMine added 27,000 ETH, bringing its total holdings close to 5.98 million ETH, of which 5.07 million ETH have already been locked into staking pools.
Don't simply see this as a routine show of strength by the giants. A single company's purchases can't determine the overall trend, but collective action by multiple treasuries, combined with the inflow of funds from spot ETFs, is gradually draining the already limited tradable supply on exchanges.
The biggest difference between treasury buying and speculative trading is the chip sedimentation. Retail investors frequently trade, while institutions tend to lock up their purchases for the long term. Especially with BitMine staking over 80% of its ETH to earn yield, it effectively turns liquid funds into illiquid yield-generating capital, creating an invisible liquidity vacuum wall in the market.
However, the real variable comes after the price rises. The higher the coin price, the greater the barriers and resistance for companies to buy coins through bond issuance or equity financing. Going forward, two points need close attention: whether the pace of treasury accumulation slows after the price surge, and whether corporate buying can continue to flow in tandem with ETF funds.
When whales and institutions join forces to lock up chips, liquidity premiums in the secondary market could erupt at any time. Do you think this obsession of corporate treasuries buying more as prices rise is building momentum for a super bull market, or is it accumulating a valuation bubble for themselves? Oracle has turned green again, finally can frown less for a while 😮💨 Bought long at 148.28, screenshot taken at 149.34, this contract has an unrealized profit of +14.29%, still not closed. Didn’t exit at 151 earlier, then it dropped to 146, now back above cost, after all the fluctuations, my mood has moved even more than the price.
I continue to lean bullish, besides computing power, I also value its database business, an old staple. On August 13, Oracle announced an expansion of its long-term cooperation with Amazon Web Services (AWS); the related database services now cover 22 AWS regions, and some enterprises already use it to run core business. Choosing AWS as a customer doesn’t mean giving up Oracle’s database.
I find this quite interesting: it doesn’t necessarily have to take over the customer’s entire system to keep doing business with them. My understanding is, rather than forcing customers to choose sides between two clouds, it’s better to let customers use their products within their original environment. This kind of cooperation has a chance to retain customers, which is more worth my attention than simply debating "who will win the entire cloud market."
However, having an additional growth path doesn’t mean the pressure of investment disappears. In the September financial report, quarterly free cash flow is still negative, so whether the business can expand and when these expansions will truly generate cash must be viewed separately.
I won’t move the take-profit at 160 for now, first observing if it can stand back above 150. If the rebound loses momentum again, I’d rather reduce my position a bit first, not dragging risk management to the next breakeven point.$CORE late-night official project post reiterates the three security locks of core chain staking.
Three input guarantees for Core:
→1 Bitcoin miners delegate the computing power of the blocks they have mined.
→2 Bitcoin holders stake BTC without giving up custody rights.
→3 CORE holders stake CORE.
As is well known, everyone is currently waiting for the project team to release credible data on the handling of the validator reward inflation incident. However, once again, what everyone gets is not the handling data, but the project officials repeating the old so-called security narrative?
What’s laughable is that while repeatedly emphasizing the reliability of on-chain security, the validator reward inflation incident still occurred? This contradictory argument intertwines and overlaps, gradually destroying the already shaky trust crisis of the project.
So far, the project team has never provided credible data on the handling of the incident and has tried to divert public attention and opinion by posting about other matters, attempting to let the incident die down and be forgotten. But this perfunctory approach not only fails to eliminate everyone’s doubts but backfires, causing more suspicion, speculation, and complaints. Under such circumstances, it becomes even harder for the project to shift from negative public opinion to positive sentiment, making it more difficult to advance and develop healthily.
Only by achieving the scale of $BICO can recovery be possible.
The above represents personal views only and does not constitute other advice or guidance!
#BTC冲高$87000，加密总市值重返3万亿 $NES (Nesa, AI privacy reasoning L1) launched on Binance Alpha/Spot and Perpetual on 6.24. It was once maliciously minted for $50 million due to a vulnerability (actually only $60,000 was dumped, liquidity was extremely shallow). The order book shows 0.1416 long, 0.1716 current, price movement 21.2% → 20x floating profit 423.7%.
The early phase showed a sharp pull-up + mid-to-late phase oscillating upward, characterized by oversold (0.14 bottoming) + perpetual (OKX/Gate/Bybit 20x) short squeeze resonance. On-chain: circulating supply 142 million (14.2%), total supply 1 billion, FDV about 155 million, MC about 24 million, PancakeSwap initial liquidity only 1.7 million, holdings were once highly concentrated (77.7%).
At 20x leverage, a pullback of 4.3% (around 0.164 liquidation) is expected, actual tolerance about 3.8% (including fees); 0.1716 currently faces resistance at 0.17-0.18, failure to hold leads back to 0.158, breaking 0.1416 start point turns weak. $BTC $ETH #BTC冲高$87000，加密总市值重返3万亿 Late at night, I brew a cup of concentrated energy, watch the pulsating candlesticks, and the red and green lights on the screen reflect my tired face. After years of struggling in the crypto world and US stocks, used to the bloody bull and bear cycles, I increasingly feel that retail investors compete on technical indicators while institutions play open strategies. Last week's data is quite intriguing. Corporate Treasuries have started a new round of buying again: after a two-week break, Strategy quietly acquired 950 BTC, pushing its reserves to a staggering 846,000; Strive was also unwilling to back down, buying 1,355 BTC; and BitMine was even more aggressive, directly swallowing 27,562 ETH, with total holdings approaching 5.98 million, of which over 5.07 million were staked. Many people saw these numbers and felt like going all-in. But veterans know that a single company's buying can't change the ever-changing big trend; the truly terrifying part is the "margin effect." When these institutions' balance sheets resonate with the steady inflows of spot ETFs, the once liquid tokens in exchanges are being locked away like droplets of water. ETH is heavily staked, BTC is stuffed into cold wallets, and the number of tokens available for gambling is dwindling day by day. What's even more intriguing is the linkage between US stock token targets and the broader market—for example, Nasdaq-pegged assets like $xQQQ are becoming the most subtle bridge between traditional capital and crypto natives. Look at the neighboring tradition$ETH current price is 2734, dropping straight from 2800 to 2714, then bouncing back to 2734. This up-and-down movement is purely a "long-short double kill."
The 7-day increase is still over 12%, but today's surge followed by a pullback clearly shows that the previous rise was excessive, and profit-taking is happening.
Personal feeling: 2700 is a key psychological support level in the short term. If it holds, it could test 2750 again; if it really breaks down, brothers, expect to see 2650. Tonight, we still need to watch the mood of the US stock market.
Control your hands, don't chase the highs, wait for a clear direction to emerge
$BTC $ETH $DOGE #BTC冲高$87000，加密总市值重返3万亿 Nobody wanted $UNI at $3, today it's $8.99 and still rising.
The SEC exemption has been fueling this fire since September 17, in 5 days from $6 to $8.78, with a single-day peak of +30%. No dump today, Robinhood Stock Tokens 80% flow through Uniswap.
But SEC exemption ≠ securities exemption, it's a 5-year transition. TSV only runs in the V4 permissioned pool, regulation is still tight. UNI earns on-chain swap fees, burning UNI according to UNIfication = real income.
The risk is concentration: Robinhood accounts for 80% of UNI income, switching the underlying protocol would zero out income. RSI 84→58, 4-hour bearish divergence.
Support at $8.50, $8.30 = 5-day moving average, $8.00 round number; resistance above at $9.05-9.20 = today's congestion.
Summary: UNI = real income + real narrative, priced in but not fully digested. Position ≤3%, scale in at $8.30-8.50. Reduce if it breaks $8.00, stop loss if it breaks $7.50. $SUI recent market repeatedly trades on expectations for “Sui Basecamp (10.7-8 Singapore)”, combined with the preheating of “Agentic Payments / confidential transfers”, the ecosystem narrative (Move-based L1 + zkLogin) is warming up.
Order book: 0.8197 long, 1.0207 spot, 50x floating profit 1226%, early stage sideways consolidation, late stage stepped sharp rally = short covering + perpetual squeeze, not a pure spot one-sided move. On-chain: TVL recently about $465 million (DeFiLlama), stablecoin market cap about $450-475 million, daily active addresses about 129,000, 24h transactions 29.3 million (data fluctuates), DEX volume rising but not extremely explosive.
Theoretical tolerance under 50x is about 1.5-2%, actual including 4h fee erosion only about 1.2-1.4%; 1.0207 close to the 1.0 psychological level, holding above looks at 1.05-1.10 (pre-Basecamp expectation), failing to hold returns to 0.98, breaking 0.95 destroys the squeeze structure. $BTC $ETH #BTC冲高$87000，加密总市值重返3万亿 The crypto market, which was holding steady at the 80,000 level yesterday, jumped to 86,000 today, hitting an eight-month high, soaring 6 points in a single day. The total crypto market capitalization surged by $160 billion in a single day, returning to the $3 trillion scale, while short positions were liquidated nearly $8 trillion in a single day, and short-selling investors were directly "carried out" by the market. The most noteworthy factor in this rally is the leading stock: not Bitcoin, but Pepe (PEPE), which surged 23% in a single day, Dogecoin also rose 13%, while mainstream coins saw the smallest gains. This rotation of funds from core assets to fringe coins is a typical sign of market overheating—funds are heading to the dirtiest and most "chaotic" corners, indicating market sentiment has entered an irrational phase. From a technical perspective, Bitcoin's 7-day RSI has risen to 80, entering the overbought zone. Market sentiment has peaked: the screen is filled with voices saying "the bulls are back," and even institutional leaders are starting to declare bullish. But there's an iron rule in investing: when everyone starts calling for a new bull market, the short term is often the most dangerous. Although the market has risen 50% in two months and the trend is real, you need to distinguish two things: chasing in today might be right in the short term, but if it pulls back 3% tomorrow, you are likely to lose control. After two rounds of trading, the bull market is still in place but the money is gone. If you want to get on board, don't rush—wait for the RSI to cool down, then proceed slowly in batches. This rally has been going on for eight months; it doesn't matter if you have three to five days. Remember: a surge day is not an opportunity day, but a day when sentiment is at its highest. No increase in sentiment, a sharp rise on the day$ETH ETH
David's Trading Notes
2026.9.22
1. About Positions / Intraday Plan
Yesterday, I followed the trend to go long and succeeded, plus the only short range given at 2796-01 also hit a reversal.
Today's market characterization: mainly a correction, but no trading on this correction itself intraday; low buys as support, only trend-following long positions.
1. Look to go long at two levels: 2703 and 2687, enter after a bullish engulfing pattern on the 5-minute chart; if no signal, do not trade.
2. Viewpoint
The market has reached a historical bull-bear dividing line; hitting 2800 triggers a sell-off, the structure is complete and requires correction. Next, we will see how deep the correction is.
2703 and 2687 are pullbacks during the correction; if a bullish engulfing pattern appears, trade according to the main bullish direction; if not, do not guess the bottom.
Having profited does not mean shorting today; watch the correction, do not trade the correction—this is discipline: no chasing shorts, only re-enter on pullback signals.
Trading cannot be fully profitable every day, nor always win; trade aggressively in good markets, slow down in bad markets #BTC冲高$87000，加密总市值重返3万亿
#Strategy再度增持，财库同步加仓 Extreme greed at 78, can the 20% rise of $FORM still be chased?
Conclusion first: do not chase the high, wait for a pullback. The Fear and Greed Index at 78 indicates the market is overall in an exuberant zone, but $FORM's 24h +20.02% has already maxed out short-term sentiment, making chasing longs very low in cost-effectiveness at this time. From a technical perspective, MA5=0.31678 is still below MA20=0.32865, so the moving average system has not yet formed a bullish alignment; RSI=49.0 is in a neutral zone and has not strengthened in sync with the new price highs, suggesting a possible volume-price divergence; MACD histogram = -0.007024 remains bearish, indicating upward momentum is mainly driven by spot impulses rather than trend buying. The upper Bollinger Band at 0.407553 is an extreme resistance level, with a 30-candle amplitude as high as 54.06%, and volatility has expanded to a level prone to two-way stop losses. Funding rate +0.0050% is slightly positive, meaning longs have to pay to hold positions, further suppressing the willingness to chase the rise. Overall, sector rotation driven by BTC has given $FORM an emotional premium, but structurally it is more likely a consolidation digestion after a spike.This round of altcoin market should be coming to an end, the broad beta rally is over, maybe a very few coins still have some opportunities, but it tests coin selection and trading skills.
The double bottom structure of TOTAL3 (the total market cap of coins excluding the top 10 by market cap, generally used as a reference for altcoin market cap) has basically rebounded to the corresponding target level.
Many altcoins show fatigue in daily charts. This broad rally in mid-September, in my view, definitely cannot last, because it makes no sense, they are all trash, why should they rise?
Even AI fears bubbles, and these trash coins in the crypto space are bubbles within bubbles.
Of course, a few with fundamentals, actual revenue, and buybacks are another matter.🚨 $ETH IS ABOVE $2.7K — NOW THE REAL TEST BEGINS
Ethereum has pushed through the $2,700 area, showing strong upside momentum even as recent ETF flows have been less supportive.
📊 The interesting part:
ETH spot ETFs recorded roughly $140M in weekly outflows for Sept. 14–18, ending four consecutive weeks of inflows.
Yet price continues to push higher.
That creates an important divergence between price action and capital flows. 👀
🎯 Watch $2,700 closely:
If ETH can turn this zone into support,