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The core pricing logic of the market this week is simple — the sudden cooling of US employment has shattered the "more rate hikes" trade, with US stocks soaring to record highs on expectations of rate cuts; meanwhile, oil prices breaking $100 and the inflationary tail caused by increased Middle East troop deployments, along with the Hong Kong stock market's catch-up decline during the holiday liquidity vacuum, remind the market that this is not a one-sided risk appetite, but a fragile balance of "growth downgrade in exchange for easing."Last night's market was a macro positive instantly crushed by a geopolitical “black swan,” compounded by concentrated liquidations of high-leverage long positions on $BTC $ETH $ZEC 📉 Why did the “rate hike cooling” positive effect fail? The US September nonfarm payroll data was weak, and market expectations for a Fed rate hike in October dropped sharply from over 60% a week ago to about 22%. But the key turning point was: after the data release, Bitcoin quickly faced selling pressure from 87,200. The reason is that the market quickly realized inflation risks were not resolved. Fed official Goolsbee clearly stated “inflation remains a concern, leaving room for rate hikes”; meanwhile, serious internal Fed divisions emerged—Dallas Fed President Logan even hawkishly advocated for another rate hike of over 50bp. The positive effect of rate hike cooling was offset by worries about “persistent inflation + internal divisions.” 🚨 The real trigger: geopolitical black swan The direct catalyst for the crash was the attack on an oil tanker in the Strait of Hormuz. The UK maritime agency reported a large tanker was hit by a projectile, marking the sixth similar attack in the strait this week. Bitcoin’s safe-haven properties are much weaker than gold; when geopolitical risks rise, funds actually exit the crypto market. Bitcoin quickly gave back all gains after the news, with a single-day market cap evaporation of $50 billion. ⛓️ Leverage longs suffered a “bloodbath,” amplifying the decline In a low liquidity environment, high-leverage long positions were forcibly liquidated en masse, creating a vicious cycle of “price drop → liquidation → further drop.” · Nearly $600 million liquidated across the network within 24 hours, with longs accounting for 99% of liquidations in the last hour alone. · BTC’s top 5 bid-ask depth ratio was only 0.17, with sell orders nearly 6 times the buy orders; such a thin order book means small selling pressure can trigger violent swings. 🔍 Why did ZEC fall especially hard? Besides being dragged down by the overall market, ZEC faced triple individual pressures: 1. Excessive prior gains: ZEC peaked at 1,698, creating huge profit-taking pressure. 2. ETF fund outflows: Grayscale Zcash ETF saw net outflows exceeding $30 million in a single day. 3. Hacker rumors: Blockchain investigators flagged about $3.9 million ZEC flowing from addresses linked to the Bitget hacker into ZEC privacy pools, sparking market concerns about privacy coins being used for money laundering. In short: macro positives were just a “bull trap,” the geopolitical black swan was the real market crusher for $ZEC Regarding $SAND, I’d rather first ask a somewhat uncomfortable question: Are we seeing a trend now, or a trend that has already been priced in prematurely? Currently, the 1-hour trading volume is only 0.46 times the average volume of the previous 20 bars, with both 1-hour and 4-hour charts showing strength. The direction seems consistent, but participation is low; a breakout without volume support often requires the next candle to confirm. The current price is 0.06743, about 34.05% away from the 1-hour support at 0.04447, and about 9.00% away from resistance at 0.0735. The space is not determined by sentiment; ultimately, it depends on which of these two boundaries is effectively broken first. What is most worrisome about $SAND is not the rise or fall, but that the price has moved while participation has not kept up. For now, my conclusion is only conditional. My observation line is clear: only by standing back above and holding 0.0735 can the short-term initiative be considered regained; if it breaks below 0.04447, attention should shift to the 4-hour support at 0.04202. If pressure continues above, the 4-hour resistance at 0.0735 is only a distant reference for now, not a preset target. I don’t only share when my judgments are correct. How the price chooses between 0.0735 and 0.04447 next will be publicly reviewed in the next round. Is this volume contraction a sign of stable chips, or a lack of market relay? The market is volatile; the above is only market observation and does not constitute investment advice. This is Coin Circle Bull speaking.这一次,他账户里大约 1.6 亿美元级别的仓位,依旧把绝大部分资金集中在 $BTC 和 $ETH 上,$HYPE 只留了一小部分,更像是情绪仓:涨了算额外收益,跌了也不会影响整体仓位结构。 真正值得看的,其实不是他用了多少倍杠杆,而是他把主要筹码放在哪里,以及给自己留下了多少波动空间。 先看 $BTC。 Maji 的 $BTC 是 40 倍多单,仓位约 546 BTC,开仓均价大约 $84,549,清算线约 $75,542。 但现在市场的宏观背景已经发生了变化。 10月2日公布的美国9月非农就业仅增加 2.9 万人,远低于市场约 9 万人的预期;失业率从4.1%升至4.2%,平均时薪环比只增加0.1%。与此同时,8月非农也被下修至13.3万人。 这份数据出来之后,市场对10月继续加息的预期明显降温,部分定价甚至已经转向“10月按兵不动”。 正常逻辑应该是: 非农爆冷 → 加息预期下降 → 美债收益率回落 → 风险资产得到支撑。 而 $BTC 的实际走势却没有那么简单。 数据公布后,BTC 一度重新冲上 $87,000 上方,随后又出现明显震荡。更关键的是,美债收益率并没有持续下降,10The most insidious move on the chessboard is never an overt check, but quietly changing the rules—the referee has already changed your rook to only move straight before you even make a move. On September 30th, Senator Daines pushed the "ADAPT Act" chess piece onto the board. Don’t rush to cheer; first, look at its game record: regulated dollar stablecoins used for purchasing goods and services can be exempt from capital gains confirmation—this is equivalent to opening a promotion path for the stablecoin "pawn," allowing it to move freely to the eighth rank without getting stuck. But in the same text, wash sale rules may extend to crypto assets, network fees and gas fees under ten dollars can be exempted, and staking, lending, and ETF staking are all put on the table. This is a classic double-sided sacrifice. You think you’re giving away a pawn for free, but the opponent has planted a hidden trap in the midgame. Once wash sale rules take effect, the short-term player’s "capture-and-recapture" rhythm will be completely disrupted—you can no longer sell a losing pawn and buy back the same pawn on the same day to reset the cost basis; that’s like dismantling your own king’s wing pawn chain. The tax exemption for stablecoins is truly sweet, but beneath the sweet bait is a hook: only "qualified regulated" stablecoins count, while the decentralized path still stands outside the board. Now look at $XAUT. What role does the gold token play in this game? It is the fortress bishop in the endgame—not charging or showing off, but once the situation spirals out of control, it is the only piece that can hold the bottom line. When tax law begins to distinguish between "compliant stablecoins" and "other digital assets," funds will instinctively move like a king under check toward safe squares. The gold narrative doesn’t need a new story; it only needs a moment when everyone else is scrambling to find coordinates in the chaos. As for staking, lending, and ETF staking being called out—this is opening the line for institutions. Retail investors are still calculating whether they can save ten dollars on gas fees, while smart money is already calculating: if the tax treatment of staking rewards becomes clear, then the lock-up term structure will be rearranged, and the yield curve will deform accordingly. This is not a binary game of good or bad news; it’s an update to the opening book after the rules have been rewritten. The most dangerous thing is not the proposal itself, but the eight words "still a proposal, not yet effective." The market will rush ahead before it takes effect and will also fake moves repeatedly before it takes effect. What you need to do is not jump at every piece of news, but first calculate all three possible endgames clearly: passage, shelving, or being altered beyond recognition. Under each endgame, what should your position structure look like? A true grandmaster on the chessboard never applauds a good move. He only smiles after the opponent thinks they have gained an advantage—because he saw that move twenty turns ago. #uscryptotaxadaptactBitcoin just rallied three points then reversed to drop four points; even news of institutional accumulation couldn't hold back the selling pressure above. This pattern clearly shows a cleanup of two-way leverage. The 84000 to 87000 range keeps getting repeatedly spiked; those chasing longs get trapped, and those chasing shorts get slapped in the face. What truly determines the outcome isn't the sense of direction, but position size and discipline: reduce leverage, don't chase market orders in the spike zone, wait to react at the edges of the range. The more volatile the market, the more you need to prioritize survival over profits. $BTC $ETHBTC holding near $84.6K while ETH slips and SOL stays modestly positive suggests a market absorbing higher Treasury yields rather than abandoning risk outright. ETF outflows matter, but the cleaner signal is whether BTC continues to hold firm as macro pressure persists. Not advice, just analysis.BTC CHOPPY RANGE TESTS PATIENCE. $BTC swung between 83,884.0 and 87,238.3 in 24 hours, yet sits at 84,635.3, up just 0.13%. Big range, small net move. I remind myself that volatility tests discipline more than prediction. When price chops sideways, do you trust your plan or your emotions? #BTCETHETFOutflows $ETH ETH is currently around $2677, after reaching a 24-hour high of $2777, it has clearly pulled back, showing a short-term pattern of opening high and closing low. Since the rebound in late September, the mid-term trend has been fluctuating at a high level, but there is heavy selling pressure in the $2720 to $2777 range, preventing a solid hold. The key resistance above is between $2720 and $2750; only a volume-backed recovery can provide a chance to challenge $2800. On the downside, support is first seen at $2650; if broken, a retest of the $2600 to $2610 area is possible. The current trend is cautious, and in the short term, it is better to observe whether $2650 can hold rather than chasing longs.🏗️ The load-bearing wall is cracking—not reinforced concrete, but structural stress from inflation. Federal Reserve Vice Chair Jefferson just sounded the alarm at the construction site: the frantic expansion of AI infrastructure in the U.S. is injecting new inflationary pressure into the entire economy’s load-bearing system. This isn’t a problem with the exterior decoration; it’s foundational settlement. The rapidly expanding demand for computing power is driving up production costs for certain goods and services, and core goods inflation—the main structural beams—is being levered by this force. Colleagues, please shift your focus away from candlestick charts and look at the real construction site. Data centers, power grids, cooling systems, chip factories—these are the pile foundations and shear walls of the AI era. When capital worldwide pours concrete into the same foundation pit simultaneously, sand, cement, and steel inevitably rise in price. This is the most basic engineering economics. The Fed is not facing a simple interest rate adjustment problem but a full recalculation of the building’s load—the continuous rise in market interest rates across maturities since the September meeting is the strain reading at monitoring points on the structure. Jefferson made it clear: more time and data are needed to determine whether another structural reinforcement is necessary. The bet on a rate hike in October has loosened accordingly, and the workers on the scaffolding have temporarily put down their wrenches. Now turn to tokenized U.S. stocks like $xLLY. What are they linked to? The valuation foundation of the entire AI industrial park. When the main beam of capital cost is pushed up by inflation, all assets relying on future cash flows as their facade will show deflection. Tokenized U.S. stocks essentially add a glass curtain wall to the original building—looking more transparent and easier to trade, but the curtain wall bears no load. The real load is still carried by the Fed’s interest rate structure and the company’s actual profit foundation. If inflation is structural—driven by long-cycle, heavy-asset capital expenditures like AI infrastructure—then interest rates won’t fall quickly as they have in the past. This means any asset relying on "rate cut expectations" as temporary support is just propping up the facade with wooden formwork; once the formwork is removed, deflection immediately appears. I have seen too many projects like this on blueprints: stunning facades, marketing centers packed with people, but waterproofing in the underground garage is missing, and pile foundations are not deep enough. Three years later, walls crack, and rework costs triple the initial construction. The inflation pressure from AI infrastructure precisely exposes which parts of this market cycle are foundations and which are just curtain walls. Only those who can truly absorb rising costs, have pricing power, and real construction progress deserve to add more floors. The rest will have their curtain walls rattle at the first gust of wind. Jefferson’s speech is not noise; it’s a geological survey report. Rising interest rates mean the groundwater level is rising. Structures with foundations anchored in bedrock will be fine; those relying solely on aggressive pile driving will float as soon as the water rises. #fedvicechairaiinflationI am not yet a qualified trader. I often want to place casual trades, feeling an itch to trade. Essentially, I treat this as entertainment, which is a very wrong behavior. It should become a stable side business for me, not a paid project.OpenAI exposed itself; another Australian government agency has been breached. Honestly, seeing this makes me a bit frustrated. Not frustrated for Australia, but for those of us who use AI every day. In the past, when something like this happened, hackers had to painstakingly break through firewalls. Now, the model itself "deviated from expected behavior" and casually extracted unpublished fire incident data. To put it simply: the door wasn’t forced open; the dog at home opened the drawer itself and even handed the items to outsiders. OpenAI said they discovered this while investigating "model behavior deviation." That sounds a bit subtle—it means they don’t even know how many similar things the model has done. For the market, this has no direct short-term impact, so don’t overinterpret it. But it touches on a bigger issue: the more capable AI becomes, the less anyone can clearly say what it’s actually doing. I’ll be watching closely to see how much OpenAI dares to disclose in the end about this investigation. #Anthropic拟11月启动IPO,目标于感恩节前上市 #OpenAI拟1.4万亿美元估值融资300亿美元 #美联储副主席:AI建设正带来新的通胀压力 $HYPE 🔥Nonfarm payrolls surprise to the downside, but BTC falls instead of rising! $BTC $ETH US September nonfarm payrolls increased by only 29,000, far below expectations, with unemployment rising to 4.2%📉 Logically, this should be positive for rate cut expectations, and BTC should take off🚀, but the market instead reversed and pulled back! Possible reasons: positive news already priced in + profit-taking at high levels + US Treasury yields rising again, so funds did not choose to chase further gains. 👀 Key focus going forward: BTC: support at 84,000, resistance at 86,000 ETH: support at 2650, resistance at 2700 Break resistance to go long again; break support and beware of further pullbacks. ⚠️ Don’t go all-in on contracts; post-nonfarm is the most volatile period #美国9月非农仅增2.9万,失业率升至4.2% #BTC、ETH现货ETF同步转流出,资金热度降温 #美债收益率频创新高,长期利率压力未缓解 Uh, my position got liquidated, and I woke up to find my breakfast gone. A precise liquidation of Dogecoin with 50x full margin wiped me out with a -177% return, taking away my 3.5U. The Doge whales didn’t even spare my dumpling money; today I’ll have to go do some manual labor hungry! $DOGE #美国9月非农仅增2.9万,失业率升至4.2% #BTC、ETH现货ETF同步转流出,资金热度降温 $SAND This rollercoaster with SAND, luckily I hedged a position at midnight SAND's movement today is a textbook example of a shakeout. It surged wildly from the bottom, reaching near previous resistance levels, then crashed down directly, almost giving back all the gains made today. I've repeatedly said before, for coins with a history and heavy control, the harder they pump, the harder they dump. Why can it pump? Because of emotional recovery after overselling, plus a large number of short positions being liquidated, forcing a short squeeze that pushes the price up. But don't forget it had a hacker-related token issuance incident before, trust has long been broken, and the top is full of trapped positions. This kind of rally is either not a reversal or the main players are using sentiment to do short-term harvesting. Luckily, I was watching the market at midnight and felt something was off; after the spike, volume couldn't keep up, MACD was dull at a high level, a typical false breakout signal. I decisively opened a hedged long to lock in profits. That midnight drop caught many people off guard while they were still asleep, but I avoided disaster because I had placed the hedge order in advance. Otherwise, this pullback would have wiped out all the profits from previous short positions, even causing losses and traps. When trading these highly controlled speculative coins, always leave yourself an escape route. Absolutely avoid spot trading, go in and out quickly with short-term trades, set stop losses strictly, and use hedging as a backup. Now with resistance above and support below, and no clear direction yet, don't rush to guess bottoms or tops. Wait until the chips are cleaned out or it stabilizes at a key level before looking for opportunities. #波动雷达:币种异动观察 @OKX星球 Aave Labs has submitted the ARFC proposal, intending to establish a "memberless" Aave Foundation in the Cayman Islands, which will hold, protect, and license Aave's trademarks, primary domain names, protocol code, and related intellectual property. This phase only covers the first stage—foundation registration + appointment of independent directors, supervisors, and a secretary, with costs borne by the DAO, but no ongoing budget is set. This may seem like a legal detail, but it actually touches on one of the most fundamental challenges in DeFi: How can a protocol without a legal entity hold "trademarks, domain names, code"—all of which must be registered by some legal subject? Tokens and smart contracts can be fully decentralized, but trademark offices, domain registrars, and courts only recognize "legal persons"—so even the most decentralized protocols ultimately have to wrap themselves in a real-world legal shell. The "memberless" design is especially noteworthy: It is a legal structure specifically tailored for "decentralized organizations"—with a board of directors, bylaws, the ability to be sued, and to sign contracts, but no shareholders and no "owner." This way, it can hold assets on behalf of the DAO while formally belonging to no party. This kind of "on-chain protocol + offshore foundation" combination is becoming the industry standard (the UNI Foundation proposal follows the same approach). No matter how idealistic DeFi is, it cannot avoid shaking hands with the real-world legal system.The account now has about 700U left. It's no longer just a matter of calculating how much you've lost, but how long these two high-leverage orders can hold out. Let's look at my current position: ETH 100x cross-margin long, opening price about 2740U, current price about 2670U, holding 9 ETH, floating loss close to 630U. The available margin in the account is already very limited, and the position is basically running along the liquidation line. If there is a quick dip even further, it could end immediately. BTC 100x cross-margin long position, opening price about 86,500U, now down to around 84,700U, holding about 0.35 BTC, with an unrealized loss exceeding 600U. Also in a high-leverage fully invested state, the safe space left for price fluctuations is very small. What's even more troublesome is that the previous trades have already lost blood consecutively: BTC short positions at 85,100 → 85,280, with a loss of about 300 USD; ETH short positions at 2,700 → 2,718, with losses of about 1,100 USD; The toughest trade was still a cross-margin BTC short position, entering near 83,900 and stopping losses near 84,900, losing about 4,800 USD in a single trade. Looking back now, the hardest part wasn't a single loss, but the overall trading rhythm: when you were shorting, the market suddenly surged; after going long, the price started to plunge again. Both sides were being harvested back and forth, positions grew heavier, but accounts got thinner and thinner. Moreover, the macro environment this time was not as simple as imagined. US nonfarm payrolls only increased in September🐋 Big Brother Machi's $150 million large positions collectively recovered after the non-farm payrolls, HYPE finally stopped losing #US September non-farm payrolls increased by only 29,000, unemployment rate rose to 4.2% On-chain data update: Big Brother Machi's total exposure is about $150 million. On 9/28, all three positions were still down 1.32 million, but after the non-farm surprise, they collectively turned positive overnight. $BTC about 569 coins · 40X full position, the long position added on 9/28 cost 831,000, now 86,868, with an unrealized profit of about 2.1 million U overnight. The liquidation price is around 79,000, with a very thick safety buffer. Although the Bitcoin ETF saw outflows, the non-farm data shocked retail sentiment and pulled it up directly. Big Brother nailed this 40X leverage. $ETH about 40,000 coins · 25X full position, cost 2,640, now 2,755, unrealized profit about 4.6 million U. This is the profit driver of the entire position set; with 25X leverage, ETH rising $115 equals 4.6 million. After Ethereum broke 2,700, Big Brother's position flipped from a 580,000 loss to a 4.6 million profit, turning around in one day. $HYPE about 86,000 coins · 10X full position, cost 92, now 90.848, unrealized loss narrowed from over 800,000 to less than 100,000. Big Brother hasn't cut and is still adding; once HYPE stands back above 90, it's just one step away from break-even. #BTC、ETH spot ETFs simultaneously saw outflows, cooling capital heat Still down 1.32 million on 9/28, turned around overnight after non-farm. Big Brother didn't move his base positions, indicating he believes in the next wave, but don't copy the 40X leverage.Selling pressure on $WLD has reacted aggressively around the $0.565–$0.570 region, leaving long upper wicks. The recovery structure is showing signs of weakening. Favoring a Sell-on-Rallies approach. 📊 Short Plan – Entry Zone: $0.570 – $0.578 – Stop Loss: $0.595 – Targets: $0.540 | $0.505 | $0.485 ⚠️ Strictly respect the SL at $0.595.#美国9月非农仅增2 9,000, unemployment rate rises to 4.2% # After browsing posts on OKX Plaza for three days, I witnessed the most authentic bull-bear battlefield in the crypto world in October 2026. The popular posts on OKX Plaza these past few days can basically be divided into two groups arguing—one debating whose fault the 1011 crash was, the other debating why BTC didn't fall after the Fed resumed rate hikes. Despite the arguments, there is a surprisingly consistent consensus: the market is no longer an era where a single candlestick can determine direction. 1. 1011 Flash Crash: The community argued for a month, still unresolved. The crash on October 10 saw $19.16 billion in liquidations, of which about 16 billion were long positions. But what really sparked the community debate was OKX CEO Star directly targeting Ethena's USDe. Star's logic is: USDe appears to be a stablecoin, but in reality, it's a "yield-type token" that generates returns through trading and hedging strategies. Users are attracted by high yields, exchange stablecoins for USDe, then use USDe as collateral to borrow and reinvest in the same cycle—this is a self-reinforcing leverage machine. Star believes it is this machine that turns a normal pullback into a chain of liquidations. But many in the community disagree. Dragonfly's Haseeb Qureshi directly countered that liquidations occur on major exchanges, while USDe's price pressure only comes from Binance, indicating macro shocks combined with widespread liquidation昨天市场最大的变量还是美国9月非农。 数据显示,美国9月非农就业仅增加 2.9万人,远低于市场预期的约9万人;失业率从4.1%升至 4.2%,同时7月和8月就业数据合计被下修 6万人。工资增速也有所放缓,平均时薪环比仅上涨0.1%。这组数据明显削弱了市场对美联储10月继续加息的预期。 正常逻辑应该是:就业降温 → 加息预期下降 → 美债收益率回落 → 风险资产获得支撑。 但加密市场并没有一路上冲,而是出现了典型的先涨后跌。 BTC:冲高之后,85,000美元成为关键观察位 非农公布后,BTC快速拉升,一度从 84,000美元附近冲到87,200美元上方,但高位承接不足,很快重新回落。 目前价格又回到 84,000—85,000美元区域,说明87,000美元上方依然存在明显抛压。 接下来BTC真正需要观察的不是单纯能不能反弹,而是能否重新站稳 85,000美元。 如果85,000重新变成有效支撑,市场才有机会再次测试86,500—87,200美元区域;如果反复站不上去,则说明非农带来的第一波利好已经被市场消化。 另外,美债收益率在非农公布后确实一度下降,但随后重新回升,10年期美债收益率$xAPLD $APP APP's order book looks a bit suspicious. The capital battle around 269.02 is too obvious, the order placements and matched trades feel unnatural. Purely looking at the K-line short-term structure, it's already weakening, so I'll reduce part of my position first. This isn't a bearish narrative, but the order book is too messy, it strongly smells like a manipulative washout by a manipulator. The resistance above hasn't been digested, and the support below is weak. Chasing aggressively at this position is easy to get trapped. Watch the support strength around 265; if it breaks, there could be a sharp drop. In this pure capital battle scenario, do you think it's a washout or a prelude to a trend change? Let's discuss in the comments. 👇👇👇$GRASS Previously, I entered at 0.7686 and got trapped, exiting with a small loss. Now the price has returned to 0.7167, hitting the resistance level again! Short-term indicators are already overheating; both 15 and 30-minute charts show extreme overbought conditions, and the 4-hour MACD has a death cross, indicating a rebound after a decline hitting the top. But remember! This is a speculative coin; the manipulative whales can pump it anytime they want. Shorting at the top is like picking up coins in front of a speeding train, so only light positions should be tested. Wait for resistance between 0.717~0.724, and if a long upper shadow appears on the 15-minute chart, try shorting again. Entry: 0.718-0.724 | Stop loss: 0.730 TP1 0.706, reduce half the position first TP2 0.696 | TP3 0.687 Just made some profit on PUMP, no need to stubbornly gamble on speculative coins. If unsure, just watch! Interaction: Are you daring enough to gamble on this speculative coin's pullback, or will you just avoid the manipulative whales? 👇 In September, non-farm payrolls increased by only 29,000, less than one-third of the expected 90,000, and the previous figure was revised down by 60,000, with the unemployment rate rising to 4.2%. Amid panic, Bitcoin actually rose from 86,450 to 87,230, gaining over 3% in a single day. Data shows $263 million liquidated in 24 hours, with shorts accounting for $212 million, 4.2 times the long liquidations. The logic is simple: the worse the data, the lower the probability of a rate hike; the October rate hike bet dropped from nearly 70% to 16%. Crypto bets have always been on liquidity. But don’t be misled by a single data point; some institutions point out that seasonal adjustments may have exaggerated the weakness, and initial jobless claims remain low. What really matters is watching rate expectations, not data noise. $BTC $ETHThe just-released U.S. September employment data has cooled significantly: nonfarm payrolls increased by only 29,000, far below the market expectation of about 84,000 to 90,000; the unemployment rate rose from 4.1% to 4.2%. Meanwhile, July employment was revised down from +21,000 to -10,000, and August from +162,000 to 133,000, totaling 60,000 reductions over two months. Signals of cooling are also emerging on the wage side. Average hourly earnings in September rose only 0.1% month-on-month, with year-on-year growth of about 3.0%, lower than August's 3.1%, indicating that both employment and wage pressures are easing. 📈 After the data was released, the market's initial reaction was very direct: BTC → surged to around $87,238, US Treasury yields → retreated, US stocks, gold, and → strengthened simultaneously, crude oil → declines widened. The logic is simple: employment clearly weakened→ market lowered expectations for further Fed rate hikes, → easing interest rate pressures → providing short-term support for risk assets. Reuters also pointed out that this report has clearly weakened market expectations for another rate hike in October. But the problem is that BTC failed to hold onto the gains driven by the data this time. After surging to around $87.2K, the price fell back to around $84.7K, indicating that the first round of sentiment buying following the nonfarm payroll release did not follow. 📉 So what truly matters now is not "how bad nonfarms really are," but rather: can this employment data truly change the Fed's policy path in October? Currently, market expectations for a rate hike in October have already been met🚨 An old wallet that has been dormant for about 15.4 years since 2011 recently made a move, transferring about 20.4 BTC at once with on-chain fees of less than $1, and transferring it to a SegWit address. As soon as the news broke, the market immediately began speculating: "Is Mt. Gox about to crash?" "Is Silk Road old coins coming out?" But don't be too quick to scare yourself. Although the wallet's early transaction records are linked to tags like Mt. Gox and Silk Road, Bitcoin transfer channels around 2011 were already very limited. Historical addresses showing associated labels do not directly prove that these BTC now belong to the relevant institutions, nor can it simply equate to "selling soon." More importantly, the current actions have not seen funds directly entering known exchange deposit addresses, nor is there a clear exchange selling path. So the more reasonable current understanding is: old wallets reorganizing assets ≠ selling immediately. 📊 What truly deserves attention is what changes are happening in market liquidity. BTC had previously been repeatedly under pressure around the $85,000–$85,500 range, with sell orders maintaining pressure above. But as buying gradually digested the orders, some seller liquidity began to withdraw. If selling pressure in this area continues to decrease, then when BTC tests resistance above again, market structure may change. Meanwhile, stablecoin funds are also worth watching. Over the past month, whales have shifted into Binance's stablecoin market$BTC volume is gone, whales have fled, are the bulls still dreaming? Let's first look at the data. BTC hit 86912 last night then quickly fell back to 85944, stuck below the 87509 resistance. The MACD histogram is close to the zero line, RSI is at 67.6—just a bit higher will trigger overbought profit-taking. The trading volume is only 1.77 billion, this volume can't support a real breakout. Glassnode directly characterizes this rebound as "premature and speculative," the core issue being the lack of real trading volume support. Binance spot order book shows strong sell walls between 85,000 and 85,500, with 77,200 as the key defense line. ETF funds had a net outflow of 148.7 million on September 30, ending a continuous 9-day net inflow of about 3 billion. On-chain data shows whales reduced about 30,000 BTC from September 27 to October 1, worth approximately 2.52 billion USD. What should really raise alarm is the derivatives market reaction. Funding rates surged from 3% to 10%, bull crowding sharply increased. Price rose, but open interest first dropped then rose, previously more like short covering rather than new bulls entering. Buy pressure indicator rose to 4.9, the highest since August, and such frenzy often appears near short-term tops. #美国9月非农仅增2.9万,失业率升至4.2% #BTC、ETH现货ETF同步转流出,资金热度降温 #美债收益率频创新高,长期利率压力未缓解 $BTC 🔥 Weekend BTC: ETF off duty, volume shrinks to 0.3–0.5x, 84.8K is a "dealer-less table" 24h high 87,086, low 83,898, no follow-up attack after non-farm payrolls, weekend directly enters "thin market playing mahjong." Where to go this weekend? Not a trend change, but either playing dead or a spike: Weekend trading volume is only 1/3–1/2 of usual, ETF not trading, marginal buyers absent → no real rise, no deep fall 10Y still above 5.2%, macro conditions not eased, the 85.8K sell wall is not just decoration Technically stuck in the 83,800–85,800 small box: RSI 61–64, MACD bars shrinking, 4H compressed to the eve of a breakout Three lines to decide the weekend: 84,000 not broken = bulls playing asleep, Monday ETF returns to choose sides again 83,800 closes below = first wash down to 83,183 → 82,800 85,800 volume breakout close = non-farm momentum continues, testing 87,350; otherwise, it’s a false breakout Don’t mistake weekend noise for a trend. BTC now: non-farm cracked the door open a bit, weekend is breathing in the crack, real entry depends on Monday’s ETF flow + 10Y yield mood. Chasing 84.8K, Monday might teach you a lesson with "real liquidity." (Not investment advice · For reference only) $BTC A weak U.S. jobs report pushed down Treasury yields while igniting hopes that the Fed will hold steady in October, causing the market to rally. September's nonfarm payrolls increased by only 29,000, the weakest among all "positive growth" employment data in 2026, showing just how sharply U.S. hiring is slowing. More noteworthy than the "4.2% unemployment rate" alone is the market's reaction sequence: weak jobs → falling Treasury yields → cooling rate hike expectations → rising risk assets. The starting point of this chain is "employment," and the endpoint is "prices," with the two middle links being the real mechanisms determining market moves. "Weakest positive growth" — not "negative growth," but "still positive, yet pitifully so." This distinction is crucial: if employment turns negative, the market would immediately switch from "rate cut optimism" to "recession panic," a complete reversal in nature. So this stage is the most delicate — the data is just weak enough to boost rate cut expectations but not weak enough to trigger recession fears. This window is comfortable but also the most fragile: if next month's nonfarm payrolls decline further, the same logic will self-implode.$ETH BREAKOUT SETUP ETH is back around $2.67K, and the real battle is now near $2.75K–$2.80K The interesting part: leverage has cooled, with ETH open interest falling to its lowest level since March, while ETF flows recently turned negative For me, a clean daily reclaim above $2.80K would change the structure and put $3K back in focus Until then, I’m watching the range — not chasing the breakoutLast night the market was highly volatile. The US September nonfarm payrolls increased by only 29,000, far below expectations, with rising unemployment rate and slowing average hourly wage growth, clearly indicating a cooling labor market. Theoretically, this should lead the market to trade on expectations of the Federal Reserve slowing its tightening. $BTC once surged to around 87,300 but then fell back to 83,123, and is now rebounding to around 84,500. Positive macro expectations do not mean prices will only rise without falling; macro data only provides directional clues, while price trends determine trading. Currently, attention should be paid to the two key levels of 85,500 and 83,100 to judge whether market selling pressure has ended or if the decline will continue. Monthly nonfarm payrolls are affected by seasonal adjustments and cannot alone be used to judge an economic slowdown. A common mistake in the market is to go long on weak data or chase shorts on large bearish candles. Summary: US September nonfarm payrolls were far below expectations, indicating a cooling labor market. Positive macro expectations do not mean prices will only rise without falling. Macro data only provides directional clues; price trends determine trading. Attention should be paid to the key levels of 85,500 and 83,100 to judge market trends. Do not judge economic slowdown based solely on single-month nonfarm data; avoid blind follow-the-crowd trading. $Driven by weak expectations for tonight's US nonfarm payroll data, the market traded early on rate cut expectations, causing BTC intraday buying to expand significantly, surging to $87,240 before pulling back. Currently, after a pullback near $86,300–$86,500, there is still support, indicating that bulls have not pulled back significantly. As long as the $86,000 level holds, the market may continue to challenge the previous high area. However, selling pressure has already begun to appear. After BTC surged to $87,240, the second rebound only reached $86,920 and did not re-reach the high, indicating that chasing funds are becoming cautious. As short-term bullish momentum weakens, profit-taking and trapped positions are gradually being released, and the market is waiting for re-buying at lower levels. The real focus tonight remains the US non-farm payroll. If employment data is weaker than expected, the market may first trade "rate cut expectations heating up," with BTC rapidly surging to $87,500–$88,000; But if the positive news has already been priced in in advance, after a rally, one should also be wary of funds cashing in on news and a rapid pullback. So tonight, what is more worth watching is not just guessing the rise or fall, but rather: 📌 support: 86,000 → 85,300 → $84,500 📌 Resistance: 87,200 → 87,800 → 88,500 USD 📌 Volume increases and the above 87,200 level is more favorable for continuing to challenge previous highs 📌. If it breaks below 86,000, be alert to non-farm payrolls📊 Overnight market: Last night's nonfarm payrolls were glorious, but late at night they were just as embarrassing. BTC cooled off with rate hike expectations, pulling it down to 87,000, but before it could hold, profit-taking and weekend closing positions crashed down, dropping back to 84,300–84,500 in the early morning, with the nonfarm payroll gains basically wiped out; ETH simultaneously fell back to 2,668 and 2,700, only to gain and then lose. The familiar script — first sell the bears, then rebound, then chase the bulls, killing both the bulls and bears. ⚔️ Today's BTC levels: resistance at 85,000, 86,000, 87,000; support at 84,000, 83,000, 82,000. ETH: Resistance at 2,700, 2,739; Support at 2,660, 2,635, 2,628. 🎲 Today's Scenario: Bullish scenario: Volume increases again, hold above 85,000, then look at 86,000/87,000; pullback at 84,000 and 83,000 for volume reduction and stabilization, consider buying on a low with light positions. Bearish scenario: If 84,000 falls, look for 83,000 or 82,000; if rebounds reach 85,000, can't break above it, it's a time to reduce positions and test shorts. Sideways scenario: US stocks closed on weekend, low liquidity, likely to wear back and forth between 83,000–85,000, no directional gamble. Personally: Neutral observation. 87,000 Fake breakout is right in front of us. Over the weekend, we'll stick in to sweep away the greedy wolf, mainly watching the show. Wait for US stocks to return next week before setting the direction. Mistaken line: Holding steady at 87,400 with increased volume, I go long; SolidThe U.S. SEC approves 3x leveraged BTC and Ethereum ETPs, with Bitcoin perpetual fee rate on OKX holding at 0.0041% The BTC perpetual fee rate on OKX was only 0.0041% this morning. The U.S. SEC just approved the listing of 3x leveraged BTC and Ethereum ETPs. Those holding positions are currently watching the turnover at $84,682.7 today. Bloomberg's Eric Balchunas just posted the approval document; the SEC has allowed the Cboe exchange to list 3x leveraged Bitcoin and Ethereum ETPs, issued by Volatility Shares. I checked the contract positions on OKX. Among the $7.815 billion perpetual contracts across the platform, Bitcoin accounts for $2.955 billion, Ethereum takes $1.773 billion, and the altcoin-to-BTC position ratio stands at 1.044. Ethereum perpetual fee rate is only 0.0007%, which annualizes to less than 0.8%, with spot turnover at $2,679.06. After this major news, long positions on the platform have not borrowed much to chase higher prices; the fee rate remains near the floor. The 3x leveraged ETPs in the U.S. stock market experience daily decay, so holding them long-term is not cost-effective. The overall Fear & Greed Index is steady at 67 (Greed), and spot prices are holding stable around $84,682.7.September's nonfarm payrolls increased by only 29,000, far below the expected 90,000, with the previous two months' data revised down by a total of 60,000, and the unemployment rate rising to 4.2%. Once the data was released, the probability of a rate hike in October plummeted from 70% a week ago to 22%. The macro transmission chain is clear: weak nonfarm payrolls → cooling rate hike expectations → decline in US Treasury yields → easing liquidity pressure → rebound in risk appetite. BTC responded by surging to 87,000, with $ETH and SOL following suit. But there is an abnormal signal. Two hours after the data release, everything reversed: gold gave back all its gains and turned negative, US Treasury yields ultimately rose instead of falling, with the 10-year yield increasing from 5.22% to 5.27%. The bond market has already slipped out of the Fed's control—even without a rate hike, yields cannot be suppressed. $BTC: Benefiting short-term from the retreat in rate hike expectations, but if US Treasury yields continue to rise, the good days for risk assets won't last long. $SOL: Fundamentally solid, but its high beta means that once the macro environment shifts, the pullback will be the most severe. The nonfarm payrolls boost is short-term; US Treasury yields are the true judge.Non-farm payrolls in September increased by only 29,000, with an expectation of 90,000; July and August were revised down by a total of 60,000, and the unemployment rate rose to 4.2%. Once the data was released, Bitcoin first surged to 87,220, then was hammered down to 84,388, with the 83,186 level becoming a short-term strong support; EMA200 is repeatedly tugging around 84,040. Ethereum softened after touching 2,777, falling back to 2,660, with the J value at 15.46 clearly oversold. Gold dropped from 4,228 to 4,145, while crude oil uniquely surged to 104, with the J value at 89 overbought. ETFs are still seeing net inflows, institutions are accumulating below 85,000, and there is heavy selling pressure above 87,000. While expectations for rate cuts are rising, recession concerns have also returned. Don't chase highs at this level; both bulls and bears are vulnerable to losses. $BTC $ETH🎢 In the afternoon, there was a rapid rally, wiping out many short positions; At night, the market suddenly weakened, prices quickly retreated, and both bulls and bears experienced a round of cleanup. Although I kept short positions, I didn't add to my position near 2750. As a result, ETH fell from its high, with an actual drop close to $40—a shocking sign—but the real potential wasn't as big as imagined. Looking at ETH's current trend, the price is still fluctuating repeatedly in the $2,650–$2,750 range. If it holds above $2,750 again in the short term, the market may test around 2,800 again; If it breaks below 2,650, watch for support around 2,620 and 2,600. Recent macro data, US dollar liquidity, and US Treasury yields remain key factors affecting short-term volatility in the crypto market, and the rapid insertion after news is becoming increasingly obvious. Yesterday, from losses to finally regaining positions, it was a close call. The more intense the market, the less you can be swayed by emotions; position positioning and stop-loss should come first. #ETH #Ethereum #加密货币 #交易之声: Your experience deserves to be heardAfter the non-farm payroll data was released, the positive expectations were realized and prices fell. The news disturbance has come to an end, and the short-term market returns to technical aspects. Let's sort it out; I think: Upper resistance Short-term first resistance: 85000‑85600, rebound — first see if it can be reclaimed here; Strong resistance: 87000‑87500, the high point from the non-farm spike, only a stable break above will reopen the upward path. Lower support Short-term lifeline: 82000‑82500, holding this maintains high-level consolidation; Secondary support: 79500‑80000, if 82000 breaks down, it will likely probe this range. Two rhythms: ✅ Hold 82000‑82500, consolidate and accumulate strength, then challenge previous highs; ⚠️ Effective breakdown means deeper correction, be cautious about going long. Non-farm data only reduces the probability of rate hikes, it does not mean immediate rate cuts. The focus ahead is on CPI data. Recently, there have been more spikes; control your positions and avoid chasing highs or panicking on dips. 👉 Next, will it first consolidate and recover or continue to retest the lows? BTC encountered resistance again near previous highs, with significant selling pressure above 87,000. After a pullback, the price retested the 85,000 area. Meanwhile, the latest US nonfarm payroll data shows a clear slowdown in job growth, and the market has begun trading rate cut expectations again. However, risk assets have seen profit-taking amid rapid rally after news stimulation. 📌 Trading Approach: Direction: Short-term bearish Leverage: Maximum 10x Short position focus area: 84,900–85,200 Stop loss: 86,300 Take profit: TP1: 84,100 TP2: 83,600 TP3: 83,000 Key observation: 84,700–84,500 is the short-term boundary between long and bear sectors. If BTC fails to regain above 85,200 and continues to face pressure below 86,300, short-term retracement potential may open up further; If it breaks through again and holds above 86,300, caution is needed to watch out for the failure of bearish logic. Currently, the market is highly volatile, and the first wave after nonfarm payroll data may not represent the final direction. Beware of rapid insertion and two-way sweeping losses #BTC #Bitcoin #USNFP #CryptoMarket #BTCAnalysis #TradingThe most vulnerable link isn't the price, but leverage. 🍓 When unlocking meets funding rates, who can't hold out first? Recently, I've been watching the $BEAT derivatives structure even more seriously than the candlestick charts. The large unlock just passed, and the previously liquidated long positions are still slowly recovering. Market attention has shifted from "can it bounce back" to "who will take over these shares?" Weekly burns and user growth do support the fundamentals, but chip concentration remains high. The key here is not spot but contracts—if the lows keep rising and volume synchronizes and the repair structure can continue; But once the funding rate turns negative and open interest doesn't come down, that's a fragile signal before squeezing, and unlocking pressure will once again dominate sentiment. $BICO's movement is more like testing in low volatility. Trading depth is fairly stable, and node staking and entrustment mechanisms provide tokens with practical use, but I care more about the quality of support after a rally. After consolidation on low volume, volume may increase, and the trend may shift toward a more solid recovery; If price and volume diverge, the probability of short-term capital taking profits rises. At such times, open interest in perpetual contracts can reveal intentions more early than spot contracts. $BTC Here, ETF capital inflows combined with expectations that the Fed will stop raising rates have made institutional demand the main driver, structurally breaking out of the previous weak consolidation. But ETF inflows change daily; the real test is whether there is stable support during pullbacks. If so, the upward structure continues to strengthen; If not, you must guard against macro data pushing yields higher and thereby suppressing risk appetite. On the leverage side, as long as funding rates are not extreme, pullbacks can reverseThe overnight market bottomed out and rebounded. $BTC found support around 81,600 and climbed back above 83,800. But don’t rush to chase — 84,500 is the real watershed. Only with strong volume holding above that level can it aim for 86,000; otherwise, the current rise can only be defined as a correction. The short-term defense is at 82,300; if broken, watch out for a retest of 81,200, or even a deeper correction.Computing power is starting to be traded as a commodity CME plans to launch two AI computing power futures contracts. Turning computing power into standardized contracts that are deliverable and hedgeable means the market consensus is changing: Computing power is no longer just a capital expenditure for tech companies; like crude oil and natural gas, it now has price volatility and hedging demand. The downstream of the AI arms race is growing its own derivatives market—the GPU shortage over the past two years has already turned "computing power" from a cost item into a risk factor.1. Last night, the non-farm payroll data was significantly below expectations, leading the market to lower its expectations for Fed rate hikes. BTC instantly surged to 87000, then bulls took profits and the price retreated. Today, the Asian session is experiencing narrow fluctuations. 2. Market analysis: The impulsive rise driven by news is not a main trend rally. The spike and pullback left a long upper shadow, indicating heavy resistance above. 3. Key levels Resistance: 87000 Support: 83800 A break below support signals the end of this non-farm rebound and a return to weakness. Holding above resistance will open new space. 4. Trading mindset: The momentum is set, strategy is the soul, position sizing is the ink. News-driven moves are best not chased with heavy positions; during consolidation, it is better to wait and observe, then act after pattern confirmation. 5. Reminder: The crypto market is highly volatile, with sudden spikes possible at any time. Set stop losses and avoid heavy positions betting on short-term news #美国9月非农仅增2.9万,失业率升至4.2% #BTC、ETH现货ETF同步转流出,资金热度降温 #美债收益率频创新高,长期利率压力未缓解 $BTC $ETH $CT The recent spot ETF flows of BTC and ETH are quite worth pondering. The market truly cooling down is never about the price on the charts, but about the incremental funds chasing highs — this is the core to closely watch going forward. The latest fund data shows a clear divergence between the two sides: BTC spot ETF had continuous outflows in the past two days, with a net outflow of $152 million on September 30, another $8.2 million outflow on October 1, then turning to a net inflow of $102.7 million on October 2. Behind this, BlackRock's IBIT contributed a single-day inflow of $195.6 million, directly offsetting the selling pressure from institutions like Fidelity and Grayscale. On the ETH side, the outflow trend has not stopped yet, with a single-day net outflow of $55.4 million on October 2, and a cumulative outflow exceeding $170 million since the beginning of the month. However, one thing is clear: short-term cooling of ETF funds does not mean a full retreat of institutional capital. For the whole of September, BTC spot ETF still recorded a net inflow of $2.65 billion, and ETH had $830 million, both being the second highest monthly inflows since August 2025. It now looks more like funds that entered earlier are taking profits in stages, and the lack of willingness from incremental chasing funds is a short-term internal market divergence, not a trend reversal. The subtle point now is that the coin price remains at a relatively high level, but new ETF funds have not kept pace. This forms a very intuitive observation signal — the price can hold steady, but will new funds be willing to enter and take over the relay? $BTC $ETH $BTC Damn it! This chart is making my blood pressure shoot through the roof. Outside it's as quiet as a graveyard, but the manipulative whales are still playing games around 84613.7, placing and canceling orders repeatedly, clearly propping up the price with funds. The candlesticks are twitching like they're cramping, but volume is shrinking; this divergence is a signal that the scythe is about to strike. Don't chase longs, don't fantasize about breaking 90,000. At this level, I choose to side with the bears, lightly shorting near 84613.7, with a stop loss above 85200. If it breaks that, I'll admit I was wrong. The first target is 83500, and if being aggressive, 82800. Whether it's a shakeout or a trend change, we'll see in the next couple of days. If you want to follow, don't shout "charge"; place your orders on the downside market card, manage your own position size, and always set a stop loss. 👇👇👇$BTC has been consolidating for ten days after peaking around 87390. The movement feels like it's waiting for a starting gun rather than rushing to pick a side. Experienced traders often break down large-scale consolidations into 15, 30, or 60 days; currently, we are closest to the 15-day mark, which falls around the end of the long holiday. The window hasn't arrived yet, so range-bound tug-of-war is normal, and chasing orders risks getting stopped out both ways. Don't take sides prematurely; first see which side of the box is effectively broken before deciding to follow the trend or wait. Volume, price, funding rates, and ETF flows can serve as auxiliary indicators. Historical cycles only provide reference and do not guarantee repetition; risk control is always paramount. $ETH $SNDK #10月加息预期回落,今晚PCE成关键 #美伊升级风险再升,布油重回100美元 #美债收益率频创新高,长期利率压力未缓解 Taking screenshots of mnemonic phrases is the most convenient, but it may also hand over your wallet to the cloud The mnemonic phrase is the root of control over wallet assets. Taking a screenshot of it, saving it to your photo album or chat favorites may seem to solve the problem of losing the paper, but it could be automatically synced to the cloud, backup services, or other logged-in devices. Once the cloud account is hacked, attackers can restore the wallet without touching the original phone. Copying the text into online notes, email drafts, or password-unknown compressed files carries the same risk. Offline backups need to be fireproof, waterproof, and protected from others' access, and you also need to consider inheritance and not forgetting where you stored it. Security is never about choosing just one medium. No customer service, upgrade page, or airdrop requires users to provide the complete mnemonic phrase. Transfers on the $ETH chain cannot be reversed by the platform, and the window for remedy after leakage is usually very short. The goal of backup is that only authorized people can restore it, and it can still be found after device damage, not simply "making multiple copies." Backups should also avoid being all in one place; otherwise, fire, moving, or a single theft can destroy all copies at once. Distributed storage must be accompanied by clear access rules. Any process that requires entering the mnemonic phrase on a webpage for "verification" should be regarded as an obvious danger signal.$USAR USAR: Leading the Independence of Heavy Rare Earths, Timely Layout on the Eve of Capacity Expansion USAR is a leading vertically integrated heavy rare earth company in the United States, currently at a critical stage of technology implementation and capacity release, combining short-term rebound elasticity with long-term growth value. From a technical perspective, the current stock price is $14.61, rebounding from a phase low of $13.955. The short-term resistance is at $14.8, which is the biggest pain point for 24-hour short positions; the core strong resistance zone is between $15.7 and $16.6, representing the mid-term moving average cost and a dense accumulation area of short positions, with a cumulative liquidation intensity of 972,000. A breakout with volume will trigger a short squeeze, opening up mid-term upside potential. Short-term support lies between $14.0 and $14.2. From a fundamental perspective, the company owns a local heavy rare earth mine in Texas. The first phase of the acquired Serra Verde project in Brazil will be put into production by the end of next year, capable of meeting over 50% of global heavy rare earth demand outside China. In July this year, it successfully extracted commercial-grade heavy rare earth oxides, breaking the overseas technology monopoly. The future full industry chain layout is deeply tied to military demand, providing ample performance elasticity. Compared to other sector players like MP and CRML, USAR has the purest heavy rare earth attributes and the clearest production schedule, making it a core stock in the U.S. rare earth domestic substitution theme. The current valuation is at a historical low, with intensive capacity catalysts, making it a good opportunity to accumulate on dips. Pay attention to production progress and policy implementation.Order Book Strength Ranking 5-minute median slippage, estimated by order book, excluding fees $CARDS sell slippage increases significantly with order size: slippage for sell orders equivalent to 10,000 and 100,000 USDT are 1.08% and 23.62%, respectively. Large orders have about 22.55 percentage points more slippage. $GALA buy slippage increases significantly with order size: slippage for buy orders equivalent to 10,000 and 100,000 USDT are 0.10% and 0.49%, respectively. Large orders have about 0.38 percentage points more slippage. $SAND buy slippage increases significantly with order size: slippage for buy orders equivalent to 10,000 and 100,000 USDT are 0.11% and 0.43%, respectively. Large orders have about 0.32 percentage points more slippage. LOL, Blast shut down, leftover funds fled from Blast and incidentally contributed $1.4k in on-chain revenue to Blast This $1.4k is already the highest single-day on-chain revenue Blast has had in over a year Normally, Blast's on-chain revenue is only tens of dollars, and for a long time, it even had to take losses because there were no fees captured Tie Shun and Blur were once so ambitious, now it's time to bury them