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#英伟达AI服务器或涨价超15% According to reports, $NVDA Nvidia has already informed some major clients that the prices of certain AI servers delivered in early 2027 may increase by more than 15%, involving the Vera Rubin and Grace Blackwell systems. One of the main reasons is the rapid rise in Memory costs. Data center clients such as Microsoft, Google, and Oracle have already started receiving new price information from server manufacturers.
The real impact of this issue may not be whether Nvidia can continue to make money, but that downstream players are beginning to face a reality: AI is becoming increasingly expensive.
In the past two years, the market has seen Microsoft and Google spend tens of billions of dollars annually on CAPEX, with the initial reaction being positive for Nvidia, storage, and data centers. However, as server prices continue to rise and long-term U.S. Treasury yields hover around 5%, the question becomes: how much cash flow can these AI assets ultimately generate?
For Micron, SK Hynix, and Samsung, rising Memory prices mean increased bargaining power; but for cloud providers, it also means the ROIC threshold for AI projects is getting higher.
Therefore, the real turning point for the AI market ahead will depend on who can recoup the cost of expensive GPUs the fastest. This round of BTC market has evolved from a short-term panic rebound to a trend recovery driven by both spot buying and short covering. However, there is a sell wall accumulating at the $80,000 level, and short-term profit-taking is also occurring.
In the past 5 days, BTC surged violently by 26.81%, rushing from 62.7K to 79.5K.
This level of increase corresponds to the week marking the end of the 2019 bear market and the early 2023 recovery bull, representing a cycle-level recovery signal.
The real core bullish factor has been underestimated by the entire network:
✅ US BTC+ETH spot ETFs saw a net inflow of $2.6 billion in a single week (the highest since October 2025)
✅ BTC had a weekly inflow of $1.9 billion, ETH nearly $700 million, both setting the largest net inflows of 2026
✅ ETF trading volume tripled, with institutional investors putting real money in
The derivatives market is far from overheated:
BTC funding rates are neutral, ETH is mildly bullish, with no signs of the crazy leverage bubbles typical of late bull markets.
On-chain data is even more critical:
Short-term funds are moving coins to exchanges. About 53,000 BTC flowed into trading platforms in the past 3 days, with 17,800 going to Binance, all from short-term accounts holding less than one day; meanwhile, long-term holders with over 6 months of holding did not transfer a single coin to Binance. This is the largest short-term inflow since February 2026.
Short-term profit-taking is happening, but long-term main holders have not left at all.
Early signals of the altcoin season have also appeared: total market cap has returned to trillions, and over half of altcoins have bounced back above their 200-day moving averages.
This is not a market top, but a high-level divergence and consolidation phase after a big rally.
$BTC $ETH $SOL
#BTC冲高后震荡，ETF资金持续流入
#ETH触及2500美元后震荡
#英伟达AI服务器或涨价超15% ETH $2500: This is a point where the cycle rebounds or a revaluation zone is divided. If the bull market in the second half of 2025 has already ended, is ETH's $2500 resistance not just a simple correction but a possible new range of upper limits? The core issue raised by the original post is not simply a price forecast, but whether market participants are still pricing in expectations of a 'continuous bull market,' or have already revised their expectations to 'prolonged sideways.' In this article, we reconstruct the logic through the lens of events and expectations gaps. Currently, two facts have been confirmed. First, after reaching its peak, BTC entered a sideways trading phase, and ETF funds are still net inflows. Second, ETH has been fluctuating repeatedly without confirming further upward momentum after reaching $2,500. The fact that these two facts exist simultaneously is the starting point of this observation. From a market structure perspective, net ETF inflows fully reflect institutional funds' risk appetite. #银行业支持CLARITY，稳定币奖励成争议
This time, the banks are playing the game of "I support it, but I need to change it."
The American Bankers Association has expressed support for the CLARITY Act, but with one condition — the stablecoin rewards must be strictly restricted.
Why are banks nervous? Because the 2025 GENIUS Act already prohibits stablecoin issuers from directly paying interest, but the current loophole is whether platforms and wallets can circumvent this by calling it "rewards." Banks fear that stablecoin wallets will use rewards to siphon off deposits, leaving them with no money to lend. Small business loans, mortgages, and agricultural financing will all suffer as a result.
Banks are defending their deposit base, while the crypto industry is fighting for the legitimacy of user earnings. On one side is a $25 trillion banking system, on the other is a stablecoin market worth hundreds of billions — this is a battle over trillions in capital flow.
Here’s my take. The banks’ approach is essentially regulatory arbitrage — verbally supporting the bill while actually using the threat of "deposit outflows" to pressure Congress into shutting down the earning potential of stablecoins. The earnings stablecoin holders make through on-chain protocols are fundamentally different in nature from bank deposit interest; the banks equating the two is itself a struggle for narrative control.
The CLARITY Act is a long-term positive for the crypto industry, but don’t expect it to happen overnight. Everything will be clear on September 15.
$BTC $ETH $SOL Bitcoin $BTC surged from 62,800 to 79,500 USD in a single week, an increase of over 23%, marking the best performance in more than three years. This violent rally is not just hype within the crypto community but a precise resonance of macro liquidity and policy expectations.
The U.S. Treasury announced it would at least double the scale of long-term Treasury repurchases, pushing down long-term U.S. bond yields. Capital quickly shifted, and Bitcoin, as a highly elastic liquidity sponge, was the first to be snapped up. Shortly after, Trump summoned Coinbase executives to the White House to advance legislation, instantly igniting expectations of looser policies.
However, the core fuel driving the price surge was the shorts' flesh and blood. Previously, the market was overloaded with short positions, and breaking key levels triggered a chain of forced liquidations. Nearly 190,000 people were liquidated within 24 hours, with over $1.3 billion in positions cleared, the vast majority being shorts. This short squeeze essentially meant shorts were carrying the longs. Coupled with U.S. stock spot ETFs attracting over $1 billion in inflows in a single week, institutions put real money on the line to support the bottom.
Amid the frenzy, one must stay clear-headed.
Currently, the price is still nearly 40% below the all-time high of 126,000 USD. While the surge repairs sentiment, it also plants the seeds for a pullback. The high-leverage longs piled up on the chart are no different from the previous shorts. If there is any change in U.S. bond supply or the Federal Reserve signals hawkishness causing a reversal in the liquidity narrative, these high-leverage longs will also be liquidated.
"The strongest weekly gain" has never been a safety cushion but rather an alternative measure of risk density. #BTC冲高后震荡，ETF资金持续流入 BTC Strength Does Not Mean Altcoins Are Ready
$BTC touched $79.5K and $ETH broke above $2.5K, yet $H, $LAB, $KAITO, $BEAT, and $SNDK remain weak. This reflects capital rotation, not a lack of momentum. Liquidity remains concentrated in large-cap assets, while altcoins face new supply, thin liquidity, and insufficient spot demand. $KAITO also faces supply pressure following a major unlock. The message is clear: the market is selective, and broad Altseason still needs confirmation. $COIN US stock common shares surged 8.20% in a single day, while the on-chain token only rose 1.16%, narrowing the cross-market premium to 0.86%. The current core conflict lies in the weekend's insufficient risk appetite in the broader market and the strong resistance at the $193.60 Bollinger upper band.
The token is currently priced at $188.10, maintaining a 0.86% positive premium compared to the common stock at $186.49. The Nasdaq 100 token rose only slightly by 0.29% during the same period, indicating that the macro risk appetite weighted in US stocks did not fully spread to the crypto market over the weekend.
In terms of driving factors, the US stock common shares' gains on Friday were not continuously confirmed by the weekend's on-chain spot market, with a buying vacuum caused by the macro market closure dominating. Technically, the RSI14 is at a neutral 53.0, the MACD death cross has not yet turned bullish, and the green bars are shortening, reflecting that selling pressure has only temporarily eased rather than a momentum reversal.
The bullish scenario requires the US stock common shares to continue strong high openings on Monday. If the token is effectively pushed by a short squeeze to break through the 30-period high of $192.55 and hold above the $193.60 Bollinger upper band, the premium rate will be lifted, and the technical structure will shift to bullish dominance.
The bearish scenario triggers if the US stock common shares face profit-taking or open high but close lower after the market opens. If the token falls below the MA7 and MA25 moving average supports, the current 0.86% premium space will be quickly compressed, and the token price will fall back to the common stock anchor zone at $186.49.
If the common shares open high and the on-chain premium rate breaks above 2.00%, or the four-hour MACD completes a golden cross confirmation above the zero line, the bearish premium squeeze judgment will be invalidated.
The most important observation variables in the next 24 hours are the actual opening price of the common shares after the US stock market opens on Monday and whether the 0.86% cross-market premium rate undergoes mean reversion.
#SPCX本周解禁3.19亿股，抛压能否被承接？ #BTC冲高后震荡，ETF资金持续流入 #黄金突破4600美元，债券避险地位受挑战20x ZEC in One Year: A Carefully Laid Trap for Retail Investors On August 23, 2026, ZEC closed at about $856. On the same day a year ago, it was less than $41. In 12 months, roughly 20 times increase. Just from August 21 to 23, the price surged over 50%. Social media was buzzing: "Privacy Coin Renaissance," "Institutions Entering," "The Next Bitcoin." This article aims to do a buzzkill: to break down every building block of this surge and then explain why—whether ZEC next rises to 1000 or 2000—the only correct move for retail investors is: do not participate. 1. First, what does the price itself say? The above chart shows ZEC's real price movement over the past year (Yahoo Finance daily data). Note its pattern: In October 2025, the "Privacy Renaissance" narrative ignited, pushing the price from $74 to $292 in less than a month; On November 16, 2025, it peaked at $698, then declined steadily by 67% over four months, returning near $230; In May 2026, news of the SEC ending its investigation triggered a rebound to $660, followed by another decline; From August 21 to 23, 2026, Grayscale's ETF filing combined with headlines "DCG plans to buy 200,000 ZEC" drove a 50% surge in three days. This is a typical event-driven impulse curve: each rally is ignited by news, and after each peak follows a long decline. The meaning of this curve is straightforward—rises rely onScumbag Weekend Special on OKB
Image 1: OKB Daily K-Line
Currently, OKB is above the annual moving average, and the other moving averages are also arranged in order, showing a very strong trend.
The OKB that Scumbag previously held was cleared near the annual moving average. Now waiting for an opportunity to get back in.
So let's look at the entry points.
From the trend line, the 92~95 range is a relatively good entry zone, and under extreme market conditions, around 70 is an excellent entry point.
Image 2: OKB 4-Hour K-Line
From this chart, we can see that since the 4-hour Vegas tunnel line golden cross, the price of OKB has not fallen below the tunnel line.
OKB's current status is similar to the early hype stage; 60% of its future performance depends on the growth of on-chain transaction volume, and 40% depends on OKX exchange's support for its traffic.
From a valuation perspective, OKB is currently priced at 110, with a fully diluted market cap of $2.31 billion.
Looking at Hype, currently at 81, circulating market cap around $2.05 billion, fully diluted market cap about $7.7 billion.
In terms of on-chain transaction volume,
OKB's current on-chain transaction volume is around 40 million to 100 million,
while Hype's on-chain transaction volume has reached the billion level.
The transaction volume difference is about 10 times, but the market cap difference is only 3 to 4 times, which is due to OKX's premium on OKB.
Overall, OKB still has considerable room for growth; a market cap of 20 to 50 billion is not a dream.
Corresponding price would be 950~2380 The recent performance of OKB perfectly exemplifies the saying "It doesn't follow the bull market frenzy, nor does it panic during a market crash." In the extreme market conditions where BTC surged 15% in just a few days and then sharply plunged, OKB consistently traded sideways within a narrow range of $105-$112. As of August 23, the current price is about $110, with a cumulative increase of only around 6% over the past 7 days—neither keeping up with BTC's gains nor falling sharply with mainstream coins, it has established an independent "stable" trend. This is the result of the combined effects of its asset characteristics, capital rhythm, and fundamentals.
1. Why does OKB remain stable within a range while $BTC fluctuates wildly?
1) Major positive catalysts have already been priced in, entering a short-term catalyst void
The two core upward logics for OKB over the past year have been fully priced in, with no new unexpected stimuli:
- Deflationary base clearly stated: A one-time burn of 65.25 million OKB in August 2025, permanently locking the total supply at 210 million, and the smart contract removing the minting function. The scarcity logic comparable to BTC has been implemented, representing a "long-term positive but no short-term increment";
- Valuation benefits digested: The news in March 2026 that Intercontinental Exchange (ICE) took a stake in OKX, valuing the platform at $25 billion, once pushed OKB from $77 to $120 rapidly. Since then, no further capital moves have occurred, and the sentiment boost has been exhausted.
In the past month, there have been no unexpected burn announcements or explosive progress in the X Layer ecosystem, lacking a trigger for an independent rally. Capital has no reason to actively push the price up and naturally chooses to trade sideways and observe.
2) Capital seesaw effect: drained during rises, sought as a safe haven during falls
This is the core reason for OKB's divergence from the broader market, perfectly matching the previously observed pattern of "mainstream coins spiking and platform coins fluctuating":
- During BTC's surge: speculative funds inside the market collectively sell platform coins, withdrawing capital to chase BTC and highly volatile altcoins. OKB experiences capital outflow and underperforms the market;
- During BTC's sharp drop: funds exit high-volatility assets to seek safety, with some flowing into OKB, which has real performance backing and less selling pressure, as a temporary safe haven. Combined with its prior lagging gains and limited profit-taking, it doesn't fall deeply and may even show slight counter-trend fluctuations.
The opposing forces of rise and fall offset each other, resulting in the current sideways balance.
3) Pricing anchor returns to fundamentals, with lagging performance transmission
OKB's core value support is always tied to OKX's trading fee revenue and buyback burns. Although BTC's recent volatility caused a short-term surge in trading volume, the market is still watching whether the "high heat can be sustained"—only when spot and futures volumes remain high for a long time, platform performance genuinely improves, and market expectations for next quarter's buyback burns rise, will OKB's price receive sustained fundamental support.
Currently, it is still in the transmission gap of "market fluctuation → performance realization → price feedback," and the market is reluctant to overextend expectations prematurely, opting to digest positions through oscillation.
4) Technical chip balance with clear boundaries above and below
The current price is exactly in the comfort zone for both bulls and bears, making it difficult to break without incremental capital:
- The upper $115-$120 range is a high point lock-in zone brought by the previous ICE positive news. Every time the price rebounds to this range, it faces selling pressure from unlocking positions;
- The lower $100-$105 range is a long-term strong support and a recognized accumulation zone for long-term capital. When the price dips here, spot buy orders step in to support.
Without new catalysts, neither side can break through the other's defense line, resulting in repeated turnover within the $105-$112 small range.
2. What’s next for OKB? Two key breakout signals to watch
OKB's current "stability" is not stagnation but a buildup phase before market rotation. Breaking the balance requires two core conditions:
1) The broader market enters a high-level sideways phase, with capital rotating outward: If BTC stabilizes around $75,000 without violent surges or drops, market sentiment shifts from "clustering on BTC" to sector rotation. FOMO capital will gradually flow into platform coins like OKB, which have lagged behind, opening a catch-up window. The first target resistance is the $120 zone.
2) Sustained trading heat validates and performance expectations rise: If the entire network's futures volume remains high for a long time, combined with OKX releasing better-than-expected quarterly burn data or a significant increase in X Layer ecosystem TVL, the fundamental logic will be repriced, driving OKB into an independent upward trend.
Conversely, if BTC continues to fall sharply, breaking the core support at $70,000, overall market liquidity contracts, and OKB will eventually follow with a supplementary drop. However, due to fundamental and long-term capital support, the decline will be significantly less than mainstream coins and altcoins.
3. Operational reference
- Holders need not trade frequently; OKB's downside is limited at the current level, making it a relatively defensive asset in the market. Patience to wait for sector rotation is advised;
- Prospective buyers can accumulate spot positions gradually in the $103-$105 range, with stop-loss set below $98 for a better risk-reward ratio;
- High leverage short-term trading is not recommended, as the narrow oscillation increases the probability of stop-loss triggers. Spot trading offers much better cost-effectiveness than futures.
Risk warning: This article is for market logic analysis only and does not constitute any investment advice. Cryptocurrency markets are highly volatile; please assess risks rationally and make decisions cautiously.The macro market this week is actually more worth studying than simply looking at the rise and fall of the US stock market or BTC. In less than a month, multiple market-stabilizing actions have been taken at the policy level: from exchange rate interventions to increasing the scale of Treasury repurchases, the core purpose is to alleviate financial market pressure. However, the market's feedback has not been very positive—the long-term US Treasury yields remain high, with the 30-year yield once again approaching the 5.2% range, indicating that the real problem is not short-term liquidity but the massive debt and financing costs. The US government debt has exceeded $39T and has continued to grow rapidly over the past year; meanwhile, overseas investors have also changed their allocation to US Treasuries. More noteworthy are the capital flows: 🟡 Gold continues to stand near historical highs, becoming an important destination for traditional safe-haven funds. 🟠 BTC has rebounded rapidly recently, with a weekly increase of over 20%, once again becoming a key asset in global liquidity trading. 🔵 Long-term bonds have not shown sustained strength despite policy support. This sends a very important signal: the market is increasingly concerned not just about "whether interest rates will fall," but about monetary purchasing power and sovereign credit itself. If inflation, debt expansion, and fiscal deficits continue to remain high in the future, simply holding cash and long-term bonds may not be the optimal solution. Capital will naturally seek assets that cannot be infinitely issued by governments. This is also why gold and BTC are both attracting attention. The logic of BTC is gradually shifting from being purely a "high-risk asset Beta" toward digitalMonday morning session once again captured the wave ✅
Predicted resistance zone at 4625‑4635 with stagnation and pullback, the market moved exactly as expected, smoothly hitting the target range.
The market is rising all the way, and bullish sentiment is strong, but it's precisely at times like this that you need to stay clear-headed.
The rally won't last forever; recognizing high-level signals and avoiding chasing the highs allows me to be cautious while others are greedy. #BTC冲高后震荡，ETF资金持续流入 #ETH触及2500美元后震荡 #英伟达AI服务器或涨价超15% If $OKB is the "rock-solid" in this round of market turbulence, then $ZEC is the completely detached "lone warrior"—while BTC oscillates between $76,000 and $78,000 and mainstream coins jump up and down, ZEC has launched an independent main upward trend, with a cumulative increase of over 74% in the past 7 days and nearly 70% in 30 days. Its current price has surged to around $830, and its market capitalization has directly entered the top 11 among cryptocurrencies, becoming the most anomalous dark horse in this round of differentiated market conditions.
1. Why does ZEC surge against the trend while the overall market is sideways and volatile?
Its upward logic is completely different from BTC and OKB. The core is the breakthrough in compliance expectations plus valuation repair in its sector, combined with the leverage amplification effect of its small-cap nature, making it a typical "narrative-driven independent market."
1. Direct trigger: Grayscale advancing spot ETF, breaking regulatory taboo expectations
This is the core catalyst for this round of rise. Grayscale recently officially submitted an application to convert the Zcash Trust into a spot ETF, allowing the market to see for the first time the possibility of "privacy coin compliance."
Before this, privacy coins have always been a key target of regulatory crackdowns, blocked from institutional compliance doors, and their valuations have long been suppressed. Once the ETF is launched, it effectively opens the door for institutional funds to enter tokens with privacy attributes, directly reconstructing the valuation logic, with funds entering early to position for this zero-to-one expectation.
2. Regulatory environment shift, overall valuation repair in the privacy sector
With the advancement of the U.S. "Digital Asset Market Clarity Act," the market's overall expectation for crypto regulation has shifted from "comprehensive crackdown" to "classified regulation." The privacy sector, which was previously most heavily suppressed by regulators, is now experiencing systemic valuation repair.
ZEC, as the largest Grayscale holding with the best compliance foundation among leading privacy coins, naturally becomes the preferred target for capital speculation in this sector, simultaneously driving the entire privacy coin segment including DASH and ZEN to strengthen collectively, creating a sector trend completely unrelated to the overall market.
3. Small-cap low liquidity + leverage boost, amplified gains
ZEC has a total supply of only 21 million coins, with a current circulating supply of about 16.8 million coins. It has long been a niche asset with high concentration of holdings and a very light market depth, so a small amount of incremental funds can leverage a large price increase.
Combined with leverage from the derivatives market, the current open interest of ZEC contracts is close to $2 billion, with contract holdings accounting for over 13% of the circulating market value, far higher than BTC's leverage level. After high-leverage funds enter, a short squeeze forms, further amplifying the gains—this explains why its rise is much more intense than BTC, essentially a result of small-cap plus high speculative leverage.
2. Risks of this rally: the faster it rises, the faster it can fall
ZEC is nicknamed the "Doomsday Vehicle" in the community, historically known for "violent rises and falls, coming and going like the wind." The risk points of this rally are very prominent:
1. Excessive leverage concentration, high risk of a crash
Currently, there is a large accumulation of high-leverage long positions in the market. Once sentiment turns and profit-taking concentrates, it can easily trigger a chain reaction of forced liquidations and a cascading long liquidation event. Its market depth is far shallower than BTC, so its ability to absorb selling pressure is much weaker, and the decline speed is often faster than the rise. Past trends show that short-term halving of price is not uncommon.
2. ETF is only an expectation, with high uncertainty for approval
It is currently only at the early stage of "application submission," and there is still a long process before the SEC officially approves it. Negative news such as rejection or delays can occur at any time. Privacy coins are much more sensitive to regulation than BTC, so whether the ETF can ultimately be launched is highly uncertain. If expectations are dashed, the rally will quickly fade, and everything will return to dust.
3. No substantial fundamental improvement, purely narrative-driven
On-chain data shows that the proportion of shielded address transactions in ZEC has long been low, and the real network usage demand has not increased in line with the price rise. This rally is entirely driven by compliance expectations plus speculative sentiment, without real business growth support. Once the narrative fades, the price can easily fall back quickly.
3. Subsequent trend and operational reference
In the short term, ZEC will maintain a relatively independent trend with low correlation to BTC: as long as BTC does not experience a market-wide liquidity crisis with a sharp crash, market hotspots will continue to spread to small-cap sectors, and ZEC, as the privacy coin leader, will still enjoy sentiment premium; but if BTC breaks key support and triggers a market-wide sell-off, ZEC will fall much more than BTC and mainstream coins due to poorer liquidity, and it does not have true downside resistance.
The current price is already close to the short-term strong resistance at $860, with technical indicators in the overbought zone, indicating a need for a technical pullback. The first strong support below is near $760.
- Holders: It is recommended to take profits in batches and set trailing stop losses. It is not advisable to hold stubbornly until the end, as narrative-driven market turning points often come very quickly.
- Interested participants: Absolutely do not chase the high. If you want to participate, wait for a pullback to support and stabilize before trying small positions, and strictly avoid high leverage.
- Long-term allocation: Not suitable as a value asset for long-term holding. Its nature is more of a sector speculative tool, with volatility and risk far higher than mainstream coins. #ZEC创站内历史新高，隐私资产重估
Risk warning: This article is only a market logic analysis and does not constitute any investment advice. The cryptocurrency market is highly volatile; please assess risks rationally and make decisions cautiously.⚠️Why it is by no means "steady" and carries great risk
1. Large unlocking pressure from the team and investors
50% of the total tokens are allocated to the team and investors, unlocking starts at the end of 2026, which will create potential selling pressure later, and the market will price in this risk in advance.
2. Highly dependent on trading volume
The foundation of the price increase is fee buybacks; once DEX trading volume shrinks, buyback support weakens, and the price is prone to losing support. Historically, there have been phases where a sharp drop in trading volume was accompanied by a steep price decline.
3. Crowded leveraged derivatives
LIT derivatives positions are very high, with a large amount of leverage. Once the market turns bearish, it will trigger a chain of liquidations, causing single-day drawdowns of 20-40%.
4. Intense competition in the sector
Fierce competition with leading DEXs like Hyperliquid; if market share is taken away, revenue will be directly affected.
Summary
The essence of LIT's price rise: fee buyback and burn bring continuous passive buying + small circulating supply, allowing a small amount of capital to pump the price + narratives, whales, and external partnerships bring active buying.
But this is a high-risk speculative token, with no truly "steady rise," and the market can reverse very quickly. In the past week, U.S. spot Bitcoin and Ethereum ETFs recorded a combined net inflow of $2.6 billion, marking the strongest weekly performance since October 2025. Among them, Bitcoin ETFs contributed $1.918 billion, while Ethereum ETFs attracted $697.2 million. Bitcoin once approached the $80,000 mark; it's hard to imagine a week ago people discussing a drop below $60,000 and a crash toward $50,000. $BTC Last week, we discussed that if this round of rally lacks sustained capital, another wave of capital is likely to follow, but now the data temporarily overturns that judgment. Moreover, this round of capital inflows has a notable feature: it is not evenly distributed but is highly concentrated among leading ETF products. For example, IBIT contributed about $1.09 billion over four trading days, representing a significant portion of total inflows. This concentration indicates that large institutional funds with clear allocation needs are entering the market, rather than retail investors buying. Previously, demand for Bitcoin ETFs had been weak for most of the year, and the decline at the start of the year left this key buyer out of the market for a time. This week's $1.9 billion inflow means this channel has reopened. Additionally, signals from the derivatives market are also worth watching. While Bitcoin's price rose by 10% to 11%, open interest increased by only about 4%, with funding rates remaining close to neutral. Analysts point out that this means the rebound is mainly driven by spot buying and short covering, rather than new leveraged funds entering the market. Leverage-driven rallies are usually accompanied by open interest rising in sync with prices, but this time it did not$MORPHO is not an ordinary lending protocol; it is DeFi credit infrastructure. The current price fluctuates roughly between $2.1 and $2.8 (recently surged over 20% in a single day), with a market cap of about $1–1.5B, a higher FDV, and an ATH around $4.17 (January 2025). TVL remains steady at $8–9B+, with significant contributions from the Base chain and active stablecoin lending. Its core positioning is clear: a permissionless market (Morpho Blue) + curated Vaults, serving as the backend lending engine for Coinbase ($COIN), Robinhood ($HOOD), Uniswap, and others. It does not seek to drive traffic itself but is embedded by major platforms, resulting in low customer acquisition costs and high stickiness. Latest developments include ongoing institutional and distribution rollouts: Robinhood Earn, Uniswap Earn, Coinbase crypto-collateralized loans, Bitget collaboration, privacy protocol integration (Zama), etc. The fixed-rate product Midnight launched on Base, further opening the credit market. In June, it completed a $175 million funding round (led by Paradigm, a16z, Ribbit) with a valuation of about $2 billion. On-chain signals are positive—mid-August saw a single-day outflow of 5.59M MORPHO from exchanges (the largest outflow since trading began in 2024), with 4.35M outflows in July as well, indicating clear whale accumulation and reduced floating supply. Meanwhile, P$BTC $ETH #ETH触及2500美元后震荡 As of 08:36 on Monday, August 24, 2026, BTC is quoted at $77,697 (weekly increase +23%, intraday high reached 79,520), ETH is quoted at $2,458 (weekly increase +30%, once broke 2,500). After a weekend spike, the Asian session opened and retracted to the 77k midpoint. This is not a bearish reversal but a "bear squeeze first wave" switching to a "devaluation trade + ETF continued inflow second wave" turnover. 🌍 Latest international news (morning of 8/24) The lingering effect of the US Treasury's "invisible QE": Basent will increase long bond repurchases from 2 billion to 4 billion per transaction, 10Y yields return to 4.74%, 30Y at 5.27% remain high, the US dollar index at 98.8 — unable to suppress the long end but igniting "de-dollarization" expectations, gold above 4600, BTC moving in tandem with currency devaluation trades. Jackson Hole countdown: 8/27 (Thursday) Wash's debut speech, market pricing in a 25bp rate hike in December; dovish hints → surge to 85k, neutral → grind at 78k, hawkish → retreat to 70.8k. Regulatory sweeteners extend life: Trump urges CLARITY Act vote in September, SEC issues 60-day public comment on Reg Crypto, Nomura Laser Digital obtains Japan's first institutional license in 4 years, Standard Chartered raises BTC year-end target to 126,000. ETF real money inflows: From 8/17 to 8/21, BTC ETF net inflow exceeded 1 billion in a single week, BTC+ETH combined 2 BTC and ETH: Relative Capital Strength Difference Hides the Divergence Code of This Rally
In this rally, ETH significantly outperformed BTC with a weekly gain of over 30% compared to BTC's 20%, with the price gap widening to more than 10 percentage points at one point. The market generally attributes this to ETH's high elasticity, but overlooks the core divergence logic behind it: the relative inflow strength of ETF funds and the degree of supply contraction are on completely different scales for the two. In absolute capital terms, BTC leads by a wide margin, but in terms of capital inflow intensity relative to their market caps and supply contraction strength, ETH holds the advantage. This difference is the fundamental code behind the divergence in this rally.
First, looking at BTC, it is the absolute capital king but relatively weaker in strength. On the capital side, last week the US spot BTC ETF had a net inflow of about $1.92 billion, marking the highest single-week record since October 2025. The absolute volume accounts for more than 70% of the total inflows of the two ETF types, with a very distinct feature of concentrated accumulation by leading institutions. However, looking over a longer timeframe, BTC spot ETFs have still seen a cumulative net outflow of about $2.9 billion so far in 2026. This week's massive inflow appears more like a corrective replenishment after continuous outflows in the first half of the year, rather than a trend reversal with comprehensive new capital entering.
More importantly, the relative capital strength: BTC's total market cap is about 5.3 times that of ETH, but the ETF inflow scale is only 2.7 times that of ETH, corresponding to a capital inflow intensity per unit market cap of only about half that of ETH. This means from the perspective of capital-driven effects, BTC's upward efficiency is lower and requires more capital to drive the same price increase. This is reflected in the market as a typical institutional rally characteristic: a gentle pace of rise, each step accompanied by sufficient turnover, small intraday pullbacks, and solid support below. When the price approaches the $80,000 psychological level, the trapped positions between $78,000 and $82,000 formed at the end of 2025 are released in concentration, creating strong resistance. This determines that BTC is unlikely to break new highs in one go and is more likely to gradually digest selling pressure through a choppy upward trend. Technically, $75,000 is the core cost line for institutional positions in this rally and also a strong support level; holding this level keeps the medium-term bullish bias intact.
Next, ETH, although smaller in absolute capital, benefits from a dual resonance of relative strength and supply contraction, becoming the core driver of its outperformance. On the capital side, last week the spot ETH ETF had a net inflow of about $700 million, also hitting a nearly ten-month high. The absolute volume is only about one-third of BTC's. But ETH's total market cap is only 18.8% of BTC's, and the ETF capital inflow intensity per unit market cap reaches about twice that of BTC, significantly amplifying the capital-driven effect. This is the direct reason for ETH's larger gains in this rally.
Structural supply contraction further amplifies the upward elasticity. On-chain data shows that Ethereum staking has surpassed 41.4 million coins, accounting for 34.4% of the total supply, a new all-time high, with more than one-third of circulating tokens locked long-term in staking contracts. Meanwhile, ETH balances on exchanges have dropped about 10% year-to-date, reaching lows not seen since 2015. A large amount of tokens have moved from exchanges to staking contracts and self-custody wallets, continuously reducing the tradable supply in circulation. Enhanced capital inflows on the demand side combined with shrinking circulating supply on the supply side jointly drive rapid price increases, naturally giving ETH much higher elasticity than BTC. However, this rally also has a clear emotional component, with a high proportion of derivative leverage funds. Once upward momentum slows, profit-taking leads to larger pullbacks, as evidenced by ETH's weekend decline nearly twice that of BTC. Technically, the $2380-$2400 range is a short-term dense support zone; a decisive break below this will open up room for correction.
Overall, the essence of this rally's divergence lies in the difference in capital strength and supply structure: BTC follows an absolute capital-driven institutional allocation repair logic, steady and persistent; ETH follows a relative capital plus supply contraction elasticity game logic, more volatile but with stronger pulses. With the Jackson Hole global central bank conference approaching, the market is entering a policy wait-and-see period, and this divergence is likely to continue.
In terms of strategy, the two require different approaches: BTC is suitable for a mid-term allocation mindset, continuing to hold the base position, buying in batches on pullbacks to support zones, avoiding blind chasing or easy shorting; ETH suits a swing trading approach, taking profits in batches at resistance zones, waiting for pullbacks to stabilize before considering buying dips, strictly controlling position size and leverage to avoid catching tops in highly emotional phases. $BTC $ETH $TRUMP #BTC冲高后震荡，ETF资金持续流入 #ETH触及2500美元后震荡 #英伟达AI服务器或涨价超15% #ZEC hits a new all-time high on the site, privacy asset revaluation
$ZEC is very strong, but leverage has also gone crazy, don’t use your own principal as fuel for the shorts!
ZEC is really fierce this round: on August 22, it surged to $855 at one point, a new high since 2018. The 24H contract trading volume even reached $9.54 billion, while spot volume was only about $1.06 billion, and open interest was about $1.8 billion, indicating a strong presence of leverage in this rally. A bigger catalyst is that Grayscale has advanced the Zcash Trust towards a “Zcash ETF,” expected to seek trading on NYSE Arca around August 25; meanwhile, Cypherpunk has acquired about 18% of the total network hash rate.
My strategy: don’t chase above $800, observe support between $780–$800 on pullbacks; if volume increases and it stabilizes above $855, then look towards $900–$1000. The ETF launch would confirm the trend; if it doesn’t happen, it’s just “expectations driving the price up first.”The line between the US and Iran has escalated again #美伊谈判推进，油价跌破80美元
US Treasury Secretary Bessent is preparing to announce a new round of sanctions on Iran, describing this action as an "economic D-Day" against Iran. The focus is not only on continuing to sanction Iranian companies but also on further tracking and targeting countries, companies, and financial networks still trading with Iran.
Iran's response is also very direct: if the US continues to increase economic pressure, it may take measures to block oil exports from the Gulf region.
Interestingly, Brent $BZ is still around the $90 mark and has not priced in the worst-case scenario.
I think this is actually where the risk lies.
Because the Strait of Hormuz has already seriously affected global energy transportation, if the US next expands secondary sanctions to Iran's trade partners, the issue will escalate from "whether ships can pass" to "who still dares to buy Iranian oil, who still dares to help settle and transport it."#美国PMI创四年新高，9月加息分歧升温
The impact on the crypto space is twofold.
First, the macro headwinds are accumulating. A stronger PMI means the Federal Reserve will find it harder to pivot to easing, and expectations for rate cuts are slow to build. For BTC to break through 80,000, it will have to rely on its own narrative, the CLARITY Act, ETF inflows, and Trump’s policies, rather than the macro environment.
Second, the economy not entering a recession itself is a support. A strong PMI indicates corporate profits haven’t collapsed, so risk appetite won’t be too poor. BTC’s current sideways movement is largely related to the fact that the US stock market hasn’t crashed. But a stronger PMI also means the window for rate cuts is pushed further out, blocking short-term valuation expansion.
In short, a PMI exceeding expectations is a double-edged sword for risk assets. A strong economy supports profits, but no rate cuts suppress valuations. For cryptocurrencies, this means continued high-level volatility in the short term, and the direction needs more catalysts. The vote on the CLARITY Act on September 15 is the next key milestone. Be patient; a big opportunity is coming soon.
$BTC $ETH $DOGE BTC's strength does not mean altcoins are ready yet
$BTC reached $79.5K, $ETH broke through $2.5K, but $H, $LAB, $KAITO, $BEAT, and $SNDK remain weak. This reflects capital rotation, not a lack of momentum. Liquidity is still concentrated in large-cap assets, while altcoins face new supply, thin liquidity, and insufficient spot demand. $KAITO also faces supply pressure after a major unlock. The message is clear: the market is selective, and a broad altcoin season still needs confirmation. BTC went from 64K to 79.5K, covering in two weeks what others take half a year to do, so what now? Have you noticed that when everyone starts discussing the same thing, it often means the move is already mostly done? Let me start with a data point: BTC surged over 24% in two weeks, ETH once spiked 25% in a single week before starting to retrace. This is not an ordinary rally; it’s the result of a triple force: bond market liquidity, continuous ETF inflows, and shorts being repeatedly squeezed. But the problem lies exactly here—when these three bullish factors appear simultaneously, the market has actually priced in the most optimistic scenario in advance. My own feeling is that the current market looks like a glass filled too full of water—one more step and it will overflow. The move from BTC 64K to 79.5K had almost no decent pullbacks; this kind of move feels great emotionally but is structurally fragile. Because a rapid rise means that the cost basis of chips is highly concentrated at the top, once momentum slows, the stampede of profit-taking and chasing buyers will look very ugly. So I’m not in a hurry to chase; I’m watching a few more critical levels. - Whether BTC can hold the 74K to 76K range, which determines if the mid-term trend framework still stands - Whether ETH can stabilize around 2.3K to 2.35K, as the breathing rhythm of altcoins actually depends on it - Whether selling pressure is decreasing during pullbacks, which tells more than volume expansion during rallies If BTC can break through 80K with volume, and ETF I also tend to agree with Bitfinex's assessment. $BTC has risen over 20% this week, but the contract funding rate only briefly spiked during the breakout and then quickly dropped back down. There hasn't been a situation where the price rises and the leveraged longs become increasingly crowded. Normally, if this rally was mainly driven by contract funding, the funding rate would stay at a relatively high level, but this structure clearly isn't like that.
Two other data points are also worth noting. Spot CVD has remained relatively strong during this period, indicating that there are indeed buyers continuously absorbing supply on the spot side; Coinbase Premium had been significantly negative for a long time but has recently been narrowing quickly, now hovering near zero and occasionally turning briefly positive, though it hasn't formed a sustained positive premium yet.
So, I think the structure of this BTC rally is still relatively healthy: the price has risen a lot, derivatives are not obviously overheated, and spot buying has actually remained quite strong. If Coinbase Premium can continue to turn positive, it would indicate that spot buying in the US has truly returned.The rise of BTC from 64K to 80K has already been priced in, and the market is now repricing the direction of the next capital deployment rather than the sustainability of that rise. The key question in this range is who holds on and who exits, but where is the capital moving now? The original text illustrates the post-Bitcoin surge consolidation around 77K, ETH's sluggish trend, the typical profit-taking pattern of altcoins, and the relative strength of exchange coins in one picture. To summarize the facts: - BTC surged sharply from 64K to 80K in the short term and has since been consolidating around 77K. - ETH showed a relatively slower pace during BTC's rise and experienced more pronounced declines during the consolidation phase. - Some altcoins (such as BICO) exhibited a pattern of rising, attracting inflows with positive news, then gradually declining. - OKB defended the 110 support level and rose to 180, while BNB held the 700 support level with a mid-to-long-term target of 1200 suggested. - St🗓 Bitcoin Weekly Outlook｜PCE + Jackson Hole Set the Tone, Focus on the 80,000 Level!
Brothers and sisters, BTC rose more than 22% last week, marking the largest weekly gain since March 2024. It surged from 62,800 straight toward 80,000, with shorts liquidated over $3 billion.
However, after the rally, this week is the real test for the bulls. A series of important events and data releases this week could cause significant price volatility for Bitcoin.
1. Key Financial Events This Week
Three events will directly determine BTC's short-term direction this week:
🔥 Event 1: August 26 (Tuesday) US July PCE Inflation Data + Q2 GDP Revision
On Tuesday evening Beijing time, the US will release July Personal Consumption Expenditures (PCE) Price Index and the second estimate of Q2 GDP. This is the Fed's most closely watched inflation indicator.
Market impact path:
🔶 Moderate PCE (in line with expectations) → Rate cut expectations consolidate → Positive for BTC, likely to retest 80,000;
🔶 PCE exceeds expectations → Inflation stickiness concerns rise → May trigger profit-taking.
🔥 Event 2: August 28 (Thursday) Jackson Hole Global Central Bank Annual Meeting
Fed Chair Wash will deliver a keynote speech on August 28. A Bank of America survey shows 69% of fund managers expect Wash's tone to be neutral.
TD Securities analysts note that if Wash emphasizes inflation credibility, support for the dollar will be limited; but if he fails to adequately address inflation concerns, the dollar may face significant downside pressure. A weaker dollar is bullish for BTC.
🔥 Event 3: August 26 After US Market Close Nvidia Earnings
Nvidia's Q2 earnings will also be released after Tuesday's market close, with options markets expecting about ±10% volatility post-earnings. As a core indicator of AI computing power, its earnings may influence tech stock sentiment, which could then affect BTC risk appetite.
2. BTC Price Analysis and Projection This Week
Core observation range this week: 75,000-80,000
Resistance above:
🔶 78,500-79,500: Short-term pressure zone, the level where price pulled back on Friday;
🔶 80,000: Key psychological level + near the 50-week moving average, an important resistance widely watched by the market.
Support below:
🔶 75,000-76,000: First line of defense; if held, the high-level consolidation structure remains intact;
🔶 72,600-73,000: Fibonacci 78.6% retracement level, deeper pullback support.
Price path projections:
Path 1 (50% probability): Moderate PCE, test 80,000 then pull back.
If PCE meets expectations, the market prices in rate cuts, and BTC retests the 80,000 level. However, the 50-week moving average and trapped positions create heavy resistance, so after the rally, a pullback to 75,000-76,000 to confirm support is likely.
Path 2 (30% probability): PCE exceeds expectations, pull back to 73,000-74,000 first.
If inflation stickiness exceeds expectations, the market reprices rate hike expectations, and BTC pulls back near 73,000-74,000. If 73,000 holds, the pullback could be a buying opportunity for spot positions.
Path 3 (20% probability): Wash dovish, volume breakout above 80,000.
Moderate PCE + Wash signals dovish tone, BTC breaks above 80,000 with volume and weekly closes above the 50-week moving average, confirming a phase D breakout, targeting 82,000-83,000.
3. Strategy Reference
This week is data-heavy, with volatility expected to increase significantly. Position management is more important than directional judgment.
Bullish strategy:
Light buying on volume contraction and stabilization in the 75,000-76,000 range, stop loss below 74,000, target 79,000-80,000. If volume breaks above 80,000 and holds, add on the right side.
Bearish strategy:
If resistance signals appear near 79,500-80,000 (long upper shadow/solid bearish candle), light short positions can be tried, stop loss at 81,000, target 77,000-75,000.
Conservative strategy:
Wait for both PCE (August 26) and Jackson Hole (August 28) data to be released and direction to become clear before acting. Missing the start is not scary; making the wrong move is.
This week is a macro validation week: PCE and Wash's speech will decide whether this 22% rebound is the end of a short squeeze or the start of a bull market. The verdict will be at 80,000.Last week, US Treasury yields surged, startling the entire market.
This week (August 24–28) is even more exciting.
AI earnings reports and the Federal Reserve's stance will be revealed in the same week.
Let me outline a few key points.
//
On Wednesday night, Nvidia (NVDA) will release its earnings after market close.
This is the most important event of the week, bar none.
Wall Street expects revenue of $91–95 billion, nearly doubling year-over-year.
But the numbers themselves are not the main focus.
What everyone is really anxious about are three things:
➢ Whether the chip upgrade goes smoothly — the transition from Blackwell to the next generation Vera Rubin
➢ Whether data center orders are still booming
➢ Whether the gross margin can stay around 75%
(Explanation: Gross margin means how much profit is left from every $100 sold. 75% is already very high, and the market fears it might drop.)
If Nvidia’s guidance for next quarter exceeds expectations → people will think AI investment is far from over and continue buying.
If the guidance is even slightly conservative → high-valued tech stocks might all fall together.
On the same day, Salesforce and CrowdStrike will also report results.
This means the entire AI software sector will be tested: are you really making real money from AI?
//
Macroeconomic data is also concentrated this week.
Core PCE and GDP revision values will be released back-to-back.
You can understand PCE as the inflation indicator the Federal Reserve cares about most.
If this number is high → it means inflation hasn’t come down yet, and interest rates could... Thị trường vừa đảo chiều bất ngờ, khiến phe bán không kịp trở tay. $ETH được kỳ vọng sẽ giảm xuống dưới 2.350 USD trong phiên sáng để mang lại lợi nhuận cho vị thế short, nhưng diễn biến thực tế lại đi ngược dự đoán. Đến chiều, giá bật tăng trở lại mạnh mẽ, biến lệnh đang xanh thành đỏ lòm chỉ trong tích tắc. Không chỉ Ethereum, $BTC cũng đồng loạt leo dốc. Cặp đôi song sinh một lần nữa cho thấy sự đồng thuận hiếm có khi cùng lúc đẩy giá lên, khiến phe bán gần như không thể ngẩng đầu. Tâm lý bị $ETH Ethereum has recently surged strongly, breaking through $2500 and maintaining a high level above $2400, with on-chain whales voting with their positions.
Currently, among the top ten contract holding addresses on the Ethereum chain, excluding the short hedge addresses of Abraxas Capital and Fasanara Capital, and excluding the market-making address of Wintermute, the remaining six major whales are collectively bullish, with a total long position reaching $359 million.
Notably, the "819 ETH Insider Whale" who precisely opened a long position before the 819 surge still holds their position, with a position size of $48.85 million, unrealized profits exceeding $10 million, and has not reduced their holdings.
Additionally, after the 819 rally on the 19th, the on-chain open contracts for ETH slightly declined on the 22nd, but today they have again surpassed $2 billion. Further significant volatility is expected. The on-chain liquidation map shows that bulls and bears are evenly matched, with resistance levels close between an upward breakout at $3000 and a drop to $2000.Full-day Review
In the past 24 hours, BTC moved from $77,121.10 to $77,546.10, closing up +0.55%, with a volatility range of 3.25 percentage points.
The highest point was $78,065.70, the lowest point $75,559.50, with a trading volume of $413.33M, featuring at least 3 rounds of long and short battles.
Across the market, 107 assets rose while 27 fell, with rising assets accounting for 79.9 percentage points, showing clear profit-taking sentiment.
Sector Overview:
GameFi sector average 0.00%, representative tokens: $AXS flat, $SAND flat
Privacy coin sector average 0.00%, representative tokens: $XMR flat, $ZEC flat
Exchange token sector average 0.00%, representative tokens: $OKB flat, $BNB flat
Legacy/Litecoin sector average 0.00%, representative tokens: $LTC flat, $BCH flat
Total market trading volume was $1.86B, with a volume change of +5 percentage points compared to the previous 24 hours.
Strongest token $SPK +31.48%, weakest token $AEON -10.97%, with a strength gap of 42.5 percentage points.
Summary: BTC closed positive, sectors showed some divergence but overall sentiment is not bad. Next, we will see if trading volume can continue to keep up.
Public market data, not investment advice, please judge for yourself.
That's all for the market overview, handle it as you see fit. $BTC consolidation after surge, continuous inflow of ETF funds The biggest change in this market cycle is not the price increase, but the structure of the buying side
After $BTC quickly broke through $70,000 and surged to above $72,000 at its peak, it has now entered a high-level consolidation phase.
If you only look at the price, it’s easy to interpret this as weakness after the surge. But what I’m more focused on is not the short-term candlesticks
#BTCETFInflowsSurge #ETHTests2500 #BTC consolidation after surge, continuous inflow of ETF funds The biggest change in this market cycle is not the price increase, but the structure of the buying side
After BTC quickly broke through $70,000 and surged to above $72,000 at its peak, it has now entered a high-level consolidation phase.
If you only look at the price, it’s easy to interpret this as "weakness after the surge." But what I’m more focused on is not the short-term candlesticks, but the changing source of funds behind this rally.
In the past few days, BTC’s initial rise was indeed accompanied by a clear short squeeze. During the breakout, there was large-scale liquidation of short positions, which temporarily accelerated the upward momentum. However, if the rally was purely driven by a short squeeze, normally after the shorts are cleared, the buying pressure should quickly diminish.
What’s noteworthy now is:
The price is consolidating, but ETF funds continue to flow in.
Last week, the US spot BTC ETF saw a net inflow of about $1.9 billion, and the ETH ETF recorded a net inflow of about $697 million during the same period, attracting a combined total of approximately $2.6 billion, marking one of the strongest weekly capital inflows this year. ETF trading volume also noticeably increased. (The Block)
On August 19 alone, the US spot BTC ETF had a single-day net inflow of about $517 million, the highest in three and a half months. (The Block)
This is why I believe the current BTC consolidation at high levels should not be simply interpreted as a market top.
Because there are actually two forces in the market now:
On one side, short-term profit-taking after BTC rapidly rose from around $64,000 to above $72,000; on the other side, ETFs, spot, and longer-term funds are continuously absorbing the supply.
Short-term funds want to cash out, but long-term funds are accumulating.
So the price stalling temporarily doesn’t necessarily mean demand has disappeared; it could just mean the market needs to complete a reshuffling of positions after a rapid rise.
Previous analysis also pointed out that although this BTC breakout above $72,000 was driven by large-scale short liquidations, spot and ETF demand also participated, and whether the $70,000 level can hold will be an important criterion to judge if the rally can evolve from a "short squeeze rally" into a sustained trend. (The Block)
Next, I will focus on two key levels.
If BTC can maintain above $70,000 after a pullback and ETF inflows continue, I am more inclined to interpret this as strong consolidation rather than the end of the trend.
But if ETF inflows start to noticeably decline and BTC falls back below the breakout zone, then a reassessment is needed: how much of the previous rise came from genuine incremental funds, and how much was just short covering creating short-term liquidity.
The real danger in the market is never that the price is too high, but that the price remains high while marginal buyers start to disappear.
At least from the current capital flow perspective, this signal has not appeared yet.
So rather than guessing whether BTC’s next candlestick will go up or down, I want to continue observing one thing:
After the short squeeze ends, can ETF funds truly sustain this rally?
If yes, then the nature of this market cycle might be completely different from an ordinary rebound. $BTC Now is not the time to chase the rally; it's time to consider who is secretly getting off the stock. Have you noticed that the more lively the market, the more unsettling it gets? Let's set the tone for this round first: this isn't trend acceleration, it's the final celebration before the leverage clearance. From the perspective of derivatives structure, the market is entering a period of "final battle" with a "final stretch" of competition, with weaker support as it rises. BTC surged from 64,000 to 80,000, up 16,000 points; ETH climbed from 1,800 to 2,500, still with 700 points of room left. It may seem like a bull market narrative, but open interest in the futures market has piled up to alarming levels. The steeper the rise, the longer the liquidation sequence becomes—this principle never fails in the derivatives market. - Currently, long leverage costs are rising rapidly, and funding rates remain high, indicating that most new positions entering the market are borrowed courage. - Bears are not absent, but the short positions near 64,000 are already deeply trapped. It's not that they don't want to run, they just can't escape. - The real danger lies with the long sellers who jump in midway; once the price starts to pull back, these are the first to be swept out. My own feeling is that this position is more like a stalemate where both bulls and bears are betting that the other side can't hold out first. On the surface, this appears to be positive news from continued ETF inflows, but in reality, the derivatives market has already entered a state of high volatility. The fiercer the price rises, the more painful it is when it corrects later. This is not mysticism, but the physical law of leveraged structures. After ETH touched 2,500, it began to fluctuate, and SOL also saw shrinking volume, indicating that funds have started#ETH fluctuates after reaching $2500; the real test is just beginning
The strength of this round of ETH rebound has clearly exceeded many people's expectations. From around $1900 in mid-August, it surged all the way up, approaching $2500 again within just a few days. This week's increase once exceeded 20%, and market sentiment quickly shifted from extreme caution to chasing gains. (FinanceFeeds)
However, I believe that the area around $2500 is actually the key position to observe in this rally.
This rise is not just a technical oversold rebound. After the U.S. Treasury expanded long-term bond repurchases, the market resumed trading on improved liquidity and a weaker dollar logic, with BTC, gold, and ETH all strengthening simultaneously; meanwhile, the U.S. spot ETH ETF recorded nearly $700 million in net inflows in the week ending August 21, indicating institutional funds are returning to ETH. (Reuters)
The problem is: after positive factors push prices up, the market ultimately has to face the chip structure.
ETH quickly rose from around $1900 to near $2500, with almost no sufficient turnover in between. The faster the rise, the more short-term floating profits accumulate below. Therefore, $2500 is not only a psychological integer barrier but also an important level to test whether this rally is a "trend reversal" or a liquidity-driven rapid recovery.
Next, I am more focused on two signals:
First, whether the price can hold near $2400 after a pullback. If the high-level consolidation digests profit-taking but the price remains above the breakout zone, this would be a healthy and strong consolidation.
Second, whether $2500 can truly convert from a "resistance level" into a "support level." Only if it breaks through and holds steady can the market have conditions to further open up upside space. Conversely, if repeated attempts to break $2500 fail and the price falls back into the previous breakout range, then caution is needed as this rapid rise may be entering a realization phase.
So now I won’t immediately call a new bull market just because ETH reached $2500, nor will I turn bearish just because of high-level fluctuations.
What’s truly worth trading is not the number "2500" itself, but the answer the market gives around $2500.
The rise proves funds have returned; the pullback will prove whether these funds are willing to stay.
What do you think? Is this ETH rally the start of a trend reversal or a strong liquidity-driven rebound?BTC Strength Does Not Mean Altcoins Are Ready
$BTC touched $79.5K and $ETH broke above $2.5K, yet $H, $LAB, $KAITO, $BEAT, and $SNDK remain weak. This reflects capital rotation, not a lack of momentum. Liquidity remains concentrated in large-cap assets, while altcoins face new supply, thin liquidity, and insufficient spot demand. $KAITO also faces supply pressure following a major unlock. The message is clear: the market is selective, and broad Altseason still needs confirmation. The Bloomberg All Metals Total Return Subindex (BCOMAMT) and the S&P 500 (SPX) have just recorded their highest 100-day correlation ever, with beta also on the rise. This unusual coupling may be a key signal for where commodities head next. 📉 My chart overlaying BCOMAMT and SPX on the same scale highlights what I call the "same-chart syndrome"—the metals index is now retreating from a valuation premium similar to the one seen at the 2022 highs. For context, in the first half of 2022, the correlLast week's market was very strong, with Bitcoin rallying from 63,000 along the Belt and Road to a high of 79,600, an increase of over 20% in one week, making it the strongest week in recent months. On the 23rd, there was a slight pullback, but the price still firmly held above 75,000.
There are four key points behind this surge:
First, after the price broke through the range, a large number of short leveraged positions were forcibly liquidated, and the forced buying further pushed the market higher;
Second, adjustments related to U.S. Treasury bonds, with U.S. bond yields falling, created a favorable macro environment for risk assets;
Third, a significant inflow of spot ETF funds, with institutional capital re-entering the market;
Fourth, news related to crypto regulation emerged, making market sentiment optimistic. #BTC consolidates after rally, ETF funds continue to flow in #ETH consolidates after reaching $2500 Good Monday to all traders! Today the Korean stock market opened, SK Hynix opened lower, what will happen next?
$BTC Bitcoin BTC is the benchmark of the crypto market with the strongest institutional attributes. Recently, after the long-term US Treasury yields surged and then retreated, spot ETFs have seen a phase of large continuous net inflows, driving the price rebound. However, there is still significant resistance above from trapped positions. This round is more of a short-term capital replenishment and has not yet confirmed a new trend-driven incremental market. Pressure to digest volatility remains.
$ZEC As a privacy coin, ZEC completed the Ironwood emergency upgrade in July to fix a high-risk protocol vulnerability. The SEC previously ended its investigation of the foundation without filing a lawsuit. Grayscale’s submission of the ZEC trust to ETF conversion application brought narrative catalysts. Recently, its market elasticity has been significantly higher than the broader market, but turnover is high and chip volatility is intense. Privacy coins face ongoing global regulatory scrutiny, with risks of protocol iteration and exchange delisting always present. It is a high-risk thematic asset, highly dependent on event-driven catalysts and lacking sustained real-world application support.
$SKHYNIX SK Hynix’s Q2 profit surged 557% year-over-year but revenue slightly missed market expectations, triggering a sharp stock price pullback; subsequently, it announced South Korea’s largest-ever 40 trillion KRW stock buyback and cancellation plan, boosting market sentiment. Forward valuation has fallen back to the 3-6x range. HBM4 is already in mass production and will accelerate volume in the second half of the year, with long-term contracts signed with over ten customers. The current market focus is on two core issues: whether HBM’s market share can be maintained and whether competitors’ yield improvements will compress product premiums, while also tracking cloud providers’ capital expenditures and DRAM/NAND spot price trends. The company has real revenue and profit, fundamentally different from crypto assets, but its valuation is also suppressed by US Treasury yields. Bitcoin near $80,000 is driven by both policy expectations and capital inflows, as well as an acceleration effect caused by leveraged liquidations. Whether the market can hold steady next depends on whether ETF funds continue, whether interest rate expectations persist, and how much real demand remains after this round of short-driven buying subsides.If you asked "What is crypto custody" five years ago, the answer was simple—"helping people safeguard private keys." If you ask the same question today, the answer is completely different. Custody is evolving from a passive storage tool into an active financial operating system. Custody is just the starting point; activation is the goal. The primary demand from institutional clients is no longer just "safe storage," but "what can be done after storing." If custody assets cannot generate yield, cannot be used as collateral, and cannot participate in settlement, then they are just numbers sleeping in a cold wallet—the opportunity cost is too high. Leading custody institutions are transforming into "full asset lifecycle management platforms," offering functions including: Collateral management: using custodied crypto assets as collateral to borrow stablecoins or fiat under compliance frameworks; Staking services: staking PoS assets like ETH, SOL through custody institutions to earn annualized returns; RWA foundation: using custodied assets as the basis for tokenizing real-world assets to support on-chain financial products; Settlement collaboration: integrating custody with trade clearing to achieve more efficient cross-platform fund flows; T+0 settlement: custody and clearing are merging. Traditional financial transactions require T+1 or even T+2 settlement because trade execution and asset delivery belong to different systems with time gaps. In the crypto world, assets are inherently digital, so in theory, trading and settlement can happen simultaneously—that is, T+0. But the prerequisite is that the custody system must be connected to the trading system in real time. At the moment you execute a trade on an exchange, the custody institution needs toThe newly launched stock mapping contract order book is frequently fluctuating, seemingly displaying familiar traditional codes, but during the underlying spot market's closed hours, the order book depth is rapidly thinning.
Out of the total daily market turnover of 18.7 billion $USDT, this type of mapped sector accounts for 2.43 billion $USDT, making up 13% of the trading volume.
Retail funds on-chain are densely placing buy orders, while large holding addresses are gradually reducing positions and exiting by taking advantage of the sector's launch momentum.
The halt in underlying spot trading cuts off the cross-market arbitrage channel, causing a sharp drop in order book depth that directly amplifies the contract basis, making derivatives more susceptible to one-sided impacts from crypto market fluctuations overnight, triggering 341 million $USDT in liquidations in the mapped sector in a single day.
If liquidity returns after the US stock market opens and the on-exchange premium narrows, the mapping contract may re-anchor to the benchmark price, but if the crypto market experiences wide fluctuations overnight again, this repair will be immediately interrupted.
When downward volatility triggers forced liquidation of leverage, insufficient buy orders in the order book will further widen the discount, directly evolving into a stampede-like spike during non-trading hours.
If market-making funds can establish sustained two-way depth during US stock market closures, the current judgment about liquidity gaps will be disproved.
In the next 24 hours, focus on observing the bid-ask spread and order book depth changes in the mapped order book during the US stock market shutdown window.
#SPCX本周解禁3.19亿股，抛压能否被承接？ #美光加码AI存储，十年研发投入100亿美元White advances the pawn in front of the king two squares forward, without capturing, but the entire hall falls silent. Nvidia's quote sheet lands at the edge of the board—fifteen percentage points, as light as a pawn's step, yet as heavy as the entire e-file being blocked.
The market is being drawn by this "non-move". The official confirmation is absent; that hand hovers above the square, and grandmasters all understand that hovering itself is information. The long thinking consumes not time, but the opponent's patience; rising memory costs consume not cash, but all the open lines of cloud and computing power companies.
In the middle game, the customer has only two responses.
Capture the pawn, accept the 15%, and the pressure on the king's wing turns into a tangible open line. Nvidia's pricing power is like a pair of differently colored bishops controlling from the center to the corners, revealing a pathway for the storage chain's gross margin in the endgame. This is the variation White most wants to see: you concede the center, and he turns the center into a noose.
Withdraw the pawn, postpone the order to next year. On the surface, it's sacrificing a piece to gain tempo, waiting for exchange rates and chip prices to loosen, but in reality, it's handing over all the rear wing pawns. Once the cloud provider's capital expenditure formation breaks, companies like NFLX, which move very lightly on the valuation board, will find themselves uprooted. They think all the squares they occupy are supported by others' pawn chains. When costs rise, the opponent only needs one piece to make their prominence rootless.
Even those flank pawns that have shifted from mining farms to computing camps are caught by this central advance's chokehold. The cooling cabinets in their hands are not pieces but liabilities—requiring a continuous cash flow to sustain. When Nvidia commits all heavy pieces, the flank pawns lose not just territory first, but space.
Vera Rubin and Grace Blackwell are just two heavy pieces about to be placed on the board; the real determinant of the direction is the rhythm of memory chips locking each other in the pawn chain. NFLX is the most dazzling piece on the board, and the most dazzling piece fears being restrained. When server prices rise, every position relying on intelligent computing narratives becomes a hanging bishop—seemingly controlling the entire long diagonal, but without a single pawn protecting it behind.
Some may ask, why doesn't White deploy all heavy pieces in the opening? This is precisely the difference between grandmasters and amateurs. Amateurs see the attack; masters see the pawn structure. Nvidia proactively places pressure on the central squares, and all Black's responses are drawn into a slow-paced endgame. Accept the price increase, you lose the initiative; refuse the price increase, you lose time. Time is exactly the only thing the opponent is willing to trade.
The current board is not dangerous, but every pawn move changes the endgame evaluation. The certainty of the price increase is like a hand pressing on the chess clock—it first changes the opponent's psychological time, then alters the seasonal slope on the order book. NFLX is that piece affected by psychological time: it does not belong to the center squares but always hovers nearby, waiting for the opponent's overlooked strike.
Unfortunately, the prerequisite for a strike is that the opponent truly overlooks it. When Nvidia moves the cost pawn to the opponent's rear wing throat, NFLX's lightness becomes ironic. All its activity space is not occupied by itself but by the opponent's temporary lack of time to handle it. Once the time on the chess clock tilts, Black must deal with White's center, and then the hanging bishop will be the first to be exchanged.
The opponent begins long thinking. The long thinker does not lose by miscalculation but by forgetting—they themselves are also pieces on the board.#NvidiaServerPriceHike When Ethereum's price surged past $2500 within 24 hours like a skyscraper under construction being forcibly pulled upward by a tower crane, all the structural engineers heard the brittle creak from the load-bearing walls—not cheers, but the groans of steel rebar yielding.
You only see that nearly vertical tightening column on the candlestick chart, but I’m using a laser level aimed at the foundation. What does nearly a 30% weekly gain mean? It’s like completing a standard floor in just three days, rushing to install steel beams before the concrete has even cured. And those shorts forced to liquidate are the temporary support columns pulled out—they lie scattered around the construction site, with a book value exceeding $1.1 billion. I checked the foundation settlement records along these removed columns: the main building hasn’t collapsed, but stress redistribution has pushed some floor slabs into the plastic deformation zone.
Now look at the grouting pipes beside the foundation. The US spot ETF attracted $697 million last week, the largest single-week grouting volume since 2026—massive external funds are filling existing voids with ready-mix concrete (not just mortar). This indeed can increase pile foundation bearing capacity, but the problem is: the grouting speed is too fast, and the buoyant force from the group pile effect might actually tear the base slab apart. Experts know the most dangerous time in construction isn’t during piling, but the few floors before topping out—when self-weight and wind load simultaneously reach critical points.
Are buyers still delivering rebar? The bond market’s wind vane shows funds are moving to the underground garage (safe-haven assets). And those leveraged positions on-chain are like counterweights on cantilevered balconies—once any floor starts to shrink and settle, these external nodes will be the first to break.
You ask if this is sideways consolidation or a second peak? As the one drawing the structural blueprint, I only care about one thing: are there any new tower cranes entering the site according to the construction log? If not, this height has already exceeded the original wind tunnel parameters—when strong winds come, the decorative glass curtain walls will be the first to shatter.
The cracks in the foundation haven’t disappeared; they’re just temporarily covered by newly poured concrete. #ETHTests2500 Dogecoin still has upward momentum left due to market structure. Why is there a particular mention of DOGE's potential for further gains during a phase where BTC is consolidating? To summarize the key data presented in the original text first, DOGE has broken above three major EMAs, and on-chain whale addresses have accumulated approximately 680 million DOGE. Additionally, market expectations for Elon Musk's X platform payment integration remain, and there is a possibility of interest shifting to the meme coin sector following ETH's sharp rise. Among these, the most important variables from the price structure and supply-demand perspective are the scale of whale accumulation and the technical confirmation of the EMA breakout. This movement of DOGE shows a different supply-demand mechanism compared to BTC. BTC's price moves require large-scale inflows such as institutional funds and spot ETF inflows, but DOGE's structure allows short-term rallies driven solely by collective demand from small investors. This is because, characteristic of meme coins, a significant portion of circulating supply is distributed across individual wallets and reacts to specific events or statements #OpenAI Q2 revenue $6.7 billion, losses widen — AI computing power demand surges, has the on-chain data oracle LINK captured the dividends?
LINK is currently at 11.488, down slightly 1.4% in 24 hours. On the four-hour chart, it has rebounded over 40% from the low point; on the one-hour chart, there is still 8.31% room to the high point. The bullish structure remains intact but shows slight short-term fatigue. Funding rate is 0.01%, with moderate and non-extreme long positions.
Order book shows total buy volume 4751 greater than sell volume 3959, buy-side strength dominates. Open interest remains high at 2.5 million tokens, providing a foundation for trend continuation. A pullback to buy is a smoother strategy.
Key levels: support at 11.0, strong support at 10.5; resistance at 12.5, strong resistance at 12.7. Breaking 12.7 opens a new round of upside.
Trading suggestions:
1) Enter long at 11.1, stop loss at 10.5, target 12.5.
2) After volume confirms holding above 12.5, add longs up to 12.7, stop loss at 12.2.
Main risks: four-hour overbought at 40%, technical pullback possible anytime; if computing power demand cools, oracle call expectations may be cut; macro liquidity tightening also warrants caution. Recommend light positions with stop loss, heavy speculation not advised.
— Personal opinion only, not investment advice, wish you successful trading. —
#OpenAI Q2 revenue $6.7 billion, losses widen $LINK On August 21, OKX launched EDGEUSD and LDOUSD denominated X-Perp contracts. This announcement isn't flashy, but for veteran users who focus on on-chain assets and derivatives liquidity, it's worth a closer look. What concerns me more is $LDO. Staking assets like Lido are naturally influenced by macro interest rates, ETH staking sentiment, governance expectations, and on-chain yields all at once. In spot markets, the focus is on project fundamentals and capital rotation, but in contracts, there's an additional layer: whether leveraged funds are willing to price it. The OKX announcement clearly states that EDGEUSD UM X-Perp will open trading at 15:00 on August 21, 2026, and LDOUSD UM X-Perp at 15:15, supported on web, app, and API. This indicates it's not just giving retail traders another button, but integrating trading access, automated strategies, and API trading altogether. Many get excited when a new contract launches, thinking "where there's a contract, there's a market." This logic is only half correct. New contracts can indeed bring higher attention and make it easier for short-term funds to express bullish or bearish views; however, they also amplify volatility, especially in the initial trading phase when order book depth, funding rates, and stop-loss liquidity are still adjusting. Therefore, I wouldn't take LDOUSD X-Perp as a signal that "LDO is going to rise." A more realistic view is that OKX has given the market a Massive ETF Inflows Yet Collective Plunge: BTC vs. ETH, Who Is Using a Shakeout to Accumulate and Who Is Using Good News to Sell
This week, the combined net inflow of US spot BTC and ETH ETFs reached $2.6 billion, marking the highest single-week record since October 2025, an unprecedented positive liquidity event. However, over the weekend, the market experienced a collective plunge: BTC dropped 2.4% in a single day to $76,600, ETH fell 5.29% to $2,383, and nearly $882 million in liquidations occurred across the network within 24 hours, with over 80% being long position liquidations. The stark contrast between massive capital inflows and price declines is the market's biggest puzzle. Essentially, this is not a failure of capital but the result of a battle between different types of funds: BTC is seeing institutions using the pullback to shake out weak hands and accumulate, while ETH is experiencing speculative traders taking profits on positive news. Their capital intentions and subsequent rhythms are fundamentally different.
First, looking at BTC, the coexistence of massive inflows and price pullbacks reflects a turnover battle of "top institutions buying, existing holders selling." On the capital side, this week US spot BTC ETFs saw a net inflow of $1.9 billion, accounting for over 70% of total inflows. On Thursday alone, BlackRock's IBIT product contributed $503 million in net inflows, over 80% of that day's total inflow. Meanwhile, Grayscale's GBTC continues to see redemptions; on Monday, BTC ETFs had a net outflow of $64 million, almost entirely from Grayscale. The capital divergence between leading new products and traditional ones is very clear. This indicates that new institutional funds are absorbing the selling pressure from existing redemptions, essentially transferring chips from short-term investors to long-term institutions.
The core pressure behind the price pullback is not a lack of buying but concentrated distribution from historically trapped holders and early whales. The $78,000–$82,000 range is a chip-dense zone formed at the end of 2025, where many retail holders are trapped waiting to break even, triggering concentrated selling pressure each time the price touches this area. Early whales also distribute near $79,000, precisely suppressing upward momentum. This push-and-pull creates a game of "new institutions building positions at lows to support the price, old holders distributing at highs to cap it," determining that BTC will neither plunge deeply nor break new highs in one go, but more likely digest selling pressure gradually through oscillating upward movement. Technically, $75,000 is the core cost line for this round of institutional accumulation and a strong support level; as long as it is not decisively broken, the mid-term recovery pattern remains intact.
Next, ETH shows a weaker trend despite similar ETF benefits, fundamentally due to "limited institutional replenishment and speculative profit-taking." This week, spot ETH ETFs had a net inflow of $697 million, also a near ten-month high, but only about one-third the size of BTC's inflows. BlackRock's single product contributed over 80% of the single-day increase, indicating a much higher concentration of funds than BTC. This means ETH's institutional capital return is more about supplementing allocations in leading products rather than systemic industry-wide buying, with weaker capital depth and sustainability compared to BTC.
The underlying staking fundamentals remain solid; as of mid-August, total network staking is about 41.89 million tokens, accounting for 34.7% of total supply, a new historical high, supporting the price floor from the supply side. However, the recent sharp price rise relies more on AI+Crypto narratives and short-term speculative capital. During this rebound, ETH derivatives open interest fluctuated over 12% in a single day, funding rates spiked to 0.08%, and leveraged funds crowded in. Once upward momentum slows, concentrated profit-taking easily triggers a stampede-like correction. ETH's weekend drop, nearly twice BTC's, reflects leveraged funds closing positions amid sentiment decline. Technically, $2,380–$2,400 is a short-term support zone converted from previous resistance; if decisively broken, the next support is the $2,300 round number.
Overall, massive ETF inflows are real but mostly a restorative rebound after continuous outflows in the first half of the year, not a full-scale bull market entry of incremental funds. Since 2026 began, BTC spot ETFs have still seen a cumulative net outflow of about $2.9 billion, ETH about $190 million, indicating the current market is still in a recovery phase. With the Jackson Hole global central bank annual meeting approaching, the market enters a policy wait-and-see period, and capital divergence is likely to continue. BTC's pullback is an institution-led shakeout with support, clarifying the mid-term trend; ETH's pullback is sentiment-driven profit-taking with high volatility, loose chips, and stronger short-term trading characteristics.
In terms of strategy, different approaches are needed: BTC suits a mid-term allocation mindset—hold core positions, accumulate in batches at support zones during pullbacks, avoid chasing highs blindly or shorting lightly; ETH suits swing trading—take profits in batches near resistance zones, wait for pullbacks to stabilize before considering low entries, strictly control position size and leverage to avoid buying at peak sentiment. $BTC $ETH $DOGE #BTC冲高后震荡，ETF资金持续流入 #ETH触及2500美元后震荡 #英伟达AI服务器或涨价超15% Bitcoin formed a small V-shaped recovery from last night to this morning. It once fell below $76,000 under pressure last night, but has now climbed back above $78,000, currently trading around $77,600-$78,000, with a slight 24-hour increase of 0.94%-1.2%. Ethereum is stronger, trading at $2,448-$2,472, up about 0.2%-2.75% in 24 hours. The quick rebound in the market is mainly a continuation of the key events from last week. The U.S. Treasury's expansion of long-term bond repurchase operations caused U.S. Treasury yields to fall and the dollar to weaken, reactivating the "currency depreciation trade"—increasing Bitcoin's appeal as a scarce asset. Institutional funds are genuinely entering the market; last week, the U.S. spot Bitcoin ETF saw a net inflow of $1.92 billion, indicating this is not just short covering but real buying support. On the regulatory front, Trump again urged Congress to pass the crypto market structure bill, which has also eased institutional concerns. However, market sentiment this morning is clearly cautious. In the past 24 hours, about $405 million worth of liquidations occurred across the network, with long position liquidations accounting for over 60% at $246 million. This indicates that after a rapid short-term rise, high-leverage long positions are being cleared, and the market is in a phase of digesting profit-taking and leverage at a high level. Ethereum's liquidation volume is even larger than Bitcoin's, about $127 million, showing that altcoin leverage structures are more fragile. How will the market move this morning? The key is whether the $78,000 level can hold. If it can hold, the bullish trend will notBTC surged this week from 63k straight up to nearly 80k, with shorts getting crushed terribly.
It is now oscillating around 77000, and short-term divergences are starting to widen.
A few key points to watch:
There is obvious selling pressure above 80k, and liquidity is thin over the weekend, making false breakouts likely.
ETFs saw nearly 2.6 billion inflows last week, indicating a strengthening capital flow, but the risk of chasing after a rapid rally is increasing.
After the White House meeting, regulatory expectations have heated up; the SEC also released a Regulation Crypto proposal, but the CLARITY Act will have to wait until September.
After such a sharp rise, the most common pattern is "rise first, then pull back to test before deciding the direction."$MU My logic is actually quite simple, just following the news. On Saturday, there was a rumor that Nvidia would raise chip prices by 15%, so I checked it out and found that it was actually due to price increases in upstream storage raw materials, which then got attributed to Nvidia.
The previous sharp drop in Micron was also because Apple planned to raise prices to cope with storage costs. At that time, I thought: long Apple, short storage, to benefit from both sides. But back then, I only shorted storage and didn’t dare to go long on Apple.
This time, the sentiment is basically the same as last time. But the problem is, Apple’s price hike already caused a drop once before, so if the same script plays out again, the effect will definitely be diminished, and the market reaction will be increasingly muted. However, it’s still worth doing what needs to be done.
When the news came out yesterday, Micron was still around 960, but it got hammered so hard, probably dragged down by leveraged liquidations in the crypto market. The price looks reasonable today, so I shorted a little to test the waters. #英伟达AI服务器或涨价超15%