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$BTC's configuration logic hasn't broken yet
What BlackRock's latest perspective is more noteworthy is not "how much BTC will rise," but that it still views Bitcoin as an allocation asset that can be included in multi-asset portfolios.
The core logic is simple:
• Scarcity remains, with the 21M cap unchanged
• BTC has different driving factors from traditional assets and possesses a certain degree of decentralized value
• However, volatility remains high, so position management is more important than chasing gains
• BlackRock previously provided a reference for a 60/40 portfolio of 1%–2% BTC, with risk contributions significantly amplified beyond 2%.
Therefore, I prefer to understand the current pullback as a risk repricing rather than the complete failure of Bitcoin's investment logic.
What is truly worth watching is whether funds will return to BTC in the future, and whether on-chain demand can continue to validate this narrative.
Not an all-in.
Waiting for data confirmation. 👀
$BTC $ETH Regarding the recent expansion of the US Treasury's balance sheet, look at their timeline—it's completely designed to help Trump win the midterm elections and secure his place in history!!! It's terrifying, I truly call Trump the greatest US president (mastermind), no one can match his tactics! So powerful.
✅ Key timeline summary (this US debt repurchase news)
1. Policy effective date: 2026-09-09
Single repurchase limit raised from 2 billion to at least 4 billion USD, targeting 10–20 year and 20–30 year long-term nominal US Treasury bonds
2. Current temporary arrangement deadline: 2026-11-04
This expansion repurchase will only be executed until the end of this refinancing quarter
3. Subsequent important meeting: 2026-11-04 Quarterly refinancing meeting
The Treasury will announce at the meeting whether the repurchase scale will continue to increase/maintain/reduce
But special attention is needed for a couple of dates where black swan events might occur:
One is before September 9, if the Federal Reserve or force majeure causes this policy to be invalidated, then $BTC will return to 60000
Another is November 4, if the expansion stops or even shrinks, then it's even worse—the crypto space will die
Everyone must add these two dates to your schedule!!!$SOXL Yesterday's position, today sold half in batches between 133 and 135
Still holding more than half of the position, planning to sell between 140 and 145
Then plan to do wide-range grid trading for the long term,
Because overall, still bullish in the long term
#海力士40万亿回购，扩产与回报如何平衡 Analysis and Commentary on August 19, 2026: The international spot gold market is currently experiencing intense wide-range volatility. The core catalyst for tonight's market is the release of the Federal Reserve's July FOMC meeting minutes at 2:00 AM Beijing time on August 20.
1. Market Movement: Violent surge late at night, intense battle between bulls and bears
After an overnight plunge (a single-day drop of $82), gold prices saw a sudden violent surge around 10 PM, with the market directly forming a large bullish candlestick, reaching a high near $4498, then hovering around $4485. This nighttime pulse-like surge was triggered by the resonance of the following factors:
● Decline in the US dollar and US Treasury yields: The US dollar index came under pressure and fell, combined with a pullback in the 30-year US Treasury yield from highs, reducing the opportunity cost of holding non-yielding gold.
● Capital game and algorithmic trading: The overlap of European and US trading sessions increased liquidity. After gold broke through a key resistance level, it triggered bulk long orders from quantitative programs, combined with short-covering stop losses from prior shorts, creating a short squeeze.
● Rising risk aversion: Uncertainty in the Middle East geopolitical situation resurfaced, prompting capital to buy gold for risk hedging.
2. Core Variable: The Fed Minutes at Dawn
The market is currently in a dilemma of "reluctant to chase at high levels, easy to get stopped out when shorting." Tonight's FOMC minutes will determine the short-term direction:
● If the minutes are dovish (signaling a pause or rate cut): It is expected to further open the upside space, challenging the psychological $4500 level.
● If the minutes are hawkish (emphasizing inflation stickiness or hinting at continued rate hikes): US Treasury yields may surge again, putting huge selling pressure on gold, possibly testing key support levels at $4440 or even down to $4300. I'm still watching the floating losses on ETH short positions, and the liquidation data has taken another hit: in the past 24 hours, the entire network saw $1.46 billion in liquidations, with shorts accounting for $1.29 billion.
BTC surged past 67,000, ETH stood above 2100 — this isn't a slow rise, it's a systematic clearing out of shorts.
The market is rushing to capture tonight's liquidity expectations.
The U.S. Treasury announced that starting September 9, the single long-term Treasury repo size will increase from $2 billion to at least $4 billion.
This is not Fed QE, nor an immediate liquidity injection tonight, but funds will first trade on improved long-term bond liquidity and eased yield pressure.
This line affects three assets differently: BTC and ETH benefit from risk appetite combined with crowded shorts, so any positive news triggers a squeeze; gold is more influenced by real interest rates and the dollar.
With the FOMC minutes leaning dovish and long-term bond yields declining, gold may move more steadily.
At 2 AM, the FOMC minutes release; at 2:30 AM, the White House tech leaders meeting.
The latter includes the SEC, CFTC, and a group of crypto executives, which adds fuel for BTC and ETH but offers no direct benefit to gold.
I don't dare to call a top just yet despite the floating losses.
The $1.29 billion in shorts have already been cleared out; how much of this bullish candle is real buying versus a short squeeze remains to be seen until the minutes are released.
Tonight, focus on BTC and ETH, and whether gold can confirm an inverse relationship with Treasury yields.
The direction might still hold, but the pace has been hit hard; stubbornness is costlier than cutting losses — it's painful.
$BTC $ETH $XAU
#FOMCMeetingMinutes #TreasuryRepoTonight, the White House is bringing the SEC, CFTC, and Wall Street to the same table: The real big signal for Crypto might not be how much BTC has risen
At 2:30 AM, the White House is expected to hold a meeting on technology and the Crypto industry. Trump plans to attend, with SEC Chair Paul Atkins, CFTC Chair Michael Selig, and representatives from core traditional finance and Crypto institutions such as Coinbase, Ripple, Kraken, Gemini, Chainlink, Nasdaq, and ICE expected to be present
The timing is especially critical.
The SEC has just proposed the new "Regulation Crypto Assets," preparing to establish exemptions and safe harbors for some Token financing
This indicates that US Crypto regulation is developing a very clear path:
Congressional legislation is slow → SEC/CFTC first use administrative rules to reduce regulatory uncertainty → The White House directly coordinates Crypto and traditional finance
BTC has already reacted in advance, currently around $68,400, up +5.6% intraday
If more specific regulatory paths are released, the biggest beneficiaries might not only be BTC but more likely ETH.
Policy benefits can ignite the market
What really determines how far this rally can go is whether the rules can move from the conference room to the market. $BTC
#SEC提出《加密资产监管》草案，CLARITY法案9月审议 1. Baidu Group
Leading domestic large model companies had AI business revenue accounting for more than half of Q2 revenue. The Wenxin large model continues to iterate, with steady growth in cloud services and enterprise intelligent agent businesses. The company plans to change its Hong Kong-listed status to dual primary listing, paving the way for inclusion in the Hong Kong Stock Connect and potentially attracting incremental funds. Our business covers a complete chain of foundational models, cloud services, and industry solutions. Internet advertising business is experiencing sluggish growth and needs to rely on AI to drive overall growth. Industry competition is intensifying, homogenized competition in large models will drive down service fees, and the speed of commercialization will determine the upside potential for valuation.OKX market shows $BTC breaking through $69,000 at its highest: $1.19 billion shorts become the fuel!
This surge quickly triggered a chain of liquidations: in the past 24 hours, about 105,000 traders across the network were liquidated, totaling $1.345 billion, of which shorts accounted for $1.191 billion.
In just the last hour, short liquidations reached $1.116 billion, accounting for 93.5% of the liquidations during the same period.
BTC shorts lost about $662 million in one day, ETH shorts about $366 million.
The price rise forced shorts to cover, and the covering further pushed prices up, which is likely the reason for the sudden acceleration in the market.
It should be noted that the buying from short squeezes is forced execution and does not equal continuous inflow of off-exchange funds.
After the short fuel is burned out, the entire market still relies on spot transactions and new capital to take over.
Pay attention to whether the price can hold steady between $68,000 and $69,000 after the liquidation wave ends.
Holding this level is necessary; only then can the breakout continue and the trend fully reverse. 卧槽！卧槽！刚刚还在讨论BTC能不能站稳6.6万，结果市场直接把桌子掀了！！！ $BTC最高一针打到70,099美元，随后回到68,300附近，24小时涨幅超过5%；$ETH更猛，最高2133美元，日内一度+8%。 这轮我认为不是单一利好，而是三个东西突然叠在了一起。 第一，美国监管预期明显升温。白宫今天正在召集Coinbase、Ripple等加密行业高管，同时SEC、CFTC负责人也在场；前一天SEC刚提出新的Crypto Assets监管框架，方向是给部分Token发行提供更清晰、甚至更宽松的融资路径。(Reuters) 与此同时，CLARITY Act已经传出9月15日进行参议院表决的具体时间。市场之前压了很久的“监管折价”，突然开始被重新定价。(Investor’s Business Daily) 第二，现货资金不是完全缺席。 8月18日美国BTC现货ETF净流入约1.893亿美元，ETH ETF也净流入约7140万美元。也就是说，这次突破并不完全是合约自己拉自己。(Farside Investors) 第三，也是最暴力的一层——挤空。 前面BTC资金费率已经很高，大量人开始在4. Siren (SIREN)
Intraday increase of 32.4%, a privacy interaction protocol token. The project announced an update plan for cross-chain privacy interaction solutions, optimizing multi-chain asset anonymous transfer functions, with positive news stimulating buying pressure. The sector focuses on on-chain privacy transactions, meeting some user demands. There are many similar projects in the sector, with insufficient differentiation advantages, making it difficult to capture a large market share. The token's overall circulating supply is relatively small, with volatile price fluctuations. The theme has obvious speculative characteristics, and after the hype fades, it is highly likely to quickly give back most of the gains, suitable only for very short-term trading.#SEC提出 draft of the "Crypto Asset Regulation," CLARITY Act to be reviewed in September. The SEC's real strength this time is not the benefits, but the "giving rules."
I think many people have taken the SEC's news too simply.
Seeing "crypto-friendly" makes it seem positive.
Seeing "regulation" also feels negative.
Actually, none of them are accurate.
The real value of regulation lies in providing market rules.
For example, a project seeking financing.
One of the most troublesome problems I used to have was:
What exactly should be done?
Under what circumstances does securities law occur?
Now the SEC is beginning to propose a regulatory path specifically targeting crypto assets, at least in an attempt to answer these questions.
This is actually very important for the industry.
Because what capital fears most is not strict rules.
What capital fears most is uncertainty in the rules.
As long as the rules are clear, companies can calculate costs.
Institutions can then calculate risk.
Funds can be used for long-term planning.
So I think the SEC's move this time has no greater value for the crypto world, not a short-term rally.
Instead, it reduces long-term uncertainty.
This is what truly deserves market attention.5. CK Asset Holdings (01113)
Up 2.47%, a local Hong Kong real estate stock. The market is speculating on expectations of optimized mainland real estate policies, while the Hong Kong property market's transaction activity has slightly increased. The company's debt structure is stable, cash flow is ample, and it holds a large amount of rental properties, showing strong risk resistance. The overall recovery pace of the real estate industry is slow, and the rebound in commodity housing sales is slower than expected. The stock price is in a low-valuation recovery phase, with no strong catalysts for rapid rise, and the market volatility is relatively small. The SEC opens new funding channels for crypto projects—is the real opportunity for altcoins here?
These days, many people have started asking me:
Does this SEC news really mean for altcoins?
I think there is, but it shouldn't be simply interpreted as "SEC positive knockoffs."
The real change is the financing environment.
The SEC's newly proposed rule designs a new exemption path for eligible crypto projects, including a maximum of $5 million for four years and up to $75 million per year.
This means that if some projects meet the conditions in the future, financing may not have to fully follow the traditional securities issuance model.
This is a major change for the industry.
Because for an industry to develop, it can't rely solely on exchanges and the secondary market.
Someone still needs to raise funds.
Someone is developing it.
Some people make products.
Some people build ecosystems.
So now, instead, I'm starting to refocus on projects that truly have products, users, and ecosystems.
Of course, this does not mean altcoins will take off on full scale immediately.
In fact, quite the opposite.
Once regulation becomes clearer, the market may become even more ruthless.
Projects with real substance stay.
Projects that are purely storytelling are becoming increasingly difficult.
So this time, the SEC's changes are, to me:
It's not about giving red envelopes to all altcoins, but about giving truly capable projects more room to survive.3. New Oriental (09901)
Up 4.17%, the education + live streaming dual business continued steadily. The education and training business has completed its transformation, quality education has developed steadily, and live-streaming e-commerce provides stable cash flow. Effective cost control has been evident, and profitability levels have remained stable. The warming sentiment in the consumer sector has driven valuation recovery in education service targets. Competition in the livestream e-commerce sector continues to intensify, and rising traffic costs squeeze profits. The company lacks the logic of rapid growth, with stock prices mainly recovering within a range, and the sustained momentum of the rally is weak.So strong! $BTC surges to 69,000: breaks a three-month high!
The Treasury announced that the liquidity support repo operations for 10-30 year long-term bonds will at least double in scale. Tonight BTC touched 69,200, up 6.69% in 24 hours, hitting a new high since June 2. ETH is even stronger, up 9.05% to stand above 2,090, ETH/BTC strengthens, and funds are flowing into high beta assets — this is a typical signal that the rebound has entered its second phase.
A detail worth noting in the market: the Nasdaq fell 1.32% the same night, but gold futures broke through $4,500. Stocks down, gold up, crypto up — this time crypto is running an independent market, logically closer to "liquidity easing expectations + alternative asset allocation" rather than dancing to the tune of US stock risk-on.
But I have to pour cold water: this is a three-month high, not an all-time high. The ATH is around 126,000, and the current price is still nearly half away from the top. From the annual line perspective, 2026 is still within the framework of a bear market rebound. In the short-term structure, the 70,000 round number will definitely face a fierce battle; a volume breakout and stable hold will open space to 73,000; a low-volume false breakout and a pullback to 65,000 could happen overnight.
In terms of operations: spot holders hold tight, don’t recklessly leverage below key levels; those without positions wait for pullback confirmation, don’t chase this bullish candle. Remember, the fattest part of the rebound always belongs to those who don’t FOMO.2. Towngas (00003)
Up 7.37%, leading city gas operators. Domestic downstream gas demand is steadily recovering, gas procurement costs are declining marginally, and corporate gross profit levels have been recovered. The essential demand for people's livelihood gives individual stocks a safe-haven avoidance, allowing funds to flow into defensive sectors during tech pullbacks. The company has deep pipeline network resource barriers and continues to expand its mainland business footprint. Gas pricing is regulated by policy, and profit ceilings are constrained. The short-term market is mainly focused on valuation recovery, with limited upside potential, making it suitable for stable capital allocation.The SEC opens a new financing channel for crypto projects—does this mean a real opportunity for altcoins?
Many people have been asking me these days:
Does this SEC news really matter for altcoins?
I think it does, but it shouldn't be simply understood as "SEC is good news for altcoins."
The real change is in the financing environment.
The rules proposed by the SEC this time design a new exemption path for qualified crypto projects, including a financing limit of up to $5 million over four years and up to $75 million per year.
This means that in the future, some projects that meet the conditions may not have to fully follow the traditional securities issuance model for financing.
For the industry, this is a significant change.
Because for an industry to develop, it can't rely only on exchanges and secondary markets.
There must be financing.
There must be development.
There must be product creation.
There must be ecosystem building.
So now I am starting to refocus on projects that truly have products, users, and ecosystems.
Of course, this does not mean altcoins will immediately take off.
In fact, quite the opposite.
With clearer regulation, the market may become even more ruthless.
Only projects with real substance will survive.
Projects that only tell stories will find it increasingly difficult.
So I understand this SEC change as:
Not handing out red envelopes to all altcoins, but giving more survival space to projects that truly have capability. #财报观察员：小米Q2财报出炉，是汽车救场还是手机拖后腿？ 1. Xiaomi Group‑W (01810)
Gained 4.81% against the trend, with Q2 financial results exceeding market expectations. Quarterly revenue increased by 9.9% sequentially, automotive business losses continued to narrow, and the average selling price of phones hit a new high. The full ecosystem strategy of people, cars, and homes is steadily advancing, with new flagship phones and new vehicle models to be launched in the second half of the year. R&D investment continues to increase, and edge AI business has started generating revenue. The Hang Seng Tech Index weakened overall, while individual stocks showed independent trends. The smartphone industry is highly competitive, and the automotive business is still in the expansion and cash-burning stage, making it difficult to achieve high profits in the short term; the rise is driven by expectations. If even "bottom-fishing" becomes a kind of belief, then the market may still be far from the true bottom. Have you noticed that every time someone shouts, "This price can't fall any further," the market just keeps pushing down one more level? When I saw that post, I was staring blankly at the $CORE board. They say below 0.02U is "shark's mercy," and that buying at this level is like picking up a free opportunity. I admit, from a space perspective, the further downside is indeed limited, but "no more drops" has never been a reason to buy—it just means the seller is temporarily tired, not that the buyer is actually coming. The market is not trading "cheap," but "whether anyone is willing to take your goods at a higher price." Another repeatedly mentioned $BICO is even more interesting. The post said it hit another new low, breaking 0.019u, still waiting for 0.015u. This 'wait for a lower price before buying' approach is honest, but it overlooks one detail: when everyone is staring at the same support level, that level is often directly breached. Because places with too many listings are the hunting grounds with the best liquidity. The real bottom isn't just guesswork; it comes naturally after the panic market has fully unleashed. As for $BEAT, the post described it as "the last coin to be liquidated," now down to 0.22U and still looking at 0.1U. I think this attitude is actually closer to the truth—admitting your mistakes is much more important than stubbornly holding on. Many people lose money not because they see the direction backward, but because their stop-losses are too slow—so slow that they turn "trading" into "faith recharge." From an emotional perspective,The SEC is no longer just focused on "regulating the crypto space"; the real changes may only be just beginning.
In the past, whenever the SEC was mentioned, many people in the crypto community immediately thought of regulation.
Now, that impression might be slowly changing.
On August 18, the SEC officially proposed "Regulation Crypto Assets," starting to establish a dedicated regulatory framework for certain crypto assets and related financing activities.
I think this change is especially worth paying attention to.
Because what regulators fear most is not strictness.
What they fear most is the lack of standards.
If you don’t know what you can or cannot do, companies naturally won’t dare to invest on a large scale.
Now that the SEC is beginning to write the rules, it at least indicates one thing:
The United States is seriously considering how to integrate the crypto industry into its financial system.
This is a completely different approach from relying solely on enforcement judgments in the past.
For BTC, this change is more about improving the institutional environment.
For ETH, the impact might be more interesting because it has a large ecosystem, applications, and developers behind it.
So, when I look at this wave of growth now, I’m not just looking at the price.
I’m more focused on whether U.S. regulators can step by step implement these rules.
If they can, the potential for capital inflow could be much greater than a typical market rally. #财报观察员：小米Q2财报出炉，是汽车救场还是手机拖后腿？ The SEC suddenly "loosened" the crypto sector, and the rise of DaBing and Erbing may not be so simple
Recently, BTC and ETH have both strengthened, and combined with the SEC's sudden introduction of new crypto regulatory rules, I think looking at these two together is much more interesting than looking at prices alone.
The SEC's proposal for "Regulation Crypto Assets" is not just a simple call to "support cryptocurrencies," but rather a start to design clearer financing paths for some crypto projects.
One exemption pathway allows eligible projects to raise up to $5 million over four years, while another allows up to $75 million every 12 months, while also considering regulatory arrangements better suited to the crypto market for certain assets.
I think what the market really trades might not be these numbers.
Instead, it is a signal:
U.S. regulators are slowly shifting from "how to manage you" to "how to include you in the rules."
This is far more important for the entire industry than a single coin rising 5% or 10% today.
Of course, this is still a proposal, not the final law.
So I won't immediately declare a super bull market just because of a single move by the SEC.
But if SEC rules, the CLARITY Act, and stablecoin regulation continue to advance, combined with the strength of BTC and ETH themselves, the market logic will indeed become more complete.
With this current market trend, I think it's worth watching carefully. #EarningsObserver: Xiaomi's Q2 earnings are out—is it cars saving the market or are phones dragging things down? $SPCX On the eve of the unlock, I'm more nervous than Musk
Tomorrow, August 20, 320 million shares will be unlocked, and I can't sleep tonight.
1️⃣ Market: On Monday, driven by Nvidia and Alphabet's share disclosures, it surged to 149.8; on Tuesday, profit-taking plus the shadow of the unlock pushed it down -1.98% to close at 143.34, then climbed back to 145.8 after hours. It once dropped 2.3% pre-market, clearly with funds hedging early.
2️⃣ But don't scare yourself: On August 6, a massive unlock of 910 million shares didn't crash the price; it actually surged 23% that week. Shorts hold 36% of the float, so failure to push down is short squeeze fuel—next door $BTC hit 64400 due to shorts covering, with over $200 million in derivatives liquidated overnight.
3️⃣ The risk is real: There are still 7 batches of unlocks queued before year-end, one after another.
Next steps: If tomorrow's unlock lands without a drop = all bad news priced in, targets 150, 162; if it breaks below 139, better to exit early, with support at 117. For this kind of stock, you bet on faith and control your position.
#SPCX首份财报将公布，千亿美元解禁在即 3. Novavax (NVAX)
Closed up 6.8%, following the collective strength of the biopharmaceutical sector. Clinical benefits of mRNA vaccines have driven valuation recovery across the entire technology route, with the market re-evaluating the long-term development potential of nucleic acid drugs. The company is deeply engaged in vaccine research and development, with multiple vaccines in clinical stages. The company's past revenue has shown significant fluctuations, with performance highly dependent on large orders. Competition within the sector is intense, and slower-than-expected pipeline development progress may suppress stock price upside. This round of gains is mainly driven by sector sentiment, lacking independent positive catalysts. 1. Moderna (MRNA)
Significant single-day surge, primarily driven by positive results from the phase 3 clinical trial of the mRNA cancer vaccine. The company, in collaboration with Merck, is developing a personalized tumor vaccine that can reduce the risk of melanoma recurrence. The success of this trial marks the expansion of mRNA technology into the tumor treatment field, opening up long-term growth potential, and the market has significantly raised the company's valuation. The news triggered concentrated short-covering, causing trading volume to spike sharply. The product still faces a lengthy approval process before market launch, and the risk of development failure has not been completely eliminated. After the short-term surge, the valuation has rapidly increased, and volatility will be noticeably higher. 1. Jingliang Holdings (000505)
Achieved three consecutive limit-ups, a core stock in the grain security theme. Global food inflation warnings combined with extreme weather disruptions to food supply have shifted capital towards agricultural safe-haven sectors. The company mainly processes oils and oilseeds, has a state-owned background, and its business covers grain and oil procurement, processing, and distribution channels. The sector's overall sentiment is hot, with capital concentrated in agricultural stocks pushing up prices. The company's regular operating performance is stable; this round of price increase is driven by thematic expectations. Once the risk-averse sentiment fades, the sector's heat will quickly decline, and individual stocks will face significant correction pressure, making long-term holding inadvisable. $BTC and $ETH are rising in sync, with BTC reclaiming above $66000. This rally is not just a simple crypto market pump; the core reasons are:
Macro liquidity suddenly improves + key technical level breakthrough + short squeeze
1. Long-term bond pressure eases. The U.S. Treasury announced that starting in September, the liquidity-supporting Treasury repo scale will at least double to $4 billion per operation. The market interprets this as the Treasury actively improving long-term U.S. Treasury liquidity. Subsequently, U.S. Treasury yields fell, the dollar index weakened, and gold and BTC rose together. Risk assets have regained liquidity support.
2. BTC breaks through key resistance. Previously, BTC was long suppressed between 64600–65000. After effectively breaking 65K today, a large number of short stops were triggered, further pushing the price rapidly toward 66K. The market already had high futures open interest, so this rally clearly has "Short Squeeze" characteristics.
3. Recently, spot BTC ETFs have seen renewed capital inflows, indicating institutional demand is recovering. However, this is not yet enough to prove a sustained large-scale buying phase has begun.
Technically, 65K is the most important level now.
67000–67500: first target
$68000–70000: mid-term trend confirmation zone
If it holds above 65K on the 4H chart, the upward targets are 67K → 68K → 70K in sequence; if it falls back below 65K, beware of a false breakout, and the next step may be a retest of 64K or even 63K $BTC Nvidia has dropped, does that mean the AI rally is over? I think many people are oversimplifying it.
As soon as Nvidia adjusts, the market immediately starts discussing the peak of AI.
But I think this logic is too simple.
A stock price drop does not equal the end of an industry.
Especially for core assets that have already risen a lot, their valuations naturally need to be digested continuously.
The real questions to ask are:
Has AI demand decreased?
Has data center investment decreased?
Has chip demand decreased?
Are companies still willing to spend money?
If these core factors haven't changed significantly, then the stock price adjustment itself cannot prove the AI trend is over.
Of course, the valuation is indeed high.
So my current attitude towards AI is not blindly bullish.
Rather, I continue to be optimistic about the industry while raising the standards for stock selection.
In the past, just the two words "AI" could earn a premium.
That might not be the case in the future.
In the end, it still comes down to performance.
I think this is actually a good thing.
Because only after this round of screening will truly valuable companies become clearer and clearer.$BTC $ETH Don't let candlestick charts control your emotions; time is the best weapon for holders.BTC suddenly stopped rising, but the real issue might not be that the market is over.
What has been most frustrating about BTC recently is not the drop, but the grinding.
It neither goes up nor falls down.
Many people's first reaction to this kind of movement is: has the market ended?
I think it's not that simple.
If the trend were truly weakening completely, the market wouldn't just grind sideways; it would keep showing lower highs and lower lows, and capital would get colder and colder.
The current state looks more like the market hasn't formed a new consensus yet.
Bulls think there's still room, bears feel the pressure above is heavy, and in the end, everyone is just waiting.
This kind of market most easily shakes out retail investors.
Because if it doesn't rise for a week, you start doubting.
If it doesn't rise for half a month, you start switching coins.
Then just after switching, the original BTC suddenly moves.
So now I actually don't like frequent trading.
If the logic isn't broken, just keep observing.
What really deserves caution is not the "no rise," but when capital starts to continuously withdraw and the structure begins to clearly break down.
Before that happens, I prefer to interpret the sideways movement as waiting.
The quieter the market, sometimes the more patience is needed. $BTC exploded directly.
The price shot straight from 64,000 to nearly 70,000, liquidating 650 million short positions in just a few minutes. In the past 24 hours, the entire network liquidated 770 million USD, with shorts accounting for 740 million, meaning 96% of the bleeding was from the bears.
I stared at the candlesticks for a while, not excited but rather a bit scared—because I almost added shorts at 65,000 before. In the end, I didn’t press the trigger, simply because I was tired and wanted to sleep. Looking back now, that bathroom break saved my life.
This surge was caused by four things hitting at once: $SKHYNIX SK Hynix announced a 40 trillion KRW buyback, reigniting semiconductor sentiment; CPI softened for the second consecutive month, pushing rate hike expectations below 30%; short positions were overly concentrated between 64,000-65,000, ready to collapse at any touch; finally, emotional resonance caused liquidity to flood back into highly elastic assets. With these four factors combined, the price naturally exploded.
My $BTC long position has held for a month, with an average entry price of 65,355. Today it finally turned from unrealized loss to unrealized profit. Although not much, the feeling is like a patient lying in ICU for 30 days suddenly opening their eyes.
But I won’t chase at this level. I’ll wait for a pullback confirmation and then see if there’s a suitable opportunity to add to my position. Once the direction is clear, rhythm is more important than position size.
I can treat myself to a chicken leg tonight. Nothing else to say, at least it’s worth the insomnia I’ve had this past month. BTC has broken through 70,000, ETH stands above 2100, SOL at 83, this wave is quite strong
Tonight's surge is driven by several catalysts stacking up: The SEC voted yesterday to pass the token issuance exemption proposal, opening a financing channel for startups of 5 million over 4 years and 75 million annually. Although still in the consultation phase, the regulatory stance has clearly shifted; BlackRock released a report the same day saying the BTC allocation logic remains unchanged, maintaining a 1-2% allocation recommendation. The backing of $15 trillion in asset management is quite significant; On Monday, BTC spot ETF net inflows were nearly $300 million, the largest single-day inflow since May; plus a 24-hour short squeeze helped push it further.
The White House has a crypto summit at 2:30 AM, with Trump personally meeting Coinbase and Ripple executives, the market is betting on good news in advance. Goldman Sachs says a rate hike in September is basically impossible, and the macro environment is also supportive.
BTC breaking 70,000 is a psychological barrier, ETH surged straight to 2100, SOL also reached 83. This wave rose from 64,000 to 70,000, a 6,000 increase, shorts are getting squeezed hard. Regulatory benefits + institutional calls + ETF inflows + short liquidations, a fourfold resonance, short-term momentum is indeed strong
But don't get too carried away, the White House meeting at midnight is the real test. If there is nothing beyond expectations, "buy the rumor, sell the fact" could hit at any time. The Fed will also release meeting minutes tonight, and hawkish wording could suppress the market.
Heavy positions can reduce some to lock in profits, don't chase highs, wait for a pullback to re-enter. If you really believe, just dollar-cost average, don't go all in during a pulse marketJust now, $ETH suddenly surged sharply. At the moment $ETH pulled, I thought of a stock that had recently surged—$SNDK. Personally, I believe the current rise in $ETH is only temporary, aimed at shorting and selling. Personally, I believe that the crypto market currently has not seen much real liquidity. This means that all current price increases are rootless duckweed, water without a source. The market hasn't really improved yet. —————————————————— Let's look at its contract data over a longer period. It can be seen that its contract open interest has been continuously rising recently, while the long-short ratio has been steadily declining. This means that during the sideways phase, the market has accumulated a large number of bears. Let's take a look at its shorter data from a short period. It can be seen that in the recent short period, its open interest dropped sharply, and the long-short ratio of contracts rose sharply. This means the bears are cutting losses. Personally, I think it's very likely not a stop-loss but a forced liquidation. Because this round of rally is so fierce that many people may not even have time to add their margin. In a bear market, blowing up short sellers is not a good thing; if a bear is crushed, it means the market is likely to experience a very significant drop. Because after a decline, without buy orders formed by short covering, the market rarely experiences a stable phase. Once there is no stable phase, it can easily lead to large, emotional sell-offs. So I don't think it's about crushing the short sellers放量时刻，ETH的弹性正在跑赢BTC。数据显示，在高活跃窗口里，ETH单根4小时平均涨幅约0.32%，BTC只有0.17%，前者接近后者的两倍。这个差距背后不难理解：ETH市值更小、杠杆使用更集中，同样的资金流入往往撬动更大的价格波动，放量行情里这种特性会被进一步放大。不过要泼一盆冷水——弹性更大不等于方向确定。高成交量本身只说明多空分歧剧烈，资金进出都很猛，至于价格是往上还是往下，得看K线本身的语言：放量阳线的收盘位置是否站上关键位、上影线长不长，以及后续几根K线有没有连续跟随。如果放量之后价格原地踏步甚至回落，那大概率是派发而非吸筹。对交易者来说，这个统计规律的真正价值不是预测涨跌，而是提醒我们：放量窗口里$ETH 的波动空间天然更大，仓位和止损都要按这个弹性系数重新校准，而不是机械套用$BTC 的经验。US stocks used to be as stable as old dogs, but now they've turned into the Wild West. They're selling in two or three days, and a month's rally is done in a week. Storage stocks are the most typical: SanDisk jumps nearly 9 points in one day, drops 6 points the next, pumping back and forth without a moment's breath. The reason is that macro variables are too big. US Treasury yields change daily, oil prices fluctuate, geopolitics keeps pulling at the market. Funds can only trade short-term, not long-term holds. Institutions are all short-term trades, retail investors are being bought back. In this kind of market, chasing rallies and selling lows is the fastest. You either wait for key points before acting, or keep light positions back and forth. Don't heavily bet on direction Volatility is a double-edged sword: if the rhythm is right, you reap the profits; if the rhythm is wrong, you get punished. Don't rush in when emotions are at their hottest. $BTC $ETH $SNDK #财报观察员: Xiaomi Q2 financial report released—is it a car saving the market or a smartphone dragging things down? #海力士40万亿回购, how to balance expansion and returns by #闪迪回落逾9% has intensified valuation divergence in storage Why am I optimistic about OKB?
The core reason is not the usual "exchange platform token" logic, but the fixed supply of 21 million.
OKX will burn about 65.26 million OKB tokens in 2025 in one go, ultimately fixing the total supply at 21 million; meanwhile, OKB will become the core Gas token for the X Layer. CoinDesk +1
So if in the future:
OKX user growth + increased usage of X Layer + crypto market enters a bull market
Then when demand increases, the fixed supply of 21M will make OKB's price very elastic.
Let me give you a bolder bull market projection
If a relatively complete crypto bull market really appears in 2026–2027, I believe:
First target: $120–150
Second target: $180–220
Third target: $250–300
Extreme bull market: $350–500
But $500 is not my baseline prediction, because with a supply of 21 million, $500 corresponds to about a $10.5 billion market cap, which requires significant expansion of the OKX/X Layer ecosystem value and the entire crypto market.
Conversely, if BTC/the market turns bearish, even if OKB's fundamentals are good, it could fall back to $80–90 or even lower.
So what I want to see most now is not "whether OKB can rise," but whether it can truly hold above $110. Bitcoin just broke through $68,000, with a 24-hour increase of nearly 5%, currently reported at $68,046. This round of rebound is driven by multiple factors resonating together: macro-wise, weak U.S. economic data strengthens expectations for Federal Reserve rate cuts, and easing geopolitical risks boost risk appetite; on the funding side, Bitcoin spot ETFs saw a net inflow of $189 million on the day, ending a five-day outflow streak, with BlackRock's IBIT attracting $144 million in a single day; on the derivatives side, concentrated short liquidations occurred, with $56 million worth of BTC short positions liquidated in the past 24 hours, creating a short squeeze positive feedback loop.
However, the sustainability of the rebound is questionable. The current $68,000 level is close to the average cost line of short-term holders (around $68,700), where a large amount of selling pressure from break-even holders is concentrated. More importantly, trading volume has been continuously shrinking over the past month, and the Coinbase premium index remains negative, indicating weak spot buying in the U.S. CryptoQuant points out that this rise resembles more of a short-covering rally under low volume rather than a trend reversal. If the price cannot break and hold above $68,700 with increased volume, the market may still retreat. In the short term, $68,000 is the focal point of the battle between bulls and bears, and the direction will depend on volume confirmation. Reasons for Ethereum's short-term surge $ETH
⚠️ Sharing only market views, not investment advice
1. Capital rotation, from Bitcoin to Ethereum
After market fluctuations, some funds believe ETH's previous gains lag behind Bitcoin, with relatively low valuation. Spot ETFs continue to see small net inflows, institutional funds are reallocating, and buying pressure is concentrated.
2. Derivatives short covering (short squeeze boost)
Price breaks through key resistance upward, triggering stop-loss closeouts on short positions. Shorts need to buy ETH to cover positions, further pushing the market up and amplifying the rally, driven by leveraged funds.
3. Reduced circulating supply on-chain
A large amount of ETH is staked and locked, exchange reserves continue to decline, and there is limited spot supply available for sale. It doesn't require massive funds to quickly drive the price up. Long-term whales keep withdrawing from exchanges, limiting selling pressure.
4. Macro sentiment improvement
US Treasury yields slightly retreat, market expectations for Fed rate cuts rise, overall risk appetite increases, benefiting crypto assets.
Points to watch
This rally is driven heavily by short-term funds; long-term whales have not aggressively increased positions. If subsequent trading volume does not keep up, a sharp pullback is likely. Key to watch is whether the 1920 resistance level holds. Once momentum fades, the correction could be rapid.
#30年期美债收益率创2007年以来新高 The AI data center deal between Riot and Anthropic indicates that $BTC miners are transforming "mining coins" into "selling power infrastructure".
The large AI data center orders related to Riot and Anthropic are a very important trend in the recent BTC industry chain. In the past, the story of mining companies was simple: when BTC rises, miners rise more; when BTC falls, miners fall harder. Investors treated miners as high-beta BTC assets. Now, with the AI data center demand explosion, the power, sites, grid connection, machine rooms, and high-power operation capabilities held by miners are suddenly being revalued.
This is very enlightening for $BTC itself. Many people previously criticized Bitcoin mining for consuming electricity, thinking miners just convert energy into virtual coins. But with the arrival of the AI era, the market suddenly realizes that power and data centers are among the scarcest resources in the digital economy. AI companies need electricity, GPUs need machine rooms, and data centers require cooling and grid connection. The infrastructure miners built for mining can just as well be redirected to AI clients.
Riot's deal shows that the most valuable asset for miners may not be mining machines, but power access. Mining machines depreciate, coin prices fluctuate, but securing large-scale power, building high-power facilities, and providing long-term capacity for AI clients is extremely valuable in today's capital markets. Thus, miners are transforming from "coin mining companies" into "energy and data center companies." This does not mean the BTC story is failing; rather, the BTC industry chain assets are being re-priced separately.
For the BTC network, this may not be a bad thing. If miners can obtain stable cash flow through AI hosting and data center businesses, they may not have to rely solely on selling BTC to sustain cash flow during price downturns. The income structure of miners becomes more stable, potentially reducing forced selling pressure. The industry will also become more professional: inefficient miners will be eliminated, and high-quality power and infrastructure players will remain.
But for investors, it is necessary to separate miners from BTC. A miner's success in AI does not necessarily mean BTC will rise; a miner's stock price increase may reflect AI data center contracts, not Bitcoin prices. Conversely, BTC rising does not guarantee all miners profit, as electricity prices, debt, equipment efficiency, and data center delivery capabilities all affect company value. Mature markets need to price the asset itself and industry chain companies separately.
This trend is best described as: AI has not taken away BTC's story; it has made the market re-recognize the energy infrastructure left by BTC mining. BTC sells fixed supply and non-sovereign assets, while miners sell power, land, machine rooms, and engineering capabilities. They are related but not the same transaction.
$BTC is currently fluctuating around $64,400, while miners are gaining new valuations due to AI data centers, which itself shows the market is maturing. Previously, all "Bitcoin-related" assets moved up and down together; now miners can have their own AI logic, and BTC can have its own monetary logic. The more the digital economy develops, the more valuable power becomes; the more valuable power is, the more the infrastructure accumulated by BTC mining deserves to be re-examined. As the BTC price surged, the total liquidation amount across the entire network in the past hour reached $1.137 billion, with short position liquidations at $1.067 billion and long position liquidations at $69.96 million. Additionally, BTC liquidations amounted to $630 million, and ETH liquidations reached $407 million. $BTC $BTC Damn brothers, BTC is crazy! It's about to break out in a direction, a big bullish candle with volume directly touched 67251, with a volume of 14,000 BTC traded, which is three times that of a few days ago!
1. The previous high at 65391 has turned into support; the previously huge volume of chips has now been filled by incremental funds.
2. Bitfinex previously said that 1.79 million coins were trapped/profit-taking concentrated between 62,000–65,000 — today's big bullish candle with volume indicates this batch of chips has been taken away.
3. Just now I didn't see any sudden positive news. It looks more like: last Friday leverage warmed up first (OI rebounded, funding rate turned positive) → this week ETF might confirm inflows → rate hike probability dropped to 42%, easing expectations rose → technical breakout triggered volume buying. Four forces intertwined.
4. Next target is the 70,000 psychological level, which is harder to break than 65k. Short-term overbought, most likely to pull back to 65,391 tomorrow to confirm the breakout's validity — a pullback without breaking is stable.While everyone is focused on the price, ETH is quietly closing the gap
$ETH doesn't need to make headlines every day to have the chance to become more valuable.
What truly deserves attention is that stablecoins on Ethereum, DeFi liquidity, RWA assets, and various applications are still continuously growing, while the market's focus remains elsewhere.
This gap of "network usage growth vs. market attention lag" is actually worth our serious observation.
Price tells you the current market sentiment.
But usage might be telling you where the real demand is flowing.
Sometimes, opportunities don't appear under the spotlight but slowly accumulate when no one is paying attention. 👀📈
#DailyOrbit $SNDK dies, and capital is undergoing a major migration
An interesting scene is playing out in the market: SNDK surged then fell back, with high-leverage funds at elevated levels massively hedging and exiting. Some funds did not choose to wait and see but withdrew from the RWA sector, flowing back into BTC and ETH, driving a synchronous rally in the broader market.
In the past period, SNDK has been the market's "capital pump." A large amount of speculative and short-term funds have clustered here to gamble on 24-hour leveraged trading, squeezing liquidity from the native crypto sector. As long as SNDK remains highly popular, it is difficult for Bitcoin and Ethereum to attract incremental funds, mostly maintaining narrow fluctuations.
After this intense rollercoaster, the market logic has shifted temporarily. SNDK contract risks have been exposed, with a double kill on longs and shorts at high levels. Many traders have chosen to reduce their RWA positions, and risk-averse funds have flowed back to the market leaders. Thus, the scene of "SNDK correction, market rally" has emerged.
RWA and native crypto are like two sides of a scale. When one side overheats, funds tilt toward the other. If positive news emerges again in the U.S. stock storage sector, funds may once again flow back into SNDK.
For the broader market, whether this rebound can continue depends on two key points: first, whether the returning funds can stay for the long term rather than leaving after short-term arbitrage; second, whether ETF funds can cooperate with the recovery to provide further momentum.
At this stage, it is a structural repair. Do not simply interpret it as "one falls, everything else takes off forever." Rotation speed is fast, so avoid blindly chasing highs. $BTC
The decisive battle between BTC bulls and bears is about to begin
The chart shows the concentration index of BTC quantity within ±5% of the current BTC price
We draw a baseline at 12%, and it can be seen that whenever the chip concentration exceeds this, it usually indicates that a major fluctuation is about to occur, but it can only predict volatility, not direction
Usually, in a bear market, when the chip concentration breaks through the baseline, a sharp drop follows
> Refer to the first two red circles in the chart, dated November 2025 and January 2026 respectively
But there is one exception, which is the start of the next bull market
> Refer to the only green circle in the chart, dated January 2023
It seems the market is about to give an answer $LAB I previously also tried being short on lab1u and got liquidated at 15u. I realized something: when trading altcoins, don't think about shorting at a high point. Even if you win 99 times and lose once on altcoins, you're done. The only way to play altcoins is to hold a position at a low point when no one is paying attention to the coin, with a position size that corresponds to the maximum loss you can accept.
For example, if you can accept a loss of 100u, then buy 10u with 10x leverage. Even if it goes to zero, you only lose 100u. You're gambling on a 100x return, which would be a 10,000u profit. Once you buy, you don't need to care about the coin anymore. Treat it as if it doesn't exist. By investing in 100 coins this way, you only need to pick one right to break even, and two right to make a pure profit of 10,000u. This is much better than agonizing over when to short or long and trying to increase your win rate.The importance of this matter may be underestimated by most people.
Just now, the U.S. Treasury threw out a "signal flare" — the scale of long-term Treasury repurchases has at least doubled. The 30-year Treasury yield immediately dropped by nearly 10 basis points, and gold surged nearly $100 in the short term. The global market reaction was more intense than many expected.
📌 1. What exactly happened?
On August 19, the U.S. Treasury announced that for "liquidity support repurchase" operations on 10-20 year and 20-30 year long-term Treasuries, the single operation size limit will be raised from $2 billion to at least $4 billion.
This adjustment will officially take effect on September 9, 2026, and last at least until November 4 (the next quarterly refinancing meeting). Meanwhile, the total repurchase capacity for all maturities in Q3 has been increased from $30 billion to $38 billion. The Treasury will announce further guidance on future repurchase sizes at the November 4 meeting.
⚠️ 2. Key understanding: This is not QE
Treasury repurchases are not the Fed printing money to buy bonds (QE). The essential difference is:
· Treasury repurchase (this operation): borrowing short-term debt to buy long-term debt. Using funds raised from newly issued short-term Treasury bills to buy existing long-term Treasuries in the secondary market. The total debt size remains unchanged; it is just "exchanging short for long," without increasing the monetary base.
· Federal Reserve QE (Quantitative Easing): printing money to buy bonds. The central bank directly creates new base money, expands its balance sheet, and injects new liquidity into the market.
So this is not "money printing," but a precise debt maturity management. The market talk of "mini QE" is not strictly accurate — "money printing" without printing money is not real money printing.
🔥 3. Why do this? — The 30-year Treasury yield has surged to 5.3%
The direct reason is that the long-end Treasury market is close to "freezing up." Earlier this week, the 30-year Treasury yield once surged above 5.32%, the highest since 2007.
There was a severe "buyer strike": sellers were offloading long-term Treasuries, but there were not enough buyers. The surge in long-term yields directly transmitted to global stock markets and Asian assets, triggering a global asset sell-off.
The Treasury stepped in at this moment as a "buyer," providing liquidity support to the long bond market. Essentially, it is signaling to the market: "I will not allow long-end yields to rise indefinitely."
📈 4. What happened after the announcement?
· Treasury yields plunged: the 10-year yield dropped to around 4.646%, the 30-year fell nearly 9 basis points.
· Gold surged: a short-term jump of nearly $100.
· The dollar weakened: the dollar index briefly touched the 99 level.
· U.S. stock futures, European stocks, and Japanese night session all rallied.
This was a textbook-level "Treasury market rescue" signal release.
⚠️ 5. But calmly, three risks must be recognized
① $4 billion is a drop in the bucket compared to the tens of trillions in U.S. debt
A single operation limit of $4 billion is symbolically much larger than its actual scale compared to nearly $40 trillion in federal government debt. This operation itself cannot solve the root cause of the massive U.S. fiscal deficit.
② Essentially "exchanging short for long," not truly "paying down debt"
Peter Boockvar, CIO of One Point BFG Wealth Partners, put it bluntly: "This is not repaying debt, just rearranging the maturity schedule of U.S. Treasuries." When short-term debt matures, the Treasury still has to borrow new debt to pay off old debt.
③ May erode the Fed's independence
Some foreign media warn this move is "dangerous" — any form of "demand intervention" could be interpreted by the market as a sign of the Fed's independence being compromised, which could raise inflation expectations and structurally weaken the dollar.
💎 6. Summary: Watch two key dates closely
First date: September 9
Operation officially takes effect. Watch actual bidding participation — will the market accept it?
Second date: November 4
Next quarterly refinancing meeting. The Treasury will announce further guidance on future repurchase sizes.
If selling pressure remains huge, a single $4 billion repurchase may not stop yields from rising. Then this rebound will only be a short-term repair, and the real risk will return.
For the crypto market, the significance is: U.S. Treasury yields are the "pricing anchor" for global risk assets. If the anchor is stable, Bitcoin's macro pressure can be temporarily relieved. If the anchor is unstable, all rebounds may be fleeting.
$BTC 🟣 ETHEREUM: Bulls Are Waking Up?
$ETH is trading near $2,017 after breaking above the recent range.
🔑 Key Levels • Resistance: $2,050–$2,100
• Breakout: Above $2,100
• Support: $1,900
• Major Support: $1,750
A strong daily close above $2,100 could open the way toward $2,250+. If ETH loses $1,900, a deeper pullback becomes possible.
My take: Structure is turning bullish, but confirmation above resistance is important before chasing the move. 📊
#ETH #Ethereum #ETHUSDT #CryptoTrading This week, the focus is on the earnings reports of four major U.S. retail giants: Home Depot, Lowe's, Target, and Walmart. So far, three have reported, with only Walmart remaining.
Home Depot and Lowe's, major U.S. home improvement retailers, represent large discretionary spending in the U.S.
Target and Walmart, major U.S. general retailers, represent everyday consumer spending in the U.S.
Up to now, the earnings reports from Home Depot and Lowe's clearly indicate that large discretionary spending in the U.S. is cooling off. Although there hasn't been a sharp drop, the trend is clearly weakening.
However, Target's earnings performed well, so we cannot simply conclude the strength or weakness of U.S. consumer spending. Instead, a structural shift has emerged: large discretionary spending is weakening, while everyday consumer spending remains relatively strong.
That said, this expectation is not yet 100% certain, as Walmart's earnings report, which better represents everyday consumer spending, will be released before the U.S. market opens tomorrow. Therefore, whether U.S. everyday consumer spending is weakening or remains resilient still carries some risk.
In the worst-case scenario, if Walmart's earnings signal weakening consumer spending, combined with the reports from Lowe's and Home Depot, consumer economic signals will emerge. The market may then rush to price in stagflation expectations, which is a macro risk point to be wary of. Once this risk materializes, it could offset the positive effects brought by the Basent market rescue! #海力士40万亿回购，扩产与回报如何平衡 U.S. Treasury Increases Buybacks
Tonight, the U.S. Treasury announced an increase in the limit for each long-term bond buyback by $4 billion. After a plunge, U.S. Treasury yields stabilized, gold rose above $4500, and U.S. stocks opened lower but climbed higher.
First, this move is symbolic, indicating that the U.S. Treasury recognizes the severity of the problem and is starting to take action to address it.
Second, the scale of this buyback is not large—an increase of $4 billion each time, with four buybacks per month, totaling an additional $16 billion, which exactly offsets the Federal Reserve's cessation of RMP buybacks, resulting in no net increase or decrease.
Third, the buyback funds are still raised by issuing short-term debt, which does not solve the long-term problem and even further exposes the current predicament where the U.S. can only rob Peter to pay Paul, similar to the situation with the yen.
Fourth, the root of the problem lies in a series of disruptive actions by Walsh and Bassett, which have lost market trust. To solve the problem, trust must be rebuilt.
The conclusion remains the same as before: gold benefits doubly. Today's breakthrough above the 200-day moving average at 4500 is very critical. After breaking through, it rose directly to 4550. The outlook remains optimistic. If there is a pullback, it is important to watch for stable opportunities.
Supported by optimistic sentiment in U.S. stocks, a quick recovery also occurred, but caution is advised as the situation may still develop, especially with the upcoming minutes of the monetary policy meeting tonight, the Jackson Hole meeting on August 28, and the Bank of Japan's rate hike in September. If the market continues to decline significantly, that will be a time to pay attention (AI fundamentals change).
The logic for Bitcoin follows gold but is weaker; it remains to be seen if it can break through the 65,000-70,000 range.
For A-shares below 3900, there is no need to be pessimistic; below 3850, opportunities outweigh risks.
The situation improved somewhat today, but many uncertainties remain. Overall, the liquidity crisis is a gold-digging pit.
If high-quality assets in U.S. stocks, A-shares, and gold can fall further, providing more opportunities to enter, that would be better. Position control is very important now; around seven layers is suitable for entering and exiting. If risks arise, there are bullets to add, and rebounds can also be captured. This approach is more appropriate.
The above is only a personal opinion and does not constitute investment advice. Please be aware of risks. Solana is getting attention from both Wall Street and developers , and the timing is interesting. 👀 🏦 1. Morgan Stanley is adding SOL staking exposure Morgan Stanley launched its Solana Trust (MSOL) in July, giving investors traditional-market exposure to SOL. Now, Galaxy has been selected as one of the institutional validators to provide staking infrastructure for Morgan Stanley’s Solana and Ethereum ETPs. Morgan Stanley +1 That means the story isn't just “institutions are buying SOL.” They'rETH surges to 2000, BTC climbs straight to 66,700: Is this a short squeeze or a "bull market's quick return"?
This rally finally shows a signal different from previous ones:
BTC and ETH break through simultaneously, not just BTC pulling the index alone.
BTC once surged to around $66,700, up 3% intraday; ETH is approaching $2,000 again, with a 24H increase of about 3.7%.
In the short term, of course, there is some short covering pushing the price, but if it were purely a short squeeze, we would usually see a sharp price rise, OI decline, and then a quick pullback.
What’s more noteworthy this time is that BTC spot ETFs have recently seen about $298 million in single-day net inflows, indicating spot funds are starting to participate.
So I won’t directly call it a "bull market return" yet, but the nature of the market is indeed upgrading.
Next, just watch for two confirmations:
Whether BTC can turn 65K from resistance into support;
Whether ETH can truly hold above 2000 and drive ETH/BTC to continue rising.
If after the breakout the price retests without breaking down and volume continues to expand, that’s a trend.
If it quickly falls back into the original range, then today is still just a beautiful Short Squeeze.
Liquidations can ignite the fire, but spot funds are what can turn the fire into a trend. $BTC $ETH
#30年期美债收益率创2007年以来新高