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I have to admit, this unlock didn't play out the way many expected.
Despite the massive 9.1B share unlock, $SPCX has held up surprisingly well. The lowest price was around 115.3, far from the sharp sell-off many anticipated.
So what's happening? Are investors simply choosing not to sell? Is confidence in Musk that strong?
What's even more surprising is that the positive earnings reaction outweighed the potential selling pressure from the unlock. A few optimistic comments from Musk seemed to have a much bigger impact than one of the largest unlock events in recent memory.
I was watching the 115 area, and price came within 0.3 of that level before buyers stepped in aggressively.
The bulls are defending this zone with conviction. Whether that's genuine demand or institutional support is up for debate, but for now, the market is clearly absorbing the new supply better than many expected.
$SPCX
#SandiskBeatAndBuyback #CircleArcLaunch $SPCX's current unlocking of a 100 billion scale is the biggest short-term turning point in this round of the market.
At the opening, it sharply dropped to 105.39 but did not trigger a sustained stampede crash.
The core reason is that the negative impact of the unlocking had already been fully priced in and digested by the market several days in advance.
The sharp drop after the earnings report and consecutive days of decline had pre-exhausted most of the panic selling sentiment.
After the sharp drop at the opening, it quickly rose to 115, which is essentially a typical short squeeze covering.
The short positions that were previously set up to push the price down failed, and their concentrated exit triggered short-term buying.
Retail investors showed strong enthusiasm for bottom-fishing, with the buying volume in the first hour of trading ranking among the top three in the stock's listing history.
The dense low-level trading zone provided sufficient support, firmly locking the space for a deep decline.
The just-released weak US wholesale inventory data slightly boosted rate cut expectations, supporting risk assets.
Multiple short-term positive factors combined to jointly push the stock price to rebound and strengthen rapidly from the low.
However, this round of rise does not mean the medium-term downtrend has completely reversed.
The rally mainly relies on short sellers taking profits and retail investors following the trend, without large-scale entry of long-term main funds.
This is only the first round of unlocking; subsequent multiple rounds of selling windows will continue to bring selling pressure.
Short-term indicators have quickly surged into the overbought zone, and the pressure of a high-level pullback is accumulating.
Resistance levels at 115.5 and 117 above will significantly suppress the rise.
It is difficult for a single-sided surge to continue in the short term; a high pullback and range-bound oscillation are the most probable trends.
The intraday strength dividing line is set at $110, which is the key short-term boundary between bulls and bears.
Holding above 110 will maintain a slightly strong oscillation, continuously testing the upper resistance.
A decisive break below 110 will cool this rebound, likely returning to a weak consolidation.
105.39 is the intraday extreme support; breaking below this point will restart a new round of decline.
Looking ahead to the next few days, Friday's non-farm payroll data is the core key to determining the medium-term direction.
If non-farm employment data is strong and hawkish, rate cut expectations will cool, and the rebound is likely to be reversed.
If non-farm data is weak and dovish, risk assets will recover, and the rebound space will further open.
From a fundamental perspective, the company's long-term growth logic in AI, Starlink, and aerospace orders remains intact.
Short-term fluctuations are just chip games, not a deterioration of the company's fundamentals.
Overall, this is only a repair rebound after the negative impact has landed, not a trend reversal.
Short-term trading can speculate on the low-level rebound, but blind chasing at high levels is strictly prohibited; beware of the risk of a high pullback.
Medium-term remains cautious; unlocking pressure has not completely dissipated, and there are still shorting opportunities at rebound highs.
Future operations should closely watch the two key points at 110 and 105.39, combined with non-farm data for medium- and long-term judgment. #闪迪财报双超预期，新增140亿美元回购授权 #Circle财报后押注Arc，USDC能否迎来新增长？ Theory is fine but numbers matter. I decided to test the current network load. The task was simple. Do 50 swaps on STONfi at different times and measure the time from clicking confirm to tokens hitting the wallet. I swapped TON for USDe and back to exclude volatile tokens from the results.
I split it into three stages. Morning when it is free. Daytime with medium activity. Evening peak when everyone is trading. Each stage was about 15 to 20 swaps. I made small pauses between transactions to avoid putting artificial load on a single pool.
Results. Minimum time was 2 seconds. Maximum during the busiest evening hour was 6 seconds. Average across 50 swaps was 3.5 seconds. Not a single transaction got stuck or needed to be resubmitted.
In other networks evening peaks mean waiting minutes and paying huge fees. In TON speed stayed stable and gas did not move. Omniston on STONfi finds the best rate instantly without adding delays. The network does exactly what the documentation promises.
$ETH Initial jobless claims fell below 200,000; rate cut expectations have to be pushed back again
Last week, initial jobless claims in the US dropped to 199,000, staying below 200,000 for three consecutive weeks. Market expectations were 205,000. The four-week moving average also fell to the lowest level since 2022.
The labor market remains strong, reducing the urgency for rate cuts by a bit. The market's bet on rapid rate cuts may be moving too fast.
Long-term US Treasury ETFs face repricing pressure. On the risk asset side, cooling rate cut expectations mean that expectations for liquidity easing need to be postponed. BTC and ETH face short-term pressure, but this does not change the medium- to long-term direction, only the pace is adjusting.
The economy is not cooling rapidly; rate cut trades need to find new support.
Rate cuts will come, but not that soon. Don't chase the news $BTC $ETH $SNDK #闪迪财报双超预期，新增140亿美元回购授权 #Circle财报后押注Arc，USDC能否迎来新增长？ #财报观察员：业绩喜忧参半，解禁将至！SpaceX后续怎么看？ The 64K level held two hours ago, pushing $BTC back below the resistance edge; however, this rebound just hit the area most valued by the previous round of bears.
Chen has switched from cashing out short positions to waiting for a 63.5–63.8K pullback to go long, with failure looking at 62.7K; WWG still regards 64.8–65.2K as major resistance, believing that spot and perpetual buy orders must continue for a breakout. Osbrah leans more toward buyers still controlling the structure but chooses to wait before the non-farm payrolls, only turning bearish if the four-hour candle closes below the range control point.
OKX spot has returned to this resistance edge, and the U.S. Labor Statistics calendar confirms that the non-farm payrolls will be announced tomorrow night Beijing time. Overall judgment: this is a "support rebound into resistance," not a breakout; only a firm hold and pullback confirm continuation, while resistance and a four-hour break below the control point signal a retracement. Will you wait for a breakout pullback or reduce positions before resistance?
$BOT has taken profit and pushed to breakeven; $UB and other small coins only have technical signals without official catalysts, so no opportunities are listed this round.
For informational and opinion purposes only, not investment advice.Retail investors are running, institutions are running, only a group of people are buying aggressively
Last week in the US stock market, the players at the three tables made completely opposite moves.
Hedge funds had a net purchase of $4.8 billion, the second largest weekly purchase since 2008. In the same week, institutional investors had a net sale of $3.8 billion, abruptly cutting off the previous four-week buying trend. Retail investors also slightly reduced holdings, net selling $200 million. Data from The Kobeissi Letter shows that, by proportion of the total market cap of the S&P 500, this hedge fund purchase ranks 24th in history.
One side is charging ahead, the other two are pulling out. This kind of split is much more interesting than just a simple rise or fall.
First, we need to distinguish that these three groups of money behave differently. Hedge funds are fast money, focusing on position turnover; heavy positions today and clearing out tomorrow are common, many also use leverage. Institutional investors are more about allocation, like pensions and mutual funds; adjusting positions requires meetings and procedures, so their moves are slow but steady. Retail investors are simpler: they add when prices rise and retreat when prices fall.
So what’s really worth pondering is that slow money is reducing, while fast money is aggressively adding. Slow money reducing positions usually means valuations are no longer cheap, while fast money adding aggressively often bets on a short-term window. When these two happen simultaneously, it roughly translates to: this rally isn’t supported by a solid base, but by a batch of money that can turn around at any time.
Coincidentally, on the same day, JPMorgan CEO Jamie Dimon said on CNBC that market margin debt has reached a historic high, and some borrowings aren’t even counted in margin debt, hidden within prime brokers, hedge funds, ETFs, and Treasury arbitrage strategies. He admitted leverage is high but said it doesn’t yet pose a systemic threat. Warning with one hand, reassuring with the other—think about that.
The crypto side is actually the same story. Arkham monitored that BlackRock’s IBIT has been buying every day this week, accumulating about $478.5 million worth of BTC, looking like institutions are adding positions. But CryptoQuant data shows that institutional BTC holdings, including trusts, ETFs, and closed-end funds, dropped from 1.33 million to 1.2 million BTC in three months, a decrease of 130,000 BTC. Money is moving between institutions, not new money entering.
The market also confirms this. BTC is still grinding between 64,000 and 65,000; the 200-week moving average at 63,657, the average cost line for buyers over the past four years, has just been surpassed, but volume hasn’t followed; Coinbase premium index has been negative for 80 consecutive days, currently at -0.0978, the longest negative streak on record for this indicator. Domestic spot buying in the US hasn’t caught up; the price is still supported by the existing supply circulating within the market.
So when looking at capital flows, don’t just focus on the net inflow total—that’s the net decision of all participants, including new money, old positions moving, and passive sell orders. The only truly valuable question is: is this buying done by slow money or by fast money that can exit anytime?
How long do you think this supporting money can hold up the market? The 9.1 share unlock turned out to be far less bearish than many expected.
Many traders anticipated heavy selling pressure, yet $SPCX never experienced the major collapse that some had feared. The intraday low was around 115.3, remarkably close to the 115 support zone that many were watching.
So why didn't the stock fall harder?
One possibility is that many eligible shareholders simply chose not to sell. A lockup expiration only allows insiders to sell—it does not mean they are required to. If employees, early investors, or long-term holders remain confident in the company's outlook, they may decide to keep their positions.
It's also worth remembering that the earnings reaction and the lockup are two separate events. The post-earnings volatility was driven largely by the market's interpretation of the results and management commentary, while the lockup expiration appears to have had a much smaller immediate impact than expected.
Key Takeaways
✅ Lockup expirations do not automatically trigger sharp declines.
✅ Market demand can absorb newly tradable shares if buyers remain active.
✅ Investor sentiment and company fundamentals often matter more than the unlock event itself.
As for the strong defense around key price levels, it's difficult to conclude that there was any intervention. Strong support can emerge naturally from institutional buying, algorithmic trading, short covering, or investors viewing the pullback as a buying opportunity. Without evidence, it's not possible to attribute the price action to market intervention.
The lesson is simple: a token or stock unlock is a risk factor—not a guarantee of a sell-off. The market ultimately decides whether new supply overwhelms demand.Ethereum Open Interest Surpasses $4.71 Billion: Healthy Capital Inflow Without Overheating Signs?
Ethereum price shows stable movement around $1,907, while Binance's open interest Z-score (30-day rolling) records 0.43, steadily maintaining above the 30-day moving average.
Open Interest Z-score: Measures the deviation of futures open interest from the average level, used to assess market overheating and sharp liquidation risk.
Stability of Capital Supply and Demand: Total open interest ($4.71 billion) is above the 30-day moving average ($4.62 billion), but the Z-score of 0.43 is very stable compared to the overheating range (Z-score above 2~3).
Non-speculative Real Demand: Not driven by aggressive leverage battles from one-sided long/short bias, but a gradual and balanced position building process.
Future Upward Momentum: If price increases occur simultaneously with rising open interest, it can be interpreted as new cash capital inflow supporting a sustainable real bull market.
Currently, the Ethereum futures market is in a phase of healthy energy accumulation without any overheat clouds or large-scale chain liquidation risks.Everyone is quoting 99% vs 1%.
The data shows 70% vs 4.6%.
$UNI vs $HYPE 👇
• Share of fees reaching the token (30 days)
→ HYPE 70.0%
→ UNI 4.6%
• Buybacks (July)
→ HYPE $38.42m
→ UNI $4.38m
• Buybacks (cumulative)
→ HYPE $1.19b
→ UNI $29.15m
• FDV / annualized revenue
→ HYPE 134x
→ UNI 65x
Still an overwhelming advantage in capture. Still paying double the price for it. After entering this $BTC position,
my heartbeat hasn't slowed down.
Long position entered at 63574
100x leverage, 0.1 BTC
Margin 360U
Current price 64746, unrealized profit 117U
Increase of 184%
On paper, it's profitable,
but I can't smile at all.
This morning, I pocketed 142U from ETH,
In the afternoon, BEAT cut 151U in one go.
I've been on a roller coaster all day without getting off.
This $BTC position is the heaviest card in my hand.
If played well, it turns positive today,
If not, it’s like rubbing salt in the wound.
Liquidation at 60250,
4500 USD away from current price, a 7% buffer.
At 100x leverage, 7% is not a big crash,
It might just be a normal spike at night,
or a panic stampede when breaking below 64000.
360U margin plus 117U profit
all squeezed into this narrow gap.
The 1-hour chart hit resistance at 65026,
MACD just crossed down, green bars appearing.
The pullback pressure is significant.
Immediately moved stop loss to between 63600 and 63800.
If triggered, exit with forty or fifty U.
If held, continue holding.
Absolutely cannot let it slide from unrealized profit
into the abyss like BEAT did this afternoon.
$ZBT surged nearly 70 points tonight,
Trading volume over 100 million, funds are active.
But past 11 PM, coins with such vertical spikes
are likely to get stuck at the top if chased.
Place a limit order from 0.14 to 0.15.
If no pullback, just ignore it.
$SPCX is violently fluctuating between 105 and 115,
Directionless US stocks.
No energy or mood to gamble today,
Won't touch it.
Today has been mentally exhausting enough.
Before sleep, just do one thing:
Set the stop loss for BTC properly.
Account is still there, principal is still there.
There are new K-lines to watch tomorrow.
That's it for tonight. [BTC Holds Firm at 64K, SanDisk's Earnings Explode but Faces "Valuation Kill", Storage Sector Plummets]
Brothers, BTC has stabilized above $64,000, and ETH has also risen above $1900. But today's real market focus is not on the major indexes, it's on SanDisk.
SanDisk Earnings: Revenue Surges 372%, But Market Unconvinced
SanDisk's Q4 earnings blew expectations away—revenue of $8.97 billion, up 372% year-over-year and 51% quarter-over-quarter, far exceeding the market expectation of $8.39 billion. Non-GAAP EPS was $39.25, also well above expectations. Gross margin was 84.6%, net profit $6.903 billion.
However, the market reaction was: after-hours plunge of nearly 8%, and pre-market continued to fall over 10%.
Why? Because the guidance missed expectations. SanDisk's revenue guidance for the next quarter is $10.3 billion to $10.8 billion, midpoint $10.55 billion, below the market expectation of $10.82 billion. Citibank lowered its target price from $2500 to $2100. The market is starting to reassess whether AI infrastructure investment can continue to support the previous rapid growth of the storage chip industry.
Storage Sector Plummets Across the Board
Dragged down by SanDisk, storage chip stocks collectively plunged pre-market—Western Digital fell over 13% to 19%, SanDisk dropped nearly 9% to 12%, SK Hynix fell over 6% to 8%, Micron Technology dropped over 3% to 6%. AI storage demand is still expanding, but market expectations for the future have become increasingly stringent.
Market Overview: BTC Holds Firm at 64K, ETF Net Inflows Continue
BTC opened Thursday at $64,602, up 0.9% from the previous day. Influenced by the US-Iran ceasefire and expectations of the Strait of Hormuz reopening, international oil prices fell sharply, easing market inflation concerns and restoring risk appetite.
Regarding ETFs, the US Bitcoin spot ETF saw net inflows for the third consecutive trading day, with $244 million net inflow yesterday. BlackRock's IBIT has cumulatively bought about $478.5 million worth of Bitcoin this week. The 7-day net inflow was 9,034 BTC, valued at $582 million.
Today's Focus: Initial Jobless Claims Data
Tonight, the US will release initial jobless claims data, previous value 197,000, expected 201,000. ADP employment data has already weakened significantly; if initial claims continue to rise, expectations for rate cuts will further heat up.
Summary:
SanDisk's earnings themselves are explosive, but the guidance missed expectations + previous large gains + valuation overstretch led the market to "kill the valuation." The storage sector is under short-term pressure; the mid-to-long-term logic of AI storage demand remains, but market expectations have been stretched too far. BTC holding above 64K and continuous ETF net inflows are positive signals. Tonight's initial jobless claims data and tomorrow's non-farm payrolls are the real highlights of this week.
$BTC $ETH $SNDK $WDC $MU $SKHY
#BTC #ETH #SNDK #SanDisk #StorageChips #EarningsSeason #NonFarmData #ContractTradingLooks like this morning's view is playing out.
$SPCX 's rally turned out to be a classic bull trap, drawing in late buyers before reversing sharply. Price has now fallen back to 110, wiping out the gains from the past few days.
I entered at 110, watched it rally to 130, and now it's right back where it started.
The first token unlock begins at 9:30 PM, and market nerves are clearly building. That said, the largest unlock doesn't mean all 910 million tokens will be sold immediately.
However, if even 100–200 million tokens hit the market around current prices, a move toward the 100–105 range wouldn't be surprising.
Fear often attracts bottom buyers, but with multiple unlocks scheduled throughout August and September, supply pressure could continue to weigh on price.
Stay patient, manage risk, and watch how the market absorbs the unlocks.
#SandiskBeatAndBuyback #CircleArcLaunch $ADA's current rally may drive $XRP
A complete association analysis between ADA (Cardano) and XRP (Ripple)
I. Underlying Core: Completely Independent, No Native Binding
1. Development Entities Completely Separate
◦ XRP: Launched in 2012, developed by Ripple Labs, underlying ledger is XRPL Ripple Ledger, consensus mechanism is FBA Federated Byzantine Agreement, primarily focused on bank cross-border payments, token XRP has a fixed pre-mined total supply of 100 billion.
◦ ADA (Cardano): Launched in 2017, developed by IOHK, founder Charles Hoskinson (former co-founder of Ethereum), uses Ouroboros Proof-of-Stake (PoS), focuses on academic public chain and decentralized smart contracts, ADA token has no total supply cap and is inflationary with annual issuance.
Both companies, underlying blockchains, token economics, and core sectors are completely independent with no equity or technical foundational relationship.
2. Early Conflicts, Later Reconciliation and Cooperation
The two communities were long opposed in early years, with founder Charles publicly clashing with the XRP community; after 2025, they fully reconciled and began official cooperation, which is the main source of their association.
II. Current Confirmed Cooperation (Official Actions 2025-2026)
1. Wallet Interoperability
Cardano's official wallet Lace completed XRP support by the end of 2025, allowing users to store and transfer XRP and ADA within the same wallet, connected via the CCIP cross-chain protocol enabling asset interoperability between the two chains.
2. Sidechain Ecosystem Integration
Cardano's privacy sidechain Midnight issues exclusive airdrops to XRP holders, allowing them to receive NIGHT tokens at zero cost; it also supports XRP-based lending, staking, and other DeFi operations on the Midnight chain.
3. Enterprise Payment Linkage
Ripple stablecoin RLUSD launched on the Cardano network, leveraging Cardano's layer-2 scaling solution Hydra to build an on-chain payroll system for enterprises, providing compliant payment services for cross-border companies, forming a combined solution of "XRP liquidity + Cardano smart contracts."
4. High-Level Offline Communication
Cardano founder Charles has met multiple times offline with Ripple CEO Brad Garlinghouse and CTO David Schwartz, jointly participating in Fed-hosted crypto industry roundtables to discuss regulation and cross-chain industry standards cooperation.
III. Market and Price Correlation (Trading Perspective Focus)
1. Short-Term Sentiment Resonance
Both belong to the regulated financial sector tokens, targeting institutions, cross-border payments, and regulatory-friendly narratives:
◦ Positive: US crypto regulatory easing, institutional capital inflows, bank blockchain adoption news usually cause ADA and XRP to rise together;
◦ Negative: SEC regulatory tightening, institutional sell-offs, cross-border payment sector downturns cause both to face pressure simultaneously.
2. Mid-Term Divergence
Fundamental logics are completely different, after large rises or falls their trends diverge:
◦ XRP price is highly tied to Ripple-SEC litigation, bank cooperation orders, and cross-border payment policies;
◦ ADA price is tied to on-chain developer count, layer-2 scaling progress, academic and technical upgrades, and DeFi ecosystem activity.
3. No Strong Capital Binding
No single institution holds heavy positions controlling both simultaneously; they are two assets linked by sentiment but fundamentally independent, with no "rise and fall together" strong binding rule.
IV. Summary
1. No underlying blood relation: two independent public chains, different development companies, different technical systems, no subordinate or common origin relationship;
2. Deep commercial cooperation: official cross-chain, wallet, and payment business cooperation reached in 2025, high-level communication, community friendliness;
3. Market only sentiment linkage: same sector brings short-term price resonance, but core driving logics are completely separate, trading should not simply mirror each other's price movements. Institutional fund flows on August 6, 2026, show a stark "asymmetric incremental" pattern with $582 million inflows into BTC ETFs and $77.37 million inflows into ETH ETFs over the past 7 days.
1. Current Analysis of ETF Fund Inflows: BTC as Hedge vs ETH Narrative Reshaping
1. BTC ETF ($582 million): Despite pullbacks in hardware stocks like SNDK in the US market, institutions still view BTC as a "resilient reserve" against macro uncertainty (gold surging toward $4,200). This capital provides strong buying support in the $58,500 - $60,000 range.
2. ETH ETF ($77.37 million): Although inflows are smaller than BTC, continuous net inflows over 7 days indicate institutions are shifting ETH’s identity from a "high-beta altcoin" to an "institutional-grade programmable asset." Especially after Circle Arc announced integration of ETH/SOL, inflow speed shows signs of acceleration.
2. Statistics: Top 10 Coins Most Impacted by ETH Fund Inflows
Monitoring position growth rate, correlated trading volume, and $ETH exchange rate correlation, the following 10 coins are core beneficiaries after ETH ETF inflows:
[1] $LDO (Lido)
● Correlation: 0.92
● Reason: Incremental ETH funds entering ETFs eventually flow through custodians to LSD (liquid staking derivatives) seeking extra yield; $LDO is the preferred institutional-grade target.
[2] $OP (Optimism)
● Correlation: 0.88
● Reason: As the governance core of Ethereum Layer 2 (L2), ETF inflows typically ignite market expectations for valuation reshaping of the Superchain ecosystem.
[3] $ARB (Arbitrum)
● Correlation: 0.85
● Reason: The L2 with the highest TVL in the Ethereum ecosystem. Institutional ETH allocations often come with hedging positions in $ARB.
[4] $ENS (Ethereum Name Service)
● Correlation: 0.81
● Reason: As Ethereum’s native identity infrastructure, it is regarded by institutions as a "soft asset" holding within the ETH ecosystem.
[5] $AAVE (Aave)
● Correlation: 0.79
● Reason: With Circle Arc advancing RWA implementation, Aave, as Ethereum’s top lending protocol, absorbs significant stablecoin liquidity demand from institutions.
[6] $SSV (SSV Network)
● Correlation: 0.76
● Reason: DVT (Distributed Validator Technology) is the security cornerstone for institutional ETH staking, highly favored by institutional funds.
[7] $PENDLE (Pendle)
● Correlation: 0.74
● Reason: Institutional-level interest rate swap demand. With ETH ETFs launching, market demand for ETH yield management has surged.
[8] $UNI (Uniswap)
● Correlation: 0.72
● Reason: Increased ETH spot trading volume directly boosts Uniswap’s protocol fee revenue expectations.
[9] $STRK (Starknet)
● Correlation: 0.69
● Reason: The main recipient in the ZK (zero-knowledge) sector when ETH funds overflow.
[10] $PEPE (Pepe)
● Correlation: 0.65
● Reason: As a "liquidity leverage" on the ETH chain, speculative funds rapidly amplify gains through $PEPE whenever ETH ETFs bring fundamental improvements.
3. Trading Strategy Recommendations
1. "BTC Defense, ETH Bounce" Strategy
* Core logic: Use the $582 million BTC ETF funds to establish a bottom defense.
* Operation: As long as BTC stays above $58,000, maintain 50% BTC base holdings, allocate another 30% to $LDO and $OP to play the delayed catch-up rally of ETH ETFs.
2. "ETF Fund Overflow" Arbitrage Strategy
* Operation: Monitor ETH/BTC exchange rate. If the rate stabilizes above 0.045 with sustained volume increase, it indicates the $77.37 million increment is triggering a return of altcoin season. At this point, decisively rotate from BTC to $ARB or $AAVE.
3. Risk Hedge: Beware of SNDK and Gold Drain
* Operation: If gold continues toward $4,300 or US stock SNDK falls below the key repurchase zone of $1,150, ETF inflows may be offset by secondary market selling pressure.
* Stop-loss suggestion: Set $ETH stop-loss at $2,320 (below the dense liquidation zone in the past 24 hours).
Summary: BTC fund inflows represent "stock protection," ETH fund inflows represent "incremental ignition." Current trading should not be aggressive; focus on positioning in $LDO and $AAVE to capture the capital transmission process from "ETF spot purchases" to "on-chain protocol applications." $BTC $ETH $MSTR $XRP#谷歌AI高层重组，核心人才流失引关注 On August 5, Google implemented the largest AI architecture reorganization since the 2023 merger of Google Brain and DeepMind. Coupled with the collective departure of several top technical veterans, this personnel upheaval has triggered significant concern in the capital markets. Alphabet's market value evaporated by over $180 billion in a single day, with its stock price plummeting more than 4%.
This personnel adjustment follows two main lines: DeepMind founder and Nobel laureate Hassabis relinquished all daily operational authority, retaining only the roles of chairman and group chief scientist. The former CTO took full control of the commercialization business, including the Gemini model and product deployment. Jeff Dean, Google's chief scientist for 27 years, left with the core Gemini R&D team to start a new venture. This team includes core researchers in distributed computing power and foundational large model architecture, directly hollowing out Google's core AI R&D strength.
The root cause of this change is the group's strategic shift: management is weakening scientists' autonomy in R&D, fully tilting resources toward AI commercialization. The influence of researchers continues to shrink, compounded by OpenAI and Anthropic's ongoing high-salary poaching, making talent loss a long-term trend. Currently, Google's flagship Gemini 3.5 Pro has been delayed multiple times, with programming capabilities lagging behind competitors. The departure of core personnel further extends the model iteration cycle and weakens the technical moat.
Short-term market pressure is clear, with capital worried about slowed R&D progress and declining AI business competitiveness. In the mid to long term, there is a differentiation logic: the new management's focus on commercialization may accelerate cloud AI monetization, but ongoing talent loss will continue to suppress valuation. Future tracking of Gemini's new version deployment progress and internal talent retention is necessary. $BTC $ETH $SNDK Unrealized profit of 150,000 looks impressive, but if ETH falls back to 1810, it will be wiped out
In the middle of the night, while monitoring the market, I saw a notification that Brother Maji Huang Licheng’s address added to his position again. Currently holding a 25x leveraged long position on ETH, 5,415 coins, nominal value of 10.36 million USD, average entry price 1884.02, with an unrealized profit of 154,000 USD.
The numbers look intimidating. But my first reaction wasn’t the unrealized profit, it was the 25x leverage.
25x leverage means using 1 dollar to control 25 dollars worth of assets. For a 10.36 million position, the actual margin put in is just over 410,000. So the 154,000 unrealized profit is over 30% of the principal, which does feel good.
But looking at it the other way isn’t so pretty. With 25x leverage, if the price moves about 4% against you, the principal is wiped out. The average price is 1884; if ETH falls back to around 1810, this position is basically done. ETH is currently quoted near 1913; that gap is basically just a decent wick away.
This is why I think people’s unrealized profit screenshots should be taken with a grain of salt. Unrealized profit is just a number not yet realized; leverage is the real indicator of how long you can survive. Earning the same 150,000, some do it by holding 10 million in spot and watching it rise a bit, others by risking 410,000 principal with 25x leverage. The risk profiles are completely different.
Looking at the current market, opening a high-leverage long here feels more like betting on time. BTC has been oscillating between 64,000 and 65,000 these days; the 200-week moving average is at 63,657, which is the average cost line for buyers over the past four years. It just broke above it but with no volume support; breaking above without volume is basically not breaking above. Coinbase premium index updated today to 80 consecutive days of negative premium, latest reading -0.0978, the longest continuous negative on record for this indicator, meaning the local US spot buy-side hasn’t caught up.
The liquidation map doesn’t look good either. If it drops below 61,456, mainstream exchanges have a cumulative long liquidation intensity of 1.527 billion USD; if it rises to 67,341, there’s 1.437 billion USD of short positions stacked. Walls on both sides, empty in the middle. Once the market is pushed to either side, the first to be sold off by the system are always those with the highest leverage, regardless of who you are or how confident you were when opening the position.
So the real use of this notification for us isn’t whether to copy the trade, but to use it as a ruler to measure ourselves. For your current position, how many points of adverse price movement will start to hurt, and how many points will trigger forced liquidation? If you can’t answer these two numbers, you’re not trading, you’re gambling on luck.
In a sideways market, the most costly mistake is never wrong directional judgment, but too high leverage that can’t hold until the direction emerges. For the position you hold now, how much percentage of adverse movement can you withstand? 980,000 addresses showed overnight abnormal activity—this time it's not a bull market coming
In the past two days, a number rarely seen on the Bitcoin chain has appeared. Daily active addresses surged to 980,000; the last time it reached this level was in December 2024.
In the past, when such data appeared, everyone's first reaction was that the market was about to move. On-chain heat usually means someone is entering the market.
But this time, it's really not.
Glassnode put it bluntly: this round of on-chain activity growth is mainly driven by panic. Holders are migrating wallet mnemonics, moving funds to other custody methods. Translated, this means that among these 980,000 addresses, a significant portion are not buying coins but moving house.
The reason for moving house was discussed a few days ago: a firmware vulnerability in Coldcard. On-chain, 1,596 BTC have been confirmed stolen, with losses exceeding 100 million USD.
What chills people the most is not the stolen amount but where this vulnerability is hidden. Coinkite’s own review said the flaw is neither in the Bitcoin code nor in the cryptographic algorithms; it lies at the boundary between two unrelated firmware submodules. At this position, it evaded years of manual audits and AI-assisted audits.
After the incident, they didn’t give up and ran three cutting-edge models to re-audit all the code, but none detected it.
I always remember a phrase from SlowMist’s Yu Cosine: this attack targeted the core Bitcoin faith community. Those who use hardware wallets for cold storage are the most meticulous about self-custody and the least trusting of third parties. Now many of them are moving their coins elsewhere overnight.
So you see, the on-chain data is hot, but the direction of the heat is completely wrong. This is not the heat of funds entering; it’s self-rescue after trust collapse. Glassnode also added that this change does not represent a shift in market belief.
I think it might represent something heavier. Over the years, we have been taught that if it’s not your private key, it’s not your coin. This is still true, but there is an unspoken premise: you must first ensure that the code generating that private key is clean.
And ordinary people simply cannot verify this. The most you can do is pick a reputable brand and choose to trust it. This is essentially the same as putting your coins on an exchange; the difference is just that the trusted entity has a different name.
The market remains stagnant; Bitcoin is still hovering around 64,000, as if nothing happened.
Where are your coins now—hardware wallet, exchange, or can’t you even say clearly yourself? #黄金重返4200美元，BTC为何没跟涨？
🔥 First, let's look at the data—no fluff
Gold has been really strong lately. London spot prices have already touched $4267/oz, and New York futures surged to around $4330, just a breath away from the all-time high. Meanwhile, BTC? It's still hovering around 64,000, like a sleepy tiger.
Many are puzzled: wasn’t BTC supposed to be "digital gold"? So why is real gold taking off while this "digital version" is lying flat?
🤔 Actually, this has been foreshadowed for a while, but most people don’t want to believe it.
First truth: BTC is no longer the "digital twin" of gold.
The crypto community used to hype the narrative—Bitcoin is digital gold, a safe haven like gold. But data doesn’t lie.
Bitcoin’s correlation with the Nasdaq 100 was 0.68 at the start of 2025, and by February this year it soared to 0.82. Meanwhile, Bitcoin’s correlation with gold barely crawled from 0.12 to 0.15—basically, they’re "doing their own thing."
In plain terms: BTC is now a close sibling to tech stocks like Nvidia and Tesla, while gold is at best a distant cousin. When tech stocks rise, BTC might follow the hype, but when gold rises? BTC couldn’t care less.
💰 Second truth: Institutional money is quietly pulling out.
ETFs used to be the biggest boon for crypto, but now they’re a double-edged sword.
From November 2025 to January 2026, Bitcoin spot ETFs saw net outflows for three consecutive months. Even more painful, mid-July ETF weekly net inflows were $197 million, but by the end of July, that shrank to $33.79 million—a drop of 83% in just one week.
What does this mean? Institutions aren’t buying BTC as a safe haven; they’re selling it as a risk asset. When the market gets shaky, hedge funds sell Nvidia and simultaneously dump BTC. Safe haven? No way. BTC is now the "high-risk tech stock" in institutional portfolios.
📉 Third truth: August has always been BTC’s "danger zone."
Here’s a cold fact: BTC has closed positive in July for three consecutive years, but August? The historical median return is -7.87%, the worst month of the year, no contest.
Since 2022, August monthly candles have mostly closed negative. The market fear index is still at 28 (fear zone), so any bad news could be amplified. Gold is rising due to geopolitical tensions and rate cut expectations; BTC isn’t rising because the market simply has no extra risk budget for it.
🎯 So what’s next?
Don’t expect BTC to move in tandem with gold in the short term—they’re following completely different logics now. Gold’s rise depends on Fed rate cuts and geopolitical safe havens; BTC’s rise depends on institutional money flowing back, tech stocks recovering, and market fear subsiding.
Currently, BTC has been range-bound between 60,000 and 65,000 for a long time. Breaking upward requires volume; breaking below 60,000 means beware of a deep correction. My personal judgment: August will likely remain mostly sideways, with low chances of a one-sided rally.
⚡ Advice for the community brothers:
1. Stop trading with the old mindset of "gold up, BTC must go up"—their correlation has long been dead.
2. Watch ETF fund flows closely; this is the most sensitive short-term barometer. If funds keep flowing out, don’t stubbornly hold on.
3. August is historically volatile; manage your positions well, keep some ammo ready, and strike hard only when certainty emerges.
The market is always changing, and narratives become outdated. Recognize BTC’s true identity now—it’s more like a "high-volatility tech stock" rather than "digital gold." Accepting this reality is the key to surviving in this market.
👇 What do you think? Can BTC make a comeback in August? Let’s chat in the comments.X Layer is gaining serious momentum. 🚀
According to OKX Wallet, X Layer's DeFi TVL has surpassed $100 million, marking nearly 10x growth in just six months.
The ecosystem continues to expand:
• Stablecoin supply has exceeded $2 billion, placing X Layer among the world's top public chains.
• Over 4.2 million cumulative active addresses.
• More than 400 million on-chain transactions processed.
What's even more interesting is that DeFi TVL represents only around 5% of the total stablecoin supply. That suggests a significant amount of capital is still sitting on the sidelines, leaving plenty of room for deeper DeFi adoption.
The next phase will depend on whether X Layer can attract high-quality protocols, real user activity, and sticky liquidity. If it does, this could be the beginning of a lasting ecosystem expansion—not just a temporary spike in the data.
$OKB
#SandiskBeatAndBuyback #CircleArcLaunch $SNDK SanDisk (SNDK) oscillates back and forth—is it a shakeout or distribution?
Core conclusion first:
At this stage, it cannot be simply defined as a traditional main force shakeout; it is a wide-range oscillation formed by large profit-taking at high levels + short-term funds repeatedly competing; half is chip exchange, half is emotional divergence after positive news landing.
1. Why the continuous back-and-forth shake and roller coaster market
1. Huge gains previously, extremely loose chip structure
The gains this year are astonishing, long-term funds entering at the bottom have rich floating profits, and whenever it surges, some funds choose to take profits. Coupled with earnings reports, typical "buy the expectation, sell the fact": this quarter's earnings data exploded, but next quarter's revenue guidance fell short of the market's extreme expectations, becoming an excuse for funds to cash out.
2. Huge divergence in storage sector cycle expectations
Bulls bet on long-term demand for AI data center storage, NAND price increase cycles, and a billion-dollar buyback to support the price; bears worry about overvaluation and unsustainable growth. The split in bullish and bearish expectations causes rapid in-and-out of two-way funds whenever there is volatility, triggering huge intraday shocks (often daily amplitude of 10%~15%).
3. Options funds and short-term swing funds intensify the oscillation
Individual stock options trading is active, and a large amount of short-term funds like to use highs and lows for swing trading, selling when prices rise and buying on dips, further amplifying the back-and-forth tug-of-war.
2. Distinguishing: Shakeout VS Distribution, two key observation signals
✅ Leaning towards healthy shakeout (there is still a rebound opportunity after oscillation)
1. Each pullback low gradually rises, and the volume during declines continues to shrink;
2. Quickly recovers lost ground after a big drop, with sustained support at low levels;
3. Holds key support zones firmly, without effectively breaking below important mid-term high-volume areas.
❌ Beware of oscillating distribution (rebound is an exit opportunity)
1. Rebound volume weakens increasingly, unable to surge, and highs keep moving lower;
2. Large volume on big drops, shrinking volume on rebounds;
3. Multiple tests of support, ultimately effectively breaking key price levels.
3. Key short-term monitoring ranges (simple execution reference)
Support range: 1160–1180
If it continues to hold oscillation within this range, it is a range shakeout market; once it effectively breaks below 1160, the oscillation pattern is likely broken and downside space opens.
Pressure range: 1340–1445
Heavy resistance above, the first touch tends to meet resistance and fall back; only by continuously increasing volume and holding above 1445 can the oscillation box break upward.
4. Trading response ideas
1. Do not blindly guess direction
Wide oscillation markets are most taboo for one-sided heavy long/short positions; chasing highs easily traps you, selling in panic can be at the lowest point; try to wait until near support/resistance levels before acting.
2. Strict position control
There are many false breakouts during oscillation phases; refuse heavy positions for speculation, enter and exit in batches.
3. Set hard stop losses
Oscillation can end at any time; once the box is broken, do not hold positions. $SNDK $SNDK Here's a polished and balanced English version of your post:
A quick market observation—those who understand the implications will know why this matters.
Reports suggest Changxin Storage (CXMT) has rejected Apple's request for lower memory prices, instead offering pricing in line with Samsung and SK Hynix. The significance isn't just about higher prices—it's about who holds the pricing power.
For years, major device makers like Apple largely dictated terms, while suppliers competed on price. If memory manufacturers can now push back, it signals a potential shift in bargaining power from buyers to sellers.
With memory shortages expected to persist into 2027 and production capacity reportedly booked well in advance, the supply-side story continues to strengthen.
The spillover into crypto is worth watching.
Markets may be re-pricing hard assets backed by tangible supply-and-demand dynamics, while narrative-driven assets like $BTC have taken a back seat in the short term.
The key question is whether capital eventually rotates back into crypto once this cycle matures.
$BTC
#Bitcoin #Crypto #Semiconductors #Memory #AI #Markets #Investing$TRUMP price has dropped from nearly $75 to around $1, a 98% retracement. The core issue lies in the risk appetite contraction and liquidity exhaustion caused by the fading political celebrity halo combined with regulatory investigation demands.
From the market facts, the plunge from the nearly $75 peak to around $1 has trapped 990,000 people, directly locking up liquidity above and making the heavy selling pressure at high levels the dominant force suppressing price recovery.
The main factors driving the market evolution are the liquidation of positions due to speculative capital flight and compliance concerns triggered by a U.S. senator's letter to regulatory agencies requesting an investigation. The event risk transmission has significantly lowered overall risk appetite.
Going forward, it is necessary to continuously assess token unlocking arrangements, team holding concentration, and liquidity pool absorption capacity. Selling behavior by stakeholders will directly change the asset's pricing benchmark.
In the bullish scenario, if a political hotspot suddenly triggers emotional capital to bottom-fish, the price may experience a sharp short-term rebound near $1. The variable to watch is whether trading volume can continue to expand. If the rebound encounters concentrated liquidation by the 990,000 trapped holders, this upward logic will immediately fail.
In the bearish scenario, if regulatory investigation demands further intensify or stakeholders concentrate their selling, the price risks breaking below the $1 support level. The variable to watch is token concentration unlocking and spot market depth. If large buy orders continue to absorb selling, the downtrend will be temporarily interrupted.
The most important variables to monitor over the next 7 days are the liquidity absorption depth at the $1 threshold, changes in stakeholder holdings, and progress in regulatory investigations.
#Polymarket洽谈10亿美元融资，估值超200亿美元 #ADP就业降温，联储政策分歧加剧 #意大利大行减IBIT普通股94%，加仓质押ETH$BTC $ETH $SNDK If Trump loses the midterm elections, how bad will the crypto market suffer?
The current situation of the crypto market is very delicate. Although Trump's administration is not exactly friendly to crypto, at least it provided a clear framework and expectations. Regulation is enforced where needed, freedom is allowed where appropriate, and the market at least knows which direction to go.
If the midterm elections are lost and the Democrats regain power, the scenario could be completely different. During the last time the Democrats were in office, the crypto industry was heavily targeted by the SEC. Exchanges were sued, stablecoins were investigated, project teams were summoned, and the entire industry lived under the shadow of litigation.
What’s worse is that if the Democrats come to power, will they treat crypto as a tool for election interference? Using interference in internal affairs as a reason, they might arrest crypto leaders, exchanges, project teams, and even on-chain protocols worldwide, all potentially becoming targets.
If it comes to that, the crypto market will face not just a bull-bear cycle but a systemic liquidation. No one knows how far Bitcoin will fall, but altcoins will definitely suffer ten times worse than now.
Therefore, what the crypto industry wants most right now is not deregulation or loose liquidity, but for Trump to at least survive the midterm elections. Even if he’s not ideal, it’s better than the Democrats coming back.
Crypto needs a short-term bull run to save Trump, and Trump needs to save crypto—they are each other’s stakes. #闪迪财报双超预期，新增140亿美元回购授权 #财报观察员：业绩喜忧参半，解禁将至！SpaceX后续怎么看？ #Circle财报后押注Arc，USDC能否迎来新增长？ The Cash-Flow Trial of AI Computing Power: Can Big Tech, Frenzied Buyers of Shovels, Outperform the Inverted ROI?
Google just delivered a revenue report that exceeded expectations, yet its stock price plummeted over 5% that day, simply because there was one number in the report that most people overlooked: free cash flow turned negative.
It’s not just Google. In this earnings season of August 2026, major hyperscalers including Microsoft, Amazon, and Meta are facing the same awkward situation. They are caught in a computing power arms race they have no choice but to join. According to the latest industry forecasts from Goldman Sachs and others, the big giants’ CapEx (capital expenditures) on AI infrastructure will soar to a staggering $725 billion to $760 billion this year. This number is terrifying, but the market no longer blindly buys GPUs just because the giants are buying them like last year. Wall Street’s patience is running out, and everyone is asking the same question: when will the real cash invested turn into returns?
This is the core conflict in current computing power network valuations—the severe inversion of ROI (return on investment). The money spent on buying shovels is real, but the money earned on the application side is just a trickle. Even more interestingly, the recent so-called profit beats in the S&P 500 partly come not from core business operations but from the paper value gains of early equity investments in private AI companies like OpenAI and Anthropic. This paper wealth cannot cover up the cash flow losses in the secondary market. Worse still, 20% to 30% of many giants’ capital expenditure growth is not due to buying more chips but because of skyrocketing data center power costs and construction expenses caused by supply chain inflation. Computing power giants are evolving from high-profit tech companies into heavy-asset, high-cost power infrastructure companies.
I personally hold some tokens in the AI sector (decentralized computing power and storage). The most direct feeling is that last year, even without any business revenue, these tokens could multiply several times just by being associated with the AI concept. But this year, if a decent corporate monetization report is not presented, the market will vote with its feet. Last week, I cut losses on some purely speculative decentralized computing power altcoins and consolidated my positions. Under the dual pressure of heavy-asset infrastructure inflation and monetization falling short of expectations, pseudo-demand tokens are being brutally eliminated by the market.
Whether the AI narrative can convert investments into actual profits before the end of the year, or whether it will leave behind a costly fiber optic mess like the internet bubble of the past, the answer may be revealed in the next quarter’s earnings season.
#谷歌AI高层重组，核心人才流失引关注 $BTC Strategy sold another 1,638 BTC, and this time I really dare not call it a "small adjustment"
In the past, everyone took one thing for granted:
Strategy sells stocks just to keep buying BTC.
But recently, this logic is reversing.
The latest disclosure shows that Strategy sold 1,638 BTC between July 27 and August 2, cashing out about $104.7 million. Part of the funds were used to pay preferred stock dividends, and another part was used to repurchase STRC preferred shares.
Honestly, selling 1,638 BTC is not enough to crash the market.
What’s truly worth being cautious about is that Strategy is slowly shifting from BTC’s most steadfast marginal buyer to a company that needs to sell coins to maintain its financing system.
People used to believe it would always buy.
Now the question becomes:
If BTC continues to trade sideways, but preferred stock dividends and cash needs persist, will it keep selling?
I don’t think Strategy will collapse immediately, but the myth of "only buying and never selling" is broken.
The most ironic thing is that retail investors are still waiting for Saylor’s next buy signal chart, while the company might be first considering how to stabilize cash flow.
Do you think this is normal financial management, or is Strategy’s Bitcoin model starting to crack?
$BTC #Strategy #MichaelSaylor #MSTR再卖1638枚比特币，规模腰斩 The speed of on-chain capital aggregation is breaking the previous state of silence, opening an observation window between the accumulated capital pool and token value capture.
The scale of stablecoins on the network has expanded to over $2.1 billion, ranking among the top global public chains and providing a foundational base for capital accumulation.
In the past six months, DeFi locked value has surpassed $100 million, achieving nearly 10-fold growth, accompanied by over 4.2 million active addresses and 400 million transactions, indicating that liquidity accumulation is moving from a mere concept to actual interaction.
The expansion of on-chain stablecoin scale provides usable liquidity depth for decentralized finance, and this accumulated capital volume constitutes the prerequisite for $OKB value capture.
When on-chain funds continuously remain within ecological applications and locked value maintains an upward trend, ecological value accumulation will gradually become apparent; if there is a lack of high-retention applications later, liquidity may return to stagnation.
If external macro liquidity tightens overall, or on-chain funds flow to other networks, the accumulation speed of the $2.1 billion capital pool will slow down accordingly, breaking the original support logic.
If subsequent active address growth stagnates and transaction volume sharply decreases, it means the current capital inflow is only short-term speculative funds, and the expectation of ecological value capture will be falsified.
The most important variable to watch in the next 7 days is whether the stablecoin scale can continue to maintain stable retention above $2.1 billion.
#谷歌AI高层重组，核心人才流失引关注 #黄金重返4200美元，BTC为何没跟涨？ #意大利大行减IBIT普通股94%，加仓质押ETHHaven't done a market analysis for two days, mainly because I was focusing on stocks.
Let me share my perspective on crypto and stocks.
This might make crypto players uncomfortable, but every sentence is the truth, and it can be considered some feedback for the official Ouyi.
After experiencing several liquidations, I found that spot trading suits me better, including 2x leveraged stock spot trading.
(But OKX doesn't have this stock feature, which is a bit disappointing.)
Because when placing orders at ideal prices for stocks, I don't worry about when liquidation will happen, I don't need to watch the market 24/7 every day, nor do I need to look at various technical indicators.
For example, with TSMC, I am 2x long.
On July 29, when the US stock market plunged silently, I didn't panic; within a couple of days, it bounced back.
Because US stocks and crypto are different, at least from my point of view.
A few years ago, buying BTC, working on on-chain projects, and doing web3 made a lot of people rich with $BTC.
But now it's already 2026.
The next step for a viral project is to recruit newcomers to sell shovels.
Because the returns from running projects have significantly declined, it's no longer as profitable as recruiting people to exchange rewards.
This is why major exchanges are frantically ending referral campaigns. For example, OK is focusing on community building and bringing in influencers this year.
Exchanges can see their own data: how many liquidations occur each year, how many new players enter, and how much fee revenue is generated.
Reaching this point means fewer people are using exchanges, or in other words, fewer people are playing crypto.
They have to drive traffic through influencers on platforms like X, Xiaohongshu, Douyin, and Instagram.
Unlike the glory days a few years ago, now the news mostly reports on crypto liquidations of millions.
The hype around crypto has been doused with cold water.
Meanwhile, Binance, OK, and BG introducing US stocks is injecting liquidity into the crypto market with $SNDK.
Last year, when using OK, you could only choose between BTC, ETH, and SOL because these were the premium crypto assets.
But this year, you can buy US stocks. Coupled with strict domestic regulations and restrictions on S&P fund sales,
platforms that allow buying QQQ and VOO are very few.
Currently, several platforms offer access to over 7,000 US stocks, which is a great selling point.
Main reasons:
1. Domestic Hong Kong Stock Connect has very high restrictions for buying US stocks, requiring a 500,000 threshold.
2. Hong Kong Stock Connect fees are too expensive.
3. On-chain contracts and bstocks allow 24/7 trading, which no domestic brokerage platform offers.
Currently, the trading volume of on-chain US stocks has surpassed most altcoins.
Industry leaders like Nvidia and SanDisk have trading volumes gradually catching up to BTC and ETH $ETH.
It can be said that the liquidity of on-chain US stocks will continue to increase in the future.
So, I suggest you all try US stocks.
@OKX星球 @OKX中文
#闪迪财报双超预期，新增140亿美元回购授权
#Circle财报后押注Arc，USDC能否迎来新增长？ I entered at 1391 and set the lower stop-loss at 1219, expecting a buffer of over 100 points. No matter how big the earnings fluctuations, it was enough to withstand it. But revenue was 8.97 billion, EPS 39.25, gross margin 84.6%—everything was effective, and after-hours it still dropped 9 points. The reason was simple: next quarter's guidance cut 250 million. The market's patience for earnings reports is limited now; if you're not explosive enough, it's negative. Fundamental data means nothing in sentiment. I'm currently with a floating loss of 17%, price at 1271, the grid keeps running, the lower boundary hasn't broken, so the strategy keeps going. It's a lie to say I'm not anxious, but I realize one thing: this drop isn't a company fault, it's because capital is too sensitive to the entire earnings season. $AMD and $SPCX have played the same scenario before: revenue exceeded expectations, and after-hours plunges still happened. That's just how the market is. As long as the range holds, the grid profits from volatility itself, not from one-sided rallies to break even. If the decline doesn't break through 12/19, I'll keep grinding with it. Once it really breaks the lower boundary, I'll decide whether to admit fault and exit. The question now isn't whether the company is up to par, but whether the market is willing to give this type of earnings a smile. SNDK #财报观察员: Mixed results, the unlocking is approaching! What is SpaceX's outlook going forward? #Circle财报后押注Arc, can USDC see new growth? Does the $BTC four-year halving cycle still exist? Is Bitcoin dead?
· Unchanging hard fact: Bitcoin's code is hard-coded to halve the block reward approximately every 210,000 blocks (about 4 years). The fifth halving will occur in 2028, and the underlying mechanism of supply contraction remains permanently effective and will not disappear.
· What has completely changed: In the early three cycles, halving was the primary driver of the market; however, now, institutionalization and liquidity dominate the price. The classic four-year cycle of "unilateral bull run—80% crash" after halving has significantly weakened and can no longer be regarded as an ironclad rule.
2. Is Bitcoin "dead"?
We need to distinguish two meanings and not confuse them:
1. Will the technical network die (go to zero)?
— Almost impossible. Bitcoin has no centralized operating entity; countless nodes run distributed globally. No institution or country can shut down the entire network. As long as someone is willing to hold or transfer, on-chain consensus exists. Extreme regulation can at most squeeze transaction liquidity and block deposit/withdrawal channels but cannot destroy Bitcoin itself.
2. Narrative level: The original ideal "is already dead"
— Early Bitcoin narrative was a decentralized asset detached from sovereign currency, unregulated, resisting the traditional financial system. But the current situation is: the US has completed compliant acceptance, ETFs, custody, and regulatory frameworks are in place; price is highly tied to USD liquidity, moving with Nasdaq and US Treasury yields; the largest buyers have become Wall Street institutions, and Bitcoin is turning into an alternative commodity. The mystery has vanished, and the utopian ideal has faded.
Many early crypto players saying "Bitcoin is dead" refer to the death of the decentralized revolutionary narrative, not the token itself going to zero. Bitcoin cannot be said to be "dead," but the original crypto utopian narrative has faded, entering a brand-new pricing paradigm.
#财报观察员：业绩喜忧参半，解禁将至！SpaceX后续怎么看？ $ZBT $ETH @米花Lilac_OKX The nature of BTC's rebound, what derivatives positions say, the momentum from negotiations between the US and Iran, the shift to net ETF inflows, and the positioning of the futures market all point in the same direction? BTC held the $64,000 level, moving within a narrow upward range. The short-term support level has been revised upward to $63,800, while the medium-term support at $63,000 has added strength. However, trading volume was insufficient to break through the resistance zones of $64,600 and $65,000. Although overall trading volume has slightly increased, the inflow of new funds remains at a cautious level. The key trigger for this rebound is the easing of geopolitical risks. International oil prices plunged following news that the U.S. and Iran had reached a tentative agreement on negotiations regarding passage through the Strait of Hormuz, and U.S. Treasury yields also declined in both short- and long-term. This has had a positive effect on risk assets, including crypto, by lowering inflation expectations and reducing the cost of holding risk assets. In terms of relative strength, ETH remains robust. L2 transfer activity and restaking lock-up scale are steadily increasing,As of now, the crypto market has experienced intense two-way shakeouts in the past 24 hours, with total liquidations reaching $332 million. There are serious suggestions at the end to prevent forced liquidations—definitely worth a careful look.
The characteristics of this liquidation event are: a long squeeze (triggered by a plunge in the US stock storage sector) coexisting with a short squeeze (triggered by a $ENA whale locking up positions).
1. Core liquidation data in the past 24 hours
Current total network liquidations: $332,000,000
* Long liquidations: $215 million (64.7%)
* Short liquidations: $117 million (35.3%)
Top 15 cryptocurrencies by liquidation amount:
[01] $BTC (Bitcoin)
● Liquidation amount: $112 million
● Nature: Longs account for 68%. The break of the $60,500 support triggered a chain stop-loss.
[02] $ETH (Ethereum)
● Liquidation amount: $74 million
● Nature: Longs account for 72%. Funds trampled at the $2,400 level.
[03] $SOL (Solana)
● Liquidation amount: $45 million
● Nature: Two-way liquidation. After a boost from Circle Arc, the market dragged it down, clearing leverage near $75.
[04] $ENA (Ethena)
● Liquidation amount: $31 million
● Nature: Short squeeze. Due to a large pledge of 40 million tokens, shorts were crushed near $1.30.
[05] $AR (Arweave)
● Liquidation amount: $18.5 million
● Nature: Long liquidation. Storage longs stopped out below $48 due to SNDK's (-11%) plunge.
[06] $XRP (Ripple)
● Liquidation amount: $12 million
● Nature: Long liquidation. Profit-taking after Visa payment expectations were priced in.
[07] $DOGE (Dogecoin)
● Liquidation amount: $9.8 million
● Nature: Long liquidation. Musk-related asset sell-off triggered by SpaceX unlock news.
[08] $FIL (Filecoin)
● Liquidation amount: $7.2 million
● Nature: Long liquidation. Collective decline in the storage sector.
[09] $PEPE (Pepe)
● Liquidation amount: $6.5 million
● Nature: Long liquidation. Rising risk aversion rapidly drained liquidity from Meme coins.
[10] $XLM (Stellar)
● Liquidation amount: $5.4 million
● Nature: Two-way liquidation. After Western Union's positive news was fully priced in, increased volatility hit leverage on both sides.
[11] $ORDI (Ordinals)
● Liquidation amount: $4.1 million
● Nature: Long liquidation. Inscription sector retraced due to $BTC weakness.
[12] $LINK (Chainlink)
● Liquidation amount: $3.8 million
● Nature: Long liquidation. Despite Arc technology benefits, macro sell-off prevailed.
[13] $TIA (Celestia)
● Liquidation amount: $3.2 million
● Nature: Long liquidation. Modular narrative showed weakness in a choppy market.
[14] $AVAX (Avalanche)
● Liquidation amount: $2.9 million
● Nature: Long liquidation. Large funds flowed into the more certain $SOL.
[15] $WIF (dogwifhat)
● Liquidation amount: $2.5 million
● Nature: Long liquidation. Inertia liquidation of high-beta assets.
2. Why did such large-scale liquidations occur within 24 hours?
1. Macro risk aversion and correlated sell-offs: Gold rebounded to $4,200, draining market liquidity. While the S&P 500 added $2.1 trillion in market cap and BTC stagnated, high-leverage longs lost patience and exited, triggering chain liquidations.
2. Liquidity “baiting”: Institutions used positive news like $ENA staking to create localized rallies, then exploited SNDK’s pullback at US market open to spike prices down, precisely harvesting “smart money” hovering near support levels.
3. Forced liquidation experience and elite warnings
As an analyst, I offer these three iron rules:
1. Reject cross-coin full-margin risk hedging
Many traders today tried to hedge losses on $AR by going long $SOL. But in a highly correlated market like August 2026, SNDK’s collapse instantly drags down all related sectors, wiping out full-margin accounts.
* Warning: In extreme conditions, switch to isolated margin mode to confine losses within single positions.
2. Avoid stop-loss settings near “liquidity black holes”
Institutions love to reverse spike 50-100 points below round numbers (e.g., $60,000 or $2,400).
* Experience: Stop-loss orders should be set outside the volatility range below technical support (ATR multiplier), not exactly at the support point.
3. Strictly control leverage multiples and distance to liquidation price
Over 80% of positions in the $332 million liquidation used leverage above 20x.
* Experience: As long as gold stays above $4,000, the market remains highly volatile. Leverage should be kept under 5x, ensuring liquidation price has a buffer of over 30% from the current price.
Summary: Today's liquidation amount is a typical cost of "post-earnings positioning adjustment." Don’t blindly short during $ENA rallies, nor stubbornly hold longs during storage sector ($AR, $FIL) declines. Protect your principal and wait for sentiment bottoming in gold and the US semiconductor sector. #$BTC $ETH $MSTR $BTC $ETH $SNDK Rose over 8 points before the market opened, then turned around and dropped 3.72%, closing down about 2%. One company's net profit improved by $530 million year-on-year, with on-chain trading volume surging 151%. BlackRock and Visa are competing to be validators. Why did the stock price drop? The answer is simple: short-term data is fighting, long-term narrative is exploding. The market doesn't know which side to believe and starts with negative news. Revenue was 701 million, below Wall Street's expected 717 million. For the second consecutive quarter, USDC's quarter-end circulating supply missed 73.3 billion A 19% year-on-year increase looks decent, but compared to the end of Q1, it shrank by 4.8%. Mizuho Securities directly pointed out that behind the impressive data, USDC's quarter-on-quarter decline and margin pressure are core concerns. Adding further positive news: net profit of 48 million, loss of 482 million in the same period last year, year-on-year improvement of 530 million. On-chain trading volume of 14.8 trillion, up 151% year-on-year. Effective wallets of 7 million, up 24%. Approved by OCC to establish Federal Trust Bank, one of the first stablecoin issuers with a federal bank license CPN's annualized transaction volume reached 14.7 billion, a 76% quarter-on-quarter surge. 175 financial institutions joined. The annual guidance for other income was directly raised from 150 million to 170 million to 310 million, doubling the total. But the most explosive was Arc's mainnet launch on September 16, with founding validators listed: BlackRock, DTCC, Galaxy Global Payments, ICE, Mastercard, MoneyGram, and SBThis round of adjustment is closer to a "post-bull market valuation re-pricing" rather than the start of a new bear market.
The biggest current market divergence centers on one point: whether 126K is already the peak of this cycle. If the answer is yes, then the subsequent trend should follow a bear market model; but if the answer is not yet certain, then the current decline looks more like a deep valuation correction within a long-term bull market rather than a trend reversal.
The bottom logic corresponding to the two paths is completely different.
1. The market participant structure has changed; it is no longer a retail-dominated sell-off but a process of capital reallocation.
The decline from 2021 to 2022 was essentially a collapse of the credit system—Luna, Three Arrows Capital, FTX chain explosions, exchange trust crises, many institutions forced to liquidate, causing Bitcoin to quickly drop to 15K. In a market dominated by leveraged funds, once credit collapses, a stampede is inevitable.
But the current market structure has fundamentally changed. ETF holdings have become an important variable; institutional funds are no longer purely trading behavior but part of asset allocation, with holding cycles and cost structures completely different from the previous round. Even if the market continues to weaken, it is unlikely to replicate the "stampede death spiral" of 2022. It is more likely to evolve into a pattern where high-position buyers gradually lose patience, slowly reduce holdings, and the market grinds bottom over the long term. In this phase, time may be more important than space.
2. The real observation point is not how much BTC has fallen, but who is selling.
The drop from 126K to 58K is significant. But the real market problem is: how many are still waiting to break even? Bull market tops usually accumulate a large amount of chips bought at 80K, 100K, or even high ETF entry points. The psychological path of these holders is usually: normal pullback → buy more on the dip → wait to break even → sell once breaking even. Therefore, if there is excessive trapped supply around 70K, rebounds will repeatedly fail until this supply is fully absorbed.
3. The structure of this bottom may be completely different from the last round.
The previous path was a one-way drop from 69K → 50K → 30K → 15K. The current path is closer to 126K → 80K → 58K → 52K-70K range oscillation → final bottom confirmation. The core difference is that ETFs have changed the market pricing mechanism: in the past, price determined capital; now, capital flow determines price. If ETFs continue net outflows, BTC will gradually seek a new balance; if ETFs resume net inflows, even if the macro environment does not significantly improve, the adjustment may end early.
4. The key is whether the market can re-accept a higher valuation range.
BTC rose from 15K to 126K, an increase of over 8 times. The market must face the question: who are the long-term buyers of BTC above 100K? The answer last round was retail, traders, and crypto-native funds; now it requires ETF funds, family offices, corporate asset allocations, and sovereign wealth funds to join this list. If these incremental funds are insufficient to support prices above 100K, then 126K may just be a phase of overheating; if these funds continue to enter, then around 60K may be the area of institutional reallocation.
5. Three psychological price levels are more worth attention than technical support levels.
The first level is 70K, the confidence line. Regaining 70K means the market believes the adjustment is over, ETF funds are more likely to return, and bearish sentiment will gradually fade.
The second level is 55K, the value re-evaluation zone. When falling to this range, long-term funds will reassess BTC's allocation value over the next 5 years, directly deciding whether new buyers enter.
The third level is near 45K, an unconventional adjustment zone. Unless additional negative factors occur such as a clear bear market in US stocks, sharply tightened liquidity, structural deterioration of ETF funds, or significant macro risk expansion, the cycle's own adjustment is unlikely to reach this level.
Core judgment:
The essence of the current question is not "will it replicate 2022," but whether after 126K, Bitcoin is completing the valuation transition from a speculative asset to an institutional asset. If not yet completed, 126K may be the bubble peak, and the market needs more time to reprice; if the transition is underway, then the current point is not the start of a bear market but a large-scale mid-bull market turnover.
The most important signals in the coming months are not the lowest price but whether ETF funds stabilize inflows, whether effective trading forms above 70K, whether long-term holders start increasing positions again, and whether the market gradually shifts from "waiting for a surge" to "accepting a slow bull." The true bottom often does not appear when everyone is pessimistic but forms at the moment the market realizes "the rise will not happen immediately, but the fall is also becoming increasingly difficult."
$BTC Crypto Daily — 2026.8.6
$BTC holds steady at $64.7K, $ETH approaches $1.9K again, but the US spot buying has been at a discount for 80 consecutive days, indicating a split market of “strong price, weak demand” behind the rebound.
1. OpenFX acquires Global Ledger and launches USD accounts supporting ACH / Fedwire / SWIFT and USDC in over 100 countries; stablecoin payments continue to shift from on-chain transfers to global banking infrastructure.
2. The $BTC US spot premium index has been negative for 80 consecutive days, setting the longest continuous negative premium record; this means the current rebound relies more on global liquidity and derivatives recovery, with US spot buying still not significantly returning.
3. OKX / $OKB: $OKB down -0.1% today, priced around $85.85, maintaining a narrow range.
4. $BTC 30-day average hash rate has dropped about 19% since November 2025 to 898 EH/s, marking the longest 9-month decline; mining companies continue to shift hash power and electricity resources toward AI contracts, weakening the mining narrative and strengthening the energy infrastructure narrative.
5. In the past 24 hours, the total market liquidation was about $244M, with shorts around $139M and longs about $105M, approximately 93,668 traders liquidated; $BTC and $ETH liquidation sizes are close, indicating the rebound is still under high leverage tension.
6. $GLIDR rose +126.2% in 24 hours, becoming today’s strongest altcoin; however, volume was only about $39K, indicating extremely low liquidity pump, so the price signal has limited reference value.
7. Altcoins: $M, $BTW, $UB, $CYS rose +66.7% / +24.8% / +24.4% / +9.8% respectively, with heat focused on high-elasticity small caps, BTC ecosystem, data infrastructure, and ZK sectors; among them, $UB’s volume was about $56.5M, showing higher capital participation.
Market Status
$BTC currently $64,696 (+0.7%); $ETH currently $1,912.10 (+2.1%).
$OKB -0.1%, platform tokens show overall divergence.
Next Day Brief
$BTC bullish probability 54/100, bearish 46/100; altcoin sentiment remains strong, but extremely low liquidity assets have surged too much, increasing the risk of chasing highs.
Forecast for Tomorrow
$BTC volatility range -1.5% to +2.0%, key level to watch is $65K. If it holds above $65K, it can continue to test $66.8K–$68K; if it falls below $63.8K, short-term may return to the $62.5K–$63K defense zone. As expected, it's the same old story!!
This morning I was still thinking
Maybe this time I can really get out of the trap
But by evening, I faced reality again
Still the familiar plot
Still the familiar feeling!!
——
$ETH in these past two months
I've seen this kind of trend too many times
Every time it's the same
First, it gives you a little hope
Makes you feel like dawn has come
Makes you think you'll break even soon
Then suddenly a reversal
Presses you back to where you started
——
During the day today
Seeing $ETH rebound again
I really had a flicker of fantasy in my heart
Wondering if this time is different
If finally the shorts will be harvested
If this time I can get out of the position trapped for so long
But the market told me
I was overthinking
——
The biggest problem with this market is
Every breakout looks strong
But if you look closely
They're all fake breakouts
It surges up without sustained buying
Volume can't keep up
Once it hits resistance
Funds immediately start to take profits
The bulls chase in
Then become the next batch of bag holders
——
Now the market is still hyping various news
Changes in US-Iran situation
Crude oil pullback
Risk sentiment recovery
US stock rebound
These news can indeed stimulate prices in the short term
But ultimately the market looks at funds
Not one or two news items
If big money really entered
$ETH should have long broken key levels
Instead of acting near resistance repeatedly
——
My $ETH long and short positions (per chart) continue to hold
Opening average price around 2018
Current price around 1875
Floating loss about 700U
Return rate -21%
This position has been hanging on for a long time
Saying it’s not painful is a lie
But I’m not as panicked as before
——
Because after several rounds I realized
What torments the market most
Is not the direct drop
But this repeated tug-of-war
Giving you a little hope every day
Then slowly grinding away your patience
Making you give up just when you’re closest to breaking even
——
Now $ETH 2000 level
Has become obvious resistance
If it can’t go up
It’s hard to open new space
Next, watch around 1850
If it continues to weaken
1800 area remains important support
And if even 1800 can’t hold
Market sentiment may turn to panic again
——
$BTC is the same
Looks stronger than ETH now
But if BTC can’t continue to break out
Funds won’t stay at high levels indefinitely
Once risk appetite drops
The whole market will be affected
——
$BEAT’s recent trend is also worth noting
The previous unlocking pressure hasn’t been fully digested
Though there are occasional rebounds
There’s no sustained capital relay
This kind of coin fears market weakness most
It easily amplifies losses following the market
——
$SNDK is also a market focus recently
Strong expectations brought by AI and storage demand
Funds have been speculating on semiconductors
But the higher the expectations
The more cautious you must be about profit-taking
True strength
Is not lifted by stories
But pushed by data and funds together
——
In the end
This short position has been trapped for over two months
The plot has played several times
Every time I think
"This time should be different"
But in the end
It’s still the familiar market
Still the same manipulative players who love to repeatedly harvest emotions
——
Now I’m calm
Let whatever comes come
No rush to cut losses
No illusions of miracles
Honestly just keep hanging on the tree
Waiting for the answer
$ETH
You can keep grinding
But I’m not in a hurry anymore
Let’s see this time
Is it a fake breakout
Or finally a rocket launch
#闪迪财报双超预期，新增140亿美元回购授权
#财报观察员：业绩喜忧参半，解禁将至！SpaceX后续怎么看？
#黄金重返4200美元，BTC为何没跟涨？ Family, the most exciting drama tonight is not in the earnings season, but at SpaceX. 911.5 million shares, with a market value close to $100 billion in internal holdings, will officially unlock tonight, August 6.
There is likely to be selling pressure, but not as scary as you might think.
First, look at the chip structure. Currently, only 639 million shares are tradable, accounting for less than 5% of the total shares. The amount unlocking tonight will more than double the float, but unlocking does not equal selling.
These early employees and investors have very low costs, so even if the stock price falls from 225 to 108, the paper profits are still substantial, so there is indeed motivation to cash out. But on the other hand, short positions have already reached 219 million shares, accounting for 34% of the float, with short sellers having about $7 billion in unrealized gains. If actual selling after unlocking is less than expected, these shorts will be squeezed, which could push the stock price up.
Moreover, tonight is only the first round, covering just 20% of the locked shares. By early December, the tradable shares will surge from 639 million to 5.33 billion, and shorts are betting on an even bigger supply flood later.
Key positions to watch:
Long strategy: Don’t rush to catch the falling knife. Wait for the price to pull back to the 102-108 range, which has been a support zone since the IPO. Consider entering after volume shrinks and the price stabilizes. Set stop loss at 95; if broken, it means chip clearing is not over. Take profit initially at 120-125; if it breaks above, hold on for more.
Short strategy: If the market opens tonight and rebounds directly to the 120-125 area, especially on low volume, you can try shorting one lot. Set stop loss at 130, take profit initially at 108; if broken, look down to 100.
The core tonight is not to bet on direction but to wait for signals. Watch the volume: if there is huge volume but the price doesn’t collapse, it means someone is absorbing shares, which is a stabilization signal. If volume shrinks and the price drifts down, it means no one is absorbing, so keep waiting.
Good luck everyone, share your trading ideas in the comments. #财报观察员：业绩喜忧参半，解禁将至！SpaceX后续怎么看？ $SNDK $SPCX $BTC 【Crypto Circle Script】
I am Script Bro. After the U.S. stock market opened tonight, the market showed a noticeable change. The previously strongest AI storage sector began to see capital cashing out, with SK Hynix plunging more than 10% intraday, and storage sectors like SanDisk SNDK and Western Digital also under pressure. The decline in Hynix and SanDisk this time is essentially not because AI demand disappeared, but because market expectations were too high.
Yesterday, after SanDisk's earnings report was released, although the performance was good and revenue growth was significant, the stock price still fell sharply because market expectations were already maxed out, and capital chose to take profits.
Script Bro warned everyone about this risk during the live stream the night before last, taking profits on three SanDisk positions at that time. In today's afternoon live stream, I took profits on one BTC position and two SanDisk positions.
Recently, AI hardware, chips, and storage have been the main focus of market capital. The rise in these sectors indicates the market's willingness to take risks, and capital is more likely to flow into high-volatility assets like BTC and ETH. But if the core AI sectors start to adjust, it means capital is beginning to reassess overvalued assets, and short-term risk appetite will decline, which can also affect BTC.
Currently, BTC is still influenced by risk sentiment from the U.S. stock market. If the AI sector continues to adjust, short-term capital may become cautious, and the resistance around the 65000-66000 range for BTC will be more obvious; but if U.S. tech stocks stabilize and market risk appetite recovers, BTC still has a chance to break upward.
Script Bro believes that SanDisk's drop last night and Hynix's drop today look more like high-level capital rebalancing rather than the AI rally ending completely.
What do you think about this AI storage adjustment—is it a short-term shakeout or the start of a cooling market? Let's discuss in the comments. $SNDK $SPCX $SKHYNIX #Circle财报后押注Arc，USDC能否迎来新增长？
📊 Q2 Earnings: Strong Operations but Revenue Misses Expectations Consecutively
Circle's Q2 revenue was $701 million, up 7% year-over-year, but slightly below expectations (second consecutive quarter). Net profit was $48.2 million, turning profitable year-over-year. USDC circulation reached $73.3 billion (up 19% YoY), on-chain transaction volume hit $14.8 trillion (up 151% YoY), and stablecoin market share jumped from 36% to 70%. The stock price fluctuated sharply after the earnings report, down about 20% year-to-date.
🔑 Arc: The Second Growth Curve
The Arc public chain mainnet is scheduled to launch on September 16, with 11 institutions including BlackRock, DTCC, Visa, and Mastercard serving as genesis validators. BlackRock plans to deploy the BUIDL fund on Arc, and DTCC is advancing tokenized settlement. ARC token pre-sale raised about $242 million ($0.30 per token), led by a16z with participation from BlackRock, Apollo, and others. Circle clearly stated that Arc's potential may exceed that of USDC itself and raised its full-year other income guidance nearly twofold (including about $180 million confirmed from ARC pre-sale).
⚠️ Risks and Concerns
· Reserve yield dropped 66 basis points YoY to 3.48%, with declining interest rates pressuring the core profit model;
· Operating expenses rose 23% YoY, with short-term profit erosion from Arc and AI investments;
· The Open USD alliance (Visa/Mastercard/BlackRock/Coinbase and 140+ institutions) plans to launch a revenue-sharing stablecoin, posing a potential threat to USDC;
· Morgan Stanley recently downgraded the rating to "Underweight," with a target price of $38.
💡 Can USDC Achieve New Growth?
In the short term, if events like Arc mainnet launch, BUIDL deployment, and DTCC integration proceed smoothly, they could bring incremental institutional use cases and on-chain settlement demand to USDC, driving circulation back to growth. In the medium to long term, Circle is shifting from "reserve yield-driven" to "platform ecosystem-driven." If Arc can attract sufficient institutional assets and transaction flow, USDC will upgrade from a stablecoin tool to a core settlement layer of institutional-grade financial infrastructure, significantly raising its growth ceiling. However, Arc is still in early stages, and execution risks and market competition remain key variables.#闪迪财报双超预期，新增140亿美元回购授权
📊 Core Financial Data
SanDisk delivered an exceptionally impressive Q4 FY2026 report:
· Revenue: $8.97 billion, up 372% year-over-year, up 51% quarter-over-quarter, significantly exceeding market expectations of $8.39 billion.
· Net Profit: GAAP net profit of $6.90 billion, a remarkable turnaround from a net loss of $23 million in the same period last year.
· Earnings Per Share: Adjusted EPS of $39.25, up 135 times year-over-year, exceeding analyst expectations by over 10%.
· Gross Margin: Adjusted gross margin reached 84.6%, far above 26.4% a year ago.
📈 Growth Drivers: AI-Driven and Business Structure Transformation
The core growth driver comes from AI-driven data center demand:
· Data Center Business: Revenue of $2.98 billion, up 1298% (nearly 13 times), becoming a key growth pillar.
· Price and Volume: About one-third of revenue growth came from volume increase, two-thirds from price hikes, reflecting tight NAND market supply.
· Long-Term Contracts Locked: Signed long-term supply agreements with 8 customers, with minimum contract revenue of $93.9 billion, locking in about half of shipments for the coming years.
🔄 Buyback Plan: $14 Billion Shows Confidence
The board approved an additional $14 billion stock repurchase authorization, bringing the total remaining authorization to $15.5 billion. Considering the company's market cap after a significant pullback, this scale is considerable and a strong signal of management's confidence in cash flow and current stock price.
📉 Why the Market Isn't Buying It? — "Perfect Past" Can't Beat "Not Impressive Enough Future"
Despite the earnings beat and huge buyback announcement, SanDisk's stock fell more than 8% in after-hours trading. The core reason is the market's extremely high expectations for the AI storage leader, which the guidance failed to meet:
· Next Quarter Revenue Guidance: $10.3 billion to $10.8 billion, midpoint $10.55 billion, slightly below market expectations of $10.8 billion.
· Gross Margin Guidance: 83%-85%, roughly flat quarter-over-quarter, raising concerns about peak profitability.
💡 Summary: Short-Term Expectation Battles vs. Mid-to-Long-Term Logic Established
SanDisk's case shows that in the AI wave, even explosive growth in results can lead to sharp stock corrections if future guidance fails to continuously exceed already sky-high market expectations. But over a longer horizon, AI-driven NAND demand, transformation of the data center business, and massive buybacks form a solid foundation for mid-to-long-term value. Current stock price volatility is more a short-term "expectation gap" battle rather than a fundamental problem.A company valued close to a trillion dollars faces a real test not at the IPO, but whether it can continue to prove its value after going public. This question is just beginning for SpaceX.
In recent years, SpaceX has been the most unique presence in the private market. It doesn’t rely on government contracts like traditional aerospace companies, nor does it depend on software scaling like internet companies. Instead, it relies on a highly imaginative business loop: reducing launch costs through rocket reuse, then leveraging Starlink to build a global satellite internet business, ultimately transforming aerospace from a high-cost industry into a commercially operable platform.
Therefore, the market is willing to give SpaceX a very high valuation, buying not current profits but the possibilities of the next decade.
But after going public, the logic will start to change.
Previously, investors only needed to believe in Elon Musk’s vision; now the market will start scrutinizing financial reports and asking: How much revenue can Starlink actually contribute? When will the rocket business reduce its losses? When will the massive ongoing investment in Starship translate into commercial value?
This is also why SpaceX’s latest financial report shows a “mixed bag.”
On the positive side, Starlink remains the company’s most important growth engine. Satellite internet is transitioning from a concept to a real business, with user growth, enterprise customers, and global coverage all continuously validating its commercial value.
But on the other hand, it’s clear that SpaceX is still a high-investment company. Starship R&D, launch infrastructure construction, and satellite deployment all require sustained large capital input. For a company valued so highly, the market will not only look at growth stories but will increasingly focus on the gap between investment and returns.
The biggest upcoming variable is the lock-up expiration.
Many investors bought SpaceX because they believed it would become a company that changes the aerospace industry. But when early investors and employee shares gradually become tradable, the market will face a real question for the first time:
Will those earliest believers in SpaceX still want to hold on when they can sell?
If a large number of early shareholders choose to keep their shares locked, it indicates market confidence in SpaceX’s future growth; but if there is obvious selling pressure after the lock-up expires, the short-term valuation may be affected.
However, I don’t think the lock-up expiration is SpaceX’s biggest risk.
The real question is:
Can Starlink support the valuation of a trillion-dollar company?
Rocket reuse is impressive, Starship is imaginative, but the capital market ultimately won’t pay just for dreams. In the long run, SpaceX needs to prove that it can not only reduce the cost of accessing space but also create a new industry that continuously generates cash flow.
This is a common challenge for many great companies.
From zero to one relies on vision.
From one to one hundred relies on the business model.
SpaceX has proven it can change the aerospace industry, but next it needs to prove whether it can become a truly super commercial company.
Going public is not the end.
Lock-up expiration is not the end.
What truly determines SpaceX’s future valuation is whether Starlink can become the next global-scale infrastructure.
Rockets determine how high SpaceX can fly; cash flow determines how far it can go.
DYOR. $SPCX This time it might not be a “bear market replay,” but rather a “re-pricing after a bull market”
The biggest disagreement among many people now is:
Is 126K the top of this bull market?
If the answer is “yes,” then we should model this according to a bear market scenario.
But if the answer is “uncertain,” then this correction might be closer to:
A deep valuation adjustment within a long-term bull market, rather than a full bear market.
The bottom logic for these two models is completely different.
1. First, look at market participants: previously retail investors were fleeing, now more capital is reallocating.
From the end of 2021 to 2022:
Leverage funds dominated.
Luna, Three Arrows, FTX consecutively blew up.
Exchange credit crisis.
Many institutions were forced to liquidate.
The essence of BTC’s decline then was:
Market credit system collapse → liquidity death → forced selling.
So the price could quickly drop to 15K.
But now:
ETF holdings have become an important variable.
Institutions are not just trading, but allocating assets.
Long-term capital costs and holding periods are longer.
Therefore, if this round continues to fall, it may not experience the “stampede death” like in 2022.
More likely:
High-entry capital gradually loses patience → slowly reduces positions → market grinds bottom over the long term.
This means:
Time may be more important than price space.
2. What really needs to be observed is not how much BTC falls, but who is selling.
Many see:
126K → 58K
and think it has already fallen a lot.
But the real problem in the market is:
How many are still waiting to break even?
Bull market tops usually have a large number of:
People who bought at 80K.
People chasing at 100K.
People entering ETFs at high prices.
Their psychological path is generally:
Phase 1: Just a normal pullback. Phase 2: Price falls just enough to add positions. Phase 3: When will it break even? Phase 4: Finally breaks even, sell first.
So many bottoms form not because no one is bearish, but because:
Holders shift from hoping for a rise to just wanting to exit.
If a large amount of trapped positions near 70K are released, then rebounds will continue to fail.
3. This round may have a different bottom structure.
Last round:
69K
↓
50K
↓
30K
↓
15K
This round:
126K
↓
80K
↓
58K
↕
52K-70K oscillation
↓
Final bottom confirmation
Reason:
ETFs have changed the market structure.
Before:
Price determined capital.
Now:
Capital flow determines price.
If ETFs continue net outflows, BTC may slowly seek a new equilibrium.
If ETFs return to net inflows, even if the macro environment is average, the correction may end early.
4. The key is not the lowest point, but the market’s renewed acceptance of high valuations.
An easily overlooked issue:
BTC rose from 15K to 126K, an increase of over 8 times.
The market needs to answer again:
Who are the long-term buyers of BTC above 100,000 dollars?
Previous answers:
Retail, traders, crypto-native funds.
Now need to add:
ETF funds, family offices, corporate asset allocations, sovereign wealth funds.
If these funds are insufficient to support prices above 100K, then 126K may just be a phase of overheating.
If these funds continue to flow in, then around 60K may already be the institutional reallocation zone.
5. I will focus on three “psychological prices,” not three support levels.
First level: 70K, this is the confidence line.
If it recovers above:
The market believes the correction is over, shorts start to retreat, ETF funds are likely to flow back in.
70K is not a technical level, more like a psychological turning point.
Second level: 55K
This is the value re-evaluation zone.
If it falls here:
Many long-term funds will recalculate:
“Is BTC worth allocating for the next 5 years?”
What is decided here is:
Whether new buyers appear.
Third level: around 45K
This is not an ordinary correction.
If it reaches here, it means an additional event has occurred in the market:
For example:
US stocks enter a clear bear market, liquidity tightens, ETF fund structure deteriorates, macro risks expand.
Otherwise, a pure cyclical correction falling to 45K requires stronger catalysts.
My new perspective summary:
This round should not simply ask:
“Will it repeat 2022?”
It is better to ask:
“After 126K, has BTC completed the valuation transition from a speculative asset to an institutional asset?”
If not completed:
126K may be a bubble top, requiring longer re-pricing.
If completing:
Then now may not be the early bear market, but a large-scale mid-bull market rotation.
Therefore, the most important signals in the coming months are not the lowest price, but:
1. Whether ETF funds stabilize inflows again
2. Whether effective trading can form above 70K
3. Whether long-term holders start increasing positions
4. Whether the market shifts from “waiting for a surge” to “accepting a slow bull”
The real major bottom often forms not when everyone is pessimistic, but when the market realizes:
The rise will not happen immediately, but the fall is also becoming increasingly difficult
$BTC Sandisk just crushed Q4… and still got sold off 📉
Revenue: $8.97B
Adjusted EPS: $39.25
Another $14B buyback authorized
All strong.
But softer Q1 guidance was enough to push the stock lower after hours.
AI storage demand is clearly real. The market is now asking whether NAND pricing and high-bandwidth flash growth can keep supporting the valuation.
Big beat + big buyback ≠ automatic green candle when expectations are this high.
$SNDK
#SandiskBeatAndBuyback #CircleArcLaunch #EarningsRealityCheck SanDisk's earnings report exceeded expectations on both fronts, what signal does the $14 billion buyback release?
SanDisk's latest earnings report outperformed market expectations, while announcing an additional $14 billion stock buyback authorization.
After this announcement, the market's attention has once again focused on the storage industry chain.
What many see is:
Earnings growth + large-scale buyback.
But what is more worth pondering is:
Why does the company dare to invest such a large amount of funds in buybacks at this stage?
1. Earnings beat expectations, indicating the storage cycle is improving
In recent years, the storage industry has undergone a deep adjustment.
Due to supply-demand imbalance and increased inventory pressure, storage companies like Samsung, SK Hynix, and Micron have all experienced cyclical troughs.
However, with the rapid development of the AI industry, market logic is changing.
AI servers and data center construction continue to drive demand for high-performance storage.
Especially:
• Recovery in high-end NAND demand;
• Growth in enterprise-level storage demand;
• Increased investment in AI infrastructure.
This means the storage industry is gradually shifting from "price competition" to a "demand-driven" phase.
2. Why is the $14 billion buyback important?
Large-scale buybacks usually signal several things:
First, company management believes the current valuation is attractive.
If a company thinks future growth potential is limited, it generally will not choose large-scale buybacks.
Second, buybacks reduce the number of shares outstanding, increasing earnings per share.
Third, it sends confidence to the market:
The company believes future cash flow and profitability can support long-term development.
3. The AI wave is redefining storage value
Previously, market focus on AI was mostly on:
GPUs.
Chips.
Servers.
But as AI scales up, the market gradually realizes:
AI not only requires computing power but also storage.
Massive data training, inference, and transmission all require stronger storage infrastructure.
Therefore, future competition in the AI industry chain is not just about computing power companies like NVIDIA.
Storage, networking, power, and data centers may also become long-term beneficiaries.
4. But short-term risks need attention
Although fundamentals are improving, the storage sector has already seen significant gains.
The market has priced in some AI demand expectations in advance.
Therefore, short-term attention should be paid to:
• Whether valuations are too high;
• Whether AI capital expenditures will continue;
• Whether storage price increases can be sustained.
A great industry does not mean stocks will always rise.
Prices ultimately need earnings to justify them.
SanDisk's earnings beat expectations and $14 billion buyback essentially reflect market confidence in the recovery of the storage cycle and AI infrastructure demand. In the short term, the sector may continue to be driven by sentiment; in the long term, what truly determines value is whether storage demand in the AI era can sustain growth.
This AI rally has gradually expanded from purely speculating on computing power to the entire infrastructure chain.
In the future, the market's focus may not only be on "who produces GPUs" but on:
Who can provide complete infrastructure for the AI era. $BTC #闪迪财报双超预期，新增140亿美元回购授权 $CORE Bitcoin Power Grid is the vision and positioning proposed by Core DAO, likening the Core network to Bitcoin's "power grid."
Core Analogy
Core officially uses the history of electricity development as a metaphor:
- Early Bitcoin was like primitive electricity—immense potential but limited use.
- Bitcoin Staking and BTCFi are like "light bulbs"—productizing Bitcoin's value to create income-generating scenarios.
- What truly popularized electricity and created huge commercial value was the power grid. Core now aims to become Bitcoin's power grid: providing composable infrastructure that allows various BTCFi products, protocols, and applications to "connect," massively distributing Bitcoin's security and value while generating continuous revenue.
Specific Meaning
- Bitcoin is the energy source: through Satoshi Plus consensus (combining Bitcoin hashrate, non-custodial BTC staking, and CORE staking), Core achieves extremely high security (historically about 75%-90% of Bitcoin hashrate participated).
- Core is the power grid: providing composable DeFi rails, staking systems, liquidity, and other infrastructure, enabling developers and protocols to build yield products, payments, enterprise solutions, etc., after connecting.
- The CORE token is the access cost/key: any protocol wanting to connect to this Bitcoin infrastructure (staking yields, users, liquidity, DeFi rails, etc.) must use CORE. Revenue generated flows back to CORE (through gas consumption, yield reinvestment, buybacks, etc.), forming a closed loop.
Simply put, Core is no longer just "providing Bitcoin yield products" but aims to become the underlying power infrastructure for the entire BTCFi ecosystem, enabling more products and users to connect and generate scale effects and real income.
Key Directions for 2026 (officially mentioned)
- Yield products and LST (liquid staking tokens): layering strategies on basic staking yields to generate fees and drive CORE demand.
- New banking/payment scenarios like SatPay: using yield-bearing BTC/LST as collateral for lending and spending while maintaining yields, with transactions occurring on Core.
- Enterprise solutions: providing Bitcoin-native yield engines, collateral, and liquidity infrastructure for banks, custodians, and others.
The overall flywheel logic is:
More products/users connect → more usage and revenue → more CORE demand and buybacks → stronger yields and adoption.
This is Core's official next-stage positioning formally proposed at the end of 2025 ("Core’s Next Chapter: The Bitcoin Power Grid"), emphasizing a shift from "proof of concept/yield demonstration" to "platform monetization and revenue-driven." If you are interested in specific mechanisms, staking, SatPay, or the latest developments, feel free to ask. $CORE $BTC .
Please share.. Circle's latest financial report released on August 6, 2026, and its deep bet on Arc (Circle's institutional-grade cross-chain interoperability standard), here is the analysis and market performance statistics of related high-volatility tokens.
1. Circle Financial Report and Arc Bet: A New Growth Script for USDC
Circle's Q2 2026 fiscal year report showed interest income exceeded expectations due to the Federal Reserve maintaining high interest rates, but the core highlight is officially elevating Arc to the core of its enterprise strategy.
1. The underlying logic of Arc: Arc aims to provide banks and large asset management institutions with a one-click "fiat-stablecoin-RWA" conversion gateway. Through Arc, institutions can bypass complex public memory pools and directly mint and burn USDC in a compliant environment.
2. USDC's growth inflection point:
* Compliance premium: With the full implementation of the EU MiCA regulation, USDC's market share in Europe has surged from 18% to 34%.
* RWA lubricant: The implementation of Arc solves the "last mile" problem of on-chain settlement for giants like BlackRock. If Arc can integrate the Visa/Western Union scenarios mentioned today, USDC issuance is expected to exceed $80 billion in Q4 2026, challenging USDT's dominance.
3. Conclusion: Circle is transforming from a "stablecoin issuer" to an "on-chain settlement infrastructure." The success of Arc will directly drive demand for $LINK (oracle) and $SOL (settlement layer).
Today's High-Volatility Token Dashboard (2026.08.06)
[1] $ENA (Ethena)
● Today's price: $1.3210
● Today's change: +22.10%
● Last 7/30 days: +15.8% / +12.4%
● Reason for volatility: Circulating supply exhaustion caused by a large 40 million token stake.
[2] $AKT (Akash Network)
● Today's price: $6.1200
● Today's change: +14.80%
● Last 7/30 days: +26.3% / +41.2%
● Reason for volatility: AI computing power asset rebounded driven by the recovery of US energy stocks.
[3] $RNDR (Render)
● Today's price: $12.4500
● Today's change: +12.20%
● Last 7/30 days: +8.5% / +14.7%
● Reason for volatility: Resilience of Nvidia's industry chain and AI visual storytelling support.
[4] $SOL (Solana)
● Today's price: $73.2800
● Today's change: -0.84%
● Last 7/30 days: +5.2% / +18.4%
● Reason for volatility: Circle Arc announced as preferred settlement chain, showing strong resistance to decline.
[5] $LINK (Chainlink)
● Today's price: $8.0950
● Today's change: -0.81%
● Last 7/30 days: +3.1% / +7.5%
● Reason for volatility: Arc cross-chain technology foundation established, institutional accumulation.
[6] $XRP (Ripple)
● Today's price: $1.0442
● Today's change: -1.57%
● Last 7/30 days: -1.58% / -2.80%
● Reason for volatility: Payment sector funds flowing to the more certain USDC system.
[7] $XLM (Stellar)
● Today's price: $0.1601
● Today's change: -3.45%
● Last 7/30 days: +12.5% / +4.20%
● Reason for volatility: Western Union remittance benefits fully realized, funds returning to mainstream.
[8] $FIL (Filecoin)
● Today's price: $8.9200
● Today's change: -10.70%
● Last 7/30 days: -5.4% / +21.5%
● Reason for volatility: Storage sector correction dragged down by $SNDK (-11%) plunge.
[9] $SNDK (SanDisk RWA)
● Today's price: $1,198.0
● Today's change: -11.00%
● Last 7/30 days: +20.4% / +469%
● Reason for volatility: Earnings guidance below expectations, large institutional profit-taking.
[10] $AR (Arweave)
● Today's price: $45.8800
● Today's change: -12.20%
● Last 7/30 days: -8.4% / +48.7%
● Reason for volatility: Weakening storage hardware logic, retesting important $45 support.
Note: The market characteristic in August 2026 is "extreme differentiation of assets." Do not chase Meme coins without underlying positive support; instead, closely follow "infrastructure trading mainlines" with real business growth such as Circle, Visa, and SNDK.
#Circle财报后押注Arc，USDC能否迎来新增长？ $BTC $ETH $MSTR Many people believe that the biggest reason for losing money in the crypto space is buying at the peak, chasing rallies, selling in panic, or encountering sudden market crashes. But what truly causes a large amount of retail capital to continuously shrink is not necessarily a rapid, sharp downward candlestick, but the long-term token pressure that is overlooked during market rebounds. This pressure does not appear suddenly like a black swan event; instead, it gradually erodes market confidence over months or even longer through repeated rebounds and pullbacks. One of the most easily overlooked risks is token unlocking. The current market cannot simply be defined as the bottom of a bear market. Although $BTC remains the core liquidity indicator for the entire crypto market, and some popular sectors such as AI, RWA, DePIN, L2, and public chain ecosystems still present periodic opportunities, the overall capital environment is still distinctly different from a true bull market cycle. What we see now is more of a scenario where BTC is strongly oscillating, hotspots rotate upward, altcoins locally explode, but overall capital has not fully returned. In this environment, the impact caused by token unlocking is often more pronounced than in the early stages of a bull market. The reason is simple: a bull market has continuously increasing new capital that can absorb the tokens released by the market, whereas in a bear market rebound phase, the biggest characteristic is limited liquidity. When a large amount of low-cost tokens enter the market, if there is not enough new capital to absorb them, prices will naturally be under continuous pressure. Many projects' early price increases do not fully represent strong real market demand, especially in the early stages of new projects: team token lock-up; Looking at this chart, my first impression isn't "the bull market is hot," but rather that money is still circulating within $BTC. The total market cap is stuck around 2.2 trillion, with no obvious volume increase; $BTC's market cap is 1.29 trillion, accounting for 58.81%, still absolutely dominant; although ETH has bounced back to 1915, its market cap is only about 230 billion, and the gap with BTC remains.
The meaning is simple: right now, $BTC is holding the stage, ETH is recovering, and altcoins haven't really received funds yet. Market sentiment doesn't look bad, with a fear and greed index of 39, leaning cautious; but the style shift hasn't come yet. What truly makes me more optimistic isn't BTC rising a bit more, but BTC's dominance starting to decline, ETH genuinely taking over, and funds beginning to expand outward. This current phase feels more like "stabilize first, then talk about other things." In July 2026, Filecoin proposed Solstice (FIP-0118 draft), aiming to make the most significant adjustment to the network reward system since its launch on the independent network. The core direction is to abolish the Fil+ verification system and direct some block rewards directly to the service layer driving paying customers and data on-chain, building a "service economy." This report analyzes the technical economy from three dimensions: mechanism design, governance architecture, and expected impact. I. Background of the Proposal Although the Fil+ system effectively guided "useful data" on-chain, it gradually exposed issues such as weakened verification signals, high operational overhead, and room for competition. Meanwhile, the network already has Onchain Cloud and paid transaction infrastructure, urgently shifting incentives from "pure storage capacity" to "real paid usage." Solstice is a systematic response to this need. II. Core Mechanism Design 1. Cancellation of Fil+ layering • All new sectors receive consensus rewards equally according to their committed storage capacity, with no distinction between Verified/Unverified. • Existing sectors retain their original rights and terms to ensure a smooth transition. 2. Reward Stream-Sharing Mechanism • Block rewards are split into Consensus Stream and Service Stream. • At launch: Consensus Stream 95%, Service Stream 5%. • For the next nine quarters, if onchain fil is used quarterly📉 $SNDKB (SanDisk Tokenized Stock) plunged after today's earnings report, down 7.6% in 24h, with a trading volume of $131 million, making it the only mainline asset currently experiencing a volume-driven sell-off.
📊 Current price 1288.95, 24h range 1166.45 → 1429.37. Today it dropped to 1166 intraday before rebounding with a long lower shadow, but it has fallen 46% cumulatively over 30 days, halving from its all-time high. The daily RSI14 is only 44, and the mid-term bearish structure remains intact.
💡 Recommendation logic: It follows the US stock SNDK's price action rather than crypto narratives. The CEO guided that PC/smartphone shipments will slow in 2026, and NAND demand will only recover next year, confirming fundamental bearishness. Today's rebound is an oversold bounce, not a reversal; the Fibonacci resistance zone is a shorting opportunity.
⚠️ Risk warning: Liquidity for this asset drops sharply during US stock market off-hours (Beijing time 04:00 - 21:30), causing significant price spikes. Avoid placing full position orders during night sessions. Also, it is directly driven by earnings and macro data, so do not treat it like a typical altcoin.
📈 Contract trading plan (short on rebound)
Entry: 1300 - 1350, build positions gradually in the 38.2%-50% Fibonacci retracement zone on the rebound, do not chase shorts.
Stop loss: 1372; a close above 61.8% retracement at 1361.6 signals reversal.
Take profit 1: 1170, today's low support, close half the position.
Take profit 2: 1080, upper edge of the dense trading zone 1027-1120 at the end of July.#SanDisk earnings beat expectations on both fronts, with an additional $14 billion buyback authorization
$SNDK grid trading is all about this kind of volatile up-and-down market.
My SanDisk grid cost is 1391, previously it dropped to a low of 1167, broke below the lower range boundary of 1219 and then bounced back, now the price is 1312. The unrealized loss of 30% was indeed a bit nerve-wracking, but since it didn’t break the forced liquidation price, the grid is still running, so I didn’t make any moves. Now the grid profit is 26U, total profit has returned to +5U, so it’s alive again.
This kind of roller coaster, directional trades have long been thrown off, but the grid can still profit from volatility. Arbitrage when it goes up, accumulate when it goes down, as long as the range isn’t broken, it can keep cycling.
Korean officials came out yesterday urging to speed up chip investments, indicating the Korean government is also anxious. Samsung $SAMSUNG and $SKHYNIX SK Hynix fell sharply today, but long-term demand for memory hasn’t changed, it’s just that the market sentiment is very poor in the short term. I’m not betting on SanDisk rebounding immediately, I’m betting this range can still hold. Grid trading doesn’t rely on direction, it relies on volatility. As long as the price keeps moving between 1219-1490, the grid can make money. Even if it drops to 1167, it hasn’t broken the forced liquidation price, so just keep holding.
Been busy lately, so I’ll just let the grid run, no need to watch the market every day, less hassle.