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On Monday morning, did everyone see that BTC slightly bounced and started wondering if it was time to rush in and bottom-fish? First, look at the order book data. Do you think those thousands or tens of thousands of buy orders at the bottom are there to support the price? Wake up, those are often traps set by manipulative traders!
$BTC current price 78337, order ratio 65 to 35, the buy side looks strong, especially around 76000 where there is a massive buy order of over ten million USD holding firm, but don’t forget, right above at 78055 there is a sell wall. This tactic of placing huge buy orders below and setting pressure above is designed by the main players to stabilize your emotions, making you think the price won’t fall further. Once retail investors rush in, they can cancel orders and dump the price in a flash.
Next, $ETH current price 2274, buy ratio 59 to 41, with over seven million USD supporting at 2187 below, but there is a thick sell pressure wall at 2300 above. This kind of movement with a hard ceiling above and a sponge below means without big money and real capital coming in, dreaming of a V-shaped rebound is just wishful thinking.
Finally, $SOL current price 94.4, after breaking below the 100 mark, the order ratio is 57 to 43, with over four million USD defending at 93 below. But looking closely, sell orders start to appear near 94.15 above. In a downtrend, this level of buy orders is just a dying struggle. If the market shakes a bit, it will have to probe lower.
Summary: Order book placements and cancellations are just tricks by the main players. Liquidity is average on Monday morning, so don’t blindly chase just because the buy orders at the bottom look thick.
Are you planning to buy the dip at today’s open, or wait until this wave of sentiment releases before making a move?
#美联储官员释放加息信号，12月预期仍存分歧 This is not an ordinary callback; this is the main coronary artery suddenly spasming during surgery—a single-day drop of 12.64%, equivalent to pushing about $500 billion of myocardium to the brink of ischemia at once. First, look at the vital signs: free cash flow is about negative $9.1 billion, negative for the second consecutive quarter. This is not simply a preload deficiency, but continuous leakage at the return end; rapid expansion of cloud services is like collateral circulation desperately compensating, but the sharp rise in intelligent computing capital expenditure is equivalent to increasing myocardial oxygen consumption; the slowdown in search advertising growth is the coronary perfusion pressure dropping. Together, these three factors mean blood pressure can still hold, but lactate is already rising.
Investment banks lowering target prices is like an intraoperative frozen pathology suddenly reinterpreted: the margins look clean, but infiltration is seen under the microscope. Some institutions maintain positive ratings—not a contradiction, but a divergence between blood pressure and tissue perfusion on the monitor—the large vessels are still pulsating, but the periphery is already cold. A single-day market value loss of about $500 billion is equivalent to blocking the aorta without extracorporeal circulation; any compensation is limited. Third-quarter cloud growth is a bright spot, but a bright spot does not equal perfusion. If revenue growth is swallowed by capital expenditure, it is like increasing stroke volume without increasing coronary perfusion; the myocardium is still starving. The market's disagreement over returns on intelligent computing investment essentially reflects a disagreement over myocardial oxygen supply and demand balance: on one side, capital expenditure continues to increase oxygen consumption; on the other, free cash flow cannot provide sufficient perfusion. The price plunge is just ventricular premature beats on the ECG monitor; the real lesion lies in the cash flow and capital expenditure gap.
The US stock market itself is the myocardium; the tokenized linked target is peripheral perfusion. When the extracorporeal circulation pump pressure fluctuates, the periphery cools first, not the aorta. The most dangerous aspect of this post-operative round for Alphabet is not the single-day drop, but the continuous negative free cash flow depleting coronary reserve to the critical point; no matter how good cloud growth is, if it cannot be converted into cash flow, it is like collateral circulation cannot replace reopening the main artery. What is needed now is a coronary angiography-style cash flow breakdown, not emotional defibrillation of monitor numbers.
If free cash flow still cannot turn positive next quarter, and the capital expenditure curve continues to rise sharply, this is perfusion failure requiring a second open-chest surgery, not monitor noise that can be masked by vasopressors. #googlepostearningsdrop This morning I saw US stock futures open high, and I thought the crypto market would follow suit, but then I noticed gold was also rising while crude oil was falling.
That's a bit strange. The stock index rising means some people are willing to bet; gold rising means some are still fearful; Brent crude is weakening around $112, and the USD/JPY has climbed above 157.65.
All three rising together isn't three good signs, but three groups buying separately, none willing to bet in the same direction.
So don't expect $BTC to move in a straight line. When it rises, it's a risky asset; when it falls, it becomes a cash-out machine, making it easy to get hit from both sides. $SOL is more volatile, and sharp spikes will only be fiercer. I'm not chasing it.At the very moment $710 million was pocketed, trading revenue was cut by 44%—this is not a recovery, it's a textbook piece exchange executed by the player in the midgame.
In this game of Coinbase, the move is a classic sacrifice of the rook to save the bishop. Two consecutive quarters of losses are pawns deliberately offered during the setup phase, exchanged for a fair value revaluation of $715 million in Bitcoin and Ethereum holdings. Look closely, this is not a cash flow checkmate, it's a book piece capture. What grandmasters fear most is mistaking a piece capture for checkmate—no matter how thick the book profit is, it must be seen if it can convert into real pieces that suppress the opponent. Adjusted net profit is only $78 million, which is the real piece difference on the board; the rest are all light pieces hanging in the air.
What truly made me put down my pen was another flank: prediction market annualized revenue breaking $200 million, daily traders up 60% month-over-month. This is a classic flank breakthrough. While the main battlefield’s trading revenue bleeds 44%, they quietly advanced a bishop on the unnoticed f-file—quiet but already aimed at the opponent’s king wing. Endgame thinking tells me that when the main battlefield is under pressure, whoever completes piece maneuvering on the flank first holds the tempo from midgame to endgame.
As for the market linkage of that US stock token, remember this: tokenized stocks are not new pieces, they are old pieces with a new paint job. Once the underlying asset’s fair value is amplified on-chain, on-chain and off-chain become two intersecting lines of crossfire; linkage is not following, it’s encirclement.
Main battlefield losing pieces, book inflation, flank growth—when these three signals light up simultaneously, the player’s instinct is not to celebrate but to pause.
Because the next step is to confirm whether the knight just captured on the other side is a sacrificed piece or a decoy. #coinbaseq3profitreturnsDOGE, STRK, and EIGEN have ample inflation space, with tokens continuously expanding, gradually diluting holders' equity and putting pressure on the coin price.
Celo, Qtum, and RVN have capped supply, slowed production pace, scarcity thickens over time, accumulating upward momentum.
Celo lowers the threshold for stablecoin use, targeting ordinary people worldwide; Qtum integrates Bitcoin's robustness with smart contract capabilities; RVN's issuance rules are fixed, preventing arbitrary inflation.[Apple Earnings Preview: After Memory Price Hikes, How Much Profit Can Still Be Retained?]
Finance blogger qinbafrank believes that Apple will release its new quarterly earnings report after the U.S. market closes on November 2. This quarter is very likely to deliver results close to or even slightly exceeding expectations, but the guidance for the next quarter may not satisfy the market.
His main reasoning:
1. Apple's product competitiveness remains strong, but rising costs such as memory are genuinely eroding profits. The gross margin for the June quarter was 50.1%, about 48.1% after excluding roughly 2 percentage points of tariff refunds; the September quarter guidance is 47%-48%, only 46%-47% after excluding about 1 percentage point of refund contribution.
2. Intel last week reported quarterly revenue and adjusted EPS exceeding expectations, but the problem lies in next quarter's guidance (weak PC demand, supply constraints, cash expenditures). Apple may face a similar "qualified this quarter, weaker next quarter" scenario.
3. However, the cost structures of the two companies differ greatly: Apple has high-end products, service revenue, and inventory buffers, while Intel must bear the pressure of its own manufacturing system, so the comparison cannot be directly applied.
4. His baseline estimate for this quarter: revenue about $113.8 billion, consolidated gross margin 47.7%, EPS about $2.01, slightly above market consensus; he is more conservative about the next quarter. $AAPL $DOOD Treasury just moved 690 million DOOD directly into the exchange.
Switch over to check the order book, the buy orders are as thin as paper, the small support below is basically a joke.
Massive chips hanging overhead, all recharge channels fully open, just a little dump can instantly wipe out the order book liquidity.
No rebound momentum at all, and the buy side can't hold it up; whoever stubbornly absorbs at the bottom becomes the dealer's ready cash machine.
#DOOD
$DOOD
👇👇$100 million liquidated, longs once again became the main liquidation targets.
In the past 24 hours, a total of 42,900 people were liquidated across the entire market, with a total amount of about $102 million. Among them, long liquidations amounted to $68.8608 million, accounting for 67.4%. Short liquidations amounted to $33.313 million, accounting for 32.6%. The market does not seem to have crashed significantly, but leveraged longs have already been cleared out once.
By coin, BTC liquidations reached $16.3911 million, with shorts accounting for 60.6%, indicating that during BTC's oscillation, more shorts were actually wiped out, making it tough for both longs and shorts. ETH liquidations totaled $15.0755 million, with long and short amounts close, showing no clear directional consensus yet. SOL is the most notable, with $4.1213 million liquidated in 24 hours, of which longs accounted for 91.7%, meaning funds chasing rebounds during price weakness suffered the heaviest losses.
This indicates the current market is not a one-sided trend, but BTC is sweeping back and forth, ETH continues to tug, and SOL is clearly weaker. The total liquidation scale is not extreme, and leverage has not been fully cleared. Chasing longs in the short term is prone to further downside liquidation, while chasing shorts at low levels requires caution against sudden BTC rebounds.
I remain bearish. Currently, my view is that BTC is relatively the most stable, ETH is waiting for direction, and SOL should not be bottom-fished until it reclaims key levels.Big moves are coming $BTC $ETH The direction next week will be determined by the midterm election results, which will likely decide the direction of US tech stocks and btc, eth. There are basically three possibilities:
First: Democrats take both chambers (Senate and House), Nasdaq, btc, eth will likely all plunge significantly.
Second: Split Congress: Democrats take the House, Republicans take the Senate. In this case, the negative news is priced in, and Nasdaq, btc, eth will likely all spike down then sharply reverse up in a V shape.
Third: Republicans take both chambers (less likely), Nasdaq, btc, eth will likely directly V-reverse upwards.US spot BTC ETFs shed $643.2m on 30 October, leaving the month about $516m net negative.
IBIT drove October’s inflows, but Friday’s selling hit every major fund.
With price 7.5% below the average ETF cost, inflows beyond IBIT would be the first sign of broader demand.$FIL FIL's entire network daily real storage revenue is only 4 yuan, yet its valuation still hangs at over a billion dollars.
This little cash flow isn't even enough for miners to cover a fraction of their electricity bills.
Just look at the order book to see how ruthless the whales are: 305 huge whales are firmly holding short positions worth over 12 million USDT, while the longs' pitiful positions are basically giving themselves up.
The coins produced daily have to be forcibly dumped to cash out, and there's no new money coming in off-exchange to take over.
Retail investors' sentiment can't cover miners' electricity bills; the market is naturally bearish and that's that.
#FIL
$FIL
👇Good morning everyone, as soon as the alarm goes off, it's time to get up and grind again. On the commute, I casually checked the funding situation. Wow, this market is a perfect match for us workers. Short-term looks like getting a year-end bonus, but long-term it's just still being a beast of burden!
$BTC short cycles (4-hour, 24-hour) contracts and spot are all green, with a 24-hour spot net inflow of over 60 million. It looks like a V-shaped rebound, but if you stretch the cycle to the right, the 30-day contract net outflow is 10.1 billion! What does this mean? Short-term funds are wildly speculating inside, while big money has long fled. Don't be the one left holding the bag.
$ETH is even more of a pure beast of burden. The 24-hour contract inflow is over 90 million, but 30 days saw an outflow of 9.4 billion. This small short-term money isn't even enough to fill the gaps for the big money. It's a typical short-term bull trap fight; the big trend is still down, so don't get carried away.
Interestingly, $SOL, although short-cycle contracts are flowing out, looking back at the spot, the 30-day net inflow stubbornly holds at over 17 million. Seems like some stubborn big holders are quietly accumulating spot chips at the bottom, a bit tougher to beat than the other two brothers, but don't blindly chase it either.
To sum up, short-term fund inflows are just for setting the stage, the big cycle outflows are the real bottom line. Monday just opened, watch more and act less, don't gamble your real money on the conscience of dog traders.
It's Monday today, are you planning to seize a short-term opportunity or stay out to keep safe? What do you currently hold? "Funding Observation: All Three Coins Lack Fresh Capital, Don't Mistake the Rebound for a Reversal"
🔸$BTC: The Tide Has Not Receded
4-hour spot net outflow of $163 million, contract net outflow of $543 million; 24-hour spot -$1.064 billion, contracts -$3.098 billion; 30-day spot -$1.727 billion, contracts -$10.266 billion. Spot buying support remains weak, leverage continues to shrink, insufficient evidence of stabilization.
🔸$ETH: Short-term Testing, No Mid-term Turnaround
4-hour spot net inflow of $37.06 million, but contracts still outflowing $171 million; 24-hour spot -$116 million, contracts -$2.044 billion; 30-day spot -$3.197 billion, contracts -$9.931 billion. Some short-term capital ignition, but no significant return of big money, so rebound sustainability is discounted.
🔸$SOL: Slightly Lighter Selling Pressure, Leverage Still Withdrawn
4-hour spot -$16.13 million, contracts -$18.66 million; 24-hour spot -$96.31 million, contracts -$305 million; 30-day spot -$58.24 million, contracts -$2.13 billion.
The common issue among the three is not who fell more, but the absence of incremental capital. Spot funds are not returning; any rally should be treated as a rebound first. Strategy remains bearish, no rush to guess the bottom, let capital flows give the signal first.
#美联储官员释放加息信号，12月预期仍存分歧 Counterparty theft, will it be positive for OKB?
The rise of OKB is not driven by a single factor, but is the result of a triple effect: rigid contraction on the supply side, real growth in on-chain demand, and the injection of external institutional credit.
🔒 Supply side: permanently locked cap, the narrative has completely changed
This is the basis for the revaluation of OKB's value logic.
⛽ Demand side: "consumption and staking" scenarios in the X Layer ecosystem
OKB's demand scenarios are highly focused on the X Layer Layer 2 network fully developed by OKX:
Direct consumption of Gas and on-chain activities: In Q3 2026, the daily average number of EVM transactions on X Layer increased by 262% quarter-on-quarter, DeFi TVL doubled quarter-on-quarter to $173.4 million, and ecosystem application fee income increased by 490% quarter-on-quarter. The more frequent the on-chain activities, the more rigid the consumption and holding demand for OKB as Gas.
Staking lock-up brought by Exchange OS: This is a demand "heavier" than Gas. Exchange OS, launched in 2026, allows developers to deploy spot, derivatives, and other trading venues on X Layer, with the prerequisite of staking OKB. This upgrades OKB from a mere "consumable" to "productive capital"—institutions deploying trading venues need to buy and lock OKB long-term to obtain operating qualifications, directly reducing the circulating supply in the secondary market. Just saw that Maji account left with only $1.5 after 8 liquidations has come back again, this time directly depositing $250,000 with 25x leverage to go all-in long on ETH 🍓. Do you think this is the Iron Head Myth reboot, or a trailer for the next liquidation? Honestly, my first reaction to this move wasn’t envy, but a chill down my spine. After being liquidated 8 times in a row, an ordinary person would have deleted the app and gone to do something else, but he didn’t; instead, he made a large deposit and charged in. This rhythm is too familiar—not a calm strategy, but the kind of "I must win it back" spirit after being repeatedly battered by the market. The current account looks good: nearly 3,000 ETH longs, floating profit over $70,000, liquidation price at 2219. But he also has a 10x HYPE long position with a floating loss of $12,000, liquidation price at 56, and he also sold two monkeys to raise funds. Putting these moves together, the picture is clear: it’s not a single faith in going long, but using ETH’s floating profit to cover losses on the other side; the pace is actually quite tight. What concerns me more is the emotional level. When this kind of story spreads, the easiest to ignite isn’t institutions, but retail investors’ little "If he dares, should I take a shot too?" FOMO. Once ETH is pushed by this narrative, short-term risk appetite will warm up, and altcoins will easily get restless. But on the flip side, everyone is focused on that $70,000 floating profit, no one looks closely at the hole on the HYPE side and the 2219 liquidation line. Once ETH retraces near the liquidation zone, the pressure of passive deleveraging will come faster than expected. The bullish path also $SOXL: Compared to the performance after 7 AM this morning (before the Korean stock market opened), Hynix and Samsung opened lower and weaker, SanDisk was slightly better, and SOXL showed the strongest rebound willingness I made several posts about Solana (SOL) in September and October, warning about the excessive buildup of long positions.
Now, $SOL is liquidating those bulls.
I'm also sharing what happened during the 2022 U.S. midterm elections as a historical reference.
Expect plenty of volatility ahead.NEAR, ZKC, and BERA inflation continue to operate, with chip supply continuously expanding, and holders' equity continuously diluted, causing the coin price baseline to shift downward.
AVAX, Ronin, and APT have clear supply ceilings, with release pace gradually slowing, and time continuously amplifying scarcity attributes, supporting price appreciation.
AVAX features a built-in fee burn mechanism and strong subnet architecture scalability; Ronin is rooted in the GameFi closed loop with strong stablecoin circulation demand; APT has a clear unlocking schedule and a hard cap of 2.1 billion constraining inflation.Global assets collectively hammered: stocks, gold, and crypto all fall, and safe havens no longer work
On October 30, the market experienced a "non-discriminatory sell-off." U.S. tech stocks, gold, and Bitcoin all plunged simultaneously; the usual "stocks down, gold up" pattern temporarily failed, with even gold being sold to raise cash for margin calls.
The Nasdaq dropped 2.86%, and the Philadelphia Semiconductor Index plummeted 7.2%. Intel's earnings guidance fell far short of expectations, dropping 28.56% in a single day. Gold fell below $3,900, and silver lost the $50 level. Bitcoin briefly dropped below $78,000, with over $1.1 billion liquidated across the network in 24 hours.
The only asset bucking the trend was crude oil. An oil tanker was attacked and caught fire; WTI closed above $104, Brent was around $117, both rising over 2%. But rising oil prices are not good news—they reinforce inflation stickiness and tighten expectations for a December rate hike, with traders betting about 75% on it.
The trigger was AI earnings reports shifting the "capital expenditure story" back to "when will it be profitable." Intel's guidance collapsed, Amazon's capital spending surged, and the market began questioning the AI return cycle. The risk also spread from equities to credit markets, with Intel's five-year CDS spread widening to historic highs.
Next, watch two dates: November 3 midterm elections, after which policy expectations can be recalibrated; and November 6 nonfarm payrolls, which will directly determine whether December rate hike expectations heat up or ease. Before then, stocks, gold, and crypto will all remain under pressure, which may be more worth watching than a "oversold rebound" in any single asset class.📊 Bitcoin’s key cost bases are within 2.6% of each other, the tightest coil since 2012.
4 times in history, this exact compression preceded massive multi-fold moves.$BTC dropped 3% and then couldn't be pushed down further.
Such a big black swan event—before, it would have plunged unpredictably, but this time the support at the bottom is ridiculously strong.
The key is that exchanges, to cover their holes, will have to aggressively buy tens of billions of dollars in spot later. The buy orders are openly pushed in; at this level, the shorts are completely holding on by force.
#BTC
$BTC
👇ETF money is "changing seats," not "exiting the market"
Looking at the capital flow, this is the part most easily misread.
On the surface, the US spot Bitcoin ETF saw a net outflow of $643.2 million on Friday, the largest single-day outflow since June, turning the whole week into a net outflow of $202.4 million.
But if you break down the arithmetic, the structure is completely different. FBTC outflow was about $166 million, ARKB outflow about $129.5 million, GBTC outflow about $53.3 million. Meanwhile, BlackRock's IBIT saw a counter-trend net inflow of about $176.9 million.
Do you see what this means?
This is not "institutions liquidating Bitcoin." This is "the same batch of money moving out of several products and concentrating into the leading products." The willingness to allocate has not been emptied; exposure is concentrating among a few issuers. The inflow to IBIT alone filled most of the gap.
But on-chain signals are not as mild as the ETF data. After the price tested 76,000, within 24 hours more than 36,600 BTC in loss positions held by short-term holders were transferred into exchanges. In the previous 7-day window, cumulative transfers to Binance once reached about 45,400 BTC. $ETH $BTC $ZEC #美联储官员释放加息信号，12月预期仍存分歧 #OKX、ICE与Trade.xyz联手，推动永续合约进入美国合规市场 #加密行业协同守护资产安全 AMD earnings report exceeding expectations is difficult
AMD will release its Q3 earnings report after the market closes on November 3, with revenue expected to be about $13.1 billion (upper end of guidance), EPS about $1.95, a year-on-year increase of 62%. Data center revenue may reach $8.27 billion (+90.6%), with MI400/Helios starting to contribute revenue at the end of Q3 as a core validation point. However, weak PC demand and recent stock price selling pressure pose short-term risks, making it difficult to exceed expectations. The key is whether the Q4 guidance can continue the AI narrative. #AMD财报前瞻：HeliosAI系统商业化进展 SanDisk: Strong earnings report, don't mistake the cycle peak as a starting point
Current price around $1150, dropped over 13% after the earnings report. Short-term support at 1117, if broken next reference is 1040; resistance at 1240–1260 above, only talk about recovery if it stands back at 1330.
Institutional target prices range from 2250 to 870, with a fairly consistent approach: upward revision of earnings, downward adjustment of target prices. It's not that they don't believe in current profitability, but they don't believe the 85% gross margin can stay that high.
Three uncertainties: NAND price increases are slowing down; profits rely too heavily on data centers, consumer segment is still declining; long-term contracts lock the floor price but not the volume, some clients are renegotiating, and prepayments have also shrunk.
Three operational guidelines: if holding cost is above 1300, watch 1117; don't stubbornly hold if it breaks down; don't add if the rebound is weak; stay out and wait for the right side; watch for volume contraction at 1117 and a close back above 1180 before considering; don't catch the falling knife; just observe for now, no rush to decide.
Next, watch three things: when NAND contract prices turn negative month-over-month; whether data center proportion can move toward 55%; whether long-term contracts remain just on paper.
In short: 1117 is the short-term watershed, NAND price direction is the mid-term watershed. Before signals are clear, don't chase the left side, don't bet on turning points, wait for right side confirmation. This does not constitute investment advice. $SNDK Panic is no longer confined to the spot market; it is propagating downward along the pricing chain of options and prediction markets. $BTC is currently trapped within the support zone of 79,000–80,000, with the first threshold it needs to reclaim being 81,000–82,000. What is truly striking are the two figures given by Polymarket: the probability of holding above 80,000 is only 1.2%, while the chance of falling below 70,000 is nearly 99.9%. This is not ordinary caution; this is the derivatives market pricing in a deep correction. Most people only focus on how much the price has dropped, but they overlook that this "almost certain breakdown" odds itself is an extreme sentiment signal. When the prediction market treats the downside as a given fact, marginal selling pressure has often already been pre-absorbed in the order book. Even more interestingly, the on-chain data is not entirely one-sided: large addresses have maintained positions of over 100,000 coins for several consecutive days to buy on the dip, indicating forces at the spot level that are clearly diverging from derivatives pricing. This divergence is currently the most important variable to watch. $ETH's situation is even worse than $BTC's. NUPL has slid to 0.0073, almost touching the break-even line, meaning the overall unrealized gains of holders have basically been wiped out. Surrounding funds have seen net outflows for several consecutive days, and early ICO participants' selling has not stopped, with over ten thousand coins sold just yesterday. Historically, NUPL hitting zero is often seen as a bottom signal, but this time it cannot be mechanically applied—without being able to reclaim 2,3🥇 When GOLD topped in 2020, liquidity rotated into Bitcoin and sent it from $11,500 to an all time high of $69,000.
📈Gold topped again in January 2026 and is now losing its 12-month support, while Bitcoin is up +34% from its June bottom and holding above $76,000.
Is the money rotation from Gold into Bitcoin finally starting?Epic "Blunt Knife Cutting Flesh": Bitcoin Continues to Fall, a Smokeless "Wealth Strangulation Battle"
Compared to the shock caused by a single-day plunge, this round of Bitcoin's persistent decline feels more like a smokeless wealth strangulation, known in the market as blunt knife cutting flesh. There are no thrilling liquidation alerts flooding the screen, but day after day it wears down holders' mentality. Every slight rebound is suppressed by heavy resistance from locked-in positions above, and just as hope for a reversal ignites, it dips again.
Multiple pressures continue to ease: expectations for Federal Reserve rate cuts have been postponed, U.S. Treasury yields remain high, and macro factors continue to suppress risk asset valuations; spot ETF funds keep flowing out, institutional incremental buying is absent, and the most important support force of the bull market quietly withdraws; the custody trust issues left by the Binance hacker incident continue to ferment, users' withdrawal and risk-avoidance behavior has not stopped, and market support keeps weakening.
A sharp drop can quickly release panic selling and complete rapid chip exchanges, which tends to foster a phased bottom; under blunt knife-style persistent decline, floating loss accounts accumulate more and more, traders continuously exhaust their patience in the long ordeal, and many choose to painfully exit at low levels after prolonged tug-of-war.
To end this strangulation, one cannot rely on short-term small rebounds. It is necessary to wait for ETF funds to return, macro expectations to shift, and selling pressure to be fully cleared with multiple signals resonating. Blindly bottom-fishing before this is very likely to fall into a long period of floating loss consumption. #AMD财报前瞻：HeliosAI system commercialization progress Risks are concentrated in the tug-of-war between gross margin and business structure. The higher the proportion of data center business, the more obvious the nearly 20 percentage point gross margin gap between AMD and Nvidia (about 56% vs about 75%), with growth businesses actually diluting overall profitability. Meanwhile, impacted by rising memory and component costs, the company previously warned that gaming business revenue in the second half of the year would decline by more than 20% quarter-over-quarter, and the drag of the client and gaming segments on overall growth will become more apparent in Q3. The stock price had already fallen more than 8% before the earnings report due to sector sentiment, but the consensus rating from 55 analysts remains “Strong Buy,” with an average target price of about $640–$664. Susquehanna raised its target price to $650 before earnings, and Aletheia Capital even gave $800. The divergence in pricing itself indicates that market confidence in the “2027 doubling narrative” is uneven.From "panic sell-off" to "wait-and-see volume shrinkage": Bitcoin's drop today is scarier than last night
Last night was characterized by a high-volume panic sell-off, with bulls concentrated in forced liquidations and rapid chip exchanges, risk vented all at once, often followed by strong support after the drop; today, the market quietly shifted to a low-volume gradual decline mode, seemingly narrowing the drop but actually hiding greater risks.
The truth behind the volume shrinkage is not that selling pressure is exhausted, but that both buyers and sellers are lying flat: aggressive shorts no longer actively sell off, but funds originally waiting to bottom-fish are collectively watching, the order book's support thickness has significantly thinned, and a small number of sell orders can drive the price down. Continuous net outflows from ETFs, aftereffects of custody trust, and delayed interest rate cut expectations—these three pressures have not been lifted, only shifting from intense outbreak to chronic consumption.
The pain of a sharp drop is short-lived; after panic positions clear, it is easier to see a phased bottom; but a low-volume wait-and-see decline will continuously wear down holders' patience, every slight rebound is suppressed by trapped positions above, repeatedly eroding market confidence.
The most dangerous misconception now is interpreting volume shrinkage as the drop being unable to continue. As long as incremental buying is reluctant to enter, liquidity continues to shrink, and a new round of breakdowns may occur at any time. A true bottom requires confirmation by volume-supported signals, not a volume-shrinking, no-volume gradual decline.SNDK Short Selling Plan!📉
Strategy:
Wait for the price to rebound to the 1165-1175 resistance zone (EMA5 suppression + previous small platform), then enter short positions after being resisted. The initial target is 1117 (24-hour low); if broken effectively, the next target is the 1100 whole number level; stop loss is set at 1205 (above EMA10).✅
Core Basis:
1️⃣ Bears dominate the market: The long-short position ratio is only 11.54%, with short positions around 142 million U, nearly 9 times the longs; the average short price is 1299, with a floating profit of about 88%, while the average long price is 1277, deeply trapped, showing a clear advantage for the bears.
2️⃣ Clear moving average suppression: The 4-hour EMA5/10/20 are at 1168/1202/1243 respectively and diverging downward; the rebound cannot even hold above EMA5, indicating a clear bearish trend.
3️⃣ Weak liquidity: The market is quiet during the off-hours, making it easy to push down and clear longs after opening; rebounds look more like opportunities for bears to enter.
Approach: Do not chase the rebound; short after resistance is confirmed.⚠️Not a black swan, but old wounds bleeding: An in-depth review of Bitcoin's "gradual decline" logic today
Many people tend to attribute sharp drops to sudden black swan events, but this round of Bitcoin's gradual decline does not stem from any sudden major negative news. Instead, it is a continuous bleeding of a series of "old wounds" that were buried long ago. The large-scale Binance hack incident has long ended, but market doubts about the security of centralized exchange custody have not truly dissipated. The outflow of funds withdrawing to avoid risk has always existed; this is the first long-unhealed wound.
The second old wound comes from macro liquidity expectations: the Federal Reserve's rate cut expectations have been continuously delayed, and U.S. Treasury yields remain high. Since the beginning of the year, this has continuously suppressed the valuation of risk-free assets, only previously masked by incremental ETF buying; now, with ETFs experiencing continuous net outflows, institutional support has vanished, fully exposing macro-level pressure.
The most wearing aspect of a gradual decline is the lack of rapid panic selling. Every small rebound encounters profit-taking from trapped positions above, with selling pressure continuously flowing. Although leveraged positions have not experienced epic single-day liquidations, bullish confidence continues to erode under the weak trend.
To end the gradual decline, it is not about relying on a single positive catalyst but requires the gradual repair of multiple old wounds from earlier: ETF capital inflows, renewed market custody confidence, and revived rate cut expectations. Before this, the grinding downward pattern is difficult to break completely. $ETH 2270 is stuck at the “2250 lifeline,” recovery ≠ reversal
Market summary:
4H: Price is stuck below 2273 resistance, EMA25 pressing down; MACD red bars shrinking below zero line, KDJ oversold recovery, rebound lacks volume
2250 is the daily pivot support, 2244 is the key hourly level; below, 2170–2172 previous lows not broken = bottoming, if broken then look at 2100
Capital betrayal: Spot ETH ETF has seen net outflows for 23 consecutive days (4.31 billion withdrawn in five days from 10.26–30), fee rate dropped to the lowest since June = crowded shorts, but buying hasn’t returned
On-chain bottom support: 43.8 million staked (35.9% of circulating supply), Binance withdrawals resumed, 95% of stolen assets replenished, panic temporarily eased
Three critical lines:
2,250–2,244 = lifeline, daily close not breaking = bottoming
2,273–2,300 = rebound wall, only breaking with volume removes the “weak” label
2,317–2,360 = true reversal threshold, requires BTC to return to 78.5K+ with volume
Ethereum now:
Hacker aftermath stabilized, but institutions are still withdrawing—
Holding 2250 means “oversold recovery,” failing to break 2273 is just short covering drama.
No volume over the weekend, don’t trust mid-level breakouts.
Trading tone: If 2250 holds, very light positions to bottom; add only on volume above 2273; reduce if 2244 breaks, exit if 2170 breaks, only consider long above 2317. $ETH #US stocks and gold and silver plummet simultaneously, safe-haven funds diverge Global markets have experienced a brutal indiscriminate slaughter. $BTC fell below 77,000 — is the real "darkest hour" coming?
The Nasdaq plunged 2.86%, semiconductors crashed 7.2%, even the safe-haven gold collapsed 3.5%, and silver broke below the $50 mark, plummeting over 6%. Our big coin also couldn't hold up, directly falling below $77,000.
What exactly happened? Liquidity across the entire market has been drained, and indiscriminate deleveraging is underway!
Look, the 10-year US Treasury yield has fallen back to 4.93%, indicating that at this extremely panic-stricken moment, large funds are frantically cashing out and exiting. To cover margin calls, even hard currency like gold is being sold off, and ultimately all the liquidity flows into risk-free US Treasuries. In this deleveraging meat grinder, there is no independent "safe-haven asset" market.
Back to our chart, the big coin is now in a very awkward position. It wanted to wear the "digital gold" label to hedge risk, but looking down, it still carries the "high beta tech stock" tag. When US stocks fall, it falls too, and coupled with the aftermath of the hacker incident, confidence is severely shaken.
Currently, the big coin is precariously hovering around 77,000. Looking down, 76,100 to 76,800 is the densest liquidation minefield for bulls. Once volume breaks through this area, triggering a chain reaction of long liquidations, that will be the true darkest hour.
(This article is for reference only and does not constitute investment advice)It’s plummeting! From 78,000 to 75,000, how much longer will Bitcoin’s "slow knife cut" continue?
Bitcoin has slowly slipped from 78,000 down to the 75,000 mark, without any dramatic single-day crash, but it’s an excruciating "slow knife cut": every small rebound fails to break the previous high, then it turns down again, with holders continuously losing patience amid repeated hope and disappointment.
Behind this gradual decline are three ongoing pressures: the Fed’s hawkish shift suppressing global risk asset valuations, persistently high US Treasury yields leading funds to avoid high-volatility assets; continuous net outflows from spot ETFs, absence of institutional incremental buying, and lack of strong market support at the bottom; the lingering trust shadow from Binance’s large-scale theft incident, persistent withdrawal risk aversion sentiment, and thinning order book depth. Unlike a sharp drop that quickly releases selling pressure, the slow decline accumulates trapped positions, and even slight rebounds trigger selling pressure from those unlocking losses.
No one can accurately predict when this slow decline cycle will end. To end this grueling market, two major signals need confirmation: sustained net inflows of ETF funds and renewed expectations of macro interest rate cuts. Until then, the oscillating downward pattern is hard to completely reverse, and blindly bottom-fishing is very likely to fall into a long period of unrealized losses and suffering. BTC Liquidation Heatmap Observation | "Liquidity Danger Zones" Both Above and Below, Risk of Pin Bar Liquidation Heating Up ⚡️
The OKX BTC/USDT 24-hour liquidation heatmap shows yellow highlighted areas representing dense liquidation zones. Currently, there is substantial leveraged liquidity both above and below the price, which is fluctuating clearly between two liquidation zones 📊.
The upper 78300–79500 area is a relatively concentrated short leverage zone. If the price breaks upward, it may trigger passive short position liquidations, causing a short-term spike with pin bars ⚠️.
Near 75900 below is a dense long liquidation zone. If the market dips, it easily triggers long stop-losses and liquidations, resulting in downward pin bar movements 🔻.
The current price is squeezed between these two major liquidation zones, with "fuel" on both sides, making short-term back-and-forth pin bar movements and two-way leveraged position liquidations more likely. Overall, the range-bound oscillation pattern is obvious, with higher risks in chasing rallies or cutting losses 🌪️.
For market review reference only, not constituting any trading advice 🙏The first impacted asset in the Binance security incident has surfaced. TRM Labs' on-chain tracking shows that the attacker prepared for at least 36 hours and, within about four minutes, consolidated 233 million XRP from five Binance wallets, worth nearly 300 million USD, before spreading to the hot wallets of BTC and ETH. XRP was the starting point of this attack chain, not collateral damage.
However, the market did not accept XRP's pricing. After the incident, XRP fell from around $1.60 to about $1.25, ranking among the top declines among mainstream assets and breaking below the 200-day moving average. Meanwhile, Binance's XRP reserves dropped by more than 8% within two days, with balances on Bybit and Bithumb also declining simultaneously, and withdrawals occurring across multiple platforms. Binance has confirmed that XRP is fully backed 100% by reserves, but the divergence between on-chain withdrawals and price weakness indicates that users gave different answers to "assets being replenished" and "whether they still want to keep assets on the exchange."
BTC rebounded above 78,000, but volume has yet to cooperate; ETH recovered near 2,270, with 2,300 forming short-term resistance. The market's calm recovery masks a more specific issue: when the first target of a security incident is XRP, rebuilding trust will not happen solely through proof of reserves. #加密行业协同守护资产安全 #Circle财报在即，稳定币增长能否兑现收益？ Brothers, Circle $CRCL is about to release its Q3 earnings report on November 4th, and I see the topic's popularity is almost breaking 3 million. Honestly, I personally hold a "cautiously optimistic" attitude toward this quarter's earnings.
First, the optimistic side: with the continuous expansion of USDC circulation and the current relatively strong U.S. Treasury yields, Circle can definitely still make a lot of money "eating interest" from reserves; this basic foundation is very solid.
But the key question is: what is the "quality" of this money earned? I've always thought that relying solely on interest income is not sustainable in the long run. In the earnings report, I will focus on two points: one, have they reduced the "distribution costs" paid to channels like Coinbase? If most of the profits are distributed, then no matter how good the earnings look, it's just bloated; two, how much has the "stablecoin payment business" they keep promoting actually materialized? Are ordinary retail investors and merchants really willing to use USDC for real payments?
If they are simply propped up by a high interest rate environment, once the U.S. cuts rates, the performance will turn around faster than flipping a page.
What do you all think? Will Circle's earnings beat expectations this time? Do you hold CRCL stock or a large amount of USDC?On October 30th, the Philadelphia Semiconductor Index dropped nearly 7%, with 29 of the 30 component stocks turning red.
What was your first reaction? "Chip stocks crashed, run away."
But if you only saw "everything is falling," you missed the most important information of the day.
Even though they all fell, some had accidents, while others were just stuck in traffic. You need to get out of the car after an accident, but not in a traffic jam.
First, look at the#d#FedHikeOutlookDivided is No.1 trending and market doesn't care 😂
St Louis Fed Musalem: "further tightening soon needed"
Dallas Fed Logan: hawkish too
Market reaction? Hike odds still flat. BTC +0.30%
Translation: Hawkish talk without data = noise. Everyone waiting for Nov 6 jobs report to decide December.
Fed divided, market says "show me data".
Do you think Fed actually hikes in Dec or is this just jawboning to control inflation expectations? 👇
#btc $BTC The most fragile link in October has never been the direction judgment, but the itchy hands. 🫧 How long has it been since you last touched perpetual contracts? Here’s a review of October contracts: total profit exceeded 2.45 million, 53 trades with a 98.11% win rate, BTC contributed 1.07 million, ETH contributed 800,000, profit-loss ratio 1:6.32, total loss capped at just over seven thousand. The numbers look like cheating, but my first reaction wasn’t envy—it was staring blankly at that 98.11%—53 trades with only one or two mistakes, which feels more like the rhythm was just too smooth rather than the risk being truly priced in. The sharer’s own account confirms this: after a long break, they came back with precise entries and exits, decisively pocketing profits, never holding losing positions. It sounds like discipline, but it hides an easily overlooked risk—during a favorable trend, taking profits too quickly can make one mistakenly believe that small losses are a skill rather than market cooperation. The real test of position management is whether you can maintain the same speed and mindset after three consecutive losses. In today’s market, this "fast in and fast out" rhythm has its rationale. BTC and ETH remain the main battlegrounds; altcoins show weak sustainability, risk appetite hasn’t fully opened, and taking the initiative in short-term trades is indeed more comfortable than stubbornly holding. The bullish path lies in: as long as BTC doesn’t break key support, this high-frequency small-win rhythm can continue; the risk is that once volatility expands and slippage widens, the 1:6.32 profit-loss ratio will be quickly eaten up, and the psychological inertia from a high win rate most easily leads to increasing position sizes. My own adjustment is simple: upgrade "never hold losing positions" to "never chase losses," presetting a maximum for each trade$LSK LSK's funding rate this round is really outrageous, the shorts are paying interest every day and still holding on hard, yet the spot price stubbornly refuses to break down.
Plus, a quarter of the total tokens were directly burned, instantly lightening the circulating supply by a big margin. The shorts have brought the powder keg themselves, just missing a needle now.
#LSK
$LSK
👇$ETH is structurally weaker than $BTC by one level: BTC is still above the 50-week moving average, while ETH closed 2.4% below the 50-week moving average last week, and the rebound volume is only 1/7 of the volume on the sell-off day. This is a "false appearance of not falling," not a "bottom formed by not falling." Bulls should avoid and only short on rebounds. Short-term rating: Avoid (long); Bearish plan: Wait and watch for trigger. Key reference prices: Current price 2,259.1 | Primary resistance 2,300–2,320 (50-week MA 2,314.8) | Secondary resistance 2,360–2,375 | Primary support 2,208–2,222 | Critical line 2,159–2,175 BTC vs ETH structural comparison Distance from 50-week MA +2.6% above (77,724 vs 75,762) -2.4% below (2,259 vs 2,314.8) Distance from 60-day high -11.1% -19.6% RSI 14 36.1 31.8 (closer to oversold but weaker) ATR 2.50% 3.67% (higher volatility, stop-loss easier to trigger) Relative strength—ETH/BTC 0.02904, one month -9.3% Conclusion: The bearish logic for $ETH is stronger than for BTC; shorting ETH offers better cost-effectiveness than shorting BTC; when going long, BTC should be preferred. Trading advice and strategy Plan A (main recommendation): Short on rebound to the 50-week moving average Underdog Coin Watch: Buybacks, Rent Collection, and Neglect
$LAB ($0.045): MemesLab's multi-chain trading terminal surged to $27.26 last month but now stands at only $0.045. Although the project team is conducting buybacks, ZachXBT revealed that team-linked wallets sold 18.4 million tokens within 48 hours. The previous 3.57% rebound seemed more like a reaction to buyback news rather than market consensus. Once buybacks stop, the price may still face downward pressure.
$SLX ($0.048): Solstice splits wafer fab long-term usage rights into on-chain shares, collecting rent quarterly with leases mostly spanning 5 to 10 years, unaffected by spot memory prices. Intel's weak Q4 guidance dragged down chip stocks, but SLX only saw a slight decline. Its logic leans toward RWA stable cash flow, making it unsuitable for short-term price arbitrage evaluation.
$RE ($0.37): Re public chain insurance protocol focuses on automatic payouts but has only $530,000 in transaction volume, making it the thinnest market. After Binance was hacked, it barely reacted, indicating that funds do not recognize the on-chain insurance narrative. The price does not agree; no matter how reasonable the theme, it is hard to form momentum.
This article is for market analysis only and does not constitute investment advice.
#OKX、ICE与Trade.xyz联手，推动永续合约进入美国合规市场 Order Book Strength Ranking
5-minute median slippage, estimated by order book
After amplifying orders for AXIS and FLOCK, slippage for both buying and selling increased significantly, with AXIS showing the highest simulated slippage at the 100,000 scale.
$AXIS simulated slippage for 10,000 scale buy/sell is 0.30%/0.36%, and for 100,000 scale is 1.33%/1.18%. After order amplification, slippage on both sides rises, with a clear premium on large orders.
$AKE large sell cost decreased. Simulated sell slippage at 100,000 scale dropped from 1.03% to 0.91%. Depth is improving, making the same order size cheaper.
$FLOCK simulated slippage for 10,000 scale buy/sell is 0.12%/0.16%, and for 100,000 scale is 0.93%/0.82%. A sign of thin depth is synchronous increase on both sides.ETF money is flowing into $BTC, while $ETH is flowing out.
The 24-hour liquidation volume dropped to 48.72 million, with liquidations on both sides basically matching.
How is this number calculated: During a one-sided stampede, liquidations are heavily skewed to one side. Now that longs and shorts are about even, it indicates that the sharp drop wave has passed.
Where is the money going: $BTC ETF net inflow is 135 million, $ETH net outflow is 156 million, for five consecutive days.
In the same market, water is flowing in on one side and leaking out on the other; this is not a broad rally.
Whales are acting against each other: Someone spent 17.24 million to buy 7,703 $ETH, while others closed longs and opened 20,000 short positions.
At the same price level, two groups are doing opposite things, indicating unresolved divergence.
Working backward, $ETH needs to hold above 2279 to be considered recovered; currently at 2265, it’s still a bit short.
If this gap isn’t filled, the weakness remains structural.
#BTC持续震荡，后续走势受多重因素影响 $BTC $ETH Don't bottom-fish! The three major death signals behind Bitcoin's sharp plunge, the last one is the most fatal
Many rush to buy the dip when they see a pullback, but this round of decline has already triggered three major danger signals, each layer eroding the foundation of the bull market.
First, the Federal Reserve turns hawkish, expectations for rate cuts continue to cool, U.S. Treasury yields rise, raising the holding cost of the interest-free asset Bitcoin, putting pressure on the macro valuation midpoint, signaling a top-level liquidity contraction. Second, continuous net outflows from spot ETFs, the most important institutional incremental buying in this bull market has begun to retreat, the bottom support that used to buy on dips has disappeared, the market loses its most important buffer, and the resistance to decline is greatly weakened.
The third and most fatal signal: the resonance of industry trust fractures and high leverage. The aftermath of exchange security black swans has not dissipated, holders' willingness to withdraw coins for risk avoidance is rising; the contract market's long positions are crowded, once the price breaks key support, a chain of forced liquidation sell orders will self-reinforce, creating a negative feedback loop of selling more as prices fall.
As long as ETF funds do not flow back and macro expectations do not turn dovish, every rebound is likely to become a trap. At this stage, blindly bottom-fishing essentially means gambling principal on an unrealized reversal expectation, with a clearly deteriorated risk-reward ratio. First, let's look at the divergence between price and capital. BTC is reported at $77,868, down 3.3% over 7 days, only 6.5% above the 200-day moving average; ETH holds above $2,200, but contract net outflows are $134 million and spot net outflows are $88.21 million, making it the weakest among the three; SOL rebounded from $92.34 and stabilized around $96, with spot net inflows of $40.79 million and contract net outflows of $6.47 million — leverage is withdrawing, spot is absorbing, making the structure the healthiest. All three fell, but their core dynamics are completely different. ETF data is more easily misread. From October 26 to 28, the US spot BTC ETF had a total net inflow of $423.6 million over three consecutive days, and on October 30, there was still about $135 million net inflow in a single day, yet BTC lost the $77,000 level during the same period. Breaking it down, IBIT accounted for nearly 99% of the three-day inflow, while hedge funds reduced their ETF exposure by about 68,000 BTC during the same period. Total inflows do not equal incremental bullish capital entering the market; it looks more like targeted turnover of existing chips. The macro environment has not given the "eve of a bull market" permission. The Federal Reserve held steady in October, keeping rates at 3.75%–4%, but the dot plot raised the median rate forecast for the end of 2026 to 4.1%, with over an 80% probability of at least a 25bp hike in December. CPI year-on-year is around 3.5%, core PCE Bottoming out upon reaching support? Don't mistake "oversold" for a reversal; the risk of further decline in this round is still unresolved.
From a bearish perspective, the most dangerous thing here is not the drop itself, but the consensus expectation of "bottom fishing at support." As of 2026-11-02: BTC is at $77,740, daily RSI only 27.83, ETH at $2,257 with RSI 26, indeed in the oversold zone; however, BTC and ETH's MACD still show a death cross, and the super trend remains downward, indicating that oversold only represents short-term selling pressure release and does not automatically mean a trend reversal.
BTC has dropped 8.41% in the past 30 days, still close to the 7-day low; ETH has fallen 16.58% in the past 30 days, showing even more weakness. If rebound volume continues to stay below average and prices cannot reclaim short- to mid-term moving averages, upper resistance may still dominate the pace. In my bearish scenario, BTC attention is on $74,800, ETH on $2,050; these are just scenario projections, not definite targets. ZEC currently at $1,223, although with a MACD golden cross and bullish moving averages, the super trend remains downward, and there was net capital outflow on the day; $1,050 is also a downside scenario level to watch.
On the news front, recent security incidents and industry loss statistics may still suppress risk appetite. For me, whether the rebound can continue depends on whether volume, moving averages recovery, and capital flow improve synchronously; lacking any one of these, it is unwise to directly define the rebound as a reversal.
The above is market analysis only and does not constitute investment advice.🔥 The U.S. midterm election votes will be counted tomorrow. Come and see what's going on!
The results will be out Wednesday morning Beijing time. Polls are already very clear: it's highly likely the Democrats will take the House, about 70% chance for the Senate, and roughly 70% chance to take both chambers. The market-killing Infrastructure Bill got stuck in the Senate in September. If Democrats take the Senate again, the Banking Committee chair will be replaced by Warren, who led opposition to this bill. There's no chance for the bill to be revived in 2027 or 2028.
Elon Musk spent $445 million to support the Republicans, which also protects himself. The Democrats have already said that if they take both chambers, they will investigate his contracts and the previous government's efficiency department.
The market has been suppressed all along.
1️⃣ The Federal Reserve meeting at the end of October is expected to hold steady, but two votes favor a rate hike. The probability of a rate hike in December is now set at 71%.
2️⃣ Binance was hacked, and $BTC dropped directly to 7.65.
3️⃣ Election-related safe-haven money is flowing out; spot funds had a net outflow of over $500 million in October and dropped 9% in 30 days, showing continued weakness. After bad news is priced in, a bounce is easier. Let's first see if 80,000 can hold.
🔺 Specifics depend on the election and the Federal Reserve meeting on December 9.
Everyone is so pessimistic about Bitcoin's trend over the next two months.
Bitcoin price forecast for the end of November:
Probability of being below 77,500 is 94%, below 72,500 is 48%;
Probability of breaking above 80,000+ is 81%, above 82,500 is 60%; Someone in the group posted a chart from 2008, and it sent chills down my spine...
Brothers, today someone in the group shared this chart and pessimistically shouted: "After the policy bottom, there will be another 70% drop." I fell silent after seeing it.
From 6124 points, the saying "a bull market turnaround is priceless" was proven false, dropping all the way to 1664 points. This chart hits the heart of the matter, vividly depicting how retail investors were misled by "experts," stubbornly holding on step by step until forced liquidation.
Back to our crypto circle, how similar is the current situation?
After the market crash, various announcements and positive news come out to support the market. Many can't help but think, "The policy bottom has arrived, time to bottom-fish." But remember: the policy bottom never equals the market bottom. The real bottom is forged by bloodied chips being sold off, not by shouting.
As for a 70% drop? If Bitcoin drops 70%, it would go down to just over 20,000, which would mean a global financial tsunami. I don't guess the bottom; I only follow discipline: low volume consolidation, not chasing is the bottom line. If Bitcoin can't hold 78,000, I'll keep watching the show; if it breaks 76,500, I'll wait for even lower bloodied chips.
Have you ever been fooled by such "iron bottom" talk? Let's discuss in the comments 👇
$BTC $ETH #美股与金银同步大跌，避险资金流向分化