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$LSK Negative news: The old house just had its water and electricity cut off, and LSK took a tumble on the way to moving
The landlord pulled the plug on October 31st as scheduled, officially shutting down the old Lisk chain. The official stance is that any LSK left on it without migration can never be recovered
Today LSK dropped to 0.219, down 18.65% in 24 hours, with a trading volume of 5.2 million USD, directly topping the list of biggest losers. Compared to that, TRX’s 3.5% drop looks like just a scratch
What makes me even more uneasy is that the official called on the ETH/LSK liquidity providers on Uniswap the day before yesterday to withdraw liquidity first, with no word on when to return. The number of people able to take over on-chain just suddenly shrank
There is actually good news on the table too: the August proposal burned 100 million tokens, cutting the total supply from 400 million to 300 million. But right now everyone is busy moving boxes and no one has time to check the ledger
With such thin depth, a single large sell order can cause a long wick. As someone currently at a loss, I can only crouch at the stairwell watching the moving company unload.I look at on-chain opening positions by first placing them within the framework of liquidity and overall risk appetite, rather than immediately calling for a reversal upon seeing a short position. This time, Core Trader 43 (0x6be7cd…e6e6b) opened a short on $BTC with 3x leverage, a notional value of about $276,200, and the trading outcome is still unknown.
My judgment is: this is a somewhat defensive directional expression, but it is not enough to indicate that large funds are collectively retreating. The amount looks straightforward, but a single address is just a slice and cannot directly represent the entire market's vote.
Here, I will analyze it separately. Compared to higher leverage positions, 3x leverage allows more tolerance for short-term counter-movements, but it does not mean the direction is more accurate; additionally, monitoring does not show the wallet's full assets, so this short position could also be used for hedging and cannot be directly assumed to be fully bearish.
Following macro logic, if liquidity expectations tighten and overall risk appetite declines accordingly, then this kind of short expression has more explanatory power; if risk appetite rises, the short position will also face counter pressure. This is just my conditional speculation, not a background confirmed by the data. I tend to record it as a defensive signal and then observe whether the macro environment supports it, rather than drawing conclusions based on a single address.The latest response from He Yi early this morning has further clarified the scope of impact of this hot wallet incident.
Currently, industry collaboration has frozen about $3 billion in related assets, and the actual affected scale is estimated to be around more than $3 billion, accounting for about 2% of user assets and public reserves.
Another key point is: withdrawals have been suspended for nearly a day and are expected to gradually resume within the next 42 hours. The platform stated it will first use its own funds for compensation, which does not mean it needs to directly buy tens of billions of dollars in assets from the market.
But what really needs attention on-chain is the approximately 18,270 BTC in the hacker's hands.
Stablecoins can be frozen by the issuer, but native BTC does not have such a mechanism, so this portion of funds still carries uncertainty regarding market selling pressure.
Looking at the BTC market:
24-hour high: 78801
24-hour low: 76265
Current price: about 77220
After a rapid drop from above 80,000 last night, the price is currently oscillating mainly between 76500 and 78800.
The progress of freezing assets indeed helps stabilize sentiment, but before confirming that the risk is completely eliminated, I will not define this rebound as a trend reversal for now.
Short-term focus on several levels:
Support: 76500, reduce positions if broken
Resistance: 78000, watch 78800 again if it stabilizes above
Defense: below 76100
If it stabilizes above 78000 again, we can continue to observe the performance near 79000.
#FedHikeOutlookDivided $SEI's performance positioning requires validation through real order flow. In risk markets, high-speed matching can enhance the experience but may also accelerate leverage liquidation and volatility transmission. If application-side trading is continuous, depth is stable, and fees can cover incentives, performance will form a commercial barrier; if activity is concentrated in a few short-cycle markets, user migration costs are low, and speed advantages are difficult to solidify into token value. $SEI's performance positioning requires validation through real order flow. In risk markets, high-speed matching can enhance the experience but may also accelerate leverage liquidation and volatility transmission. If application-side trading is continuous, depth is stable, and fees can cover incentives, performance will form a commercial barrier; if activity is concentrated in a few short-cycle markets, user migration costs are low, and speed advantages are difficult to solidify into token value. ETF is receiving BTC, large addresses are transferring to custody — in the same downturn, money flows in two directions
24-hour liquidation of $1.347 billion, bulls account for 86.68%. BTC low at 76,769, currently at 77,400; ETH at 2,240; SOL low at 94.38.
$BTC around 77,400. Spot ETF net inflow of $13.5 million in one day, receiving about 1,684 BTC, almost the only party absorbing it. But 76,895 below is the densest area for bulls, less than 1% from the current price; 80,133 above is the concentrated zone for bears, with the closer and thicker side below.
$ETH around 2,240. ETF net outflow of $105 million, cumulative outflow of $1.45 billion in October; but staking volume hits a new high of 43.8 million, accounting for 35.9% of supply. ETF is selling “paper ETH,” while on-chain is locking “real ETH,” 2,200 is the line the market is supporting.
$SOL around 95–96. ETF net inflow of $6.12 million in one day, the only one among the three coins still receiving money; but about 1.223 million SOL (117 million USD) transferred to Coinbase Prime on the 31st. Fee rate -0.0097%, shorts pay, bulls still hold 76.1% of accounts.
In short: liquidations clear leverage, money does not run indiscriminately — BTC’s ETF is receiving, ETH’s whales are hoarding, SOL’s large addresses are transferring.
#加密行业协同守护资产安全 After a liquidation of 1.167 billion, who is quietly picking up the bloodied chips?
Long positions were liquidated for 1.167 billion, and the market is in mourning, but the flow of funds reveals something strange—some are panic selling to exit, while others are secretly picking coins to buy the dip.
The root cause of the sell-off is not complicated: December rate hike expectations suddenly heated up, the shadow of a hawkish pause looms, rate hike bets rise, and the valuation space for risk assets is directly suppressed. But what really stands out is the divergence of funds—BTC ETFs continue to accumulate, $ETH has seen outflows reaching 150 million in a single month, and after $SOL fell below the 100 mark, the shorts not only didn’t stop but continued to increase pressure. The gap between strength and weakness was completely widened overnight.
At this time, don’t rush to shout "the spike is the bottom." The spike during the session, if it can’t hold, is a bull trap. BTC at 76k, ETH at 2300, SOL at 100—these three levels are absolute dividing lines. Especially for SOL, after losing the 100 mark, whether the rebound can close and hold above 100 is key; otherwise, the current rebound is just a feint. $BTC
#美联储官员释放加息信号，12月预期仍存分歧 A $6 billion stolen fund is looking for an exit on-chain.
The FBI, Secret Service, and IRS Criminal Investigation Division stated that the assets stolen by TraderTraitor from Binance were mainly converted into ETH. This choice is not surprising; ETH has the deepest liquidity tier, making it difficult to move in or out without affecting the price, and it also has countless cross-chain and exchange channels layered on top, which can erase traces layer by layer.
Therefore, the focus of this blockade is not on Binance but on the exit. THORNode operators have been asked to block related addresses, and instant exchanges and DeFi service providers are also on the list. In other words, the money has already left the exchange and is now stuck in the stages of token swapping and cross-chain transfers.
For $ETH, this is an unclear supply shadow. A $6 billion volume cannot be dumped into the market all at once, but as long as these coins remain in some address, every rebound will raise suspicions that it is being sold off. The real price impact depends on how much is ultimately frozen, not on the size of this news.
On the other hand, it is more worth considering that law enforcement now assumes that cross-chain nodes and DeFi frontends can be required to cooperate. Once this line becomes a precedent, the neutrality of decentralized infrastructure will need to be redefined. The volatility of $RUNE and the nature of trading essentially reflect this expectation.The Nasdaq $QQQ has fallen for three consecutive weeks, dropping another 2% last week, while the S&P fell 0.6%. The first to catch the ball this week is Apple $AAPL, which will report earnings after the market closes on Monday Eastern Time, with results coming out Tuesday morning Beijing Time.
Apple's own guidance is not low: revenue is expected to grow 9% to 11% year-over-year, iPhone revenue to increase by double digits, and gross margin to be between 47% and 48%. The key points to watch are how well the iPhone 18 Pro sells, how much the memory price increase eats into gross margin, and the guidance for the next quarter. Palantir reports after the market closes the same day, AMD will release data center and Instinct chip results on Tuesday night of the midterm election, followed by Qualcomm and Arm on Wednesday. The AI chain from software to chips will be covered in a week.
The background is not very favorable. Last week's tech earnings were disappointing, and concerns about AI spending have resurfaced. The Federal Reserve held rates at 3.75% to 4% in October, but two members voted for a hike; Friday's nonfarm payrolls are expected to be between 55,000 and 65,000, compared to only 29,000 in September.
There is some consolation: the "Stock Trader's Almanac" shows that November in a midterm election year is the best month for the Nasdaq, with an average gain of 3.5%.
This time Apple is focusing on gross margin, not revenue. A 47% margin is a threshold; if maintained, it means Apple can withstand the memory price increase, giving the Nasdaq confidence to ride the seasonal effect of the election month. The worst-case scenario is Apple’s gross margin falling below 47% and AMD’s data center results missing expectations, which would likely lead to a fourth consecutive week of decline. If Friday’s nonfarm payrolls are strong again, a rate hike in December will be even harder to avoid. #美联储官员释放加息信号，12月预期仍存分歧 $BTC Between 78,000 and 81,000, this area is now densely packed with trapped, unlucky holders.
The majority of the cost basis is stuck tightly around 79,000.
With such a huge dam looming overhead, if the market tilts upward even slightly, the army eager to break even will frantically dump their holdings.
Rushing in now is purely acting as an ATM for the veterans at the peak; the current rebound is basically a desperate escape wave.
#BTC
$BTC
👇$XPL dropped 96%, perfectly illustrating what "right track, wrong token" means.
With the total market cap of stablecoins hitting new highs and funds rushing crazily into stablecoin hedging, how does "XPL, the L1 designed specifically for stablecoins," perform?
-10.91%, current price 0.072, down 95.7% from the ATH of $1.69.
First, let's lay out its luxurious background:
🔹 Stablecoin public chain supported by Bitfinex, featuring zero-fee USDT transfers at the protocol layer, publicly endorsed by Tether CEO Paolo Ardoino 
🔹 Public sale in July 2025, with a quota of 50 million attracting 373 million in subscriptions, oversubscribed 7 times 
🔹 TVL broke $5 billion on launch day, Binance finance cooperation event quota of $1 billion snapped up instantly 
Top-tier track, top-tier resources, top-tier narrative — then it dropped 96% in a year.
📌 My judgment: the reason is just one word, unlocking.
Look at the change in circulation rate: only 22.44% in April 2026, when crypto media warned "circulation only accounts for 22.44%, facing huge unlocking selling pressure in the future" . Third-party analysis warned: a cliff-like unlocking in October 2026, circulation surging from about 2.8 billion to over 4.5 billion .
Now at the end of October, circulation is 4.76B — the warning was precisely fulfilled.
Here’s an even more painful anchor: the public sale entry price was $0.05 . Current price 0.072 means after more than a year of turmoil, the price is only 45% higher than the public sale cost — everyone who chased the high is standing at the peak.
This series is now at the fifth article, and the conclusion can be sealed:
The fundamental color of a coin is 70% written in the supply schedule. No matter how good the track, how strong the backers, how sexy the narrative, if there are hundreds of millions of low-cost chips hanging on the unlocking schedule, no one can catch them.
What is the circulation rate of the coins you hold? If it’s over 50%, go check the unlocking timetable once.Next week, the U.S. midterm elections, nonfarm payroll data, and tech giant earnings reports will be the three core variables driving market sentiment.
① U.S. Midterm Elections (November 3)
The election results will change the composition of congressional seats, directly affecting the scope for subsequent fiscal, tax, and industrial policies. For the crypto market, the key focus is whether the election results alter market expectations for crypto regulation, thereby influencing overall risk appetite volatility.
② October Nonfarm Payroll Data
This is the most critical macro indicator next week. September's nonfarm payroll increase was only 29,000, and market expectations for October data have been somewhat revised upward. If employment data exceeds expectations, it will confirm labor market resilience and suppress market rate cut expectations; if the data weakens, it will revive easing expectations. Besides new employment, unemployment rate and wage growth also need close attention.
③ Earnings Reports from Tech Giants like Apple and AMD
Currently, the market no longer focuses solely on the scale of capital investment in AI but pays more attention to whether the investment can translate into actual revenue and profit. Positive earnings reports will support the Nasdaq and risk appetite; if capital expenditures continue to increase but profits fall short of expectations, tech stock valuations will come under pressure, which will also indirectly affect BTC's market. $BTC $ETH
#美股与金银同步大跌，避险资金流向分化 Top 20 minutes after Binance BTC withdrawal resumed for $BTC:
3455 BTC flowed out, sent to 1892 addresses. 72% of the addresses received less than 0.1 BTC, with a median of only 0.011 BTC, showing retail investors are really rushing. But the largest 7 transactions were each over 100 BTC, together accounting for more than half.
Where did the big holders withdraw to? Among 53 addresses with more than 5 BTC:
About 30% went directly to Kraken, consolidated within minutes; nearly half went to highly active high-frequency addresses, looking like institutions or OTC; only about 14% seemed to be their own cold wallets, and some even withdrew 51 BTC, routing through two new addresses before depositing back to Binance.
People keep shouting that big holders are moving to self-custody, but damn, hardly any actually do; most just move their funds elsewhere. $BTCLooking at them one by one in the evening, BTC touched 78000, others didn't follow
$BTC 78007, up about 300 from this morning, just touched the 78000 integer level. But there's resistance at 78397 with 5.5 million, and 2190 million hanging at 79567, the 80k line hasn't been broken. Bulls average 21.7x leverage, with 12% of longs within 5% close to liquidation, slightly more than this morning. Touching the integer level feels more like testing the market rather than a breakout.
$ETH 2268, while BTC moves up, it doesn't follow and stays put. Resistance at 2279 with 0.5% gain, and 10.2 million shorts hanging at 2342. Net position +0.042, the most bullish among the three, but despite being bullish it can't push higher. This kind of market is the most frustrating, with existing positions lingering and no one willing to lift it.
$SOL 95.37, the weakest, barely moved. Net position -0.043, the most bearish, with 5.7 million resistance at the 100 integer level, not even touching 97. When BTC rises, it doesn't follow; when BTC turns back, SOL often slips down first.
One is inching up, two are lying flat. This kind of unsynchronized rebound, I don't think it can go far. Keep holding shorts, don't be fooled by a small bullish candle at an integer level.
#美联储官员释放加息信号，12月预期仍存分歧 FBI confirms North Korea-led Binance hack with over $6 billion stolen, elevating the exchange security incident to a state-level cyberattack.
Binance has resumed withdrawals of assets like USDC on Ethereum and BSC networks, and announced a phased withdrawal resumption schedule from 14:00 to 17:00 on November 1, while updating the reserve proof address list.
Bearish on BNB: This is not about the money returning, but a phase of trust rebuilding. User assets continue to flow out after hackers dumped over 130 altcoins and extracted about $279 million in ETH and USDC; market depth and platform sentiment are unlikely to recover immediately in the short term. The impact on mainstream assets like BTC and ETH is limited; this resembles a structural shift of funds from a centralized exchange to self-custody wallets and other platforms, which may actually increase the share of on-chain DeFi funds.
Observation 1: Whether net outflows narrow within 48 hours after withdrawal resumption. Observation 2: Whether the spot market depth thins and spreads widen.
For BNB holders, should funds guard against a secondary sentiment decline, or wait for outflows to slow and compensation plans to be implemented before considering support?
Source: PANewsIs Brother 800 finally going to get better?
$BTC is currently up 240,000u with a cost price of 67700
$ETH is currently up 35,000u with a cost price of 2205
From an account of several million u to the current 500,000u, the account has shrunk by nearly 80%, currently losing 26 million
Losses are mainly concentrated in $SNDK and the semiconductor sector. SanDisk's earnings exceeded expectations but failed to replicate the sharp rise of Hynix. The fundamentals look fine but it might be that the main force is quietly selling on the good news
There are still many uncertainties at present. It is recommended to stay out of the market and wait for the panic to subside, then enter again after the support level is stabilized. The market never lacks opportunities, it lacks patience. Don't wait until the bull market comes and you have no bullets left #OKX、ICE与Trade.xyz联手，推动永续合约进入美国合规市场 Supply cut by a quarter, yet it still dropped 24.3% in 24h.
Putting these numbers together is a bit painful. The Lisk official FAQ states clearly: after the DAO proposal passed, 100 million LSK were burned, reducing the total supply to 300 million. According to the usual script, this should be positive news. But on OKX spot, LSK slid from the 24h high of 0.31871 all the way down to 0.22, with the current price right at the 24h low, and a trading volume of about 5.46 million USDT. 😐
I flipped through the official page several times before I could grasp the meaning: the market cares not about "how many coins are gone," but rather "what is left of this thing." The original Lisk Chain was shut down, Lisk DAO terminated accordingly, and the team is fully focused on new products. With the chain gone, the burn feels more like a closing move, hard to be seen as fuel.
Looking at the same screen: BTC 24h +0.7%, ETH +1.0%, the overall market basically unchanged. So this 24.3% drop is largely unrelated to the market, it's LSK's own issue.
When narrative and price clash, money trusts the price, and that line dropping from 0.3187 to 0.22 has already told the story.
What do you think, is a burn done during a project's transformation and closing phase still a positive signal?
#波动雷达：币种异动观察 $LSK $BTC Which is safer, ERC20 or BRC20?
Binance lost 18,270 BTC in a hack, with a loss of $1.42 billion.
But the most counterintuitive part of this incident is that it actually exposed the core security differences between ERC20 and Ordinals.
One fears "code errors," the other fears "loss of recognition."
ORDI dropped 96%, does Ordinals still have hope?
What Binance lost was custody rights (a vulnerability), not ERC20, nor Ordinals.
But looking at these two protocols through this event, the conclusion#苹果新CEO迎来iPhone18首份成绩单
At 5 AM on November 3rd, Apple delivered its report!
According to Apple's past earnings reports, over the last one hundred fiscal quarters, Apple has exceeded expectations 70% of the time! Apple has beaten expectations for eleven consecutive quarters. The frequent outperformance is because Apple's management guidance tends to be conservative, and Wall Street analysts are used to lowering their expectations accordingly. Essentially, the market makers control the game, and whether Apple beats expectations is decided by them.
The current earnings season prediction of a 71% yes is also based on the results of previous earnings seasons. Personally, I believe that a 71% yes prediction is a no-brainer buy.At noon, I said this address openly dumped over 4.6 million dollars, with an unrealized profit of 21 million, definitely not retail investor behavior. Now three hours have passed, and the more I watch this short position, the more I feel there's a reason it dares to add.
Being able to add like this means they hold a card we don't have. What's the current status of the money on the Solana chain? Today, another 250 million USDC was minted on-chain. Sounds like fresh liquidity, but SOL's price hasn't moved up at all, almost flat in 24 hours, and down over 5 points in 7 days. Stablecoins are flowing in by the boatload, yet the coin price is grinding back and forth near the cost line. So is this liquidity coming in to work, or coming in to prepare for a dump?
I suspect the latter.
Looking at volume, it's shrunk to 20% of usual. This kind of shrinkage is especially deceptive; it looks like no one is playing, but actually neither side is willing to let go first. Shorts are waiting for a breakout point to find a reason, bulls are betting someone will catch it. $SOL BTC hourly has again fallen below 78,000, so I withdraw my earlier judgment on the evening breakout and will continue to observe. Tomorrow the focus shifts to macro: at 23:00 Beijing time on November 2, the US ISM Manufacturing PMI will be released; don't forget the time change due to daylight saving.
I will look at new orders and price subcomponents together, and will not treat weak data directly as bullish. After the release, I will verify the expectation gap, then reassess in combination with the dollar, US bonds, and BTC volume trends; if signals conflict, I will continue to wait.
#BTC冲高回落，市场轮动开始了吗？ $BTC The hottest topic in the on-chain community today is Binance's "capital outflow." The numbers being transferred are everywhere, each caption more alarming than the last. But He Yi's response poured cold water on it: the bot might have mistaken Binance's newly created hot wallet address as a capital outflow.
This mistake is very typical. On-chain tools judge "outflow" based on address balances and tags. When an exchange adds a new hot wallet and moves funds from a cold wallet, but the tags haven't been updated yet, the tool reads it as "a large sum of money leaving the exchange." The address is real, the transfer is real, only the conclusion is wrong.
The user who raised the doubt did not deny the outflow either. He recalculated based on the bot's data and estimated Binance's current net outflow to be less than 2 billion USD. This number, given Binance's scale, is a different matter from a "run." What really should be watched out for is tens of billions within a few hours, with withdrawals starting to queue, not a number that requires unit conversion.
He Yi's solution is very simple: cross-check with multiple tools. It sounds like nonsense, but on-chain data inherently has no single truth. The same address can have three different tags on different platforms; whether a transfer counts as an internal transfer or a net outflow depends on whether the tool knows who owns that address.
For holders, the more practical question is: are you looking at raw data, or data interpreted by others for you? Every time $BTC and $ETH plunge, screenshots of "early outflows" can be dug up afterward, but those screenshots at the time were often just a labeling error by the tool.Is $ZEC still sleeping?
$ZEC is holding steady around 1250 without dropping, and the bears all over the screen are desperately holding on.
The long-short ratio is extremely skewed, with 84% of people betting on it to fall.
Those huge whales are even worse off; they dumped 180 million U in short positions at an average price of 1256, and now they're all underwater.
The price just won't break down; the selling pressure below has basically dried up.
This kind of market is what the market makers love the most—above are all trapped short positions.
With so many bloodied chips laid out here, just a small upward trigger hitting a chain of stop losses could instantly wipe you out with a big bullish candle.
Continuing to short at this level is purely providing liquidity for the main force to push up.
I also hope it can rally a bit, just up to 1400, so everyone can break even!
#英特尔Q4指引不及预期，股价暴跌近30% $INJ should not be evaluated solely based on trading volume; it is necessary to break down natural trading, incentives, and leverage contributions. After a major security incident, trading platform volume may surge, but abnormal position transfers can create noise. If fees, active traders, and retention grow simultaneously, the demand quality is better; if volume is supported only by high leverage and short-term rewards, revenue will decline once volatility decreases.$BTC
AI companies are scrambling for power access resources, and old Bitcoin mining farms are also benefiting because they already have power supply conditions. I think this news is a bit exaggerated. Having power is indeed an advantage, but converting old mining farms into AI data centers involves costs for cooling, networking, and renovations. If we skip all these and directly talk about revaluing the mining farms, it sounds a bit unrealistic to me. How many sites can really take on this business?Just finished dinner, originally wanted to lie down and rest for a bit, but after looking at the contract data of these popular altcoins, it immediately energized me. These are like a chaotic dance of demons, with all the leverage maxed out!
First, look at Dogecoin $DOGE, current price 0.0758. Check out this 4-hour long-short ratio, it’s ridiculously high at 4.9! What does this mean? The entire market is full of bulls bottom-fishing, and bears are nowhere to be seen. With such an extreme one-sided tilt, unless the dog whales wash out these longs hard, there’s no way to pump the price. Don’t be a cannon fodder.
Next, $PEPE, current price 0.00000492, the long-short ratio at 2.1 looks okay, but look closely at the funding rate—it instantly dropped to negative 0.15%, indicating bulls are getting hammered hard. Earlier spikes fooled everyone, now it’s a tough spot with no easy way up or down.
The most interesting is $ZAMA, current price 0.0698, which stubbornly pumped over 7% against the trend today. But notice the long-short ratio, dropping from 1.6 down to 0.88. Price went up, but retail investors are frantically shorting at the top. Coupled with an extreme negative funding rate, all the shorts are paying fees. The main players’ V-shaped reversal probably isn’t over yet; they could pump again anytime to blow up these shorts.
Summary: Avoid crowded longs (like DOGE), but crowded shorts (like ZAMA) might trigger a short squeeze. Liquidity is thin over the weekend, so control your trades.
What do you think, can ZAMA blow up the shorts tonight? Anyone holding positions in these three coins?
#美联储官员释放加息信号，12月预期仍存分歧 The long-short ratio is 6.92, it doesn't mean the bulls have increased.
$SNDK still has about 10% room before the 1000 support level.
Some people already can't hold back.
How is this number calculated:
6.92 is the number of long positions divided by short positions.
The smoother the drop, the more bottom-fishers there are, and the higher this number gets. Conclusion first: Coinbase's net profit last quarter was $719 million, of which $715 million was unrealized gains from coin prices, leaving an adjusted net profit of only $78 million. On the same day, $BTC dropped 5.1%, and $COIN dropped 13.0%.
1. On 10-30 (the day after Binance disclosed a $6.3 billion theft), crypto stocks collectively plunged: CRCL -9%, MSTR -8%, IREN -10% (Yahoo/Cointelegraph 10-30).
2. Q3 net revenue was $1.16 billion, down 34% year-over-year; Strategy was even more extreme: net profit was $19.53 billion, of which BTC unrealized gains were $20.91 billion.
3. What you actually bought is a shadow: on 10-30, $COIN perpetual contract volume was $27.29 million, 4.3 times the previous day's $6.38 million; after the drop, the funding fee hit zero for three consecutive periods. With US stock markets closed over the weekend, only $435,000 was traded by 7 PM.
4. Cantor, TD Cowen, and Compass Point believe this was Binance's own security incident and recommend using COIN, HOOD, MSTR as proxies for the coin (CoinDesk 10-30).
If coin prices fall another 30%, what will Coinbase's profit statement look like? Will you choose the coin or its stock? $COIN Tether's buffer for the third quarter nearly doubled from the previous quarter: excess reserves rose from $4.1 billion at the end of June to $7.95 billion at the end of September, an increase of $3.85 billion.
Net operating profit for Q3 was $1.5 billion, flat compared to Q2, totaling $4.5 billion for the first nine months. As of September 30: total assets were $191.5 billion, total liabilities $183.5 billion, with issuance maintained around $184 billion. Reserves include direct and indirect U.S. Treasury bonds of $132.4 billion, physical gold of $19.1 billion, and directly held Bitcoin of $8.4 billion.
I think the stable profit but significant increase in the buffer mainly comes from the valuation recovery of the Bitcoin and gold portions, rather than earning more money that quarter. Whether the next quarterly report can maintain this buffer is more worth watching than the profit itself.
Would you consider the $7.95 billion buffer as the safety margin for USDT, or first look at the volatility of the $19.1 billion gold and $8.4 billion Bitcoin within it?
Follow me, when the quarterly reserve numbers come out, I'll help you compare the increase or decrease against this quarter's $7.95 billion.
$USDT No one noticed that the financing target was cut from 30 billion to 20 billion. This is not room for bargaining; it is a glaring deficit on the chessboard—you think your opponent is still calculating your rear, but in fact, he has already seen the crack in your wing.
The real players sitting at the chessboard never look at the ledger. A valuation of $1.25 trillion looks like strong forces and a well-aligned formation, but the rear wing's pawns haven't moved a step, and two rooks are still pinned on the baseline. To a grandmaster, this situation has only one name: bluffing, not advantage. Fewer participants reducing commitments is not withdrawing capital; it is actively exchanging pieces to buy time—in a disadvantageous position, the first thing is never to look for a killing move, but to convert your pieces into a structure that can hold a draw.
Look at the signals on the other side. The rating agency downgraded the credit outlook of the leading model from investment grade to BB speculative grade. On the chessboard, this means the pawn you originally thought could securely exchange pieces suddenly becomes a hanging pawn. Every step forward requires an extra toll; as financing costs rise, all calculations in the midgame must be redone: before, you dared to sacrifice a pawn to attack; now, before sacrificing, you must first calculate whether the endgame can hold.
Computing power expenditure is expanding; this is the pawn chain pushing forward. The problem lies exactly here—the farther the pawns push, the thinner the support in the rear. Starting the game by pushing the pawn chain into the opponent's half with great momentum is impressive, but once the opponent finds a fulcrum to counterattack, the entire chain will collapse in the middle. The capital market's moves are not panic but a correction in assessment: it begins to doubt whether these pawns can actually promote or are just a row of isolated pawns hanging in midair.
The linkage of $xQQQ is essentially a restraint. The piece being restrained looks the busiest but actually cannot move a step; the real battlefield is not on this line.
I have played too many such games. The most dangerous moment for the advantaged side is never when in check, but when they think they have already won. The watershed of shifting offense and defense is not in the price tick chart but whether the supply line can still connect—shrinking financing scale, downgraded credit rating, and rigidly rising expenditures appearing simultaneously on the same side is a structural problem, not volatility.
The board has reached this point; it is now the turn of the black side to move. Is it to reinforce the defense or admit that this game has been forced into an unfavorable endgame? The move made now will determine the position twenty moves later. #aifundingunderscrutiny#Palantir財報前瞻：高成長能否支撐高估值
I believe Palantir's earnings numbers this time will most likely exceed expectations.
The market expects revenue of about $2.18 billion and adjusted EPS of about $0.41. I expect revenue to be about $2.17 billion to $2.22 billion, and EPS about $0.42 to $0.44. The reason is that the company’s revenue grew 93% year-over-year last quarter, U.S. commercial revenue grew 149%, the total contract value of U.S. commercial contracts reached $2.132 billion, remaining transaction value exceeded $6.2 billion, and the AIP platform is indeed converting into real orders and revenue;
However, the company’s Q3 revenue guidance is only $2.16 billion to $2.164 billion, which is below market expectations, and Q2 revenue grew 19% quarter-over-quarter, while Q3 guidance corresponds to only about 12% quarter-over-quarter growth, indicating that revenue growth may start to decline from extremely high levels.
Regarding profits, Palantir’s adjusted operating margin reached 62% last quarter, free cash flow was about $1.2 billion, but there was also about $265 million in stock-based compensation expenses, so adjusted profit cannot be fully regarded as profit truly earned by shareholders.
Additionally, PLTR’s latest price is about $184.56, with the latest available TTM valuation at about 152 times P/E, 70 times price-to-sales, and free cash flow yield only about 0.8%, so the market will not be satisfied with just a single quarter beat but will look to see if the full-year revenue guidance can be significantly raised from $8.15 billion;1.23 million $ETH tokens are lined up waiting to be staked, while only a little over a thousand have exited. The market has been flat all day without dropping, and yesterday's high point has directly flipped to today's floor. The circulating supply on the market is really not enough for big players to manipulate.
#ETH
$ETH
👇The moment the regulatory concrete pump truck rolled onto the blueprint, Hyperliquid's prefabricated pile was truly driven into the bearing layer of the U.S. market. Don't just focus on that 13% intraday surge; that's stress release, not an emotional bubble—after structural acceptance, the building always bounces a bit.
Let me first break down the structure of this building for you. ICE is building two independent systems: one for matching, one for clearing. In construction, this is called a dual-core tube, which doubles lateral stiffness, but the cost is that the corridor between the two tubes must be precisely aligned; if the error exceeds two centimeters, the entire floor slab must be reworked. The exclusive operating rights belong to the general contractor, while the retail side is handled by a joint venture company—that's the podium commercial area, the pedestrian entrance, responsible for guiding street-level walk-ins into the atrium. Three-layer structure, clear division of responsibilities; this is a proper detailed design, not a sales rendering.
Where are the real load-bearing walls? In the technical base. Hyperliquid is a prefabricated assembled frame; its advantage is fast hoisting and large spans, but the downside is that all joints rely on welds. The main structure is outsourced to an external frame, which is not uncommon in supertall buildings, but every connection node's flaw detection report must be individually signed. The clearing system is a shear wall; it cannot have post-cast strips or cold joints. If the pouring sequence is wrong, later reinforcement is only a temporary fix. That 13% increase essentially reflects the market recalculating the structural verification—the land originally approved as "unbuildable" suddenly received planning permission, the floor area ratio was reassessed, and the floor price naturally recalculated.
But I have to pour cold water on this. Before approval is granted, everything is just a detailed design. The construction permit is the only foundation inspection record for this building; without it, no matter how deep the piles are driven, they are just test piles. Also, running two systems in parallel has a common problem: if the elevation systems of the two sets of drawings are not unified, conflicts will inevitably arise during the MEP integration phase, and changing one part will affect the whole. The retail entrance is under the joint venture company, which is a post-cast commercial podium structurally separated from the main tower; their settlement rates differ, and if the expansion joint is too narrow, cracking risks arise.
HYPE moving up against the market trend indicates that capital is entering early based on the expectation of "structural topping out." But you must understand, topping out does not equal delivery, and delivery does not equal full occupancy. What truly determines whether this building can stand for thirty years is not the skyline on the planning map, but the width of the waterproof membrane overlaps in the basement and the spacing of the rebar cover blocks.
The more beautiful the blueprint, the more you need to watch closely who tied those rebars inside the load-bearing walls. #okxicetradexyzperps$LSK LSK dropped 17% yet triggered a 350% surge in trading volume, unloading without any restraint.
Binance tagged it for observation; the original chain shut down assets overdue and directly wiped them to zero, swapping for loyalty points that have no foundation, completely treating holders like chumps to be slaughtered.
Even worse, multisig addresses stealthily lifted restrictions, dumping 40% of the tokens into the pool and cashing out to leave. Even the project team is draining liquidity and fleeing; the buy side is already gone, and what's left is all selling pressure.
#LSK
$LSK
👇The setup is almost too neat: markets have already priced a decisive Democratic sweep at roughly 70%, and that consensus is now the risk. Positioning, not probability, is what matters when a binary event is this widely anticipated. The asymmetry cuts both ways. If Democrats do take both chambers, the outcome confirms what investors have spent weeks buying, inviting the classic sell-the-news unwind. Tech and memory-linked names would be first in line for a sharp spike and reversal as capital book$BTC hovered around 78,000 throughout the entire weekend, and this kind of quiet actually makes me a bit uneasy.
Let's look at the numbers first: BTC is now around $78,000, with less than 1% increase in 24 hours; ETH is around 2,270, slightly stronger than BTC. The US spot BTC ETF saw a net inflow of about $440 million in the first four days of this week, but on Friday alone, there was an outflow of $643 million, turning the whole week into a net outflow of about $200 million. The ETH ETF has had outflows for five consecutive days.
My judgment: The small rebound over the weekend was on low volume, more like a pause in selling pressure rather than a return of buying.
Two key levels:
The upper one is 80,000; on 10/29 the close was still 80,991, so after the drop this has become resistance;
The lower one is the short-term holder cost price given by CryptoQuant, roughly 75,900. If the weekly candle closes below this, short-term funds are overall at a loss, and there might be another wave of stop-loss selling.
My approach is to hold spot without leverage and not chase until it stands back above 80,000. Compared to the weekend's candlestick, where ETF funds move after the US stock market opens on Monday is more valuable for reference.
Do you think if this weekly candle closes above 78,000, it counts as stabilizing?Black Swan 🦢 sudden attack 📉, the original market 📈 logic was directly disrupted.
$BTC 77000, 🔴 Binance's 6.3 billion theft triggered selling pressure, causing Bitcoin to drop from 81500 to 76300, with 1.5 billion leveraged long positions liquidated. I watched 77000 all day, with bottom fishing and cutting losses funds tugging back and forth. This level is not exactly the bottom, but some funds are testing support, suitable only for small positions to try slowly.
$OKB 111, falling from 113.69, down for three consecutive days. ⚠️
OKX teamed up with ICE to promote compliance of perpetual contracts, a positive development that continues to ferment, but the market is not buying it. The platform token originally had its own rhythm, but this time it was still dragged down by the Black Swan.
$WLD 0.42, World App users continue to grow, but the coin price has not risen accordingly. It is one of the few tokens with real users, but biological privacy risks remain unresolved, regulatory attitudes are unclear, and uncertainty persists.
$RE 0.37, the insurance protocol on the Re blockchain offers automatic compensation; at 0.375, the compensation fund pool is expanding. The Binance hack actually reminds everyone of the importance of on-chain insurance, but the market cap is too small to have much reaction.
$BICO 0.016, falling from 0.01739, giving back nearly 10% gains from the previous wave. The sector logic is sound, but it lacks blockbuster applications to support it. It fell behind first when the market dropped sharply; no rush to bottom fish to avoid pitfalls.
#美联储官员释放加息信号，12月预期仍存分歧 I really have to hand it to you guys. SanDisk's Q1 revenue hit 11 billion, a year-on-year increase of 378%, with a gross margin of 85%. Data center revenue soared 17 times, and the NBM long-term order pipeline extends beyond 2030. The management said customers generally underestimate the NAND capacity needed for AI infrastructure. Meanwhile, Kioxia hinted that the price increase rate dropped from 70% to 25%, and its stock price was hammered down 8 points pre-market, falling 16% from Wednesday's high. Is this what you call fundamentals deteriorating? Prices are still rising, just not as crazily as last quarter, yet the market treats a company holding orders through 2030 like trash. SanDisk's next quarter guidance is a median revenue of 12.4 billion and EPS of 55 to 57, higher than market consensus, just not reaching Goldman Sachs' whisper target of 13.5 billion, and yet valuation is being cut. What a joke.
SK Hynix is even more absurd. Quarterly revenue surpassed 100 trillion KRW for the first time, operating margin at 80%, DRAM and HBM capacity effectively sold out through 2029, and customer purchase demand is more than twice current supply capacity. Fourteen core customers signed five-year long-term contracts. JPMorgan says HBM average prices will rise another 54% by 2027. Yet the stock dropped 7% this morning, with a PE ratio just over 5, while SanDisk is around 8.9. A product with demand twice supply and capacity sold out through 2029 is given a 5 PE by the market. If this isn't a mispricing, what is?
The reasons for the sell-off keep repeating: progress on Changxin's 4F² architecture, fear that the supply pattern will change by 2028; $BTC Election Expectations vs. Market Reality: A Major Volatility Risk for Tech Stocks! 📊 This situation is genuinely amusing! I was already targeting the $100 level while trading $SNDK , and now another unexpected wallet issue has entered the picture. 😹 Meanwhile, market expectations are heavily tilted toward the Democrats winning control of both chambers of Congress, with approximately 70% probability already reflected in current pricing. If the Democrats successfully sweep both chambers, the outA review of the DeFi lending sector's $AAVE and $MORPHO
Some time ago, due to governance disputes in AAVE, many large holders swapped AAVE for MORPHO or $SKY
Morpho currently has weak value capture. Although Apollo Global Management is buying and Coinbase resources are behind it, the protocol structure means much of the revenue is taken by the Curator, leaving little for the token itself.
Despite the turmoil, AAVE Labs demands a $50 million breakup fee, but in the future, 100% of protocol revenue will go to the DAO, making token value capture more complete.
The key going forward is the automatic token buyback.
Currently, V4 has launched smoothly and runs stably; the previous turmoil is likely over. However, if issues arise again, such as the previous attempt to forcefully push V4 while shutting down V3, then we wait for the token buyback to start. If this news never materializes, I will sell this token and will not invest in it during this bull market.
As for Morpho, I hold a small position and will not sell in the short term, but I do not plan to increase my holdings for now.
Regarding other SKY tokens, value capture is too weak, so I am not considering long-term holdings at this time. Vault income and staking distributions should be viewed separately. This detail reminds me of the familiar feeling from the previous cycle: when discussing how much the protocol has earned, it's easy to casually use that as a reason to hold the token. Now, whenever I see the word "income," I tend to pause first.
What’s different about this analysis is that it lays out the boundaries between fees, income, and distribution to token holders clearly, with corresponding standards for buybacks and burns. I think this kind of clarification is very important for DeFi valuation discussions, but it’s not exactly a market catalyst. In my understanding, if protocol income doesn’t have a mechanism to flow to token holders, then there’s still a missing bridge between business activity and token benefits.
In the context of the cycle, I prefer to see this as bookkeeping for the narrative rather than the start of a new story. Moving forward, I will focus on whether the distribution mechanism can be sustained, and I won’t rush to equate the protocol’s report card with the token holders’ report card.Binance's $6.3 billion hack only caused a normal bearish candle, but ZEC shorts were completely wiped out. Does this market still make any sense?
I'm short. Binance lost $6.3 billion, a historically significant black swan event. BTC dropped to a low of 76,300, but within hours it bounced back above 77,000. The funding rate remained at +0.01%, with longs even paying to hold their positions. What kind of waterfall is this? Not even a decent dip was created.
ETH leaves me speechless. It held at 2200, RSI at 29.78 oversold. Shorts expected acceleration, but the funding rate turned negative, and shorts started paying. If it can't be pushed down, it just can't.
The worst hit is ZEC. In 24 hours, 20.51 million worth of shorts were liquidated, accounting for 68%. Retail accounts' long-short ratio is 0.41, desperately shorting, but the price stubbornly held at 1,267. The ceiling for this month is 1,319. This is not a bearish drop; it's a short squeeze.
My short position is still open, but I admit one thing: if a black swan can't trigger a massive waterfall, I won't hold if ZEC breaks above 1,319 with volume.There is a very awkward piece of data on-chain today: a certain address holds a position worth $408,000, with unrealized profit of $396,000, a return rate of 97.21%.
The awkward part is that its leverage is only 1x. Shorting 6 million $BULLA tokens with 1x leverage, it earned nearly the entire principal.
Breaking down the numbers makes it clear: 1x short means the return rate basically equals the asset's price drop. A 97.21% return means the coin's price has dropped over 90% since entry. It's not that the timing was very precise, but the coin itself crashed first, and this trader just stood on the crashing side.
This trade is listed on Aster DEX, fully public and verifiable on-chain. This means shorting on-chain requires no borrowing and is not very dependent on liquidity depth; as long as someone takes the other side, the trade can open. On the other hand: by the time this data is presented to you, the price movement has long finished, and what you see is only someone else's settlement.
Compared to the old stories of high leverage—10x, 20x shorts—where a wrong direction means instant liquidation, and winning is often luck. A 1x short earning 97% shows that profits always come from direction, not leverage; leverage only determines how fast you die.
What’s worth pondering is: at this $408,000 position, who is the counterparty, and why are they willing to take the other side? The 6.3 billion yuan Binance hacker incident is still unfolding, and today the FBI directly called on DeFi platforms to block transactions from hacker addresses.
Cross-chain bridges were originally the main channel for hackers to launder money, but now the authorities have directly blocked the entry points, forcing a crack in DeFi's "no checkpoints" reputation.
$BNB stands at the center of the incident, while $BTC is just following the market trend, with the emotional impact clearly divided.
On the other side, the US spot ETH ETF has seen net outflows for 23 consecutive trading days, setting the longest record since its launch, as traditional funds withdraw.
On the A-share side, funds are pulling out from high-level tech hardware, with banks, food and beverage, and coal taking the lead instead. AI computing power is still alive, but the focus has shifted from PCBs to chips and robots, with the story being told by different players.
The US stock market is even more direct: Intel crashed 28% in one day, the Philadelphia Semiconductor Index plunged 7%, and finally someone is demanding to see the bill for AI's money burn.
The money hasn't disappeared; it's just reshuffling seats in panic, with some stepping out of the story and others diving into cash flow. ZEC at 1243 USD, are you planning to sell on the upgrade day?
NU7 upgrade activates in 4 days, block time cuts from 75 seconds to 25 seconds, Grayscale funds are quietly flowing in—but the price dropped from 1400 to 1243, still slowly declining over 24 hours. While everyone is shouting "the price will pump before the upgrade," seasoned traders smell a familiar scent: buy the expectation, sell the fact.
First, look at the surface: good news is clear, but the price fell first.
From the recent high of 1300-1400, it pulled back to 1243, down 1.5%-2.5% in 24 hours, but still up 5%-7% over 7 days. The candlesticks tell you: 1200-1300 is a consolidation range, the daily bullish structure remains, but RSI has digested to neutral, momentum is clearly insufficient. In plain language: what should have risen already has, now it’s waiting for an "excuse to cash out."
First thing: Is the NU7 upgrade a positive or "good news fully priced in"?
Around November 5, the NU7 mainnet activates. Three things: block time shortens from 75 seconds to 25 seconds, 60% of transaction fees go into network reserves, v4 transactions become invalid.
Sounds hardcore, right? But you need to think about one thing—
This rally from the bottom is a bet on NU7. Now the price is 1243, market cap 21 billion, top 10 ranking. Expectations are fully priced in.
Historical pattern? Every major ZEC upgrade sees a pump before, a dump on the day, and adoption afterward. If you plan to "sell on the upgrade day," congratulations, you will most likely be standing on someone else’s profit-taking.
Those who buy before the upgrade profit from the story; those who sell on the upgrade day profit from your money.
Second thing: Grayscale is entering, but you need to see what exactly they are buying.
Grayscale’s ZEC-related products have had net inflows recently, that’s a fact. Institutional channels are indeed providing extra demand for ZEC.
But don’t forget—privacy coins are always a double-edged sword in regulators’ eyes. Grayscale can enter today, but a regulatory announcement tomorrow can instantly drain liquidity.
Look at derivatives data: Binance perpetual funding rates are neutral to slightly negative, shorts pay longs, open interest changes are not drastic. What does this mean? Leverage is not crowded, but also big money isn’t aggressively adding longs. A real main upward wave wouldn’t have such quiet funding rates.
Third thing: Technicals tell you bulls and bears are increasingly divided.
1200-1180 is the recent low and psychological support, 1300-1370 is a repeatedly resisted zone.
Now the price is 1243, stuck in the middle, neither up nor down. Daily moving averages still support from above, but 4H is oscillating and consolidating. Volume is normal, no panic, no FOMO.
This pattern means volatility will definitely rise before the upgrade—but the direction is uncertain.
Think about it: if the main force really wanted to pump, would they give you a 1243 entry opportunity 4 days before the upgrade? Or is 1243 just left for those "betting on the upgrade" to catch?
Bull vs. bear showdown, you decide:
On one side:
NU7 upgrade activates November 5, event-driven is clear
Block time 25 seconds + fee reserve mechanism, long-term narrative bonus
Grayscale and other institutional products have net inflows
7-day gains 5%-7%, pullbacks have support
Just turned 10 years old, privacy narrative has emotional foundation
On the other side:
Upgrade expectations fully priced in, typical "sell the fact" window
24-hour weakness, momentum digesting
Privacy coin regulation could bring black swan anytime
Funding rates slightly negative, big money not aggressively adding longs
1300-1400 repeatedly resisted, dense overhead supply
Key levels
Resistance above: 1300 → 1370-1400 (multiple resistance zones)
Support below: 1200-1180 (breakdown targets 1100-1050)
Trading strategy
Short-term traders (around upgrade window):
Don’t chase longs at 1243. Aggressive traders wait for a pullback to 1200-1220 to lightly buy, stop loss below 1180, target 1280-1320. De-leverage on upgrade day to guard against "good news sell-off" or technical glitches. If 1180 breaks effectively, wait or lightly short towards 1100.
Swing traders:
Those already in, take partial profits before upgrade, don’t be greedy for the last bit. Those not in, wait for clear direction after upgrade—buy on a firm break above 1300 with volume, or wait for stabilization if it breaks below 1200.
Long-term believers:
Privacy narrative is solid long-term, but 1243 is already a big rise from the bottom, so cost-effectiveness needs recalculation. Dollar-cost averaging is fine, but don’t heavy buy now. Wait for post-upgrade pullbacks, much more comfortable than chasing highs now.
ZEC now looks like the "standard script" before every major upgrade—
99% shout "this time is different" before the upgrade, but on upgrade day realize: the story is over, not enough buyers to take over.
You’re not betting on NU7’s technology, you’re betting on who runs last.
$BTC $ETH $ZEC Bitcoin's RSI has been above 50 for three consecutive months. Is a new bull market really coming?
#US stocks and gold & silver fall sharply together, safe-haven funds diverge
PlanB said that Bitcoin's monthly RSI has stayed above 50 for three months in a row, signaling the start of a new bull market.
RSI is the Relative Strength Index, which measures the speed and strength of price changes.
50 is the dividing line between bullish and bearish; staying above it means buyers have been stronger than sellers recently, indicating medium-term bullish momentum.
PlanB became famous for the S2F model, which captured early cycles fairly well but has often overestimated in recent years. For example, he previously predicted RSI would surge above 80, monthly gains of 40%, even reaching $400,000, but the actual results were quite far off, showing significant model deviation.
Currently, $BTC is hovering around 78,000, with the daily RSI only about 36, and the fear index still in the fear zone. The price hasn't truly stabilized above the 50-week moving average and August's closing price, showing some divergence between indicators and price. Plus, with Binance just recovering from its incident and macro conditions still tough, the overall market is still in a bottoming phase.
My view is that the monthly RSI staying above 50 is indeed a good signal, suggesting the worst may be behind us, but it's far from a "formal bull market start"—more like a weak recovery.
However, at the current price level, the margin of safety is acceptable, suitable for gradually building long positions in batches rather than going all in at once. The real big move will need confirmation from a volume breakout past key levels.Today my friend treated me to a meal! I saw his $SNDK long positions filling the screen! I'm really stunned!
I plan to help my friend! Publicly setting up long positions in SanDisk!
SanDisk's current price is 1172, and I plan to place long orders at 1028. This level is not a random guess; it's a true deep-water zone catching blood-stained chips.
There are three reasons.
First, the technical side is severely oversold. From the previous high to the current 1172, the drop has been huge. If it continues to fall to 1028, it will land right on the strong defense zone at the 1000 round number. The 1028 level is an absolute dense area of previous chips and the extreme point where panic selling is most likely to concentrate and explode. Taking long positions here has minimal defense space; as long as the stop loss is set below 980, the risk-reward ratio is very favorable.
Second, the fundamentals are oversold. The recent plunge in the storage sector is mainly due to industry competition fears triggered by ChangXin Technology's DRAM breakthrough, combined with earnings guidance falling short of expectations, causing indiscriminate valuation cuts. But SanDisk's main NAND flash memory and AI data center demand remain strong, and long-term supply agreements lock in capacity for the coming years. The fundamentals are solid; dropping near 1000 is purely squeezing out emotional excess.
Third, short covering from the capital side. The short sellers who pushed the price down have already made substantial profits. Once the price hits the deep-water zone at 1028, profit-taking shorts will rush to cover. This short covering buying will instantly create upward momentum. #闪迪高位波动，存储股估值分歧加剧 The key challenge $RENDER faces is whether GPU tasks have stable repurchase. The AI computing power boom has encountered valuation reappraisal in the stock market, and the market is beginning to differentiate between capital investment and revenue realization; decentralized rendering, if it has independent customers and utilization, can offer an alternative demand curve. If usage and settlement fees do not improve, the token price will still follow AI theme sentiment rather than network revenue.DANGEROUS TIME IN CRYPTO - U THINK RISK IS OVER
4 coins & 4 totally diff stories:
*BNB:* $6.3B hot wallet hack on Oct 30, $3B frozen. Frozen ≠ recovered. Compensation ≠ fixed. Rebound is easy, trust hard.
*AAVE:* Oct 31 risk team moves to restore rate curves. Real test isn't hype - can it survive a real liquidity shock?
*SOL:* Agave & Firedancer updates Oct 29. Tech keeps shipping, but does it keep users, fees & apps?
*ZEC:* NU7 live early Nov — block time 75s → 25s, but issuance NOT 3x. Mainly reviewing what happened last week and sharing some personal thoughts on the QQQ trend for next week. This serves as my own review and a way to clarify my thinking.
The reasons for the rise in the first half of last week were mainly twofold: 1. Anthropic proved that AI can be profitable, and its own revenue growth rate is very fast. 2. SK Hynix boosted confidence with its unbeatable profitability.
Thursday and Friday brought big changes. Google and Amazon, the two brothers hand in hand, missed expectations, and SanDisk and Kioxia indicated that future storage price increases will slow down. The market confidence that had just been established suddenly collapsed. QQQ fell sharply for consecutive days. Market sentiment was extremely panicked.
In such a big context, if there is no good news, I personally think next week will test the 200-day moving average, 678.
But everyone doesn’t need to be too pessimistic. Actually, the situation now is very similar to 2018, both in timing and the big picture. The subsequent path was a rebound followed by a decline.
Only this year, geopolitical instability will be somewhat greater, so the rebound might be weaker than in 2018.
Just a little personal thought, peace