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🔥Don't mistake this surge as a new rebound trend; it's essentially just a short squeeze!
This round of rally lacks incremental spot market funds to support it; the driving force comes from shorts being forcibly liquidated, making it a passive push. The liquidation data is crystal clear:
$BTC 24-hour short liquidations total 33.74 million, while long liquidations are only 6.7 million. The stampede escalates layer by layer: 25.99 million shorts wiped out in 12 hours, 17.3 million in 4 hours, and another 1.52 million within one hour—it's a chain reaction of stop-losses triggering each other, not active buying pressure setting prices.
$ETH follows the exact same script, with even larger liquidation volumes: 34.87 million shorts liquidated in 24 hours, while long losses are just collateral damage.
Meanwhile, $CORE experiences a mini double kill: first squeezing shorts to push prices up, then after the trend reverses, longs are quickly wiped out. This is the typical endgame pattern for this kind of market.
The key point is this: this price surge comes from position squeezes, not from long-term bullish confidence. Once the forced liquidation buying power is exhausted, the market instantly lacks support, and prices can quickly fall back.
The biggest question now: has this round of squeeze already cleared out all crowded short positions? If the shorts run out of ammo and subsequent liquidations shift to longs, then the momentum of this rebound will be completely spent.
Do you think the follow-up buying can keep up after this short squeeze?
$BTC $ETH $COREAt 00:40 AM, BTC at 77,636, I raised my long position stop loss from 75,200 to 76,400, with a position size of 80%. Public live trading day 118: started with 120,000, now at 174,000, max drawdown 9.6%, the 3 losing trades even have screenshots pinned at the top without deletion. Follow me, and every day you'll see position sizes, stop loss levels, and real profit and loss, nothing left out.
I'm not very optimistic about today's market move. BTC only rose 0.7% in 24h, with shrinking volume; ETH rose 1.5%, outperforming BTC, RUNE up 16.4% in a single day. This indicates that existing funds are moving from BTC to smaller altcoins, not new funds entering the market. In this kind of structural rotation, chasing highs is the easiest way to get trapped. I'd rather wait for a pullback confirmation at 76,400.
The real variable lies in macro factors. The pricing of October non-farm payrolls and interest rate cut paths will be re-evaluated these days, combined with the uncertainty of the US midterm elections. The direction can't be decided by candlesticks alone. My approach is clear: no spot trading, keep only 80% position in contracts, stop loss at 76,400; if it breaks, exit immediately, no emotional attachment to the market.
In this low-volume rotation, do you reduce your position to 30% waiting for the non-farm data, or keep your current position betting on the interest rate cut expectations continuing to ferment?
Follow me, daily public live trading positions and stop loss logic, losses are also honestly reported.
#OKXProphet Looking at Q4 with the 'Carving a Mark on the Boat to Find the Sword' approach: Probability is more reliable than myths
I am starting to lean bearish on BTC's performance in the fourth quarter. The method is old-school—like carving a mark on the boat to find the sword—but trading is fundamentally a probability game. Referring to the historical rhythm of the benchmark often works better than listening to stories.
No one can be certain it will definitely rise or fall, and even fewer know the extent of the rise or fall. What can be done is to judge which side has the higher probability. Before October 11 last year, BTC surged to 126,000, and the market was full of "eternal bull market" talk, saying that after institutions entered, bear markets and the four-year cycle disappeared. What happened? 126,000 dropped all the way to 57,800 in 2026; the cycle did not disappear, it just had a smaller decline than expected, which made people somewhat uncomfortable.
The essence of 'carving a mark on the boat to find the sword' is to increase the probability of correct judgment, not to guarantee being right every time. I have benefited a bit from this method and will continue to use it until it truly fails.
This is just a market observation and does not constitute trading advice. "On-chain buying is more honest than K-line (￣▽￣)ノ"
The most surreal thing these days isn't the loss numbers, but the hacker's way of spending money. The faster the issuer freezes, the more he tries to rush ahead. On-chain buying is like blind bulk buying; price doesn't enter the decision process at all. So $ETH becomes the passive bag holder: the on-chain average transaction price is over 2600, about 300 dollars more expensive than derivatives, which is like giving the whole network a premium red envelope (｡•̀ᴗ-)✧. Therefore, holding at 2300 may not be because bulls are strong, but because there's someone who doesn't watch the price present. My move is simple: don't add before holding above 2300, talk about previous highs only after holding steady.
$UNI is a live case study of slippage. Thin liquidity depth was torn open by a large order creating a gap of several hundred dollars; short-term funds will reprice DEX depth. I won't act while it consolidates with low volume above 7, will deal with it if it breaks below previous lows (・ω・)ノ.
For $HYPE, derivative prices have become the anchor, and depth has withstood the test. Now hovering around 84, still underwater for 30 days, I keep a base position and will add more if it dips below 80.
Conclusion: only get in when forced buying appears; cost is always much higher than preemptive judgment. The market is sometimes irrational, but on-chain footprints remain (￣▽￣)ゞ
#美国中期选举在即，哪些结果值得关注？ Can't figure it out: Why is Wall Street so nervous about "perpetuals"?
As soon as the US stock individual perpetuals got approved, the Chicago Board Options Exchange and Castle Securities teamed up with the Healthy Markets Association to sue the CFTC in the Southern District Court of New York, demanding the approval be revoked. Their argument is that this thing is essentially a securities-type swap.
To put it plainly: you packaged a security as a derivative with no expiration date, yet you let it operate under derivative rules.
Options expire and settle, so the risk has boundaries. Perpetuals have no such day; positions keep rolling, leverage keeps rolling. Veteran players see this as a car with no brakes.
But this gameplay has been running on $BTC for years without lawsuits. Once it hits US stocks, the lawsuits come immediately.Those who manage exchanges are suing those who manage regulation. This scene is uncommon.
The Chicago Board Options Exchange, Castle Securities, and the Health Market Association, three members of the Capital Markets Alliance, have sued the U.S. Commodity Futures Trading Commission in the Southern District Federal Court of New York, demanding the revocation of its approval of U.S. stock single-name perpetual derivatives and requesting a suspension of the approval's effect during the litigation.
This is not an industry spat. The plaintiffs are vested interests in traditional market making and on-exchange options, while the defendant is the regulatory agency, disputing the classification of a product.
The dispute centers on classification. The alliance believes that U.S. stock single-name perpetuals should be classified as securities swaps, governed by securities regulations rather than commodity derivatives rules. The same approval, with a different classification, changes regulatory jurisdiction, disclosure obligations, and investor thresholds. Therefore, they not only demand revocation but also want the court to freeze the approval first.
The direct impact on $BTC and $ETH is limited, but the effect on the "perpetual" structure is significant. Perpetuals are the core invention of the crypto market, with funding rates, no expiration dates, and leverage rollovers all built on this structure. It has long been misclassified, and now traditional finance is pushing the issue to court, effectively conducting a boundary test for everyone.
Short-term sentiment follows the news, with assets like $HYPE linked to the perpetuals track showing more volatility; but regardless of the ruling, perpetuals will not disappear, only who regulates them and where they trade will change. Once the rules are established, they will not apply to only one market.The aftermath of the hacking incident is still ongoing, but what might truly be crushing the market is panic. BTC spot ETFs saw a net inflow over four days, which was almost wiped out within a single day, even resulting in about $200 million in losses. Bitcoin futures open interest dropped from $16 billion at the beginning of the month to $10.94 billion, a 35% decrease. Among the top 1000 Hyperliquid accounts, $BTC long nominal positions are $480 million, shorts $950 million, with shorts nearly double the longs, indicating a clearly bearish game.
According to Glassnode, the average ETF purchase price is $81,000, DMR reports $83,000, and the real cost for active investors is $78,000. Regardless of which line is referenced, ETF holders are currently at an unrealized loss.
$ETH moving averages show a bearish alignment: 7-day at 2303, 20-day at 2377, 30-day at 2446, and 60-day at 2512, with resistance levels rising stepwise. However, whales have not placed one-sided bets; on Hyperliquid, ETH longs are $690 million and shorts $710 million, nearly an even split.
$ZEC requires caution: its structure has weakened for the first time, breaking below the closely linked 7-day and 60-day lines at 1278 today, with the 30-day line at 1235 as the last defense; RSI is 50.69, and its 30-day range position is 64.3%, still the second highest in the pool. #美国中期选举在即，哪些结果值得关注？ #苹果Q4营收超预期，下季度毛利率指引承压 #PalantirQ3营收增长96%，股价不涨反跌 #AMD Earnings Preview: Progress in Commercialization of HeliosAI System $NEAR Observation: The inflation cap is to be cut from 2.5% to 1.6%, but the reduction won't start until at least three months later
House of Stake's HSP-029 vote closes on November 2, with 99.96% support. The annual maximum issuance cap for NEAR will be reduced from 2.5% to 1.6% over 24 months, a 36% decrease.
According to the proposal's calculations, about 11.8 million fewer NEAR will be issued over two years, with daily issuance dropping from approximately 89,500 to 57,300, effectively reducing long-term selling pressure.
The issue is that it is not effective yet; before November 16 is the Security Council veto window. After approval, there will be about a 90-day grace period, and validators must upgrade the protocol for it to take effect.
Price hasn't caught up yet; OKEx spot price is $3.819, down 1.34% in 24 hours, about 17.5% down in the past 7 days, with a trading volume of approximately $22.91 million.
Staking annual yield will also drop from about 5.27% to 3.37%. In the short term, the positive impact is too far off; first, we need to see if the November 16 veto window passes smoothly. $XRP 1 billion XRP unlocked this November. It was expected to crash the floor, but the market stubbornly stuck around 1.25 with no movement. Retail investors were scared and sold off overnight, while whales quietly moved their holdings into cold wallets. Looking at the on-chain distribution, whales holding over ten million tokens now control 68.5% of the supply, hitting a two-year high. To have absorbed so much supply at such a massive unlock point means there's very little freely circulating outside. Bears are still betting on a crash due to the unlock, but actually, with just a bit of buying pressure, the price could shoot up directly. The main players' efforts to absorb selling pressure can no longer be concealed.
#XRP
$XRP
👇#Скоро Circle report, can the growth of stablecoins bring profit? $PUMP
meme didn't take off, only PUMP itself is rising.
DOGE +2.4, SHIB +1.9, BONK +2, WIF +1.8, PEPE +2.8, the whole sector is just grinding in place. PUMP 24h +9.9%, from 0.003877 touched 0.004335, now 0.004268, just holding near the high point.
This is not sector rotation, money is picking a single target alone.
Why? The position is only 25.57 million USD, fee rate +0.01%, bulls are paying but leverage hasn't stacked up. Spot at 2 o'clock was 107 million tokens, after the surge at 3 o'clock left 34.62 million tokens, pulse buying, not continuous buying.
I tend to think this is short-term money doing swing trading on the deepest liquidity old meme, not a new narrative.
You can follow, but don't treat it as a trend. This kind of solo runner fears the sector catching up the next day, once money splits, the ones pushing it up disappear.
#美国中期选举在即，哪些结果值得关注？ $ZEC
xZEC is now on Solana, with $15,000 collateral locked in the Hylo pool.
I've been watching this setup for a while: the pool is split in two, half pegged to 1 USD hyUSD, the other half xAsset takes all the volatility, running about 3x leverage with no liquidation price. xZEC currently has a collateral ratio of 167%, leverage 2.49x. This on-chain leverage channel just opened, no liquidity has flowed in yet.
The main market didn't wait. At 1 AM it touched 1228.28, at 2 AM 1229.43, both times pushed back to 1207.
Positions shrank from $152 million two hours ago to $149 million. The fee rate is still +0.01%, longs keep paying. 1H trading volumes: 12.69M, 6.44M, 6.02M, 4.29M, 6.11M, 4.19M — each bar thinner than the last.
NU7 block time will drop from 75 seconds to 25 seconds tomorrow, that’s a real change. But at this moment, with a double top, shrinking volume, and declining positions, I’m not chasing.
I’ll wait until it closes above 1229 to reconsider.
#美国中期选举在即，哪些结果值得关注？ #AAOI高速光模块放量，Q3财报能否超预期？
The probability of revenue exceeding consensus is somewhat positive, but the threshold for EPS surpassing expectations is not lower than that for revenue. If a true "beat" occurs, it is unlikely to come from 800G itself (which is already fully priced in), but more likely from a faster shipment pace of 1.6T at the end of Q3 than the conservative "initial shipment" wording, or from CATV's profit margin contribution exceeding expectations. Conversely, the biggest downside risk is the simultaneous realization of 100G decline and 800G capacity constraints, causing revenue to barely hit the lower half of guidance and profits to be further squeezed by costs.Strong earnings report ≠ cheap valuation, don't fall into this trap😉 Forward P/E ratio is 27x, revenue up 19% year-over-year, Azure and RPO orders are also hot, but most of these good news are already priced in📈.
Maia 300's self-developed chip won't be widely deployed until 2027, so cost reduction benefits are still a "forecast item"🧠; the industry's off-balance-sheet capital expenditure commitments approach 3 trillion, whether AI revenue can catch up with huge investments is the next big challenge💸.
$594 is the market target price, only at this level will most optimism be realized🎯. Check your holdings and verify stop-profit and stop-loss; if the stock price stabilizes above $594, this valuation warning automatically becomes invalid⚠️. Don't let attractive numbers replace the margin of safety.$BEAT has fallen below the 0.10 threshold for the second time, while $HYPE's rebound is quietly losing volume support—these two signals combined are more alarming than looking at either one alone. In the past 24 hours, $BEAT dropped 5.8%, sliding from 0.10966 down to 0.09752. Although it briefly recovered to 0.10, it couldn't hold, then fell back again. This "passing the threshold but not entering" pattern precisely reveals the tug-of-war between short-term selling pressure and mid-term momentum. What the crowd truly underestimates is that the daily RSI14 still hangs at 64.3—above 50 means the prior upward momentum hasn't been completely destroyed by this sharp drop. In other words, the market interprets the breach of 0.10 as a trend end, but the indicator signals a "collision" rather than a "turning point." This is a classic narrative mismatch: price signals panic, momentum signals resilience. If $BEAT can reorganize a volume-backed counterattack above 0.0975 and hold above 0.10, that would confirm the bulls retaking control; conversely, if the rebound continues to shrink in volume, 0.10 will shift from support to resistance. Looking at $HYPE, at 86.29, down 1.9% in 24 hours, it climbed back above 86 from a low of 85.15, rising 0.8% within two hours, seemingly repairing. But volume simultaneously shrank by 23.5%, which is the key contradiction—the price moves, but the heat doesn't keep up. Resistance near 87 still looms overhead; this "rise without initiative" structure indicates buyers are passively absorbing at low levels rather thanMove's dual-chain "retention" test
$SUI and $APT both emphasize performance, but valuation cannot be judged by TPS alone. The highlight for SUI is its channels: on October 29, it advanced cooperation with Brazil's Mercado Bitcoin, covering SUI, stablecoins, and subsequent financial products. Accessible channels do not equal transaction volume, much less that every stablecoin transfer will boost SUI. Its total supply cap is 10 billion tokens, with fees, staking, and storage funds constituting token utility; next, attention should focus on real active Brazilian users, stablecoin transfers, and new circulating supply. Coverage is just the opening act; sustained usage is the main feature.
APT bets on trading experience: on October 12, the encrypted trading pool mainnet launched, offering optional anti-front-running protection, not enabled by default; a governance proposal was executed in early October. The direction is practical, but technical upgrades won't automatically drive migration. Key metrics are actual adoption rate, on-chain fees and burns, and whether applications can bring stable retention.
Both chains have performance stories and supply pressures. If choosing one, I slightly favor APT: anti-front-running is closer to high-frequency trading, and once the experience is adopted, repeated use is easier to observe; SUI has a larger channel space but a longer conversion chain. Ultimately, whoever can turn new features into daily repeated use deserves to talk about valuation premium. #美国中期选举在即，哪些结果值得关注？ #苹果Q4营收超预期，下季度毛利率指引承压 #PalantirQ3营收增长96%，股价不涨反跌 The key level holds, but funds have not arrived
BTC stabilizes above 78000, ETH returns to 2300
Superficial recovery, funds hesitate
A bunch of negative factors: hacker incidents, ETF outflows, cooling rate cut expectations
BTC resists the drop, falling less than 3%
The rebound relies on short covering, with long positions clustered between 78556–78836
No incremental buying, holding the key level does not mean buying has returned
ETH retakes 2300
ETF outflows continue for more than twenty days, BlackRock's ETHA single-day outflow reaches 138 million
2350–2370 is the heavy resistance zone
Midterm elections and non-farm payrolls are approaching
BTC options volatility at 43.5%
78000 and 2300 are the psychological defense lines for bulls and bears
Whoever breaks first loses chips
Direction unclear, do not chase rallies or sell-offs, patience is king
$BTC $ETH #美国中期选举在即，哪些结果值得关注？ #AAOI高速光模块放量，Q3财报能否超预期？
The probability of revenue exceeding consensus is somewhat positive, but the threshold for EPS surpassing expectations is not lower than that for revenue. If a true "beat" occurs, it is unlikely to come from 800G itself (which is already fully priced in), but more likely from a faster shipment pace of 1.6T at the end of Q3 than the conservative "initial shipment" wording, or from CATV's profit margin contribution exceeding expectations. Conversely, the biggest downside risk is the simultaneous realization of 100G decline and 800G capacity constraints, causing revenue to barely hit the lower half of guidance and profits to be further squeezed by costs.Some say that after the past few US midterm elections, $BTC has experienced varying degrees of decline, so this time of year is not suitable for leverage, and contract trading should not be entered into lightly.
This view seems to have historical basis, but I believe the biggest problem is focusing only on historical ups and downs while ignoring the current market structure.
Let's go back to November of 2014, 2018, and 2022 to see what the BTC trend was in those years.
📉 2014: A typical bear market
From the daily chart at that time, the 200-day moving average was continuously downward, and the price always stayed below the moving average, clearly suppressed overall.
More importantly, the descending trendline was never effectively broken.
At this time, the market itself was in a bear cycle, so price weakness was not surprising. Why must the decline be attributed to the midterm election?
📉 2018: The bear market trend still unchanged
Looking at 2018, the situation was very similar to 2014.
The 200-day moving average was downward, price was continuously suppressed, the descending trendline was never broken, and the market showed no clear bullish structure.
In such an environment, expecting a sustained rise lacks sufficient technical basis.
📉 2022: The market still in a weak cycle
Now look at 2022.
Where is the price? Where is the yearly moving average? Where is the descending trendline?
The overall market structure remains bearish, showing obvious similarities to the previous two years.
🔥 So, 2026 "Elections Are Not a Tourniquet"
With the midterm elections approaching, voices claiming "all bad news is priced in" have resurfaced. But ETF fund flow data reminds us: don't rush to bottom call. On November 2, the US spot Bitcoin ETF saw a net outflow of $398.6 million, IBIT had a single-day outflow of $405.3 million, while FBTC reversed with an inflow of $6.7 million; on October 30, there was an outflow of $643.2 million. The selling pressure is concentrated rather than a full retreat, and continuous bleeding cannot be lightly dismissed as "oversold." Key points to watch: whether ETFs can stop outflows, whether spot trading volume increases, and if there is active buying at previous lows.
On the same day, $ETH spot ETFs had a net outflow of $139.7 million, with ETHA outflowing $138.3 million. It is suppressed by risk appetite and also needs to address whether on-chain activity, fees, and staking demand can support its valuation. If funds continue to withdraw, no matter how good the technical narrative is, it will be hard to sustain the price.
Both are bleeding, but the logic differs: $BTC is seeing large funds turning back, while ETH still needs to prove its utility. After the election, BTC may stabilize first, but ETH could have greater elasticity; the sequence depends on fund flows turning positive first, not slogans sounding louder. #美国中期选举在即，哪些结果值得关注？ #苹果Q4营收超预期，下季度毛利率指引承压 #PalantirQ3营收增长96%，股价不涨反跌 Stop staring at the intraday chart trying to guess the bottom. Last night, the ETF fund statement flipped, and the scene was even more exciting than the candlestick chart.
$BTC had over 80 million withdrawn on the 30th, but quietly replenished 850,000 yesterday. The amount isn't large, but at least it shows some institutions are unwilling to continue cutting positions at this price level and have started small-scale probing.
$ETH suffered continuous outflows in the past two days, but finally saw a net inflow of over 14 million yesterday. However, this volume looks more like short-term traders shifting positions; big players like BlackRock remain inactive, so there's no sign of a trend reversal.
The funniest is $SOL, which had zero inflows and outflows yesterday. Institutions are too lazy to even pretend, basically leaving the market to retail investors to battle it out.
Summary: The current ETF data only indicates a pause in panic, with short-term funds circulating back and forth. Big capital hasn't truly entered the market yet. Without incremental support, rebounds are prone to being hollow rallies, so don't get carried away with every rise.
Institutions are still watching from the sidelines. Are you planning to reduce your positions on the rebound today, or hold firm? #苹果Q4营收超预期，下季度毛利率指引承压 Someone told me: historically, after every US midterm election, $BTC tends to decline, so it's best not to use leverage or easily trade contracts during this period.
It sounds reasonable, but I want to say: history can be a reference, but you can't directly apply past trends to the current market!
Let's look back at the positions of Bitcoin in November of 2014, 2018, and 2022.
📉 2014: Typical bear market structure
From the daily chart at that time, the 200-day moving average was continuously declining, BTC price was always suppressed by the moving average, and it never successfully broke through the key descending trendline.
This was clearly a bear market pattern—what direct relation does it have with the midterm election?
📉 2018: Bear market continued to deepen
The situation in 2018 was the same.
Prices kept weakening, the 200-day moving average was downward, the descending trendline continuously suppressed the market, and there was no clear bullish reversal signal in the entire market.
Under such market conditions, why expect a sudden sharp rise?
📉 2022: Still trapped in a bear market structure
Looking at 2022, where was the price? Where was the yearly moving average? Where was the descending trendline?
The overall trend was still weak, and the market structure had obvious similarities with the previous two years.
🔥 So, what’s different in 2026?
Here’s the key point!
The current BTC market structure can no longer be simply compared with those three previous years.
The price has already broken through the previous descending trendline and is about to$ETH Ethereum spot ETF has been bleeding for 23 consecutive days, setting the longest run-away record since its listing.
Institutional channels have completely dropped to freezing point.
Looking at the contracts, the long position ratio is still stubbornly holding at 77%.
The main players are offloading every day, while retail investors are catching flying knives below.
The spot buying has long been absent; the market is entirely supported by the stubborn sentiment of the bulls.
Since leverage is piled up so high, if the whales don't smash it down to trigger liquidations, they'd be wasting this fuel delivered right to their door.
#ETH
$ETH
👇In the past 3 midterm elections, $BTC has experienced adjustments of 20%-50%.
Additionally, Bitcoin did not bottom out before the midterm elections, but the situation is different now.
I believe there may be an adjustment starting from here, but it will not fall to a new cycle low.[Pharaoh's Market Watch]
Iran's Supreme Leader has authorized negotiations and even proposed a "two-day plan." Can the Strait of Hormuz really reopen faster this time?
Pharaoh directly says, the acceleration is real, but the "two days" is a condition Iran is offering the US, not a guarantee. Iran compressed the original "seven-day plan" into a "two-day plan": on the first day, the US must fulfill its commitments, and on the second day, the strait will reopen.Hot Coin Data Ranking｜Last 15 Minutes
$APR dropped sharply with increased volume and reduced positions, driven more by closing positions. Trading volume was 1.121 million USDT, 9.5 times the 15-minute average volume converted from the previous hour; price down 8.41%, open interest down 1.18%. The decline accompanied by position reduction looks more like positions are being withdrawn.#美国中期选举在即，哪些结果值得关注？
I see many people worrying about the midterm elections, so I'll explain clearly from three aspects!
Based on the midterm election situation:
Short term: post-election two weeks or immediate pullback. Historical data shows that BTC fell in the weeks following three midterm elections. Currently, the Democrats have a very high probability of taking the House, and the Senate may also flip, but this outcome is already fully priced in by the market. Meeting expectations could even trigger a "buy the rumor, sell the news" sell-off. Beware of short-term post-election pullback risks.
Mid term: policy implementation is a slow variable. Although the crypto industry has spent heavily trying to influence regulatory direction, the legislative process depends on internal Congressional negotiations, not just the President’s word. Even if "crypto-friendly" lawmakers increase, bills like the CLARITY Act will still take time to advance, so substantial benefits to BTC won’t materialize immediately after the election.
Long term: 2026 is a special cycle. In the past, BTC rose in the 12 months after midterms, but then prices were in a deep bear market zone 67%-73% below the peak; in 2026, BTC is only about 36% below the peak and already experienced a more than 50% pullback in June. This means the bottom formation in this cycle is significantly different from historical patterns, so simply applying the "post-election year rise" experience is unreliable.
In summary, the election itself is not a decisive variable for BTC’s trend. In the short term, guard against post-election sentiment fading; in the mid term, focus on actual progress of regulatory bills; in the long term, pricing still depends on liquidity and the halving cycle position. #BTC/USDT ANALYSIS
Bitcoin is rebounding from the support trendline of the descending broadening wedge pattern. Currently, it is trading below the 21MA which is acting as a resistance barrier.
A solid breakout of the 21MA will provide further upward rally. Here, we can also see a formation of double bottom pattern. Keep a close eye on these key levels for confirmation.Alarm sounding! Bullish lending is completely overcrowded, and unanimous bullishness is often a precursor to a shakeout
The latest borrowing data is glaring: BTC, ETH, and SOL bullish lending overwhelmingly crushes bearish lending, with market bullish sentiment highly aligned. An old rule in crypto: when everyone thinks alike and crowding maxes out, a wave of emotional sell-off can happen at any Today's capital flow data provides more information than the candlestick chart: BTC and ETH are simultaneously bleeding in both spot and futures markets, while SOL shows spot-side absorption, indicating a divergence in the structure of the three.
BTC｜Futures net outflow of $194 million, spot net outflow of $76.36 million. Withdrawal on both sides suggests funds remain defensive; the market rebound seems more like reshuffling of existing funds rather than a trend reversal.
ETH｜Futures net outflow of $95.69 million, spot net outflow of $114 million. Spot selling pressure is heavier than futures, indicating not just deleveraging but overall position reduction, making it the weakest structure among the three.
SOL｜Futures net outflow of $79.49 million, spot net inflow of $8.84 million. Leverage is retreating, spot is absorbing, showing the best relative strength; however, the inflow volume is limited, only a partial absorption, insufficient to confirm a strengthening trend.
Overall, deleveraging continues: SOL is relatively resilient, BTC and others see capital returning, ETH remains weak. At this point, chasing the rally is not cost-effective; focus first on whether spot outflows can narrow. $BTC $ETH $SOL $BTC is back at the 76,326 threshold.
The lowest today was 76,389, just 63 dollars short, no break.
I originally thought the answer was given last week.
On October 30, it hit 76,326 and bounced back, I wrote at the time "held the line."
But this is the second test.
October 30 low was 76,326, November 2 low was 76,705. Today 76,389.
Current price 77,281, down 0.98% in 24 hours.
The upper boundary has also been around the same area.
November 2 high was 78,878. November 1 was 78,422 $BTC
The Bitcoin four-year cycle perfectly coincides with the US midterm elections, which is quite a coincidence.
Every midterm election period marks the end of a bear market. This was the case in 2014, 2018, and 2022. After the midterm elections, there is another sharp drop, the market bottoms out, and the bull market begins.
The difference is that each bottoming time has been occurring earlier. The banquet is trending, but Meme coins are not buying it: DOGE leverage clusters, PEPE bulls begging for mercy
The Meme community was flooded with a banquet this week, but prices did not follow the rise. DOGE, TRUMP, and PEPE are all retail sentiment thermometers, but who can catch the crowd varies greatly.
First, look at $DOGE, current price 0.074, 4-hour long-short ratio as high as 5.23. Despite the drop, bulls are still holding on stubbornly, leverage stacked like a fortress. When the main force sees such chips, it’s hard to lightly push the price up without first sweeping a batch with a big bearish candle.
Next, look at $TRUMP, elections have a huge impact on it; once news comes, it’s unstoppable, and volatility is entirely driven by sentiment.
Finally, look at $PEPE, current price 0.0000047, funding rate crushed to -0.15%, bulls have been tormented to the point of paying to hold positions; the long-short ratio has fallen from a high in the morning session, indicating many can’t bear the losses and are cutting their positions. When panic selling emerges, there might be a short-term rebound, but the overall trend remains weak.
Until the main force is satisfied, any rebound looks more like a bull trap. Staying out of the market and watching is at least not losing.
#美国中期选举在即，哪些结果值得关注？ #PalantirQ3营收增长96%，股价不涨反跌 Don't be fooled by the 4.41% rebound in 24 hours — this is not a recovery phase with increased cardiac output, but a hyperperfusion illusion after ischemia: the vessels look red, but the myocardium is crying out for oxygen. $APT is currently at 0.63, with the price pushed to 120% of the Bollinger Bands' short cycle, 0.6% above the upper band, and 3.7% above the lower band, like an overestimated ejection fraction and maximally stretched ventricular wall tension in the compensatory end stage seen in ultrasound. The short-cycle RSI is 70.3, clearly overbought; the long-cycle RSI is 54.1, still neutral — this short-long divergence is not systemic failure but a localized sympathetic storm, indicating the surgical indication is "decompression" rather than "bypass."
The more critical lesion lies in the Bollinger Bands' mid-cycle: the price is at the 97th percentile, only 0.2% from the upper band and 5.2% from the lower band, indicating this upward push has pushed the afterload to a critical point, and any pullback could trigger rapid decompensation. The 4.41% volatility in 24 hours seems like stable vital signs but actually shows narrowing pulse pressure; chasing longs is like adding fluid to an already overloaded ventricle. My judgment is to wait for a pullback to 0.64, which is 2.0% above the current price, to confirm outflow tract resistance before implementing reverse decompression. The short position targets are two-tiered: the first target is 0.59, corresponding to -6.1%, the first drop point for short-cycle overbought correction; the second target is 0.60, corresponding to -4.9%, serving as an alternative hemostatic clamp. The stop loss must be set at 0.70, corresponding to +12.1%, which is the ventricular rupture defense line; once crossed, compensation has turned to decompensation, and immediate chest closure is required.
📉 Short:
Entry: 0.64 (current price +2.0%)
Take Profit 1: 0.59 (-6.1%)
Take Profit 2: 0.60 (-4.9%)
Stop Loss: 0.70 (+12.1%)
This tachycardic market is only suitable for short-window decompression, not for long-term bypass.$BTC Many people are still focused on ETFs, thinking that as long as funds enter the market, a rally will immediately follow. But the current problem is that inflows lack sustainability; much of it is arbitrage capital that cashes out as soon as prices rise a bit. Institutions are slowly buying on one side, while on the other side, huge whales sell during rebounds. The trapped positions above are heavily suppressed, and sell orders hit hard as soon as resistance levels are reached.
Bulls want to break upward but lack continuous incremental buying; bears want to break support, but there is also a batch of funds waiting to catch the fall. The tug-of-war causes the market to constantly sweep stop losses back and forth. Whether you chase longs or bottom-fish, it’s easy to get hit from both sides.
In short, this is a zero-sum game now. Outside money is unwilling to enter, so everyone is cutting each other within the range. Whenever the Nasdaq or U.S. Treasury bonds move slightly, fund preferences immediately shift, which is the root cause of ETF funds flowing in and out intermittently.
In this choppy market, the biggest taboo is betting on a one-sided breakout. Don’t guess when it will go up, and don’t casually take heavy short positions. Before a real breakout from the range occurs, any break on either side could be a false breakout. Be patient: either wait for ETFs to flow in continuously and steadily, with volume confirming a hold above resistance; or wait until support is completely broken and then follow the direction. Opening random positions now has too low a cost-performance ratio. $ETH $SOL
#BTC持续承压，资金与市场走势出现分歧 The opponent hands over the pawn right to my mouth, but I never eat it on the spot—I first figure out whether it's a bait or a trap. $ACH is currently presenting exactly this bait: a 2.12% rise in 24 hours, the short-term RSI has already touched 65.1, and the price has been pushed to 114% of the Bollinger Band's short-term range, standing 0.3% outside the upper band—the pawn has crossed the boundary line, but there are no supporting pieces behind it.
This is a lone pawn charge, not an offensive. The real situation assessment must look at the long-term cycle: RSI is 41.7, still stuck in the weak half; the Bollinger Band's mid-term cycle has only reached 72%, with the upper band still pressing down 1.3% overhead. The short-term strength is just a tactical counterattack in the long-term endgame; the initiative temporarily belongs to the bulls, but the control is not in their hands.
Therefore, the signal points to a counter move. I never make a move when the pieces are most excited, but wait for the opponent to make one more wasted move: enter the market by placing an order 1.8% above the current price, letting that charging pawn move one step further, exposing the gap behind it.
But the cost of this game must be calculated openly. The stop loss is at +11.2%, with two take-profit levels at -4.7% and -3.4%, the risk-reward ratio is about 1 to 0.4. This is not an advantageous position; this is a sacrifice defense: winning only wins a small margin, losing means losing half the game. The chess principle is straightforward—when the risk-reward ratio is not on your side, the only thing you can do is reduce the force invested. The same judgment, using a quarter of the position to bear the risk, is called thinking twenty moves ahead before making a move, rather than taking it step by step.
The first take-profit level is at -4.7%, which is the first step back from short-term overbought; if the opponent refuses to admit defeat and continues to press up, then retreat to the second take-profit level at -3.4%, securing half a step of initiative. The +11.2% stop loss is the bottom line; once breached, it means the long-term RSI 41.7 has flipped, the entire situation is reassessed, all pieces are withdrawn, no lingering in battle.
📉 Short:
Entry: 1.8% above current price
Take Profit 1: -4.7%
Take Profit 2: -3.4%
Stop Loss: +11.2%
In this game, I don't fight for momentum, only for the initiative in the half-step endgame.💰 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.The probability of the Democratic Party controlling both chambers is significantly higher—about 84%–95% for the House of Representatives and 64%–78% for the Senate.
But don’t just focus on "who wins" to trade US stocks. Historical data is quite interesting: in the year following midterm elections, the S&P 500 almost always posts positive returns, averaging +14.4%; however, from May to October in election years, it typically falls by an average of 2.6% with high volatility. Simply put, party affiliation itself is not the decisive factor for the direction of US stocks.
The baseline scenario for 2026 is Democratic control of both chambers, with a short-term impact on the S&P 500 ranging from -0.25% to +0.5%, which is minimal; a split Congress might yield about +0.5% to +1%; the probability of Republicans holding both chambers is low, but the short-term volatility could be the greatest.
By sector: Republican control of both chambers benefits energy, finance, defense, and semiconductor AI; Democratic control favors hospitals, insurance, and clean energy, but pharmaceutical companies, platforms, and oil & gas face pressure; a split Congress results in the weakest policy tailwinds, with the market returning to fundamentals.Stablecoin giant Circle is about to release its Q3 earnings report. The core market disagreement this time is just one: USDC's circulation scale and payment business are indeed growing, but can this really translate into solid profits?
From the current betting sentiment, the market expectation is quite optimistic, with as many as 68% of players believing the earnings will exceed expectations. But to really break down this earnings report, you need to focus on three key indicators:
First, look at reserve income. In the current high-interest environment, Circle is making a fortune from reserves in U.S. Treasury bonds, which is its lifeline.
Second, look at distribution costs. Especially the large channel fees paid to Coinbase, which directly determine whether profits can actually be realized.
Finally, look at the real expansion of the payment business. Stablecoins can't just stay within the trading circle; whether they can move toward real commercial payments determines their long-term valuation ceiling.
Currently, CRCL stock price is slightly down 0.11%, with funds cautious ahead of the earnings report. For this kind of crypto "water seller" earnings report, the odds of betting on direction are actually not high. It is recommended not to rush into positions; wait for the U.S. stock pre-market data to come out, see the quality of profits and the proportion of distribution costs clearly, then decide whether to go long with the trend or to wait and see. #IRENQ1AICloudDelivery Neocloud pricing is ridiculous right now, especially for $IREN. Market is pricing their minimum projected $4b ARR by year end 2026 around 3x EV/ARR, while their minimum projected $17b ARR by year end 2027 is around 0.8x EV/ARR.
What a gift to be able to buy $IREN at these prices, but not sure why so many investors are fearful right now. Maybe it stems from panic in seeing their investment portfolio move down aggressively. I’m certainly not concerned with my bet on $IREN $KMNO
I haven't mentioned this coin before. Kamino, a lending protocol on Solana, surged 16% overnight.
Opened at 0.0299, now at 0.0347, 24h high 0.035, hovering near the high.
The first thing I did was check the perpetual pool, $880,000. Only this much leverage is playing. 1H volume climbed from 38,000 contracts to 280,000, then dropped back to 87,000, all spot trades, contracts didn't keep up. The fee rate is still negative, -0.035%, shorts are paying longs.
I don't chase this kind of rise. It's not that I don't believe it will go up, but the pool is too shallow, trades easily push the price themselves. I'll wait until it really drops with a high-volume bearish candle before checking again.
#美国中期选举在即，哪些结果值得关注？ $BTC
77888, the highest point touched tonight, now 77518, a pullback of over three hundred dollars.
Citibank Wealth Management just released a report, pushing spot BTC and ETH ETFs to their own clients. The channel is really opening. At the same time, the US spot ETFs saw a net outflow of one billion dollars over two trading days.
New channel opens, old money withdraws. I've seen this combination before; usually the channel arrives first, money comes later, but this time the first to arrive are redemption orders.
The market depth is more straightforward. 1H volumes are 5972, 5238, 4208, 2858, 2045, 1732, each smaller than the last. Price ground down from 77656 to 77518, 77700 couldn't hold. The fee rate is still +0.01%, open interest is 2.57 billion, just over ten million less than two hours ago.
Volume shrinks, price sideways, selling pressure is not heavy, and there are no relays. I don't consider this a bottom, only acknowledge it is not falling right now. At this position, I stay empty-handed.
#美国中期选举在即，哪些结果值得关注？ #Circle财报在即，稳定币增长能否兑现收益？ The latest leveraged long data is out, but first, let's pour a bucket of cold water on the bros 🧊
BTC: 1,507.55 longs borrowed, 68.89 shorts borrowed, about 22 times long to short; ETH: 16,400 longs borrowed, 766.95 shorts borrowed, about 21 times; SOL: 129,900 longs borrowed, only 3,148 shorts borrowed, long to short ratio directly hitting 41 times 😮
Borrowing coins and leveraging longs essentially means retail traders have already spent all their bullets. Now the short size is only a fraction of the longs, indicating sentiment is almost one-sided. The question is: how much new buying power is left to take over? Once there's any disturbance, clustered long positions are prone to concentrated stop losses, which could trigger an emotional shakeout wave 🌊
After trading for so many years, I increasingly believe one thing: when everyone is bullish, don't follow the hype. When longs are crowded to the extreme, smooth upward movement becomes difficult, and the chance of a shakeout is higher ⚠️
Coincidentally, the non-farm payrolls come on November 6, and whether there will be a rate hike in December will be repriced. Sensitive nodes combined with high crowding mean short-term volatility is inevitable 📉📈
The strategy is simple: don't heavily chase longs when sentiment is most unanimous. Wait for the shakeout to finish and for chips to change hands. Staying alive is more important than grabbing that one bite 💪$BTC #加密行业协同守护资产安全 Enterprises continue to increase their BTC holdings, with the latest holdings surpassing 2 million coins; market liquidity continues to flow out, and sentiment is clearly divided.
Within the square, 28% are bullish, 28% bearish, and the rest neutral.
• Bullish views believe:
- Strategy increased its BTC holdings by 811 coins to 849,327 coins, with a cumulative holding cost of about $64.08 billion, demonstrating long-term confidence in BTC.
- Tether holds about 150,000 bitcoins, using up to 15% of its quarterly net profit since 2023 for continuous purchases; private companies' total bitcoin holdings have exceeded 200,000 coins.
- Global systemically important banks such as Citibank have launched institutional bitcoin custody services, marking an increased acceptance of digital assets by traditional financial institutions.
Bearish views believe:
- The US spot bitcoin ETF has seen net outflows for two consecutive days, with cumulative net outflows exceeding $400 million, indicating weak institutional demand.
- The total market value of stablecoins has declined for more than a month, with $6.9 billion outflow in the past month, reflecting a decrease in market risk appetite.
- The US dollar is the strongest among safe-haven assets, while gold and bitcoin weakened during the same period, indicating heightened investor risk aversion.$XRP XRP spot buy orders below 1.25 are holding the market firmly.
Whales have locked nearly 68.5% of the tokens on-chain, so there’s hardly any floating supply outside.
Short sellers are just stubbornly resisting, paying interest daily to keep shorting.
With such a thin order book above, if the main force pushes up a bit, all these short positions will instantly turn into ready fuel for a price rally.
#XRP
$XRP
👇$BTC exchange hacker caused a gap of tens of billions, ETF withdrew 600 million in one day, yet the BTC price stubbornly stayed around 77,000.
If this were a bear market, it would have crashed to zero long ago. The bears have used all their nuclear bearish weapons, but the price can't even break through the previous low, indicating that there is a lot of eager buying capital waiting on the sidelines.
All the bad news has come out and still no crash; next, the sellers will have to buy back their positions in the spot market themselves.
#BTC
$BTC
👇The most dangerous signal in the crypto circle has appeared! BTC rebounds, ETH follows, altcoins start to emerge, but the real big money may still be watching! How far can this rebound go?
First, look at $BTC: $77,622, up 0.87%
The US midterm elections are rattling the market nerves, and there is important employment data on November 6. More troublesome is that BTC spot ETFs have seen significant outflows before, and institutional buying has yet to confirm a return. Watch 78,000 in the short term; only a breakthrough will have a chance to challenge 80,000, otherwise, support at 76,000 must be guarded.
Next, look at $ETH: $2,291, up 1.79%
ETH's rebound is stronger than BTC's, but don't rush to call the bull market back. The Fed's rate expectations remain uncertain, and funds are more cautious. 2,250 is the short-term defense line; breaking through 2,350 can further open up space.
Finally, look at $UNI: $7.244, up 2.16%
UNI follows the rebound, and the DeFi sector shows signs of warming up, but sustained buying validation is still lacking. Holding 7 dollars is necessary to have a chance to push to 7.5; breaking below means caution for giving back gains.
A few final words:
The market's biggest deception is making you feel like you missed the bottom. My idea is simple: I'd rather earn less than go all in when the direction is unclear!
Brothers, are you bottom-fishing or watching this wave?
#迈威尔拟换股收购Lumentum，加码AI光通信布局 Bitcoin was below the 200-day moving average on the US midterm election days in 2014, 2018, and 2022, approximately 35%, 9%, and 22% lower respectively, but this year is different. Currently, Bitcoin's price is about $76,990, 5.2% above the 200-day moving average of around $73,169, indicating a relatively strong long-term trend. The 2026 Bitcoin bear market is shallower and the decline occurred earlier, with the main correction concentrated from January to February this year. Martin Lee, head