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$CAP I can responsibly tell you that today is a distribution day. It pulled up by more than ten points at the highest, but the positions didn't increase much. Basically, it was dominated by closing short positions on the domestic market, with some long positions dragged up. After the pull-up, the drop was also quick, indicating that the funds do not recognize the price level above. This rally did not involve new large capital inflows at all. At this point, if it rallies, there are two possibilities: closing profitable short positions and adding some long positions to maximize profits by distributing the long positions above. It was hammered like this a few days ago, thinking to help the funds above to break even in the short term and increase selling pressure for themselves. Even if the dealer sells low, they still profit and it's stable. I also saw 0.1, which can be said to be an absolutely critical level. If positions surge and pull up from there, I will definitely go all in. Don't blindly trust coins you've made money on, and don't purely gamble on coins you've lost money on. Analyze and be rational. 🚨BTC breaks down! ZEC approaches the previous low of 1230, don't bet on a V-shaped rebound in the US stock market! Brothers, the market really crashed! BTC plunged all the way down to 77114 (-5.66%), ZEC sharply dropped nearly 9%, now priced at 1236! The deep V-shaped rebound this afternoon was just a bait, now the second bottom test officially begins! 📊 Market highlights: 1. ZEC's 1235 previous low support line is being fiercely tested, BTC breaking down at any time could trigger further cascading liquidations in the crypto space. 2. Don't guess "gap down then rally," in such one-sided panic sell-offs, catching the falling knife is extremely risky and likely to get stuck halfway. 🛡️ Veteran trader strategy: ⚠️ Keep a close eye on the 1230 support. If it breaks decisively, look directly down to the 1190 liquidation zone. Wait for a heavy volume long lower shadow candle near 1190, then cautiously try going long with a very light position. If it can regain volume and hold above 1250, then confirm long on the right side. 🍻 Take the advice: Tonight, gamblers going all-in with high leverage are destined for a sleepless night. Turn off the software, go have a late-night snack and drink some cold beer! Let the big players fight it out themselves! ⚠️ For reference only, not investment advice. In extreme market conditions, survival comes first! #美国9月核心PCE升至3.1%,加息预期仍高 #OKX、ICE与Trade.xyz联手,推动永续合约进入美国合规市场 #加密行业协同守护资产安全 $BTC $ZEC $JUP A good trading experience depends on more than attractive prices. $JUP is connected to the Jupiter ecosystem, which brings useful trading tools to Solana users. I find the development of decentralized trading platforms particularly interesting. Better user experiences could help DeFi reach people who are new to cryptTo be honest, my first reaction isn't to guess the direction, but to think about how long this position can hold. I used to think that just picking the right direction was enough, but after suffering losses from tough holds, I realized that if the position size is too large, you might never get to see your judgment pay off. This time, Core Trader 19 went long on $GOOGL with 20x leverage, with a nominal position of about $204,500. I think the key isn't whether you dare to go long, but how you retreat if you're wrong: roughly calculating by nominal value, if the price moves 1% against you, the unrealized loss is about $2,045; 20x leverage also compresses the margin for error. Just looking at this position alone, without knowing the total wallet funds and other hedges, you can't directly judge if it's a heavy position. I now stick to two rules: first, decide how much you can afford to lose on a single trade, then work backward to determine position size; before opening a position, set a stop loss and don't move it toward the liquidation line. Staying alive is more important than proving you're right. Have you ever had a situation where you were right about the direction but got squeezed out by leverage? Would you be willing to share a rule you later stuck to?$ONDO Tokenization could change how people access traditional financial assets. $ONDO is one project bringing this concept into the blockchain space. Its real challenge is building trust, accessibility, and useful financial products. I believe this sector deserves serious attention beyond short-term market movements.Binance: I will cover the losses. BTC: I won't move. Hacker: Thanks A short internet joke that precisely summarizes the current three-way standoff in this coin theft incident. Binance has clearly stated externally that all losses will be covered by the SAFU security fund combined with the platform's own funds, so user assets will not suffer losses, directly stabilizing the market's biggest fear of a run. On-chain data shows that the stolen 18,000 BTC have quietly remained in the hacker's address without being transferred out, which is exactly what the joke means by "BTC: I won't move." The hacker has not rushed to sell, fully understanding BTC's decentralized underlying characteristic: BTC has no on-chain freeze switch, and as long as the private key is held, the timing of selling is completely controlled by the holder. Currently, market sentiment is fragile, and rashly dumping large amounts could trigger intense tracking from all sides; choosing to lie low and wait for the market to recover and liquidity to improve before gradually breaking up and cashing out offers greater operational flexibility, hence the hacker's sarcastic "Thanks" ending. The stablecoin portion has already recovered most losses through issuer freezes, greatly clearing risks, but this dormant BTC remains a potential selling pressure looming over the market. Even if Binance completes the coverage, the secondary market still needs to continuously price in the risk of the hacker selling in the future. Essentially, this is the dilemma of decentralized assets: the platform can cover users' book losses but cannot create the authority to freeze assets on the Bitcoin network; the hacker holds the initiative on the timing of selling. In summary: Binance solved the users' loss problem but cannot solve the risk of the hacker cashing out BTC at any time, with the timing initiative in the hacker's hands > $BTC | ∼$77000 dip — reclaim, 1H vol drying up > After surging last night, price steadily declining. 1H EMA20/50/100 aligned down bearish. Price running below down-turning EMA20, rebounds failed to reach MAs. 1H candles consecutively bearish, short-term MAs suppressing from above. > Just now price dipped near $77K, moment of concern. But subsequent 15m formed bullish engulfing and closed back up. 1H volume shrunk from >100K in morning to <20K. Bears down along MAs. #StrategyQ3ProfitSurges Binance incident: ETH opened in Beijing at about 2370, dropped to about 2174, then bounced back to about 2223. OI is pulling out; I'll treat this rebound as a pressure release. According to CoinDesk and CNBC, after Binance's hot wallet security incident involving about 6.3 billion, the whole network liquidated over 1.5 billion, with ETH itself liquidating about 360 million. Bulls bore about 80% of the losses. CoinDesk also reported that ETH's open interest dropped about 5.8%, a steeper decline than the price, indicating funds are flowing out; on the options side, the November 13th 2000 strike put volume remains high. OKX current price is about 2223, Beijing open about 2370, 24h high about 2379, low about 2174. Leverage has been partially released, but that doesn't mean the fundamentals suddenly improved. Before withdrawals resume and compensation is settled, don't take these jumps as buy signals. First, see if the 2170–2200 range can hold; only after reclaiming 2320–2370 should we reconsider. A 4H close below about 2174 means panic hasn't fully subsided. Do you think ETH's next move will be to stabilize above 2200, or will it need to test below 2170 again? ##加密行业协同守护资产安全 $ETHData as of 21:30. Regarding the $6.3 billion theft, looking back after 24 hours, there has been progress in asset recovery, but the bad news hasn't stopped: two stablecoin issuers have frozen about $2.4 billion in on-chain funds, and the platform itself reported new points of intrusion—exact words were "more points of breach"—deposits and withdrawals remain under security review. The price response is straightforward: Bitcoin has dropped from 78,000 to below 77,000, hitting a low of 77,085; about 80% of the forced liquidations worth over a billion dollars in 24 hours were longs, and the platform token once fell by 8%. I've seen this scenario a few times. In August 2016, when 120,000 bitcoins were stolen, the price dropped 20% that month but recovered by year-end; in May 2019, when 7,000 bitcoins were stolen, the price crash lasted only three days and doubled within two months. Both times, money was stolen, not lost from the books. The November 2022 incident was different—insolvency with a bottomless balance sheet, and the price never recovered. This time, unlike 2016, the freezing was quick—$2.4 billion frozen in three days, whereas back then it took law enforcement eight years to recover most of it; similarly, the stolen funds were never the main price driver—whether funds can be withdrawn or not is the key issue. Washington extended another hand the same week. On October 28, the interest rate decision was 10 to 2 to hold at 3.75%–4.00%, with two voting for a rate hike and one for another increase in December 😱😱😱 That familiar feeling is back again!!! Previously, my position blew up like this: I originally thought the macro environment was already bad enough and there would be no major negative news, but then the exchange FTX collapsed. This time I thought the election on the 3rd would pass without negative news, but the neighbor pulled a big one! $BTC fell below 77,000, daily RSI at 30.7 close to oversold, price pressed below SMA5(79476)/SMA10(80512)/SMA20(81401) all aligned bearish, fully turning into a bearish trend. $ETH also dropped to 2200, daily RSI 24 deeply oversold, price below SMA5(2298)/SMA10(2343)/SMA20(2393) all below, also a big waterfall market. $ZEC fell below 1200, daily RSI 44.6 which is quite decent. Price slightly below SMA5(1254)/SMA10(1241) but 1200 is SMA20(1213) support, with a +0.92% counter-trend in the last 7 days, most resistant to falling, this wave likely to see 1100. #US Core PCE for September rose to 3.1%, rate hike expectations remain high $ZEC – BEARISH SIGNAL 🔴 Entry: 1228–1235 Target 1: 1218 Target 2: 1205 Target 3: 1190 Stop Loss: 1255 Analysis: $ZEC is showing strong bearish momentum and trading below EMA 5, 10 and 20. Selling pressure remains dominant. Risk Disclaimer: Wait for confirmation before entry. Use proper stop-loss and manage leverage carefully. #DailyOrbit @OKX 预言家 Guys, Intel really took a hit this time, plunging 22% after hours. Chen Liwu himself came out complaining, saying the PC market is sluggish, memory prices have soared, and it's expected that this hole won't be filled until the first half of 2027. To put it plainly, AI data centers are gobbling up all the gains, while traditional PCs can't even get a sip and are still getting beaten up. We've been talking about the storage super cycle before, and now all the aftereffects are showing. Upstream storage giants (like SK Hynix, Samsung, Micron) are making a killing, but downstream PC manufacturers and chipmakers are being crushed by the high memory costs. Products are made but no one buys them, and costs won't come down—how can this business survive? So don't think about bottom-fishing in this declining sector just because the price has dropped a lot. See clearly where the money in the industry chain is really flowing. Stay steady, don't get carried away. $SNDK #SanDiskMSCIRebalance #StrategyQ3 net profit hits a new quarterly high, with significant contribution from digital asset income "A 2.57% buffer against the daily volatility of $INTC — that's the riskiest part of this trade." $INTC 25x short, 69.51→67.72, +64.37%. Conversely: it only needs to rebound about 0.10% for that 64% gain to vanish. What does 0.10% mean for $INTC? A normal upward spike, or even a large order pushing the price up on the order book. In other words, this trade doesn't require any negative news to fade, no trend reversal, nor anyone deliberately buying — just a technical rebound is enough to wipe it out. 25x leverage magnifies 2.57% into 64%, and likewise magnifies 0.10% into zero. It offers you huge returns but is always ready to take them back. The market itself is stable: price is running low. But the key resistance above is not far away. So I never decide to close based on "how much I've earned," only on how far it is from the cost line. 2.57% looks like a buffer, but the asset's volatility never makes sense. The only move: push to break even, at worst lock in zero, and no longer increase exposure. $BTC $ETH #美国9月核心PCE升至3.1%,加息预期仍高 Binance was hacked for $6.3 billion, the largest in history. But what I want to talk about is not this number. What really sent chills down my spine was another detail: the hacker did not crack the private keys, nor did they breach the cold wallet. Instead, they accessed through a DevOps engineer's laptop, then moved through the service containers and directly issued withdrawal commands to the hot wallet. Twelve years have passed, from Mt.Gox to Binance, and the strongest fortress of exchanges remains the people, who ironically are the weakest link.‌ The market reaction is interesting. Bitcoin dropped 3%, $1.5 billion in leverage was liquidated, but it was nowhere near the panic of "industry zeroing out" seen during the FTX collapse. Dragonfly said this is a sign of industry maturity, Binance can afford to compensate, and the market trusts it. This statement is half right.‌ The right half is: Binance’s solvency indeed upheld confidence. The wrong half is: the market is using "can afford to compensate" to digest a failure that should never have happened. An exchange managing $162.8 billion in assets has its security line depending on whether an engineer’s laptop was phished. This is not a problem of a single company, but a structural crack in the entire custody model.‌ If the $6.3 billion lesson is just "Binance will fully compensate," then that money was wasted. The real question is: next time, will it still be just a laptop away? #加密行业协同守护资产安全 The interface between traditional finance and crypto is shifting from "buying and selling" to "taking a cut." The two ETFs launched by Franklin Templeton are worth a close look. Their structure is 95% US stocks as the base and 5% Bitcoin weighting, with the key move in dividend handling: the underlying assets are a basket of the top 500 US companies and the Nasdaq 100, with Apple, Microsoft, and Johnson & Johnson paying out huge cash dividends annually. In traditional DRIP, this money would be used to repurchase more shares, but here the dividends are stripped by the system and forcibly used to buy Bitcoin spot on the open market. Even if no new investors come in, as long as the US real economy remains profitable and continues paying dividends, these two ETFs act as a mechanical buy order that ignores price and sentiment. Among the marginal buyers of $BTC, there is now a batch of pensions forced by the system to keep buying. The second signal is in London. The listed company KR1 bought and staked 5,000 TAO tokens at an annualized rate of 6.6%, while also launching its own infrastructure operations. It is no longer a hollow treasury holding tokens on behalf of clients but has transformed itself into a computing power validation node company. Bittensor uses tokens to incentivize the integration of global computing power and models, and KR1 is betting that AI computing power can generate real cash flow. Both developments point in the same direction: the asset acquisition side is broadening, and the income-generating side is also expanding. TAO has the potential to succeed ETH and SOL as a new treasury option for listed companies. What’s worth watching is not the price but when this kind of structure shifts from a niche case to a standard configuration. Macro Background: "Hawkish Pause" Implemented, December Rate Hike Probability Soars The Federal Reserve maintained the interest rate at 3.75%–4.00% with a 10:2 vote, but two members advocated for a rate hike, and the statement's tone was hawkish. Waller emphasized at the press conference that there is no "soft inflation target" and did not rule out further tightening. The market reaction is more critical than the decision itself: the probability of a 25bp rate hike in December surged from 78% to 85%, and the futures market is pricing in "another 25bp hike in December." This is the fundamental reason why BTC continued to decline even after the "pause" in rate hikes was confirmed—not pricing in the "pause" in October, but the "possible restart" in December. Geopolitical risks compound: Iran may not respond positively to U.S. negotiation proposals, the U.S. warned allies to prepare for potential strikes on Iran after the midterm elections, Brent crude oil prices broke above $110, complicating the energy inflation outlook and further suppressing risk appetite. Tech stocks weakened simultaneously, with the Nasdaq dropping over 1.3%, and risk appetite contracted across the board. $BTC $ETH $SOL #OKX、ICE与Trade.xyz联手,推动永续合约进入美国合规市场 Exploded by 1.5 billion USD overnight, OKX retail investors are still bottom-fishing..... With the US stock market opening tonight, I’m watching the 76,500 level; if it breaks below that, don’t buy, and I won’t chase the upside until it recovers above 79,506 🤣#加密行业协同守护资产安全 The AI fire has spread to the crypto circle, and Binance just handed over a bucket of oil. First, let's look at the market. BTC dropped from 81,890 to 76,600, with a 24-hour high-low difference exceeding $5,200, currently hovering around 77,000, down about 5% in 24 hours. The entire network saw $1.51 billion liquidated in 24 hours, with longs liquidated at $1.329 billion and shorts only $181 million — this is not a battle between bulls and bears, it's a one-sided slaughter of long positions. BTC liquidations reached $502 million, ETH $323 million, with ETH briefly dropping near 2,200, a 24-hour decline exceeding 7% at one point. How big is this Binance incident? On-chain review shows about $6.28 billion flowed out from hot wallets across 8 chains, with $6.07 billion transferred away in the first 55 minutes. Currently, about $3 billion has been frozen. BNB itself took a hit, falling below 700, with a 24-hour drop exceeding 8% at one point. Did the AI panic in the US stock market really spread over? It did, and the path is very clear. Google's earnings showed free cash flow at -9.07 billion, Intel after-hours -2.3 billion, Amazon free cash flow -42.3 billion — the AI money-burning narrative was publicly questioned, tech stocks had valuation cuts, overall risk appetite contracted, and BTC, as a high-beta asset without cash flow support, took a sharper hit than the Nasdaq. 76,600 is the short-term lifeline; if broken, watch 76,000. Until the AI accounts are settled, don't use “halving” or “adoption” to catch the falling knife; first, watch when risk appetite stops bleeding Big bearish engulfing candle! $BTC breaks below 77,300, the main downtrend candlestick pattern has completely deteriorated. Brothers, look at the current market, BTC's current price has directly dropped to 77,291.7, a sharp intraday plunge of 5.44%! A thick solid bearish candle has pierced through the previous consolidation platform, this trend can be said to have revealed its true face. From a technical objective review, the daily chart has formed an extremely adverse breakdown pattern. The moving average system has started to turn downward forming a bearish alignment, the MACD indicator formed a death cross above the zero line and is accelerating downward divergence, the green momentum bars continue to expand, indicating that the bearish force is intensifying its release. The 4-hour candlestick chart has even formed a standard "guillotine," tearing the bulls' defense to pieces. Looking at the wave structure, the previous rally from the bottom has completely ended, and it is currently most likely in the acceleration phase of a large-scale wave A or the main wave 3 of the downtrend. Looking at the order book details, there are layers of large sell orders stacked between 77,292 and 77,293 above, suppressing like Mount Tai, the bulls cannot organize an effective rebound. To put it simply, this move is a liquidity stampede after the previous frenzy cooled down. My short position opened at the high of 80,719.5 has steadily gained 12.76% profit along this main downtrend wave, the forced liquidation price is far away, no need to watch the market's mood. Here is an operational idea: For this kind of breakdown and sharp drop, don't rush to catch the falling knife, and don't blindly bottom fish. Focus on observing the support test in the 75,000 to 76,000 range below. If volume continues to shrink and the rebound is weak, then this decline still has room to go; if it can stabilize and expand volume here, then consider subsequent recovery. Until the trend reverses, follow the trend, don't stubbornly resist it. $ETH $SOL #美国9月核心PCE升至3.1%,加息预期仍高 Yellowfish experiences a sharp drop, breaking below the 4000 mark in one move, with the downward trend continuing and the lowest point reaching 3939. After this round of continuous release, the bearish momentum gradually weakens, and selling pressure has somewhat diminished, presenting a short-term opportunity for a corrective rebound. The subsequent strategy is to selectively build long positions at lower levels, targeting 3950-3970, with a stop loss set below 3935. If the low point is breached, the strategy should be promptly adjusted to avoid the risk of further decline. Strict risk control must be maintained during trading, and blind chasing of orders should be avoided. $XAU When I see this kind of 10x leveraged short position, my first reaction isn't to guess how much it can earn, but to see where it plans to admit a mistake. The direction can be debated, but leverage turns hesitation into a very costly bill. This time, the wallet Core Trader 66 (0x5559da…3d43b) opened a 10x leveraged short on $kPEPE, with a nominal position of about $50,000. This is a newly opened directional bet, and the outcome is not yet revealed. I prefer to treat it as a slice of risk budgeting rather than a bearish signal. Roughly calculating by dividing the nominal value by leverage, the initial margin is about $5,000; if the price rises 1% against the short, the floating loss is about $500, equivalent to 10% of this estimated margin, not including fees. A seemingly small price fluctuation, when applied to the margin, carries a completely different weight. Another point is that monitoring does not provide stop loss, account equity, or other positions. It could be an independent short or serve a hedging function, the latter being just my speculation. Judging the trader as fully bearish based solely on the short opening action easily misreads a partial snapshot as the whole map. So my judgment on this position is: the short intention is clear, but the risk boundary is still unclear. If you could add only one piece of information, would you rather know the stop loss price or the proportion of this position relative to account equity, and why? 🔷 CryptoX-ray #22: $NEAR - Intents $32B Intents processed ~$10.4B in Q3. >$8M in fees accounted for NEAR buybacks, but this does not equal tokens purchased. Red flag: 2.5% annual issuance. HSP-029 (up to 1.6%) is still only being voted on. Verdict: the product is growing, the token is catching up. Waiting for executed buybacks. Will the buyback offset issuance or not? 👇Within the macro framework, between closing short positions and the rebound in risk appetite, the step of capital re-entering the market is still missing. Core Trader 71 just closed 15 $BTC short positions, realizing a profit of $64,681.03, but this is only about an 11% partial close. I tend to interpret this as a contraction of risk budget rather than a shift to a bullish direction. The reason is straightforward: closing only a small portion does not mean abandoning the bearish view; the original position used 40x leverage, which is sensitive to reverse volatility, so realizing some profits may just be reducing exposure. I remind myself that buying back shorts and adding new longs, although both are buying, reflect different risk appetites behind them. In my speculation, if macro liquidity improves and subsequently there is a broader short exit and active long positioning, then the explanation of a recovery in risk appetite stands stronger. To judge whether this profit-taking has macro implications, is everyone now more concerned about US dollar liquidity or changes in interest rate expectations?Last year, just one year after the "10.11" incident, today another "10.30" coin theft incident occurred, which everyone should have heard about. The amount involved is approximately $6.36 billion, making it the largest theft in the history of the crypto industry. After the incident, several peers including Tether and Circle helped freeze about $3 billion in assets next door, helping the industry recover half of the losses. The neighbor also stated that they would bear all the losses. But as the industry leader, how exactly did the hacker break into the neighbor? I have sorted out the whole story for everyone: 1. How did the hacker break into the neighbor? Preliminary investigation by the neighbor shows: a developer operations engineer's laptop was hacked, allowing the hacker to enter the service container and submit unauthorized withdrawal transactions. The process of the hacker breaking into the neighbor can be divided into three stages: Stage one: lurking in advance, preparing the attack environment October 28: The wallet controlled by the attacker began receiving small amounts of funds from Tornado Cash to pay for subsequent transaction gas fees. October 29: The attacker began deploying attack code and tested it on the wallet they controlled. Then the attacker conducted a full attack process rehearsal, confirming that authorization, fund transfers, and other operations could be executed normally. Before the formal attack, the relevant code was deployed into the attack path of the neighbor's hot wallet. Stage two: Using the EIP-7702 mechanism to control the Ethereum hot wallet EIP-7702 is an account authorization mechanism introduced in Ethereum's Pectra upgrade, allowingThe hacker's actions were also very fast, selling $100 million worth of altcoins within 5 hours of the theft and converting them into ETH. On-chain whales acted quickly as well, directly starting to buy the dip ⬇️ As of the time of writing, the $UNI, $ENA, $PEPE, $LINK, $AAVE, $ONDO, and WLD involved in the Bn hacker's sell-off have all rebounded from the lows during this morning's sell-off. PEPE and ENA rebounded approximately 12% and 10%, respectively. After 9 AM this morning, two whales bought long positions of about $3.09 million PEPE and $4.01 million ENA on Hyperliquid, totaling $7.1 million, currently with a combined unrealized profit of about $250,000. UNI rebounded about 7%, with nominal OI increasing about 7%. Two accounts that opened shorts around 6 AM this morning have remaining short positions totaling about $2.83 million, currently with a combined unrealized loss of about $90,000. Among the other four tokens, AAVE rebounded about 7%, nominal OI increased about 1%; LINK rebounded about 5%, OI decreased about 4%; ONDO rebounded about 6%, OI decreased about 6%; WLD rebounded about 7%, OI decreased about 13% Coinbase ($COIN) Q3 2026 Earnings Report Coinbase's Q3 earnings report shows a substantial profit, with net income reaching $719 million. However, $715 million of that came from gains on crypto assets held for investment purposes. In other words, Coinbase's most profitable activity in Q3 was not trading, but investing. After adjusting for gains and losses on crypto assets and other investments and related tax effects, Coinbase's net income was $77.7 million, down 82% year-over-year. Total revenue for the quarter was $1.216 billion, down 35% year-over-year, with trading revenue falling 44% to $590 million. This is also reflected in trading volume: Coinbase's crypto spot trading volume in Q3 was $134.5 billion, down more than half from $294.3 billion in the same period last year. Although the company reported that its market share of crypto trading volume increased from 5.6% last year to 10.7%, the overall market's reduced trading activity meant that the increased share did not translate into year-over-year growth in trading revenue. However, Coinbase's revenue sources are indeed diversifying. Subscription and services revenue in Q3 reached $570 million, accounting for 49% of net revenue, while stablecoin revenue was $307 million, up 5% quarter-over-quarter. The average USDC balance in Coinbase products also grew from $20 billion last quarter to $22 billion. Although the USDC balance increased, the overall average market capitalization of USDC declined from $77 billion last quarter to $73 billion. Additionally, Coinbase's prediction market quarterly revenue has reached an annualized level exceeding $200 million. Daily active trading users grew more than 60% quarter-over-quarter, and growth in the prediction market also contributed to increased trading fees. On derivatives, Coinbase's crypto derivatives nominal trading volume in Q3 was $963 billion, up about 14% year-over-year but down about 6% quarter-over-quarter. The integration of Coinbase International Exchange with Deribit was completed in October, and short-term trading volume may fluctuate as users adapt. As of the end of September, Coinbase disclosed cash and cash equivalents of $8.604 billion, down from $11.285 billion at the end of last year. This includes approximately $2.415 billion in payment stablecoins. Long-term debt was about $5.948 billion, and short-term borrowings about $749 million. The company stated it still has about $2 billion in share repurchase authorization but has not disclosed when it will initiate buybacks. Overall, the earnings report shows that Coinbase's market share is indeed growing, but the crypto market downturn has led to a decline in trading, with revenue and operating profit still decreasing. While USDC and the prediction market bring new revenue streams, they are not yet enough to offset the decline in trading business. Reposted from Phyrex$SKHYNIX positive news turns into negative! The storage sector indeed faces a waterfall decline! Yesterday, Mimi already warned everyone to be cautious of profit-taking after positive news is realized, and today's drop basically confirms the previous judgment. This is a classic market pattern: hype expectations, sell the facts! Although Mimi has been bullish on the storage sector earlier, she also warned in advance that after SanDisk's earnings release, there might be profit-taking pressure leading to concentrated selling. Now, as the earnings report is released, the storage sector collectively plunges, and the speed of capital realization is quite fast. Tonight is the last trading day of the week, so no rush to enter the market yet. First, observe the performance after the US stock market opens to see if there are signs of a halt in the decline and stabilization. No matter how good the market is, don't blindly chase; no matter how bad, don't rush to bottom-fish. First, see the direction clearly, then look for entry opportunities! #美国9月核心PCE升至3.1%,加息预期仍高 #OKX、ICE与Trade.xyz联手,推动永续合约进入美国合规市场 #加密行业协同守护资产安全 $BTC $ETH 100x does not mean earning 100x, it means volatility is amplified 100x $ETH dropped from 2373 to 2346, a 26 dollar move. With 100x leverage, this 26 dollars turns into double the profit. What does this number mean: 100x means margin is calculated at 1%. If the price moves 1%, the principal moves 100%. 26 dollars divided by 2373 is about 1.1%. Doubling the principal comes from this. The opposite side: if the same price moves down 1%, the principal goes to zero. It's not losing half, the system directly liquidates the position. Only light positions can hold, this is true. Before the early morning interest rate decision, low volume means all orders were withdrawn. $BTC failed to hold above 82000, the rebound is still looking for short positions. Set direction aside for now, first calculate how many dollars your 1% can withstand. #VanEck与富兰克林推出含BTC配置的新型ETF #$ETH $BTC Bearish across the board, short on $SNDK on the rebound 🔥 The crude oil that was hard to suppress is showing signs of rising again, pressure everywhere, tech stocks plummeting, crypto under pressure, even gold can't hold up. Sister Wen thinks we should follow the market and short SanDisk on the rebound, especially since today is Friday, and Sister Wen noticed that pre-market funds are not very strong. You can short near the 1230 resistance level, take steady profits at 1200, aggressively hold to 1180, stop loss if it breaks 1255 #亚马逊Q3营收略逊预期,AWS增速达近五年最快水平 Is Loracle now taking on the title of a major short seller? Today, it added short positions worth approximately $48.4 million in altcoins and tech stocks. Combining the trades and positions of Loracle's main account and 7 sub-accounts, as of the time of writing, the total transaction amount for newly opened and increased short positions in its main sub-accounts today is about $48.38 million: $ETH: Newly opened short positions today, transaction amount about $22.82 million, current position about $22.52 million, average price $2262.70; - Nvidia: Newly opened short positions today, transaction amount about $8.37 million, current position about $8.34 million, average price $208.57; - Oracle: Newly opened short positions today, transaction amount about $2.19 million, current position about $2.18 million, average price $134.06; $NEAR, $PEPE: respectively added about $10 million and $5 million in short positions. On the long side, the same sub-account increased holdings by 123.12 BTC today, transaction amount about $10 million, currently holding 718.34 BTC long positions valued at about $56.1 million, with an average cost of $84,948 and an unrealized loss of about $492,000; also increased XMR holdings by about $570,000, with current XMR long positions around $15.54 million. BTC's non-freezable feature has finally come into play, but only against hackers Bitcoin's proud decentralization and on-chain non-freezable characteristics have shown a highly ironic side in this Binance theft incident: this design was originally meant to protect holders' assets from arbitrary third-party interference, but now it has become the strongest shield in the hands of hackers. After stablecoins were stolen, issuers could invoke contract blacklist functions to lock hacker addresses' assets with one click, freezing nearly $3 billion in stablecoin assets this time. But the 18,000 stolen BTC are completely different. The Bitcoin network has no administrator, no emergency freeze switch; as long as hackers hold the private keys, there is no way on-chain to stop asset transfers. Exchanges and on-chain security agencies can only mark hacker addresses and intercept these coins from entering compliant platforms, but they cannot block mixing, OTC, and other liquidation paths. This exposes the inherent trade-offs in BTC's underlying design: the ability to resist centralized control is two-way—it can resist authoritarian interference with ordinary holders' assets, but it also shelters thieves who have the private keys. The hackers currently choose to stay put, relying on BTC's inability to freeze on-chain to wait for a better liquidity window to cash out. Although Binance has the SAFU fund plus its own capital to cover user losses, the secondary market continues to price in this potential selling pressure. Small-cap narrative coins experience amplified sentiment fluctuations, and the market repeatedly oscillates. Summary: BTC's non-freezable nature is a double-edged sword; while it protects holders, it also leaves a channel for laundering stolen assets. This is the price decentralization must pay.#美国9月核心PCE升至3.1%,加息预期仍高 The US core PCE for September has risen to 3.1% again, which is not good news for Bitcoin. If inflation cannot be suppressed, the Federal Reserve's room for rate cuts will be even smaller. The market is now even starting to bet on a possible 25 basis point rate hike in December. Previously, the market was waiting for rate cuts to drive a rebound in BTC and ETH. Now, the concern is that interest rates will remain high or even rise again. And if there really is a rate hike in December, will BTC experience another drop, or has the market already priced in this expectation? $BTC $ETH $SOL #交易之声:你的经验值得被听到 🎁 Today's comment question: 【When macro signals conflict, do you reduce your position or wait and see?】 I've been in the community long enough to have experienced one halving cycle, two bear markets, and one bull market. Actually, the priority of macro signals is ranked like this: war conflicts > trade wars > hacker incidents > Federal Reserve decisions > other signals. When the first few happen, usually you don't have time to wait and see; run as fast as you can. The Federal Reserve decisions and expectations still give you time to set up and reduce positions. I hope you never have to understand my priority ranking 😡Today's stolen black swan event caused $BNB to plunge nearly 10%, with large whale accumulations appearing on-chain. On $HYPE, BNB rebounded about 6.8% from the early morning low of $670.1. Seven longs collectively opened positions worth approximately $12,075,500, with a weighted average price of $700.08, yielding an unrealized profit of about $258,300; Three shorts collectively hold positions worth about $3,246,300, with a weighted cost of $708.15, showing an unrealized loss of about $32,500. The long positions amount to roughly 3.72 times the shorts, accounting for 78.8% of the bilateral holdings of these accounts. Among them, the largest new long position is about $2,498,000, at an average price of $686.05, with an unrealized profit of about $102,600 and a floating return rate of approximately 42.8%. Additionally, three major holders flipped from short to long, currently holding a combined $5,120,000 in BNB long positions. The overall market open interest increased about 58.2% compared to 24 hours ago but has fallen about 31.3% from this morning's peak, with a trading volume of approximately $313 million during the same period. The current funding rate is about -0.00477% per hour, paid from shorts to longs. #IntelQ4OutlookMiss #IntelQ4OutlookMiss is trending as Intel reports Q3 revenue up 21% YoY to $16.5B with a non-GAAP EPS of $0.52, but weak Q4 guidance of $15B–$16B misses expectations. How are you playing this in the prediction markets and related assets? 👀📉#INTC #Markets #CryptoThe millet just harvested in autumn has been stored in the granary, but when the winter storage accounts are opened, the bottom leaks out—the income in the third quarter rose by 20%, looking like the ears of grain bending the stalks, but the forecast for the fourth quarter shows the harvest shrinking directly, even the grain planting for next spring is trembling. The old hands all understand that good weather can't be supported by just one good season's crop. This time, the Intel field's report shows the third quarter's yield per mu jumped, but the managers made it clear: the drought in the personal computer field will last at least until the first half of next year. Does this sound familiar? It's like seeing the wheat seedlings turn green, then a late spring frost can freeze the tender shoots back. Not to mention a workshop in Israel stopped working, and the grain trucks shipping in the fourth quarter were directly reduced. Natural disasters plus human errors, the price after hours wilted overnight like melon vines hit by hail. My rough hands have touched a lot of soil, and I know one truth best: you can't just look at the current crop. The 21% increase in the third quarter is the effect of the base fertilizer buried last autumn, but if you take it as seed money for next year, that's mistaking food grain for seed grain, which will cause big problems. The management themselves relaxed and said the PC crop needs to rest at least until after next spring, so this field is not only lacking moisture but the soil fertility is declining. A factory stopping production is like an irrigated field losing its channel; it won't be fixed in a day or two. As for the $xBMNR linkage, what is it like? Like the old Wang's field in the east of the village being infested with pests, and several families planting the same seedlings in the west of the village can't sleep at night. Field ridges are adjacent, moisture is connected, wind direction is connected, and pest damage is even more connected. In this large semiconductor field, when one reports insufficient winter storage, the grain prices of neighbors fluctuate accordingly; this is an old principle, no need for anyone to beat the gong. But on the other hand, the real old farmers never dismantle the cattle shed because of one autumn rain. Farmers look at the moisture cycle over three to five years, not the few cents of fluctuation at the morning market. When drought comes, they repair the channels; when flooding comes, they dig ditches; when winter comes, they tidy up the tools and select full seeds, waiting for the soil temperature to rise. The current situation clearly shows the north wind has started, frost has not yet peaked, and if you hurriedly sow the last seeds, that's not diligence, that's wastefulness. The field accounts always count the big picture, not the small. The third quarter's income is the inflated effect of fertilizer, the fourth quarter's forecast shrinkage is the true soil fertility. The managers say the drought will last until the first half of next year, so you have to tighten the grain storage, polish the plowshares, and not dig blindly on frozen soil. The PC field used to be high-yield, but now it's compacted and needs to rest, nourish the soil, and wait for the next soaking rain. Whether the channel in Israel is broken and for how long is the temper of heaven; you can't control it, but what you can control is whether your own granary has enough old grain to chew until spring. As for the $xBMNR linkage, remember one thing—when neighboring fields suffer disasters, the first to panic are those without stored grain. If you have grain in your warehouse and moisture in your heart, the wind blowing by is just airing the wheat seedlings. The real old farmers squat at the field edge watching the clouds, not to see if it rains today, but to see which direction the clouds move and for how many days. If the direction is wrong, they'd rather let the field lie fallow for a season than gamble with seed grain. Field work can't be rushed. Seedlings rushed out won't root deeply and will fall with the wind. This winter storage forecast shrinking water means tomorrow will change; harvest what should be harvested, store what should be stored, lean the plowshare against the wall, sit by the fire pit twisting hemp rope, and wait for the soil energy to move in early spring before the first plowing. #intelq4outlookmiss24 hours Liquidations exceeded $1.5 billion 240,000 liquidation events Largest single liquidation amount reached $10 million A devastating blow to the bulls' confidence $ETH $ZEC $BTC #美国9月核心PCE升至3.1%,加息预期仍高 Liquidations exceeded $1.5 billion 240,000 liquidation events Largest single liquidation amount reached $10 million A devastating blow to the bulls' confidence $ETH $ZEC $BTC #美国9月核心PCE升至3.1%,加息预期仍高 2026 New Institutional Coin List: 10 Crypto Projects Truly Breaking into Wall Street Second Tier: Deep Cooperation with Banks and Asset Management Giants $ONDO |DTCC: Its Oasis Pro becomes the first tokenized platform member of DTCC Fund/SERV and participates in the DTS ecosystem construction. $CFG|Janus Henderson, S&P DJI, Nasdaq, New York Life IM: Collaborate to issue on-chain US stock index funds and bond funds, providing core issuance infrastructure. $XRP |BNY, SBI, Standard Chartered: Involved in digital asset custody, payments, and tokenized trade finance, with BNY already supporting custody of XRP and RLUSD. Third Tier: Direct Entry of Wall Street Capital $ZRO|Citadel Securities, Tether, ICE, DTCC: Citadel Securities strategically buys ZRO, Tether invests in LayerZero Labs and ZRO, multiple financial infrastructure institutions participate in Zero ecosystem construction. $UNI |BlackRock: BlackRock cooperates with Uniswap Labs and Securitize to integrate BUIDL into UniswapX, while making strategic investments in the Uniswap ecosystem. (See previous message for the other 5) The first move is a bold sacrifice to launch a strong attack: Strategy's quarterly report shows a net profit of $19.53 billion, which essentially transforms Bitcoin from an off-balance-sheet heavy piece into a rear-line firepower, but the transformation is guarded by Mr. Market, and the opponent can counterattack at any time. The $2.091 billion digital asset income is the tactical engine of the whole game, not a midgame advantage, but a combination of exchanging space for time. The cost is clearly written: software revenue declined 3% year-over-year to $125.4 million, equivalent to a broken flank pawn chain, with the king's wing not yet castled but the line rashly opened. A grandmaster reviewing this position would not cheer the material lead first, but ask—does your profit come from main cash flow or from the opponent’s tactical oversight? BTC’s price weakening means the opponent is starting to seize the initiative. Fair value changes turn the profit statement into a roller coaster: rising is transformation, falling is forced draw, and every square in the endgame becomes a Chaturanga. The linkage of tokenized assets like XORCL feels more like forced moves—the price discovery follows BTC’s rhythm, not its own fundamentals; the tempo is completely out of its own hands. The real winners don’t count how many pawns are captured in this move, but calculate the king’s safety twenty moves later. When profit structure decouples from main revenue, even if the check sounds on the books, it’s just tactical fireworks; strategically, the king and rook haven’t castled, and the pawn formation already has weaknesses. The opponent doesn’t need brilliant moves, just pushing a flank pawn can force you to exhaust your time in the endgame. #StrategyQ3ProfitSurges ETH couldn't hold either, dropping below 2,200, hitting a two-month low. When BTC falls, Ethereum suffers along with it, and altcoins fare even worse. Technically, the RSI has dropped to around 36, and Williams %R is already oversold. Oversold doesn't mean an immediate rebound, but those shorting should be cautious of a short squeeze. #ETH #Ethereum #Decline #TechnicalAnalysis #Altcoins #Oversold 2,200 is broken, where do you think the next stop is? Not investment advice. The book profit of a real estate project, if mainly derived from land price revaluation rather than rental income, any structural engineer would first check its load calculation report. Coinbase's Q3 earnings report shows a GAAP net profit of $719 million, seemingly a perfect capstone, but when you peel back the concrete protective layer—you find $715 million comes from the fair value revaluation of BTC and ETH. After removing this decorative layer, the adjusted net profit is only $78 million. This is not a load-bearing wall built by cash flow; it is a reflective coating applied by asset appraisers on the foundation. Next, look at its main load-bearing components: transaction revenue dropped 44% year-over-year, down to $590 million. What does this indicate? It means the core structure originally supported by retail high-frequency trading is undergoing shear deformation. A true architect would not ignore the settlement of internal columns just because the curtain wall looks good. Similarly, when a platform's main revenue beam shrinks by nearly half, you cannot offset it with non-operating items like "asset appreciation"—that would be like including the valuation of an underground garage in the rental income statement, which is structurally unsound. Interestingly, the prediction market's annualized revenue exceeded $200 million, and daily active traders increased by over 60% month-over-month. This is the newly poured shear wall. Although it has not yet grown strong enough to bear the lateral forces of the entire building, it at least shows the construction team is not resting on old blueprints but is expanding a new functional zone nearby. From a planning perspective, this is a structural transformation from a single trading hall to a diversified business complex, with the load-bearing system redistributing the load. What really needs attention is the fundamental holding position behind the $71.5 billion asset revaluation—it is equivalent to the steel reinforcement ratio in the foundation. If the market experiences a deep correction, this steel reinforcement will pull cracks in the profit statement in the opposite direction. Whether transaction revenue can stop falling and rebound is the core acceptance criterion to judge whether this building qualifies to transition from a temporary structure to a permanent one. Net profit propped up solely by asset appreciation is like a high-rise built with foam concrete; when the wind blows, its verticality is lost. #coinbaseq3profitreturnsBinance's 6.3 billion was attributed to North Korea tonight. Reuters cited insiders tonight saying Binance is cooperating with the FBI and the U.S. Secret Service. Blockchain intelligence firm TRM pointed the attack to TraderTraitor, the North Korean group that took $1.5 billion from Bybit last February. TRM claims high confidence in this. The attackers still hold 420,000 Ethereum and 18,270 Bitcoin, about $2.4 billion. These coins have no issuer, so no one can freeze them. Of the 3 billion frozen, Tether, Circle, and Ripple account for over 2.5 billion. Who ultimately gets that money will require legal procedures; TRM's policy head told CNBC there is no standard timeline. Binance's promised compensation does not wait for the unfreezing of that 3 billion. Binance says it will fully compensate from SAFU and the company's own funds. SAFU is all Bitcoin, worth 1 to 1.2 billion. The 6.3 billion figure is less than one-fifth of this pool. The rest will come from the company's own money. Deposits and withdrawals are still suspended, with no restoration time given. This 6.3 billion will be advanced by Binance itself, and this money will eventually be reflected in the price of BNB. In the past few days, when I look at BNB, I first check the external market trades, not Binance's order book. Withdrawals are suspended, funds can't move, so the on-exchange price can diverge from the external market.26.95 — This is the most intense downdraft since the asset was listed, with radar echoes directly producing a strong echo column penetrating multiple potential height layers, closing at 109.67. First, let's lay out the sounding data. Q3 revenue was 4.106 billion, up 20.5% year-over-year; precipitation observations slightly exceeded forecasts, meeting this criterion. But adjusted earnings per share were 1.00, two percentage points below the forecasted 1.02; the pressure was two pascals lower than the median of the ensemble forecast, signaling a cloud base height below expectations. What really made the forecasters sit up was the next layer: Q4 cRPO growth forecast at 18.5%, while Q3 actual was 20.5%, and the market ensemble forecast average was about 19.8%. This is not a minor drizzle turning overcast; it’s a clear weakening of the upper-level jet core within 48 hours, with the trough line shifting east and losing momentum. Revenue is like a ground rain gauge, while cRPO represents the upper-level wind field; the former only sees water that has already fallen, the latter determines where the weather system will move in the next three days. The 2026 AI annual contract value target was raised to 1.7 billion; this news is equivalent to observing a narrowing temperature-dew point spread at the 850 hPa level, indicating good moisture conditions, but unfortunately insufficient lifting trigger mechanisms — convective available potential energy is stored, but there is not enough frontal lifting to ignite it. Thus, the market only recognizes the weakening wind field, not the abundant moisture. The result is a squall line passing through. A single-day drop of 26.95% on the daily chart is equivalent to a supercell sweeping through the city, with gust fronts leading, followed by a core of heavy precipitation. At this moment, two things must be distinguished: is this an isolated convective cell, or the opening of a new climate state transition? The judgment basis is not the stock price itself, but whether next quarter’s cRPO can climb back above the 20% contour line. Next, look at the observation conditions of linked assets. Tokenized US stock proxies are like unmanned weather stations set in another time zone; they cannot record the sudden pressure drop at US market close in real time, only filling in last night’s storm with a gap at the Asian session open. This gap-filling method has two well-known observational errors: first, low visibility during thin liquidity periods causes spreads to fluctuate like gusts, with noticeable discrepancies between quotes and actual trades; second, the gap itself carries no wind profile information during the process — what you see is that the rain stopped, not how it rained. More attention is needed on the background circulation. Recently, cross-asset correlation structures have been unstable, with the subtropical high of risk appetite and the cold air of liquidity repeatedly tugging; strong convection in a single asset is easily misread as weather for the entire region. Tonight’s strong echo column on the radar, appearing on the tokenized asset’s K-line, is just a late record of the same storm, not a new storm formation. The latest radar scan: the strong convective cell is still moving east; visibility at this station is less than 200 meters; the trough line has not yet closed. #servicenowq4outlookmiss$BTC's biggest obvious buyer has quietly stopped. The whale Strategy that shouts trade calls every day actually withdrew nearly 200 million USD this week to fill its own debt hole. The main funds have started patching leaks in their own backyard, indicating that external spot support has already dried up. This institution's average holding price is around 75,000; don't forget that when the price previously fell below the cost line, they really smashed the market to cut losses and pay interest. Now, the bulls at this level are completely holding on by faith. Once this major player's lifeline is broken downward, the cascading selling pressure will have no one to catch it. #BTC $BTC 👇$DOGE Folks, I've been watching the market all night, and damn, this DOGE market is eerily quiet. There's no news outside; it's purely funds fighting inside. The 0.0757 level is being forcibly pushed up, but the volume just can't keep up. Damn it, this is clearly a setup for a trap! 📉 The resistance at 0.0765 is tight, a typical bull trap to shake out weak hands. Take my advice, don't chase. I'm lightly shorting around 0.0757, with a stop at 0.0770, watching for a pullback near 0.0735. 🧘‍♂️ If you want to follow, click the token market card below to check the order book before making a move. The above is just my personal opinion and not investment advice. Contract leverage carries extremely high risk; please manage your position size carefully. Profit and loss are your own responsibility. 👇👇👇*📉 THE PROBABILITY OF A FED RATE HIKE IN DECEMBER DROPS* 🏦 Expectations for a rate increase fall from 90% to 70%, as investors seek refuge in Treasury bonds. 🔴 Nasdaq 100 futures retreat 2.7%, with sharp declines in Intel (-25%) and Amazon (-7%). #FED #Nasdaq #WallStreet #Bitcoin🔥 ETH Liquidation Heatmap Update Current Price: 2,229.5 USDT -4.50% 🔴 Upper Short Liquidation Zones (Potential Upward Trigger) 🔴 2,285 【Strong】 Approx. 66.9M USD 🔴 2,270 【Strong】 Approx. 61.5M USD 🔴 2,234 【Strong】 Approx. 80.8M USD 🟢 Lower Long Liquidation Zones (Potential Downward Trigger) 🟢 2,229 【Strong】 Approx. 74.5M USD 🟢 2,186 【Strong】 Approx. 74.5M USD 🟢 2,174 【Medium】 Approx. 37.6M USD 🚨 Real-time Liquidations (Last 24 Hours) Total Liquidations: 364.26M USD 🟢 Long Liquidations: 307.27M USD (84%) 🔴 Short Liquidations: 56.98M USD (16%) ⚖️ Mainly long liquidations, downward movement clearing longs 💡 Market Analysis In the past 24 hours, long liquidations dominated, with downward movement clearing longs; the current price is fluctuating around 2,230. There are strong long liquidation zones between 2,229–2,186 below, and strong short liquidation zones between 2,234–2,285 above. Watch for breakout direction. #ETH强势拉升,空头清算超11亿美元 #LiquidationHeatmap #ContractData #Cryptocurrency #亚马逊Q3营收略逊预期,AWS增速达近五年最快水平 Let's first look at this extremely polarized earnings report. Amazon's Q3 total revenue was $201.9 billion, a slight increase of 12%, falling short of Wall Street's expectations. However, its core cash cow, AWS cloud services, generated $45.9 billion in revenue, a year-over-year surge of 39.3%, accelerating for six consecutive quarters. You would think it's time to pop the champagne, right? But if you read on, to meet the demand for AI computing power, Amazon's cash capital expenditure in Q3 directly hit $75.9 billion, and free cash flow over the past 12 months has been drained by $42.4 billion! As a result, tokenized stocks AMZN and xAMZN plunged 8.4%. My personal view is: Wall Street's patience for "burning money to grow" has bottomed out. It's like a restaurant that's always full and has indeed increased its turnover, but to serve customers, it spends all the money it earned, even its last penny, to expand the kitchen and buy pots and pans, leaving the cash flow on the books negative. Can investors not panic? The fast growth of AWS shows that AI computing power is indeed in short supply; but with capital expenditure being such a bottomless pit, when will it end? The current funding environment is very pragmatic—you can't just talk about the grand narrative of AI anymore; you have to show me real profits and free cash flow. As long as cash flow is still bleeding heavily, no matter how strong your growth is, big money will vote with their feet first. What impact does this have? In the short term, it is definitely a negative sentiment transmission. Amazon, as a major tech giant in the US stock market📉 ETHUSDT — SHORT SETUP $ETH is showing bearish momentum after dropping from the $2,806 high. Sellers are currently in control. 🔴 Direction: SHORT Entry: $2,280–$2,320 🎯 TP1: $2,170 | TP2: $2,100 | TP3: $2,010 🛑 Stop-loss: $2,380 Why SHORT? ETH is trading below all three moving averages, showing weakness on the daily chart. Confirmation: A break below $2,170 could trigger another move down. Will ETH drop further, or are buyers preparing a comeback? 👇 DYOR. Not financial advice.