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The crypto market is facing another wave of forced liquidations after Bitcoin briefly dropped below $80,000. According to market data, $356M in leveraged positions were liquidated within 24 hours, including $205M in long positions. $BTC and $ETH traders were among those hit hardest. Here's what matters now: • Falling open interest suggests traders are closing positions. • Lower funding rates indicate weakening bullish momentum. • More liquidations could increase short-term volatility. 📊 Before Crypto Circle Brief · October 29
The Federal Reserve stands pat, BTC first rises then crashes — the classic "buy the rumor, sell the fact." At the moment the interest rate decision came out, it surged to 81,000, then crashed back to 80,157 a few hours later, down 1.5%. Bulls got harvested once again right before the finish line.
ETF capital flow looks even worse. Glassnode's weekly report lays it bare: net inflow in two weeks was only $67 million, on October 19 it saw $653 million in, but on the 22nd, $540 million ran out in a single day. Money comes in fast, but leaves even faster — institutions are playing hot potato, whoever is slow pays the price.
85,000 is the iron ceiling. BTC has dropped 30% year-to-date over 52 weeks, but its market dominance actually rose to 60.1% — altcoin money is still flowing into the big coin, the winter for small coins has no end in sight. Strategy will release its Q3 earnings tonight; with holdings over 850,000 coins, this giant whale’s every move is a barometer.
South Korea’s "crypto tax" has been delayed again and again, MBC directly criticizes it as "tax policy credibility in the gutter." The SEC has listed tokenization as a key review focus for 2027 — regulation isn’t blocking, but it’s paving the runway; compliance is the endgame.
In short: Fed standing still is bearish, ETF money comes in and goes out threefold, 85,000 is the iron ceiling pressing down, altcoins continue to await death — tonight’s Strategy earnings report will show if the whale gives any direction
#闪迪存储业务高增长能否延续？ $BTC $ETH 比特币短线偏多，但已经贴到近期区间上沿，这个位置追高不划算。以太坊跟着走强，可成交薄，冲高后先防回落。觉得分析有帮助，记得点个关注、点个赞，你的支持就是我持续更新的最大动力。 比特币近12小时低点在79,783.30，高点在81,641.00。比特币是从区间下沿一路顶到上沿的，主动买盘确实占优。但拆开看，买盘里很大一块是减空，不是新开多；个别地址冲高初期还在加多，价格贴近上沿后转成减多、加空。涨是真的，推力却偏空头回补，上沿附近已经有人不愿再追。所以我短线偏多，但不追这个位置，更想看回踩有没有人接。媒体报道标题把拉升归到美国经济数据上，这只能解释情绪，解释不了上沿的卖盘。 以太坊近12小时低点在2,305.06，高点在2,366.80。以太坊的买盘占比更漂亮，可成交笔数和金额都小得多，薄的地方就在这儿：几笔就能把比例拉高，说服力不如比特币。价格也贴到近期上沿，跟涨不弱，但我不会因此说它比比特币更强。以太坊这边还缺公开观点那一层，只能看成交，把握本来就低一档。那笔动作不明的大额卖出说明不了方向，不拿它当理由。短线跟着偏多，冲上上沿后回落的风险，会比比特币来得更快。 接下来看冲上上沿后能不After the Federal Reserve's decision was announced, the market did show some improvement. BTC touched around $81,000 again, and ETH hovered around $2,350. $BTC $ETH $SNDK
It looks like a recovery, but the structure is uneven when broken down. ETF funds are starting to return to BTC, while ETH continues to bleed, indicating it's not a broad rally.
On the contract side, short-term shorts were swept, but derivatives mostly saw position closures and turnover, with no signs of aggressive new positions. It's still wise to be cautious when chasing breakouts.
In sectors, privacy coins, AI ecosystems, and BTC base layer upgrades are more active. Zcash and Monero have performed well recently, and KuCoin has also joined SkyAI.
Next, focus on two key levels: whether BTC can hold above 81,000 and retest the 84,000 to 87,000 range; and whether ETH can reclaim the $2,420 resistance. On the macro side, tech earnings and ETF fund flows will directly determine the next move.
Right now, it feels more like a consolidation and recovery phase, not yet a confirmed reversal. #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 #Strategy财报前瞻：BTC账面收益大幅反弹 $HYPE
While others are still debating whether the bull market is still alive, HYPE has independently forged its own trend. It surged over 17% in 24 hours, currently trading around 93.9 on OKX, having jumped straight from the daily low of 78 to 94—a solid, strong bullish candle. When the entire market is falling, this kind of move definitely has a reason.
First, a dose of cold water. I don’t believe in rallies without cause; the easiest way to get trapped is to chase after a rise and then look for reasons. Looking at the market, the contract funding rate is still positive but not at an extreme level, indicating this rally is relatively healthy and not purely leveraged. Open interest is about $130 million, rising along with the price, showing volume and price are aligned, which is stronger than those pumps that quickly fade.
On the news front, there’s a detail: HYPE’s treasury company PURR also rose 16%. Treasury stocks moving in tandem with the main coin usually means someone is pushing an ecosystem narrative. Recently, RWA and on-chain treasuries have been hot topics; the Bank of England just launched consultations on tokenized collateral clearing, Chainlink rolled out 24/7 RWA data services, with Aave as the first adopter. Capital is flowing in this direction, so it’s no surprise HYPE is benefiting.
But at this level, I’m not chasing. The 17% profit cushion is there, and short-term profit-taking could hit anytime. If you want to get in, better wait for a pullback to the 88-90 range to see if it holds. For coins that independently strengthen like this, only buy on a pullback that doesn’t break key support; chasing highs just props up others. Save your ammo; there will be plenty of opportunities.
#美国9月核心PCE升至3.1%，加息预期仍高 On October 22, JPMorgan Asset Management announced that its two tokenized money market funds, MONY and JLTXX, launched on Solana, available to eligible U.S. investors. Previously, both funds were only on Ethereum; MONY was issued in December last year, and JLTXX in May this year. After this, JPMorgan has tokenized cash products on two public blockchains.
MONY is a private placement product with a minimum investment threshold of $1 million and a fee rate of 16 basis points. JLTXX is a U.S.-registered government money market fund designed for stablecoin issuers to manage reserves, corresponding to the U.S. GENIUS Act.
On October 28, Hong Kong's Mirae Asset Securities issued tokenized financing notes on Solana to institutional investors, reportedly 6-month USD floating rate notes.
Earlier, BlackRock and Franklin Templeton placed tokenized funds on Solana in 2025; Visa settles with U.S. banks on this chain using USDC, and Western Union also issued its own USD token on it.
In these cases, actual use of SOL is limited; issuance and settlement are conducted in USD and stablecoins, with SOL appearing in fees and staking. These products target institutions, distinct from retail investors trading on terminals. $SOL HORMUZ REOPENING TALKS PUT OIL TRADERS ON ALERT
Any credible plan to restore shipping through the Strait of Hormuz could influence global oil prices.
The route is a critical energy corridor, so disruptions can raise supply concerns and increase market volatility.
But headlines alone aren’t enough. Traders will be watching for concrete progress, shipping activity and changes in supply conditions before pricing in a lasting recovery.$BTC
BTC has climbed back above 81,000 today, with OKX currently around 81,600, up just over 1% in 24 hours. Honestly, I’m not surprised by this rebound, but what really has my attention isn’t the price—it’s that Strategy is releasing its earnings report tonight.
848,500 BTC on the books, with an unrealized gain of about 4 billion USD. That number sounds impressive, but break it down yourself: with the average cost set, if the coin price drops further, those unrealized gains will quickly turn into losses. When the earnings report drops, the market’s main concern won’t be how much they made, but whether they still have enough capital to keep buying. The previous strategy of issuing convertible bonds to accumulate coins can’t keep going once the interest rate environment changes.
Another thing I’m watching tonight is Franklin Templeton, which launched two mixed ETFs of US stocks + BTC, with an initial BTC exposure of only 5%. That 5% is interesting—it shows big money wants some exposure but isn’t ready to go all in, testing the waters with a small slice first. Institutional money’s real cash commitment is much more reliable than influencers shouting trade calls.
My own judgment: treat this rebound as a short-term oversold bounce; don’t rush to call a bull market return. There’s significant resistance from trapped positions around 82,000-83,000, and without volume support, any rise will just give shorts a better entry point. I’ll hold my long positions but won’t add more at this level.
#美国9月核心PCE升至3.1%，加息预期仍高 AMAZON’S NEXT GROWTH TEST: CAN AWS KEEP ACCELERATING?
Amazon’s Q3 AWS outlook is a key focus for investors watching the AI cloud race.
Businesses need more computing capacity to build and run AI applications, creating opportunities for cloud providers. But infrastructure spending, competition and profitability remain important factors.
The next earnings details could reveal how much of the AI boom is translating into real business growth.#Meta financing increased to $97.5 billion, Nvidia subscribed for $3 billion Meta has raised the total financing cap to $97.5 billion, with funds mainly directed towards AI computing infrastructure, Muse intelligent agents, and other projects. Nvidia invested $3 billion to participate in the subscription, forming a deep industrial partnership between the two parties.
From a positive perspective, the massive financing replenishes Meta's ammunition in the AI arms race, eliminating the need to rely solely on operating cash flow to bear high capital expenditures. Nvidia's equity participation also indicates that industrial capital is optimistic about Meta's AI strategy. Meta can prioritize securing GPU supply, while Nvidia locks in large downstream procurement orders, achieving mutual synergy.
Risks should not be ignored either. Large-scale equity issuance will cause dilution of shares, suppressing returns for existing shareholders. The market also worries that this supplier-investor customer model may form a "circular transaction," and if AI demand declines, both parties' performance and equity investment value will be pressured simultaneously. At the same time, AI infrastructure investment is huge with a long return cycle, and it remains uncertain whether computing power investment can be converted into revenue and profit.
In the short term, this is more of a strategic layout, with subsequent focus on tracking Meta's computing power deployment progress and AI business commercialization performance. Securing funds does not equal winning the competition; ultimately, it depends on the profitability realization capability of AI products. $BTC $ETH $ZEC STRATEGY’S BITCOIN BET REMAINS IN FOCUS
Strategy’s Q3 Bitcoin gains are back in the spotlight as investors assess its exposure to $BTC.
The company’s performance is closely tied to Bitcoin’s price movements, making market volatility a major factor in its results.
For investors, the important question is how Strategy manages its Bitcoin position through both rallies and corrections.Gold at 4000 dollars, Bitcoin at 80,000 dollars, both playing dead
$XAUT is tokenized gold, 4020 dollars, down 0.49%.
$BTC at 80191, down 0.45%. Both are "safe-haven assets," playing dead together today. Interestingly, their correlation has been increasing over the past two years. Previously, calling Bitcoin digital gold had a bit of self-promotion in it, but now with gold hitting new highs and BTC hovering around 80,000, investors really treat them as water in the same pool.
$SOL is the counterexample in this group, at 100.4 dollars, down 0.65%, still fluctuating around the 100-day moving average. Risk assets are risk assets; when macro conditions tighten, they get cut first.
The takeaway from this group is simple: the market is now split into two camps, one buying certainty (gold, BTC), the other betting on volatility (altcoins, SOL). The middle ground suffers the most, unable to keep up with gains and unable to escape losses. 【BTC PA｜4H/1H】
Structure: 4H = RANGE, 1H used for support, resistance, and confirmation.
Support: 80,397.14–80,867.61 USDT.
Resistance: 81,585.39–81,823.00 USDT.
Time: Beijing Time 2026-10-29 23:40 / UTC 2026-10-29 15:40.
Risk: Structure may fail; this article is for market research information only and does not provide buy or sell instructions.
$BTC $SOL is at a critical crossroads
Look at the technicals :
🔹 It completely failed to reclaim a major support level that has now flipped into heavy resistance.
🔹A return to $100 would confirm we are stuck in this trading range.
🔹Spot ETF flows have been in the red for the last 7 days
The short-term chart looks heavy
Long term massive bullish IMO$ETH family, Ethereum current price is 2358, opportunities often hide in the volatility. From the chart, it previously dropped steadily from the high of 2526 to around 2281 before stabilizing, now it is in the oversold recovery phase. Short-term moving averages are starting to turn upward, and the price is hovering above the middle band of the Bollinger Bands, indicating bulls are tentatively exerting strength. EMA short-term signals are bullish; however, EMA120 is still pressing down from above, which is a key medium-term resistance. MACD's DIF and DEA formed a golden cross below the zero line with the red bars moderately expanding, indicating rebound momentum is accumulating but has not yet reached a strong zone. After the Bollinger Bands contracted, the price stands above the middle band at 2342, with the upper band at 2383 as the next target and the lower band at 2283 as strong support. Overall, short-term bulls dominate, but medium-term remains suppressed; a breakthrough above 2370 is needed to confirm a trend reversal.
Long position strategy:
Aggressive: Light long position at current price 2356, stop loss at 2330, target 2370, if broken through, look to 2383.
Conservative: Buy on pullback to 2340-2345 if stable, stop loss at 2325, same target as above.
Short position strategy:
Not recommended for now. If price surges to 2370-2380 and stalls or leaves a long upper shadow, light short positions can be tried, stop loss at 2390, target back to 2350.
Risk control reminder:
In a volatile market, keep position size strictly within 30%, reserve cash waiting for breakout confirmation #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 I finally understand whose hands I died in — the short whales ran away first.
Today's on-chain data slapped me hard: the number of $ZEC short whales dropped from 212 to 124, their positions shrank from 135.7 million to 76.9 million, the average cost is already below the current price, with an unrealized loss of 4.7 million, a typical passive position reduction.
Smart money quickly flipped to 78% long, while retail only has 39% longs, a clear divergence. There is still a $18.3 million liquidation cluster waiting to be swept in the $1442-1463 USD range above.
In other words, when I shorted ZEC, the real short main force was secretly closing positions, leaving only small retail traders like me stubbornly holding on. The short squeeze pushed the price up, and I became the last batch of fuel.
$ETH is even more painful. The giant whales sold 160,000 ETH, worth 348 million, the $2000 level is in danger. I stubbornly held a 100x long near 2300, basically standing in the giant whales' selling channel catching flying knives.
Crude oil $CL, sigh! I don't even want to mention it, I've been holding on for so long....
So the question is: when the short whales have all fled, do you still dare to short? I really don't dare anymore.
#美国9月核心PCE升至3.1%，加息预期仍高 ZEC、TRUMP、BOME各走各路，现在更像事件重定价的等待期，不是追涨阶段。 你手里那点仓位，是在赌消息，还是在赌情绪先动？ 今天看这三只，感觉挺微妙的。ZEC在1285附近，链上大额转账在变多，但交易所充值提现还没跟上。这个背离比价格本身更有意思，说明有人在链上挪仓，却还没把筹码搬到台面上。匿名币有个老规律：监管收紧时它容易逆势弹，监管松下来反而泄气。现在两头都没落地，市场其实在提前交易"监管预期"这件事，而不是交易已经发生的事实。偏多的一面是，只要合规风向稍微转硬，ZEC会有情绪溢价；风险在于，这种溢价来得快退得也快，链上动作没转成交易所流入之前，追高容易接在预期尾巴上。 TRUMP在1.70，政治 meme 的节奏完全看人物曝光。它没有财报，合约供应固定，这几天交易所间价差比上周窄了，说明撮合深度有改善，但这不是基本面变好，只是交易摩擦小了。真正的变量在外部事件：人物上头条，量价一起跳；安静一周，成交就塌。现在这个位置更像博弈区，不是趋势区。偏多逻辑是事件一来弹性极大，风险是事件空窗期里持仓成本会磨人，而且这类标的的情绪退潮往往比山寨整体更快。 BOME在0.000633，今OKX teams up with ICE and Tradexyz to bring perpetual contracts into the regulated US market, combining distribution, institutional infrastructure, and on-chain innovation—this lineup is quite substantial. A more open 7x24h market, worth looking forward to. @OKX中文 @OKX星球 #OKX、ICE与Trade.xyz联手，推动永续合约进入美国合规市场 As soon as the plastic cover of the grain storage was lifted, a wave of heat surged up—the grain piles of SanDisk this season look promising, but the weights on the scale haven't stabilized yet; the real test will come after the market closes. After the U.S. stock market closes on October 29, SanDisk will report its first quarter of fiscal year 2027, previously guiding quarterly revenue between $10.3 billion and $10.8 billion. From the field perspective, this looks like a smooth fertilization period: intelligent computing data centers are eagerly consuming storage, and the price of flash memory chips is climbing like fertilizer being applied. But experienced farmers know that thriving seedlings don't necessarily mean heavy ears; high grain prices don't necessarily mean a full wallet. You have to consider seed money, land rent, storage losses, and the grain trader's scale.
The storage business also follows four seasons: the rise in computing demand is spring plowing, production line ramp-up is summer cultivation, chip price increases are autumn harvest, and channel inventory buildup is winter storage. Right now, the field is bustling with voices all focused on the ear emergence, but whether the old grain has been cleared, costs locked in, yields stable, and cash flow quick—these are the real keys to the harvest. Don't underestimate the old grain in storage; if chips bought at high prices last year are still in inventory, even if new grain is in demand, the old debts must be settled first. When production lines open, it's like opening floodgates; closing them isn't so quick. Supply always lags demand by half a beat.
Will the irrigation water from the neighboring $xINTC field overflow here? You can't just listen to the water sound; you have to see if the water reaches the roots: foundry, packaging and testing, modules, controllers, channels—if any segment leaks or runs inefficiently, the linkage is just a local breeze. Intelligent computing centers require high capacity, high reliability, and low power consumption storage—not just scattering seeds randomly expecting sprouts; contract prices are the grain station's listed prices, spot prices are the market's shouted prices, and the two scales don't weigh the same. SanDisk provides the acreage, but profit is the weight of the ears; computing demand is the long canal, flash price increases are fertilizer application, but overdoing it can burn the seedlings.
The market pins its harvest expectations on that night after the close, but experienced farmers crouch down to check the soil moisture: inventory turnover, contract prices, capital expenditure, yield—if any of these are weak, no matter how high the grain piles are, they will rot in the warehouse. This season's accounts are not in the lively market square but in the layer of humidity behind the warehouse door. #sandiskq1storagegrowth #AWS computing power demand is strong, what are the highlights of Amazon's Q3 earnings? The market's core focus is on AWS revenue year-over-year growth to verify whether the high momentum of AI computing power can continue. Although customer computing power orders are full, with much capacity already booked through 2028, the large-scale expansion of data centers brings high depreciation and electricity costs, which will continue to squeeze operating profit margins. It is important to watch whether revenue growth and profit margins can be realized simultaneously or if there will be a situation of "revenue growth without profit growth."
✅ Progress of self-developed AI chips landing
Focus on tracking revenue and customer deployment cases of Trainium training chips and Inferentia inference chips. Self-developed chips are key for AWS to reduce costs and dependence on externally purchased GPUs. Their price advantage can attract a large number of enterprise customers and is an important chip for AWS to differentiate its competition. The earnings call will disclose cluster deployment scale and customer feedback.
✅ Capital expenditure and free cash flow
AI computing power belongs to a heavy asset track, requiring large capital investment in servers, electricity, and data center infrastructure. High CAPEX will suppress free cash flow. It is necessary to observe the scale of capital expenditure this quarter and the management's guidance on subsequent investments to assess how long it will take for huge investments to convert into stable returns and to judge investment efficiency. Electricity supply is currently a major bottleneck for computing power expansion; even if orders are secured, insufficient power supply will slow down capacity release pace. $BTC $ETH $ZEC #OKX, ICE, and Trade.xyz join forces to promote perpetual contracts entering the compliant US market. In this tripartite cooperation, ICE (the parent company of NYSE) is responsible for market operations, Trade.xyz provides on-chain perpetual contract technology, and OKX handles retail user distribution. The plan is to build an independent trading and clearing system in the US, launching 7×24-hour perpetual contracts covering categories such as crypto, stocks, and commodities. This marks an important step for perpetual contracts toward the US compliance track.
From a positive perspective, ICE has mature traditional exchange qualifications and regulatory communication experience, which can reduce compliance filing resistance; OKX has rich experience in derivatives trading operations and user resources; Trade.xyz provides on-chain underlying capabilities, complementing each other's strengths. Once implemented, US domestic investors can participate in perpetual contracts within the regulatory framework, with a large influx of incremental funds expected to enter, bridging TradFi and on-chain derivatives markets.
However, obstacles are also evident. The US CFTC strictly regulates leveraged perpetual contracts, with long license approval cycles, and rules on leverage, risk control, and investor protection remain uncertain. Perpetual contracts inherently carry high leverage and high volatility, and regulators have many concerns about protecting retail investors from risks. Meanwhile, market competition is fierce, and other derivatives platforms are also laying out compliance tracks.
In the short term, the project is still in the promotion stage, with many hurdles before official launch. Follow-up focus will be on CFTC approval progress, risk control and leverage restriction details, and the product launch timetable. $BTC $ETH The pawn structure has already pushed to the opponent's second rank, yet the king hesitates on the rear wing—Intel's Q3 earnings report is like a midgame assault pressed by the clock. Revenue in Q2 rose by a quarter year-over-year, equivalent to securing a passed pawn in a complex endgame; the Q3 guidance of 15.8 to 16.8 billion outlines an acceptable path for the pawn formation. But a grandmaster doesn't focus on individual pawns, but on piece coordination: can the data center continue to control the central squares, and can the foundry losses shift from a constrained weak pawn to a tactical piece that can be sacrificed or exchanged?
18A and 14A are not ordinary process nodes; they are two open lines leading to promotion squares. Once these open lines are constrained by capital expenditure and yield, even a seemingly strong pawn structure can turn into a bad bishop facing a good knight. The foundry business currently resembles a sacrificial attack: sacrificing profits to seize future customers and production capacity influence; but what does a sacrificed piece fear most? The absence of a subsequent checkmate. If data center growth only satisfies short-term computing demand and foundry losses continue to widen, this sacrificed piece will degrade from a tactical combination to an uncompensated leak.
XCRCL, this linked piece, acts more like the opponent's response: it won't automatically promote just because revenue looks good; it targets the king's wing weakness—foundry losses, capital expenditure, and process rhythm. On the board, Intel's central pawns are solid, but the rear wing is leaking; if 18A progresses on schedule, the passed pawn threat is real; if yield and orders strike suddenly, the king's fortress will be breached immediately. The truly profitable player doesn't play move-by-move but calculates the position twenty moves ahead before placing a piece. The key here is not the 25% year-over-year growth in Q2, but whether the Q3 guidance can compress foundry losses into an acceptable endgame and whether 18A can promote before the opponent completes the encirclement.
My judgment is cold: the decisive move in this game is not in the revenue figures but whether foundry losses will pry open the king's fortress before 18A completes promotion. #intelq3terafabfoundry#Coinbase integrates Deribit, can Q3 revenue improve? I believe the real focus of Coinbase's Q3 earnings report is not just whether trading revenue can rebound, but whether the derivatives business can become a new growth engine. 1️⃣ Revenue structure is changing Traditional crypto exchanges' revenue heavily depends on spot trading; revenue grows significantly when the market is active but is easily pressured during downturns. Deribit holds a strong market position in crypto options, and after integration, it is expected to help Coinbase further expand its options, futures, and other derivatives business, reducing reliance on single spot trading revenue. 2️⃣ Key indicators for Q3 revenue improvement • Trading revenue: whether market volatility and trading volume can drive fee recovery. • Derivatives business: whether Deribit can contribute more trading volume and fee income. • Subscription and service revenue: whether it can provide more stable support for overall performance. 3️⃣ The real highlight is business synergy Acquisition does not mean immediate profit realization. Integration costs, business synergy efficiency, and competition in the derivatives market will all affect the final performance. My view is that Coinbase's long-term logic is shifting from a pure crypto trading platform to a comprehensive platform covering spot, derivatives, custody, and on-chain financial services. In the short term, focus on Q3 performance delivery; in the long term, focus on revenue structure upgrade. If the derivatives business continues to scale, Coinbase's valuation logic may further open up; but if$SUI Retraces to 0.9 Chip Base: Major Support Still Intact, Blindly Shorting Has Extremely Low Risk-Reward Ratio
As SUI fell from the high of 1.29 down to around 0.93, combined with the stagnation of mainstream coins at high levels, bearish sentiment in the market has heated up again. However, judging solely from the chip accumulation and absorption strength at the bottom of the chart, blindly shorting at the current position has a clearly limited risk-reward ratio.
The core support lies in the very solid chip dense area below. From August to mid-September, $SUI maintained a full turnover for one and a half months in the 0.63 to 0.85 range, building the strongest chip base in nearly half a year. Currently, the daily MA99 (0.86) and weekly MA25 (0.85) form a technical resonance right at the upper edge of the chip peak. This round of decline shows a clear volume contraction characteristic, quickly retracting after probing 0.898 intraday, overall leaning more towards a volume-shrinking pullback confirmation after a breakout.
On-chain capital performance also confirms this structure. Unlike the large-scale main force coin inflows and distributions at the end of September peak, recent price retracement near 0.9 has seen continuous net withdrawals and locking on the spot side, with genuine buying support consistently absorbing at low levels.
Constrained by the high-level oscillation of the overall market, the altcoin sector is unlikely to have an independent explosive rally in the short term; 0.85 remains an absolute defensive line that bulls cannot break. Facing the solid chip base near 0.9 and spot withdrawal signals, are you willing to back your judgment with your own stake? The $30 trillion load-bearing layer is being poured, but the construction team has only received 34 sample columns. DTCC launched tokenization services on October 28, with a qualified asset pool of about $30 trillion, initially releasing only 34 stocks, ETFs, and government bonds—this is not the cap, it's just the piling. Twenty institutions have signed access agreements, including JPMorgan and Citibank, which is equivalent to the structural acceptance party signing off first, but whether the load-bearing walls on the blueprint can withstand the actual load depends on subsequent construction.
I have seen too many beautiful renderings die on the concrete grade at construction sites. The core process this time is 1:1 backed casting: securities held by DTC are converted into an equal amount of tokens, with original rights fully preserved, and 24/7 uninterrupted transfer. This is equivalent to adding a prefabricated shell outside the original steel structure, with the internal aggregate unchanged and the exterior facade detachable and replaceable. First connecting to Canton and private Besu networks, with public chains to be connected later—this is a typical segmented construction logic of waterproofing the basement first, then doing the above-ground fine decoration, the sequence is correct.
But please focus on structural redundancy. Tokenized US stock assets like $xHOOD are the model rooms in this round of construction; no matter how fancy the linkage logic is, it’s just the seams of the exterior wall decoration. What really determines whether this building can stand are three things: first, whether the 1:1 backed custody wall has cracks, whether the mapping relationship between tokens and underlying securities is cast integrally or post-installed; second, whether the flow of settlement and collateral management is unblocked—if 24-hour transfer is just a new access control system but the internal pipelines are old, that’s renovation, not reconstruction; third, if Canton and Besu work surfaces start simultaneously, poor handling of cross-chain expansion joints will cause the curtain wall to tear directly due to later settlement.
When I monitor a project, I never look at renderings first; I look at the foundation survey report and construction organization design first. DTCC’s site is a prime location, the $30 trillion certified assets are the load-bearing layer, and the twenty institutions are the first batch of rebar cages. But from piling to delivery, there are foundation pit support, dewatering, and temperature control of large-volume concrete pouring in between—any shortcut in any process will cause stress concentration in the collateral management transition layer of this tokenization building. The actual adoption rate is the concrete test block; we have to wait for the 28-day strength report to know if the grade is sufficient.
Now everyone is counting the linkage multiples of the 34 assets, which is like an outsider looking at how high the scaffolding is built. Insiders only ask one question: for these $30 trillion of existing assets, have the anchoring nodes of the 1:1 casting undergone pull-out tests? No matter how transparent the model room is, we have to wait three years after the first batch of residents move in to see if the foundation has uneven settlement. #dtcctokenizationlive$JUP is associated with Jupiter’s trading and DeFi ecosystem on Solana. For decentralized trading platforms, the strongest long-term signals include execution quality, competitive pricing, liquidity access, and repeat usage. Investors should distinguish the success of an application from the direct economic value captured by its governance or ecosystem token.BTC recovers to 81,000, with a broad market rally, but don’t be fooled by the gains — the underlying tone of this rebound is funds clustering together amid extreme divergence.
$BTC: $81,663. BlackRock IBIT saw a net inflow of $151 million in one day, propping up the market, but the FOMC held steady with a hawkish stance, leaving macro pressure unresolved. 80,000 is the ETF cost red line, and above 82,000 is a previous dense trapped zone; without volume, it’s hard to break through.
$ETH: $2,366. Passive follow-up gains. Spot ETFs have bled for three consecutive days, with BlackRock’s ETHA leading outflows; October’s cumulative outflow is approaching a monthly record of $1.3 billion. 2,400 is the touchstone; the capital side is the weakest among the three major mainstreams.
$SOL: $102.45. The hundred-dollar mark is repeatedly contested. Although ETF outflows this month near $100 million, the worst on record, institutional on-chain tokenization efforts by Visa and others continue, and the ecosystem narrative still provides support, showing resilience.
Summary: Money is still in the market but only willing to buy the most certain assets. BTC relies on institutional accumulation, ETH continues to bleed, and SOL holds on by storytelling. Under the macro tightening spell, this is a partial recovery, not a full trend reversal.
#美国9月核心PCE升至3.1%，加息预期仍高 On the radar echo map, a polar cold high pressure system from the Atlantic is forming a shear line with the warm and humid Pacific airflow over New York — this is not a weather warning, but the first coupling front formed in the U.S. regulatory airspace between traditional financial infrastructure and crypto derivatives. ICE, as the parent company of the New York Stock Exchange, has a stable stratification resembling a thick, slow-moving polar cold high; while the leading crypto derivatives platforms carry high-leverage perpetual contract moisture, advancing northward like warm and humid airflow. On October 29, the two formed a clear frontal cyclone prototype: Trade.xyz is responsible for establishing independent trading and clearing infrastructure, equivalent to setting up dual-polarization radar in the wind shear zone to monitor the vertical wind profile of every position in real time; the joint venture acts like a typhoon landfall point, where retail users are in the outer spiral rainbands, first experiencing gusts of product reach rather than the core wind circle.
The linkage mechanism of the $xSPCX US stock token should not be overlooked. It is like an area of anomalously high sea surface temperature, continuously supplying latent heat to the storm system — when the US stock spot market experiences changes in pressure gradient force, volatility on the token side propagates outward as gravity waves, with a clear transmission path but attenuation coefficient depending on the thickness of the regulatory-approved boundary layer. Current forecast models show a distinct inversion layer in the approval process: any unsigned license acts like a blocking high pressure, potentially cutting off the vertical channel of updrafts. ICE, as the exclusive operator, is like deploying a radiosonde in the cyclone center, with each set of clearing data correcting the ensemble forecast path.
From a weather cycle perspective, this is not an isolated single thunderstorm but multiple vortices interacting within a monsoon trough. The entry of perpetual contracts into regulated markets is like guiding a tropical cyclone into a temperate frontal zone — energy does not disappear but redistributes. Retail users accessing through the joint venture are like the easterly jet on the typhoon’s periphery, bringing precipitation (liquidity) first, then determining whether an eyewall replacement (product iteration) occurs. The linkage depth of $xSPCX depends on the potential height difference between the two systems: if a blocking pattern appears on the US stock spot side, the token side will be forced to detour, and the volatility surface will steepen like a squall line front.
Monitoring should focus on three parameters: first, the probability density function of regulatory approval, currently bimodal with a broad peak corresponding to delays and a narrow peak to releases; second, the vertical velocity field of clearing infrastructure, whether Trade.xyz’s independent architecture can bear the latent heat release of high-leverage positions; third, the boundary layer thickness of retail access, whether the joint venture will form a low-pressure trough on the user side to attract capital inflows. Any of these parameters exceeding thresholds will cause forecast path deviations.
When the pressure gradient force is large enough, any front will erupt — but the current ensemble forecast only provides a 72-hour window, and the subsequent path depends on when the yet unsigned regulatory high-pressure ridge moves eastward. Radar echoes have already shown hook-shaped features; this is not a training ground, this is live action. #okxicetrade.xyzperps$PYTH highlights the importance of accurate market data in decentralized finance. Smart contracts need dependable price information to support trading, lending, and risk management. As on-chain financial products expand, oracle quality becomes increasingly important. Data accuracy, update frequency, resilience, and integration demand are essential factors to evaluate.$SEI competes in the fast-moving Layer-1 blockchain sector, where technical performance alone rarely guarantees lasting adoption. The more meaningful question is whether applications can attract returning users and sustainable liquidity. Developers, transaction reliability, ecosystem incentives, and real economic activity can help distinguish durable growth from temporary attention.$BCH is down 1.85%, suggesting notable selling pressure in this snapshot. I’d watch for a weak bounce into resistance followed by renewed selling and volume confirmation.
Signal: SHORT (conditional)
Entry: 283.90
SL: 286.74
TP1: 281.06
TP2: 278.22
TP3: 275.38
If price reclaims resistance with strong volume, I’d avoid forcing the short.$65 per share, $17 billion, DoorDash officially acquired Instacart today, but the stock price of the acquired company actually dropped.
The agreement was signed today: at least 75% cash, up to 25% stock, with JPMorgan providing a $13 billion bridge loan.
The deal closing is expected by the end of 2027 or the first half of 2028, during which both companies will operate independently and keep their branded apps.
Antitrust is a clear risk: if the deal is blocked due to antitrust issues, DoorDash will pay a breakup fee of up to $1.25 billion; Instacart will pay $650 million if it backs out.
The market's initial reaction is split: DoorDash's pre-market price rose about 7%, while Instacart's stock once fell to $57.51, still far below the $65 acquisition price.
This price gap reflects doubts: the closing will take more than a year, and the FTC demanded both companies disclose pricing and rider compensation within 45 days the day before.
On the same day, DoorDash also released Q3 results: revenue of $4.62 billion, up 34% year-over-year, and 993 million orders, up 28% year-over-year, providing a foundation for the deal.
I think the buyer is rewarded first—not because the grocery basket is valuable, but because the synergy story is established; the deal could fail if antitrust drags past the first half of 2028 or if DoorDash leverages more for financing.
Which side are you on: buying a bargain in the fresh food sector or paying $17 billion for an antitrust target?
$DASH
#FoodDeliveryGiantSwallowsFreshPlatformFor17BThe tanker traffic through the Strait of Hormuz has dropped to 82% of pre-war levels, averaging about 14 million barrels per day. Commercial ship traffic has been halved from more than 20 vessels per day to fewer than 10. Since early October, there have been about 30 ship attack incidents in this waterway and surrounding areas, accounting for 20% of all attacked ships during the entire conflict. Oil is still flowing, but the cost per barrel for passage has multiplied several times. The real focus is not on the oil price itself, but on how it transmits upstream. Freight rates for ultra-large crude carriers to Asia are approaching the record range of $37.37 per barrel, and war risk premiums have surged from less than 3% to as high as 10% of the vessel's value. Brent crude is around $113.88 today, WTI near $99.90, briefly dipping below $100 intraday before rebounding. Oil prices above $100 mean that energy inflation is truly permeating core inflation, the Federal Reserve's rate cut space is locked by oil prices, and the valuation denominator of risk assets is suppressed by U.S. Treasury yields — the 10-year U.S. Treasury yield is fluctuating near 5%, reaching a new high of 5.365% on October 7, the highest in 24 years. This constitutes the biggest difference between this round and the previous four geopolitical conflicts. At the start of the 2022 Russia-Ukraine conflict, BTC fell 8% and rebounded 14% four days later; during the 2023 Israel-Hamas conflict week, it dropped 6% and rose 40% after 30 days; on the day of the 2025 India-Pakistan conflict, it fell 3% and recovered the next day; in February 2026, after the U.S.-Israel airstrike on Iran, it first dropped 6% then rebounded 17%. The four scenarios are similar, and the four recoveries share the same premise: energy supply was not truly#美国9月核心PCE升至3.1%，加息预期仍高 Important event milestones to watch in the coming month. OKX BTC 24-hour liquidation heatmap core data analysis, ample liquidity for liquidations both up and down, sweeping back and forth, the market makers are ruthless!!!
The more yellow-green the color, the higher the stacked liquidation liquidity at that price level; purple indicates sparse liquidation volume.
Liquidity above
82070 is a highlighted yellow dense liquidation zone, where short stop losses are concentrated; above that, 83439 and 84933 have multiple layers of liquidity stacking. If the price continues to break upward, it will trigger short liquidations in this range, helping the market to surge.
Liquidity below
79331 is the core highlighted yellow area, where long liquidations are concentrated; further down, 77962 and 76593 are secondary long liquidation zones. When the market moves down, this is a key support area where longs are heavily swept.
Current price position
The current price has risen to around 80701, situated between the two major liquidation clusters above and below, with a large number of strong liquidation orders waiting to be triggered on both sides.
Market logic
Within the current range, both long and short liquidity are heavily stacked. Once a direction is chosen, rapid spikes and liquidation-driven acceleration of the market are likely, with a high probability of bidirectional liquidations during the consolidation phase.
For market review reference only, does not constitute any trading advice #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 #Strategy财报前瞻：BTC账面收益大幅反弹 $BTC $ETH $ZEC I am the mid-term intelligence guy.
A pause in rate hikes is not a positive signal; $BTC surged then pulled back. The Federal Reserve maintained rates at 3.75%-4.00%, with a 10:2 vote, two members favored a hike. The economy is strong and inflation remains high, with December rate hike expectations rising to 86%.
Macro performance is mixed. The S&P rose 0.3%, the dollar retreated, but the 10-year US Treasury yield remains near 5.05%, and crude oil is close to $99.9. The stock market holding up does not mean liquidity is easing; high interest rates and energy inflation persist.
BTC peaked at 81,675 before falling back to 79,790. In the short term, 80,000 is support, and 81,700-82,400 is the resistance zone.
$ETH fell back to around 2,300, with a larger drop than BTC, showing weak follow-through.
This pause was priced in early; December is the main event. The crypto market is temporarily viewing this as a rebound, not chasing longs, remaining cautious.
$SOL
#美联储维持利率不变，12月加息分歧升温 The French Senate has passed a bill in the first reading authorizing tax authorities to automatically exchange cryptocurrency transaction data with foreign institutions, using the OECD's CARF standard. Overseas exchange accounts, transfer records, and earnings of French residents are no longer matters known only to themselves.
The second shoe is even more worth watching. On October 16, the National Assembly passed an amendment proposing to tax gains converted into fiat-pegged stablecoins starting in 2027. Note this design: realization is not only upon sale; converting into stablecoins like USDT also counts. Many people think that converting to stablecoins avoids volatility and taxes, but this rule plugs that loophole.
France had previously passed a finance bill implementing DAC8, requiring crypto service providers to report customer data. Now, both legs are moving together: one regulates service provider reporting, the other governs cross-border information exchange.
What does this mean for ordinary holders? Compliance costs will be passed on to fees; the money exchanges spend building reporting systems ultimately comes from transaction fees. The period when on-chain assets relied on "nobody can find out" is basically over. Funds will flow more concentratedly toward mainstream assets with clear regulation and the best liquidity, with $BTC and $ETH benefiting instead.
The wind is not only blowing in France. CARF is an OECD global framework, and dozens of jurisdictions are following suit. Once truly implemented, cross-border arbitrage and tax avoidance will become increasingly difficult.
Tax is a cost, not a ban. Those who understand the rules can still find their place within them.#US-Canada Stablecoin Regulation Advances, Community Banks Invited to Participate US and Canada are synchronously advancing stablecoin regulation implementation, with regulatory agencies extending an olive branch to community banks, allowing them to participate in stablecoin issuance and custody services, breaking the previous participation pattern dominated by large banks and leading crypto enterprises.
Community banks inherently have mature KYC and anti-money laundering risk control systems and deeply serve local small and micro clients. They can bring stablecoin payment and cross-border settlement services to lower-tier markets, broadening stablecoin application scenarios. The mass entry of licensed institutions will also enhance market trust in stablecoins, accelerate the integration of traditional finance and crypto sectors, and benefit the long-term development of the RWA sector.
However, challenges are also prominent. Community banks are relatively small in scale; building blockchain systems, assembling risk control teams, and maintaining sufficient reserve assets will incur high costs. In the event of concentrated redemption runs, regional banks have weaker liquidity risk resistance compared to large banks. Meanwhile, regulatory details differ between the US and Canada, and cross-regional business will face compliance frictions.
In the short term, large-scale implementation still has barriers and is more of a regulatory pilot attempt. In the long term, stablecoin supply entities will become more diversified, but ongoing observation of license application progress, reserve asset regulations, and actual business implementation is needed. $BTC $ETH $SOL Let me explain my analysis of the ETH trading strategy and plan from this afternoon until now.
The overall idea is: I am closely watching the ETH range between 2281 and 2370.
As long as the released PCE data is not negative and ETH's price remains near 2281 or below 2325, it is worth taking a gamble to enter and go long.
Why?
I will repeat a few reasons.
First: The real state of ETH is at a low level, and at the right points, going long has a much better cost-performance ratio than going short.
Second: If the PCE data is not negative, then the narrow range between 2281 and 2370 holds. Entering at 2325 is profitable, and losses can be reasonably anticipated.
The current market is moving according to this idea.
So the only focus now is: can it smoothly and quickly break through 2370 tonight and enter a range above 2400?
This focus determines whether I make a very short-term trade. If yes, I will hold positions in altcoins and ETH; if not, and 2370 becomes a deadlock with a potential sudden drop, then I think this long entry ends here, and altcoins should exit immediately. This means the market trend hasn't arrived yet, and we need to wait for the next opportunity.None of the three small coins made any big moves today 🤔
$HYPE 80.222, Hyperliquid is waiting for the quarterly dividend 📊
Holding HYPE earns on-chain fee shares, and the quarterly dividend is underway. At the 80.2 level, it bounced a bit from the low, but contract positions didn’t follow, indicating it’s dividend expectations, not new funds entering. FOMC held steady, risk appetite showed no obvious change.
$BICO 0.01558, Account abstraction is waiting for killer apps 🔧
Biconomy helps users use on-chain products without remembering mnemonics, 0.01558 rose 0.97% today. The direction is right but the market won’t pay for infrastructure; only when apps truly bring users will there be a chance. Risk appetite showed no obvious change after FOMC.
$BEAT 0.0798, Audiora audio copyright NFT is crashing 📉
Audiora creates audio copyright NFTs, sharing on-chain playback revenue with creators. It dropped 12.33% today because the funds from the previous pump are withdrawing. This coin has a small market cap, so it rebounds quickly but also falls fast. At 0.0798, don’t bottom fish lightly.
This article is for market analysis only and does not constitute investment advice.
#美国9月核心PCE升至3.1%，加息预期仍高 $BEAT I see this is moving towards practical use, which can boost application sentiment but may not necessarily drive the coin price.
Uniswap Labs has opened TJAR, with Robinhood being the first to integrate; this tool processed over $15.3 million in conversions in September.
I see three trends: looking at demand, having a selectable payment coin is useful; looking at validation, processing volume is stronger than slogans; looking at sustainability, being the first to integrate is not enough. Trends are the best friend, so I'm not in a hurry to draw conclusions. Do you pay more attention to the number of integrations or the processing volume to judge the trend of such tools?$PEPE holders whose cost is only a quarter of the current price haven't fled, so why are you panicking?
Another intriguing on-chain record has been uncovered: a whale accumulated 4.03 trillion $PEPE tokens in batches over more than a year, from May 2023 to August 2024, with a lowest cost of just $0.000001185 each. After finishing the accumulation, the wallet went dormant for a full year and recently transferred 1.45 trillion tokens to a new address.
Let's do the math: his lowest cost is only $0.000001185, the current price is $0.0000050338, so the paper profit has more than quadrupled. If you were an ordinary retail investor, you'd have cashed out after a 4x gain, right? But what did this whale do? He stayed dormant for a year, unmoved, and now is just "transferring," not dumping to exchanges. People with such low holding costs have the least reason to panic; he hasn't chosen to take profits, and this signal is stronger than any analyst's opinion.
Many of my friends holding PEPE get itchy to sell after a 20% rise, always with the same excuse: "lock in profits." But look at what the real big money does: doubling isn't the goal, it's just the starting point. The discipline of old coins is exactly the lesson retail investors most lack.
I'm not saying you should hold dead-still for four years like him, but consider this: people whose costs are four times lower than yours are still holding. The small gains in your hands really don't warrant daily panic. Look at the bigger picture, and your mindset will be much steadier. #U.S. Core PCE in September Rises to 3.1%, Rate Hike Expectations Remain High U.S. Core PCE year-on-year in September is 3.1%, previous value 3.0%, month-on-month +0.3%; overall PCE year-on-year reaches 3.6%, with energy prices pushed up by geopolitical factors. Core PCE is the Fed's most closely watched inflation indicator, and there is still a significant gap from the 2% inflation target, with inflation stickiness reappearing.
✅ Why This Pushes Up December Rate Hike Expectations
1. Inflation has turned upward again, with no sustained downward trend. Service sector inflation remains resilient, rising oil prices risk transmission to other consumption areas, giving hawkish members reason to continue advocating tightening monetary policy. Previously, two FOMC voters directly cast dissenting votes against rate hikes, indicating internal divisions.
2. The U.S. economy and employment remain resilient, with no clear recession signals for now, leaving room for the Fed to continue raising rates without excessive worry about immediately triggering economic downturn risks.
3. Market pricing has quickly adjusted, with the probability of a 25bp rate hike in December significantly increased, rate cut expectations further delayed, and "higher rates maintained longer" becoming the main trading logic. $BTC $ETH $ZEC $DOGE is up 0.54%. I’d watch whether buyers can defend support and push through resistance with stronger volume. Without a confirmed breakout, I wouldn’t chase the move.
Signal: LONG (conditional)
Entry: 0.08021
SL: 0.07941
TP1: 0.08101
TP2: 0.08181
TP3: 0.08262
I’d keep position size controlled because meme-token volatility can change quickly.$ETH This 15-minute candlestick moved very quickly, which is a bit surprising. The 15-minute MACD's DIF surged above the zero line. The red bars have been lengthening consecutively. The 1-hour MACD also formed a golden cross below the zero line. The short-term bullish momentum has indeed been released.
Switching to the 4-hour chart, the structure looks different. The 4-hour MACD's DIF has remained below the zero line. The indicator just formed a death cross, and the green bars are fluctuating. The higher timeframe momentum is still underwater, so this rally leans more toward a retracement.
This rebound just touched around 2370, which is resistance turned from a 4-hour swing low. The 4-hour EMA lines are aligned bearish. The price is exactly capped below the EMA50. After this short-term surge, the buying pressure is weakening.
I see the next direction as bearish. The 4-hour MACD remains underwater. Around 2370 is also a major resistance level. Without continuous volume expansion, the price is expected to turn down first and retest the support below.
$BTC $SOL #英特尔代工转型迎来Terafab新变量 🔷 CFTC is preparing rules for AI agents with wallets
Chairman Selig called autonomous AI agents with wallets "not science fiction."
Questions: whether developers need registration, who is responsible for the agent, and what KYA is.
Risks: correlated trades of identical models and speed that is difficult to control.
Red flag: no rules yet, only questions.
Who should be responsible: the developer or the user? 👇
DYOR.
$ETH $XLF, is the unchanged policy rate actually positive or neutral for the banking sector? The Fed maintains 3.75%—4%, but high inflation and hawkish dissent mean the short end has not eased. Bank net interest margins depend on deposit costs, loan demand, and the yield curve slope, not just the federal funds rate. If the curve improves and credit losses remain stable, earnings expectations benefit; if funding costs remain sticky and loan quality weakens, pausing rate hikes is unlikely to translate into profit upgrades.If your principal is less than 5000U, don't think about getting rich quickly; learning to survive is the key!
Last year, I helped a brother who started with 3000U and made 200,000U in 4 months. Later, his account even surpassed 500,000U.
His success wasn't from trading every day but from strictly following the rules.
First, separate your funds and never go all-in.
Divide 3000U into three parts:
1000U for short-term trades, controlling trading frequency
1000U for swing trades, only trading in markets you understand
1000U reserved as backup, not easily used
Remember, no matter how good the market is, never bet all your chips at once.
Second, if you're not confident in the market, it's better not to trade.
Don't trade during sideways markets, stay on the sidelines if the direction is unclear, only seize opportunities with clear trends and signals.
Don't think trading every day means hard work. Controlling your impulses is sometimes more important than making more trades.
Third, set your rules in advance and don't let emotions control you.
Set stop-loss before entering a trade, exit promptly if wrong.
Take profits in batches after reaching targets to lock in gains.
Withdraw some funds after profits to avoid giving all profits back.
Don't blindly add to losing positions, and never increase bets just to break even.
The worst is having a good plan but failing to execute it at critical moments.
In short, when your principal is limited, control risk first, then consider increasing returns.
Dividing funds, waiting for opportunities, and strict stop-loss may seem unexciting but are more meaningful than chasing every rise and fall.
The crypto world never lacks stories of explosive gains but lacks people who can stay in the market after experiencing ups and downs.
If you're exploring your own trading methods, feel free to connect. First, straighten out your trading rules, then improve step by step.
As long as the principal remains, opportunities remain. If the principal is gone, everything has to start over $BTC $PEPE $ZEC As soon as the news of entering the US market came out, HYPE surged 15% in response, breaking through all moving averages including MA7, MA20, and MA60, officially entering an uptrend cycle.
But while everyone is praising $HYPE, my $SOL actually took a heavy hit.
The main issue for Solana is not the price drop, but that its once 17% share of on-chain perpetual contract trading volume has been eroded by HYPE, now down to only 5% 😂
The trading share of meme coins has similarly been divided by competitors like Robinhood, and the leading position has fallen from a commanding lead to a precarious state.
SOL’s price is also much weaker than HYPE’s, nearly breaking below the 100 whole number level, with the daily RSI at 35 indicating deep oversold conditions, and it is pressured below the 20/50-day moving averages (104-109). It needs to reclaim 110 to be considered strong again.
Although $BTC has also fallen, it is at least a fluctuating decline, and the 7.9 bottom is quite stable. It can be expected that even if the 3rd is bearish news, the MA200 at 76,000 will provide support. The resistance lines of MA20 and MA50 are also not far away, and it is estimated that recovery will occur by mid-November.BCH, LTC, and ETC are established PoW mining coins with solid consensus, but their market caps are relatively large, and their price trends basically follow BTC, making it difficult for them to have independent major rallies. RVN (Ravencoin) has a smaller market cap, combines BTC's PoW hard cap scarcity attribute, and also has on-chain asset issuance capability. With mining power as a foundation plus asset issuance narrative, its smaller market cap makes it easier to have independent rallies and stronger elasticity.