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Tether's CEO said they hold about 150,000 BTC, worth roughly $11.5 billion at current prices. Interestingly, the company's Q3 reserve report only accounts for about 100,000 BTC; the missing 50,000 BTC were not disclosed where or when they were purchased, so this does not equal "newly bought 50,000 BTC".
My view: don't rush to see this as bullish news. When the market is trending down, statements like "we are very rich" are most easily used as emotional comfort. What’s more worth noting is that the excess reserves in the report rose from $4.1 billion to $7.95 billion; this buffer is more concrete than just saying "honest work."
A note for ordinary people: verbal figures from stablecoin issuers and numbers in audit reports should be viewed separately.
#Bitcoin #Stablecoin#苹果Q4营收超预期，下季度毛利率指引承压 Apple Q4 revenue exceeded expectations, with hardware sales holding steady and the new CEO's first revenue report passing muster. However, the market is focused on risks, as next quarter's gross margin guidance is under pressure, mainly due to rising prices of memory chips, combined with increased Siri AI cloud computing costs, and the near end of low-cost component inventory consumption. Revenue looks good, but profitability is under pressure. Going forward, the key focus will be on product price increases, supply chain cost control capabilities, and the resilience of the services business, which are crucial for valuation.The U.S. midterm elections officially kick off today. According to the latest data from Kalshi, the Democratic Party has a 76% chance of taking the Senate and an even higher 94% chance of winning the House of Representatives. If this prediction comes true, it would mean a fundamental reversal of the political landscape in Washington, with the crypto industry standing right in the eye of the storm. First, the legislative pathway will be completely frozen. Over the past two years, the Republican-led Congress passed the GENIUS Act and pushed the CLARITY Act through the House, but the latter has stalled in the Senate due to controversies over stablecoin rewards and ethical provisions. If the Democrats regain the Senate, Elizabeth Warren will become chair of the Banking Committee, and her sharpest weapon will be subpoena power. Wintermute's policy director expects she will focus on scrutinizing the OCC's approvals of new bank charters for Ripple, Coinbase, and World Financial, which is supported by the Trump family. More critically, in the Ohio race, Fairshake PAC has invested $30 million to support pro-crypto Republican Hustad. If former Banking Committee chair Sherrod Brown wins and moves to chair the Agriculture Committee, related crypto legislation could be directly shelved. Second, the market has already voted with its feet in advance. Bitcoin fell below the $77,000 mark today, hitting a 24-hour low of $76,335, and Ethereum dropped to $2,247. This is not panic but a typical wait-and-see volume contraction. HTX #苹果Q4营收超预期，下季度毛利率指引承压
Apple's Q4 revenue exceeded expectations, with next quarter's gross margin guidance under pressure
Apple's fourth fiscal quarter revenue reached $114.48 billion, EPS $2.10, both surpassing market expectations. iPhone and Mac revenues outperformed consensus, service revenue was basically in line with expectations; Greater China revenue was $17.54 billion, slightly below market expectations. After-hours stock price initially rose then fell, with core pressure coming from holiday season profit guidance.
The company provided guidance for next quarter revenue growth of 7%-10% year-over-year, but gross margin is expected to be only 45%-46%, down about 2 percentage points quarter-over-quarter, significantly below market expectations, marking the main negative in this earnings report. Two main drags: first, rising prices of storage chips, with low-cost inventory about to be depleted, leading to increased procurement costs; second, full rollout of Siri AI, with cloud computing power investments continuously eroding profits.
Overall, Apple's hardware consumer base remains solid, with upgrade demand and ecosystem foundation supporting long-term value; however, rising supply chain costs and profit pressure during the AI investment phase will be the core challenges for the upcoming peak season.
$AAPL #美国中期选举在即，哪些结果值得关注？
Voting day begins, BTC drops nearly 2% intraday, market sentiment is cautious, the election is not only a political game but also directly affects the direction of crypto regulation.
The crypto industry has cumulatively invested over $200 million in political donations, playing a key role in pushing regulatory bills like CLARITY. The current market widely expects the Democratic Party to likely take the House of Representatives, while the Senate outcome remains uncertain. If a divided Congress forms, fiscal expansion will be limited, amplifying risk asset expectation gaps.
Historical patterns show that BTC fell 48%, 37%, and 16% respectively before the last three midterm elections, with an average 12-month post-election increase of 53.7%; and the bottoming point gradually approaches the election day (71 days after → 39 days after → 13 days after). However, this time the interest rate hike cycle pressure is superimposed, so historical patterns are only for reference and should not be directly used as trading signals.
Asset impact differentiation: BTC is primarily anchored to fiat credit and macro liquidity, with midterm logic unchanged; ETH is more sensitive to regulatory policies and ETF capital, showing greater volatility elasticity.
Going forward, focus on tracking Federal Reserve policies, ETF capital flows, global liquidity, and post-election regulatory developments. It is recommended to watch more and trade less before implementation, prioritizing position control.
$BTC $ETH Binance had 200,000 Ethereum stolen.
On the same day, the exchange actually had 39,000 more Ethereum.
Because withdrawals were suspended.
Coins could come in, but couldn't go out.
Withdrawals only resumed two days later.
On November 1st and 2nd, 313,000 were withdrawn.
From October 28th to November 2nd,
the exchange's Ethereum decreased by 5.4%, nearly 300,000 coins.
Seeing this number, the first reaction is always: fewer coins, price will rise.
But the price didn't cooperate.
It was still 2800 in October, now 2264.
There are only two possibilities when coins decrease.
Those optimistic are withdrawing coins back to their own wallets.
Those fearful don't want to keep coins on the exchange anymore.
One is bullish, the other is hedging; the data looks exactly the same.
To separate them, just look at one thing:
When coins leave, does the price rise?
This time, the price is falling.
So these 300,000 coins weren't stolen, someone is hiding.
Coins left, but no money came in.
This is not a price surge, it's a relocation.
Is your ETH in the exchange or in your own wallet?
$ETHThe valuation anchor of the “true public chain” has shattered: dissecting CORE’s “structural gradual decline,” why are all rebounds traps?
As of November 3, 2026, CORE is priced at about $0.012, down approximately 11.5% in 24 hours, down about 29% over 7 days, with a circulating market cap of about $12.48 million, and a 24-hour trading volume of about $3.09 million, having retraced over 99% from its historical peak. It is not simply dragged down by the overall market; rather, its valuation anchors are breaking apart. Valuation anchor one: The BTCFi narrative was pierced by security incidents. After the September validator over-issuance bug, five major exchanges including Coinbase simultaneously suspended deposits and withdrawals; at the end of October, the b14g protocol was attacked, affecting 97 million CORE tokens. On November 3, a network hard fork recovered about 68.15 million tokens, but these have not yet been allocated to affected users, and the exchanges’ frozen funds have not been returned. The core premise of BTCFi is “Bitcoin assets securely on-chain,” and these two vulnerabilities directly undermined this premise. Valuation anchor two: Buyback and burn cannot outpace unlocking. The total supply is 2.1 billion tokens, with a circulation rate of about 48%, and mining rewards are released with annual decay over 81 years. Although the 2026 roadmap plans to use BTCFi’s real revenue for buyback and burn, the current protocol revenue scale is too small to offset long-term selling pressure. Valuation anchor three: Liquidity exhaustion.
The trading volume is only about $3.09 million; a large sell order can trigger a liquidation cascade, and rebounds lack supporting buy orders. Valuation anchor four: Governance handover brings uncertainty, as control is transferring from the core team to the community, and the decision-making direction remains unclear ETFs are withdrawing, but whales are accumulating.
In the past 6 trading days, Bitcoin spot ETFs have seen a cumulative net outflow of about $859 million. Just BlackRock's IBIT has had outflows for 10 consecutive days totaling $2.24 billion, corresponding to nearly 36,000 BTC redeemed. However, during the same period, on-chain large holders excluding exchanges and mining pools have increased their holdings to about 3.03 million BTC, with the 30-day accumulation rate hitting the fastest since February 2026. The panic index dropped from 37 to 26 in one day, and long positions liquidated $340 million — yet whale addresses continue to accumulate amid the panic.
Why is this worth attention? ETF outflows reflect passive allocation funds reducing positions ahead of macro events, while on-chain accumulation represents mid-to-long-term behavior of self-custodied funds. The opposite directions indicate that BTC's marginal pricing power may be shifting from "paper exposure that can be quickly redeemed" to "spot chips that are not easily moved."
Which observation is currently more supported? The data favors chip rotation rather than pure capital flight. But whales are not unified internally; some are accumulating, while others are swapping BTC for ETH, and combined data masks this strategic split.
Next, focus on one thing: can the whales' 3.03 million BTC absorb the ETF redemption slope? If they can, the structure will change; if not, panic will continue to be priced in. What do you think about this wave of rotation? Let's discuss in the comments. $BTC $ETH 【On-Chain Trading Update｜HYPE】
Monitored address 0x940a opened a long position:
▪ Execution price: $84.85
▪ Transaction amount this time: $637,719.02
▪ Leverage: 10x
Do you think opening a long at this position is early or not?
Note: This address has earned over $64,000 in profit in the past 30 days, with a return rate of +68.48% $MU
Chasing single stock tokens based on 'pre-market gains,' I get it wrong seven out of ten times. Today Micron rose over 4% pre-market, but the token still shows -3.6% over 24 hours.
The 1-hour candle at 8 PM really pulled up. Opened at 850.96, closed at 867.57, volume 11,900 contracts; the previous three hours only had five to six thousand contracts each. Daily low was 831, now at 867.
The fee settlement is stuck at 0. Holding over 43,000 contracts, which translates to 38 million USD.
The pre-market sentiment did come through, but not a penny of leveraged money entered. This product moves with the underlying stock but is much thinner; the underlying stock keeps moving after close, but the moves are just directionless spreads.
I’ve been watching a zero-fee-rate contract for half a day; this is a task I chose myself.
#美国中期选举在即，哪些结果值得关注？ $CORE is probably hard to recover, with a large amount of players' funds trapped, whereabouts unknown, no support or pump, slow or even halted development progress, many node operators withdrawing at a loss, and a large amount of coins concentrated in the hands of a few.
Internal management is not open or transparent, and the coin price is trending downward day by day.$BTC
Breaking news says Bitcoin has broken the "midterm election must fall" pattern this year. I checked the moving averages; 77,357 is still 5.6% above the 200-day moving average of 73,223.
This cushion is worth a look. In previous election cycles, the price would drop three to five points a week before the election to break through that line, but this time it didn't.
There are also intraday details. At 20:00, the 1-hour candle rose from 77,074 to 77,395 with a volume of 385,000 contracts, while the previous few hours hovered around 200,000. After 21:00, volume shrank to 40,000 but the price didn't drop. The daily low was 76,360, now at 77,350, a rebound of 1,000 points. Open interest is 2.611 billion, and the fee rate is still at +0.01%.
I don't think this is a real strength shift. A true strength shift would show the fee rate rising and open interest increasing. Now the price has returned, but leverage hasn't.
#美国中期选举在即，哪些结果值得关注？ Ajian writes three scenarios for Friday's nonfarm payrolls:
Scenario 1: The data is clearly stronger than expected, for example, surging above 100,000, with wages also heating up. The market won't interpret this as good employment but rather that the Fed has more reason to keep interest rates high or even raise them further. The dollar strengthens, US Treasury yields push higher, and $BTC along with growth stocks come under pressure. In such cases, the harshest reaction is when good news is fully priced in because the market trades the good news directly.
Scenario 2: The data is clearly weaker than expected, for example, falling below 30,000, with unemployment rising. Then rate hike pricing will quickly retreat, thoughts of rate cuts resurface, and risk assets get a breather. But Ajian reminds friends that this situation has a hidden pitfall: if the weakness is due to collapsing demand rather than a soft landing, then the rebound is a chance to exit, not to chase. The specific way to distinguish this is to watch consumption and initial jobless claims data over the next two weeks, rather than drawing conclusions on nonfarm payroll night.
Scenario 3: The most frustrating kind, where data is close to expectations, neither up nor down. The market gets no new information and can only grind on, with volatility pushed to other events after Friday. The implication for positions is: don't preemptively take heavy directional bets based on a high-probability bland data release.
In summary, the main value of the nonfarm payrolls is whether it can move December rate pricing, which will determine at least three months of position logic. So the order to watch on Friday night should be: first look at changes in interest rate futures pricing, then the dollar, then Bitcoin. Reversing this order makes it very easy to be misled by the first fake move.
That's all, DYOR #US October Nonfarm Preview: Employment Growth May Influence December Rate Hike Expectations $BTC
The U.S. Treasury needs to replenish its cash reserves, and the market worries that funds will be drained away, meaning there will be even less money for Bitcoin by the end of the year. After reading this, I don't really think the long-term logic of the crypto industry is broken; it seems more like a temporary cash crunch. But this "short term" is quite annoying, dragging on until the end of the year, making the market still tough. What I want to focus on now is the subsequent fiscal spending—after the money goes into the account, when will it be spent again?CHZ, STX, CFX have unlimited supply with continuous issuance diluting tokens, facing heavy resistance for long-term price increase.
RVN, DOT, OP have capped total supply, with scarcity value continuously increasing over time.
RVN is a native asset minting, DOT enables multi-chain interoperability, OP is Ethereum Layer 2 low-cost scaling.
CHZ, STX, CFX have an annual inflation rate roughly between 3%–10%.Really picking up｜Top 5 Altcoins by Gains Today (21:00)
$AXIS +13.33% (24h +12.41%) 1h price -0.72%, volume +1.47%, turnover +17.74%, 4h volume +7.78%, volume 1.47M, turnover 13.6M, volume ratio 9.3. Volume surged in the hour but price didn't follow, small volume
$IRYS +13.20% (24h +15.45%) 1h price +4.89%, volume +6.99%, turnover +11.51% all rising together, 4h volume +12.75%, volume 2.45M, turnover 23.66M, volume ratio 9.7. Long-term volume accumulation pushing price, small volume
$PIEVERSE +12.20% (24h +11.28%) 1h slight movement, 4h sideways, volume 5M, turnover 37.68M, volume ratio 7.5. Large volume stable
$BOME +8.70% (24h +8.53%) 1h price +4.82%, volume +10.18%, turnover +23.30% all rising together, 4h volume +12.87%, volume 1.41M, turnover 4.47M, volume ratio 3.2. Hourly rise together, long-term volume accumulation 12.87%, small volume
$H +7.32% (24h +6.55%) 1h price +2.00%, volume +7.90%, turnover +17.96%, 4h volume +13.24%, volume 1.08M, turnover 2.24M, volume ratio 2.1. Hourly rise together, long-term volume accumulation 13%, micro cap#Strategy repurchase scale is three times the amount of coins bought, is the treasury strategy shifting?
Strategy spent more than three times on repurchasing STRC last week compared to buying coins, yet it didn't stop buying, still purchasing over 800 coins.
I checked its 8-K report from Monday, and the source of funds is quite clear. The money from selling MSTR common stock: 40% goes to buying coins, 60% replenishes cash; the $208 million used to repurchase STRC all comes from cash.
At first, I thought it had shifted the money for buying coins to support preferred stock. That doesn't add up; the amount for buying coins hasn't decreased, but the cash line has dropped. A week ago, there was $242 million, but by last Sunday only $133 million remained, and the replenishment didn't cover it. At this week's repurchase pace, the remaining cash won't last a week.
Also, the over $4 billion reserve is specified in the 8-K as reserved for paying dividends and interest, so don't count it as ammunition for repurchases.
Therefore, in next Monday's 8-K, first look at the cash line; it reveals the tightness of funds earlier than how many coins were bought. I guess next week either repurchases will shrink, or more money from selling stock will be used to replenish cash. If repurchases remain around $200 million and coin purchases increase compared to this week, I'll admit I was wrong.Many brothers start to get nervous as soon as the market rebounds, fearing their short positions will be trapped.
But take a close look at the current market: this rebound can't even touch the 2300 level, the highest point only reached 2303 before immediately softening. What's there to panic about?
Look at the 4-hour chart, the facts are right in front of you:
First, the highs are continuously moving lower. From the previous 2579, to 2538, then recently 2318 and 2303.
Each rebound's high is lower than the last, this is a classic descending channel, the overall trend hasn't changed at all.
Second, volume is extremely thin.
This small bullish candle rising from 2236 has pitifully low trading volume underneath, indicating no major funds are stepping in to catch the fall.
A volume-less rebound is a typical technical bull trap.
It's like a patient who just had the tubes removed and can't even stand steadily—do you expect him to run a marathon right away?
The bulls currently have no strength to break through the dense short squeeze zone above 2300.
The next trading logic is very clear:
Don't chase shorts at the bottom; just wait for it to make a false show of strength upwards.
As long as the rebound reaches the 2300 - 2318 resistance zone and can't push higher, that's an excellent point to add to short positions.
Looking downwards, if it breaks below 2236 again, this decline will accelerate.
Trading is about structure and the big trend, not staring at a few red and green bars on the intraday chart and scaring yourself.
$BTC
$ETH
$SOL
#美国中期选举在即，哪些结果值得关注？ $ETH just surged very sharply this time. The 15-minute chart has consecutive bullish candles, and the price surged above 2280. Seeing it suddenly pull up such a long bullish candle startled me. The short-term surge was very fast, but the subsequent trading volume has started to decrease.
Although the small-scale moving averages were pulled up, and the price crossed the 15-minute EMA20 and EMA50, the 1-hour chart shows several moving averages trending downward, with EMA100 still near 2270. The short-term moving averages below haven't caught up yet, so no upward support has formed.
Looking at the 4-hour chart makes it even clearer. EMA20, EMA50, and EMA100 are all pointing downward, with the long-term averages pressing down on the short-term ones. The current price is just touching the 4-hour resistance near 2290. Just above is the 4-hour EMA50, and the larger moving averages are all pressing down overhead.
Overall, I am currently bearish. The price has hit key resistance on the 4-hour chart, and the larger moving averages above are still pressing down. Without volume expansion, it's hard to break through, so the short-term is likely to pull back downward first.
$BTC $SOL #加密行业协同守护资产安全 Midterm election vote counting, what is the crypto community betting on?
On voting day, BTC first dips as a sign of respect, a nearly 2% drop isn't large, but the sentiment is already tense. This is not just a political game; it also affects the regulatory lifeline of the crypto world.
Capital has entered the field. The crypto industry has spent over $200 million in political donations with a clear goal—to push regulatory bills like CLARITY into effect. Regarding control of the two chambers, the Democrats are very likely to take the House, while the Senate remains undecided. If a "split Congress" becomes reality, fiscal expansion will be limited, and the risk asset expectation gap will instantly widen.
The historical script is worth watching. Before the 2014, 2018, and 2022 elections, BTC fell by 48%, 37%, and 16% respectively; and in the 12 months after the elections, the average increase was 53.7%. Pre-election sell-offs are mostly emotional venting, and after the results are finalized, a recovery usually follows.
But this time, don't cling to old methods. With interest rate hike expectations overlapping, history can only serve as a reference. BTC is driven by the logic of "fiat distrust + liquidity," and its mid-term logic remains unchanged; ETH depends more on regulatory direction and ETF funds, making it highly sensitive to election outcomes. Before the votes are finalized, watch more and act less.
$BTC $ETH
#美国中期选举在即，哪些结果值得关注？ The crypto industry has an old problem: security has always been a matter of each party minding their own business. Exchanges get hacked, bridges get drained, wallets get phished; when incidents happen, each patches their own holes, and attackers just move on to another target. CZ's idea this time is to turn this from a solo fight into a collective defense.
His statement has two layers. The first is technical: industry participants need to increase investment in AI for security protection. On-chain fund flows, clustering of suspicious addresses, probing behaviors before attacks—these can't be monitored manually, but models can give early warnings. The second layer is standards: establishing unified standards is necessary to collaboratively respond to security threats. Without a common language, two exchanges can't even match a suspicious address.
He also expressed willingness to promote the establishment of an industry alliance to make the security system more complete.
The real difficulty in this logic is not in technology but in organization. An alliance means sharing intelligence, and intelligence is precisely the most sensitive thing—disclosing whose vulnerabilities were exploited or whose risk controls were bypassed is tantamount to exposing weaknesses. There have been many attempts at industry mutual aid historically, but few have become normalized. The key metric is not whether the alliance is formed, but whether members are willing to hand over real attack data.
For $BNB, CZ taking the lead is indeed a plus in terms of narrative: once the security narrative is established, projects and funds in the ecosystem are more willing to stay. But there is a gap between narrative and implementation.
One point worth considering: when security is done well, users don't notice. No incidents mean no praise; one incident means the whole industry takes the blame. This asymmetry is the root cause of why alliances are so hard to sustain.Binance's net capital inflow reached $15.4 billion within 7 days $BNB
After the attack event causing a loss of $630 million, Binance continues to face significant capital outflow pressure.
According to the published cash flow data:
Past 7 days: net outflow of $15.4 billion.
Past 24 hours: net outflow of $3.4 billion.
Assets still held: approximately $124.4 billion.
Following the hacker attack, withdrawal amounts on the Binance platform surged sharply, indicating an impact on user confidence.
Nevertheless, Binance currently still holds about $124.4 billion in assets. Given its current scale, the capital outflow is insufficient to conclude that the exchange is facing liquidity issues.
The developments in the coming days will depend on whether the net capital outflow remains high or gradually stabilizes. The early stage of a Bitcoin bull market may be much longer than most people imagine! This on-chain cost chart is worth a serious look for all long-term investors!
I basically agree with wander's observation! In 2019, after the 6–12 month cost line of $BTC crossed below the 12–18 month cost line (a death cross), it took about 10 months and 24 days to cross back above (a golden cross); in 2023, this process lasted about 12 months.
But this round has only been 3 months and 18 days since the death cross! Currently, the 6–12 month cost line is about 83.9K, and the 12–18 month cost line is about 111.8K, with a clear gap between them. BTC's current price is about 77.7K, not even back above the former yet.
This indicates that the current early bull structure repair may still require more time and chip turnover. I have consistently maintained that BTC has exited the bear market and entered the early bull phase, but early bull does not mean the main upward wave starts immediately! What’s more noteworthy is that this round has been hovering near the 6–12 month cost line for over 40 days without forming an effective breakout.
Next, the key is to watch whether 83.9K can be firmly reclaimed and whether the two cost lines can gradually converge. A true bull market is not announced by a single golden cross but matures gradually through prolonged consolidation, turnover, and cost restructuring!
History is worth referencing, but patience is often more important than prediction! 【On-Chain Close Position Update｜kPEPE】
Monitored address 0x5559 closed a short position (partial close about 55%):
▪ Opening average price: $0.005024
▪ Closing price: $0.004783
▪ Closing amount: $424,936.16
▪ Realized profit: +$21,411 (return +48.0%)
▪ Leverage: 10x
Is anyone else watching this coin? Let's discuss?
Note: This address has earned over $943,000 in profit in the past 30 days, with a return of +39.72% Glassnode data shows that after Binance opened $BTC withdrawals, OKX's BTC balance increased by about 4,600 coins, making it the main recipient among the 7 exchanges.
Although Coinbase also increased by about 2,700 coins, its hourly fluctuations are naturally large, so the credibility is average (the increased BTC may not necessarily have flowed out from Binance).
Additionally, Bybit received a small portion, about 900 coins. Bitget and Gate saw outflows; this is a bit strange—could it be that because of the Binance situation, users are worried that their BTC held on these two exchanges might also be unsafe?
In any case, the data clearly shows: investors vote with their feet, and besides Binance, the most trustworthy exchange is still OKX.
This data is actually more convincing than the usual metrics we see like trading volume, reserves, growth scale, etc.
When a crisis occurs, where the money flows is the safe haven in users' minds.
Big brother, second brother, and third brother, all clear at a glance.$MSTR purchased 811 bitcoins (worth $65.5 million) for the first time in two weeks, but the purchase price is higher than the current price! $BTC
Strategy company announced the purchase of 811 bitcoins at about $65.5 million, with an average price of $80,846 per bitcoin. This news was released shortly after Saylor's Sunday "recommendation." Currently, the trading price of bitcoin is about $76,700 each.
Bottom fishing does not necessarily mean failure, as Strategy's average cost for buying 848,000 bitcoins is only about $75,000, which is below the current market price. More importantly, the smaller purchase scale indicates they still need to balance between buying tokens and fulfilling incentive obligations.
Is the small purchase strategy enough to keep bitcoin prices stable? Two days after the hacker attack, Binance still dominates cryptocurrency trading volume.
Please see the data from November 1, 2026. Despite the security breach and various speculations surrounding Binance, the exchange still holds a significant share of trading volume.
Spot trading volume:
- Binance: $43.5 billion
- Total tracked trading volume: $105.2 billion
- Binance's share: 41.3%
Perpetual futures contract trading volume:
- Binance: $337.3 billion
- Total tracked trading volume: $617.1 billion
- Binance's share: 54.7%
Even after a multi-billion dollar incident, Binance still accounts for over 41% of the spot trading volume and over 55% of the perpetual futures trading volume shown by the data.
However, this does not mean security incidents can be ignored or that users should not be concerned. Security breaches must be investigated, and trust must be built through transparency and accountability.
But trust is not built overnight, nor should it be judged solely based on rumors.
Binance has been working for years to establish its position in the industry. One incident can damage that trust, but the actual market performance is also worth noting.
These numbers do not tell the whole story, but they do tell us something: Binance remains a major force in the cryptocurrency trading space. $BNB AMD will release its earnings report after the market closes tonight. This time, the market is not really looking at Q3, but rather the guidance for Q4.....
The market estimates revenue for this quarter to be about $13.1 billion, with an EPS of 1.94, slightly higher than AMD's own guidance of $13 billion. Moreover, AMD has beaten expectations every quarter for the past four quarters, so just "exceeding expectations" might no longer be enough!?
I personally am only focusing on the data center segment, which the market estimates at about $8.3 billion, plus how well the MI450 shipment progress is communicated. These two factors are the key to tomorrow's stock movement. AMD will release the results early Wednesday morning Taiwan time.
#AMD財報前瞻：Helios AI系統商業化進展 📊 Bitcoin and the U.S. Midterm Elections: Is the Market Bottom Arriving Early?
Historical data shows that in past cycles, the timing of $BTC's phase bottoms seems to be getting closer to the U.S. midterm elections:
* 2014: Bottom reached 71 days after the election, price around $170.
* 2018: Bottom reached 39 days after the election, price around $3,200.
* 2022: Bottom reached 13 days after the election, price around $15,500.
After each cycle, there was a significant rally, with prices reaching approximately $20,000, $64,000, and eventually $126,000 in subsequent cycles.
However, three historical cycles alone are not enough to prove this is a reliable market pattern.
Macroeconomic conditions, crypto market liquidity, and market structure also play crucial roles in Bitcoin's bottom formation and subsequent trends.
📉 Key question to watch:
Will Bitcoin also form an important bottom around the U.S. midterm elections this time?
History can provide reference but does not guarantee future repetition.
Avoid blindly predicting bottoms; waiting for market confirmation is key.
#BTC #Bitcoin #CryptoMarket #USMidtermsPolicyOutlook #交易之声：你的经验值得被听到
US tech AI stocks crashed, Coca-Cola hit a new high, is AI trading really over?
Last night watching the market, the Nasdaq once surged 1.4%, but closed down 1.07% at 25164
The most eye-catching was Berkshire Hathaway Class B shares, which touched a record high of $557.59 intraday. Coca-Cola has risen over 36% this year, outperforming a bunch of tech giants. The money hasn't left the market; it has moved out of AI hardware and into the word "certainty."
So is AI trading over? My answer: the narrative isn't dead, but the old pricing logic has been liquidated. Morgan Stanley data shows hedge fund AI exposure has dropped to "underweight" for the first time since early 2023.
The Nasdaq fell 5.3% in October, and the market is asking the same question: when will we see profits from nearly a trillion dollars in annual capital expenditure? This doesn't mean the AI story is over; it means the phase of "only looking at vision without looking at the books" has ended.
When will it come back? Watch two things.
First, Nvidia's earnings report on November 17, Wolfe directly said this is the key point for AI trading to "regain favor."
Second, after the nonfarm payrolls and midterm elections settle, will capital dare to take on risk again? Ackman is already saying "Wall Street has overestimated costs and underestimated the profit curve," and Deutsche Bank has upgraded tech stocks from "neutral" to "overweight," but these are all contrarian voices.
Old economy stocks hitting new highs is not a permanent style shift; it's capital finding a place to sleep before the AI books are settled.The "who wins" of this election has already been mostly priced in by the market — Kalshi traders give the Democrats 94% for the House and 74% for the Senate; anyway, hold onto your spot positions and prepare sufficient cash. The two key crypto assets, $BTC and $ETH, must be allocated. FiveThirtyEight-type models give 90% / 83%. So "Democrats win" itself won't trigger a big market move; the real trading opportunities lie in the "unexpected" and "by how much". Four practical impact lines for the "ordinary people": 1. Exchange rate (most direct) The strength of the dollar depends on "fiscal deficit + Fed independence," not who wins. If tomorrow morning there is an "unexpected Republican hold of the Senate" → the dollar may jump 1–2%, so currency exchange/study abroad payments can wait for this spike to split purchases. If Democrats sweep → the dollar weakens, lowering costs for outbound travel/overseas shopping. 2. Overseas assets (QDII/US stocks/HK stocks) Don't make a single heavy bet based on election results; use dollar-cost averaging. Tech stocks are most sensitive to "Democratic tax hikes," while new energy/healthcare are most friendly to Democrats. 3. A-shares/export chain The real impact is not who wins, but whether tariffs escalate and whether tech controls on China increase. Watch sectors with high export shares like home appliances, machinery, textiles, and consumer electronics for reactions after the US market opens on 11-4. 4. Crypto assets Senate control directly determines market structure bills (like CLARITY) and stablecoin yield provisions.$LIT Negative news: Price rose to $3.24, but starting December 27, three-quarters of the tokens that were previously locked will begin to unlock
The biggest risk lies in the supply; currently about three-quarters of LIT tokens are still not circulating, and unlocking starts on December 27, with insiders' first batch of about 13.5 million tokens at the end of January
This amount is roughly 16 times the average monthly buyback and burn rate in Q3. Lighter has repurchased about $33.2 million this year, so it will be difficult to absorb this volume
Some are already offloading; on November 2, an address starting with 0x14A unstaked and transferred 3.9 million LIT, worth about $12.21 million, to exchanges like OKEx
Today, LIT rose 4.93% to 3.239, with a trading volume of $12.66 million. No new news was seen on the day; the driving force remains the two CFTC license applications to be submitted in November
The applications have not yet been submitted, and even after submission, the review will take about 180 days. It is unclear whether US users will be able to use LIT. The rebound is supported by expectations, with resistance near 3.5 above.SNDK at $1130, are you still waiting to break even?
Revenue surged 378% in the earnings report, yet the stock price was cut in half from 2300 to 1130—Is SNDK truly oversold, or is it the first domino signaling the peak of the NAND cycle?
Let's look at the surface: explosive earnings, but the stock price feels like it took a laxative.
October 29 earnings: revenue $11 billion, up 378% year-over-year; EPS $49.51; gross margin 85.1%; data center business $4.8 billion, up 61% quarter-over-quarter, accounting for 44%; also repurchased $5 billion in shares. Shouldn't this push the price to 1500?
What happened? The stock opened high, then was hammered down. On November 2, it dropped 6.6%, spot closed at 1075, perpetual futures now hovering around 1130. From the June high above 2300, it’s been halved twice, dropping 30-35% in the past month. With such strong earnings, why is it crashing?
First: Earnings reflect the past, stock price reflects the future.
Revenue of $11 billion, EPS $49.51, gross margin 85%—these numbers are indeed explosive. But what is the market watching? Whether NAND prices can continue to rise next quarter.
Guidance is $12.2-12.6 billion revenue, EPS $55-57, which isn’t bad. But “good news priced in + selling the news” is the classic killer scene for cyclical stocks. The market worries about slowing NAND price growth, supply catching up, and the return of cyclical characteristics.
Second: The 8-for-1 stock split is not a lifesaver, it’s a liquidity trap.
The company announced an 8-for-1 stock split effective around November 19/20, claiming to “improve accessibility.”
A split doesn’t change any fundamentals; it just turns one $100 share into eight $12.50 shares. It doesn’t make the company more valuable, only makes more retail investors think it’s “cheaper” and rush in to catch the falling knife.
A stock split is not good news; it’s a placebo for retail investors. Truly great companies don’t need to prove they’re cheap by splitting shares.
Third: Technicals show bearish alignment, oversold rebounds are weak as if unfed.
Big picture: After the 2025 split, the stock rose until peaking in June 2026, then entered a mid-term downtrend. It dropped 30-35% in the past month, breaking quickly below 1400+, falling below previous consolidation zones.
MA7/25/99 are in bearish alignment; daily RSI is near 30 at a low level. Rebounds have low volume, declines have high volume—typical weakness.
Support: 1060-1100 (recent lows + psychological level), break below targets 1000.
Resistance: 1180-1200 (short-term rebound target), then 1250-1300 (strong resistance).
Only a volume-backed hold above 1150-1160 with a pullback that doesn’t break it signals a bottom; breaking 1100 with volume means bears continue.
Bull vs. Bear, you decide:
On the bull side:
- AI data center storage demand narrative remains strong, long-term contracts with NBM provide visibility
- Valuation compressed to 5-9x forward earnings, $5 billion buyback + zero debt
- Oversold rebound demand, 1060-1100 support zone
- Consensus target price still high, analysts haven’t fully capitulated
On the bear side:
- NAND price growth slowing, supply catching up, cyclical concerns
- Selling the news after earnings, 30-35% drop in the past month
- Moving averages in bearish alignment, rebound volume shrinking
- Liquidity disturbance around 8-for-1 split, perpetual futures spike risk
- Semiconductor sector volatility, macro interest rate and tech sentiment pressure
Key levels:
Resistance above: 1180-1200 → 1250-1300 → 1400
Support below: 1060-1100 → 1000
Trading strategy:
Short-term (1-3 days):
Mainly wait and see or lightly speculate on rebounds. If volume-backed hold above 1150-1160 with a pullback that doesn’t break it, small position long with targets 1180-1220, stop loss below 1130 or 1100. If it breaks 1100 with volume, bears continue, target 1050-1000, stop loss above. When funding rates are neutral, avoid high leverage overnight; spikes punish the stubborn.
Mid-term (1-4 weeks):
Wait for clear bottoming. Ideal entry is multiple confirmations of 1060-1100 support zone with volume contraction and stabilization, then build long positions gradually; or break above 1200 with pullback confirmation before following. Do not chase gains or blindly bottom-fish now. Target first near previous high around 1400; if AI narrative strengthens, higher is possible.
SNDK now looks like storage stocks in 2022—
The better the earnings, the worse the stock price falls, because fear of the cycle peak overwhelms everything. But once NAND inventory clears and AI storage demand exceeds expectations again, you’ll realize:
It’s not that SanDisk is bad, it’s that you got scared out by the cycle.
$BTC $ETH $SNDK $SNDK's sharp drop this round appears on the surface to be profit-taking after the earnings report, but in essence, it is a triple squeeze of "expectation overextension + industry cooling + on-chain liquidity drying up." The most alarming signal is not the drop itself, but that traditional stocks only dipped slightly while synthetic tokens were pushed below previous lows—same selling pressure, two markets, two outcomes. First layer: the earnings report is not bad, but it didn't meet Wall Street's secretly elevated expectations. The positive performance actually served as a cover for capital to exit, a typical "good news already priced in" structure. When the market prices in the most optimistic scenario in advance, any "just decent" numbers are treated as negative news. The second layer comes from the industry chain's cold water. Competitor Kioxia publicly warned that the momentum of flash memory price increases is slowing, a single statement that pressured the entire semiconductor storage sector. This is not just $SNDK's problem, but a turning point signal where the narrative shifts from "price increase cycle" to "cycle peak"—when the leader starts signaling a slowdown, capital often flees faster than the data. The third layer is the easiest to overlook but the most fatal: the market depth of on-chain synthetic tokens is too thin. When the US stock market is closed, the lack of real liquidity on-chain to absorb selling orders of the same scale results in only a shallow dip in the underlying stock but a deep pit in the tokens, with spike phenomena especially severe. This exposes a structural flaw—tokenized stocks lose price discovery function in liquidity vacuums. My judgment is: this is not a complete collapse of the company's fundamentals, but a rush of capital combined with the token's small scale, where even slight volatility triggers a stampede. The real confirmation signal worth tracking is KAn interesting historical pattern is attracting attention. Looking at the previous three US midterm election cycles, Bitcoin's major bottoms occurred progressively closer to election day: 📌 2014: Bottomed approximately 71 days after the election, near $170. 📌 2018: Bottomed approximately 39 days after the election, near $3,200. 📌 2022: Bottomed approximately 13 days after the election, near $15,500. Following those lows, Bitcoin eventually reached major highs of approximately $20K, $64K, and 【Binance Incident 96 Hours: From Criminal Case to National Cybersecurity Issue-2】
The prospect of recovery needs to be viewed calmly: Stablecoins are the "most recoverable" assets in the crypto field, as issuers can freeze, destroy, and reissue them; Bitcoin and Ethereum have no issuers and can only be tracked and intercepted on cooperating platforms, with cycles possibly measured in years. Technical freezing is measured in minutes, legal restitution in months or even years—this is the most profound lesson from this round of offense and defense.
Ripple Effect: From Regulatory Talks to the Presidential Office
The second wave of impact from the Binance incident hit the regulatory level, and the speed exceeded expectations.
On November 3, South Korea completed a two-level response in one day. In the morning, the Financial Services Commission (FSC) urgently convened a meeting with the Financial Supervisory Service, Financial Security Institute, and the five major exchanges, requiring an increase in the proportion of cold wallet assets—the South Korean legal minimum is 80%, but actual levels vary among exchanges: Upbit at 99.17%, Bithumb 94.76%, Coinone 85%, Korbit 82.79%, GOPAX 80.54%. In the afternoon, President Lee Jae-myung called for the establishment of a government-level cybersecurity agency at a cabinet meeting to coordinate the dispersed security functions across agencies, bluntly stating that the existing "inspection + post-response" system has shown limitations. On the same day, the Bank of Korea was revealed to be conducting a crypto risk exposure survey on 18 banks and 13 securities firms. In the US, Trump publicly stated he was monitoring the incident, and calls from Congress to improve crypto legislation have clearly intensified.
The attackers did not stop either. On November 2, Brazil's largest exchange Mercado Bitcoin confirmed a security incident, losing about $38 million to $46 million; the platform bore the loss and suspended deposits and withdrawals—the "issuer freeze alliance" just rehearsed in the Binance incident was fully reused in Brazil within 48 hours: about $11 million was quickly frozen, including 4.5 million USDT frozen by Tether.
A set of summary data footnotes these 96 hours: from 2022 to 2026, 12 crypto theft cases linked to North Korea (or suspected connections) totaled about $9.74 billion—Binance alone accounts for 65%. The previous record holder was Bybit's $1.5 billion in February 2025. The "ATM" of state-level hackers is growing exponentially, and North Korea's official denial on November 2 (Kim Jong-jun called the US accusations "fabrications") elevated the incident from a criminal case to a diplomatic issue.
Market Response
Bitcoin's reaction surprised most. On October 30, the intraday maximum drop was about 3.7%, briefly falling below $79,000; after withdrawals resumed on November 1, it dropped about 4% again—but compared to similar events in the previous cycle with double-digit drops, this reaction was restrained, partly due to structural buying from spot ETFs and the issuer's rapid freezing.
The real pressure was in the stock market: Coinbase led the decline, with crypto concept stocks like Circle and Strategy falling simultaneously—stock investors expressed concerns about "tighter regulation + rising industry trust costs." Another intriguing divergence was that while leading exchanges were bleeding the same week, institutional-grade on-chain infrastructure was attracting capital against the trend—tokenized securities OTC platform Figure Markets' TVL rose 18.4% to $142 million, marking a divergence between the "licensed institutions going on-chain" route and the exchange route.
As for the $5.8 billion net outflow after withdrawals resumed on November 1 (about 3.4% of Binance's $171 billion customer assets)—the speed stabilized within 24 hours, showing pressure release rather than a run. This is the strictest stress test in the history of the world's largest exchange, and the current result is passing; but the real score depends on the deposit return speed in the next week or two.
Three Long-Term Variables Left for the Industry
Custodial trust costs. Every major security incident pushes up the trust premium for centralized custody. Self-custody hardware wallets, multi-party computation custody, and on-chain transparency tools are long-term beneficiaries—funds migrate where trust migrates.
Issuer power boundaries. Tether froze $1.5 billion in 30 minutes, which is both a moat and a controversy: when a private company can freeze on-chain assets at minute-level speed, "the boundaries of freezing rights" will become a lasting issue as important as "decentralization." THORChain's refusal is just the beginning.
State-level hackers become the core threat. The $9.74 billion four-year ledger shows that exchange-level defenses can no longer stop state-level adversaries. Security budgets, international law enforcement cooperation, privacy coin regulation—the main industry policy lines in the coming years will likely grow out of these 96 hours.
What to Watch Next
On Binance's side: final loss figures (when the two calibers converge), full network recovery progress, deposit return speed. On the recovery side: fund movements after mixing, the first cross-jurisdiction restitution case. On the regulatory side: specific legislative actions in the US and South Korea, more security disclosures from exchanges (Mercado Bitcoin's review report is the next observation point). On the market side: when the divergence between crypto stocks and BTC will be repaired.
A final word for those still reading: the fermentation period of such incidents is a high-risk time for phishing and fake "compensation" scams—official compensation does not require your private keys or any transfers. In moments of panic, holding tight to your private keys is more important than watching the market.I still have 40% of my position empty, just waiting for the negative impact of the midterm elections to land. #美国中期选举在即，哪些结果值得关注？
Once Trump loses influence in the midterm elections, the US may tighten policies on the crypto industry, so institutions have mainly been withdrawing in the past two weeks, afraid to enter the market.
Current prediction market data shows the Democrats have a 95% chance of taking the House and a 72% chance of taking the Senate.
Below is the performance of Bitcoin $BTC after the last three midterm elections:
2014: Lost control of both chambers, bottomed around $171 within 71 days, a drop of -48%;
2018: Lost control of the House, bottomed around $3200 within 39 days, a drop of -50%;
2022: Lost control of the House, bottomed around $15500 within 13 days, a drop of -16%.【Binance Incident 96 Hours: From Criminal Case to National Cybersecurity Issue-1】
On the evening of October 29, 2026, news of a suspected breach of Binance's hot wallet began circulating in the crypto community. 96 hours later, the nature of this incident had changed three times: from an exchange security breach, to a nation-level hacker attribution battle, and then to a cybersecurity agenda involving multiple governments. Breaking down this timeline fully, it is more memorable than any single news story—because industry rules are often rewritten within such 96-hour windows.
Incident and Scale: How the Largest Hack in History Was "Throttled"
Post-event on-chain forensics pieced together the full picture of the attack. Blockchain intelligence firm TRM Labs estimated about $6.36 billion in assets were transferred from Binance wallets to 10 blockchains within approximately 20 minutes; Chainalysis CEO cited $6.4 billion. The attack preparation began at least 36 hours before the incident—the perpetrators funded the wallet via the mixing service Tornado Cash and obtained transaction signatures in advance. This was a textbook-level professional operation.
Regarding the intrusion path, two narratives coexist: Binance points to an engineer’s compromised laptop; blockchain security company Blockaid raised doubts about "private key misuse rather than external theft." This divergence affects the final classification of the incident and liability for compensation, so the investigation conclusion is worth waiting for.
After the incident, the first race was a "freeze race." Binance confirmed in a statement that it had frozen over $3 billion in assets—note, this is the "locked" figure, which differs from the $6.36 billion "outflow" observed on-chain; the difference represents the ongoing part of the attack-defense battle. Stablecoin issuers’ response speed reset industry expectations: Tether disclosed it froze over 1.5 billion USDT within 30 minutes after the incident; Circle froze over $800 million USDC; Ripple assisted in intercepting about $200 million.
What Binance did before resuming withdrawals, the most unlike a "crisis PR" move, was precisely the watershed of the entire event: on October 31, Binance announced it had used company treasury, SAFU user security fund, and futures insurance fund to cover 90% of the stolen assets. First cover the loss, then reopen—the precedent of full compensation for the 7,000 BTC theft in 2019 was replicated this time at a hundredfold scale.
Attack and Defense: Cat-and-Mouse Game and an Undefined Boundary
While the freezing mechanism took effect, hackers escalated their response. On-chain analysts found that attackers rushed to convert large amounts of freezeable stablecoins into Bitcoin and Ethereum before the freeze took effect—since the latter have no issuer and technically cannot be frozen. As of November 3, Elliptic data showed about $3.24 billion of stolen assets still in related addresses, some already entering mixers; another $242 million was laundered through the Tron network and transferred via cross-chain bridges like Relay, THORChain, Chainflip, Symbiosis.
This attack-defense battle also sparked an industry-level debate. Reports say the FBI pressured the censorship-resistant THORChain to assist in freezing related assets; THORChain’s co-founder publicly opposed halting the protocol to comply with law enforcement—the ideal of decentralization clashing with law enforcement realities. The outcome of this debate may set a precedent for the entire DeFi industry’s behavioral boundaries in major criminal incidents. Meanwhile, in a smaller hack (BlueMove, loss about $115,000), the attacker converted stolen funds into 188 Monero coins—privacy coins as the "last exit" old theme resurfaced with this wave of attack season.BTC is still fluctuating around 76,000, ETH has slightly rebounded, but XLM continues to be under pressure! What’s even more disheartening is that while payment and cross-border settlement scenarios are advancing, the price still fails to respond.
The most ironic part of this market is that network stability and actual applications continue, but that doesn’t mean holders will immediately see capital inflows.
Latest news: XLM is continuously advancing payment network and ecosystem collaborations, reinforcing its position as the infrastructure for cross-border settlements. The narrative of long-term user and institutional conversion is strengthening, but short-term market reactions remain cautious.
First, looking at $BTC, the price is about 76,920, with slight fluctuations over 24 hours. After briefly surpassing 77,000 and then losing it, whether it can stabilize above this level again is the focus.
Next, $ETH is around 2,262, showing relatively steady performance. There is still resistance near 2,300, but the follow-through strength is acceptable.
Finally, $XLM is about 0.163, showing weaker performance. Among the three coins, it faces the greatest pressure. If it continues to lose the 0.155 level, short-term pressure may increase.
Summary: For BTC, watch if it can reclaim 77,000; for ETH, watch the follow-through strength; for XLM, watch if capital truly flows back after ecosystem implementation. No matter how much progress is made, it depends on whether the capital buys in!
Do you think XLM will break below 0.155 first, or BTC will stabilize above 77,500 first?
For personal record only, not investment advice. #加密行业协同守护资产安全 The latest liquidation chart appears to show a familiar market pattern: an initial bullish trap followed by a short-term rebound that puts pressure on leveraged traders. Here's what makes this setup interesting: 📊 First Phase: The initial price movement attracts bullish traders and creates crowded long positions. 📉 Second Phase: A reversal catches late buyers off guard, triggering long liquidations. 🐻 Third Phase: The market rebounds, potentially putting short sellers under pressure as well. BTC is only 2.2% away from the Strategy cost line: I won't bottom-fish before election night
On the evening of 11/3, BTC was about 77,088, ETH about 2,266, SOL about 92.5, down approximately 5.2%, 4.0%, and 9.7% respectively since 10/28.
The funding side is more critical: US spot BTC ETF saw net outflows of about 1.04 billion USD over two trading days on 10/30 and 11/2, and ETH ETF experienced six consecutive days of net outflows. Strategy holds 849,327 BTC with an average cost of 75,451 USD; the current price is only about 2.2% higher. The fear and greed index dropped from 37 to 26.
The real support is not just a line but when the ETF stops bleeding. Before the election, I focus on funding without guessing direction: watching whether BTC ETF can return to two consecutive days of net inflows and whether the price can hold above 75,451. Rules are set in advance so on election night, I don't have to rely on emotional judgment.
OWL is a decentralized portfolio strategy platform where the manager makes the rules for increasing or decreasing positions into publicly traceable on-chain strategies. As of 10/31, TVL is 7,528,536 USDC with 4,620 holding addresses.
#BTC $BTC #美国中期选举在即，哪些结果值得关注？ Order Book Strength Ranking
5-minute median slippage, estimated by order book
$APR Small dual-side costs are close, large purchases are more expensive. Simulated slippage for 10,000 scale buy/sell is 0.16%/0.15%, for 100,000 it is 2.17%/0.65%. The asymmetry is an execution issue, not a price movement signal.
$AKE Sell costs for two levels rise simultaneously. Simulated sell slippage: 10,000 increases from 0.19% to 0.25%, 100,000 from 0.78% to 1.11%. The order book is thinning, which takes precedence over price perspective.
$MVLL After enlarging orders, slippage on both buy and sell sides increases significantly. Simulated slippage for 10,000 scale buy/sell is 0.18%/0.16%, for 100,000 it is 0.59%/0.61%. A sign of thin depth is simultaneous increase on both sides. $BTC fell from 126,200 to 77,450, a drop of 38.6%. But to get back to the high, it needs to rise 62.9%.
The asymmetry between loss and recovery is a math problem that beginners often underestimate:
· Down 10%, need to rise 11.1%
· Down 30%, need to rise 42.9%
· Down 50%, need to rise 100%
· In the 2022 bear market, down 77.6%, need to rise 346%, BTC took 846 days to return to the previous high
Look at another set of numbers: In the 2132 days since 2021, BTC's closing price was more than 20% below the then all-time high for 1421 days, accounting for 67%. Being stuck in losses is the norm, not the exception.
So the only real rule to follow is: don't let a single loss exceed 30%. Beyond this line, the required gain to break even will be more than 40% higher than your loss, and it gets steeper the further down you go.
The deeper the loss, the harder it is to recover. This is not a mindset issue, it's math.
Not investment advice. Data: OKX BTC-USDT daily chart (since 2018/1). #BTC持续承压，资金与市场走势出现分歧 The most interesting number in the U.S. midterm calendar may not be a seat count. It is the shrinking gap between election day and Bitcoin’s cycle low. Across the past three midterms, $BTC bottomed roughly 71 days after the 2014 vote near $170, about 39 days after 2018 at $3,200, and just 13 days after 2022 around $15,500. The intervals compress: 71, then 39, then 13. That pattern invites a tidy narrative—panic peaks, capitulation arrives sooner, and the next cycle begins. The subsequent moves w#Circle财报在即，稳定币增长能否兑现收益？
The boss has something to say
Circle will release its Q3 earnings report before the US market opens on November 4. As the circulation of USDC expands, the market is focusing on reserve income, distribution costs, and profitability.
I believe this earnings report will likely face pressure. The comments section is very insightful: profits are tied to reserve interest rates, USDC grew by 25% but reserve income only increased by 5%. This indicates that although the scale has grown, profits have not kept pace with the growth. On one hand, distribution costs are too high; on the other, reserve income is constrained by the interest rate environment. Circle is currently operating on thin margins but high volume.
On the market, CRCL rose 1.05% today, xCRCL rose 1.04%, but in related forecasts, 58% of people bet it will miss expectations. Capital is actually very cautious.
For crypto, Circle is a bellwether in the stablecoin sector. If the earnings report confirms scale growth but no improvement in profitability, it means this business model heavily depends on high interest rates, which challenges the valuation logic of the sector.
Bitcoin is still fluctuating between 77,000 and 80,000. Let's see if it can hold above 80,000. If it can't, expect a deeper pullback, with resistance above at 84,000 to 85,000. Don't chase the rise or sell in panic; set your stop-loss orders properly.
The above analysis is time-sensitive; make sure to set your stop-loss orders. Good luck. $BTC $ETH $ZEC The NEAR inflation reduction proposal passed, but the token fell 7%. The positive news was realized, and the market took the lead to exit.
The announcement shows that 11.8 million NEAR will be released less over the next two years, equivalent to about 45 million USD at the current price. Reports indicate that after the news was released, NEAR dropped about 7%.
In the long term, reducing inflation means less dilution and lighter supply-side pressure; in the short term, what is cut is exactly the staking rewards and inflation expectations, so the yield from holding tokens decreases, and some funds take profits early or switch to high-yield assets. This is judged as a divergence between bulls and bears, with a short-term bearish bias for NEAR.
Scenario one: On-chain staking rate drops significantly due to reduced rewards, ecosystem incentives shrink accordingly, and deflation does not lead to price increases. Scenario two: Staking data and trading volume stabilize, and support gradually appears.
Do you focus more on changes in staking rate, or wait for trading volume to stabilize?
Source: CointelegraphLet's look at three possible political outcomes and how they could influence the financial markets and crypto. 1️⃣ Democrats Gain Full Control Potential policy implications include tighter fiscal spending and continued scrutiny of major technology companies and crypto regulation. Lower Treasury yields could support liquidity expectations, potentially benefiting Bitcoin. However, regulatory uncertainty and pressure on technology stocks could create short-term volatility across crypto markets. Gol先说一个可能有点反常识的判断，以后别老盯着危机什么时候爆发，泡沫什么时候破裂了，这两个事情你大概率等不到了。 不是因为它不会破，而是因为现在的美国不会主动的去刺破泡沫，也不会轻易的让它破。为什么？因为这次泡沫里怀着一个新的美国，它正在吸收全球的养分，持续给美元充值，一旦启动中途就不能停。所以你看到的很多波动不只是市场情绪，而是有人在护盘。而护盘的方法很奇特，不是把泡沫吹得更大，而是制造波动。 说白了，美国正在用物理学的方式在解决金融问题。如果我们今天还只是单纯的分析估值盈利加不加息，就等于在别人制造的波动里在观察波动，很难看清楚它的真实动机，如果判断反了，就很可能会亏的。 今天的内容很实用，但也有点长，今天说到两个应对思路，更重要的是要感受一下对面的金融玩法。它不是一个单一学科，它是个综合学科，咱们也做到执笔啊。关于A呢，大家经常会开个玩笑说这次不一样，这次的确不一样。 区别不在于产业类型，不在于泡沫怎么形成，而在于今天的美国不一样了，以前也没有这样的总统，川子只是以问题的映射，他是来解决问题的，就说明问题很严重。以前泡沫破了，不管引爆什么危机都能降息救市，再顺手收割全球资产回血。 现Liquidity: An Overlooked “Expensive Divergence”
ETFs are withdrawing, whales are buying, but the directions don’t align
After the Binance incident, the US spot BTC ETFs saw a single-day net outflow of $643.2 million, marking the largest daily outflow since October. BlackRock’s IBIT alone had an outflow of $233 million, with no products recording net inflows that day. During the week of October 26–30, BTC ETFs had a net outflow of about $202 million.
However, CryptoQuant data shows that on-chain whale holdings have risen to 3.03 million BTC, the highest since November 2025, with a 30-day accumulation rate being the fastest since February this year. Yet, whales are not unified internally: BTC whale positions on Hyperliquid have turned net short (the first time since March this year), and some whales sold 1,312 BTC to switch into ETH.
“Spot accumulation, contract shorts, switching to ETH” — this is not a unanimously bullish stance but a defensive, hedged, and fragmented structure.
Derivatives: Leverage reset is complete, but the remaining longs are the “most expensive”
This is the most subtle and easily overlooked signal currently. The market-wide open interest has dropped to a 12-month low, confirming that leverage liquidation has indeed completed on a volume level. However, the 7-day average funding rate for BTC perpetual contracts stands at the 100th percentile over 90 days, meaning the remaining longs are paying the highest holding costs in the past three months.
This implies: deleveraging has resolved “who is holding hard,” but not “who is buying.” If the price fails to break above 78,219, these “most expensive” longs will continue to burn funding fees and may eventually be forced to liquidate, fueling the next downward move.
$BTC $ETH $ZEC #美国10月非农前瞻：就业增长或牵动12月加息预期