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I think whether AI agents can issue tokens is not the main point; who is responsible for their financial actions is the real weight of this news.
According to Cointelegraph, CFTC Chairman Michael S. Piwowar stated at the CFTC's first Frontier Forum held in Washington, D.C., that imagining a refrigerator autonomously purchasing groceries using staked Ethereum earnings, or even issuing its own memecoin, "is no longer science fiction." But I would not interpret this idea as direct regulatory approval; there are still rules separating the two.
What I value more is that AI agents are beginning to be included in the discussion framework of financial participants. If they can autonomously manage funds, then wallet authorization, spending limits, and operation traceability could shift from supporting features to infrastructure. This is my speculation, and the test for related services is probably more concrete than "automatic token issuance."
Staked earnings are not a free meal ticket for the refrigerator either. If asset prices fluctuate or funds cannot be accessed in time, daily payments will be affected. Looking further ahead, if the agent makes mistakes or token issuance causes disputes, the responsibility—whether it falls on the user, developer, or service provider—cannot be avoided.
I am willing to pay attention to this direction, but I will not be excited just because the refrigerator can issue tokens; next, I want to see how authorization boundaries and responsibility rules are implemented.Solana ETFs saw their worst daily outflow since December, while $SOL is barely holding $100
$19.16M left on October 27, bringing weekly outflows to $27.38M
October is now approaching $100M in withdrawals
What caught my attention: ETF assets dropped from $1.96B to $1.54B since late September, but net inflows fell by only ~$93M
To me, that suggests price depreciation explains most of the decline in assets@元宝比特币周报
People keep asking if the cycle theory has collapsed because Bitcoin hasn't dropped 80% this year.
Look at the actual halving cycle data:
The 2017-2018 cycle retraced about 84%;
The 2021-2022 cycle retraced about 78% (from $69k down to $15.4k);
The 2025-2026 cycle retraced 54% (from the peak of $126.2k on October 6, 2025, to the low of $57.8k on July 1, 2026).
Spot ETFs and institutional custody have raised the structural floor price (SoFi). Within 270 days after the ATH,
the correction bottomed as expected on July 1, reaching $57.8k. We are in a crypto winter similar to 2022.
No longer — we are in the mid-term reaccumulation range ahead of the expansion wave in Q2 2027.
Stop waiting for Bitcoin at $30k and focus on accumulating high-beta leaders through the choppy market before mid-November. $BTC $ETH $SOL Is standing still considered good news? After the decision, that spike—first see who caught the knife.
Here's what happened: On Wednesday, the Federal Reserve maintained the interest rate at 3.75%–4.00% with a 10-2 vote; Governors Cook and Cleveland Fed's Hammack advocated a 25bp hike; Chair Warsh emphasized that inflation remains above target. After the decision, BTC briefly surged, with OKX's 24-hour high at $81820, low at $79709.5, current price around $80261—after a fake breakout, it has given back most of the gains.
My view: This is a re-pricing of "holding steady ≠ easing"; mistaking the hawkish standstill for a dovish signal and chasing it is the easiest way to get caught in a spike-and-fall after the decision.
My approach: Stand firm and observe, do not chase this "decision good news" narrative; if it breaks below the 24-hour low of $79709.5 and fails to recover, consider this round of "holding steady means bullish reversal" invalid. No bullish trend reversal before the December meeting.
Would you take the "Fed standing still" as a bottom-fishing invitation, or first treat it as risk appetite not yet recovered?
$BTC $ETH $SOL
#FedStandingStill #BTCFakeBreakout #FedKeepsRatesUnchanged #DecemberHikeDebateHeatsUpWhen I saw this message, my first thought was whether macro liquidity is taking over, rather than how impressive the round number level is. Whether large funds are willing to continuously bear risk is more important than a momentary price quote.
$BTC just broke through $80,000, currently at $80,072, but it is still down 1.12% in 24 hours. The data cited is from Hyperliquid perpetual market, with open interest around $3.459 billion and a funding rate of 0.0013% per hour. This only describes that platform and cannot be directly taken as a full market capital inflow.
I tend to see this as a local price correction rather than a trend confirmation: the 24-hour performance is still weak, a positive funding rate means longs have holding costs, and open interest does not equal new buying. According to my speculation, if macro liquidity improves and spot buying continues to support, then the breakout will carry more weight. I will watch for capital relay and am not in a hurry to label the level as bullish.#Strategy财报前瞻: BTC's Book Gains Rebound Sharply #Strategy财报前瞻｜Behind the $20.9B Book Gains, MSTR's Choice
📌Key Points
1. Earnings release date: Q3 results announced after U.S. market close on October 29
2. Expected digital asset fair value gains of about $20.9 billion, driven by BTC price rebound, representing unrealized gains on holdings, not core business profit
3. Currently holding approximately 848,000 BTC, recently invested about $176 million to repurchase STRC preferred shares
🔍Market Core Divergence:
After realizing huge unrealized gains, management's capital allocation becomes critical
👉Bullish: Use balance sheet improvement from unrealized gains to continue issuing debt to increase BTC holdings, maintaining the buy-BTC flywheel
👉Bearish: Pause additional purchases, prioritize debt repayment to reduce leverage, slow down BTC buying pace, weakening MSTR's Beta characteristic
📌Key items to watch in the earnings report:
✅ New BTC purchase plans
✅ Debt scale and financing costs
✅ Subsequent capital allocation guidance
✅ Management's stance on BTC
No matter how large the unrealized gains are, they are just book figures. The turning point for MSTR's stock price has never been the unrealized gains already made, but how they plan to spend the money next.The kitchen stove is only so big. When community banks rush in wearing aprons demanding a share of the pot, the two pots of broth—USDT and USDC—stewed for seven or eight years and selling a thousand bowls daily, made the ladle in the chef's hand visibly tremble.
The OCC notice on October 26, translated into kitchen slang, means: even street-side diners can now apply for a “premium broth license.” The recipe must comply with the Food Safety Authority’s standards—one-to-one real ingredients, no watering down, no using leftover broth as filler. You can open your own shop or affiliate with a subsidiary, but you must show your own stove, storage, and fire exits. This basically tells all community banks: that stack of loyal customer lists and payment channels in your warehouse can finally be used to brew broth.
The harshest rule is the ban on issuers paying interest. This is equivalent to the Food Safety Authority decreeing: no adding sugar to the broth to lure customers. Want to offer a sweetener? Let third-party seasoning vendors provide compliant side dishes, but the head chef is not allowed to throw rock sugar into the pot themselves. Canada’s draft on October 24 didn’t slack either, similarly blocking holder yields and capping packaging fees—oops, redemption fees—at one percent. Both sides are closing the loopholes simultaneously, basically saying: the stablecoin broth must be savory, not dessert. Desserts have other arrangements; chefs, hands off.
So what cards do community banks really hold? Loyal customer lists and delivery networks. How much these two things are worth in the restaurant business needs no explanation. A diner with thirty years of neighborhood business suddenly saying it wants to brew its own premium broth will definitely shake the sales of those instant soup packs in the supermarket freezer across the street. But don’t rush to cheer—the skill of premium broth lies in brewing, not just the recipe. The base flavor of those two old broths was nurtured with real money and eight years of simmering; the new pot hasn’t even heated the stove yet.
Moreover, this pot of broth must simmer slowly until January 18, 2027, before the lid is lifted. Over two years of slow simmering, the heat is just right, but slow simmering can also wear out patience. The big clients who needed to leave have long slipped away to other kitchens, leaving only regulars who order from the menu.
As for that US stock tokenized asset $xEWY, what’s served is a molecular gastronomy version of steak—the shape is steak, the cut surface is code, the texture is all foam. The alcohol lamp burning underneath is leverage; turn up the heat, and the foam collapses, leaving only a puddle of hot oil on the plate. Molecular gastronomy looks good, but you’re still hungry after eating.
On this menu of investment portfolios, mainstream coins must firmly hold the main course spot; altcoins are the seasonings sprinkled on the plate—just enough to add flavor, too much steals the show. Leveraged contracts are the super spicy chili pepper—dip a little for a kick, but swallowing the whole thing is a stomach rebellion. The kitchen rules are simple: you can borrow the pot, but not the heat. #uscanadastablecoinpushIs on-chain trading available all day, while the real market never rests?
I came across a stock-like token on the weekend that can still be bought and sold. Does this mean the underlying stock market is also open?
Not necessarily.
It's a bit like being able to place orders at an online store late at night, but the warehouse might not ship at that time. On-chain transfers, token trading, underlying asset transactions, and redemptions each have their own schedules.
Some products allow longer trading hours, but after traditional markets close, reference prices might not be updated by new regular transactions, while buyers and sellers on-chain can still quote different prices.
So, "still able to buy" does not equal "quotes necessarily closely track the underlying asset," nor does it mean you can redeem from the issuer right now.
When looking at these products, you can first find three pieces of information: when trading is allowed, how often prices are updated, and when redemptions are processed. Specifics depend on product rules; not all RWAs operate 24/7.
Speaking of price updates, the next article will discuss an often overlooked question: who actually provides the prices in on-chain lending protocols?Core official (Core DAO) has proactively withdrawn its own validator node, which can be interpreted in two completely different ways depending on whether it is a voluntary offline exit from the validator set or just a temporary shutdown. 1. The most ideal interpretation: Decentralization (positive narrative) The Core network has only 13 active validator nodes in total. - The foundation voluntarily withdraws its official validator node it operates, no longer occupying a validator seat, handing block production rights over to community third-party validators. - This means the project team no longer controls the network, weakening the foundation's grip on the chain, aligning with the goal of decentralization for public blockchains. - This is a common practice in the later stages of many public chains and does not inherently mean the chain is abandoning the project. However, there is a key point here: Although the official node exits, if a large amount of staked delegation remains concentrated in the hands of a few top validators, the network remains highly centralized, only shifting control from the project team to a few large holders. 2. Negative signals to watch out for (market's main concern) If the core official validator node suddenly exits without prior notice, the market generally interprets it as the following issues. 1. Project team operational contraction and budget cuts Running a validator node requires ongoing server and operational manpower costs. - With the token price persistently low and ecosystem revenue below expectations, the team reduces expenses and no longer bears the cost of the validator node. - This indicates the project team is unwilling to continue investing in maintaining the chain, a fundamental weakening signal. 2. Lack of team confidence ProjA 93% year-over-year growth rate is like a check right in the face, but what really tightens the market is the hollow gap that Palantir reveals after its high valuation. This game of Palantir has already entered the midgame: the 149% sprint in U.S. commercial revenue is a strong move pushing the pawn to the seventh rank on the kingside; the upward revision of the full-year guidance means actively steering the situation toward complexity. The issue in Q3 is not whether it can continue to rise, but whether orders and revenue can convert tactical advantages into structural ones. High valuation has never been a talisman; it is the opponent’s deepest opening book for studying you—the higher the market expectations, the less room for error the bulls have.
When I look at this kind of earnings report, I first ignore the headline numbers and focus on three groups of pieces: whether order conversion forms a continuous forced advance, whether commercial client expansion shifts from a single breakthrough to a chain of pawns advancing, and whether the government contract rhythm is merely delayed rather than lost. Revenue growth is the result of piece exchanges; orders hold the initiative on the board. If Q3 just follows the script, it’s like offering a draw in a winning position, and the hanging pawn from the high valuation immediately becomes a target; only if orders and revenue both exceed expectations can the hanging pawn be turned into a passed pawn, forcing the opponent into an endgame. The linkage with $xNFLX is more like a mirrored board: every valuation adjustment on the main board amplifies into a passed pawn sprint or piece loss there. Don’t put all your pieces on an unprotected pawn; the key to position management is distinguishing between a “check” and a “false check”—revenue beating expectations without order quality backing is just a tactical smokescreen; strong orders with delayed revenue recognition may be a strategic setup.
True masters have calculated twenty moves ahead before placing a piece: Palantir must defend its high valuation not with stories but by using orders to push its business model into an irreversible pawn structure. The linkage with $xNFLX won’t reward followers but only those who understand the main board’s sacrifice intentions. The decisive move in this game is not revenue growth but whether orders can turn the high valuation from a hanging pawn into a passed pawn; if Q3 just follows the script, $xNFLX’s linkage will first cash out your pieces. #palantirq3valuationThe earnings call is not a new product launch event, but a load test after the main structure is topped out—the initial sales of the 18th generation Pro model are just freshly demolded concrete. What we really need to listen to is how the new leader will reinforce the beams on the two scissors braces of rising memory prices and the smart computing power race. First, verify the foundation: Apple's supertall building doesn't rely on the bustle of a flagship store on one floor; the raft foundation is the service ecosystem, self-developed chips, and cash flow, while the core tube is the phone business. The initial sales entering the chart means the core tube starts bearing weight. If sales rely only on the short-term live load of the upgrade wave but dare not make edge intelligence the main mechanical and electrical trunk, no matter how bright the curtain wall is, it cannot hide the noise of the equipment floor. Rising memory costs are like the price increase of main steel materials, directly squeezing the general contractor's gross margin; the new leader's first earnings call is the construction drawing handover. Don't just listen to the vision; see if he can realign the three sets of beam and column nodes for procurement, pricing, and R&D, and keep change orders within the deviation allowed by the structural calculation book. In construction, the worst is not flashy drawings but conflicts between structural and MEP systems: smart functions require computing power, computing power requires power consumption, power consumption requires cooling, and cooling in turn bites into battery and body thickness—this is a typical integrated pipeline collision. If collision checks are not done at the design stage and only change orders are relied on later, the building can be topped out, but the equipment floor will alarm every day. Apple's long-term scalability depends on whether it can make edge intelligence, cloud services, and hardware gross margin into three independent yet interlocked load-bearing systems, rather than putting all the load on the floor slab of a single new generation device. Memory price hikes are fluctuations in main material prices; how much can be absorbed through long-term procurement price locking, product mix upgrading, and supply chain redundancy is the general contractor's management capability. The new leader's first earnings call is like a supervisor's regular meeting: the three tables of schedule, cost, and quality must align. If only brand momentum and user loyalty are discussed without talking about gross margin buffers and the capitalization rhythm of R&D investment, then it's using renderings to replace as-built drawings. The initial sales of the 18th generation Pro model are a sample section; a beautiful sample section does not mean the entire building passes fire performance acceptance; the real growth signals lie in the structural rigidity of service revenue, the dampers of upgrade cycles, and whether smart functions can form reusable MEP standard floors. Mapping targets like $xDELL are like connecting corridors; when the main building experiences wind vibration, they amplify the sway. Short-term pulses look good but do not mean the main structure has an additional seismic joint. My professional judgment is firm: if Apple's current earnings report cannot provide coaxial nodes on the two load paths of cost and intelligence, the initial sales figures of the 18th generation Pro model are just surface appearances after demolding, and beam end cracks will appear before the rooftop sign. #appleq4iphone18outlook Seeing the dedicated payment channel, people tend to think about an application explosion. BNB Chain announced that the Jenner hard fork has been launched on the BSC testnet, with the payment channel by default reserving 5% of block Gas for eligible payments.
On the other hand, let me discount the positive news first: first, reserved capacity does not equal payment demand; second, the payment channel and the compliant asset standard CAS20 still require governance before full activation, so there are variables in implementation. I will monitor actual usage and not consider the testnet launch as demand fulfillment.Conclusion first: RLUSD has obtained Moody's A2 rating and OCC license, but redemption privileges and bankruptcy isolation are not yet in place, so it's too early to switch now.
On 10/28, Moody's gave RLUSD an A2 rating (the sixth highest long-term rating), with reserves mainly in US Treasury cash and custody by BNY; only qualified institutions can redeem at face value. On 10/26, Ripple received final approval from the OCC, with a trust bank managing the reserves, and the issuer still being Standard Custody (NYDFS).
But rating ≠ guaranteed redemption: Standard Custody is not a bankruptcy-isolated entity, holders do not directly own the reserves, and the GENIUS Act will only take effect in 2027.
The wallet looks at three numbers:
1. Market cap of 2.63 billion (CoinGecko), total stablecoin market about 300 billion.
2. On OKX, RLUSD-USDT 24-hour trading volume is 9.08 million USD, accounting for 5% of the global 182 million; USDC-USDT in the same period is 248.7 million, 27 times more.
3. The contrast is here: RLUSD-USDT best buy order is 4.62 million USD, 6 times that of USDC-USDT best buy, showing sufficient depth but trading volume hasn't caught up.
Nearly 1 billion RLUSD is on the XRP Ledger.
How much would you switch to RLUSD? $RLUSD $XRP Q surged once again but then fell back; the faster it rises, the more real the drop is.
Short at 0.0645, current price 0.0587, floating profit +192%.
The logic is just three points: no more room to rise, tokens too concentrated, unlocking is on the way.
Support at 0.05; if broken, then 0.0475 → 0.02 vacuum zone.
Small position, use stop loss, don’t get carried away. And on November 2, 241 million Q tokens will be unlocked. Don’t befriend the unlocking date.GRASS dropped nearly 12%, with amplified trading volume at 12:00, but only about 30% remained in the next hour.
OKEx spot data shows that the hourly trading volume at 12:00 reached approximately $89,600, nearly double the previous 20-hour average of $46,700; at 13:00, the hourly volume dropped to $28,600. The price moved from 0.6467 back up to 0.6510 over two hours, and was about 0.6524 at 14:04. The nominal value of contract open interest decreased slightly from about $5.871 million at 12:00 to about $5.859 million at this time, with no simultaneous increase observed.
My judgment remains cautious. The price is recovering, but the trading volume relay is weakening. The easiest misjudgment is equating a continued price increase with sustained buying pressure; since nominal open interest value is influenced by price, it alone cannot determine who is exiting the market.
I am more focused on whether the trading volume of the next completed hourly candle can again exceed the recent average, accompanied by increases in price and open interest. If volume continues to shrink, this recovery currently lacks stronger confirmation.
$GRASS $ETH ETH reported at $2,323, ancient chips are awakening, and leveraged longs are bleeding
On the morning of October 29, there was intense on-chain activity: an ancient address dormant for 11 years transferred out 5,000 ETH, of which 1,500 ETH have been deposited into a CEX. Based on the ICO cost of $0.31 at that time, the unrealized profit exceeds 7,500 times.
The Ethereum Foundation on October 26 again sold 2,785 ETH in batches via CoW Swap, at an average price of about $2,304, exchanging them for USDS to earn interest.
The leverage side is also under pressure—ETH liquidations in the past 24 hours reached 286 million, exceeding BTC's 197 million; Binance long accounts are 2.76 times the number of short accounts, and crowding itself is a contrarian indicator.
Macro perspective: On October 28, the Federal Reserve maintained the interest rate at 3.75%-4.00%, but the market prices in over an 80% probability of a rate hike in December. Energy prices are pushing up inflation expectations, putting pressure on risk asset valuations. #美联储维持利率不变，12月加息分歧升温 Sun Yuchen Allocates BTC Funds to PEPE: Analysis of This Strategic Layout
1. Position Rotation: Maintain a Safe Base Position, Use Profit Positions to Capture High Volatility
Bitcoin is the ballast stone of the crypto market, a slow-moving asset with limited volatility; PEPE is the meme leader with extremely high elasticity and market explosiveness far exceeding BTC.
The underlying idea of this layout: keep BTC as the core base position to hold the fundamental position in the crypto sector; extract the floating profits and short-term offensive positions from BTC’s rise and switch them to the high-beta meme sector.
He has publicly expressed concerns about Bitcoin’s long-term quantum computing risks. During BTC’s sideways consolidation and limited short-term upside, using part of the profits to speculate on sentiment-driven markets is a typical "stable base position + speculative offensive position" combined strategy. It’s not bearish on Bitcoin or a full abandonment of BTC, but a layered capital allocation.
2. Creating Consensus Through News, Leveraging Whale Status to Drive Traffic Premium
Sun Yuchen himself is a highly influential figure in the crypto circle with massive inherent traffic.
Using BTC funds to buy PEPE naturally generates buzz: "A big player reallocates from Bitcoin to Frog Coin," easily igniting widespread discussion and creating FOMO sentiment. Meme coins lack technical or cash flow support; their value lies in traffic and consensus.
When the market widely spreads the narrative "whale sells BTC to enter PEPE," retail investors follow suit, causing concentrated buying pressure that rapidly drives up PEPE’s price. After buying, he withdraws and locks the tokens from exchanges, further reducing circulating supply and amplifying the price surge, effectively leveraging his influence to magnify market momentum.
3. Exchange Resource Synergy: Activating Traffic and Fees on Owned Trading Platforms
He is associated with HTX and Poloniex exchanges. PEPE is a top meme sector asset with high trading heat and turnover.
After heavy PEPE holdings, he can coordinate launch events, trading competitions, and liquidity support to attract many retail traders to trade PEPE on the exchanges, boosting platform trading volume and fee income.
Simply put: holding positions is only part of the profit; the trading volume generated by market heat brings another layer of revenue, a dual benefit from holdings plus platform business.
4. Betting on Market Rotation Cycles: Meme Markets Tend to Follow During Sideways Phases
The crypto market has a fixed rotation pattern: BTC starts first, then funds flow out to altcoins, and finally rotate to the meme sector.
When BTC enters a consolidation bottoming phase with weak upward breakout momentum, idle speculative funds seek small-cap, high-elasticity assets.
He bets on this phase: BTC no longer rallies unilaterally, market funds start seeking short-term windfall opportunities, meme season begins, and PEPE, as a veteran meme leader with the best liquidity and strongest community base, is the top choice in meme markets.
5. Sector Differentiation Hedge: Hedging Risks of Bitcoin’s Single Narrative
On one side is Bitcoin’s long-term narrative (digital gold, reserve asset), accompanied by bearish factors like quantum risk, regulation, and ETF fund volatility; on the other side is PEPE’s pure sentiment narrative with completely different market-driving logic.
The correlation between the two assets’ price movements is not always synchronized: when BTC weakens and funds seek safety, speculative capital sometimes clusters to trade memes. Allocating part of the funds to assets driven by completely different logics diversifies the risk of a single bet on Bitcoin.When I look at the prediction market for Bitcoin's price fluctuations, I usually check the order book first. The odds seem like a market consensus, but if both the buy and sell sides are thin, even a small order can push the price around. How many people's judgments are really behind this? Compared to regular spot trading, it's also constrained by settlement time and results. Sometimes I haven't even researched the event itself, but I get stuck at the order book: my judgment hasn't changed, but before the result comes out, I want to exit, and if no one takes my order, that's pretty frustrating.News on October 28: RedotPay is seeking a valuation of $5 billion. They've been quite active this year: obtaining an Argentine VASP license in March, while also completing MSB registrations in Canada and the US, and then securing another VASP registration in a different jurisdiction in June.
This is a signal for those working on U cards: the market is starting to price "card issuance + compliance licenses" itself, rather than just looking at user numbers and transaction volumes.
Why are licenses valuable? Because the crypto payment card chain is inherently long—card issuer, BIN sponsor, processor, fiat exchange channel—each link requires the corresponding license. Whoever can control these links themselves doesn't have to rely on others' goodwill and won't have the entire chain broken if a partner is investigated.
I've seen too many cards "suddenly become unusable," often not because the product was poorly made, but because an upstream partner ran into trouble.
So now when I look at new cards, my first question isn't how much cashback they offer, but who the card issuer is and what licenses they hold in which jurisdiction. PayAll compiles this information into comparable items, saving a lot of time on verification—when you have over 100 cards laid out together, you can immediately see which ones have a stronger foundation.Q: Why do I always want to grab a calculator when I see large amount alerts?
A: Because the amounts look intimidating. I only get a real sense of it when I convert it into how much money is at risk with each price move. Just seeing "tens of thousands of dollars" makes me overimagine.
Q: So what should this new short position really be calculated as?
A: Core Trader 57 opened a short of 529.09 SOL with 6x leverage, with a nominal value of about $52,700. My judgment is that nominal value is less useful than profit and loss sensitivity: with the position unchanged, for every $1 increase in SOL price, the unrealized loss increases by about $529, excluding fees; leverage only reduces margin requirements and does not reduce this price loss. Since the data doesn’t provide account equity or other positions, I can’t calculate the account’s capacity to bear this, nor would I interpret a large position directly as strong confidence.
Q: If monitoring could only add one more field to help you assess the risk of this short position, would you choose account net exposure or stop-loss price? Why?On November 29, a batch of HYPE tokens will be unlocked, gradually releasing 2.66%-3.6% of the total supply over the next two years, valued at approximately $314-316 million at current prices.
There has already been some movement before the unlock: about 2.6 million HYPE (around $91 million) were unstaked, and after a brief dip early Tuesday morning, the price rebounded.
I've always felt the unlock event is overanalyzed. The key is not "how many tokens are coming out," but "who will absorb them." Consider some figures: Q3 perpetual fee revenue was $165.5 million, and the Assistance Fund uses 88.7% of the fees collected to buy back HYPE on the market, currently holding 48.11 million tokens, accounting for 4.81% of the total supply. The daily fee income is about $2.2 million, annualized over $1 billion.
In other words, the protocol itself has a continuous buyback channel. The selling pressure from the unlock is real, but the other side is not empty.
I don't recommend making directional bets just because of the unlock—that's guessing. A more practical approach is to see if your position can withstand the volatility—especially when using leverage, as volatility will noticeably increase in the days around the unlock.
At times like this, the biggest risk is insufficient margin leading to forced liquidation. On HyperFill, I make sure to reserve extra margin in advance, preferring to open smaller positions rather than being passively forced out by volatility.$XMR has shown an interesting signal in the past couple of days: a new wallet deposited 4 million USDC into Hyperliquid, then opened a 5x leveraged long position on 3,000 XMR.
Let's break down the numbers. With 3,000 principal and 5x leverage, the nominal exposure is close to 1.78 million USD. Compared to the 4 million USD deposit, this position only uses less than half of the margin, leaving the rest of the funds idle in the account. This detail is more noteworthy than the position size itself: daring to open 5x leverage but not fully utilizing it indicates an intention to withstand volatility rather than just gamble and run.
Why this particular asset is also worth considering. The market has been oscillating around 80,000 for a long time, and mainstream coins have yet to provide clear direction, so capital naturally flows to small-cap assets with independent narratives. XMR happens to be the privacy coin that still retains liquidity and attention; once funds are willing to take a leveraged stance, its price elasticity is much greater than BTC.
However, a single transaction from one address does not constitute a trend. What really needs to be tracked are two things: first, whether there is continued accumulation or reduction of positions afterward; second, whether the spot price can hold key levels, rather than just the contracts being active. If the price cannot hold, no matter how large the margin is, it’s just bullets on paper.
XMR is currently priced around 118, with the 120 round number as a key level to watch. For reference only, this does not constitute any investment advice. Q3 data is out: Hyperliquid's open interest doubled to about $13 billion, accounting for approximately 53% of the entire perpetual DEX open interest market. During the same period, Variational grew by 78%, Lighter by 107%, and Aster by 66%—all increasing, but the gap hasn't narrowed.
What’s more noteworthy is the structure. Hyperliquid’s OI share is 58%, but its trading volume share is only 38.6%. What does the difference between these two numbers indicate? Users stay longer here, and capital retention is deeper. This volume isn’t driven by subsidies; people are genuinely placing positions here.
Q3 matching volume reached $688.7 billion, a 9.2% quarter-on-quarter increase, while the total on-chain perpetual trading volume halved from its peak at the end of 2025. In other words, the market is contracting, but the leading players’ shares are expanding.
My personal feeling is that depth is not noticeable in normal times but becomes apparent during extreme market conditions. For the same $100,000 market order, a platform with sufficient depth might have slippage of only a few basis points, while one without enough depth could wipe out half your profits.
So when choosing a trading venue, the first thing I look at isn’t the fee schedule but the actual execution during extreme market conditions. HyperFill’s effort in this area is execution quality—whether you can lose a little less on the same decision.Ethereum price remains volatile, but whale 0xdeA6 is still borrowing more funds to accumulate more. This strategy looks very risky!
This wallet just deposited 4,000 $ETH (worth $9.4 million) to Aave, borrowed 6 million USDT, and transferred it to Binance. The total collateral is currently 22,504 ETH, with about $31 million in stablecoin debt.
The health factor is only 1.42. A sharp drop in ETH price will put pressure on liquidation. Are the whales overconfident, or are they making a huge gamble? $ETH Federal Reserve meeting outcome: why did it rise first and then fall?
Last night, the core of the Federal Reserve meeting was not a rate cut benefit, but a pause in rate hikes, without releasing a clear easing signal. This is why Ethereum rose initially. The market first traded on the good news that interest rates would remain unchanged temporarily.
Subsequently, during the Q&A session, Waller stated: economic activity was upgraded from previous steady expansion to strong expansion, and employment performance was relatively stable.
Additionally, two members advocated for a 25 basis point rate hike: indicating that there are still hawkish voices within the decision-making body, and the possibility of further tightening policies in the future has not disappeared.
Not only influenced by the Federal Reserve, the ETH price premium indicator on US trading platforms has continuously been negative, and spot ETH ETFs have also seen consecutive net outflows of funds. This means some US market buying interest is weak, and the macro rebound may not be sustainable.
#美联储维持利率不变，12月加息分歧升温 $BTC Total market value returns to 3 trillion, but BTC dropped from 87,000 to 81,316 - 3 trillion is a reflection of sentiment, not a capital reservoir. $BTC: 81,316 USD. The level above 87,000 USD is the concentrated cost area for buyers over the past two years; selling pressure has twice ended this year's uptrend. This rise is accompanied by short squeeze and leverage accumulation; 87,000 acts more like a short-term ceiling than the start of a new trend. $ETH: 2,359 USD. ETF still had a net outflow of 88.6 million USD in one day, BlacIn the news about this round of negotiations, there is a detail that makes me hesitant to be directly optimistic.
The Iranian Foreign Minister stated that they are discussing with mediators how to implement a seven-day plan to end the war and reopen the Strait of Hormuz; however, another senior Iranian official said that some ideas proposed in the latest mediation are unacceptable.
The coexistence of these two statements indicates that diplomatic contacts are indeed continuing, but there may still be a significant gap before all parties accept the same set of conditions.
Therefore, oil prices can fall due to hopes from the negotiations, but it cannot be assumed that supply risks have been eliminated just because a "plan has emerged."
This time, I will pay special attention to whether there is a mutually agreed arrangement afterward. Unilaterally describing one's own plan and having the opponent agree to implement it are different stages. Asset unfreezing, sanction adjustments, and blockade issues will also affect whether progress can ultimately be made.
Of course, I hope the situation eases. Long-term high energy costs are tough on ordinary consumers and businesses alike. But after seeing several rounds of back and forth, it is hard to be immediately convinced by a single statement of "progress made."
What the market is trading on now is the possibility of reaching an arrangement; what needs to appear next is an action both sides can jointly confirm. Whether the oil price decline can continue largely depends on this shift. When there is a lot of news, the scarcest thing is often both sides saying the same thing.
#霍尔木兹重开方案浮现，油价回落能否持续？ Woke up to everything rising, but only my positions quietly bleeding. Have you ever had that feeling: the more lively the market, the more you feel left behind? What hurts me most this round isn't the loss itself, but the misaligned rhythm. PONS rose over 20%, RIVER also rose more than 10%, yet my account shrank by 6000u, mainly because these two positions were against the trend. It looks like "the market is bad," but actually I was on the wrong side and stubbornly held without correction. Data snapshot: - PONS intraday gain over 20%, strong momentum, short-term sentiment is somewhat euphoric. - RIVER rose over 10%, strengthening in sync, indicating it's not an isolated move. - My account drawdown is about 6000u, losses concentrated in counter-trend short exposures. - ETH, as a reference, is also warming up, risk appetite hasn't noticeably contracted. - This week also has the October FOMC rate decision, a macro variable hanging overhead. Momentum signals and risk signals should be viewed separately. On momentum, altcoins are strengthening simultaneously, ETH isn't dragging behind, indicating short-term funds are willing to take risks; on risk, small-cap pumps like PONS and RIVER will quickly draw back once macro turns hawkish. What I overlooked is the second layer of transmission: under cross-market linkage, US stock risk appetite and rate expectations first affect ETH, then pass to altcoins, while my position structure left no buffer. The bullish path is: sentiment holds before FOMC, ETH stabilizes, strong coins continue to attract chasing orders. The bearish risk is $IRYS This coin will have posts deleted as long as someone says the project team is bad or predicts it will drop.BTC has already rebounded 40%, but I am still bearish.
The highest in the first half of October was 87,200, and the highest from mid to the 28th was 84,900.
Three local lows: 80,400 → 79,800 → 79,200.
The rebound height is decreasing, and the pullback lows continue to move lower. This is the basis for my bearish stance.
The price is still above the 200-day moving average, but I pay more attention to the weakening structure in October, currently judging this as a bear market rebound.
Only after reclaiming and holding 84,000–85,000, and then making higher highs and higher lows, will I turn bullish.Seeing this kind of hourly surge, I get a familiar feeling from the last round: once the increase is eye-catching, everyone starts asking if it's its turn. I now tend to suppress the excitement first.
Hyperliquid perpetual public market shows that $kPEPE rose 4.45% in the past hour, from $0.004943 to $0.005163; 24-hour trading volume is about $62.97 million, open interest about $52.76 million, funding rate 0.0013%/hour.
Unlike the last round where it was easy to mistake the anomaly as a starting point, this time I prefer to see it as a localized emotional warming, not yet a cycle switch. The hourly increase indicates short-term activity, but a single asset cannot represent sector-wide spread; a positive funding rate means longs are paying costs, but it doesn't equal continuous spot capital inflow. My judgment is that the heat is there, but sustainability lacks evidence.
Do veteran players have the same familiar feeling? Do you wait for continued volume first, or watch if similar assets follow?After the FOMC announcement, the market is waiting for the next shoe to drop (๑•̀ㅂ•́)و✧
Last night, the FOMC maintained interest rates unchanged with a 10:2 vote, which was expected. It was originally considered a small positive, but Wash's comment that "inflation remains high" kept the probability of a December rate hike at 76%, so market sentiment didn't fully relax _(:з」∠)_
On the market front, OKB became one of the few highlights: X Layer's RWA market cap growth last week ranked 3rd among public chains, combined with a 3x increase in trading volume, pushing the price above 110. Technically, it first broke through MA7 (109.59), next to watch if MA20 (115.40) and MA30 (118.48) can be tested in sequence; the path is quite clear.
PEPE is also strong but seems more like an independent rally: driven by Sun's selling and hoarding, plus news of a possible ETF approval, which has little to do with rate hikes. Spot volume in 24 hours increased 2.1 times to $45.86 million, and contract volume rose 1.7 times to $587.9 million, marking a real breakthrough linked to this movement ฅ^•ﻌ•^ฅ
BTC surged to 81,000 then pulled back, with dense resistance above, MA20 (81,823), MA30 (82,619), and MA60 (81,485) all pressing down, making a breakout difficult.
This week likely won't see major moves; the focus is on the midterm election results on the 3rd. Once uncertainty settles, the short-term list of negatives will mostly be behind us～(￣▽￣)~*
$BTC $PEPE $OKB
#美联储维持利率不变，12月加息分歧升温 $DOS Don't bother digging into technical indicators for this $DOS chart.
No matter how good the technicals are, 79% of the tokens are all in the hands of the whales, and the candlesticks are drawn based on their mood.
What's worse, there are 4 times the current amount of locked tokens outside the pool, and the official hasn't even released a transparent unlocking schedule.
With this level of heavy market control combined with massive selling pressure looming overhead, pumping a big green candle is just a way to find liquidity for offloading. Jumping in to bet on a rebound now is purely fuel for the whales to cash out.
#DOS
$DOS
👇$SOL Looking back at the 2020–2022 altcoin cycle, the harshest part wasn’t the price surge, but first shaking people out. SOL surged from $1 to $5, then dropped back to $1, and after about 9 months touched $195, nearly 200 times; NEAR rose from $2 to over $7, fell back to $1.5, and later also surged to around $20.
Nowadays, when dealing with altcoins, often the only way to sleep well is to move in and out quickly; holding longer, the biggest fear might not be missing out, but getting liquidated first. The cycle really wears down people’s patience.Iran's stated four-day Hormuz reopening window, reduced from seven after sanctions relief, is a meaningful operational signal but not a transit guarantee. The unresolved sequence is the problem: Washington wants nuclear talks first, while Tehran ties reopening to relief.
UBS lifting year-end Brent to $110 reflects how inventories and shipping costs keep that dispute priced into oil. A formal plan would need sequencing, not just intent.
#HormuzReopeningPlan #USMidtermElections Trump's approval rating has dropped to 32%, close to a historic low. The midterm elections in 5 days could very well become a watershed moment for his second term and also decide whether the long-awaited bill for the crypto industry will have a chance 🧐🧐
The midterm elections can be understood as a "midterm exam" for the president, and Trump's report card this time is obviously not looking good.
The current situation is: the House of Representatives now has 218 seats for the Republicans and 214 for the Democrats. The Democrats only need a net gain of 3 seats to flip control. Nationwide polls show the Democrats leading by nearly 9 points, and combined with the president's low approval rating, a change of control in the House is basically the mainstream expectation.
⚠️ What does this have to do with the crypto world? (Key point!!!)
Trump is the most crypto-friendly president in history, but for his policies to be implemented, he needs Congress. The crypto market structure bill, the CLARITY Act, aims to clarify which coins fall under SEC jurisdiction and which under CFTC, and to set rules for exchanges. It is the "compliance ID" the industry has been waiting for many years. On September 15, it failed in a Senate procedural vote 49:50, losing by just one vote.
Who controls the new Senate basically determines whether this bill will be restarted next year or continue to be shelved. If the Democrats take the Senate, and key committees are led by members like Warren who are skeptical of crypto, regulatory clarity will be delayed at least another year. This is why the crypto industry has spent about $176 million participating in over 100 elections this time. Even if the president supports crypto, it’s useless without Congress cooperating. Samsung sets a record, but its stock price plummets: the problem isn't performance, it's the lack of surprises
The financial report is not bad: revenue and operating profit have hit new highs for four consecutive quarters. The only weak point is net profit of 75.2 trillion KRW, below the expected 89 trillion, mainly dragged down by non-operating items.
Why the sharp drop?
First, no surprises. The core figures were already announced in the early-month earnings preview; the official report is just a "repetition," and the market wants new variables.
Second, profits are too uneven. The semiconductor segment contributed about 106.5 trillion KRW in operating profit, supporting the entire group; meanwhile, the DX division, which includes mobile phones and home appliances, actually lost 0.8 trillion KRW. Once price hikes slow down, who will drive growth?
Third, spending is too aggressive. Annual capital expenditure is 84.4 trillion KRW (about $63 billion), a 60% increase, consuming cash, adding supply, and increasing depreciation—when new capacity comes online, how much profit margin will remain today?
The 30 trillion KRW dividend was already priced in, so its stimulus is limited.
Therefore, this is a gap between expectations and ongoing repricing, not a sign of a cycle peak. Management still expects strong demand and tight supply through 2027. After SK Hynix's earnings report and surge, the pressure on Samsung's HBM catch-up is even more apparent.
Looking ahead, three things matter: whether order prices can be revised upward to improve profit forecasts, and whether free cash flow can keep pace after capacity expansion.
Setting records only proves this quarter was good. For the stock price to continue rising, it must prove the future is better than the market expects. $HYPE
This morning I said the 14.49 million redemption by HyperLabs was nothing, but then at noon another transaction came: a certain whale transferred 387,000 HYPE to Coinbase, which at the current price I pulled is just over 30 million.
Today's news about HYPE basically all points in one direction. But the market here, current price 79.4, 24-hour low 78.14, after the morning dump it pulled back, and the fee rate is still slightly positive.
The volume check is even more interesting: OKX's HYPE 24-hour trading volume is 1.81 million tokens, and this one transfer accounts for one-fifth of that. Open interest remains steady near 100 million USD without moving. Money is moving towards exchanges, and the price still holds above 78.
78 has held twice today. When the third time will come, and whether it will hold again, I won't guess. No position changes, just watching.
#美联储维持利率不变，12月加息分歧升温 $BTC
ETF net inflows have continued for three consecutive days, yet the coin price has fallen back below 80,000. Do these two markets seem like they're each doing their own thing?
Yesterday, the spot ETF had another net inflow of $137 million, marking the third consecutive day. I casually checked OKX's price; the current price is 80,287, with a 24-hour low of 79,666, still hovering below 80,000.
The futures side is even more interesting. Open Interest is still $2.58 billion, and during this drop, it hasn't really withdrawn much. The fee rate is 0.035%, and almost no one is rushing to go long.
I'll take a stance: don't treat the ETF's slow money as a bottom-fishing signal. Institutions are rebalancing their portfolios, and the rally is a rally. Below 80,000, I'll keep watching the show and won't add long positions.
#美联储维持利率不变，12月加息分歧升温 Interest rates unchanged, but two votes favor a rate hike
Interest rates remain at 3.75% to 4%, with a vote of 10 to 2.
Both opposing votes are for a rate hike.
How this number is calculated:
The probability of a rate hike in December is reported to be over 85%.
The 10-year US Treasury yield peaked at 5.025%.
With borrowing costs this high, leveraged long positions can't hold up.
Who is placing orders here:
$BTC surged from 80800 to 81768, then was hammered back to 81130.
The long upper shadow at 81770 is where sell orders are stacked.
Funding rate is 0.01%, longs are not chasing.
81450 above is the first resistance level.
If 81770 can't be surpassed, the rally is just a rebound.
Stop-loss orders are placed below 80700 and have already been triggered.
#美联储维持利率不变，12月加息分歧升温
#$BTC $ETH, why didn't the price rebound bring ETF buying confirmation? As of October 28, the US spot Ethereum ETF saw a single-day net outflow of about $21.4 million, and a net outflow of about $1.41 billion over the past 30 days; during the same market volatility, ETH futures liquidations were about $72 million. If net outflows narrow and on-chain fees and activity rise simultaneously, demand recovery is more credible; if there is only a short-term rebound while funds continue to withdraw, valuation is hard to sustain based on sentiment.10 Hot News / Data Affecting Bitcoin TodayBitcoin still has room for a short-term rebound, but I don't expect a big surge; the buying pressure is clearly more aggressive. Ethereum is also leaning towards a rebound, but its momentum is weaker, so don't expect it to lead the rally. If you find this analysis helpful, remember to follow and like; your support is my greatest motivation to keep updating. Bitcoin's low in the past 12 hours was 79,709.50, and the high was 81,797.50. The buying pressure on Bitcoin is fierce, yet the price only bounced slightly from the lower boundary of the range. Active buy orders in monitored addresses clearly outweigh sell orders, with short covering, increased longs, and short-to-long flips appearing consecutively; however, the price retreated from the upper boundary back near the lower boundary, with limited recovery. More buy orders are absorbing below, but they haven't pushed the price back up. Publicly bullish sentiment also dominates, but sentiment is not price. Additionally, some large orders are unclear, so I haven't factored them into longs or shorts. In the short term, I lean towards a rebound rather than a big surge—first, let's see if it can hold above the lower boundary; if it can't, it remains weak. Ethereum's low in the past 12 hours was 2,293.93, and the high was 2,391.94. Ethereum's buying pressure is only mildly dominant, much softer than Bitcoin's. Its price also dropped from the upper boundary to near the lower boundary and is now just slightly rebounding. Both fell back together, with Bitcoin's buying pressure stronger and Ethereum appearing hesitant. Moreover, media reports indicate that the Ethereum client is patching a vulnerability that could be exploited to redirect rewards, which will limit rebound potential. So, Ethereum can follow the short-term rally but is unlikely to lead; I see the rebound but won't chase it—I'll wait until it stabilizes above the lower boundary of the range. Next, let's see if they can hold near the lower boundary and move up; if active buying weakens, price... $PONS PONS is pulling a pretty funny move this time.
The largest holder in position is hyping up Robinhood news aggressively, but when you look at the order book, there’s no decent spot buying at all—it's all short sellers being forcibly liquidated and turned into buyers.
It's definitely satisfying to see shorts getting liquidated and eating liquidity, but once this batch of fuel burns out, let's see who will take over this big pot.
#PONS
$PONS
👇At 2 a.m. Beijing time on October 29, the Federal Reserve announced the interest rate decision for October 28 local time in the U.S.: by a vote of 10 to 2, it maintained the federal funds target rate range at 3.75%—4%, with two dissenters advocating for a rate hike. The most pressing question about this decision is: since the rate remained unchanged, can we infer that a rate cut will come next? The answer lies in the direction of the dissenting votes, the economic description, and the distinction between market pricing and policy decisions. 【Two dissenting votes called for a rate hike this time】 Lisa D. Cook and Beth M. Hammack opposed maintaining the rate and advocated raising the target range by 25 basis points, i.e., 0.25 percentage points. The action they hoped for was tighter than the final decision. Therefore, the 10-to-2 vote records the committee members' choice for this action. It clearly shows the immediate preference of the two dissenters but does not explain under what conditions the other ten believe a rate cut should occur, nor can it be used to predict the next vote. It is also important to distinguish the scope of these numbers: 3.75%—4% is the federal funds target rate range, not a uniform rate applied to all dollar loans, deposits, and Treasury securities. The policy rate remaining unchanged is different from market financing quotes remaining unchanged. 【Economy still strong, inflation problem not yet resolved】 The statement's description of the economy is not weak: economic activity is expanding robustly, domestic spending is resilient, productivity growth is strong, capital investment is steady; employment growth is in line with labor force growth, and the unemployment rate has changed little. Meanwhile, the statement still says inflation is elevated and indicates the need to accumulate1029 Noon
SK Hynix's financial report is quite interesting.
Q3 results exploded directly, with profits soaring year-on-year, but the stock price didn't really react. The reason is actually simple: the market had already priced in the expectations. What really matters now is not how good the financial numbers look, but how much HBM4 can ship later and how long this AI demand wave can last.
Looking at this from the crypto world perspective, it's even more noteworthy.
AI is truly attracting capital now, and it's doing so fiercely. Chips, computing power, data centers, even some mining companies themselves are starting to lean towards AI hosting. Simply put, with the same amount of money, AI is telling a better story to the market with higher certainty, so capital naturally wants to flow there.
This is also why the crypto market lately feels like it's missing a breath.
$BTC has been hovering around $80,000, with no volume to push it higher and buyers stepping in when it dips, making it look lively, but in reality, incremental capital is not much. $ETH is even weaker; the trend around 2350 has already been broken, and funding rates are dropping, indicating that short-term sentiment is clearly not as strong as before.
So now I think the crypto market's weakness is not simply because everyone is bearish, but because the market's money is being diverted elsewhere.
AI is still wildly talking about growth, while crypto is still digesting leverage and existing capital.
Next, it depends on whether the $80,000 level can hold.
If it holds, the grinding continues; if it doesn't, the subsequent liquidations will be the real trouble.$BTC $ETH
📅 October 29, 2026 · BlackRock's Two Algorithms
🚨 BlackRock made two completely opposite directional moves today.
On-chain data shows that BlackRock transferred nearly $200 million worth of ETH to Coinbase through four transactions in the past two days, with the most recent one 15 hours ago, suspected to be preparing for a sell-off. At the same time, its Bitcoin ETF wallet received a total of 3,441 BTC from Coinbase Prime, valued at about $276.7 million.
This is not a small position adjustment. Sending ETH to the exchange on one side while withdrawing BTC from custody on the other. The world's largest asset manager cast opposite votes with real money on these two assets at the 80,000 mark.
ETH's October ETF net outflow has already exceeded $1 billion, with BlackRock's own ETHA being the largest source of outflow. Meanwhile, on the Bitcoin ETF side, IBIT absorbed $286 million in two days, with 90% of the funds concentrated in it alone.
Same issuer, same infrastructure, two completely different pricing judgments. 👀🐷🐷🐷#谷歌Q3营收增长，净利润下滑、每股收益不及预期 The answer is out, everyone is shorting it, is money that easy to make? The last time the earnings exceeded expectations and surged, I shorted a bit and ran, the short entry cost was 381, then it kept falling to the current low of 288 #微软Q1营收增长，Azure增速至48%超预期 Microsoft released its fiscal year 2027 Q1 report last night. Revenue reached $92.28 billion, a 19% year-over-year increase, significantly exceeding market expectations. The real highlight was Azure, which disclosed its absolute revenue for the first time, achieving $33.17 billion in a single quarter with a 48% growth rate, faster than the previous quarter's 43%, and clearly outperforming market expectations. Microsoft's overall cloud revenue was $63.9 billion, up 30%. Azure has become the company's largest single business.
The CFO said demand still exceeds supply, with Azure's growth expected to reach 49% to 50% next quarter. Capital expenditures were $45.2 billion, free cash flow $18.6 billion, maintaining a strong cash position. After-hours stock price rose about 4%. The company reorganized its business into Agents and Infra and device consumption segments; the cloud now accounts for the absolute majority, while consumer hardware is declining.
These figures indicate that AI infrastructure revenue is genuinely materializing, not just supported by narratives. Customers are truly paying for computing power, and paying more willingly. Microsoft's cloud acceleration basically puts the return on AI investment issues on hold for now. Capacity is still catching up, but demand no longer needs to be proven. The remaining question is how quickly they can deploy machines and sustain this momentum. $BTC Let's summarize the Federal Reserve meeting early this morning and the macro events coming up today. Sigh, this week is really information-dense. First, the vote was 10 to 2 to keep rates unchanged, but the statement clearly indicated that inflation remains elevated and the committee needs to gather more information. So, I don't think this is a particularly dovish statement; it's still a muddled choice, neither here nor there. It's hard to say liquidity will improve just because rates remain unchanged. High valuation assets like $BTC and highly leveraged positions will continue to be suppressed.
Next, let's see what will happen today. First, the European Central Bank will announce its interest rate decision. The decision's views on energy prices, inflation stickiness, and economic growth will directly impact the dollar, euro, bond yields, and cross-market capital allocation. From the current perspective, risk assets may still be under pressure;
Second, the U.S. plans to release the preliminary Q3 GDP, September PCE inflation data, and the latest initial jobless claims. These three data sets will respectively answer whether U.S. economic growth remains strong, whether inflationary pressures have eased, and whether the labor market shows new signs of weakness.
Above all, if you are a macro trader, these are at least things you should know. The most important thing to watch is not any single data point beating expectations, but what their combination implies. Try to understand how different outcomes will change interest rate expectations. #美联储维持利率不变，12月加息分歧升温