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The ECG of this target shows a fatal double peak—not an acute myocardial infarction, but compensatory tachycardia due to premature extubation after surgery. The blood pressure looks good, but the perfusion pressure is already collapsing.
A 24-hour increase of 5.09% superficially indicates hemodynamic improvement, but in reality, it is pseudo-stability caused by excessive sympathetic nerve excitation. The short-term RSI has already hit 68.1, entering the overbought sinus tachycardia range, forcing myocardial oxygen consumption higher, while coronary reserve is depleted; the long-term RSI is 61.8, indicating this is not an acute event but chronic decompensation after long-term overload. Both indicators being elevated simultaneously is like the patient saying "I'm fine" while being infused with dopamine.
Looking at the Bollinger Bands makes this clearer. The short-term price is at 95% within the band, with only 0.4% margin left to the upper band, while the lower band still has 7.2% perfusion space—the vessel walls have been stretched to the limit, and elastic recoil is only a matter of time. The mid-term picture is worse: price deviation is 116%, already breaking out 1.1% above the upper band. Most would read this as a "breakout," but I have seen similar things in the operating room; it’s called aneurysmal dilation, and the next step is rupture. Price running above the upper band does not mean the heart is stronger; it means the valve is leaking.
The system's SELL signal (RSI1H > 64) aligns with my judgment: this is regurgitation, not forward ejection. The real root cause is not the price itself but that the 5.09% increase occurred without any structural blood flow reconstruction, purely due to volume overload. Once the vasopressors are withdrawn, the retracement will return to its proper level.
The surgical plan is as follows, executed according to extracorporeal circulation procedures:
📉 Short:
Entry: 2.26 (current price +3.4%)
Take Profit 1: 1.98 (-9.5%)
Take Profit 2: 2.00 (-8.5%)
Stop Loss: 2.51 (+14.6%)
The entry is set 3.4% above the current price—not chasing a high, but waiting for the last regurgitation peak before clamping the vessel; the two take profit targets are in the -9.5% and -8.5% range, which is the perfusion baseline where this volume overload will inevitably recede, first reducing volume then reassessing. The stop loss at 2.51, +14.6% above current price, is not tolerance but the extracorporeal circulation alarm threshold—continuing to increase pressure beyond this perfusion pressure risks manually tearing the already dilated vessel walls.
Take Profit 2 is set higher than Take Profit 1, indicating the first target is thorough drainage in the main surgical area, and the second is a backup secondary inspection window—whichever is reached first will be handled, with no unnecessary operations.
This target is currently not ischemic but overperfused. I have seen too many patients in the ICU with "stable vital signs" who flatlined within four hours—the real danger is never in the monitor numbers but in the circulation system overstretched behind those numbers.
Preparing for thoracotomy. Personal view on gold
👉 Suppressing factors: High yields on U.S. Treasury bonds, a relatively strong U.S. dollar, and expectations that the Federal Reserve will maintain high interest rates will limit rapid sharp rises in gold prices.
👉 Supporting factors: Continued gold purchases by central banks worldwide, safe-haven buying due to geopolitical conflicts, and physical buying support after pullbacks.
👉 Market characteristics: Most likely wide-range oscillation with repeated ups and downs; the possibility of sharp surges or crashes is low. The direction will depend on U.S. inflation and Federal Reserve policy announcements.
✅ Three major underlying bullish logics:
1. Global central banks continue to hoard gold: Diversifying foreign exchange reserves and reducing reliance on U.S. dollar assets, forming a long-term bottom support. This trend has been ongoing for several years.
2. The huge U.S. debt problem: Long-term fiscal deficits and concerns about U.S. dollar credit. Once the Federal Reserve starts a rate-cutting cycle in the future and U.S. Treasury yields decline, gold usually enters a rising window.
3. Normalization of geopolitical risks: Conflicts around the world persist, and demand for safe-haven allocation exists long-term.
⚠️ Risk points (which, if occur, would break expectations):
U.S. inflation surges again, the Federal Reserve continues long-term rate hikes; the U.S. dollar strengthens beyond expectations; global liquidity tightens significantly.
- Short term: Mainly oscillation; do not bet on one-sided sharp rises or falls.
- Medium to long term: The fundamental logic for an upward trend remains, but it will not be a straight line up; there will be severe pullbacks in between.
Personal opinion: On next Monday, expect a rise followed by a fall and then another rise #How far can gold go under high interest rates? #Gold surpasses $4400, safe-haven demand heats up $CHIP 疯狂拉升，群里又开始喊逼空了！这时候最该警惕的，恰恰是所有人都觉得还能涨的时候。
一天涨近30%，成交量放大到平时的4倍多，价格冲上0.068，短短7天涨幅接近50%。这走势确实够猛，但越是这种急涨行情，越不能只盯着涨幅看。
我的观点很简单：价格暴涨，不代表买盘有多强；空头被迫平仓，也可能进一步推高价格，但这种上涨能持续多久，才是关键。
小盘币最容易出现的情况，就是价格越涨，市场情绪越疯狂。空头害怕继续亏损，多头担心错过机会，最后所有人都挤向同一个方向。
可行情从来不会因为大家看涨，就一直往上走。
现在的 $CHIP，我更关注三个信号：
📊 成交量：放量上涨之后，能不能持续出现真实买盘？
RSI指标：短线热度已经很高，后续是否出现降温迹象？
价格回调：如果涨势放缓，接盘资金能不能撑住价格？
至于现在能不能追，我的态度是：不急。
已经持有的，可以根据自己的风险承受能力做好计划；还没进场的，没必要因为群里几句“逼空”“回血”就匆忙冲进去。
记住一句话：踏空最多是少赚一次，盲目追高却可能让你为别人的利润买单。
$CHIP 接下来还能继续"When the drinking party ends, the money leaves first"
At the card table, there are still people adding chips at the BTC table, but at the ETH table, people are getting up one after another. For eight consecutive days, only departing figures are seen at the door, and yesterday more than seventy million left again. Someone whispers "wait a little longer," but the big players have already settled their bills and left.
It's not that ETH's story isn't good, but the listeners have started to look at the ledger. BTC is treated as ballast, while ETH is still considered a gamble ticket. When the market is good, the difference is small; when the wind blows, who has real gold backing it becomes immediately clear.
Don't think that just because the next table won, your table will get chips. Capital has already voted with its feet: first to survive, then to talk about dreams. Before ETH sees continuous inflows, its catch-up rally is just bravado at the drinking table. Control your hands, wait for the line to form again at the door, then it's not too late to raise your glass.
$BTC $ETH $ZEC
#CPI and PPI announcements are imminent, interest rate hike expectations face a test
#Spot ETF capital inflows, can BTC and ETH take over?
#Voice of trading: your experience deserves to be heard #Ledger confirms a device involved was implanted with hardware
【Cold wallets can also be secretly implanted with hardware? The sense of security in the crypto world is shattered】
Ledger is in trouble this time. The official confirmation states that an unauthorized hardware component was found inside a hardware wallet of an affected user, with the investigation pointing to Southeast Asian distributor CryptoBilis. On-chain trackers estimate that the related stolen $BTC losses may exceed $86 million, but the amount has not been officially confirmed, and it is still unclear whether the implanted hardware directly caused the entire loss.
People buy cold wallets to securely hold their private keys and assets themselves. But if the device is tampered with during the supply chain process, that's outrageous. Do we now have to open our cold wallets to check if they are safe?
This is a serious supply chain security alert, not a breach of the entire Ledger system. If you bought a device from the involved distributor, do not initialize it yet; if you have already used it, follow the official advice to migrate your assets with a brand new mnemonic phrase. Remember, never give your 24-word mnemonic phrase to anyone who asks.
Do we really have to go through such troublesome steps? Use a spare phone, install an open-source wallet or even have AI write one, keep it offline, and safeguard the phone—this is really too much hassle.【$DOGE Breakdown】0.0853, what is the dog waiting for?
Daily: DOGE has dropped 42% from the May high of 0.1186 to the August low of 0.0676. Now at 0.0853, it is suppressed by both MA10 (0.0900) and MA20 (0.0929), with the price running below all moving averages — the daily level is still in a bearish pattern, and the rebound can only be considered an oversold correction, not a reversal.
1-hour: After plunging to 0.0809 on 10/8 following the broader market, it made a V-shaped recovery. Currently, MA5/10/20 are converged between 0.0855-0.0858, with the price oscillating close to the moving averages, forming a converging pattern to choose direction.
Key levels:
Above, 0.0860-0.0861 is today's rebound high plus previous platform; holding above this marks a short-term strength shift;
Further up, 0.0880 is resistance at the 1-hour level;
Below, 0.0848 is today's low; breaking this targets 0.0809 (the panic bottom on 10/8), and breaking that would signal a new round of decline.
Assessment: Daily is bearish, hourly is converging, so short-term can only be treated as oscillation. Do not chase longs at the middle level of 0.0853 — either wait for a breakout above 0.0861 to confirm further rise, or wait for a pullback to the 0.0809-0.0848 support zone to enter. DOGE is high Beta; when BTC moves, it amplifies volatility, so keep position size light.
Risk reminder: This is only a personal technical observation and does not constitute investment advice. Cryptocurrency and leverage carry extremely high risks; please do not follow blindly.$SUI
【This ID's View】
On the 30-minute level for SUI, after initially breaking below the large purple consolidation zone, it dropped to a low of 0.9968, then staged a rebound. However, this rebound is merely a pullback repair after the breakdown; the price has not been able to reclaim the original purple consolidation range. In the latter half of the rebound, upward momentum clearly weakens, and after peaking, signs of stagnation appear. The larger-scale bearish trend has not been completely reversed.
Entry: Consider shorting when the rebound's upward momentum weakens and meets resistance.
Stop Loss: Place above the high point of this rebound.
Chan Theory Structure:
On the 30-minute chart, the price breaks down from the original purple consolidation zone, hitting a low of 0.9968 to complete the downward departure phase, followed by a secondary rebound wave. This recovery only tests the lower edge of the old consolidation zone and never truly stabilizes back inside it, representing a standard breakdown and pullback structure. Although the moving averages are short-term upward, a top fractal signal has appeared on the secondary level, and the internal strength of the rebound segment is gradually weakening. As long as the price cannot reclaim the old consolidation zone, the downtrend structure remains valid.
Wyckoff Volume-Price Observation:
There was a clear volume surge during the breakdown, indicating capital flight; during this rebound rally, volume was initially supportive but gradually contracted as the bullish candles progressed. In the later peak phase, the price attempts to rise, but buying power cannot keep up. This is a rebound driven by capital games after overselling, with no sustained large-scale inflow of funds for buying.
Core Observation:
Closely watch the lower edge of the original purple consolidation zone as a resistance level. If the price continues to fail to break above it, the market will face renewed downward pressure.In the past 72 hours, whale groups have increased holdings by about 15,000 BTC, over 166,000 ETH, and 45 million XRP. Eleven new wallets suspected to belong to the same giant whale sold 602 BTC and bought 18,800 ETH, both transactions worth $45.83 million, indicating a shift of funds from BTC to ETH.
On the other hand, some whales continue to deposit to exchanges. One address deposited 200 BTC ($22.32 million) to Kraken 3 hours ago, with a total of 5,603 BTC ($627.1 million) deposited over the past two weeks. Since October, this address has deposited a total of 11,271 BTC to multiple exchanges. Three wallets dormant for over 9 years deposited 2,903 ETH to Coinbase, with a cost basis of only $9.9, yielding a 250x return.
On the Hyperliquid platform, whales hold a total position of $8.655 billion, with a long-short ratio of 0.86; shorts at $4.658 billion slightly exceed longs at $3.997 billion. Insider whale Garret Jin holds a total of $102.4 million all in longs, with BTC longs showing an unrealized loss of $17.2 million and a 24-hour loss of $5.08 million. One whale shorted ETH at $2,322 with 5x leverage on a full position, unrealized loss of $20.83 million. Whales firmly long on ETH have an average price of $3,741, now turned from profit to loss with an unrealized loss of $600,000.
In short: whales show clear divergence in longs and shorts on BTC and ETH, with both accumulation and reduction occurring simultaneously. Bottom-fishers have not stopped, and those fleeing are still running. The short-term direction is unclear; do not blindly follow trades—watch on-chain flows for further clues.USDC拓展跨境支付场景，利好稳定币应用叙事，但对BTC价格的传导有限。
如果三星钱包能够降低跨境转账的时间和成本，USDC的实际支付需求可能增加，稳定币也有机会从交易媒介进一步走向日常支付。
对BTC而言，直接买盘影响有限；对ETH而言，只有当支付活动实际使用以太坊网络时，才可能产生相应的网络需求。
如果交易发生在其他区块链上，价值捕获也可能落在对应生态。
对其他主流币而言，关键看产品覆盖地区、实际交易量和用户留存。
还需要区分稳定币使用增长与发行方价值增长，两者并不完全相同。
稳定币应用扩张是行业长期信号，但不能直接等同于BTC、ETH全面看涨。
#三星钱包将上线USDC跨境转账 #9月FOMC纪要公布，多数官员倾向再加息 #BTC现货ETF创近三个半月最大单日净流出 $BTC $ETH $MAGIC #Institutions Keep Positioning, Why Does BTC Still Face Pressure?
$BTC net inflow of 4.1 billion in one month, 470 million confiscated coins moved to exchanges.
▪️ Spot ETFs net inflow of about 4.1 billion in the past 30 days
▪️ During the same period, the US government transferred 470 million in confiscated assets into exchange wallets — institutions are buying, officials are selling
▪️ Strategy holds 847,666 coins, average cost 75,440, current price 82,947, 10% above cost
▪️ Its two purchase averages are 79,670 and 85,681, cost difference 7.5%, current price stuck in the middle
▪️ Meanwhile, its stock dropped 52.86% in one year, market cap 59.3 billion, below its coin holding cost
▪️ In the week of 10/9, net outflow was 681.1 million, ending three weeks of inflows
The divergence is not about whether institutions buy or not, but that the word "institution" lumps three groups of people with different directions into one term.
Allocation accounts quarterly, trading accounts daily, official holdings account by enforcement progress. The 4.1 billion is the sum of the three groups; the 681 million only reflects the actions of one group. The summed number does not indicate direction.
Direction is on hold — only breaking above 87,000 (rejected three times) counts as buying returning; losing 80,000 looks toward 78,400. Woke up from sleep, and the short sellers are back in action!
Brothers, yesterday's $MAGIC was basically a big show for the shorts!
Yesterday it surged onto the gainers list, with gains exceeding 60% at one point, and the market was cheering. I originally went long and made 6U, but didn’t take profits. Then the market suddenly turned, wiping out my gains and even triggering a stop loss that took away 3U.
But I didn’t give up; I immediately switched direction!
After reversing to short, $MAGIC kept falling, with gains shrinking from over 60% to about 17%. My unrealized profit peaked at 17U, so I quickly took some off the table.
Then I woke up this morning and, wow, it dropped another 8%!
Who can understand this feeling? Yesterday we were partying at the top, and today it’s time to pay the piper. I set up my plan before sleeping, and waking up to find more gains in my account—that’s the most satisfying moment in trading!
My view on the altcoin market hasn’t changed: a surge doesn’t mean the strong will always be strong, and a brief celebration doesn’t mean it will keep rising.
Many coins are best at grabbing attention with a big green candle first, then testing those chasing highs with wild swings. But altcoins don’t necessarily go to zero just because they fall; what really matters is seeing the trend clearly and managing risk, not just trading on faith.
Now, about today’s watchlist.
👀 $CAP: It also surged onto the gainers list yesterday, but unlike $MAGIC, it didn’t fall back obviously. I’m putting it on the watchlist to see how it moves next, no rush to enter.
$CHIP: An old friend is back! Today’s gain reached$AXS 娘希匹！AXS这盘面看得我血压上来了。1.2388这个位置，狗庄摆明了在洗盘，上上下下插针，韭菜根本拿不住，全被甩下车。纯资金博弈局，没半点基本面撑腰，谁追谁挨打。
我盯了一上午，量能萎缩得厉害，反弹就是给你出货的机会。这位置我轻仓试空，止损放1.2650，破了就认，别扛单。
别傻乎乎去接飞刀，想跟的自己看下方卡片，仓位自控，止损必带。这单能不能吃口肉，就看狗庄给不给面子了。
内容仅为个人复盘，不构成投资建议。
👇👇👇$AXS 娘希匹！AXS这盘口异动看得我后脊发凉。
1.2387这个位置，纯纯的资金对决，狗庄挂单撤单玩得跟变戏法似的。你说这是洗盘还是真跑路？K线上下插针，量能却偷偷放大，这味儿太熟悉了——不是啥好消息，是要搞大动作的前奏。
我不管外面有没有消息，这技术面就是明牌：上方抛压重，买盘接不住。我挂空单进场了，止损放1.265，破位就走绝不恋战。
想跟的别急着重仓，这种妖盘口仓位得收着点。下方看1.18附近有没有承接。
👇👇👇Term Structure Radar
$ETH first-level positive spread corresponds to a very small scale. The buy near sell far quote spread is +0.66%, with the first-level pair scale about $991; at a scale of 10,000, this level only covers about 10%.
$SOL mark spread is positive, but the buy near sell far first-level quote is already inverted. Mark near-far spread +0.31%, buy near sell far first-level quote spread -0.79%.Trader Uncle Time｜A self-taught trader who started learning trading in middle age, practicing K-line life with you.
Gold weekend market closed, today a solo chat about BTC. 🔹 Level nesting
Current level 4H ｜ Long level 16H ｜ Sub-level 2H 🔹 Main upward wave direction: downward (main downward wave) 🔹 A key level: 83,600 The most worth marking in the circle today is 83,600——
It is a dividing line between bulls and bears: Price below 83,600 → only talk about pullbacks (short-term rebounds in a downtrend) Effective breakthrough of 83,600 → then talk about rebounds (trend may reverse) Pullback ≠ rebound, the two words look similar but the trading logic is vastly different. 🔹 Why am I bearish? ① The higher level has already turned bearish
Both DIF and DEA on 16H have fallen below zero line with a death cross; 8H also has a death cross below zero line.
Higher level downward trend is the premise for following the trend. ② 83,600 is the "wall base"
The range 83,100–83,600 is a dense EMA52 resistance zone on 2H / 8H / 4H.
If the pullback cannot break through here, it means the pullback is over—entry point, which is the profit space. ③ The lower level is a "false rise"
Although 4H and 2H show green bars and 2H has climbed above zero line, the 4H double lines are still below zero line.
Golden cross below zero line = pullback, not reversal—cannot change the big direction, short structure dominates. 🔹 Entry reasons (3 points) Large $NEAR 永续50倍多单，5.146开，现5.243，浮盈+94.24%。
5.146附近探底企稳后，直接走了一波顺势拉升。我顺势跟多，止损放5.05下方。50倍杠杆极小仓，走势比预期强，直接拉至5.243一线，收益率接近翻倍！
移动止损提到5.146，剩下的看5.5整数关口能不能破。
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$NEAR 永续50倍多单，5.146开，现5.243，浮盈+94.24%。#CPI与PPI公布在即，加息预期迎考验 $ETH Many people next door are reviewing the biggest black swan event in history on 10.11. $BTC plummeted 11,000-12,000 points. If it were just a single coin pair, it might not have been so shocking; the price could have risen 10,000 points in two days. But the entire network dropped, with altcoins falling 75%-80%, then rebounding, marking the beginning of the bear market. I blew up 400 RMB next door, losing 200 RMB. The main reason for the loss was that the price mechanism was changed next door but had not yet taken effect when the black swan hit. USDE was crushed to 0.65, losing its peg, which increased the liquidation amount. Maybe someone did it deliberately, just like USTC was targeted and spiraled straight to zero. $USDT $USDⓈ $BTC 跌完弹得比 $ETH 快，不是它更强
高位磨了一阵，两个币一起跌破关键支撑。
跌完之后，$BTC 的买盘先回来，$ETH 只是跟着挪。
这个价位是什么：跌下去时两边都有人被系统卖掉。区别在跌完那一下，谁先有人接。$BTC 盯着的人多，接的人来得快。$ETH 要等 $BTC 先动，它才敢动。
这个数怎么算的：同样一笔钱，放进 $BTC 能立刻成交，放进 $ETH 得等对手盘。倒推一下，不是 $ETH 基本面差，是它没有自己的第一波买盘。
所以 $ETH 反弹慢，不是弱，是它在等 $BTC 先给信号。
下次 $BTC 一停，$ETH 大概率还要再拖一段。
#机构持续布局，BTC为何仍承压？ $BTC $ETH ETH ETF已连续9个交易日出现资金流出，或许是市场担心$ETH 在前期大涨后进入了获利了结阶段，但机构和鲸鱼的买入并没有停止，看起来只是ETF资金和现货流向没有完全同步而已，并不能说ETH完全没有买盘了。只要ETH结算层持续产生真实需求，staking、DeFi和RWA能给token带来可持续价值捕获，就不必恐慌#ETH触及2500美元后震荡 Over the weekend, I took a short position, choosing to try shorting SUI, mainly based on two aspects: market environment and technical structure.
1. Market environment: Recently, the crypto market's liquidity has been weak. Although BTC has rebounded somewhat, the trend reversal has not yet been confirmed, and altcoins still face the risk of further correction.
2. Technical structure: SUI fell from around $1.29 to $1.00, then rebounded but faced resistance around $1.13–$1.15, and has not yet reversed the previous downtrend.
3. Trading approach: I chose to short after the rebound was resisted, rather than chasing shorts during a rapid decline.
Going forward, I will watch the support levels near $1.09 and $1.00. If the price stabilizes above the resistance area again, I will reassess the short position logic.
My thoughts:
Shorting does not mean I am certain the market will continue to fall, but rather that under current conditions, I judge the downside opportunity to be worth the associated risk.
The most important thing in trading is not predicting right or wrong, but clearly defining entry criteria, invalidation conditions, and exit strategies in advance. Finally, position sizing must be well controlled. The current price is already close to the strong resistance zone of $5.40-$5.60. The RSI indicator briefly touched the overbought area above 70, indicating a slight possibility of a pullback, but this does not mean a trend reversal.
If you want to try short positions, a safer approach is to wait for a clear weakening signal: an effective long bearish rejection candle appears in the $5.40-$5.60 resistance zone, trading volume shrinks significantly, and the price effectively breaks below the first support level at $5.11. Then, you can try a light short position, with the first target aimed at the $4.40 support zone. After a week of decline, I actually slept better than last week
On October 11, HYPE was reported around $85. On October 5, it closed at $94.16, dropping nearly 10% in a week, 13% below the all-time high of $97.96.
In plain language: after a big rise, it’s taking a breather. Even elevators stop at floors midway, so why can’t a coin pause?
On Wednesday night when the price hit 85, my palms were sweating, really. I opened and closed my account three times, almost sold. Then I got up, poured a glass of cold water, remembered the price of my first $HYPE purchase, and calmed down.
This morning on the subway, I saw this push notification; an old man glanced at my screen, and I instinctively covered my phone. Not because I was guilty, but because I didn’t want to explain.
Someone asked me how much I saw. I couldn’t say. I only know the platform makes money every day, and I check the income data weekly—that’s enough for me.
Short-term prices are decided by everyone’s votes; long-term value is built day by day by yourself.🔥 Brothers, the market these days is really stubborn! BTC first dropped to 80400, then pulled back above 82000, and now is fluctuating around 83000, with bulls and bears tugging back and forth. Chasing the highs or selling the dips is easy to get hit.
📉 This sharp drop in BTC triggered massive liquidations, yet the fear and greed index remains in the greed zone, and funding rates are close to zero, indicating that sentiment and actual trading power are not fully aligned. Looking at ETF funds under continuous pressure and insufficient liquidity, prices are more prone to violent swings.
💸 ETH is also uneasy, falling from 2778 to 2406, then rebounding near 2500. ETF outflows combined with on-chain burn volumes insufficient to offset new issuance mean net supply pressure still deserves attention. In the short term, don’t just focus on the deflation narrative.
⚡ ZEC is even more volatile, surging then sharply retracting. The privacy pool’s record high share is a signal worth watching, but changes in capital flow and the NU7 upgrade on November 5 may also bring risks of expectation realization.
🧠 The most important thing now is not to guess the bottom, but to wait for volume and price confirmation. Brothers, do you favor BTC stabilizing and rebounding, or do you think ETH and ZEC will continue to fluctuate? #CPI and PPI announcements are imminent, interest rate hike expectations face a test #Institutions keep positioning, why is BTC still under pressure? #Check in with OKX at 2049 This week, the crypto market shows clear divergence: Bitcoin demonstrates resilience amid macro headwinds, while Ethereum continues to face pressure.
Bitcoin: Macro pricing, key support under test
Bitcoin is currently trading around $82,780, having dropped to a September low of $80,427 earlier this week. Although market maker Wintermute believes the market is still in the early stages of a bull run and that $82,500 has turned into support, this defense line faced substantial challenges this week.
The core contradiction lies in macro pressure: the US 10-year Treasury yield rose to about 5.35%, a new high since 2008. The correlation between Bitcoin and the S&P 500 has risen again, with traditional financial market pressures directly transmitting to crypto assets. The Federal Reserve's September meeting minutes show most officials believe further rate hikes may be needed before year-end, further suppressing risk appetite.
Capital flows show divergence: Bitcoin spot ETFs occasionally see net inflows (e.g., $21.12 million net inflow on October 9, led by BlackRock IBIT), but on October 7, there was a massive net outflow of $484.9 million, the largest single-day outflow since June.
Key price levels:
• Upside resistance: $83,000 (ETF average cost zone) → $87,000 (recent multiple resistance points)
• Downside support: $77,000 (on-chain holding cost concentration, real market average) → $74,000 (short-term holder cost base) → $72,000 (200-day moving average)
Forecast market data shows traders believe the probability of Bitcoin falling to $80,000 or below in October is 67%, while the chance of reaching $87,500 is 49%.
Ethereum: Continuous capital outflow, bears controlling the pace
Ethereum is clearly weaker than Bitcoin, currently hovering below $2,600 and having broken the key $2,650–$2,730 range.
The most direct drag comes from ETF capital outflows: Ethereum spot ETFs have seen net outflows for eight consecutive trading days, with cumulative losses expanding. On October 8 alone, there was a net outflow of $72.54 million, including $71.12 million from BlackRock ETHA. This contrasts sharply with Bitcoin ETF's relative resilience.
Derivatives market signals bearish sentiment:
• Estimated leverage ratio has dropped to 0.66, a seven-month low, reflecting reduced preference for high-leverage positions
• Binance's cumulative net active ETH trading volume has fallen to negative $1.36 billion, with market sell orders consistently outweighing buy orders
• RSI reads 29.91, MACD shows a large negative value, indicating strong selling pressure technically
On-chain data shows Ethereum's "consumption period" indicator surged to 580 million token-days (9 times the September average), indicating some long-dormant coins are moving, though exchange holdings fluctuate only slightly. Notably, exchange ETH balances increased by over 100,000 coins from October 4 to 8, while BTC balances decreased by about 15,000 coins in the same period, showing clear divergence in capital flows.
Key price levels:
• Immediate support: $2,500 → $2,400 (a weekly close below the 100-week EMA could trigger a deeper correction)
• Rebound resistance: $2,700 → $2,800 (a breakout could trigger short-covering)
Bitcoin: Currently in a macro-driven phase, traditional market trends matter more than internal crypto narratives. $83,000 is the short-term bull-bear dividing line—failure to hold above it risks a structural pullback to $77,000 support. If macro pressure eases (e.g., Treasury yields stabilize, midterm election uncertainties fade), $90,000 to $95,000 remains an upside target. Heavy long positions are not advisable amid macro headwinds.
Ethereum: ETF capital outflows are the core suppressing factor. Until the outflow trend reverses, rebounds are more likely to be seen as opportunities to reduce positions rather than trend reversals. $2,600 has been lost; the short-term focus shifts to $2,500. If funding rates remain negative but prices stabilize, a short squeeze is theoretically possible but requires spot buying support to form an effective rebound. Current odds do not favor bottom-fishing on the left side.
Macro watchpoints: The Federal Reserve's October meeting (likely to hold rates steady) and the November 3 US midterm elections are the most important short-term macro variables. The correlation between Bitcoin and US stocks has risen again, making it difficult for the crypto market to decouple from traditional risk assets.The most valuable chip for DOGE right now is not in Elon Musk's statements, but in GitHub proposal number 3776: reducing the block reward from 10,000 to 1,000. It has been hanging in the community for over a year, and once substantial progress appears in Q4, the "infinite supply" label that has been pinned for eleven years will be removed.
The math of the proposal is straightforward: annual issuance is cut from 5.26 billion to 526 million, inflation rate is squeezed from 3.4% down to 0.3%, lower than Bitcoin after halving. The change involves only a few parameter lines, no fundraising, no code rewriting, the only cost is community consensus. This is the meaning of a narrative option: zero option fee, and the exercise payoff is an overall switch in the valuation framework.
The market's pricing of DOGE has always included an inflation discount, and this discount is the intrinsic value of the option. If the proposal is shelved, $DOGE continues to operate as usual, no one is harmed; if the proposal passes, "perpetual issuance" is rewritten as "low-inflation payment currency," changing the denominator of the valuation model by an order of magnitude. Core developers remain indifferent so far, miner revenue is the biggest resistance, but this indifference lowers the option's pricing, leaving the asymmetry to holders.
The highlight of Q4 is not the voting result, but whether the discussion can enter the core development agenda—the market never waits until the bell rings to price in.218%浮盈，50倍杠杆，$GALA 小币。外人看着很炸，身处里面才懂，越是这种行情越不能贪。小币50倍，一波急拉就能快速回吐大部分浮盈，根本来不及操作。
打算大部分先落袋，剩下底仓保本损拿着，看0.0023–0.0022。不是不看继续下跌，杠杆没情面。2倍多利润知足了，落袋为王，会止盈不是怂。
$BTC $ETH
走势分析：连续回落之后随时有反弹预期，横盘震荡容易酝酿变盘。要么砸到0.0022诱空，要么直接拉起回测上方压力。50倍扛不住大幅度反抽，趋势偏空，但性价比已经不高，防守优先#机构持续布局，BTC为何仍承压？ 兄弟们，STRK一天暴涨40%，我差点就冲进去了，但看了一眼合约数据，还是放弃追了
原因很简单，数据太吓人了：
持仓量直接从5000万干到2.19亿，翻了四倍，24小时空头爆仓1067万，多单才爆了433万，这波拉升完全是空头被逼平仓买上去的，典型的轧空行情
再去翻交易所数据，币安和OKX的合约成交额拉满，但现货量根本没跟上，全是杠杆资金在里面博弈
最关键的是10月15日STRK有1.28亿枚解锁，价值大概740万美元。暴涨之后马上解锁，获利盘砸不砸？谁都说不好
我现在坚决空仓看戏，绝不追高。0.10这个位置偏离均线太远，进去一个正常回调就够难受的，有仓位的兄弟该止盈止盈，没上车的别FOMO
$STRK #跟着OKX打卡2049
个人观察，不构成投资建议The valuation debate of DOGE is shifting from "whether it is useful" to "when the ecosystem will be implemented," with the key held by DogeOS.
On September 30, DogeOS opened its public testnet: an EVM-compatible ZK-Rollup application layer that uses DOGE to pay transaction fees. Lending protocols, perpetual contracts, stablecoins, prediction markets, and gaming teams have already developed on it. The Dogecoin Foundation board has set its tone — keeping the ledger pure, with use cases growing on the upper layers.
The issue is timing. The official mainnet launch date has not been announced, and market expectations point to the end of 2026. With just over two months left in Q4, whether the mainnet schedule can be confirmed and whether the OP_CHECKZKP underlying upgrade can proceed will determine if $DOGE can complete the narrative shift from community consensus to application ecosystem before 2027.
If the shift succeeds, the valuation anchor will move from sentiment to locked-up scale and application revenue; if it fails, Shibarium serves as a reference — a layer 2 that has been online for years but whose usage continues to decline. The window is open, but it will not stay open forever. $CORE 这货，别以为披上“比特币安全”“Satoshi Plus”的华丽外衣，就能把自己装成什么高贵的BTCFi救世主。说实话，你现在更像一个穿着借来西装、到处吹嘘自己能解决区块链三难问题的落魄推销员——满嘴大词，口袋里却只剩一地鸡毛。
先说你那套“继承比特币算力”的戏法吧。听起来很酷对不对？矿工一委托哈希，你就沾了中本聪的光。可结果呢？你还是得靠自己那点DPoS和一堆中继节点来撑场面。中继一出问题，你的“非托管”就瞬间变成信任假设。你吹得再响，也改变不了自己只是个挂着比特币招牌的EVM仿品——真正的比特币玩家根本懒得正眼看你。
再看你的代币经济。2.1亿硬顶，模仿比特币？笑死人了。你把将近40%的份额拉到81年慢慢发，美其名曰“长期对齐”。可现实是，解锁、矿工奖励、贡献者份额像水龙头一样源源不断往外喷，市场一有反弹就立刻被砸成稀巴烂。从2023年初的6美元多直接摔到现在两美分左右，跌幅接近99%，这哪里是稀缺，分明是慢性自杀。最近还搞出验证者奖励漏洞，多发了上亿代币，逼得自己紧急硬分叉、交易所暂停充提——你这不是“硬顶”，是“硬装”。
空气币就应该空起来！ $BTC The FTX crash was only 1.6 billion;
312 was 2 billion;
519 was 5 billion.
And on this day last year, October 11, the liquidation amount reached a staggering 19.16 billion USD — the largest liquidation event in crypto history, 16 times the scale of the 2020 COVID crash!
On October 11 last year, the cryptocurrency market plummeted, Bitcoin dropped over 13%, falling below 110,000 USD, altcoins dropped 90% with the screen full of red, many people's years of wealth accumulation vanished overnight. A friend of mine liquidated 8.8 million U that day and still owed the exchange 17 million U $ETH $OKB 致敬1011事件，一周年了，敬畏市场，善败者不亡
经历过：
2013年的125五部委发文
2017年的94
2020年的312
2021年的519
2022年的暴雷潮(luna 三箭 ftx 安银...暴雷）
2025年的1011
这个行业似乎，从来没有学会敬畏市场，K线上只会又留下一根长长的下影线，很快大家又对他遗忘了，因此，只是在累计杠杆和清算杠杆的不断循环，而事件只是导火线
而牛市的开启就是累计杠杆的开始，我们要做到的是，下一次杠杆累计到极值，你是否能无恙呢？
还有，1011导火索是币安鼓励USDE的循环杠杆，导致币安上的山寨集体穿仓团灭，币安的山寨价格远低于其他交易所，至今没看到相关的调查报告After the BTC and ETH wick spikes quickly pulled back, why am I still bullish on this retracement?
Combining naked K, retracement levels, and cycle judgment, I currently lean towards: this is a deleveraging phase within an ongoing uptrend, but further structural confirmation is needed.
This time BTC did not first break upward to sweep liquidity above but instead dropped directly. However, after the decline, it quickly recovered above 82,000. The 80,000–82,000 area is temporarily holding, and it didn’t even touch the strong support at 78,000 that I’m watching, instead rebounding near a smaller-level support.
ETH retraced down to the 2,398–2,400 support zone I’m monitoring. I chose to enter after seeing the wick spike quickly pull back because the volatility was so fast that the actual execution price differed slightly from the expected entry point.
From the SMC/ICT perspective, if this lower shadow wiped out sell-side liquidity below the previous low and then manages to break the short-term rebound high and hold on the retest, this drop fits the "liquidity sweep then recovery" pattern better.
Additionally, during the decline, open interest (OI) clearly decreased, indicating a reduction in open contracts, consistent with deleveraging. But a drop in OI doesn’t guarantee a subsequent rise; what really needs watching is whether the price can hold and if buying pressure can sustain.
Next, if the market continues to rebound, I will focus on:
▪️ BTC: around 88,000–90,000
▪️ ETH: in the 2,800–3,000 range
(areas to reduce positions) #CheckInWithOKX2049 The "AI Myth" in Korean Stocks Cools Down: SK Hynix Can't Drive It, Foreign Capital Withdraws, Retail Investors Can't Support
The once-hot AI investment craze is fading, with the Korean stock market taking the lead—KOSPI index has underperformed major global markets over the past month, and semiconductor heavyweight stocks have shifted from "AI darlings" to "valuation burdens."
The script is familiar:
2024–2025, SK Hynix and Samsung Electronics were fiercely chased by global funds due to HBM (High Bandwidth Memory), making the Korean stock market an "AI hardware proxy index";
In the second half of 2026, the trend changed: US cloud providers slowed capital expenditure growth, Nvidia's Blackwell delivery schedule adjusted, and the market began to question "where is AI monetization really happening?";
Korea's problem is the index is too concentrated—SK Hynix and Samsung account for over 35% of KOSPI's weight, so when they sneeze, the whole market catches a cold.
More trouble lies in the buying structure:
Foreign capital is withdrawing: since October, foreign investors have net sold over 25 trillion KRW of Korean stocks, with hedge funds cutting "Korean stock AI exposure" from overweight to neutral;
Retail investors are holding on: the proportion of Korean retail investors' holdings has hit a historic high, but their pockets are limited, and leverage is approaching warning levels;
Institutions are watching: pensions and domestic funds are not in a hurry to step in, waiting for valuations to return to levels where "they can survive without relying on AI stories." ETH is currently in wave 4 of wave A, with a rebound position between 2500-2540, continuing to complete wave 5 down to 2380-2360$BTC Came back from lunch and saw it really touched 83,000
In the morning it was still hovering around 82,900, stubbornly unable to hit that line. I was thinking to just let the weekend pass like this. But in the afternoon, that bearish candle stubbornly pushed up, inching closer and closer until it stuck. Should I be happy? I stared at the chart blankly for two seconds, my finger hovering over the screen, but in the end I put it down.
$ETH is also clinging stubbornly above 2500, dropping as soon as it touched it in the morning, but now it’s holding, though weakly. $SOL is still hovering just above 110, like it hasn’t woken up from the weekend, with very thin trading volume.
Sunday afternoon finally reached the 83,000 I was hoping for in the morning. Logically, I should feel something, but it’s just a fake happiness—It’s here, so what? The weekend is almost over, and Monday’s open will be a different story. I’m still not adjusting my position; the closer it gets to these points, the more afraid I am of itching hands, because any move is likely wrong. I’ve seen too many fake breakouts and fake happiness. I’d rather not make a profit than dig a hole for myself on the last afternoon of the weekend. Sideways grinding is exhausting, and suddenly hitting the line is even more so.
Are you adding to your position now? Add back to 1, don’t move return 0 Latest News Crypto Security Papertrade lost $1.28 million within 8 hours of launch: Pricing mechanism without Hyperliquid official oracle is like leaving your door unlocked for business, getting cut is not undeserved. Two addresses suspected of manipulating Papertrade prices: dumping about $20 million in a single trade on Hyperliquid, pushing $ETH price by 10 to 20 basis points, then building hundreds of millions in nominal positions on Papertrade to reverse harvest, this loophole is big enough to drive a truck through. High Leverage Risk Papertrade's 1000x leverage liquidation wave: over 75% of traders have been liquidated, with liquidations exceeding $20 million, a total of 61,222 1000x leverage positions established, 73.3% of active addresses have used 1000x leverage, a naked casino data. Papertrade's overall leverage reaches 114x, daily trading volume exceeds $600 billion: TVL about $96 million yet driving $600 billion daily volume, a false prosperity built on leverage, risk will burst at a poke. Market Movement A trader opened a long position with 440,000 $USDC on $STRK and gained $850,000 profit: over 50% increase in one day, precise short-term timing, but such huge profits are hard to replicate, followers often end up holding the bag. Capital Flow This week, US $BTC spot ETFs saw a net outflow of $678.9 million, $ETH spot ETFs saw a net outflow of $542.2 million: both major mainstream ETFs bleeding, institutional funds are withdrawing, don't rush to call the bottom. Token Unlock6倍多浮盈，50倍杠杆，$ALGO 这个收益外人看了都觉得夸张。拿到这个位置心里反而清醒，涨幅越大，越要警惕快速反弹。小币配50倍，一根强反抽就能瞬间吞掉大部分利润，反应时间很短。
计划大比例落袋，剩下的余仓挂保本损，底仓看0.11-0.105区间。不是不看继续下探，本金和到手利润才是核心。6倍收益已经很可观，及时收网不是看空到底，是敬畏杠杆。
$BTC $ETH
走势分析：巨大浮盈下，反弹动能随时可能出现，阴跌之后的快速反抽就是变盘信号。后续两种路径：继续下探0.105后诱空，再快速拉回；或是直接放量反弹，测试0.128附近压力。50倍扛不住大幅反抽，下跌结构虽然还在，但盈亏比已经变差，优先防守。#CPI与PPI公布在即，加息预期迎考验 $SUI
SUI rose over 3% but stalled in the middle range; how much of the lead can it hold?
Today's early spot 24-hour observation window: range 1.0728—1.14 USDT, change +3.07%, trading volume about 15.36 million USDT.
In the same window, recovery was stronger than SOL, but the observed quotes did not control the entire upper half of the range. The relative performance of the public chain and real user demand need to be separated; short-term elasticity may also come from an imbalance of buying and selling or a temporary easing of previous selling pressure.
Next time SOL falls back, if SUI first breaks below 1.0728, the relative defense explains a downgrade; if it retests the low and rises again close to 1.14, then observe the continuity of the lead.$BTC
Attention! A whale has quietly placed a $37.62 million sell wall above 😯
At $83,425, there's $20.48 million, and at $83,500, another $17.14 million.
These two large orders are very close to each other and near the current price; the first resistance for the rebound is right here.
Looking at the order book, these two large sell orders are concentrated within a range of less than $100. When BTC rebounds in the short term, it will have to face this selling pressure directly.
Next, focus on whether the spot buy orders can hold.
If the volume increases and this sell wall is directly eaten up, firmly standing above $83,500, then the upside space has a chance to open up.
But if multiple attempts fail to break through, the short-term will still be suppressed.
Also, a reminder that whales can withdraw their sell orders at any time, so you can't judge the market just by looking at the orders; what really matters is whether there are actual trades.
This $37.62 million sell order is a checkpoint set by the whale.
Once BTC strongly sweeps through $83,500, this sell wall might instead become the starting point for a new round of rally ✨ $STRK surged 50% in a single day, breaking $0.1 to hit a new yearly high! It has skyrocketed 379% since the August low!
What exactly happened? Understand the surge logic and potential hidden risks in one article 👇
🔥 Core catalyst: L2 turning into L1?
To accelerate the "post-quantum security" upgrade, StarkWare's CEO proposed transforming Starknet into an independent L1. This grand narrative directly ignited market sentiment!
📊 Leverage frenzy, whales feasting
▪️ Futures open interest surged 53%, derivatives trading volume reached 5 times that of spot!
▪️ A certain whale went 3x leveraged long on 24.42 million tokens, with a 24h unrealized profit exceeding $1.05 million!
⚠️ 3 major risks to consider before FOMO:
1. Still conceptual: The L1 transformation is only an executive idea, not yet in the stage of actual implementation or governance approval.
2. Selling pressure emerging: On-chain analysis shows STRK has shifted from "net outflow" on exchanges to "net inflow," with smart money and profit-taking exiting.
3. False boom: Up to 73.5% of trading volume is suspected wash trading, casting doubt on genuine buying demand!
Summary: The narrative is enticing, but implementation is still far off. Short-term leverage squeezes will cause extreme volatility; do not blindly chase the highs! Shut out by the index? DOGE tore down the door twelve years ago
CME and CF Benchmarks launched a new crypto index with 10 slots; all coins ranked after DOGE by market cap got in, except DOGE itself. The reason: institutional custody requirements and protocol utility standards were not met.
In plain language: DOGE has no corporate entity, no foundation seal, so it can't fill out the institutional form.
But that's exactly what makes it most valuable. A standard designed for "coins with issuers" obviously can't accommodate an old chain without an issuer. DOGE has no financial backer, so no one can choke it; no headquarters, so no one can surrender on its behalf. What the form can't hold is precisely what no one can take over.
Look at what it has achieved without official approval: twelve years without missing a single block, transfers confirmed within a minute, fees of just a few cents, and millions of holders worldwide. In 2014, when I revealed my holdings at an offline meetup, people laughed out loud. Eleven years later, most of those people have exited, but DOGE is still front and center.
Indexes are shopping lists for institutions; $DOGE is pocket money for users. It's not on the list, but it's in the wallet.
The door belongs to others. Twelve years ago, DOGE never intended to enter; it simply tore down the door and made its own path.$XPL broke out of a falling wedge on the 4h chart.
Price is around 0.086 and starting to rise. Long for continuation above the wedge. If the momentum holds, the next zone is $0.10–$0.125.
Invalidation: 4h close below approximately 0.077.STRK has really been strong these past two days. I just checked the price at 0.10619, with a peak reaching 0.123, up about 49% in the past day.
Recently, the talk has been about quantum resistance, and Starknet considering moving from L2 to L1. This STRK was once hailed as a top-tier project, but look how much it has fallen. The more hype it had back then, the more miserable the candlestick charts look now.
Now all these trash altcoins try to create some positive news—if not one thing, then another. Either buybacks or dividends, dividends or riding the AI hype, or just trying to pump the price. In my eyes, they’re still garbage projects; there’s way too much crap in the crypto space.
I don’t think anyone really believes in altcoin good news. Honestly, 99% of altcoin positive news is just luck if you happen to make money. If you really hold with a big-picture mindset, you’ll definitely be crying out loud later![Old Chive Observation] $LUMIA
LUMIA suddenly surged these past two days, and the most striking thing is not the price increase but the trading volume. Previously, the daily trading volume was only a few million USD, but on October 10th it suddenly expanded to over a hundred million USD, with the price once surging above $0.15. This level of volume change indicates that the capital attention has completely shifted, but it cannot yet be directly concluded that it is accumulation by a major player.
The market is also re-focusing on Lumia's previous buyback proposal: planning to repurchase the remaining HyperNode rewards at $0.09. However, this proposal is not the confirmed reason for this surge, and whether the buyback will be executed depends on the official follow-up.$USELESS 永续10倍多单，0.17587开，现0.18538，浮盈+54.07%。
思路很朴素：底部横盘缩量到极致，波动率压到地板，说明筹码准备拉升。一根放量阳线直接把价格从 0.17587 拉起来，典型的突破信号，追多不追空。10倍杠杆，止损 0.172。走势一路向上，不给任何舒服的上车位。
这位置我打算先减一半仓位落袋，剩下的一半止损提到 0.182 让利润跑。0.19 能放量突破就继续拿，突不破就全平走人。$MAGIC $STRK #CPI与PPI公布在即，加息预期迎考验 The market looked ugly green this week, but I switched my takeout from 15 yuan to 25 yuan.
Not bragging. On October 8th, SOL hit a low of 105.76, dropping more than 5 points in one day. I was staring at my phone, my hands trembling, still checking the market at 2 a.m. My wife turned over and asked why I wasn’t sleeping yet, and I said, "Almost."
By the close on the 10th, $SOL bounced back to 110.4, even up more than 1 point. I don’t understand support or resistance levels; I just know it’s been at 60 yuan this year, so why panic at this price?
Honestly, that night on the 8th, I really thought about selling half. My finger hovered over the sell button, but then I remembered I don’t even know how to read technical charts, and if I sold, I wouldn’t know when to buy back. So I locked my screen and went to the kitchen for a glass of cold water.
Now my move is simple: do nothing. Days without checking the market should outnumber the days I do. $XRP 永续100倍空单，1.4032开，现1.3952，浮盈+57.01%。
逻辑很简单：1.4032 附近反复冲高不破，每次反弹都被快速砸回，上影线越来越长，买盘明显衰竭。等到放量跌破关键支撑，右侧确认，跟空进去。100倍，止损 1.41。这一波跌得极其流畅，完全没给反抽机会。
现在把止损挪到 1.398 锁利。下方 1.38 如果放量跌破，还能再拿一拿。$DOGE $BTC #跟着OKX打卡2049 If this rebound is just postponing bad news, then is it more like a probe before a launch or the last breath before distribution? This is the question I most want to ask myself in my 72nd day of dollar-cost averaging notes. The market's answer is not enthusiastic. BTC is moving sideways around 83068, repeatedly pressured at 83174 above, with 81801 as the nearest support. The price repeatedly approaches resistance and then retreats; neither buyers nor sellers gain an advantage. This tug-of-war usually means the direction has not been truly priced in yet. ETH is back to 2509, supported near 2480, resisted at 2523, with a weak rebound that looks more like a correction than a reversal. SOL is at 110.41, supported at 107.51, resisted at 110.61, just poking out from the adjustment, but its recovery strength is clearly weaker than the other two. The signals I see are actually divided into two layers. - Momentum side: ETH and SOL only show slight warming, no volume breakout at key levels, indicating short-term buying is still probing. - Risk side: BTC spot ETF saw the largest single-day net outflow in nearly three and a half months; such events usually don't end with a single-day dump but change risk appetite in the following days. - Sentiment side: FOMC minutes show most officials favor another rate hike, meaning the market's previous expectations for easing pace may be repriced downward. This is why I don't want to just focus on price this time. ETF net outflows and rate hike tendencies appear simultaneously; the market is actually trading "money becoming more expensive, and buying interest thinning." Under this combination, BTC is more likely to be treated as$BTC $ETH Ethereum spot ETFs have seen net capital outflows for 9 consecutive days, with institutional funds continuously withdrawing, sparking market controversy again. Since the end of September, the cumulative net outflow has approached $700 million, with $542 million just last week, marking the worst weekly performance since January this year.
Some believe institutions are abandoning ETH, while others think this is just normal portfolio adjustment. However, data shows that ETF outflows account for about 27% of the asset size decline, with the rest more related to the drop in ETH price. Therefore, it is not justified to conclude that institutions have completely turned bearish on Ethereum solely based on continuous ETF outflows.
From a technical perspective, ETH is currently oscillating around 2500, with clear resistance from moving averages above, and short-term momentum remains weak. The key support to watch next is 2400; if it holds, there is still a chance for a rebound and recovery. If it breaks down effectively, further attention should be paid to support around 2300.
Personal view from Nuonuo: The short-term market may still need to fluctuate repeatedly, so it is not advisable to rush to bottom-fish for now. Whether 2400 can hold will be crucial in judging the next move. If it holds, wait for rebound opportunities; if it fails, patiently watch around 2300.
The more uncertain the market, the more important it is to control position size and remain patient. #CPI and PPI announcements are imminent, and interest rate hike expectations face a test The inflow situation of Bitcoin ETF next week is very important.
Yesterday, the net outflow ended and there was even a slight inflow.
This upward wave from 8K involved short covering and short liquidations.
Open Interest (OI) has clearly decreased, and the spot CVD is currently relatively stable.
The Coinbase premium index shows
that the current interest from the US side is not strong enough.
Institutions are waiting for the CPI and PPI data on the 14th and 15th before making plans.
The weekly close this week needs close attention.
Liquidity is relatively low over the weekend, so there is no substantial reference.
Ethereum's volume has remained weak during the rebound these past two days.
During the decline phase, volume actually increased,
indicating that selling pressure in the market has not been cleared.
The rebound is only a technical correction, not a trend reversal.
This must be kept in mind clearly.
Most likely, it will retest the four-hour moving average area next.
After that, this rebound will basically be over.
The next step, barring surprises, will be a direct drop to around 2350.
If it doesn't reach this level,
the current downward structure will not be considered complete