Orbit Post Sitemap
#SK海力士Q3财报在即，HBM4能否提振盈利？ The US stock market gave the crypto world a lesson tonight: when AI stocks pull back, BTC cools down as well.
Half an hour after the open, the Nasdaq dropped 1.6%, META's earnings beat expectations but fell about 6%, SPCX dropped about 4.8%, and Nvidia fell about 2.7%. At the same time, BTC fell about 2.5% in 24 hours, and ETH fell about 2.5%. Brent crude surged to around $112, with funds clearly moving to safe havens.
My judgment is somewhat optimistic: this time, what's being hit is the sentiment of "AI spending too aggressively," not the performance. SpaceX is still negotiating about $40 billion in financing to buy Nvidia chips, so computing power demand hasn't cooled. The Fed will most likely hold steady next week; once the US stock market stabilizes and risk appetite returns, the crypto market often follows suit and recovers.
I want to hear everyone's real actions: when US AI stocks pull back, do you take the opportunity to add to your BTC position, or wait for the Nasdaq to stop falling before making a move? Share your position logic in the comments.
The above is just my personal opinion, $BTC does not constitute investment advice. $ETH #MetaQ3营收超预期，法律费用与AI支出承压 #10月FOMC临近，美联储暂停加息还有哪些变数？
The October FOMC is approaching! The Fed pausing rate hikes is not a sign of market stability; the market hides major uncertainties
The Fed's FOMC meeting on October 27-28 is near. The Fed has entered a pre-meeting blackout period, and market risk aversion has already started to ferment early, with BTC currently down more than 3.22%.
The overall market is extremely optimistic. Data shows the probability of the Fed maintaining rates at this meeting exceeds 80%, and most funds are confident the Fed will hold steady this round. But blind optimism is absolutely not advisable; hidden risks lurk in the market!
US September CPI and PPI data both exceeded expectations, indicating inflationary pressure has not eased. Persistently high inflation data could break the market’s expectation of a pause in rate hikes at any time. Meanwhile, Fed officials’ ambiguous stance and refusal to pre-commit to policy direction leave ample room for future adjustments.
Key reminder: Pausing rate hikes does NOT mean the tightening cycle is over! The high interest rate environment will persist, continuing to suppress valuations of interest-free crypto assets like BTC.
Currently, the 80% no-rate-hike expectation has long been fully priced in by the market. Even if the Fed pauses rate hikes as expected this time, it will only exhaust the positive news and is unlikely to drive a major rally. On the contrary, it will likely trigger a sell-off upon realization. Caution and position control are essential going forward! #10月FOMC临近，美联储暂停加息还有哪些变数？
The Fed pausing rate hikes does not mean tightening is over; high interest rates continue to suppress risk assets like crypto.
For the crypto market, the rate decision is just the first layer. If the Fed keeps rates unchanged but emphasizes that inflation remains sticky, the market may not interpret it as positive.
If the policy wording is not as hawkish as expected, risk assets might initially breathe a sigh of relief. What truly influences the subsequent trend are the dollar, U.S. Treasury yields, and whether capital flows can provide synchronized signals.
$ETH $BTC $ZEC #SK海力士Q3财报在即，HBM4能否提振盈利？ Before the U.S. stock market opens tonight, the market has already shown a structure: the heaviest declines are not in the broader market but in the storage chain. SanDisk (storage manufacturer) fell 7.07% in 24 hours, Intel dropped 6.34%, SK Hynix (South Korean storage chip giant) fell 5.71%, and Micron (U.S. storage giant) dropped 4.75%. Without any sudden announcements from individual companies to confirm, this looks more like sector-wide selling pressure rather than an issue with a single stock.
If there are no company-specific negative news tonight, the market might be preemptively deflating demand expectations for the AI hardware chain. The Nasdaq 3x leveraged ETF (TQQQ) fell 3.75%, and gold tokens also dropped 1.41%, with no sign of funds fleeing to safe havens; overall, tech positions are reducing risk.
The crypto mapping side is also worth watching. MARA (Bitcoin mining company) fell 4.36%, Riot Platforms (Bitcoin mining company) dropped 4.28%, CleanSpark (Bitcoin mining company) fell 4.23%, Hut8 dropped 4.11%, with mining stocks weakening almost in sync; however, MicroStrategy (Bitcoin holding company) only fell 0.89%. This gap may indicate that the decline is in capital expenditure and liquidity-sensitive parts, not in the Bitcoin holding logic itself.
Going forward, focus on one line: whether Nvidia will follow with a catch-down drop. If it doesn't, the storage chain's issue is more about positioning; if it does, then the overall cooling of AI hardware is more likely to be real.$xSNDK core conclusion in one sentence: The performance itself is very likely still strong, but market expectations are set very high, creating a pattern of "good fundamentals, but easy for positive news to trigger a sell-off."
✅ Positive points
1. Long-term contract floor: Holding 8 long-term NBM large orders, guaranteeing $93.9 billion in revenue, with AI inference storage demand as the main theme, and the big logic of tight NAND supply remains unchanged.
2. Company's own guidance: Revenue of 10.3–10.8 billion, EPS 44–46, gross margin 83%~85%, absolute values still explosive-level profitability, continuing quarter-over-quarter growth, though growth rate has slowed (last quarter QoQ +51%, this quarter guidance midpoint QoQ +17.7%).
3. NAND spot prices have remained firm recently, data center demand continues, consumer side (phones, PCs) is weak but not the main contributor. #闪迪存储业务高增长能否延续？
SanDisk dropped from 2354 to 1307, but analysts are calling for 2173 — who is really wrong?
$SNDK has risen 480% this year, but this correction has left many confused. The peak was 2354, today it hit 1307 intraday, a pullback of over 44%; yet on the other hand, 68% of 25 analysts give a strong buy rating, with an average target price of 2173, nearly 67% above the current price.
The bulls and bears now have two completely opposite logics.
On the bullish side, the trailing twelve months (TTM) P/E is only 16x, 8 long-term contracts lock in 93.9 billion in guaranteed minimum revenue, covering over half of supply for the next four years, NAND prices are still rising, and AI inference demand supports the bottom — this price looks like a clear undervaluation.
On the bearish side, voices saying AI infrastructure spending has peaked are growing louder, interest rate hikes are suppressing high valuations, the Philadelphia Semiconductor Index has fallen for 8 consecutive days, today global memory stocks are falling sharply, SK Hynix, Micron, and Western Digital all dropped hard, and in August, just one revenue guidance below expectations caused an 8% drop after hours.
I side with the undervaluation argument, but the bears' logic is not baseless. The 93.9 billion guaranteed revenue is real money, a cyclical stock at 16x PE is truly not expensive, I give this dip a 60-70% probability of being a golden buying opportunity; the only risk to watch is if 1300 breaks again, which would indicate institutions are pricing in a cycle peak.What truly matters is not how much unrealized profit there is, but how this position survived. A few days ago at dawn, $SNDK suddenly plunged during a period without spot market support, causing a large number of related contracts across the network to liquidate within minutes, with long positions accounting for more than 70%. That day, many people didn’t get the direction wrong; they were directly swept out by the depth.
The essence of this kind of market movement is price source distortion. When the spot market is closed, perpetual contracts lose their anchor, and the order book is very thin. A large liquidation can trigger a chain of forced liquidations, with longs stepping on longs pushing the price down. The price fully recovered afterward, but those liquidated couldn’t wait for this correction.
So for this long position to surface, it first shows respect for the risk of trading sessions, and only then the judgment of direction. The opening cost is stuck above a key level, meaning the cost line wasn’t breached, so the position qualifies to talk about unrealized profit.
Currently, the price hasn’t broken through previous resistance, and the earnings report window is still ahead. The larger the unrealized profit, the more you should move your stop loss up, letting profits bear the risk for you. Don’t gamble your life on imagined target prices. $BTC $ETH #闪迪MSCI调仓生效，NAND估值受关注 Trump's probability of sweeping both chambers in the midterm elections is less than 10% (Polymarket about 9%). 🦈 $1.48 trillion — Americans borrowing to speculate in stocks has surged to the second highest ever, with the 10-year US Treasury yield topping 5.15%. High interest rates + high leverage are cooling the market: • KBW Bank Index down about 13% from August record, falling for 6 consecutive weeks (longest since 2008) • Goldman Sachs: Hedge funds are reducing tech stock holdings at the fastest pace in at least a decade • South Korea's KOSPI down 20.7% over 7 trading days • Bitcoin around 81,900, down about 35% from its peak Two election scenarios: • Baseline scenario (high probability): Divided Congress → policy deadlock, ongoing uncertainty • Unexpected scenario (about 9%): Republican sweep → yields above 5% may trigger a "bond vigilante" Good news: Bitcoin spot ETF net inflow about $527 million in one day; since 1954, the S&P 500 has risen in all 18 midterm election 12-month periods, averaging +18.2%. The real variable: What the Fed says on October 28. Which side are you betting on? Yesterday was the bulls' feast, today it's the bears' turn to take a bite! A couple of days ago, Bitcoin $BTC surged to 84,900, I didn't join the bullish calls, and I never let go of my short positions. Today it was slammed back down to 81,700, finally the bitter ends have turned sweet! Ethereum $ETH dropped from 2526 to around 2410, looks like a short-term correction! It's not just the crypto market taking hits; China's ChiNext index fell 4.37%, South Korea's KOSPI dropped 3.52%, and SK Hynix fell over 5%. Meta raised its capital expenditure guidance for this year to $135-145 billion, constantly hyping AI stories, but the market seems a bit skeptical! Meanwhile, Brent crude oil briefly surged above $112, with US-Iran tensions and energy supply risks in the Strait of Hormuz still unresolved. The Fed is set to meet on the 28th; most expect no rate hike this time, but the December hike expectation remains. With oil prices this high, who dares to call for liquidity easing early? Global venture capital is under pressure; why should Bitcoin alone keep bullish? I still maintain my bearish bias amid volatility. If 82,000 can't be reclaimed, 80,000 risks being tested again. If shorts get a bite, don't get cocky; to profit, you must also hold firm—that's what real gains look like! BTC and ETH both surged then fell back, with long and short liquidations at a ratio of 159:1: Whales are lining up at the exchange entrance, while you’re still in the group chat asking “Is the bull back?”
BTC slid from above 84,000 down to around 82,000, ETH dropped from 2,500 back to the 2,400 level. In the past hour, BTC long liquidations reached 27.87 million, shorts only 175,800; ETH long liquidations were 9.8 million, shorts 850,000 — the long-to-short ratio is close to 159:1, the bears didn’t even get a “funeral” number tonight $BTC
Even more amusing is the whales’ posture: short-term unrealized profits for whales shrank from 9.8 billion to 4.6 billion in one month, halving; on October 20 alone, they moved 10,605 BTC to exchanges, 2.8 times the 30-day average. Whales are moving coins to the exchange entrance to line up, which means “possible selling”; retail investors line up in the group chat asking “Can I buy the dip?”, which means “asking questions.” And while you hesitate at 82,000 wondering whether to act, the whales’ transfer records have already answered for you — a counter-question: Are you faster than on-chain data?$ETH
On the macro side, the VIX surged 11%, Nasdaq futures plunged 1.82%, and Middle East risk aversion is the real “big player” tonight. Traders predict: if BTC 82,000 and ETH 2,420 are broken with volume, don’t ask where the bottom is, first ask if your position can withstand the next spike. #10月FOMC临近，美联储暂停加息还有哪些变数？ #ETF买盘持续回流，BTC为何仍未走强？ A signal easily overlooked today: spot silver plunged 5% intraday, crashing straight down to just above $55. Many people's first reaction is, "How can a safe-haven asset fall?"
The answer is often very simple: when the market starts widespread deleveraging, no one is truly safe-haven; everything that can be liquidated will be sold simultaneously to cover margin calls and reduce exposure, and gold and silver are no exceptions. This has nothing to do with the usual stories about war or inflation being bullish; it's purely liquidity contraction.
The takeaway for $BTC is straightforward: when the moment comes that "everything is falling," don't expect it to stand alone as digital gold; its beta is even higher than silver's. Today, Philadelphia Semiconductor -4%, Meta wiped out $100 billion, silver -5%—looking at these together, it's a picture of risk assets collectively shrinking their exposure. In such an environment, cash and short positions are more valuable than stories.The US stock market just opened, but what came was not reinforcements, but a solid sucker punch! BTC directly fell below 82,000, ETH at 2,400 is on the brink, brothers waiting for the US market to open, are you feeling cold now? Looking at the market data, a very dangerous signal was found.
First, look at $BTC current price 81,600, down more than 2.6%. Notice the 4-hour data, the long-short account ratio rose sharply from 1.4 in the afternoon to 2.07 with this drop! The more BTC falls, the crazier retail investors bottom-fish, all rushing to catch the falling knife, making the chip structure worse. This round of washing out is not over yet.
Next, look at $ETH current price 2,405, the data is simply outrageous, the 4-hour long-short ratio directly hit 3.01! The screen is full of retail bulls holding on desperately. ETH broke below the previous consolidation range, all retail leveraged positions. The whales won’t let it drop below 2,400 to clear these people, otherwise it can’t be pulled up.
Finally, look at $SOL current price 104.8, also falling, the 4-hour long-short ratio is as high as 2.64, the load is too heavy, all retail investors are holding positions, short-term this can easily trigger a chain stampede.
Summary: The US stock market opened with a direct dump, but bulls are still crazily adding positions to catch the fall. The current market is a meat grinder; without fully washing out leverage, there will be no bottom. If you don’t want to bottom fish, preserving principal is most important.
#10月FOMC临近，美联储暂停加息还有哪些变数？
#ETF买盘持续回流，BTC为何仍未走强？
#特斯拉Q3汽车毛利率回升，自由现金流转正 #MetaQ3营收超预期，法律费用与AI支出承压 Better than expected, why did it still drop?Yesterday, the screen was full of people shouting "the reversal is coming" for the second day, but today the Nasdaq 100 opened down 1.4%, $BTC slipped back below 82,000, and $ETH fell below 2,400. In less than a day, the voices saying "the bottom is in" have gone quiet.
This is exactly what I've been repeating: that upward candle yesterday was not bulls entering the market, it was shorts being temporarily pushed out, which is a short squeeze. The characteristic of a short squeeze is that it comes fiercely and ends quickly, leaving no trace. If it were a real trend reversal, it wouldn't play out like this.
The most frustrating thing about shorting isn't being wrong on direction, it's being right but getting slapped back and forth by rebounds in between. Those who were itching to close their positions when profits were giving back yesterday are probably regretting it today. Remember this: don't change your mind because of a single K-line; hold on as long as the framework isn't broken. Did you make a move yesterday?Last night Meta's earnings report came out, revenue exceeded expectations, and the stock rose 4% after hours, with the whole screen turning positive. Today at the market open, the stock price directly dropped over 6%, wiping out $100 billion in market value in one day.
The market's algorithm changed overnight. Yesterday, the focus was on "revenue exceeding expectations," today it's on that unsexy line in the earnings report: the full-year capital expenditure guidance was raised again. Translated into plain language, the money earned is still less than the money burned, and the burning is going to be even fiercer.
This is the most contradictory aspect of the AI bubble: when burning money is called "investing in the future," the stock price rises; when the same amount of money is re-labeled as a "bottomless pit with no visible returns," the stock price crashes. The numbers haven't changed, what changed is the narrative. High beta assets like $BTC are always the first to get hit when sentiment turns sour, so don't just focus on the coin price, look up at the Nasdaq.Everyone is shouting about a rally, but I advise you to first check the "temperature" of these three coins. Peeling back the candlesticks to look at the funds, the temperature is completely out of sync:
🟠 $BTC (around 81816): Over 1 billion inflows in three days of ETF, but all buying is concentrated in IBIT and FBTC. My understanding: this is institutions defending, not attacking. The tug-of-war near 82000 indicates heavy trapped positions above, lacking the strength for a breakout.
🔵 $ETH (around 2409): October ETF outflows hit a yearly high of 1.08 billion, with BlackRock still exiting. Price rebounds but funds retreat, a typical bull trap. Heavy resistance above 2500, the pain of liquidity withdrawal—don’t blindly bet on a breakout.
🟣 $SOL (around 105): ETF outflows ended after 13 days, with only 585,000 inflows, but the direction has changed. On-chain RWA grew from 700 million to 4.3 billion in a year. My understanding: fundamentals are ahead of funds, smart money is testing the waters on the left side, but it’s not yet a trend.
🌍 Macro: Tech earnings and rate hike expectations suppress risk appetite; big money now has a "shoot and run" mentality.
📌 Practical summary:
The key to this rebound is not who rises the most, but whether funds can shift from "spot inflows" to "sustained relay." Any rally without sustained relay is just playing rogue. Control your hands and wait for the right-side signal!
(Review record, not investment advice)
#10月FOMC临近，美联储暂停加息还有哪些变数？ Meta's earnings report caused its stock to surge 7% after hours, but it dropped to 680 pre-market. I'm watching first and not chasing.
Q3 revenue was $64.6 billion, up 26% year-over-year, with a 14% increase in average price per ad.
However, costs surged 68%, including a $9.89 billion provision for a teen mental health lawsuit settlement.
Excluding this, earnings per share were $7.40, but the reported figure is only $3.83.
More strikingly, free cash flow turned negative, about -$2.1 billion.
Full-year capital expenditures narrowed to $135–145 billion, with the lower bound actually raised by $5 billion.
After hours, the highest price reached 748.8, then fell back to 680 pre-market at 21:06 Beijing time, 2.5% below yesterday's close of 697.52.
I think the ad engine is solid; the market is calculating when AI spending will break even.
Legal fees are one-time, but negative cash flow is not.
My approach: wait to see if it can close above 697.5 (yesterday's close) tonight before considering a recovery; if it falls below the 50-day moving average at 661.5, this recovery attempt is considered failed.
Do you think Meta is buying the future or just burning cash?
$META $NVDA $QQQ
#MetaQ3RevenueExceedsExpectations, LegalCostsAndAIExpenditurePressure #OctoberFOMCApproaching, WhatAreTheVariablesIfFedPausesRateHikes?#MetaQ3 revenue exceeds expectations, legal fees and AI expenses under pressure
$META revenue $64.6 billion, +26% year-over-year, earnings per share only $3.83.
▪️ Net profit $9.86 billion; excluding $9.89 billion legal settlement costs, earnings per share $7.40
▪️ Total costs and expenses $51.61 billion, +68% year-over-year, operating margin dropped from 40% to 20%
▪️ Free cash flow −$2.2 billion, first negative since listing
▪️ Capital expenditures $34.91 billion; full-year guidance floor raised from $130 billion to $135 billion
▪️ Ad impressions +10%, average ad price +14%; daily active users 3.64 billion
▪️ August settlement with nearly 48 states, highest in ten years at $18 billion; on the day of the earnings report, New Mexico additionally fined $25 billion
Advertising side remains strong: unit price up 14%, impressions up 10%, both pushing growth. Profit side held down by two bills—$9.89 billion included in this quarter’s statement, $25 billion penalty landed on the day of the earnings report.
Newly established non-voting Class C shares issued one-for-one, effective January 2027, financing does not affect voting rights. On-chain — Short-term whales' unrealized profits halved, exchange inflows surge
This is currently the most overlooked negative signal. The unrealized profits of short-term whales dropped 53% from 4.6 billion on September 22. The closer unrealized profits get to zero, the closer the price is to the average holding cost of these whales — the buffer of on-paper profits is rapidly thinning.
Meanwhile, on October 20, whales transferred 10,605 BTC to exchanges in a single day, the highest since October 8, about 2.8 times the nearly 30-day average daily inflow (3,815 BTC); the nearly 30-day average itself is 17% higher than the past year's average, indicating this is not a one-day anomaly but a systemic increase in overall inflow scale. Analysts define the combination of "narrowing unrealized profits + rising exchange inflows" as a "moderate negative" signal.
$BTC $ETH $ZEC #特斯拉Q3汽车毛利率回升，自由现金流转正 Conclusion first: The judgment made at noon has been realized. What I said was "If it breaks 82,642, then look toward 81,000." Tonight $BTC is at 81,705 (-2.5%), with a low of 81,589, and 81,000 is within reach. Tonight, the whole world is falling, not just the crypto circle: Tesla fell 5% pre-market, South Korea's KOSPI closed down 3.52%, hitting its lowest point since April, and risk assets are collectively contracting. $ETH touched a low of 2,395, losing the 2,400 level, currently priced at 2,399 (-3.4%); $SOL is at 104.4 (-2.9%). The greed index is 49, neutral. What’s really worth watching is the funding rate: $BTC +0.0058%, unchanged for half a day, never turning negative. The price dropped 2.5%, but the bulls are not backing down—interest is still being paid, positions are not reduced (OI 30,182 BTC, 2.465 billion U, basically no movement). This is data I pulled from Binance at 21:15 tonight. To translate, it means "It fell but refuses to give in": the V-shaped rebound lacks strength, and there’s no reason to push further down, the most frustrating state. From tonight until tomorrow morning, just focus on the 81,000 level. If it breaks below and cannot recover within 4 hours, look toward the 80,000 area; if it holds and stands back above 82,000, the "grind" continues. The falsification condition is set here: if before tomorrow morning’s market open $BTC recovers above 82,500, then my statement tonight "continue probing downward" is immediately invalidated, and I will acknowledge it at the start of tomorrow. Retail investors have been shouting for three consecutive days that "storage has bottomed out, now is the buying range," but today the Philadelphia Semiconductor Index plunged 4% in one go, hitting a more than two-month low. Hynix, Micron, and SanDisk led the decline; the stocks that were praised to the skies by research reports just yesterday were the first to be pulled down by the market today.
My short positions on storage, pressed down by the AI bubble, have not been closed at all. It's not stubbornness, but the logic hasn't changed: the money on the AI computing power chain is propped up by round after round of financing valuations, not cash flow generated from real orders. The rebound can squeeze my unrealized gains, but it can't eliminate this fundamental problem.
The same candlestick is seen by some as a "golden pit," while others see it as "another opportunity to short." $BTC is also soft today along with tech. Which side are you on? $BTC
Last night after the US stock market closed, Tesla released its Q3 report, and BTC directly dropped from 84899 to 81753, with long positions liquidated overnight for $210 million. But the strange thing is this: on-chain data shows Tesla and SpaceX together still hold 30,221 bitcoins, worth about $2.47 billion, and they didn’t sell a single one in Q3. Musk verbally says the merger is a good idea but not necessarily happening, while a $47.3 billion capital expenditure gap scared the market, yet they stubbornly hold their coins without selling.
Even stranger is the fee rate; BTC fees are now almost zero (0.0069%). After the longs were just washed out, shorts didn’t rush to build up positions either. After the failed surge at 84899, the price hovered around 82000, down 2.37% in 24 hours. This combination of large company holdings not moving and fees flatlining usually indicates there is basically no direction in the market.
A question for contract traders: with this drop, are you treating it as a shakeout to continue holding, or since fees are zero and no one cares, will you admit defeat and exit if it breaks 82000?
#10月FOMC临近，美联储暂停加息还有哪些变数？ At 10 PM, the streetlights outside the window lit up, and I looked at the green in my account.
Reviewing this trade, the core issue is the "supply shock." $AKE has a circulating supply of 22.8 billion, a total supply of 100 billion, with 77.1 billion still locked. On October 21, a one-time release of 2.11 billion tokens, accounting for over 9% of the market cap, is a volume that such a small market simply can't absorb.
The short position at 0.03556 is very critical—above it, 0.037 has been a strong resistance since the end of September, and it's also the trapped zone above the 0.236 Fibonacci level at 0.0321. The long upper shadow candle on October 15, which surged then fell back, was my entry signal. Using 20x leverage with only a small position.
The current mark price is 0.02798, having broken the 0.029 support. Looking ahead, the next target is the previous low at 0.022; if it breaks effectively, then the 0.382 Fibonacci level at 0.0118 is the next focus. If it climbs back above 0.032, the bearish outlook needs to be reconsidered.
$ETH $BTC #10月FOMC临近，美联储暂停加息还有哪些变数？ Bubblemaps: Trader Kimchi did not earn $40 million on TRUMP; actual profit is about $6 million
On October 22, according to on-chain analysis platform Bubblemaps, trader Kimchi did not earn $40 million on TRUMP. This rumor has been circulating since 2025, lacking long-term verification, and Kimchi himself has not commented, but it has been continuously spread by token issuance platforms and KOLs. Bubblemaps started from the wallet Kimchi used to distribute airdrops and the initial $KIMCHI tokens, uncovering a batch of previously unidentified associated wallets, including ECCKBD, calculating the real profit to be about $6 million. Only some associated addresses are disclosed this time; the existence of other unknown profit wallets cannot be ruled out, but if any exist, they have most likely already been made public. Yesterday, the market value of the eponymous token Kimchi once reached $40 million; Kimchi himself holds 75.32% of the total supply of this token. Pump.fun co-founder a1lon9 confirmed a cooperative relationship between the two parties and stated that Kimchi is helping Pump.fun formulate creative directions.
#10月FOMC临近，美联储暂停加息还有哪些变数？ $BTC $ETH $TRUMP $ONDO
The narrative of real assets still exists, so why hasn't the token strengthened accordingly?
In this morning's spot market snapshot, ONDO's 24-hour price change was -0.60%, with a price range of 0.4475—0.4725 USDT.
Popularity of the underlying product does not automatically mean the token shares in the asset's income. There may be a gap between assets under management and the economic rights of token holders; the price pullback offers an opportunity to re-examine this transmission.
If product growth begins to correspond to clear token demand, valuation can be reconsidered; if scale increases without value capture, narrative enthusiasm cannot replace realized returns. FIL fell below $1, and at 21:00 it hasn't closed yet. The spot trading volume has already exceeded ten times that of the previous hour. OKEx quoted $0.9722 at 21:52, with an intraday low of $0.9456; the 24-hour volatility is about 14.2%, and the trading volume is approximately $16.59 million. At 21:00, the spot trading volume was about $3.1551 million, while at the full hour of 20:00 it was about $304,000.
I remain cautious about this rebound. The price returned to around $0.97, still below the 21:00 opening price of $1.0043. The volume expanded very quickly, but the price after the drop has not yet recovered.
This hourly candle hasn't closed yet, so it's too early to treat the volume increase as trend confirmation. Next, I will wait for the 21:00 close; if it recovers above $1, I will revise this cautious stance; if it remains below, I will pay more attention to whether the trading volume continues in the next hour and whether buy-side orders near the price can be maintained.
$FIL The historical position of $IOST could still catch a wave on September 10, but yesterday the funding fee alone swallowed 576. If you didn't close the position before the fee was deducted, it was purely due to laziness. The movements of $DOOD and IOST yesterday once again confirmed that my directional judgment was correct, but there were still deviations in execution, and the operation didn't keep up with the rhythm. What’s truly worth watching is not how much it has risen, but that once these kinds of volume-driven surging coins start to fall, especially with rapid declines, it requires at least one very long candlestick or several consecutive long candlesticks to complete. A trading volume breaking through the 100 million level is the hard threshold to judge whether distribution has started. This is a strong bearish signal, but not the only one. My method is very simple: I only look at candlesticks, not any technical indicators, and use trading volume as a reference to see if it crosses the thresholds of 10 million, 50 million, or 100 million. After watching a lot, you naturally form your own standards. The reason why historical positions like $IOST can be caught is precisely because the volume-price structure provides a clear window for phased exits, rather than relying on a sense of security built from indicators. What most people underestimate is that the decline after a volume surge is never a matter of a single candlestick, but a process that unfolds over time. The real risk is not making the wrong directional judgment, but losing adjustment space when funding fees continuously erode and positions are too full. Controlling your hands is harder than getting the direction right. Don’t add positions lightly, don’t let your position be maxed out—this is the rarest discipline in such high-volatility markets. A quote to reference: the first long bearish candlestick after a volume surge is not the end, but a confirmation signal that distribution has begun, and the volume level decision...#Strive large-scale accumulation, Strategy buyback scale exceeds coin purchase
The leader has something to say
The allocation differentiation of treasury companies is becoming more and more obvious. Strive has significantly increased its holdings by 4,045 BTC, raising the total position to 36,818 BTC, with the CEO emphasizing continued reserve expansion. BitMine increased its holdings by 12,535 ETH, reaching 6.0415 million ETH, accounting for nearly 4.9% of the total supply, and is still buying.
But Strategy is doing the opposite. It only increased its BTC holdings by 267, while spending $193.1 million to repurchase STRC preferred shares. The money spent on buying coins is far less than that spent on buybacks.
I believe the logic of the treasury model has changed. A comment in the discussion section hits the mark: high-yield preferred stock fundraising to buy coins means financing costs are deeply tied to the coin buying pace. Now that preferred shares have fallen below par value, Saylor must repurchase to protect credit and maintain reserves to prevent financing breakdown. Previously, it was mindless financing to buy coins; now the priority is to protect credit and stabilize capital structure. In a high-interest-rate environment, financing costs are suppressed, and any price fluctuation makes the leverage model fragile.
On the market, BTC dropped 3.10% today, ETH fell 2.87%. The incremental buying from treasuries is slowing down, unable to support prices in the short term.
I shorted from 83,000 yesterday, added on the rebound, and took profits on the waterfall today. Now watching if the 80,000 support level can hold; if not, expect deeper correction. Resistance is between 84,000 and 85,000. No chasing the rise or panic selling; set stop losses properly. $BTC $ETH
The above analysis is time-sensitive; stop losses must be set properly for trades $ZEC At 10 PM, the streetlights outside the window lit up, and I was staring at the green on the chart, forgetting even to stir my instant noodles.
This short position was entered around 2462. At that time, the CPI data had just been released, US Treasury yields rose above 5%, risk assets collectively came under pressure, and $ETH rebounded to around 2470 but couldn't hold, which was a clear sign of weakness.
The fundamentals also supported this: in October, the ETH spot ETF saw cumulative outflows exceeding $1 billion, whales were still transferring coins to exchanges, and sellers clearly dominated. Technically, 2400 is a psychological barrier, so I placed a short just above it with a stop loss at 2475.
Now the mark price is 2398.98, with an unrealized profit of 258%. Next, I’m watching the 2370 support; if it breaks, I’ll look at 2300; if it rebounds above 2440, I’ll consider reducing the position, especially since the market tends to fluctuate before the FOMC on the 28th.
$BTC $ZEC #10月FOMC临近，美联储暂停加息还有哪些变数？ #10月FOMC临近，美联储暂停加息还有哪些变数？
The October FOMC is very likely to pause.
CME FedWatch shows an 83.9% probability of keeping rates unchanged, but a 76.1% chance of a 25bp hike in December.
1. Data contradictions: September CPI exceeded expectations, core month-on-month stayed at 0.3% consecutively; but nonfarm payrolls increased by only 29,000, and unemployment rose to 4.2%.
2. Waller broke the communication anchor: He refused to predict the October decision, said no more policy previews, twice rejected the dot plot, and distanced himself from SEP's median forecast of "one more hike this year."
3. Internal divisions remain unresolved: Although September's hike was unanimous, reasons varied; since then, some advocate continued tightening, others say urgency is low.
Political undertones also exist: Trump is pushing to investigate Fed Governor Cook, which doesn't change the October vote but undermines independence pricing.
Therefore, the focus on October 28 is not "whether to hike," but whether the statement retains the phrase "further tightening," and how Waller interprets "pause" as "tightening unchanged."
In short: pause is the baseline scenario, but the consensus supporting it is being simultaneously eroded by data contradictions, communication breakdowns, and internal divisions. @OKX中文 @OKX星球 @律动BlockBeats $BTC Reviewing Tesla $TSLA Q3 adjusted EPS came out at $0.48, I guessed wrong, very annoying 😂
I was originally focused on the delivery volume only growing 1.33% quarter-over-quarter, and thought R&D expenses wouldn’t come down, so I leaned NO
Turns out expenses didn’t decrease, but gross margin improved more than I expected
Overall gross margin rose from 16.8% in Q2 to 19.6% in Q3, with contributions from both automotive and energy storage
Revenue basically unchanged, gross profit increased by $743 million
I placed too much emphasis on sales volume
Capital expenditures also decreased quarter-over-quarter, but this mainly improved cash flow and can’t directly explain EPS beating expectations
But honestly, it’s still very hard to judge these changes before the earnings report 🥲
@misaENFP It’s really tough, pure hell mode
Pricing and discounts can be tracked, but how much unit cost and business structure can raise gross margin is very hard to calculate 🥲
Capital expenditures are even harder. Listen to management tone? Monitor construction progress? Dig into supplier news, hiring, and procurement?
Are there friends who study US stock earnings reports? What clues do you watch before earnings? How do you judge? How do you improve this probability?
#USStockEarningsSeason @okx #TeslaQ3 automotive gross margin rebounds, free cash flow turns positive - The support layer below 10,000 that "looks very stable" is actually the most fragile link right now. If positions close to the defense line like 80888 start being repeatedly tested, would you still think that's a buying point? When I watch the order book, I get a subtle feeling: every time the price slides near 80,000, it gets pulled back. On the surface, it looks like spot is supporting it, but on the derivatives side, it seems more like shorts are afraid to chase and longs are hesitant to add, all waiting for the other side to make the first move. The truly fragile point is not the 80,000 integer itself, but the stop-losses and leveraged positions stacked below it. Once it breaks down effectively and fails to recover, it triggers not only a technical breakdown but also a chain reaction of forced liquidations. Moving up, 82,888 is the previous dense trading zone and the first real barrier in this rebound. The capital preference is now very clear: short-term money is willing to buy dips above 80,000 but unwilling to chase higher; ETFs have inflows and outflows; big money quietly accumulates above 80,000 but without urgency to push the price quickly away from the cost zone. This indicates the market is trading a "repair after holding the defense line," not a "new trend start." Part of the expected repair has been priced in early; the unseen risk left is: if volume keeps shrinking and funding rates don't clearly turn negative, the squeeze fuel will be insufficient, making the rebound prone to frustrating oscillations. The more bullish path is that 80,000 is repeatedly confirmed effective, spot buying continues to absorb selling pressure, 82,888 is taken with volume, then 83,500 will have a chance $IONQ IONQ's current core contradiction is the coexistence of a high-growth revenue curve and a deeply unprofitable earnings structure, while the stock price is currently in a technical bearish alignment.
Short term (weeks level): The gain or loss of $30.03 is the key to judging whether the oversold rebound can hold. If this level holds and volume increases to break above $34.35, the rebound structure may be preliminarily confirmed; if $30.03 is effectively broken down, there is a risk of seeking support around $28 or even $25.
Medium term (months level): $46.16 is the most important observation point at the trend level. Until the price effectively recovers this level, the medium-term technical pattern still leans toward bearish dominance.
Fundamental perspective: The significant upward revision of revenue guidance provides narrative support, but the earnings timeline, the integration effect of SkyWater, and whether the Q3 report can meet high expectations are the fundamental variables determining whether the stock price can move from an "oversold rebound" to a "trend recovery."SanDisk dropped from 2354 to 1307, halving in value, yet analysts are calling for 2173. So who is wrong?
$SNDK has risen 480% this year, but this correction has left many confused. The peak was 2354, today it hit 1307 intraday, a pullback of over 44%; meanwhile, 68% of 25 analysts strongly recommend buying, with an average target price of 2173, nearly 67% above the current price.
The bulls and bears now have two completely opposite logics.
On the bullish side, the trailing twelve months (TTM) P/E ratio is only 16x, 8 long-term contracts lock in a guaranteed minimum revenue of 93.9 billion, covering over half of supply for the next four years, NAND prices are still rising, and AI inference demand supports the bottom. From this perspective, the price looks like a clear undervaluation.
On the bearish side, voices saying AI infrastructure spending has peaked are growing louder, interest rate hikes are suppressing high valuations, the Philadelphia Semiconductor Index has fallen for 8 consecutive days, today global memory stocks are plunging in a chain reaction, SK Hynix, Micron, and Western Digital all fell sharply, and in August, just one revenue guidance miss caused an 8% drop after hours.
I side with the undervaluation argument, but the bears' logic is not baseless. The 93.9 billion guaranteed revenue is real money, a cyclical stock at 16x PE is truly not expensive, and I give this correction a 60-70% probability of being a golden buying opportunity; the only risk to watch is if 1300 breaks again, which would indicate institutions are pricing in a cycle peak.
#10月FOMC临近，美联储暂停加息还有哪些变数？
#存储芯片股反弹，AI扩产与竞争并存 BTC remains strong at a high level, draining liquidity; capital only recognizes core assets, and the Meme sector is bleeding across the board. $DOGE actually has a catalyst on the fundamentals—DOGE-1 satellite is set to launch in November, and Musk has been frequently promoting it on X. But the market completely ignores it, a typical case of “positive news being dulled.” On-chain data is even clearer: Whale Alert has monitored frequent large movements, with 150 million DOGE transferred from unknown wallets to exchanges, a clear sign of selling pressure.
0.0823 touched a high with shrinking volume, bulls can’t hold, and selling pressure layers keep pressing down. 50x short position opened.
Marked at 0.07938, floating profit +177.39%.
Honestly, under 50x leverage, this number is an amplified illusion; a single spike can wipe out profits. 0.079 is short-term support; if broken, look to 0.075; if it rebounds and holds above 0.0823, the short structure is broken, and it will move directly. $BTC $ETH #特斯拉Q3汽车毛利率回升，自由现金流转正 BTC fell below 82,000, but this time it's not the crypto community's fault.
The total market cap dropped 1.95% in 24 hours to 2.76 trillion. The Nasdaq is down 2.9% over 7 days, the S&P down 1.2%, all falling together. Confidence in AI chips and cloud infrastructure is shaken, dragging down overall risk assets. Stocks and crypto prices are moving downward in tandem.
Leverage is being cleared: BTC open interest contracts dropped 3.4% in 24 hours, and the funding rate turned from positive to negative. Long positions are being forcibly liquidated and exiting, not a new short attack.
Sector-wise, Optimism ecosystem and LST governance fell over 8%, while stablecoins and private credit rose against the trend. Money is moving to safe havens.
But there's a contrast worth noting: BTC ETFs saw a net inflow of 525 million yesterday, 3.4 times the recent inflows, with three consecutive days of net inflows and a 14-day cumulative positive turn. Price is falling, but institutions are buying. Don't overlook this divergence.
Negative signals: ETH has net inflows to exchanges on-chain, indicating potential selling pressure; BTC has net outflows, indicating coin hoarding. The two sides are diverging. Stablecoin market cap is basically flat, with no major off-exchange inflows or outflows.
Next, watch three things: whether 81,000 can hold—some analyses say this is the ETF buying cost reference line, and breaking it might lead to 70,000; whether ETF inflows can continue—institutions are adding positions even as prices fall, possibly a bottom-fishing window; and whether confidence in the AI sector can stabilize—if tech stocks remain weak, crypto prices will struggle to stand alone.
In short: prices are falling, institutions are buying, leverage is clearing. Don't rush to take sides; wait for 81,000 and the ETF to give the answer. Capital flow: ETFs are buying, but on-chain whales are "repaying debt"
ETF—$1.07 billion in three days, monthly positive
Bitcoin ETFs saw inflows of about $617 million over three days, turning positive to about +$457 million. BlackRock IBIT contributed the most on Monday with $665.2 million in a single day, and Fidelity FBTC had the largest single-day inflow of the month on Wednesday with $212.7 million.
However, there is a structural crack: Ethereum ETFs lost about $1 billion in the same period, with outflows on 12 of the 14 trading days from October 2 to 21. BlackRock ETHA alone accounted for $954 million. Funds are concentrating internally within crypto from ETH to BTC, rather than a full return.
$BTC $ZEC $ETH #特斯拉Q3汽车毛利率回升，自由现金流转正 $QQQ vs $xKORU Money Is Betting Against Both
Two declining assets, but the pressure beneath the surface tells different stories.
QQQ is heavily dominated by shorts, yet both sides remain profitable. Interestingly, fresh buying significantly outweighs selling, suggesting bulls are challenging bearish positioning.
KORU looks more vulnerable. Shorts control most of the capital and are sitting on substantial profits, while longs struggle. Recent selling pressure also remains stronger than buying A chain that has been online for only 3 months
earned more last quarter than Ethereum.
Robinhood Chain about $51 million,
Ethereum about $41 million.
Same quarter.
There is a catch in this comparison:
① The new chain runs on Ethereum, fees are paid in ETH, and Ethereum still takes a cut.
② ARK warns: when gas prices rise, the high fees collected from congestion will disappear and won’t last long.
The real answer will come with Robinhood’s financial report on October 27.
Don’t worry about whether Ethereum will be replaced;
the real question is: is this $51 million real demand, or just fees from congestion.$SOL This trade follows the same logic as ETH: capital only recognizes BTC core assets, with altcoins and secondary core assets being drained across the board.
The fundamentals are actually quite lively: the Alpenglow upgrade just landed, confirming speeds directly down to 150 milliseconds, and the institutional ETF also broke records a few days ago. But the capital side is completely unconvinced—spot ETFs have had net outflows for more than ten consecutive days, and SkyAI directly liquidated over 2 million SOL in its holdings for cash. A typical case of “good news fully priced turning into bad news,” the story ends with the main players running away.
106.69 touched with no volume, the order book selling pressure is obvious, so I shorted 100x.
Marked 104.95, floating profit +164.02%. Those who understand 100x leverage know, the numbers look good but mean nothing; one spike and it’s gone. Stop loss has been moved up to break even. If 105 doesn’t hold, watch the 100 big level; if 100 breaks, there’s more downside; if it rebounds and holds 106.7, this trade structure breaks and I’ll exit directly. $BTC $DOOD #MetaQ3营收超预期，法律费用与AI支出承压 Sector rotation market, focus on whether funds will overflow.
$BTC holds the bottom, $ATOM looks at cross-chain capital flow, OSMO looks at real transactions in the cross-chain ecosystem.
Only ATOM rising alone is just a short-term news stimulus, not considered a main cross-chain trend.US Stocks｜Opening: Nasdaq dips first, Tesla rallies against the trend
At 9:30 PM, US stocks opened with Nasdaq dropping 1.4%; however, despite Tesla's 3% post-market earnings drop last night, it was bought back today, rallying 4% against the trend.
$Nasdaq (IXIC) around 26,328, -1.44%: Tech stocks dipped at open, risk appetite didn't hold.
$Tesla (TSLA) around 377, +4.08%: Negative earnings with a 43% net profit drop fully priced in, funds took the opportunity to buy. Nvidia around 218, flat.
$S&P 500 (SPY) around 7,695, -0.64%: The broader market followed the decline, neither crashing nor holding up.
Impact on BTC: 10Y yield dropped to 5.03% (easing rates, providing support), Nasdaq opened weak (pressure). BTC currently at 81,786, still below the recovery line at 82,773, holding support at 81,476—didn't fall with US stocks nor pull back, stuck in the middle waiting for direction.
Nasdaq needs to turn green for BTC to have a reason to rally; let's see the quality today.
Do you think Nasdaq's 1.4% drop is just inertia or genuine weakness? Will BTC close above 82,773 tonight or hold 81,476?
#BTC price rose but money hasn't flowed in #USStocks
(Market analysis, not investment advice)#Middle East energy risks heat up, international oil prices remain high
The leader has something to say
Middle East energy risks are still heating up. No breakthrough in US-Iran talks, and the US and Israel are still discussing follow-up military actions. The US blockade has basically depleted Iran's offshore oil reserves, Saudi energy facilities face attack risks, and the shipping risks in the Strait of Hormuz have not disappeared.
Today oil prices continue to rise, CL up 1.51%, BZ up 1.94%, USO up 1.07%. Brent closed at 108.82, WTI closed at 97.15. US crude oil inventories fell by 3.06 million barrels, supply and demand pressure remains.
I believe high oil prices are a hard stone pressing down on risk assets. If oil prices don't come down, inflation expectations remain stubborn, US Treasury yields won't fall, and the Federal Reserve can't ease. The market is cautious before the FOMC, and BTC is unlikely to have an independent rally.
A comment in the discussion section is worth pondering: Middle East crude oil exports are close to pre-war levels, refined oil recovery is limited, supply resilience weakens risk premiums. This indicates crude supply is recovering, but refined oil supply hasn't caught up yet; oil prices have support at high levels, but the momentum for further sharp rises is weakening.
Yesterday, 83,000 was shorted all the way down, added positions on the rebound, and today took down the waterfall. Now watching if the 80,000 support level can hold; if not, expect a deeper correction. Resistance above is between 84,000 and 85,000. Do not chase the rise or kill the fall, set stop losses properly. $BTC $ETH $ZEC
The above analysis is time-sensitive; positions must have stop losses set. Good luck.$INJ
Burned 7.2 million tokens, yet the price still dropped 6.6%—Injective's buyback and burn gave the market another lesson tonight.
Official statement: Monthly community buybacks plus early burn auctions have cumulatively destroyed over 7.2 million INJ; the first four rounds of buybacks burned 178,000 tokens and distributed nearly $780,000 to participants, with each round yielding 20% to 25% returns.
According to the latest market data I pulled, INJ dropped 6.6% in 24 hours, now at $8.1, with a low of $8.03. The fee rate is slightly positive at 0.007%, with open interest only $5.4 million, indicating a very thin pool.
Burning tokens and distributing money on one side, while the price keeps falling on the other. Is this 20% round yield truly supporting the price, or just enough for early birds to profit? For those holding INJ or opening contracts around the $8 mark, what’s your take on this deflation narrative?
#10月FOMC临近，美联储暂停加息还有哪些变数？ $STRK
93.52% of voting rights approved, the coin price immediately plunged — Starknet's governance vote tonight clearly demonstrated the 'good news turning into sell-off'.
The vote was on researching a 'post-quantum independent L1', with about 3,200 votes participating, setting a governance record high. But the wording left room: to truly separate from Ethereum, another vote is needed; the cross-chain bridge remains open; STRK is still the native token.
On the market side, it surged to 0.0659 within 24 hours, now pulled back to 0.0559, down nearly 15% from the high. Fee rate -0.019%, shorts paying fees to hold positions, total network positions only $10.3 million.
Governance enthusiasm is at its peak, but the contract market is cold. With such a 'community consensus bullish' high vote, which side are you on — trust the narrative or trust this surge-and-fall line?
#10月FOMC临近，美联储暂停加息还有哪些变数？ $ADA
Cardano had a rather awkward incident tonight. A well-known DRep publicly resigned and even called on delegators to transfer their voting power away, citing that Sui's technology and adoption have already surpassed Cardano — the second heavyweight figure to make such a statement this year.
His voting power is not counted in proposals before reassignment, effectively leaving a governance seat vacant.
What’s unusual is the market reaction. Despite this news, ADA dropped only 3.8% in 24 hours, currently around 0.217. The contract fee rate is -0.013%, meaning shorts are still paying to hold their positions.
With a core governance member leading the way to support the competitor, the coin price only dipped slightly, and shorts still have to pay. Do you think this is bad news that no one cares about, or that shorts are already so crowded they can’t exit? BTC rebound stuck at macro threshold
This round of BTC rebound is likely to be far from smooth. The latest initial jobless claims are only 194,000, below expectations and previous values, once again validating the resilience of the job market. For the Federal Reserve, this constitutes a reason to continue maintaining high interest rates, and short-term rate cut expectations have cooled accordingly.
With interest rates remaining high, liquidity is unlikely to flow back significantly. In a high-cost environment, capital tends to avoid high-volatility assets like crypto. Macro pressure looms overhead, so the bearish logic naturally dominates, making the trend clearer.
The most uncomfortable now are investors holding long positions: unwilling to stop loss, afraid to add positions against the trend, they can only endure pressure while waiting for a V-shaped reversal. But based on current macro signals, a reversal requires stronger catalysts, not just emotional recovery.
Before the liquidity inflection point becomes clear, the BTC rebound looks more like a correction rather than a reversal. If longs continue to wait passively, they need to face the risks of trend and position.
The above is market observation and does not constitute investment advice.
$BTC $ETH
#10月FOMC临近，美联储暂停加息还有哪些变数？ $BTC attracted nearly 600 million USD, so why can't $ETH keep rising?
Both are mainstream assets that institutions can allocate through ETFs, but recently the capital flow difference between BTC and ETH has been huge.
On October 19, the Bitcoin spot ETF had a net inflow of 526.7 million USD in one day, while the Ethereum ETF saw a net outflow of 103.3 million USD.
On the 20th, although the Ethereum ETF had a return inflow of 6.9 million USD, it was just a drop in the bucket compared to the outflow the day before.
This explains why every time BTC rebounds, ETH always lags behind. Institutional preference is clear now—they would rather allocate to BTC than increase exposure to ETH.
$MSTRBitcoin is not "unable to rise." Every rise is like handing a knife to the market makers.
$1.075 billion ETF inflows collided with $1.3 billion dark pool sell-offs.
Looking at the capital flow, this is the most divided part.
On one side, ETFs are buying frantically. On October 19, BlackRock IBIT had a single-day net inflow of $665 million, setting the largest single-day record in October. On October 21, U.S. spot Bitcoin ETFs collectively saw another inflow of $524.8 million. From October 19 to 21, there were three consecutive trading days of net inflows, totaling about $1.075 billion.
On the other side, whales are selling in dark pools. A single trader sold approximately $1.3 billion worth of BlackRock IBIT shares in the dark pool market at a transaction price of $43.16. This is one of the largest recorded dark pool transactions of its kind. During the same period, U.S. spot Bitcoin ETFs had an overall outflow of about $2.26 billion in the past two weeks, with a single-day outflow of $333 million on Tuesday.
Do you see the contradiction?
The ETF "net inflow" data and the whales' "dark pool sell-offs" happened simultaneously within the same time window. The ETF inflows were partially offset by the whales' redemptions. Those who saw "ETF inflows of $1.075 billion over three consecutive days" in the public market and chased the rally did not know there was a $1.3 billion sell order being executed in the dark pool. $BTC $ETH $ZEC #10月FOMC临近，美联储暂停加息还有哪些变数？ #特斯拉Q3汽车毛利率回升