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Meta launches approximately $35 billion financing; at first glance, it seems AI infrastructure has more funds, but looking further, shareholders have more to consider.
This arrangement includes the issuance of common stock and mandatory convertible preferred stock. The company also proposed a subsequent ATM issuance plan of about $60 billion, but the specific implementation terms have not yet been determined, so both parts cannot be counted as already received.
What I care about more is the return per share.
The company obtaining new funds can build more infrastructure and potentially create larger business. But if the number of shares increases with financing, how much the old shareholders ultimately get depends on whether the returns from the new investment can cover the corresponding dilution effect.
Therefore, "the company earning more in the future" is not enough to solve this problem. Shareholders want to see improvements in the earnings and cash generation ability per share.
I support investments that yield returns. Meta already has mature business and conditions to do long-term construction, which is commendable. But as the financing amount grows larger, it is also very normal for the market to question investment efficiency.
Getting the money is progress; spending it for returns is the achievement. Facing a figure like $35 billion, I would be excited, but after the excitement, I still want to know: after this round of expansion, how much more valuable will each share held by old shareholders become?
#Meta启动350亿美元融资，支持AI基建 “After the hard fork, does CORE's 'immutability' belief still hold? The data tells you the real answer”
Many holders' biggest question after the vulnerability incident: Will the emergency hard fork break the underlying belief in the blockchain's immutability? From a technical perspective, this CORE emergency hard fork is officially defined as a forward upgrade. Unlike the Ethereum DAO incident, it did not roll back historical transactions and did not revoke users' already confirmed transfer records. The excess tokens left in the addresses related to the vulnerability were directly destroyed under the protocol upgrade rules; however, the 69 million ghost tokens already transferred out to external wallets before the fork were recognized as valid on-chain transactions and were not forcibly reclaimed.
✅ From the ledger perspective: historical transaction records were not rewritten, technically preserving the immutability baseline, which is the most critical trust foundation for the CORE BTCFi narrative. If the project team arbitrarily rolled back the ledger, no one would dare to stake BTC on this chain. But the belief has already shown cracks: 1. The emergency vulnerability itself proves that the protocol's economic model has flaws, exposing risks in the underlying code; 2. Although historical transactions were not rolled back, this crisis made the market realize that when a major vulnerability occurs, the project team has strong influence to push for emergency hard forks to modify protocol rules; 3. Coupled with the continuous withdrawal of official validation nodes afterward, the network's decentralization degree continues to decline. In summary: the ledger history was not tampered with, the technical baseline of immutability was preserved; but the market's faith in the long-term stability of this chain has been severely damaged by the vulnerability incident.$AVGO's demand for custom AI chips is growing, but is the customer concentration underestimated? Data center expansions support network and accelerator orders, yet the spending pace of a few major customers will amplify revenue volatility. Rising financing costs for AI infrastructure are also a downside factor. If order visibility expands and software cash flow stabilizes, growth will be more resilient; if customers cut investments or deliveries are concentrated, valuation will need to be discounted. The "Data Divide" of Oracles: Who's Getting Subsidies, Who's Earning Real Money?
Oracles are the communication hubs of the on-chain world. But the way different projects capture value determines whether they are "greenhouse flowers" confined to specific tracks or "independent rent collectors" spanning cycles.
Comparing these three targets:
$PYTH: Dominates in RWA perpetuals and prediction market data, with an ARR of $11.5 million. However, its revenue structure leans toward specific financial scenarios; once derivatives trading cools down and data calls decrease, revenue also faces downward pressure.
$API3: Primarily promotes OEV returns, and the DAO has passed proposals to use part of the income for secondary market buybacks. The pain point is that the current absolute scale of OEV is small and highly dependent on a few lending protocols. Without new DApp adoption, revenue is vulnerable to fluctuations in a single ecosystem.
$LINK: An all-around foundation. From cross-chain RWA assets to integrations with traditional giants like Swift, it covers underlying needs across the entire industry. Thanks to its broad integration, it can withstand shocks from the shrinkage of any single track. But it is important to objectively recognize that its token capture scale, relative to the massive transaction volume, is still awaiting full expansion.
Thoughts 🤔:
Projects tied to a single ecosystem are easily drained of liquidity in a bear market; while all-around foundational demand is broad, attention must also be paid to the depth of token value transmission. A truly solid moat comes from industry-wide essential demand and must have a rigid mechanism to convert business volume into real buying pressure. $ETH ETF outflow of $88.58 million, but Fidelity is buying, BlackRock is selling, this is called turnover, not retreat
On October 27, the ETH spot ETF had a net outflow of $88.58 million. BlackRock's ETHA had a single-day outflow of $104.7 million, setting the largest single-day outflow record for the fund; but Fidelity's FETH had a net inflow of $16.13 million on the same day, being the only product with positive inflow that day.
Most people see the words "net outflow" and conclude "institutions are running away." But BlackRock's clients and Fidelity's clients are never the same pool of money. ETHA is large in scale and moves quickly, closer to a macro allocation portfolio's rebalancing window; FETH is smaller in scale and stickier, closer to long-term holding funds. One big player leaves, another medium player enters, the net amount is negative, but the structure is not one-sided.
What really matters is not "how much outflow," but who takes over after the outflow and at what price. If Fidelity's inflow continues and ETHA's outflow narrows, ETH will form a turnover bottom near $2,300, not a collapse bottom. Conversely, if FETH also turns to outflow, then it is a full-scale retreat.Hynix earnings report comes out tomorrow morning, a quick look at three storage tokens in advance
$SNDK 1240, SanDisk makes NAND, not HBM 💾
AI servers require large flash storage, driving demand for NAND and enterprise SSDs. But note, SanDisk makes NAND, which is a different segment from Hynix's HBM. If Hynix's HBM4 data exceeds expectations tomorrow, the entire storage sector sentiment will be lifted; SanDisk will rise but with less volatility; if below expectations, it will also fall.
$xMU 896, Micron is waiting for Hynix's order data 🧠
Micron makes DRAM, and HBM is its incremental business; 896 is directly tied to the spot cycle. Tomorrow, Hynix will release Q3 HBM4 shipment volume and customer orders. As a competitor, Micron's position should be compared with Hynix. If Hynix exceeds expectations, it indicates strong HBM demand, benefiting Micron as well; if below expectations, the entire HBM sector will cool down.
$SLX 0.0524, rental assets are largely unrelated to earnings 🏭
Solstice splits wafer fab long-term usage rights into on-chain shares and collects rent quarterly; rental contracts are fixed and do not fluctuate with spot prices. Regardless of Hynix's earnings report tomorrow, SLX's cash flow logic is not directly affected. It belongs to the RWA track, aiming for stable income, not HBM4 orders.
This article is for market analysis only and does not constitute investment advice.
#SK海力士Q3财报在即，HBM4能否提振盈利？ SHAZ has had two consecutive bullish days — OKX xSHAZ token at 25.02, +7.52%, rising from 21.87 to 26.06 within 24h, all moving averages are above, with a turnover rate of 2.44%, which is active for a token; the underlying stock is trading in the US market, closed at 23.5 yesterday and surged +5.9% to 24.92 this morning, two days of consecutive gains.
What’s driving this? The AI sector is really hot right now — Anthropic’s IPO filing has ignited the entire sector, Nvidia followed with +2.39%, and capital is picking up AI stocks that haven’t fully risen yet; SharonAI is an AI infrastructure holding company with a market cap of only 800-900 million, showing more volatility than the giants, and with the Q2 earnings window approaching, the market is preemptively positioning for expectations.
My judgment: This is a typical small-cap volatility in a sector rally — a +5.9% gain on the underlying stock is mild for AI giants, but for a shell with an 800 million market cap, it means double-digit upside; OKX price at 25.02 is slightly higher than the underlying stock at 24.89, with little price difference and consistent direction.
Watch the signals: whether 26.06 (24h high) can break out with volume; if the underlying stock holds the intraday high of 24.92, the probability of continued rise is high; the most critical is the Q2 earnings day — that will be the watershed between catalyst realization or profit-taking.
#SHAZ #SharonAI #USStockToken
Not investment advice, DYOR #US-Iran discuss Hormuz reopening plan, oil prices fall
#Is the Hormuz “reconciliation” a smokescreen?
Qatar proposed a “five-day mutual concession plan,” and the market immediately traded on expectations of navigation resumption. Brent crude fell from a recent high to around $110, and WTI dropped below $101.
But this is just a "headline pricing" market: Iran officially denied the existence of the plan immediately, with seven core conditions remaining uncompromised — the US must first lift the blockade, unfreeze assets, and cancel all sanctions before navigation can be discussed. There has been no substantive progress on the core disagreement over the execution sequence.
More worrisome is that alongside diplomatic signals, the US military is ready to strike Iran within 96 hours, with the likely window for action after the mid-November elections; the Houthi forces attacked Saudi Arabia’s east-west oil pipeline again — the only backup oil export route outside Hormuz. If the pumping station stops, the global crude supply buffer will be completely wiped out.
Currently, war risk insurance premiums have soared to 10% of vessel value, transportation costs remain high, and actual supply risks have not eased at all. The oil price decline is only a temporary relaxation at the expectation level.
The macro transmission chain is already locked in: high oil prices push inflation → Fed rate cut expectations continue to cool → risk asset incremental funds are absent. BTC is repeatedly tugging at the 80,000 level, not due to geopolitical sentiment disturbances, but firmly suppressed by the hard logic of "oil price-inflation-interest rates."
If this week’s FOMC again mentions energy inflation risks, pressure on risk assets will only intensify. Don’t mistake negotiation news for a reconciliation signal; the trump cards in geopolitical games have never been on the negotiation table. $BTC $BZ Why has the focus after the $TSLA earnings report shifted from deliveries to cash flow and autonomous driving realization? Beyond the automotive business, the Robotaxi and AI narratives raise long-term valuations, but R&D, price cuts, and capacity expansion will impact profit margins. Interest rate changes before the FOMC also affect growth stock valuations. If software revenue, delivery profits, and free cash flow improve simultaneously, the optimistic case is more solid; if vision progress is slow and automotive gross margins are under pressure, I would turn cautious.BTC is currently trading around $79,600 to $80,000, repeatedly tugging at the $80,000 mark. The price is below the 50-day SMA at approximately $81,866 and also below the 23.6% Fibonacci retracement level at $80,370. FxPro points out that breaking below the 50-day moving average and the failure of the May and September resistance zones to turn into support suggest the downtrend may continue. On the downside, every touch between $79,400 and $79,600 has seen buying support, while the main resistance lies between $80,500 and $80,800. The news is pulling in three directions. From October 22 to 23, the US spot Bitcoin ETF saw net outflows exceeding $770 million, with $636 million on Thursday alone—the largest single-day outflow since June; Strategy has paused buying for five consecutive weeks, with $204.9 million used last week to repurchase preferred shares rather than buying up assets. However, Wintermute clearly states it is not bearish, only cautious ahead of the FOMC and PCE releases and before BTC recovers $82,500. On Wednesday, the probability of the Federal Reserve holding rates steady is about 90%, but the chance of a rate hike in December has risen to 68%, with a hawkish pause being the real risk. $76,000 is recognized by institutions as the next substantial support level, more worth watching than the psychological $80,000 mark. $BTC $ETH $SOL After looking at this set of long-short ratios, I have only one feeling: BTC's long-short ratio is suppressed to 0.77, while retail investors rush past 2.3; ETH is even more extreme, with a long-short ratio of 0.67 and retail investors rushing to 3.4. One side is desperately buying, the other slowly withdrawing, both opposing each other—this is not a trend, it's a gamble. Not to mention the short-term active trades, where several coins are dominated by sell orders, and every buy from retail investors exactly matches the sell orders handed over by big players.
ZEC is the exact opposite, with a long-short ratio of 0.85, big money leaning long and retail investors leaning short. Coupled with its most aggressive position increases and strongest price support, its strength is no facade. But given its scale, the more independent the coin, the fewer buyers there are during a catch-down; appreciation is one thing, chasing is another.
SOL is the most passive one; positions are increasing, but short-term hands have already loosened. People are still hovering near the key level. Without a direction, don't force one. Before the key level decides the outcome, I won't touch it.
Looking ahead, there are two things to watch: tonight's consumer confidence and Thursday early morning's interest rate decision. Positions are still stacked, leverage hasn't decreased. If the data hits in the same direction, the first to be crushed will definitely be ETH, where retail investors are most crowded. A retail ratio rushing to 3.4 is extreme; either retail investors are really right this time, or the fuel has been sufficiently accumulated. I bet on the latter. There's another layer: this set of data is short-term; reversals happen faster than flipping a page. I only use it to set tonight's tactics, not the direction. The direction still needs to wait for positions and data to speak together.
My tactic: don't take sides before the data lands, treat rebounds without volume as fake rallies, wait for big players to loosen first, then I'll follow 👀.IBM, Oracle, and Intel jointly oppose OKX/ICE's stock tokenization, with the number of opposing issuers piling up to 26. I actually think this will succeed—no one would bother blocking something that poses no threat.
SNDK perpetual is now at 1258.7, up 1.7% in 24 hours; US stocks closed at 1255.58 last night, up 1.42%, both sides are very close, with a price difference of less than 0.3%. The chip sector's momentum is still there, SK Hynix rose 5%, and Morgan Stanley said the chip stock correction is nearing its end.
This business moves the cheese for issuers and brokers, so a joint letter of opposition is quite normal. I use these kinds of tokens as night trading tools, so I can still watch the market after US stock markets close. It's a bit unnecessary for a retail investor to worry about big banks' matters, but I am really keeping an eye on this price difference.
#本周将公布10月FOMC利率决议 I've been burned by integer levels like 100 before: last time it broke through, I chased in, but it turned out to be a fakeout, sweeping back and forth twice before I got out. So if SOL tests 100 again today, my first reaction won't be to bottom-fish, but to wait for it to close.
The intraday low was 99.11, OKX's figure is 99.17, and now it's climbed back to around 100.7, consolidating. Funding rate is 0.0066% at the first tier, neutral; contract open interest is $324 million, leverage hasn't run away or increased. BTC is the same story, lowest at 79,455, now 80,259, hovering around the 80,000 line.
The Fed is meeting these days, and before the decision is out, I don't want to bet on direction at integer levels. Whether 100 breaks or not, I'll wait for the close to see which side it stands on before changing my stance.
#本周将公布10月FOMC利率决议 The market's expectations for SK Hynix's Q3 are actually already extremely aggressive:
Revenue around 98.2 trillion KRW
Operating profit around 77 trillion KRW
Operating margin even close to 78%
In other words, everyone is basically waiting for a historic-level earnings report.
Why do I still lean towards an upside surprise?
The first and most direct reason:
Memory price increases.
The market estimates Q3 DRAM ASP rose about 21%–22% quarter-over-quarter.
SK Hynix is among the biggest beneficiaries of HBM + high-end DRAM, so such a price increase has huge profit leverage.
The second reason is that several peers have already reported ahead of schedule.
Micron's late September earnings continued to impress, with strong demand for AI, HBM, and server memory.
Samsung's preliminary Q3 profit also slightly exceeded market expectations, and the core logic remains:
AI buys computing power → buys GPUs → GPUs need HBM → ordinary DRAM supply gets squeezed → memory prices keep rising.
SK Hynix happens to be in the fattest spot on this chain.
But why don't I dare bet on a "big beat"?
Because there is a hidden risk:
HBM4.
The market originally had high expectations for HBM4 volume growth, but now there are reports that NVIDIA Rubin's schedule and mass production tuning might cause SK Hynix's HBM4 shipments in Q3 to be slower than previously thought.
Plus, the market has already priced in very high expectations. #SK海力士Q3财报在即，HBM4能否提振盈利？
SK Hynix: $6.25 is exactly a "must beat consensus" target
Based on 1 ADS = 0.1 shares, 1,330 KRW/USD, and a 24% tax rate: $6.25/ADS corresponds to an operating profit of about 78.7 trillion KRW, which is 1.7 trillion KRW (+2.3%) higher than the FnGuide consensus of 76.96 trillion; every 10 trillion KRW in operating profit ≈ $0.078 per share.
Sellers are split right at this price level: Citi 81.3, Meritz 80.1, SK Securities 79.0, JPMorgan 78.0 are all above the threshold, while DS Investment & Securities 70.1 is below. Besides the numbers tomorrow morning, an additional shareholder return plan of 50–60 trillion KRW (including the first-ever special dividend of about 16 trillion) may impact the stock price more than EPS; after setting a record in Q2, the stock price actually fell 9%, retreating 54% from the June high.
Also note: SKHY ADR currently trades at about a 41% premium to the Korean stock (142.62 USD vs. 134,100 KRW ≈ 101 USD). $6.25 is the fundamental valuation, unrelated to the premium, but holding ADS carries an additional risk of premium contraction.Calculating, the nominal position of $1,830,100 divided by 3 corresponds to a margin scale of about $610,000. Core Trader 67 just opened a short BTC position with 3x leverage, holding 22.79055 BTC. I'll first look at the risk exposure and won't rush to agree on the direction.
① The nominal value is about $1,830,100. This is the scale of price fluctuation impact and should not be considered the actual invested principal.
② The rough liquidation distance for 3x leverage is about 33%. This is just estimated as 1 ÷ leverage, without accounting for maintenance margin and other factors, so it is not the actual liquidation line.
③ The reference price is $80,300. It is not equal to the confirmed average position price and cannot be used to precisely calculate the safety buffer of this short position.
My judgment is that the leverage of this position is not aggressive, but a large amount does not mean the bearish view is more accurate. Next, I want to see if it continues to add to the position and how the average price changes; a single short position is not enough for me to conclude the direction.$UNITREE After the hype subsides, what supports UNITREE's valuation?
The physical conference concluded successfully, unveiling the anticipated technical directions and product plans. However, after the excitement, investor sentiment has turned cautious. This "bearish" stance does not deny the long-term value but recognizes the clear gap between expectations, reality, and valuation.
First, expectations were overdrawn prematurely, and the implementation timeline has extended. Before the conference, investors had already priced in optimistic scenarios such as major new products, large orders, and commercial breakthroughs. What was actually disclosed mostly involves long-term plans for the next 1-3 years, with no substantial large orders finalized on the spot, nor mature products that can immediately contribute profits.
The founder also admitted that core technologies are fully mature and large-scale commercial deployment is truly operational, but this still requires a considerable amount of time. The phase of "speculating on expectations" has officially ended, and now the company faces a long fulfillment period, naturally cooling short-term sentiment.
Second, valuation has outpaced performance, lacking sufficient support. Whether related assets or market valuation, future growth over several years has already been priced in. However, operationally there are still shortcomings: most existing orders come from universities and research institutions, while large-scale procurement from industrial and consumer sectors has yet to form; revenue growth is slowing, and profitability efficiency falls short of expectations; especially the related tokens rely solely on ecosystem hype, with no official linkage to company operations, no dividends, and no equity value—essentially driven by sentiment, lacking intrinsic support once the hype fades.$110 million all went into BlackRock alone, yet Bitcoin still hasn't reached $80,000
On Monday, the US spot Bitcoin ETF saw a net inflow of $110.3 million, ending a two-day decline.
But among the 12 products, only BlackRock's IBIT showed activity; the other 11 had zero.
On the same day, the Ethereum ETF had an outflow of $88.58 million, while SOL and XRP also saw outflows of $8.23 million and $3.61 million respectively.
The money hasn't come back; only one buyer remains.
Bitcoin's current price is about $79,700, with a 24-hour high of $80,700.
My view: the more concentrated the institutional money, the harder it is for the price to rise. One player alone can't hold $80,000; I'll watch but not chase.
Invalidation point: net inflows for three consecutive trading days and a single-day rebound above $200 million, or Bitcoin closing with volume above $83,300.
The Fed meets tonight, and $11 billion in options expire on Friday; volatility will only increase. Which side are you betting on?
A: $80,000 holds B: Watch $77,600 first
$IBIT $BTC $ETH
#Bitcoin #ETFBesides the Federal Reserve this week, there is another easily overlooked risk!
On Friday, the BOJ (Bank of Japan) monetary policy meeting will take place. The market generally expects no rate hike in October, but there are two types of pauses: a hawkish pause and a dovish pause. If they hold steady this time but clearly lay the groundwork for a rate hike in December, risk assets and the USD/JPY carry trade will both come under pressure.
Previously, the BOJ aimed to push inflation to 2%, but now officials have changed their tune, worrying that inflation might overshoot 2% and become uncontrollable. If inflation rises, this will be a hawkish pause, pushing up Japanese bond yields and strengthening the yen.
The Fed will announce its decision first; looking at both together, if the Fed leans dovish while the BOJ turns hawkish, the USD/JPY interest rate differential will narrow, tightening liquidity directly. Moreover, the news will come out at the end of Friday’s session when liquidity is thin, making volatility easy to amplify. This is a hidden tail risk this week, so don’t just focus on the FOMC.
#本周将公布10月FOMC利率决议 $ETH monthly decline nearly 15%, significantly underperforming BTC. Negative news: spot ETH ETFs have seen net outflows for 4 consecutive weeks, with a single-week outflow of $225 million and a total monthly net outflow of about $1.225 billion, reversing the growth trend from August to September.
Regulatory classification remains uncertain, institutional allocation priority downgraded; Cancun upgrade benefits have been mostly priced in, and a new consensus narrative has yet to form. On the ecosystem side, L2 progress has slowed, token unlock sell pressure has accumulated, DeFi locked value has declined, and users and funds have been diverted to SOL and others, with high Gas fees and experience shortcomings continuously compared.
Capital pressure is prominent: on October 26 alone, net outflow was $88.58 million, sharply contrasting with BTC's net inflow; ETF share has fallen from around 30% to about 20%.
On-chain data shows exchange balances rising, locked value down about 8% month-over-month, cross-chain funds continuing net outflows, and clear "voting with feet" within the ecosystem.$CORE official website shows 13 verified nodes, but in reality, there are still 16. Not sure if three are exiting. The staked Bitcoin is over three hundred less than yesterday. Is this going downhill?The surge happened before the market opened, so tonight's risk assessment needs to be revised halfway.
At 7 PM, we were still defending against BTC and ETH probing lower, but between 8 PM and 9 PM, there was a clear bullish candle. It occurred before the regular US stock market opening, so the price increase can't simply be attributed to the market open. Both coins closed above the first strengthening condition I previously set on the hourly chart, which must be acknowledged; continuing to focus only on declines is incorrect.
At 21:36 Beijing time, spot snapshot: BTC around 80224, ETH around 2330. BTC just touched 80500 then pulled back, ETH pushed near 2342 then retreated; volume expanded on the hourly chart during the surge for both coins, but the current pullback is not yet complete. I now want to see if this upward push can leave support rather than hastily calling a single bullish candle a reversal.
Observing the next one to two hours, BTC's 80120–80175 range is near the recent 15-minute pullback low and the hourly moving average, while 80385–80500 is pressing against the previous high and tonight's peak; for ETH, watch if 2324–2326 can hold and if 2336–2342 can be retaken. If both coins hold the pullback and reclaim the upper range, the bearish bias should be downgraded; if they fall back below the lower range, this recent surge must be discounted.
The interest rate decision on the 29th hasn't been announced yet, so tonight we adjust based on the K-lines that have already formed, without guessing direction based on news. $BTC $ETH are only conditionally observed; be mindful of volatility risks.$META has announced a 26% year-over-year increase in quarterly revenue. Why does the market still need to keep a close eye on costs? Strong advertising revenue indicates that AI recommendations and commercial conversion can enter the profit statement, but disclosed legal fees and high computing power investments will also affect profit quality. If advertising efficiency improves faster than capital expenditures, the growth loop is established; if expense ratios continue to rise and cash flow weakens, I will lower my tolerance for high valuations. Absurd situation! The project teams are frantically buying back, yet the coin prices are collectively slipping down 😲😲😲
This year's most surreal market: project teams are more anxious than retail investors, desperately buying back and burning tokens, but the coin prices refuse to respond! 🤑🤑🤑
The three major popular coins keep buying back to support the price, but the market gets weaker and weaker, showing a typical mismatch where good news doesn't lead to price increases.
$UNI had a slight intraday rebound of 3.32%, but has plunged 28% over 30 days. Previously, Arthur Hayes publicly bullish, but his own fund sold off 323,000 tokens, a classic case of calling the top and fleeing fastest. Even with V4 fees implemented and continuous buybacks, the price refuses to cooperate, RSI dropping to 40.8, showing clear weakness.
$SUI is the worst performer, having fallen below $1, down 8.7% in seven days. November unlock volume is minimal, so selling pressure is limited. The core problem is the ecosystem keeps burning money with consumption but no support, causing severe lack of capital confidence.
$PUMP insists on daily buybacks and burns, but the price has been cut in half from its historical high. The team faces huge pressure from large upcoming unlocks, but funding rates remain positive, and bulls are still holding on desperately.
Currently, all three projects are doing the fundamentally correct things, but the market only prices in long-term expectations and does not recognize present value.
This serious divergence is either a bottom opportunity or a bull trap. Long term: UNI can survive cycles relying on real revenue, SUI depends on ecosystem recovery, and PUP is completely reliant on MEME hype returning!
#本周将公布10月FOMC利率决议 FOMC is about to announce, don't treat the pause in rate hikes as a lifesaver. The market has already priced it in fully; this time without the dot plot, it all depends on Powell's rhetoric. As long as he firmly sticks to inflation control tomorrow night or hints at the possibility of keeping rate hikes in December, the current risk appetite will be smashed to pieces.
Look at $BTC, it’s now purely propped up by expectations, with heavy overhead resistance on the charts. ETFs are just pulse funds flowing in and out, with no long-term capital willing to step in and support the bottom. Once macro turns hawkish, BTC will definitely test lower support levels accordingly. Holding long-term spot is fine, but short-term must guard against pullbacks. If you short-term short, you must strictly set stop-losses; never stubbornly hold on without stop-loss, as that’s just handing money to the market makers.
Look at $ETH, still the worst follower. The ecosystem has no new breakout points, and funds are all on the sidelines. When the market softens even slightly, it falls the hardest. Don’t mistake the current sideways movement for stabilization; once BTC tests the bottom, ETH’s decline will definitely be amplified. Don’t recklessly try to catch the falling knife. Without an independent narrative, it’s just a shadow of BTC.
Looking at macro, the decision comes early Thursday morning, followed by a barrage of GDP and PCE data on Friday night. Inflation data is very likely to be disappointing; in a high-rate environment, this blunt knife is the deadliest. The fuller the market’s expectation of a pause, the greater the risk of a sharp drop after the announcement.
Don’t blindly guess the direction; such major macro events are a meat grinder that kills both bulls and bears. The market is full of existing funds taking from each other’s pockets. Control your hands and wait for the data to fully land; only after certainty emerges should you pick up the bloodied chips. #本周将公布10月FOMC利率决议 Having followed OKX for so long, I increasingly recognize its development. But if I were to choose what to buy now, I wouldn't be in such a hurry to buy OKB. Early this year, when the market still couldn't clearly see OKX's layout, I analyzed the future of X Layer. At that time, my judgment was: it wouldn't simply replicate the development paths of BNB Chain and Solana. If it just followed their routes, it would easily become mediocre and struggle to form its own advantages. For X Layer to stand out, it can only develop towards financial infrastructure. So, I have always been paying attention to OKB. In May, when OKX announced Exchange OS, it further confirmed this idea. It was also from then that I started buying, holding, and trading OKB at positions I deemed appropriate. Regarding the business direction, I believe I was right. But I have already misjudged twice about the implementation of the staking rules around Exchange OS. The longer I follow, the more time and effort I invest, and the higher the sunk cost becomes. Looking back now, I may have prematurely factored my confidence in OKX's business into OKB's valuation. This reminds me of a very dangerous thing in trading: the project team only completes the first step, but investors imagine the second, third, and fourth steps themselves, then buy the first step at the valuation of the fourth step. I may have made this mistake too. Therefore, I am willing to wait. Even if I end up buying at a higher price later, I want to wait until it becomes clearer how much actual demand OKB can obtain before deciding how to participate. This is a different matter from being bearish on OKB.The Bitcoin long ratio has surged to the 98th percentile, yet whales hold $377 million in net short positions.
What happened? Retail long crowding has reached the 98th percentile, with LSR as high as 2.28, but whale tracking data shows that large accounts have nearly $380 million more in Bitcoin short positions than longs.
Why is this noteworthy? The more crowded the long positions, the more the closing pressure during price stagnation tends to self-reinforce. Whales holding net shorts at this level means the market's internal directional split has reached an extreme—one side betting on a continued surge, the other waiting on the opposite side.
Which observation is more supported? Currently, the data favors "crowded longs facing a stress test" rather than "trend continuation."
Next, watch two things: whether the funding rate starts turning negative from a neutral level, and whether whales reduce or increase their short positions as BTC repeatedly tests the 80,000 level. The suspense remains here: if the long ratio falls from the 98th percentile but Bitcoin does not break below 80,000, is this a shakeout or the last rotation before a reversal? Feel free to discuss in the comments. $BTC $ETH Tonight watching $GOOGL, the only one synchronized with the US stock market.
Eleven times leverage, margin of 1,099.01 supporting a position of 7,428.26. Opened at 660.45, marked at 660.29, profit -1.72, -0.25%. 640 is the stop-loss, 700 is half exit, neither of these lines was touched today. This 1,099 margin can withstand a 9% drop, but not 10%, I knew this before placing the order, so I can sleep well.
Eleven times leverage held all night with only a loss of 1.72: the direction was right, the market just didn’t cooperate. Leverage doesn’t bite, it just makes waiting more expensive.
$BTC is a different story. This morning it was 3,195.89 away from liquidation, now 2,950.35. Loss -80.36, -41.00%. It hasn’t crashed, it’s just moving closer to that line every day. The liquidation price moved from 77,024.06 to 77,032.07 today, that’s the funding fee grinding it down.
So tonight I won’t set a price for this line, but a distance: when the distance to liquidation shrinks to within 1,500, halve the position. There’s still 2,950.35 left, enough for it to grind for two days—the price line will be caught by the liquidation price, but the distance won’t.
$ETH is the quietest today. Marked at 2,324.99, 265.36 away from liquidation, unrealized loss -563.19, the largest single position in the account. It hasn’t moved because it hasn’t reached 2,250 yet.
#BTC现货ETF资金反复，市场买盘能否企稳？ Bitcoin ETFs withdrew $774 million in two days, then returned $110 million in one day, but the Coinbase premium index has been negative for 33 consecutive days. Money is flowing back, but US buying demand hasn't returned.
What happened? ETF funds are swinging violently, with monthly net outflows; meanwhile, exchange stablecoin reserves have dropped to a one-year low of $60.6 billion.
Why is this worth attention? If ETF inflows were driven by US spot buying, the premium should turn positive. But the premium remains negative, indicating the inflows are more like position adjustments before a macro event rather than a real return of spot demand.
Which observation is more supported? Currently, "event-driven position adjustments" are more supported than "bottom accumulation."
Next, focus on whether the Coinbase premium narrows and stablecoin reserves stop falling after the FOMC meeting—these two indicators explain the situation better than daily ETF flows. The suspense remains: if the premium turns positive but ETFs flow out again, who should be trusted? Feel free to discuss in the comments. $BTC $ETH ETH is currently trading at about $2,305, down approximately 1.3% in 24 hours, with an intraday low of $2,295.88. The price is almost touching the lower Bollinger Band at $2,300.15, with %B at only 0.0158, pushed to the statistical extreme edge. The 7-day, 20-day, and 50-day moving averages are all overhead, with the 200-day SMA at 2,159 being the only long-term anchor still below. RSI at 32.11 is close to the oversold line, Stochastic is deeply oversold but has not formed a golden cross, MACD fast and slow lines are converging, and the histogram is zeroing out. Unlike the narrative dominated by ETF outflows this round, the risk lies on the derivatives side. Binance accounts hold 78% long positions, with a long-short ratio of 3.54, but the funding rate has plummeted 56% in 24 hours, indicating leveraged longs are withdrawing though positions have not been fully cleared. A whale holds about $214 million in ETH leveraged long positions; after adding margin, the liquidation price has been pushed down to $2,178–$2,182, only about 6% away from the current price. Foundation-related wallets recently swapped 2,785 ETH for USDS; after a similar operation last time, ETH dropped 9%. Glamsterdam's Hoodi testnet activation was delayed due to EIP-8037 compatibility issues, so short-term catalysts are absent. The $2,180 liquidation concentration zone is more worth watching than any technical indicator.Before $AMZN's earnings report on Thursday, how will AWS growth and AI infrastructure spending be balanced? Cloud business expansion is expected to drive long-term revenue, but data center investments will initially pressure cash flow, and the market is questioning the return cycle. High interest rates make financing and depreciation costs more sensitive. If AWS growth accelerates and free cash flow improves, capital expenditures can be accepted; if spending rises and margins are pressured, I will downgrade my assessment of AI investment.#SK海力士Q3财报在即，HBM4能否提振盈利？
SK Hynix will announce its Q3 2026 earnings before 8 AM Beijing time on October 28, with the official conference call starting at 8 AM. The results are very close, and I am optimistic that SK Hynix ($SKHY) will exceed expectations this quarter!
My optimism is not just based on the AI hype, but because SK Hynix is in the most direct beneficiary position of this AI computing power expansion cycle. AI servers' demand for high-bandwidth memory HBM continues to grow, while prices for traditional DRAM and NAND are also rising. With both demand and prices pushing up, revenue growth is more easily converted into profit growth.
Looking at market expectations, analysts currently forecast SK Hynix's operating profit for Q3 to be around 77 trillion KRW, with revenue close to 99 trillion KRW. Compared to Q2's approximately 79.32 trillion KRW revenue and 60.54 trillion KRW operating profit, the market is already expecting a significantly accelerated quarter. As long as HBM shipments and storage prices perform better than expected, there is room for profits to continue climbing.
Another point worth noting is that the company will also announce shareholder return measures this time. The combination of fundamental growth and potential shareholder return benefits may further strengthen market confidence in the company's profitability and cash flow. Looking forward to SK Hynix delivering the results!
$SKHYNIX $xSKHY Brothers, the real thing to watch out for in this week's Federal Reserve meeting is not whether they raise rates, but whether there will be a sudden shift in December.
The market is now focused on the October rate decision, but I am more concerned about three things afterward:
1. No rate hike in October does not mean safety later.
Even if the Fed holds rates steady this time, it doesn't mean good news. Officials still disagree internally on inflation and rate paths. If the statement and press conference keep emphasizing inflation risks, the market will have to reassess the possibility of a rate hike in December.
2. GDP and PCE are the real tests.
If the US economy continues to grow strongly but inflation stubbornly remains high, the Fed has no reason to rush to cut rates and might even reconsider raising them. A strong economy combined with persistent inflation is the toughest scenario for the market.
3. December expectations are the key to the next market moves.
The market has already started pricing in the risk of a December rate hike. If expectations continue to rise, the dollar and US Treasury yields may get support, putting more pressure on risk assets like BTC and ETH, and gold may not easily rally either.
My view is simple: don’t rush to see the October no-hike as a positive.
The focus now is on what the Fed says and how economic and inflation data evolve. If December rate hike expectations keep rising, the crypto market’s current rebound should be approached with caution. What really determines the market direction may not be whether rates change this time, but whether the market suddenly realizes that high rates will be maintained longer.
#本周将公布10月FOMC利率决议 20261027
7. When you see institutions buying, don't rush to jump in; DWF Labs analyzed 694 days and concluded straightforwardly: these institutions are chasing highs and selling lows
1. In 8 major drops, they sold 7 times; in 9 major rises, they bought 9 times. They run fast when prices fall and chase even faster when prices rise
2. A very typical case: In April 2025, Bitcoin rebounded 9.7%. Institutions kept withdrawing money daily, $40 million; only after the price stabilized did they start rushing in with $436 million per day
3. Among the 8 major drops, 5 times they specifically cut losses in the last 5 days before the bottom, choosing the cheapest moments to exit
4. Can institutional buying be taken as a buy signal? The answer is no
5. In the 20 days after large purchases, Bitcoin's probability of rising is only 51%, even lower than the usual 57%
6. Remember: institutions buying is not a buy signal; rather, be a bit cautious
7. There's an even stranger phenomenon: institutions keep withdrawing money, but Bitcoin's rate of decline has slowed. The daily drop rate fell from 1.37% in 2021 to 0.69%. Major drops over 15% decreased from 8 times a year to 2.9 times
8. The more aggressively money is withdrawn, the lighter the coin's drop. This question currently has no solution
8. Has the program originally released by Satoshi Nakamoto been recreated by AI?
1. The thing Satoshi Nakamoto wrote and sent to the world to get Bitcoin running, for the following 17 years, everyone only had its snapshot; no one could recreate an identical one. The file is like printing money, the mold is slightly different#Strategy财报前瞻：BTC账面收益大幅反弹 最新消息，Strategy要在10月29号美股盘后公布Q3财报了。最炸裂的数据是，它这季度数字资产的公允价值收益，预计高达209亿美元！现在它手里死死捏着大概84.8万枚大饼。而且有意思的是，它最近没怎么大规模扫货了，反而掏出1.76亿美金去回购了自己的优先股。受这些消息影响，盘面上代币化的MSTR和xMSTR微跌了1.8%左右。 小马哥的个人看法： 这209亿美金的收益，看着爽，但兄弟们得明白，这叫“账面富贵”，是会计准则带来的浮盈，不是它真靠做生意赚了这么多现金。华尔街那帮人精能看不懂吗？所以股票微跌很正常。更关键的是，它近期放缓买币，转头去回购优先股，这说明它现在的战略重心变了。它得先稳住自己场外的融资盘，把杠杆成本降下来，不然借钱的利息都能把它压垮。这就好比一个赌徒在赌桌上赢了一大堆筹码，他现在的首要任务不是继续押注，而是先拿一小部分筹码去付清场子里的高利贷，保证自己能活着下桌。 有啥影响： 短期来看，Strategy的财报公布，就是一个巨大的情绪放大器。它的股价现在高度绑定比特币，连华尔街给的目标价都跟着大$ENA
Ethena highlights a different side of stablecoin growth: the design of the yield and collateral system behind the dollar peg. Growth in circulating supply can indicate demand, but it also raises questions about collateral quality, hedging execution, counterparty exposure, and redemption conditions. ENA analysis should distinguish ecosystem expansion from risk reduction, because a larger system is not automatically a more resilient one.$HYPE
For Hyperliquid, trading activity is only one part of the performance story. Market participants should also examine liquidity depth, execution quality during volatility, open interest, and how much activity persists beyond speculative bursts. HYPE’s connection to an active trading ecosystem gives it a distinct market narrative, but derivatives volume can fluctuate quickly. Durable usage matters more than a single record-breaking session.📋 Pricing the day before the decision:
Traders price about a 90.6% probability that the interest rate will remain unchanged on October 28 (CoinGecko, Analytics Insight cited)
Federal funds rate target: 3.75% to 4.00%, after the 25 basis point hike effective September 17 (altii)
About 9.4% left for other outcomes (my own calculation)
🔥 The hold is mostly priced in, so market reaction may depend on the wording rather than the decision itself
📅 October 28: Federal Reserve decision
Probabilities change hourly, different tools show different readings, so only rough comparisons can be made. I can't judge how the market will react and might be wrong.
📍 Reference levels: BTC $80,000 / ETH $2,300
If the hold is already priced in, what will drive the crypto market?
$BTC $XAUT $OKB $ETH $ZEC #CanBTCHold80K #OctFOMCDecisionThisWeek $ETH $ZEC $ZEC
Zcash raises an important question for crypto adoption: how much demand exists for financial privacy when transparency is the default? Its shielded transaction technology offers a distinct use case, but adoption depends on usability, wallet support, liquidity, and regulatory constraints. ZEC’s development is worth evaluating through actual privacy-feature usage rather than treating privacy narratives alone as proof of lasting demand.This week, the total Bitcoin transfer amount was $5.5 billion.
The fees miners received: 185,000.
It's not that they got ripped off.
Miners don't rely on fees to make a living; they rely on the new coins the system gives for free.
That means what they actually get are new Bitcoins.
The fees are less than 1% of their income.
The biggest problem is in 2028: the new coins given for free will be halved.
Fees won't make up the difference, so miners will have to shut down.
When miners shut down, all transfers get stuck, and Bitcoin essentially comes to a halt.
To put it simply:
What miners earn is the coin price minus electricity costs.
If the margin exists, they keep mining; if not, they shut down.
So the real bottom price of the coin isn't shouted out by anyone,
it's the miners' electricity bills.After stocks and crypto can be placed in the same account for perpetual contracts, my habit of watching the market has changed: I used to only watch crypto, now I have to first distinguish whether the position I hold follows stock logic or crypto logic. Let me give some background first. This month, perpetual contracts for stocks like Eli Lilly and Texas Instruments have been successively launched on OKX, and the number of stock underlyings is increasing. More underlyings don’t mean more opportunities, but more chances to miscalculate—because the volatility of stocks and crypto is fundamentally different. The first difference is the rhythm of news. Stocks have earnings seasons and pre-market/post-market news, with volatility often concentrated around earnings days; crypto trades 24/7 continuously with no close, and news can come at any time. Before trading stocks, I first check the earnings calendar; before trading crypto, I first check the news. Using crypto trading methods for stocks will miss earnings, the biggest source of volatility; using stock trading methods for crypto will underestimate the impact of a sudden news-driven K-line at midnight. The second difference is the illusion about leverage. Stock volatility is usually smaller than that of speculative crypto, which makes people think “stocks are stable, so I can use higher leverage.” But leverage depends not on the asset type but on the volatility itself. No matter how stable the asset, a sudden spike hurts just the same. Before increasing leverage, ask yourself: if there’s a sudden spike, how much will I lose? If you can’t answer, don’t increase leverage. The third difference is that positions must be calculated separately. Stock and crypto positions each have their own risk limits and cannot be mixed. If one side loses, don’t try to recover it from the other; if one side profits, don’t directly add that profit to the other side’s position. Two markets, two sets of books, mixing them together to calculate,When checking ETF fund flow numbers, I now always ask three questions first, without looking at the headline conclusion: Which trading day's numbers are these? Are they aggregated for the entire market, or just for one fund? After returning to the cumulative amount for the month, is it positive or negative? Comparing with today's data: on Monday, the total net inflow was $110 million, but it all came from IBIT; the cumulative net outflow for October is still about $202 million. Just reading the first sentence might make you think the funds have returned, but the third sentence reveals it's only a single-point inflow. Which step do you usually check first? $BTC does not constitute investment advice.Powell is very likely to perform the classic act again next week: on one hand, raising the bar for rate cuts extremely high, while privately watching the overnight reverse repurchase (RRP) exhaustion and the tightening liquidity of U.S. Treasuries with a gasp.
Currently, the market's expectation for a 25bp rate cut at the Fed's November FOMC meeting is basically locked in, but this 25bp is not the main point. The real hidden line lies in the turning point of the balance sheet (QT). If Powell slightly hints at slowing down the balance sheet reduction (QT Taper) during the press conference, or if there is an anomaly in the overnight rate indicator (SOFR), the liquidity premium of altcoins and the Crypto system will be instantly repriced.
For Crypto, everyone doesn't need to obsess over the obvious 25bp rate cut; the key is to watch two practical signals:
First, whether the reverse repo funding pool is completely depleted, forcing the Fed to start "implicit QE" to inject bank reserves; second, the speed of withdrawal of high-yield dollar carry trades after the rate cut. The liquidity released from this fund clearing is the real fuel to drive BTC surges and jumps in On-Chain capital scale.
Don't be fooled by the large funds playing dead on the surface every day; smart money is all waiting for the final liquidity inflection point of this rate hike cycle. Before the meeting, reduce leverage, focus on SOFR rates and the Fed's latest statements on reserve adequacy. Once the signal is confirmed, just watch which leading chain the funds flow into directly.
#本周将公布10月FOMC利率决议 To start with the result: The spot ETF had a net inflow of $110 million on Monday, but the price did not return to $80,000, remaining around $79,900. Some might say that the inflow signals a trend reversal, but I'll present a counterexample first: This $110 million all came from BlackRock IBIT alone, with a cumulative net outflow of about $202 million in October, while Ethereum ETFs had a net outflow of $89 million during the same period. A single-day inflow, a single fund, and a negative monthly total—these three points combined mean there is still no evidence of a trend reversal. How would you judge: by the single-day direction, or by the cumulative and structural data? $BTC $ETH This is not investment advice.When reading on-chain indicators, I first pass through three checkpoints before making a judgment. Checkpoint one: Definition — STH profit ratio is the proportion of short-term holders who are in a profitable state, currently about 70%, close to 100% at the end of September; don't rush to call a top just because of a high-level pullback. Checkpoint two: Comparison — placing the same indicator at the same position in the previous cycle; the absolute value of the position ratio is important. Checkpoint three: Invalidating conditions — if the inflow volume to exchanges simultaneously expands, it indicates selling pressure is being realized, so the conclusions from the first two checkpoints should be discounted. Method precedes conclusion. Do you usually set invalidating conditions first when looking at on-chain indicators? This does not constitute investment advice. Can $GOOGL's earnings tomorrow prove that AI has not eroded the search business model? Advertising monetization and cloud business are key points to watch. If AI product usage growth does not bring higher conversion, it may instead increase inference costs. The earnings report and FOMC meeting are on the same day, and macro discount rates will also amplify the reaction. If search revenue, cloud growth, and profit margins are all stable, concerns can be eased; if costs rise faster than monetization, I will turn cautious. [Pharaoh's Market Watch]
Why did Strategy suddenly hit the brakes, while Strive and BitMine stepped on the gas? What exactly is going on in this treasury circle?
Pharaoh says directly, this is called "Big Brother repairing the city walls, little brothers stockpiling provisions." Although their actions differ, their calculations are all precise.
First, look at Strategy, the "Big Brother." Last week, they didn’t buy a single BTC, holding steady at 847,700 coins. Seller turned around and spent $139 million to repurchase their own preferred shares. Why? Because the current stock price premium is gone, issuing new shares to buy coins would dilute shareholder value.
Now see how aggressive the little brothers are. Strive spent nearly $10 million last week, buying 122 BTC at an average price of $83,846, bringing total holdings to 7,514 BTC. BitMine is even more ruthless, with ETH holdings breaking through 6 million coins, accounting for nearly 5% of Ethereum’s total supply.
What does this mean for BTC? In the short term, the biggest "coin-buying machine" Strategy has hit the brakes, removing the most stable buying force from the market, causing BTC to linger around $79,000. In the long term, the treasury companies’ model is evolving—from "mindless buying" to "price-watching buying" and even "buyback support." Although buying has become more precise, the underlying logic remains unchanged—they still have a bullish outlook on BTC. $ETH $DOOD $SOL #Strategy暂停增持，Strive与BitMine扩大储备 The most crowded consensus in the market is often not about direction, but about timing. Many are currently eager to short $BTC, and their reasons sound plausible—the first phase of the bull market has dragged on for a long time, and a correction and consolidation are bound to come. But the real question is not "if it will fall," but "when it will fall." Between these two lies the distance of a monetary policy meeting. My judgment is clear: opening a short position now is betting against the upcoming event-driven rebound. The author’s suggested correction range is 72,000 to 76,000, which is not casually mentioned; it corresponds to a relatively deep shakeout in this round of the upward structure. But pay attention to the sequence of events—first comes the upward push after policy implementation, then the subsequent window worth shorting. If the order is wrong, even if the direction is right, you will be forced out. Why might the market underestimate this? Because most people interpret "no rate cut" directly as bearish. But in the current environment, maintaining the interest rate unchanged is itself a certainty signal, and uncertainty is the real cause suppressing risk appetite. The end of the meeting means the boot has dropped, and funds that were previously on the sidelines have the motivation to re-enter, forming an emotional corrective surge. This surge may not change the mid-term structure, but it is enough to put early short positions under floating loss pressure. $ETH usually follows this rhythm with amplified volatility, greater elasticity, and is more likely to produce exaggerated spikes during the event window. So a more reasonable path is: wait for the policy results to be announced, wait for that upward momentum to be fully released, then consider entering short positions. At that time, prices will be higher, sentiment fuller, and the risk-reward ratio better Brand Authorization Revoked: Dogecoin's Most Substantive Governance Action
Dogecoin's most substantive governance action this year centers on its trademark. The foundation terminated the exclusive brand authorization with its partner and simultaneously demanded a payment of $400,000; according to arrangements, a renaming is also involved before the end of the year. This is not an ordinary business dispute; it touches on the issue of who ultimately controls the Dogecoin brand.
Exclusive authorization means exclusive usage rights. Once such cooperation expands, the commercial interpretation rights of the Dogecoin brand tend to favor the authorized party. Revoking the authorization means the foundation has taken back the final control of the brand, while also clearing up the entangled interests accumulated during the cooperation. The $400,000 compensation and renaming arrangements are all supporting actions for this separation.
For holders, the significance of this matter is not about the money. Projects grown in decentralized communities often have loose governance, and the ownership of real-world assets like trademarks and brands remains ambiguous for a long time. Ambiguity means risk—if the authorized party encounters problems one day, the brand will suffer accordingly. This confirmation turns ambiguity into clarity. In the short term, it is a dispute; in the long term, it is an institutional fix: $DOGE is learning to manage its name like a proper institution.$UNITREE This is the last time I'll talk about Unitree recently, consider it a bit of fortune for those who see this post. Why the last time? Because posts with real substance get no traffic, and I have no motivation to continue writing.
As usual, I'll get straight to the point: in the next few days, you can gradually start shorting. Why these days? Because the Shanghai Composite Index showed a significant volume drop today, which is a big negative. To push the robotics sector to rally, incremental funds need to enter the market, not just empty talk.
And in these days, it's obvious that funds are hyping the stock while simultaneously unloading shares. Plus, the index can't hold up here; even if it recovers later, it's unlikely that the robotics sector will be the main theme. So I'm quite confident about this. The reason I didn't short at 80 or 90 before was that Unitree was carrying the sector effect and mission. Now that logic has been disproved, naturally, the short position should be opened.
Looking back, I started shorting at 100, took profits at the lowest point of 65. From advising everyone to wait at the rebound of 75, to executing the short at the highest point yesterday, everything was recorded, so I feel I owe those who follow me.
After successfully taking profits on this trade, I planned the next shorting point months ago. I'll post again when the time comes to share my views.
Finally, during the holding period, I will no longer share any opinions about Unitree. Instead, I will share more about mindset and trading habits, basically self-cultivation. That's all.