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Regarding KOR, many people who recently bought the dip have been stuck. Let me explain my logic. The fundamentals of storage look good, like supply not meeting demand, but it doesn't change the fact that it's still a bulk commodity. Once mass-produced, profits will inevitably plummet. Also, storage is actually a source of inflation in the AI tech revolution. On one hand, it has indeed brought stock market prosperity, but inflation is transmissible. Now downstream consumer electronics manufacturers are already struggling; just try buying a computer and you'll see how much more expensive it is. So this price increase will sooner or later have to be reversed. In fact, the rise in metal prices is also closely related to the rise in storage prices. Therefore, to put it jokingly, Trump's war was actually just a catch-up increase in oil prices. #US September CPI year-on-year rose to 3.7%, core inflation exceeded expectations $SNDK #Today Sandisk is stuck in place, unable to break through, $SNDK
It's not that the fundamentals have worsened, but the bullish momentum is being suppressed by several pieces of news.
First, Elon Musk's tweet benefits Micron, indirectly suppressing Sandisk.
Musk stated that Micron's pricing is restrained, while other manufacturers' price hikes are too aggressive.
The market worries that Sandisk's high-price strategy will lose major customer orders.
Capital is starting to doubt Sandisk's room to continue raising NAND prices.
Second, a large amount of profit-taking is piled up above.
After a huge previous increase, approaching the 1500 resistance level, capital cashes out profits as soon as it spikes.
Without significant unexpected positive news, no one is willing to actively free trapped positions.
Third, expectations of capacity release from ChangXin Memory continue to suppress sector valuations.
The market worries about increased future DRAM supply, casting doubt on the sustainability of the storage price upcycle.
The overall sentiment in the storage sector is weak, dragging Sandisk into synchronized volatility.
Fourth, the dual nature of long-term contracts.
Long-term orders secure the performance baseline but also lock the growth ceiling.
Institutions worry that gross margins have peaked, making explosive outperformance unlikely.
Today's market characteristics:
Sector divergence, capital prefers the conservatively priced Micron.
Sandisk lacks strong catalysts, capital is cautious, resulting in range-bound grinding.
To break through 1500, two signals are needed:
NAND spot contracts continue to rise, or AI servers add large storage orders.
Otherwise, it will likely remain volatile, with spikes easily falling back. #US September CPI year-on-year rose to 3.7%, core inflation exceeded expectations A true trader, when facing market uncertainty, dares to make their own judgment. After the US CPI data was released tonight, I chose to take a short-term bearish stance and have already fully positioned in short orders! Why am I leaning bearish this time? Let me share my three reasons. ① Overall inflation is higher than market expectations. The US September CPI rose 3.7% year-on-year, higher than the market expectation of 3.6%, and also exceeded the previous value of 3.4%. The market had already anticipated a possible rebound in inflation, but the actual data released was even hotter, indicating that inflationary pressure is not as easy to ease as imagined. ② Core inflation is also not optimistic. September core CPI rose 2.6% year-on-year, higher than the previous 2.4%; month-on-month it rose 0.3%, also exceeding the market expectation of 0.2%. Even excluding food and energy prices, inflation still shows significant pressure. Such data will make the Federal Reserve more cautious when considering rate cuts, and the space for easing policies may be further limited. ③ Rising oil prices are pushing up inflation. US gasoline prices rose 9.1% month-on-month, contributing more than half to the overall monthly CPI increase. The continuous rise in energy prices means that future inflation decline may be more difficult. If oil prices remain high, market concerns about prolonged high interest rates may also intensify. So, what does this mean for the crypto market? My judgment is: the short-term market is bearish, but further price confirmation is needed. Inflation exceeding expectations may strengthen the expectation that interest rates will remain high, and may even trigger a market re-ignition.$BTC $ETH CPI+Fed spokesperson double negative, BTC/ETH market sentiment analysis
With CPI exceeding expectations and the Fed spokesperson turning hawkish, macro tightening expectations are reconfirmed, causing market sentiment to weaken directly.
From two 30-minute charts, the strength divergence is clear: BTC's decline is relatively restrained, more of a passive follow-down, with stronger risk-averse capital attributes. The decline is mainly due to macro liquidity suppression, with no extreme internal sell-off. Market funds prefer to stay in BTC, which is currently the default safe haven in the crypto space.
ETH is noticeably weaker, with deeper bearish candles and greater downward momentum. ETH carries the DeFi narrative and is more sensitive to rising interest rates. As rate hike expectations heat up, risk asset valuations are directly crushed, and bullish confidence collapses more obviously. When macro negatives hit, funds withdraw from ETH first, with contract long stop-loss orders flooding out.
Current overall market sentiment: bottom-fishers are completely on the sidelines, no longer rushing to catch rebounds. Bulls who previously gambled on oscillation reversals have been continuously hit and now generally dare not open longs lightly. Bearish sentiment dominates but has not yet reached extreme panic sell-off.
Market mentality has shifted to: reduce positions on rebounds, avoid bottom-fishing easily. Overall capital is contracting, and altcoin selling pressure will be fiercer than mainstream coins. The core focus of the subsequent market remains on US Treasury yields; if interest rates stay high without falling, this weak trend pattern will be difficult to reverse quickly.$PYTH
Why might data demand and token holding returns diverge during PYTH pullbacks?
Today's midday spot 24-hour observation window: range 0.07725—0.08824 USDT, change -2.10%, trading volume approximately 3.81 million USDT.
Product usage, commercial revenue, and token rights need to be verified separately. Service usage does not necessarily require users to continuously hold the same amount of tokens, and short-term pullbacks do not prove a decline in data demand; value transmission must have mechanisms and cash flow evidence.
If revenue and rights lack support and rebounds keep breaking lower lows, proceed with caution; if clear transmission can be verified and higher lows are maintained, then increase the weight of economic demand.【Is Saylor's playbook really about hoarding $BTC, or is it a game of financial relay?】
K33 did the math: Strategy raised about $7.5 billion through STRC financing in the first half of the year to buy nearly 100,000 BTC, but this also increased its annual dividend obligation by about $725 million. Calculated at $83,000 per BTC, this is equivalent to the value of 8,740 BTC per year.
This is a bit delicate. Issuing preferred shares to buy BTC, using BTC to support valuation, and then relying on market confidence to continue financing. When BTC rises, this cycle spins faster and faster; but dividends are real cash outflows, while BTC itself does not automatically generate cash flow to cover them.
Is this a Ponzi scheme? Strictly speaking, it cannot be defined as such. Strategy holds real BTC assets, and the financing and dividends have clear securities terms. But it does have a vulnerability: if growth increasingly depends on the next round of financing, once the financial relay is interrupted, the whole cycle could stall.
I won't be bearish on BTC just because of this report for now, but I will closely watch Strategy's financing ability, cash reserves, and STRC dividend costs. In a bull market, this is capital operation; in a bear market, it could be something else. What Saylor really wants to prove is not how much more BTC he can buy, but whether this machine can keep running long-term.The opponent pushed pawns to the first three squares in front of the Dhahran headquarters, smoke rose on the board, but a true grandmaster never focuses on just those three squares—I’m looking at the diagonal of the king’s wing, whether the entire major diagonal of Saudi energy exports is still open.
The Aramco headquarters was hit, three floors burned, no casualties, production and exports unaffected. What is this called in chess notation? A probing pawn sacrifice, where the opponent uses a small pawn to trade for my attention and reaction time. His move’s purpose isn’t to capture my king but to force me to move defensive pieces and see if my response reveals structural weaknesses. The Houthi forces attack airports and energy facilities, the Saudi-led coalition retaliates by striking fuel depots in Yemen—this is a typical piece exchange melee in the midgame, both sides tactically contesting the same group of squares. The Red Sea is the kingside, Hormuz is the center; Saudi Arabia wants to build a bypass pipeline, effectively opening an additional route on the flank, but flank routes always have the same problem: few squares, limited width, and once controlled by enemy rooks or knights, they become ineffective.
Brent fell 0.9% to 105.69, WTI rose 0.4% to 94.14, the two benchmarks moved in inconsistent directions. This is the most alarming signal on my board: not the prices themselves, but that two pieces that should move in tandem have started acting independently. This indicates the market lacks consensus; both bulls and bears are still calculating, and no one dares to make the first move into the center. Heavy positions in such a scenario are like committing all your pieces on an unfinished opening—an amateur’s mistake.
The real decisive move isn’t today’s fire alarm but whether the opponent can push the front line to the three lifelines: oil fields, refineries, and export terminals. As long as any square on these three lines is substantially attacked, the entire situation will instantly escalate from a tactical piece exchange to a strategic king attack—that’s the endgame that determines the oil price center and the pricing of safe-haven assets. But for now, we’re still transitioning from opening to midgame; all major pieces remain in place, the board is shrouded in smoke, but the truly fatal strike has yet to fall.
$XAUT’s role in this situation is like the rook in my hand that hasn’t been deployed. The essence of the safe-haven logic isn’t offense but having a safe harbor for my king when the opponent might launch a strong attack. When the risk remains in the probing and piece-exchange phase, this rook’s value is underestimated; once the fire approaches the core squares, it will realize its full potential along open lines in one decisive move.
My judgment is: the situation has entered the tactical piece-exchange zone, but the strategic strike’s target remains unclear. The worst thing now is to be led by the immediate fire alarm and dismantle your own structure before the opponent reveals their next move. #aramcohqattackoilrisk$CORE 项目方都撤离节点了。不就明摆着跑了？还不服。不服多买点Tonight's CPI data isn't here to scare people, it's here to kill directly. Overall inflation exceeded expectations, and core inflation rose simultaneously, which means the Fed's excuse of "only energy price increases" has been completely torn apart. The market's previous bet on "no change in October" is now being ground into the ground.
After the data came out, BTC directly fell below 82,000; the previously repeatedly mentioned psychological support at 80,000 has now become a ceiling. ETF funds were already flowing out, and now with tightening macro expectations, buyers dare not enter. Long-term holders on-chain are still buying, but they can't hold off institutions dumping in the futures market. If 80,000 can't hold, the next support is 78,000.
ETH fell the hardest tonight, crashing near 2,400. It was the weakest among the three to begin with; ETF continues to bleed, staking yields can't keep up with U.S. Treasuries, and institutions are not supporting the price below. When BTC weakens, ETH falls the most; tonight's trend is a vivid example. Don't expect it to strengthen independently in the short term.
Gold $XAUT also plunged tonight, spot gold dropped nearly 2%. Core inflation exceeding expectations pushed up real interest rates, and the dollar and U.S. Treasury yields rose together. Non-yielding gold can only take a hit in the short term.
My view is straightforward: don't bet on the data, bet on the collapse of market trust in the Fed. The data just landed; don't rush to chase the first candlestick, wait for the sentiment to release before making moves. #美国9月CPI同比升至3.7%，核心通胀超预期 5.9%—this is not an interest rate figure; it is a critical load threshold hanging over the skyscraper of the US stock market. The 10-year US Treasury yield is 5.2%, 70 basis points away from that threshold, while 37% of fund managers have marked 6% on their blueprints, and 19% have already started moving the steel reinforcements within the load-bearing structure.
I have been doing structural design for twenty years, and what I fear most is not earthquakes, but resonance. When short-term government bonds begin to be accumulated, when nearly six years of underweight positions are wiped out in one stroke and shift to overweight short bonds, turning neutral on US stocks—this is not just portfolio adjustment; it is the main structure quietly unloading non-load-bearing walls, concentrating the load toward the core tube. There is a phrase in design codes: in any building, the first to fail is never the facade, but when everyone simultaneously decides to head for the same exit.
The 70 basis points between 5.2% and 5.9% act as expansion joints, dampers, and inter-story displacement space that allows the market to catch its breath. But once it crosses 6%, you will find that the rise in long-term yields is no longer gentle—it behaves like uneven foundation settlement, tearing from the basement all the way to the top floor. The volatility of both the stock and bond markets will be amplified simultaneously because they share the same foundation: liquidity.
BofA’s survey says there has been no large-scale rotation. That’s because real shifts never happen linearly. When we do seismic design, the most dangerous buildings are those that "look stable"—they weld all joints rigidly, lacking ductility, and suddenly fail in a brittle manner at a certain load. The current US stock market is in this state: the surface structure is intact, but it lacks deformation capacity. BlackRock moving positions toward short bonds is equivalent to admitting that the risk premium on the long end is no longer sufficient to cover future interest and uncertainty.
As for $xUSAR and similar tokenized US stock assets, they play the role of the curtain wall in this story, not the main structure. Curtain walls do not bear loads themselves, but they are the first to sense wind pressure and temperature differences. Once the underlying yield curve steepens, the curtain wall’s connectors will be the first to creak.
The real problem is not the 6% figure. It lies in the fact that when everyone is focused on the deflection of the same beam, no one checks the axial compression ratio of the columns. The market is never brought down by a single interest rate; it is slowly exhausted by the stress redistribution within the load-bearing system. #bofastockbonddivide$BTC/$ETH Bitcoin will rebound, altcoins will make a strong comeback, buy on dips. This is the expert judgment, but we need to see if the data supports this conclusion. On October 14, CPI data exceeded expectations, with overall inflation at 3.7%, a four-month high. Bitwise CIO Matt Hougan originally expected the market to drop 3% to 5%, but Bitcoin only fell about 1%, staying near $82,600. This is no coincidence. The average cost for long-term holders is about $48,600, and they still hold about 72% of unrealized gains; they did not panic sell under the CPI shock. Meanwhile, Strive bought another 3,311 BTC last week, increasing total holdings to 32,773 BTC, with institutions continuously accumulating. More importantly, there is a change in leverage structure. In the past 24 hours, the entire network liquidated $408 million, but the funding rate has turned negative. On the Gate platform, the BTC/USDT funding rate is -0.0046%. This means shorts are starting to pay longs, and the market's leverage pressure is shifting from the long side to the short side. When shorts become crowded, any upward catalyst could trigger a short squeeze. Regarding altcoins, funds are flowing into established projects like ZEC and Starknet. ZEC has risen from $50 to $1,300 within a year. The characteristic of this rally is that funds are flowing into projects that are fully or nearly fully unlocked and have real technical narratives, rather than pure sentiment speculation. Ethereum rebounded from $2,400 to $2,505 after the dip September CPI brings more rate hikes, with rate hike timing swinging between October and December. Macro pressure is gradually increasing. How will the US stock market, US bonds, and #Bitcoin perform? First, looking at the bond market: after the data release, 2Y, 10Y, and 30Y yields rose simultaneously, then slightly retreated. The 2Y yield rose the most sharply, initially indicating a strong hawkish market expectation for tonight's CPI, with increased rate hike and inflation expectations. The subsequent retreat is a technical pullback after the short-term data shock. Continue to monitor the 10Y and 30Y trends. If the 10Y and 30Y continue to fall, it means the Fed is more hawkish but long-term inflation is controllable. If the 10Y and 30Y continue to rise, beware that the market is redefining a higher long-term neutral rate, and inflation concerns are more persistent. If so, risk assets will face more obvious pressure. #美国9月CPI同比升至3.7%，核心通胀超预期 Next, looking at the US stock market: so far, large US banks' earnings reports are optimistic, proving a strong AI capital supply side. ASML's earnings are strong, and the AI industry narrative is healthy and stable, which should have driven gains but was offset and even clearly pressured by tonight's CPI data bearishness, mainly because long-term interest rates remain high under the macro backdrop, amplifying the bearish impact. Coming up, this week still has TSMC's earnings report on Thursday. Although TSMC's earnings expectations are good, it only proves the AI narrative's stability and health. Reversing the trend this week looks very difficult, as macro pressure dominates this week. As for #Bitcoin's trend, it has maintained around the 4-hour MA120 for the first two days this week 🌪️At 2:17 PM, a deep convective cloud band appeared over the Philadelphia Semiconductor Index, with a single-day drop of 2.7 percentage points — this is not an ordinary shower, but the first rumble signaling the destabilization of capital stratification.
Broadcom's CEO, Chen Fuyang, sounded a wind shear alarm in Singapore: the cumulonimbus clouds of chip production capacity are dissipating, the low-pressure trough of power supply is weakening, but the real blocking high pressure has shifted to the capital side. He said capital might become a bigger bottleneck. Note, this is not a chip problem, nor a power grid problem; this is an issue with the atmospheric circulation itself. Intel's Chen Liwu added: financing channels, financing costs, and the validation of long-term returns — these three are the baroclinic instability conditions that determine how far this AI storm can go.
The semiconductor index fell by 2.7%, which on a weather scale corresponds to a moderate-intensity squall line passing. But the real signal is at a higher level: OpenAI's massive computing power expenditure and financing model are being openly discussed, indicating that the market's supercomputer is starting to diverge on whether "rainfall can materialize." Near-term demand remains clear, and neither CEO has lowered short-term expectations, but the mid-to-long-term convective available potential energy is being reassessed.
At this time, to understand the linkage of tokenized US stock targets, one must read the sounding curve. The underlying atmosphere — on-chain liquidity — is still warm and moist; the fear and greed index has not fallen below the neutral layer. But mid-level dry cold air is invading: credit spreads are widening, risk premiums on AI-related assets are rising, and perpetual contracts related to HYPE and SK Hynix have experienced violent fluctuations, indicating localized downbursts. BTC and Nasdaq are showing signs of decoupling, like a region once controlled by the same monsoon suddenly splitting into two independent climate zones.
The impact path on tokenized US stock targets is clear: first, the financing constraint narrative will suppress the convective cloud top height of valuation expansion; second, if credit spreads continue to climb, the stratification of risk assets will shift from conditionally unstable to absolutely unstable; third, the short-term AI demand warm ridge remains, meaning the pullback is more like a frontal precipitation rather than a monsoon retreat.
But I want to give a forecaster’s cold judgment: when both capacity and power variables start to improve, yet the bottleneck does not disappear but merely shifts from the supply side to the capital side — this indicates the main controlling factor of this AI market cycle has changed season. The wind direction has changed, and so has the direction of the pressure gradient force.
On radar echoes, the dialogue in Singapore was like a high-altitude sounding balloon, and the data has been transmitted back. In the next 48 hours, watch two things closely: the slope of AI credit spreads, and whether the tokenized semiconductor targets see a net capital inflow inversion layer. Once an inversion forms, no matter how much the warm air near the surface churns, it cannot rise. #aifundingconstraintsDon't rush to say the altcoin season has arrived; this wave feels more like an emotional rebound first, with the structure not yet catching up. The rebound you see—is it really a trend reversal? Watching the market last night, my biggest impression was: many people mistake an oversold recovery for the start of a reversal. BTC is currently around 83,900, up only 0.57% in 24 hours, having previously dipped below 83,000; ETH returned to 2,516, up 1.67%, pulled back from the overnight low of 2,407. The numbers all look like they're rising, but the rhythm is very different. Let's start with BTC. 81,000 is a strong support near the 400-day moving average, which has been tested multiple times before; above, 84,000 is resistance at the 20-day moving average, and only by breaking above can it have a chance to reach 86,500. The problem is that from 15 minutes to 4 hours timeframe, it still looks weak; this round feels more like a recovery after overselling rather than a new trend ignition. ETH is actually more interesting. The daily chart shows a "engulfing" pattern, with around 2,494 acting as a short-term bottom, currently stuck at the Bollinger Bands middle band at 2,517. The Bollinger Bands are narrowing, meaning a direction will be chosen in the next 12 to 24 hours. But on-chain activity is very divided: some whales are clearing ETH to take profits and exit, while others are selling BTC to buy ETH at an average price of 2,529; meanwhile, ETH liquidity on Binance has dropped to a seven-month low, quietly accumulating volatility risk. On the sentiment side, what I see is not outright optimism but cautious probing. Exchange BTC balances are dropping Low Fees Come at a Cost: Understanding the Token Economics Behind $SOL $SUI , and $IMX For $SOL, I break down transaction fees into two components. Under the official fee structure, 50% of the base fee is burned, while the other 50% goes to validators. Priority fees, on the other hand, go entirely to validators. This means that rising network fees don't automatically translate into higher token burns. If most of the growth comes from priority fees, validators benefit more, while the reduction Low Fees Come at a Cost: Understanding the Token Economics Behind $SOL $SUI , and $IMX For $SOL, I break down transaction fees into two components. Under the official fee structure, 50% of the base fee is burned, while the other 50% goes to validators. Priority fees, on the other hand, go entirely to validators. This means that rising network fees don't automatically translate into higher token burns. If most of the growth comes from priority fees, validators benefit more, while the reduction 接下来到周五美股收盘，我还是看空SNDK。
原因很简单。第一，SNDK前面已经涨了很多，NAND涨价、AI存储需求这些利好，市场提前交易了不少。现在行业继续景气已经不够，必须持续超预期，股价才容易继续往上。
第二，美国CPI超预期，利率压力重新回来。像SNDK这种前期涨幅大、估值高的科技股，最容易先被资金减仓。
第三，CXMT虽然主要影响DRAM，但已经让整个存储板块重新评估竞争和估值，短期资金更容易选择兑现利润。
所以我预计接下来的路径是：先测试1400美元。1400守不住，看1370；继续走弱，看1345–1360。
如果1400附近有承接，也可能先反弹到1450–1485，但只要站不稳1485，我仍然把它当成下跌中的反弹。
只有重新站稳1485并突破1539，我才会放弃这轮看空判断。
我的观点很明确：**行业没坏，但现在的估值和资金状态，短期更容易往下。**"$OKB Burn: Supply Locked, Does Not Equal Buying Pressure"
The total supply of $OKB is locked at 21 million tokens. A one-time burn of 65.26 million tokens was executed, closing the issuance channel. No new OKB will be created in the future.
But the easily misunderstood part is this: it is still used as on-chain gas fees. Each transaction burns a bit; the more users, the more is burned. The burn only locks the supply cap; it does not automatically increase demand.
What truly determines its value is whether people are using the chain. Burning does not equal buying pressure. If no one uses it, no matter how much is burned, the price won't rise. If people use it, locking the supply cap becomes meaningful.
So don't rush in just because of the burn. First, look at on-chain activity, gas consumption, and whether the ecosystem has real demand. The supply side is the premise; the demand side is the answer.
#BTC spot ETF net outflow again, can institutional buying recover?
#September CPI announced tonight, Fed rate hike divergence awaits resolution
#Netflix growth may slow, advertising business becomes new focus
$OKB
For personal observation only, not investment advice.$BTC 🔥 Boot turns to brick: CPI 3.7% hits hard, BTC 83.8K→82.8K, ETH breaks 2,500, crypto market collectively kneels
10.14 20:30 US September CPI:
Overall CPI 3.7% (expected 3.6%, previous 3.4%)
Month-on-month +0.6% (expected 0.5%)
Core CPI year-on-year 2.6%, month-on-month +0.3% (expected 0.2%)
Inflation not dead, rate hikes alive again.
October rate hike pricing from 18%→32%+
10Y yield surges to 5.28%–5.29%, 2Y yield nears 4.91%
BTC slashed from 83.8K to 82.8K, ETH breaks 2,500 down to 2,479, XRP breaks 1.40, BNB breaks 740
Sideways waiting for CPI, once CPI hits—sideways turns into a slide.
BTC kneels first, ETH follows the hit, altcoins add the finishing blow, this is the standard script for “core inflation exceeding expectations.”
82,000–82,300 = bulls’ lifeline, 4H close below → 81,000 → 80,900 previous low
80,000 = 50-day moving average + psychological bottom, daily close below = door opens to 78.7K
Rebound resistance at 84,100–84,500 sell wall, failure to hold is just a fake breath
Tomorrow 10.15 20:30 PPI + retail + initial claims: strong retail = more stable rate hike, jump in initial claims = market fantasizes pause again Before tonight's CPI, the easiest thing to misjudge is not the direction, but the "quietness." Do you also feel that no volatility means no risk? When I watch the BTC and ETH markets, my first impression is not "falling," but "contracting." Prices are rubbing back and forth in a narrow range, but the sentiment is like water pressed down, actually very tense underneath. Many people see Williams' relatively mild statements and think the policy is about to ease, but the market is not really reassured—it worries about sticky inflation and whether there will be tougher wording later. The inconsistent statements among officials are like smoke screens, not consensus, just each taking their own stance. At times like this, what is truly being traded is often not the data itself, but "whether the data will break the current low volatility." CPI will be released tonight; if it falls within expectations, BTC and ETH may first give a directional choice: BTC resistance near 84000, support near 82000; ETH resistance around 2540, support around 2500. Before the range breaks, sentiment leans cautious, and altcoins are more likely to lose attention because risk appetite hasn't truly returned. The more bullish path is: data not hot, combined with mild statements, the market will push back worries of "one more rate hike," BTC and ETH will first recover, and sentiment will slowly spill over to altcoins. The potential risk is: as long as inflation expectations don't drop, any rebound may be seen as a window to reduce positions, especially chasing gains before data, which is prone to being swept back and forth. I now prefer to understand this phase as sentiment compression rather than trend end. Waiting for the data to land, watchingCPI is out at 3.7%, 0.1 points higher than expected. The core month-on-month is 0.3%, which is the critical number — the market was previously betting on 0.2%.
As soon as the data dropped, the October rate hike bets on Polymarket jumped directly from 16% at the start of the month to 47%. BTC slipped back from above 84,000, now hovering around 82,700, down about 0.6% in 24 hours.
But the market is conflicted. Last night, ETFs still had a net inflow of 176 million, with FBTC alone taking in 103 million. On-chain is even more interesting: a whale just bought 1,162 BTC through Wintermute, worth 96.77 million dollars. On one hand, macro is pushing prices down; on the other, big money is buying underneath. So, is this bearish or bullish?
Coinbase premium index has dropped to its lowest since July, with the spread briefly turning negative. Institutions in the US are indeed pulling back, but addresses holding 100 to 1,000 BTC hit a record high of 20,384. Retail and whales are buying, institutions are selling — a typical turnover phase.
ETH is quieter, sticking around 2,500, and ETFs have ended a ten-day outflow streak.
To be honest, CPI beating expectations is a short-term negative, but with rate hike bets jumping to 47%, the worst is mostly priced in. There are long liquidations stacked below 79,600 and shorts waiting above 87,500. The current volatility is digesting these two zones. Don’t rush to chase; wait for a clear direction to emerge first.
$BTC $LINK
LINK is moderately recovering; why is there no valuation guarantee for the product's necessity?
Today's midday spot 24-hour observation window: range 12.725—13.193 USDT, change +0.70%, trading volume approximately 3.93 million USDT.
There must be a balance of costs and mechanisms between data service calls, fees, and token rights. Infrastructure necessity does not imply that any valuation is reasonable; price recovery alone cannot independently prove a genuine increase in paid demand, and value capture cannot be omitted.
If income evidence lacks follow-up and 12.725 is breached, business support decreases; if clear transmission improvement occurs and 13.193 is reclaimed and stabilized, then demand sustainability can be further increased. Another publicly listed company is investing real money: spending about $280 million in one go to buy 3,311 bitcoins, with an average price just over $84,000 each.
The strategy of these "Bitcoin treasury" companies is straightforward: issue stocks or bonds to raise money, then convert the funds into crypto; when the coin price rises, the company's net assets and stock price increase accordingly, enabling them to raise even more money to buy more coins. As long as the trend is upward, this is a self-reinforcing machine. The first company to successfully follow this path set the template, and the number of followers has only grown in recent years.
But the reverse is also true: once prices turn down, borrowed money, added leverage, and promised dividends to shareholders all become burdens. The combined holdings of companies doing the same thing are no small amount, and whether they can withstand the next deep correction is uncertain.
So when I see this kind of news, I always think one step further—are they really allocating hard assets for shareholders, or just packaging a highly volatile position as a "strategic reserve"?
More and more listed companies are borrowing money to hoard crypto. Do you think this is smart asset allocation or layers of risk piling up? Let's discuss in the comments.
$BTC$BTC
Let's first look at some key data:
US CPI year-over-year is 3.7%, expected 3.6%, previous 3.4%.
CPI month-over-month is 0.6%, in line with expectations.
Core CPI month-over-month is 0.3%, higher than the expected 0.2%.
Core CPI year-over-year is 2.6%, higher than the expected 2.5%.
What does this data indicate?
Inflationary pressure still exists, especially core inflation is not as optimistic as the market expected.
This means the Federal Reserve's future easing space may be limited, and the market needs to reassess rate cut expectations.
For BTC, US stocks, and other risk assets, this is naturally not good news.
Now looking at US stocks.
Tonight, the Nasdaq opened down 0.6%, the S&P 500 opened down 0.41%.
Finally, back to BTC.
BTC has now fallen back to around 82.6K, ETH dropped to around 2470, and SOL also returned to around 105.
This precisely shows that although yesterday's V-shaped rebound proved there was buying near 81K, it is still insufficient to change the structure of continuously lower daily highs.
Next, my trading thoughts:
① BTC 83K–84K: Short-term resistance area; only by stabilizing above this can there be a chance to challenge 85K.
② BTC 81K–82K: Key support area; focus on whether effective support can appear again.
③ If 81K is broken: continue to watch around 80K below, or even deeper pullback risks.
My personal bias: cautious short-term bearish, but do not chase shorts near support.#Microsoft releases next-generation AI chip, stock price hits yearly high Microsoft officially launched the self-developed Maia 300 AI chip, with the news driving the stock price to a new high for the year. This chip focuses on AI inference scenarios, supporting long context and AI intelligent agent tasks. Official data shows that under the same power consumption, token output is about 40% higher compared to mainstream GPUs. Plans are to start gigawatt-scale deployment from 2027.
Key distinction: Maia 300 is positioned as an inference chip, not a large model training chip, so it will not replace training cards in the short term. Therefore, the impact on Nvidia is more of a long-term expectation, and short-term long-term training card orders are basically unaffected. The market is giving Microsoft a premium, mainly optimistic about the integrated closed loop of "large models + cloud services + self-developed computing power," opening up profitability space for AI business.
There is a differentiated trend within the sector: positive for Microsoft itself; but the "computing power autonomy" narrative will suppress third-party GPU targets. Meanwhile, Maia 300 uses HBM4, creating new demand for HBM, which is also the source of the long-short battle in the storage sector.
Transmission to crypto: Nasdaq tech sentiment warms up, providing short-term emotional support for high-beta assets like BTC, ETH, etc., but this is a correlated effect, making it difficult to trigger an independent major rally.
Follow-up key points: Maia 300 mass production yield, official deployment schedule, and subsequent Azure revenue and gross margin guidance. If the landing progress falls short of expectations, it is easy to see a realization of positive news followed by a pullback. $BTC $ETH $ZEC 📊 CPI REACTION | Data as of 20:30 tonight
September inflation came in hotter than expected across the board. Headline CPI hit 3.7% YoY vs. 3.6% forecast, while core CPI reached 2.6% vs. 2.5% expected. Core MoM also remained firm at 0.3%, missing expectations for a slowdown to 0.2%.
The inflation pass-through is becoming harder to ignore. Energy prices surged 20.4% YoY, with gasoline jumping 9.1% MoM, raising concerns that persistent energy costs could keep broader inflation.
#DailyOrbit Many investors believe token burning automatically pushes prices higher, but the numbers behind $SUI tell a different story. 👀 Let’s look at the bigger picture. 🪙 1. The Burn Rate Is Relatively Small If $SUI burns approximately 1,000–2,500 tokens per day, the annual reduction would be around 365,000–912,500 tokens. Against a maximum supply of 10 billion tokens, that represents just 0.0037%–0.0091% annually. Even at a hypothetical price of $1.80, the upper-end annual burn would represent roughlThe ETH position laid out tonight pocketed 7k profit, relying on a step-ahead situational judgment.
Previously, the market generally bet on inflation easing, with ETH oscillating at high levels for some time. But the rebound in oil prices, persistent service sector inflation, combined with the early strengthening of the dollar and U.S. Treasury yields, had already signaled bearish factors. The reverse short position profited from this expectation gap.
After CPI exceeded expectations, the probability of a Fed rate hike quickly surged, and liquidity tightening expectations directly suppressed the highly elastic ETH, causing concentrated profit-taking by bulls and a corresponding market drop.
Currently, short-term bears dominate; after a technical breakdown, attention should be paid to support below. In the medium term, wait for the Fed's end-of-month decision; after bearish factors are fully priced in, there may be a recovery.
Those who observe the trend understand it; those who control the trend win. Not blindly following market sentiment, but anticipating the rhythm and precisely positioning, is the way to pocket profits amid volatility. $ETH $SOL On this chain, there is a type of money that does not speculate on coins; it is real-world assets brought onto the chain to conduct business.
According to the data site's categorization, this type currently totals $585 million, spread across 12 projects. The two largest are one doing reinsurance with $293 million, and one doing credit with $249 million; together they account for 92% of this category.
The rest are small players, the next largest having $33.6 million, followed by several million or even hundreds of thousands. The scale of this category is basically supported by the top two.
Behind these assets are real-world cash flows, insurance payouts, and loan interest. Bringing them onto the chain aims for fast settlement and transparent accounts, relying on real cash flow income; they do not care about coin price fluctuations.
The lending and market-making categories on-chain each have scales of two to three billion dollars, while this category is still in the single-digit hundreds of millions. Compared to SOL's $63.8 billion market cap, it is less than one percent.
A 1% move in SOL's market cap equals $638 million, which is more than this entire category, so the inflows and outflows of this money currently do not affect the coin price; price changes remain the coin's own business.
But its direction is worth watching. This type of money is entering quickly, backed by institutions willing to put real assets on this chain for settlement, rather than just trading on it.Tonight I continue to be bearish; the selling pressure on BTC and ETH hasn't stopped yet.
My view:
Short-term bias is bearish, wait for the rebound to be resisted, do not chase short positions at low levels.
Currently, BTC and ETH spot markets are continuously net selling, and the rebound lacks buying support, so I am holding my short positions.
—— BTC: Contract market warming up, spot market dragging behind ——
Last 1 hour
Contract: net inflow of $20.88 million
Spot: net outflow of $53.98 million
Last 4 hours
Contract: net outflow of $192 million
Spot: net outflow of $95.45 million
Short-term contract buying has appeared, but spot market still leans toward selling. I will first observe if this rebound can hold off subsequent selling pressure.
—— ETH: Both markets are net selling ——
Last 1 hour
Contract: net outflow of $223 million
Spot: net outflow of $47.29 million
Last 4 hours
Contract: net outflow of $598 million
Spot: net outflow of $141 million
ETH is the one I am more cautious about in the short term. Both contract and spot markets are weak simultaneously; whether the rebound can hold depends on buying improvement.
—— SOL: There is support, shorting requires picking the right position ——
Last 24 hours spot net inflow of $28.34 million, capital performance is better than BTC and ETH.
So tonight, the bearish focus is on BTC and ETH, while continuing to observe if SOL’s support can continue.
My plan:
Do not chase at low levels to avoid being pulled back.
If spot turns strong and price breaks through and holds, then adjust the bearish view.
Being bearish is fine, but don’t stubbornly hold shorts to your own detriment. 83400, BTC has been consolidating at this level for two days. On the 13th, there was a sharp dip below 81000, causing over 700 million USD to be liquidated across the network, but it quickly bounced back above 83000. I've seen this pattern many times; it's not called stabilization, it's waiting for the referee.
The referee is tonight's 8:30 PM US September CPI. The nominal year-over-year expectation rose from 3.4% to 3.6%, mainly driven by oil prices; the core month-over-month expectation is 0.2%, which is actually milder than last month.
The problem is the context is different now. The Fed has already raised rates once in September, with rates at 3.75%-4.00%, and the 10-year US Treasury yield hovering around 5.2%. At times like this, talking about Bitcoin as an inflation hedge doesn't convince many; investors care more about how much interest they can earn by just holding cash. ETFs haven't helped either; from October 7 to 12, there was a net outflow of about 770 million USD, and ETH ETFs have been even worse, with ten consecutive days of outflows.
I tend to focus only on the core CPI tonight; the nominal figure is already priced in. If the core comes in at 0.2% or lower, after holding above 84000, BTC will likely test 85000; if the core jumps above 0.3%, a December rate hike is basically locked in, and 81000 might not hold, with 80000 as the next psychological support.
For those heavily leveraged, it's not shameful to lower your position before the data; we only play safe bets. During the ten minutes when the data is released, spikes can happen on both sides #九月CPI今晚公布，美联储加息分歧待解 $BTC #Netflix Growth May Slow, Advertising Business Becomes New Focus Market expectations are that Netflix's pace of new subscriber expansion will gradually slow, with intensified competition in the streaming market. The space to drive revenue purely through price increases and new subscriber acquisition is already limited. The global streaming sector is approaching saturation, user subscription fatigue is setting in, and with competitors siphoning off users, net new subscriber growth is difficult to replicate at previous high levels, which is the core concern in the current market.
The ad-supported subscription tier is seen as a second growth curve. The low-priced ad-supported tier can attract price-sensitive users and generate additional advertising revenue without significantly increasing content costs. Meanwhile, Netflix is ramping up live sports and hit series ad pre-sales, continuously attracting brand advertisers, which is expected to raise per-user monetization value and offset the pressure from sluggish subscriber growth.
However, a rational view is necessary: the overall base of the advertising business is still relatively small, and in the short term, it is difficult to fully make up for the decline in subscriber growth. It is also affected by corporate advertising budget cycles. If the macro environment tightens, brands will prioritize cutting marketing spend, making advertising revenue more elastic and volatile.
As a Nasdaq heavyweight, changes in Netflix's earnings expectations will affect sentiment in the tech sector. If advertising monetization exceeds expectations, it can help the Nasdaq recover, indirectly supporting sentiment for BTC, ETH; conversely, if both subscriber and advertising results fall short of expectations, it will drag down risk appetite and disrupt high-beta assets.
Key follow-ups: ad tier penetration rate, ad fill rate, per-user revenue, and management's medium- to long-term advertising revenue guidance. $BTC $ETH $ZEC What I fear most now is seeing someone use "ZEC has a total supply of only 21 million" to persuade others to go all in.
This statement itself is not wrong, but the problem is, does limited supply necessarily mean the price will rise?
If it were that simple, those projects in the crypto space with a total supply even less than Bitcoin would have already taken off one by one.
ZEC's scarcity does have a basis, with a clear issuance cap and a halving mechanism. But ultimately, the price depends on whether people are willing to pay for it. If new demand doesn't keep up, even if fewer coins are produced daily, the price can still fall.
Moreover, miners have to pay for electricity and equipment, so they can't hold all the ZEC they mine. The actual amount of real sell orders in the market can't be calculated just by looking at the total supply.
I'm not bearish on Zcash; I just think many people like to use a single number to boost their confidence.
The real reasons that make me willing to keep holding $ZEC should be that privacy transactions are being used, wallet experience is improving, development is ongoing, and the market is willing to pay for these things.
If none of these exist and all that's left is "limited supply," then I really wouldn't dare to go heavy.
For now, I tend to wait and see. If there is a breakout with volume or a pullback that stabilizes, then I'll consider participating in batches. Before the market moves, having fewer illusions is quite good.On October 14, interest rate expectation tools showed that after the September CPI release, the market's bet on a Fed rate hike in October rose from 21.6% to 43.7%. The recent increase reflects a clear warming of rate hike expectations, which, if sustained, could pressure risk assets like BTC, but the market's bet is not yet a Fed decision. Next, watch whether rate hike bets continue to rise and whether the Fed's statements support this round of expectation changes.
$BTC Take profit on cryptocurrency short positions and choose to go long on gold.
The trade is based on two logics:
First, interest rate pressure.
Second, global risk aversion, debt risk, and capital allocation needs.
My long position logic is not betting on “CPI being good for gold,” but rather the belief that:
After the negative news is released, if the market does not continue to drop sharply, it indicates that some pressure has been released, and gold may enter a recovery phase.
After today’s US CPI release, gold showed a clear pullback.
The reason is simple:
CPI higher than expected → market raises Fed tightening expectations → US Treasury yields rise → gold faces short-term pressure.
But my view is:
Short-term negative factors are valid, but this does not mean the medium- to long-term trend has changed. US September CPI and core CPI both came in higher than market expectations, indicating inflation has not been suppressed.
With high inflation, the Federal Reserve is even less willing to cut interest rates, and the timing of rate cuts may be delayed.
Cooling rate cut expectations → US Treasury yields tend to rise → Risk assets like Bitcoin come under pressure.
Core CPI annual rate at 2.6%, expected 2.5%; monthly rate at 0.3%, expected 0.2%, all exceeding expectations, signaling a rebound in inflation.
The market originally bet that the Fed could cut rates earlier, but this data will weaken rate cut expectations!
After the data release, the market has already started betting on three rate hikes next year. 今天A股这个走法有点不对劲——以前科技股跌，银行一般会出来护盘，今天居然科技银行一起跌，两个都崩，这节奏很不正常。CPI exploded! 3.7%, higher than the expected 3.6%, inflation hasn't come down, and the pressure to raise interest rates is right in the face. Bulls will probably lose sleep tonight.
Interestingly, the positions in BTC and ETH have both decreased before the data release, with big money running ahead. But the long-short ratio hasn't collapsed; $BTC even bounced to 1.42, $ETH to 1.76, and $SOL is the most extreme at 2.68. Bulls are crowded together, funding rates have turned negative, and shorts are starting to work.
My view: The bearish news is obvious, but the market already dropped in advance. Now the biggest fear is long liquidation, especially for SOL where bulls are clustered. One big drop could trigger a chain reaction. Anyway, I’m not betting on direction; I’ll wait for the first spike and crash to finish, then make a move after seeing clearly.
There will definitely be volatility tonight. Don’t hold heavy positions, don’t hold through losses. Will BTC break below 82,000 first or rebound to 84,000?
#US September CPI rose 3.7% year-on-year, core inflation exceeded expectations
#TSMC Q3 revenue hits record high, profit performance to be revealed
#Tesla delivery exceeds expectations, profit recovery becomes the focus Most opinions are watching for BTC to break below 80,000 and retest the 200-day moving average before buyers jump in, but the reality might not be like that. This is just to reassure those bottom-fishing in October to get in calmly. Will it really be like this? That would be oversimplifying the capital game. Since the second candle didn't break below 80,800, it basically signals that the stage bottom is between 79,000 and 80,000. Even with today's big CPI negative news, it didn't break down. Those looking to bottom-fish in October might be disappointed again. $BTC $ETH $SOL #美国9月CPI同比升至3.7%，核心通胀超预期 #BTC现货ETF再度净流出，机构买盘能否回暖？ Satoshi Nakamoto did not have a hardware wallet, nor did he store assets on centralized exchanges.
His bitcoins have been dormant for over a decade, never having been moved.
No expensive dedicated devices, no third-party custody, and no need for regular hardware upgrades.
For long-term holders, the best security solution is not necessarily the most expensive hardware, but rather a key management system that is simple enough, completely isolated, and free of unnecessary operations.US September CPI core inflation exceeded expectations, implying that the Fed's rate cut expectations have cooled again, strengthening the dollar and US Treasury yields, putting pressure on risk assets. Bitcoin and Ethereum are highly likely to follow the US stock market's pressure in the short term and experience a pullback.
However, their reactions will slightly diverge. Bitcoin has relatively stronger resistance to decline due to its "digital gold" narrative still supported amid stagflation concerns. If risk aversion demand rises, $BTC may fall first and then stabilize. $ETH is more sensitive to liquidity; the high interest rate environment suppresses its ecosystem valuation and on-chain activity, so the pullback may be larger.
In the medium term, if inflation stickiness continues, the crypto market will enter a period of volatile digestion, lacking trend-driven upward momentum. But if the data does not change the overall direction of rate cuts, the pullback might instead attract dip buyers. Strategically, short-term focus is on BTC support near $81,000 and ETH near $2,400; breaking below these levels calls for caution. If stabilized, one can wait for the Fed's statement before making moves. Core logic: inflation exceeding expectations = short-term bearish, long-term volatile, BTC relatively resistant, ETH more elastic.
#美国9月CPI同比升至3.7%，核心通胀超预期 Yesterday it was still doubling, today it got hammered
$NEAR 5.03, down about 15%, yesterday it was still doubling, today it got hammered. On Monday it was the strongest asset in the market, up 118% in a month, leading the whole sector higher, but in one day it dropped from 5.6 to 5.0. This is the two sides of a strong stock: when it rises, money chases it; when it falls, profit-taking runs faster than anyone else. Its fundamentals haven't broken, but short-term sentiment is bad. The probability of a rate hike in October has surged to 53.7% following the CPI blowout. Bears can sleep easy, bulls should set their stop losses and alarms, and check their positions periodically. If the positions are gone, then you can rest assured.
My guess for the upcoming scenario is that tomorrow night’s PPI will likely push the probability even higher, triggering a wave of panic. Finally, at the FOMC meeting on October 28, the suspense will hover around 50%, but no rate hike will be made. After all, the midterm elections are coming up in November, so they need to save face. However, the pressure will shift to December, then to January 2027. The Fed folks always have this kind of attitude. #美国9月CPI同比升至3.7%，核心通胀超预期 CPI dropped in less than 2 hours.
The first wave of movement will be pure noise, either up or down.
No one knows which way it will go, so I don't trade this candle.
Zooming out: In the past 4 CPI reports, $BTC has risen at least 7% within a few days after each release.
Plus, Bitcoin is currently at HTF support levels, so I think reaching $90,000 before November is very likely. $ETH long position, 100x leverage, opening price 2578, mark price 2500, floating loss -303%. ZHIPU is even worse, 10x leverage long, already dropped to -190%, liquidation price 42.44, just one step away from the current price. Combined margin of the two positions is less than 44U, lost 110U.
This is the cost of betting on data.
Going full leverage long before data release is like putting your life in the hands of a single candlestick. If ETH drops another 2.5%, this position will be wiped out; if ZHIPU drops another 22%, liquidation occurs. And that early morning spike often happens within seconds after the data release.
The most ironic thing: tonight's core CPI month-over-month is 0.2%, clearly positive news. But the 100x leveraged long position was already swept out during the volatility before the positive news was realized.
Right direction, wrong leverage, still dead.
Three painful lessons:
1. Before data events, reduce leverage to below 5x or simply stay out and wait for results;
2. ETH 100x leverage with liquidation price less than $380 from current price, that’s not trading, that’s buying a lottery ticket;
3. Floating loss of -300% means margin is almost wiped out, don’t add positions, don’t hold on, liquidation won’t reason with you. $ETH Funding rates have "spoken" in advance
Before the 8:30 PM CPI release tonight, the rates have already given a signal. BTC shows slight positive values on both platforms (0.0039%, 0.0035%), with neither bulls nor bears daring to take heavy positions—support at 82,500 is repeatedly tested but not broken, and it can't break above 84,000; it is waiting for a signal.
ETH shows divergence: Platform B's current rate has turned negative (-0.0043%), indicating bears are starting to pay and short demand is rising; Platform A's cumulative rate remains positive (0.0082%). Half the market bets on a rebound, half on continued weakness, driven by ongoing net outflows from spot ETFs and institutional interest clearly weaker than BTC. The divergence itself is a signal—ETH has the weakest directional sense and is most vulnerable to being caught off guard by data.
SOL's cumulative rate is 0.0163% but the real-time rate has dropped sharply to 0.0033%; longs are pulling back quickly: those who were previously long are closing positions, with the price retreating from the high to around 107, and bulls lack the courage to add more.
In summary: $BTC is balanced awaiting data, $ETH is in a divergent battle, $SOL bulls are retreating.
The bigger picture is tighter: ETFs saw a net outflow of 679 million last week, ETH outflow was 542 million; the US dollar index is at an 18-month high, and the 10-year US Treasury yield exceeds 5.2%. Weak funding rates + capital outflows + macro uncertainty, a triple overlay—the market is not unwilling to move, it dares not move.
#US September CPI year-on-year rose to 3.7%, core inflation exceeded expectations Bitcoin miners are about to face a difficulty increase.
Around October 16, the difficulty is expected to rise by 5.68%.
Sounds like not much.
But it has a more direct consequence: with the same hash power, the amount of money mined will decrease by 5.37%.
Here’s how the 5.37% comes about.
There’s something called hashprice, which means how much you can earn per unit of hash power per day.
Right now, that number is 39.77 USD.
When difficulty rises, the same machine mining for the same day will mine fewer coins.
Income will drop first.
The key is this number hasn’t deducted electricity costs yet.
So whether mining is truly profitable depends on two things: how much you earn and how much electricity costs.
Old miners with cheap electricity can still hold on.
New miners with expensive electricity are in danger.
Here’s a calculation:
For machines with efficiency of 20 joules per terahash, at 8 cents per kWh electricity price, electricity costs alone wipe out profits.
In other words, it’s not that mining less causes losses, but that electricity costs exceed mining revenue.
So why is the difficulty suddenly adjusted?
Bitcoin automatically adjusts difficulty every 2016 blocks, aiming for an average of one block every ten minutes.
Because total hash power is increasing, blocks are found faster, so difficulty must rise accordingly.
That’s also why it’s "expected" now, not "confirmed."
There are still over 300 blocks before the adjustment; during this time, price, hash power, and costs may change.
The real watershed isn’t difficulty, it’s electricity price.
Miners with cheap electricity are expanding their machines.
Miners with expensive electricity are already shutting down.The US stock market opened on October 14 with all three major indexes opening lower. The Dow fell 0.19%, the S&P dropped 0.48%, and the Nasdaq was the worst, down 0.65%.
The reason is simple: the recent CPI data was too strong, with inflation higher than expected. The market is now starting to bet that the Federal Reserve will raise interest rates again in October. US Treasury yields surged directly to 5.26%, the dollar is also rising, and gold has fallen below 4100. Money has become more expensive, so stocks naturally fall; the logic is that straightforward.
For Bitcoin, with the US stock market opening in the red, the crypto market is unlikely to independently turn green in the short term. The 827 threshold has already been broken, and now it depends on how the US stock market performs in the first half hour after opening—
If the Nasdaq continues to widen its losses, Bitcoin is very likely to fail to hold the 82000-81500 range, and the next support to watch is 80000. If the Nasdaq opens lower but can pull back, and US Treasury yields fall back from 5.26%, Bitcoin will have a chance to fake a breakout and rebound to 82800-83400. When US stocks fall, Bitcoin is unlikely to stand alone.
$BTC $ETH #US September CPI year-on-year rose to 3.7%, core inflation exceeded expectations $BTC today will be a highly volatile day.
Obviously, due to CPI data being higher than expected, risk assets are temporarily being sold off.
Now we see positions being rebuilt, many of which are shorts. Of course, this does not necessarily mean these shorts will be squeezed, but usually, this leads to increased volatility for the rest of the day.
Short squeezes become interesting when reclaiming $83K+, which is roughly the average entry price of these positions.
So please keep a close eye on that area. Big Brother Maji has injected margin into his $ETH long position again, forcibly pushing the liquidation price down from 2481 to 2395. He's determined to be an "undying bull."
In seven days, he lost 11.27 million USD. Every time there's a crash, you can see Maji taking the hit. The most absurd part is this roller coaster: this morning, his account still had a profit of 5.46 million USD, but now the entire account only has 562,000 left.
However, this level of volatility is routine for him. With this margin top-up, he only gained about a 100 USD buffer. But ETH's current price is hovering around 2500, with 25x leverage and a 13.65K ETH position, so he's still only about 100 USD away from liquidation.
Even worse is the net value shrinkage: as BTC and ETH both dropped more than 5% in a day, the net value of his long positions fell from 12 million yesterday straight down to 2 million now, losing 10 million in just over a day.
Moreover, his HYPE, PUMP, and BTC long positions were all stopped out two hours ago, leaving only this ETH long position. Unfortunately, this one isn't safe either, with a liquidation price of 2471, just 40 dollars away from the current price of 2500. In plain terms, adding margin is like pouring water into a leaking bucket. He's not waiting for a rebound. He's waiting for a "no liquidation" miracle. The more he tops up, the more it shows he refuses to admit defeat; the more he tops up, the closer he actually is to liquidation.