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According to Farside data and Blockcast's report today: On October 30, there was a net outflow of $643.2 million, marking the largest single-day withdrawal since June 25. On November 2, another $398.6 million flowed out, totaling $1.0418 billion over two days. BlackRock IBIT is the main force: on November 2 alone, it withdrew $405.3 million, totaling $639 million over two days, accounting for 61.3% of the total. Interestingly, Fidelity FBTC had a net inflow of $6.7 million on the same day, showing internal institutional divergence. CoinGecko real-time prices: BTC $76,766, down 1.67% in 24 hours. ETH $2,255.89, down 1.23%; SOL $92.03, down 2.36%. The aftermath of Binance's $6.3 billion hack is still ongoing, and today is the US midterm election, so risk sentiment will only tighten further. I think before ETF funds turn positive, don't mistake every rebound for a reversal. Key levels: reclaiming $77,000 above is considered stopping the bleeding, holding $76,000 below; closing below $76,000 with continued ETF net outflows invalidates this round of analysis. Not giving trading advice, just one sentence: right now, it's not about courage, it's about position sizing. Which side are you on: is this institutions hedging before the election, or the start of a new round of decline? $BTC $ETH $SOL #Bitcoin #ETFFundFlows On Monday, there was a large-scale outflow of funds from Binance; but today, Binance's net inflow reached $2.3 billion, making it the strongest performer among major exchanges.
However, it is worth noting that $BTC is still hovering around $77,100, and in the past 24 hours, $85 million worth of long positions have been liquidated.
Funds are flowing back into exchanges, but the capital truly willing to enter and buy seems not to have returned yet.
📉 Key levels:
* Current price: $77,100
* Key resistance: $78,800
* Support below: $76,400
As long as BTC cannot effectively break through and hold above $78,800, I believe the price may retest $76,400 again.
The core question is: Is the inflow of funds into exchanges really enough to drive a price reversal?
Fund inflow does not equal increased buying pressure; a true trend reversal still requires volume and sustained buying demand to confirm.
Do not blindly bottom-fish; wait for the market to give signals. DYOR! 🔥ETH has positive news, but the price does not rise; this is the most alarming signal! The Ethereum Foundation announced a proof of concept, which is a step forward for ecosystem development in the long term, but short-term funds have not shown strong buying interest. Positive news cannot directly translate into upward momentum; ultimately, it depends on whether trading volume and price confirm it.
📊 From the 4-hour chart, ETH has fallen steadily from 2526, with clear moving average resistance. It cannot hold near 2300 during rebounds and then falls back to around 2250. Although MACD shows a crossover at a low level, the momentum is not strong; until the red bars significantly expand, it cannot be considered a confirmed reversal.
💡 I value trading discipline more: when the market is uncertain, take some profits first. The 1291% return shown in the position screenshot is eye-catching, but more meaningful are the realized profits of 14.24U and the operation of closing half the position. The remaining 0.05 ETH as a base position can continue to be observed, but the liquidation price does not mean no risk; sharp price fluctuations and margin changes must be considered.
📉 Next, focus on the previous low at 2174. If it breaks down effectively, bears may seek further support, and the 2000 area will also become a market focus; if it climbs back above 2300 with volume, there is a chance to improve the short-term structure.
⚠️ Tonight, do not chase positive news or blindly add positions; first, watch the market for answers. Will you choose to take profits in batches or continue holding to wait for a rebound? #美国中期选举在即，哪些结果值得关注？ Over 1 billion withdrawn from ETFs in two days, I only believe half of this rebound 💸
This ETF account is cooling off, but it needs to be viewed separately, not lumped together.
First, $BTC. A single-day net outflow of $398.6 million, the scary part is that IBIT alone withdrew $405.3 million, more than the total. The rest of the firms combined are still putting money in, so the selling pressure is concentrated in one place, not a full-scale institutional exit.
$ETH is the real trouble. Another $139.7 million outflow in one day, the sixth consecutive trading day of outflows, with ETHA alone carrying $138.3 million. Retail investors hope for a reversal, but institutions are voting with their feet. I can’t ignore this gap.
SOL’s net flow that day was zero, with about $71.6 million withdrawn over the previous five days. Stopping is good, but zero is zero, not a sign of buying back. Consider it a brake, not an accelerator.
$ZEC has no spot ETF support, all funds are in leveraged positions, and today it was the heaviest loser again. Without financial backing, it’s always the first to shake when the market wobbles.
On the news front, JOLTS data is due tonight at 11 PM, expected between 7.1 million and 7.22 million, and midterm election results will gradually come out tomorrow morning. Institutions are closing positions before the data, half as a hedge, not entirely bearish. But $ETH leaking for six days straight can’t be explained by avoiding one day of data.
Going forward, I’ll grade the signals: first see if IBIT stops the outflow, then if $ETH’s continuous leak stops, and if both stop and SOL shows net inflow again, only then will I acknowledge funds turning back. Until then, just watch the rebound, don’t act. Do you think this is a hedge or a real withdrawal? 🤔$SNDK Now it's obvious what the intention was just now, right? You got caught by this bull trap again?
Earlier, Taozi also mentioned several core reasons and conditions that need to be met for a bottoming rebound, and it's clear that they are not met.
First, it was said that it needs to break through 1120 and hold steady; second, the overall market needs to pull back while SanDisk does not follow the decline. Only then can an uptrend be considered started! Look at the current contract funds, and you'll see net outflows at every time period.
Clearly, neither condition is met. So, just let friends enter short positions. For take profit and stop loss, you can consult Taozi!
#PalantirAfterHoursDown3%RevenueExceeds$2B #USOctoberNonFarmPayrollsReleased: Is There Still a Chance for Rate Cuts? Will the US midterm elections become a turning point for the next phase of the US stock market?
Today is the US midterm election day. What’s worth paying attention to is not just whether the Republican Party can maintain control of Congress, but more importantly, what changes it might bring to the AI industry and tech stocks.
Currently, the market is mainly focused on three aspects:
1. Changes in congressional control
If the Democratic Party gains more seats, regulatory scrutiny on large tech companies may intensify, especially concerning AI companies, data center construction, and energy consumption issues.
If the Republican Party continues to control Congress, the continuity of existing policy directions is more likely.
2. Will the AI industry be affected?
This is the part I’m most concerned about.
In the past two years, AI computing power demand has driven growth in GPUs, HBM, DRAM, and enterprise-grade SSDs.
But now the market is starting to focus on another question:
With so much investment poured into AI companies, will they be able to achieve sufficient commercial returns in the future?
If future regulatory policies impact data center construction, or if large tech companies begin to slow down capital expenditures, the entire semiconductor supply chain could be affected.
3. What impact will this have on Micron, SanDisk, and SOXL?
I believe it’s too simplistic to directly equate election results with semiconductor stock price movements.
What truly determines the future profitability of Micron and SanDisk are AI demand, storage prices, orders, and corporate capital expenditures.
#美国中期选举在即，哪些结果值得关注？ You can move your coins without the private key: $ARB's case is bigger than the $30 million itself
In the Binance hack case, $ARB did something that was only theoretical before: the security committee transferred funds from the hacker's address without having the hacker's private key—8,425 $ETH plus 74 million $ARB, about $30 million.
The method was like this: the 12-person committee can emergency upgrade with 9 approvals. On Friday, they temporarily changed the $ARB cross-chain mailbox contract code, adding a function called sendUnsignedTransactionOverride, which made the chain treat these two transactions as if sent by the hacker themselves. After transferring the funds to a custody address ending in 0DA0, the original code was immediately restored, and the whole process was made public within an hour and a half.
To be clear: this $30 million is just a drop compared to $6.3 billion, and the money is only being held in custody. To move it, a $ARB DAO vote is required; it hasn't been returned to Binance or users.
The painful part is the latter: the security company's original statement that only the key holder can move funds from an address only holds until someone controls the upgrade path. The same method was used in April to transfer 30,766 $ETH from the KelpDAO hacker, about $71 million. This is the second time.
Recovering stolen funds is good, but the cost is obvious: if you can save stolen money, you can move funds from any address. The decentralization banner was torn open by insiders today.#苹果Q4营收超预期，下季度毛利率指引承压 ⚠️ “Next quarter gross margin guidance under pressure” is a bearish point (also the main reason for the after-hours decline)
Apple's own forecast for the December holiday season (Fiscal Q1):
• Gross margin expected at 45%~46%, about 2 points lower quarter-on-quarter, below previous market expectations
• Two main reasons:
1. Price increase of memory/storage chips (Apple CFO emphasized, low-priced inventory is running out quickly, next purchases will be at higher prices)
2. Siri AI launch, continuously increasing cloud computing costs, eating into profits
• Although revenue guidance also shows 7%-10% growth (not bad), the market focuses more on profit margin: meaning more sales, but less profit per unit sold
In simple terms
This quarter sold better than expected and made money; but the upcoming Christmas peak season, with rising raw material + AI costs, will compress profit margins, so funds are cautious, leading to after-hours stock price decline. Regarding the US accusations about Binance-related funds being stolen, the involved parties have denied the claims and view this matter alongside the previous Bybit incident, considering such accusations as a form of pressure. A key point in this statement is the shift of focus from identifying the perpetrators to issues of asset recovery ownership and regulation. It was proposed that if the recovered crypto assets are incorporated into the national strategic reserves, the beneficiaries of the confiscated assets deserve scrutiny. BNB ($BNB) and Bitcoin ($BTC) are directly affected by such exchange security rumors. Among them, $BNB is closely tied to the platform's operational status, making it the most straightforward market indicator for this matter; while $BTC, as the most liquid asset in the entire sector, often absorbs the market's risk-off selling sentiment whenever exchange security news intensifies. Large-scale exchange asset security incidents have occurred for two consecutive years. After each event, differing statements from various parties reveal that the attribution of asset theft has become entangled with complex external geopolitical factors. Stolen crypto assets often circulate through mixers and over-the-counter channels, with a low recovery rate. Public statements sometimes have a greater impact than on-chain forensic evidence. There is also a procedural issue to clarify here: if the recovered crypto assets are to become sovereign reserves, an independent and verifiable asset transfer ledger is required, covering the entire process from seizure to custody. Without this publicly accessible record, market pricing sentiment for $BNB and $BTC after each exchange theft incident is more likely to be driven by external declarations rather than concrete on-chain evidence.Currently, the volume of short liquidations exceeds that of long liquidations by approximately a 2:1 ratio, but the price still seems likely to dip further.
If the price falls to $74,000, it will trigger an additional $5 billion in long liquidations.
However, beyond that, there is almost no liquidity below.The AI computing power project Akash is moving to Solana.
The Akash community has just passed a chain migration proposal: planning to migrate from its own Cosmos chain to Solana, and AKT will also launch a Solana version.
The project team gave a very practical reason: spending less effort maintaining a chain while being closer to more users, capital, and ecosystem applications.
However, passing the vote does not mean the move is complete. According to the current plan, it still needs to go through audits, migration rehearsals, and subsequent votes, and the actual switch time is not yet determined.
I think this is quite representative: projects used to always want to build their own chain, as if having a chain meant prestige; now they might have to first calculate where their users really are.
Is having your own chain more important, or is it more important that the product actually has users? Akash chose the latter this time. On November 2nd, an address (t1JJnA) spent $3.8 million to buy 3,052 $ZEC spot coins at an average price of 1250. At the same time, they also opened a 2x long position of 8,000 $ZEC contracts, worth $10.16 million. Spot plus contracts, they spent nearly $14 million in total. The ZEC NU7 mainnet upgrade is scheduled for November 5th, reducing block time from 75 seconds directly to 25 seconds, but instead of waiting for the upgrade to go live, they positioned themselves three days in advance. The $SPCX has dropped so much, is it time to buy the dip?
Before buying the dip, you need to understand why it dropped. Only when the cause of the drop is resolved can it possibly rise!
The owner of the rocket company is Musk, and Musk is deeply tied to Trump.
If the Democrats take both houses this time, even if Trump remains in office, he will become a puppet president, and many policies will be impossible to push through.
As Musk is his closest confidant, he will definitely face a wave of purges, and his companies $TSLA Tesla and the rocket company will be affected.
The recent continuous drop in the rocket company’s stock is because big investors have seen this risk.
Don’t just think about buying the dip because the price is cheap. This knife hasn’t fallen yet. Let’s wait and watch, and talk after the election results are out and the risk is released!The USDT price may stabilize in the short term and not continue to decline. The central bank announced today that starting from November 15, the foreign exchange deposit reserve ratio will be raised from 4% to 6%, an increase of 2 percentage points. This is the first increase in nearly 5 years, timed just after the RMB broke above 6.65, reaching a new high in over four years. The central bank's main intention this time is to cool down the rapid appreciation of the RMB.🔥The bears failed to slam the door shut at 76000 this time! BTC was hit by a stolen coin incident, causing short-term panic to clearly intensify. The price dipped near 76500 but did not continue to collapse; instead, it rebounded. The most interesting part of the market is here: the negative news has already been released, but the price has not given a definitive answer of a complete breakdown.
🧭This does not mean the risk is gone. Currently, BTC seems to be in a tug-of-war around 77000, with buying support but not yet strong momentum. Whether the funds that sold in panic earlier are willing to re-enter is the key to how far the rebound can go.
📈Looking at the futures market, long positions exceed shorts, and the funding rate remains positive during declines, indicating many traders still expect a rebound and are willing to buy on dips. But don’t interpret this signal as a guaranteed rise: the more concentrated the longs, the easier it is for a chain liquidation to occur if support breaks.
🎯Next, watch the 76500 and 77000 levels closely. If 76500 holds and the price regains 77000 with volume, there is a chance to challenge 79100—80000; if 76500 is effectively broken, reassess the short-term structure and don’t stubbornly hold on. Next week’s market may provide direction, but the real opportunity comes from confirmation, not speculation. Do you think BTC can reclaim 79000? #美国中期选举在即，哪些结果值得关注？ Last week's crypto thefts
Binance: about $6.3 billion
Brazil's largest exchange Mercado Bitcoin: about $40 million
A European institution exposed by ZachXBT: suspected $106 million
Big exchanges lose big money, small exchanges lose small money.
The only stash no one dares touch is the 18,270 BTC in the hackers' hands, spread across 19 addresses, still untouched today.
At 76,600 per BTC, that's about $1.4 billion in sell-off chips, equivalent to 2 to 3 times the recent single-day ETF net outflow ($400 million to $600 million).
If these over 18,000 BTC start to be sold off, will Bitcoin be drenched in blood?$BTC's total market volume surged 39% today, while market cap dropped 1.44%. What does this mean? It means far more people are selling than buying today. Of the 5.3 billion BTC trading volume, half is quietly being offloaded by whales, and the other half is retail investors bottom-fishing—only to get trapped together. Ethereum is even more amusing, down 0.42% at 2262, pretending to resist the drop, but Bitcoin's market dominance is already 59.84%, indicating funds are frantically flowing back from altcoins and Ethereum into BTC for safety. Ethereum has become the "abandoned middle layer"—rising with the market and leading the fall when it drops. Today's market sends one clear signal: before the non-farm payrolls release, whoever pumps the market is the bag holder. The big players are waiting for the non-farm data to create a deep pit to scoop up cheap chips, while retail investors are waiting for a rally to break even—both sides are waiting, but the big players hold the guns, and you only have faith. $BTC closed October down 7.32%, but November brings a different historical perspective. BTC has an average November return of +34.95%, which makes this month interesting to watch.
Of course, history doesn't guarantee another rally. Market sentiment, liquidity, and buying pressure still matter. I'm curious to see whether Bitcoin can regain momentum or surprise everyone again. No need to rush. Let's watch how the market unfolds.
#AppleQ4MarginPressure $ETH hurry up and rise, I still want to short
It hasn't bottomed out yet, don't bottom fish too early
Looking at the past two days, good news doesn't seem to work much
Apple beat expectations but still fell, SanDisk too
$AAPL
Apple revenue $114.4 billion, earnings per share $2.10, both better than expected
iPhone sales up 17%
But after hours it dropped nearly 3%
The problem is next quarter, memory prices rising, gross margin will go down
$SNDK
On the other hand, the memory partner said NAND price increases have clearly slowed
Dropped 5% again on Monday
Buying the same memory calls it expensive, sellers complain the rise isn't fast enough
Google
Issued €6 billion in bonds, orders exceeded €17 billion
Many lent it money, stock is still digesting AI burn
Same in crypto
BTC spot ETF outflows nearly $400 million on Monday
ETH ETF outflows for six consecutive days
That's why I say it hasn't bottomed out yet
Friday night 9:30 PM Nonfarm Payrolls
US officials anonymously said US military struck Iranian targets in the Hormuz Strait, White House hasn't disclosed
This week won't be boring
Just my personal opinion
#美国10月非农前瞻：就业增长或牵动12月加息预期 #US midterm elections are approaching, which results are worth paying attention to? $ETH $BTC
ETH November: Will it hold 2200, will it hit 3000?
My view is just two points: whether the 2200 defense line is stable, and whether the long position leverage has been cleared.
The current price is around 2250, sticking close to 2200, the 200-day moving average is at 2158. If it really breaks below 2200, the next support is 2020—2055. The long-short ratio is 2.09, longs are still holding strong, not cleared yet. ETF has had net outflows for 6 consecutive days, yesterday another 140 million ran off, this is real selling pressure. Fusaka upgrade is a long-term trump card, but it can't save the short term.
What do you think about this? Leave a comment Midterm election voting day, BTC oscillates around 76,700, spot ETFs just recorded a single-day net outflow of $643 million, the largest since June 25, wiping out 63.6% of the net inflow for the year.
$BTC: 76,700. On October 30, IBIT outflowed 234 million, FBTC outflowed 201 million, ARKB outflowed 130 million, with no product net inflow that day; on November 2, outflows slowed to 399 million, FBTC turned positive with 6.68 million inflow, IBIT still outflowed 405 million. 76,000–76,600 is short-term support.
$ETH: around 2,250, briefly pierced intraday at a critical point. A whale spent $62.97 million over 5 hours to buy 27,553 coins at an average price of 2,286; the current price has fallen below cost, and a single large holder’s bottoming has not reversed the direction. ETFs have had outflows for 23 consecutive trading days, bleeding 1.607 billion in October; below 2,251 lies $927 million in long liquidations.
$SOL: 91.75, down 3.29%. SOL ETF single-day outflow about $71 million, the largest since launch; whales simultaneously moved SOL to exchanges, while ETH whales are buying the dip.
Midterm election results come out tonight, followed by the nonfarm payrolls on Friday. For these three coins, ETFs are withdrawing, whales are picking, all waiting for the same thing: data to trigger a reason for spot funds to willingly come in themselves.
#PalantirQ3营收增长96%，股价不涨反跌 $PLTR After Palantir's rapid revenue growth, what else does the market demand? Public reports show that Palantir's third-quarter revenue increased by about 96% year-over-year, but high growth does not automatically eliminate valuation risks. Investors will continue to examine whether the expansion of commercial clients, contract-to-revenue conversion, and operating cash flow can be sustained. If order conversion and profit quality hold, the AI commercialization logic becomes more solid; on the contrary, with a high base and expectations, if guidance growth slows or collection quality weakens, valuation may contract first. Key focus is on commercial client retention, contract cycles, and cash collections; one should not directly extrapolate a one-time beat linearly as future growth. For further confirmation, I will separately examine the impact of news shocks, capital flows, and actual usage; only if at least two of these remain aligned over multiple periods will I adjust the medium-term judgment. If only short-term price or a single indicator changes, maintain caution and wait for subsequent data.🔥 The latest election probability is out! Is Trump going to lose badly this time?
The Democrats have a 95% chance of taking the House and a 77% chance of taking the Senate, with expectations of sweeping both chambers significantly rising!
Don't just dismiss it as a probability chart; capital tends to move ahead of time, and the overall market sentiment is very low right now.
Of course, probability does not equal the final result; the votes are not fully counted yet, and uncertainties still exist, so make sure to manage your positions well!
#美国中期选举在即，哪些结果值得关注？ Even Apple can't withstand this wave of price hikes anymore. Is the AI storage frenzy coming to an end?
Did everyone see Apple's Q4 earnings report? Revenue hit 114.5 billion, looks impressive, right? But the gross margin guidance for next quarter took a nosedive, only 45%-46%, below expectations.
Who did Cook blame? Storage chip price increases and AI service costs.
This is really interesting, folks. The whole internet is celebrating, hyping AI storage shortages, DRAM up 90%, SK Hynix profit margins hitting 80%... But think about it, even the world's most profitable Apple is almost drained dry by this "silicon-based inflation"!
If Apple finds it expensive and can't handle it, do you expect those Android phones selling for two or three thousand yuan, or the downstream hardware manufacturers already losing money, to foot the bill? Don't be ridiculous.
Here's the core controversy:
The huge profits in AI storage basically mean they're bleeding the downstream hardware manufacturers dry. When all consumer electronics are squeezed dry and no one can afford to pay, will this super cycle of storage just collapse?
Those still blindly rushing into the storage sector, are you here to feast or to be the bag holder on the mountaintop? Share your thoughts in the comments below 👇
$AAPL #苹果Q4营收超预期，下季度毛利率指引承压 Midterm election results disrupt the market! BTC falls below the 77,000 mark and weakens, ETH clings tightly to the critical 2250 support, ZEC nears a major upgrade but violently plunges 11%!
The market has completely deviated abnormally, with countdown bullish funds fleeing wildly—typical buy on expectations, sell on reality playing out early. Election uncertainty combined with continuous institutional withdrawals, latent risks on the board continue to amplify.
$BTC: around $76,943, down 2.24% in 24h
Officially breaks below the 77,000 defense level, confirming a weak pattern. ETF outflows hit $643 million in a single day, with IBIT alone seeing $234 million outflows, institutions decisively retreating.
Watch the short-term support at 76,300 below; failure to stabilize will lead to further bottom testing. To reverse weakness, it must reclaim 77,500.
$ETH: around $2,254, down 2.50% in 24h
Consistently weak and volatile, struggling at the critical 2250 lifeline. Previous ETF outflows totaled $431 million over 5 consecutive days, long-term pressure on funds.
If 2250 is effectively broken, the next support is at 2200; the heavy resistance at 2300 above is currently unreachable.
$ZEC: around $1,139, plunges 11.03%
The most outrageous market! Only 2 days left until the NU7 mainnet upgrade, a major bullish event that triples block speed, yet it faces a sharp sell-off.
The market has prematurely priced in the good news, concentrated selling pressure released; 1100 is the last defensive line.
#美国10月非农前瞻：就业增长或牵动12月加息预期 $ARB
Arbitrum's biggest challenge is no longer simply demonstrating that Ethereum scaling works. The next stage is turning technical advantages into sustainable economic activity. DeFi liquidity, application retention, developer engagement, and ecosystem revenue all matter. Strong infrastructure does not automatically guarantee token demand, making the relationship between network success and ARB's economic value particularly important.$TAO
Decentralized AI faces a difficult challenge: competing with centralized providers that already have significant computing resources and established customers. Bittensor approaches this differently by coordinating specialized contributors through incentive-driven subnetworks. Its long-term value proposition depends on whether these networks can consistently deliver useful services rather than simply distribute token rewards. Sustainable demand will be the real test.#AppleQ4MarginPressure #AMD STORY
*AMD & Apple Q4 - Same day, opposite story:*
*AAPL (Nov 2):* Beat earnings YES won, but iPhone 18 Pro orders cut 15%. Won last quarter, outlook soft. Stock flat.
*AMD (Nov 3 today):* Expects $13.1B, Helios rack just started shipping. Real test is Q4 guide, not Q3.
Apple = Past win, future doubt.
AMD = Past hope, future must prove.
Both need to show next quarter, not last.$KAS
Kaspa's biggest challenge is turning its technical architecture into sustained economic activity. Its BlockDAG design offers a different approach to transaction processing, but technological differentiation alone does not guarantee long-term demand. Network usage, miner economics, and the development of applications will ultimately determine whether its ecosystem can mature beyond its payment-focused foundations.The storage sector was hammered through this line yesterday, and it was bought back again before the market opened today. Two different valuations for the same sector in two days; I'm more concerned about the reasons for the buyback.
Goldman's research report anchored next year: NAND contract prices still have about 30% room, Kioxia's capacity is already booked through the year after next, and the supply side tightness has not eased. Apple's lowered gross margin guidance just proved the upstream bargaining power again; its cost pressure is the storage manufacturers' profit. Last night, the Philadelphia Semiconductor Index lost more than three points, dragging even the most resilient stocks down together. This pre-market move looks more like a recovery, not a new logic.
$xSNDK Yesterday's six-point bearish candle has now only recovered less than one-third. I won't replenish the position I reduced; I'll wait until the price stands back above the gap before considering it.
$xMU The most volatile, tracking US stocks during the day and tokens at night. The price spread between the two markets is even wider than the underlying stock. Short-term trading it requires paying an extra layer of friction cost; I'm going mid-term.
$xSKHY The most awkward; Korean stocks fell nearly five points this morning, while US stocks rose about one point pre-market. The conflicting valuations on both sides mean I'll keep the base position and see who wins.
The conclusion of tight supply hasn't changed; what has changed is who can withstand this intermediate volatility.$COMP
Compound's strength lies in a relatively straightforward DeFi proposition: supplying assets and borrowing against collateral. Yet a lending protocol's reputation is only one part of its competitive position. Borrowing demand, capital efficiency, liquidation performance, and the incentives offered to suppliers all influence sustainable growth. If incentives weaken, organic demand becomes a much more revealing measure of protocol health.On October 14, I posted a $TRUTH with the title "I didn't buy a penny." Today it dropped from 0.0240 back to 0.0164, giving back 87% of the +57.8% gain in two days. What I want to review is not the price, but three numbers.
1. OKX has no $TRUTH spot pairs; among 1210 spot trading pairs, not a single one exists. You can only trade perpetuals. According to CoinGecko, the entire market's 24-hour volume is 2.7 million USD, while OKX's single perpetual contract volume is 4.86 million USD.
2. At 19:00, the order book had less than 4000 USD on the buy side across 20 levels, and less than 3000 USD on the sell side; the best bid was only about 80 USD. A 500 USD market order to exit would have to eat through three to four levels.
3. Open interest leads price movement. At 08:00, open interest was 1.19 million USD; by 19:00, it dropped to 859,000 USD, a 27.8% decrease. During the same period, the price fell from 0.0202 to 0.0164, a 19.1% drop. The funding rate stayed pinned at the floor price of 0.005% per 4 hours for 15 consecutive periods, with no short squeeze.
I avoided that October wave, and I won’t catch this one either: when there’s no spot anchor, the order book is only in the thousands of USD, and open interest is shrinking, all three conditions together mean the rebound is borrowed.
Have you ever traded on a coin with only perpetuals, or do you just wait for the day spot trading is available? There was an unremarkable piece of news today: H.C. Wainwright reaffirmed its buy rating on Strategy with a target price of $250. Just one number, but behind it lies a complete chain.
It's not an earnings report, nor an announcement of increased holdings, just the sell-side restating their original view. Many people skim past when they see "reaffirmed." But in the crypto treasury stock sector, a reaffirmation itself is information—after last week's volatility, the analyst did not change the model or lower the target price.
Strategy is not an ordinary listed company; its asset side holds a large amount of Bitcoin, and its stock price correlates much more with $BTC than with Nasdaq. Its rating is essentially an indirect statement on the mid-term price of $BTC. A $250 target price means: according to the current model, the value of the coins the company holds plus its financing structure supports this valuation.
The mechanism is here. Its position expansion relies not on operating cash flow but on issuing shares, bonds, and preferred stock. Whether this path can succeed depends on whether the market is willing to pay a premium. If there is a premium, financing costs are low, and there is enough ammunition to buy coins; if the premium collapses, the same operation becomes dilution.
So the focus is not on MSTR's stock price but on the demand side of $BTC. Treasury companies have been the most stable part of the spot buying over the past two years, and how loose their hands are directly affects marginal buying.
Leaving a question worth pondering: the target price is a twelve-month expectation, not today's price. In today's midterm elections, Bitcoin $BTC has declined three times in a row; will this be the fourth?
Today, November 3rd, the American public will vote to decide control of Congress. According to analysts, Bitcoin has rebounded after recent midterm elections, with the intervals between the two rebounds being 71 days (2014), 39 days (2018), and 13 days (2022). Ali Martinez warned that Bitcoin's price could pull back 30% to around $57,000, while the market widely predicts that the Democrats are very likely to win control of the House.
These three data points do not prove the existence of any pattern, and this pattern coincides with the four-year halving cycle, making it difficult to consider political factors independently. Bitcoin's price has been resisted four times in the $76,000 to $76,600 range and is currently still above the 200-day moving average.
Do you think Congress will change or remain the same? FIL Issuance Fell 75%. So Why Is Price Down? FIL is trading near $0.86, about 25% below its October 15 level of $1.16. Market cap is about $730M, and the coin is still more than 99% below its all-time high. A big supply cut and a major upgrade both landed in October, but the price went the other way. LATEST NEWS AND EVENTS - On October 15, the six-year vesting schedule for Protocol Labs and the Filecoin Foundation ended. Yearly new FIL dropped from about 89M to about 21M, a cut of roughly 75%. -⚠️ Market weakness fully exposed! The rhythm of the three coins completely collapsed
$BTC $ETH $SOL
The real culprit of this round of decline
Institutional funds continuously fleeing
No incremental buying on the market at all
BTC｜Tugging in the 76500 range
Throughout the decline, fees remained positive
Bulls continuously dominant, actively buying on the pullback
But buying is extremely weak, only a tug of war between bulls and bears
Key rhythm
Hold above 76500 → test 79100-80000
Break support → this round's rebound logic directly fails
SOL｜Officially breaking down and weakening
Breaking below the key support at 95, weakening in sync with ETH
Fortunately, no extreme panic
No repeat of the single-day 8.1% plunge on October 30
Selling pressure temporarily eased, entering low-level oscillation and grinding
ETH｜2250 level analysis
Binance perpetual
Buy volume 56.28 million｜Sell volume 54.77 million
Buy volume exceeds sell by 1.5 million
Coinbase spot also has buy volume thicker than sell volume
But overall market volume is smaller
Once a large abnormal movement occurs
Thin market exchanges will fluctuate first, making the market more sensitive
Overall market weakness hard to change
Rebounds without increment are all just range tugs
If you find this review useful, please like!
Press 1 if holding, press 2 if breaking down
Market observation only, not investment advice
#美国中期选举在即，哪些结果值得关注？ The earnings report hasn't been released yet, but the stock price has already dropped 6%. The market doesn't doubt Palantir's ability to grow; it doubts that it can "grow enough to justify a 91x price-to-sales ratio."
Revenue is expected to be 2.18 billion, with a growth rate of 85%; EPS is expected to jump from 0.21 to 0.41, nearly doubling. These are explosive numbers for any software company. But Palantir's valuation is at a 91x price-to-sales ratio, twice its own median over the past decade. Morgan Stanley puts it bluntly: the current stock price corresponds to about 70x free cash flow in 2027, and the optimistic assumptions are basically priced in, with a base target price of $205, leaving little room from the current price.
So the real test of this earnings report isn't "good or bad," but "whether it's enough to push the full-year guidance higher again." The company's own Q3 guidance is 2.16 billion, already below market consensus, so beating expectations and raising guidance has almost become a necessary condition to prevent the stock price from collapsing. U.S. commercial revenue surged 149% last quarter; with this higher base, maintaining 140% growth would be considered positive.
In short, for a company growing at 85%, just delivering "impressive but in line with expectations" is not enough against a 91x PS ratio. Morgan Stanley gives a neutral rating, saying "a pullback is a better entry point"—to translate: the product is good, but at this price, it's hard to buy.
#Palantir财报前瞻：高增长能否支撑高估值 $SNDK bears remain strong!!!
The midterm election results are out, and the trend has directly changed.
Originally, the market was hoping for strong follow-up subsidies, generous spending, and an earlier interest rate cut. Now it seems that money is not so easy to approve, subsidy pace will slow down, inflation shows signs of rising again, and interest rate cuts are likely to be delayed, with high rates staying longer.
For SanDisk, which previously surged sharply and relied on expectations to support its valuation, this is a heavy blow — valuation will be pushed down first.
On the industry side, the price increase for storage is clearly losing momentum. Previously, NAND prices rose sharply, but now the increase has shrunk significantly. Kioxia, a partner, openly said price hikes are cooling off, and next quarter’s profits will barely grow.
Downstream cloud providers are no longer blindly stocking up; they are starting to press prices and extend procurement cycles. Samsung and SK Hynix are still aggressively expanding production, making the probability of oversupply and price peak and decline in the first half of next year increasingly high. The price hike dividend is almost over.
Looking at SanDisk itself, the performance looks good, but the upcoming revenue guidance falls short of optimistic institutional expectations, and growth is clearly slowing. Gross margin is already high, with basically no room to rise further.
The stock price previously rose up to 41 times, and the good expectations for the next two to three years have long been priced in. Now, as long as things are slightly disappointing, funds will flock to exit.The indestructible dog is the most valuable dog
First, my judgment: The most valuable thing about DOGE is not its hype, but its longevity. It has survived for eleven years, while 90% of the coins born at the same time have gone to the grave. It is still lively and kicking. This kind of "indestructibility" itself is an option that the market has undervalued.
Lindy's Law states very plainly: for something that does not naturally perish, every additional year it lives adds another year to its expected lifespan. This applies to books, technology, and currencies. DOGE was born as a joke, survived three full bull and bear cycles, and outlasted countless challengers claiming to replace it. Eleven years undefeated means it is no longer a game that can end at any moment, but an asset with survival inertia.
The key lies in the compounding of consensus. The longer it lives, the more people know about it, the less exchanges dare to delist it, the more wallets are willing to support it, and the more loyal the community becomes. Once this cycle starts, it’s no longer a price issue, but a presence issue. Like the noodle shop at the neighborhood entrance that has been open for twenty years — it may not have the best taste, but it’s the first thing you think of when you’re hungry late at night.
Adding Elon Musk into the mix, DOGE has an extra variable others don’t: a superstar spokesperson who naturally brings traffic, and even a department named after it to ride the hype. This off-market catalyst is like giving the option free time value.
Of course, longevity doesn’t guarantee a rise; options can expire worthless, and faith coins never spare you from drawdowns.
So my view: don’t just focus on whether $DOGE will surge or not, first acknowledge one thing — a dog that can’t die is already appreciating just by "being alive."How many Bitcoins does Tether actually hold? The boss reported the numbers himself in Lugano.
CEO Paolo Ardoino said the company as a whole holds about 150,000 coins, worth over $11.5 billion.
But only about 100,000 coins can be accounted for in the Q3 report; the remaining 50,000 coins are not in the stablecoin reserves.
He didn’t say where these 50,000 coins are or when they were bought, so this doesn’t mean they newly purchased 50,000 coins.
A stablecoin issuer holding over $100 billion in U.S. Treasuries while also hoarding 150,000 Bitcoins—that’s what they call an independent stack.
#Tether #BTC选举前夜，资金没有离场，而是“缩圈”了。$BTC 在78230附近几乎钉住不动，日内波动率压缩到0.05%——这不是平静，是仓位在投票前主动锁死。 真正值得盯的不是这个数字有多窄，而是资金选择了哪里当避风港。答案很明确：主流币。$NEAR 单日下跌6.35%，altcoin 板块的流动性正在被抽走，钱没有消失，只是从边缘往中心撤。这种“留在主币、清掉山寨”的动作，比价格信号来得更早，也更诚实。 市场习惯把选举当成一个方向性催化剂，但这次资金给出的解读是另一套逻辑：不确定性本身才是要规避的对象，而不是某个候选人。所以仓位调整发生在开票之前，而不是之后。这意味着一旦结果落地，真正的波动可能不是“选谁”，而是“锁住的仓位往哪边解锁”。 $BTC 的两个价位构成了当前静态格局的边界：上方80000，下方77620。任何一侧被有效突破，眼下的低波动均衡就会失效，altcoin 的止损位也需要重新校准。这不是预测方向，而是标记状态切换的触发条件。$ETH 和 $SOL 同样处在这个框架里——它们跟随的是主流资金的风险偏好，而不是独立叙事。 多数人盯着选举结果找答案，但资金已经用行动给出了更早的信号$IRYS
The funding rate for IRYS is -0.0813%, settled every eight hours. This translates to an annualized negative 89%.
Usually, no one pays attention to this, but it gets interesting when combined with the price: it rose from 0.0209 to 0.02326, up fourteen points, while shorts are getting hit and still paying to add positions.
Looking at the volume makes it clearer. At 14:00, there were 740,000 contracts in one hour; at 18:00, it surged to 1,390,000 contracts, exactly the highest peak. Now at 0.02199, it has fallen more than five points from the top.
The pool only has 2.44 million USD, with 20.6 million traded in 24 hours, turning over more than eight times a day. It's easy to get in here, but you have to queue to get out.
I’m not touching it. With such a negative funding rate, both longs and shorts are betting on the other side to blink first. The odds look good, but what’s actually being paid is slippage.
I’ve tried chasing rebounds on small caps before, but the profits don’t even cover the fees. I can’t make money on this kind of trade.
#美国中期选举在即，哪些结果值得关注？ #美国10月非农前瞻：就业增长或牵动12月加息预期 Current market opinions are clearly divided on whether the Federal Reserve will raise rates in December; this nonfarm payroll report is a key leading indicator. The Fed is watching inflation stickiness on one hand and the pace of labor market cooling on the other. The stronger the employment resilience, the harder it is for wage pressures to ease, and the more confidence there is for a rate hike.
Focus on three key data points: new jobs added, unemployment rate, and average hourly wage growth. If new jobs significantly exceed expectations and wages rise year-over-year, it will directly increase the probability of a December rate hike, pushing up U.S. Treasury yields and strengthening the dollar, while pressuring U.S. stocks, gold, silver, and crypto assets; if new jobs weaken noticeably and wage growth slows, it will weaken the hawkish stance, and the market will price in a "pause" in rate hikes, giving risk assets a chance to recover.
In a neutral scenario, employment declines moderately and wage growth cools slightly, keeping rate hike expectations in a tug-of-war and increasing market volatility. Pay attention to data revisions; previous downward revisions to employment data often indicate the labor market is actually weaker than it appears.
However, nonfarm payrolls are not the only deciding factor; upcoming core PCE inflation data is crucial, as inflation is the Fed's ultimate red line. Even if employment is strong, if inflation continues to fall, it will constrain rate hikes; conversely, if inflation remains high alongside a hot labor market, a December rate hike is almost certain. Short-term volatility on nonfarm payroll night will be amplified, typical of macro data-driven market moves. $BTC $ETH $SNDK $SOL
Solana's payment data has become too good to ignore, yet the market still doesn't buy it.
I double-checked that KAST line: on-chain card spending reached $141.1 million, setting a record. People are really spending.
But SOL is now at 92.43, down 1.63% in 24 hours, with a low of 90.79. The contract side is even colder, funding rate +0.0023%, settled every eight hours, annualized just over 2%, basically free money. Open interest is $326 million, unchanged throughout the day.
On one side, real money is being spent on cards; on the other, leveraged accounts are lying still. These two groups are not the same.
Payment volume is a slow variable; funding rate is a fast variable. Using the slow one for short-term trading—I’ve suffered that loss—sideways for three days, stop loss gets eaten up, and by the time the real market comes, you’re already off the train.
With the current structure, I’d rather wait for the funding rate to rise and open interest to increase before recognizing it as a market. Otherwise, the data looks good, but the accounts look bad.
#美国中期选举在即，哪些结果值得关注？ Long-short ratio hasn't dropped, but the ones taking the hit have switched to the shorts
$BTC: The rebound first pressures the shorts
Current price 77066.4, 24h down 1.28%, high 78254.5, low 76386. Long-short ratio 2.79 (slightly up from 2.77 four hours ago), open interest 34,130 contracts worth 2.635 billion U. In the last 222 minutes, 100 liquidation orders: longs 9,667 U, shorts 445,000 U.
$ETH: Shorts liquidated the most
Current price 2272.52, 24h down 0.66%, high 2304, low 2237.42. Long-short ratio 2.43 (down from 2.62 four hours ago), open interest 637,422 contracts worth 1.447 billion U. In the last 83 minutes, 100 liquidation orders: longs 0 U, shorts 1.395 million U.
$SOL: Shorts took even more hits
Current price 92.72, 24h down 1.33%, high 94.97, low 90.87. Long-short ratio 3.41 (down from 3.52 four hours ago), open interest 3,527,453 contracts worth 327 million U. In the last 493 minutes, 100 liquidation orders: longs 102,000 U, shorts 162,000 U.
Commentary: The long-short ratios of all three coins are above 2.4, longs have not exited, and this rebound first forced out the short-sellers chasing the market down.
Summary: Long crowding hasn't eased, shorts just took a hit, longs continue to crowd in, and shorts may make a comeback. Watch if 77066 can hold steady.
For record-keeping only, not investment advice.
#美股与金银同步大跌，避险资金流向分化 The meme circle was flooded with a dinner event this week, but prices didn't rise; instead, they fell. DOGE, TRUMP, and PEPE are all retail sentiment thermometers, but there's a huge difference in who has something to catch the fall.
First, look at $DOGE, currently priced at 0.074. The 4-hour long-short ratio has skyrocketed to an unbelievable 5.23. Despite the drop, there's a whole bunch of bulls stubbornly holding on below. This leverage is stacked like a fortress. The main players must be grinning at this data. Without a big bearish candle to completely wipe out these holders, a rally is impossible.
Next, $TRUMP is heavily influenced by the election; it's unstoppable.
Finally, $PEPE, currently at 0.0000047, is the harshest. The funding rate has plunged to negative 0.15%. Bulls have been tormented into submission and are now paying to beg for mercy. The long-short ratio has dropped from the morning's high, indicating many can't hold on and are cutting losses. When panic selling hits, there might be a short-term rebound, but the overall trend remains weak.
Right now, before the main players are fully satisfied, any rebound is a bull trap.
Being out of the market is profit.
#美国中期选举在即，哪些结果值得关注？ Is $ETH affected during the election? #美国中期选举在即，哪些结果值得关注？
The midterm elections mainly affect the pace of crypto regulatory bill progress;
BTC is more influenced by ETF funds and Federal Reserve interest rates, while ETH is more sensitive and more impacted by DeFi, staking, and regulatory details.
👉 Bitcoin (BTC) faces relatively less regulatory pressure, mainly influenced by ETF funds and Fed rate hikes or cuts. Elections mostly cause short-term disturbances and rarely change the big trend.
👉 Ethereum (ETH) experiences greater volatility due to more DeFi and staking activities. If regulations tighten later, ETH will be hit significantly harder than BTC.
⚠️ Key point: If the final voting results are roughly as the market expected, there is a high probability of positive outcomes materializing, followed by a "buy the rumor, sell the fact" pullback.
The real determinants of the coin price direction remain the Federal Reserve interest rates and ETF fund flows; elections are just short-term sentiment catalysts. $BTC $ETH 🔥 The US midterm elections are approaching, and there is a noteworthy cyclical phenomenon hidden in BTC's historical trends!
Looking back at Bitcoin's performance after the past three US midterm elections, an interesting commonality emerges: after the elections conclude, BTC often undergoes a period of adjustment before gradually entering a new upward cycle.
📊 Data from the past three cycles:
📍 2014: Bottomed about 71 days after the election, price around $170, then surged to $20,000, an increase of over 100 times!
📍 2018: Bottomed about 39 days after the election, price around $3,200, then peaked at $64,000, an increase of about 20 times.
📍 2022: Bottomed about 13 days after the election, price around $15,500, then rose to a high of $126,000, an increase of about 8 times.
🚀 What's even more intriguing is the change in bottoming time:
2014: 71 days
2018: 39 days
2022: 13 days
From historical data, the waiting time to bottom in these three cycles has gradually shortened, and each low point was followed by an astonishing rally.
Of course, historical patterns do not guarantee future repetition; market conditions, macro policies, and capital flows will all affect BTC's upcoming performance.
But one thing to ponder:
When market sentiment hits rock bottom, is the next opportunity quietly brewing?
After this US midterm election, will $BTC once again replicate the historical script?
You think #AMD Earnings Preview: HeliosAI System Commercialization Progress
A Word from the Leader
AMD will release its Q3 earnings after the US market closes tonight. This has been discussed before, so I won't repeat it. The focus is on the commercialization of the Instinct chips and Helios system, and whether cloud providers' demand can convert into actual revenue.
Today AMD rose 1.08%, xAMD rose 1.03%. 84% of the community is betting on an earnings beat, with capital positioning ahead of time.
However, I believe the current macro environment is extremely unfavorable for earnings reports. Previously, Palantir's revenue surged 96% but was crushed due to new contract signings falling short of expectations. Google, Meta, and Microsoft have also been hit due to heavy AI capital expenditures and cash flow pressures. Even if AMD's earnings are outstanding, as long as guidance isn't strong enough or macro liquidity tightens further, capital will still use the good news as an opportunity to sell.
Bitcoin is currently fluctuating between 77,000 and 80,000, watching to see if it can hold above 80,000. If it can't hold, expect a deeper pullback, with resistance above at 84,000 to 85,000. Don't chase the rally or panic sell; set your stop losses properly.
The above analysis is time-sensitive; make sure to set your stop losses. Good luck. $BTC $ETH $ZEC “Unrealized gains” were also included in the exit tax proposal. Reading this made me feel uneasy 😰. Paper profits that haven't been cashed out yet might involve tax arrangements, and just thinking about it feels complicated. Fortunately, the French National Assembly has rejected two related amendments, and the 2027 budget revenue section is still under review, with the budget vote postponed.
My judgment is that this rejection alleviates one concern but is not enough for me to use it as a reason to chase the price up. For someone like me who only uses spare money and fears volatility as a salaried worker, having one less potential pressure doesn't mean the policy environment is completely clear, nor does it mean prices will follow the good news.
I won't increase my position temporarily because of this news. My guess is that if the market interprets the “proposal rejection” as a broader policy shift, sentiment might run ahead of reality; if subsequent discussions don't meet expectations, those chasing the news into the market are likely to be tossed around by volatility. The scope and conditions of tax applicability can't be judged by headlines alone.
A safer approach for me is to separate the ongoing budget discussions from my own risk tolerance: keep following the news, keep my emergency fund intact, and don't change my position limits just because of one piece of positive news. If this kind of policy news causes market fluctuations, how much drawdown can your account tolerate while still allowing you to work peacefully?