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Hedge funds have just sold off all AI-related stocks they had bought since early 2025, marking the largest stock drawdown since 2017. This aggressive liquidation comes as investors reassess the sustainability of the AI-driven rally that has dominated the market for over a year. According to major brokerage data, the sell-off focused on large tech stocks and semiconductor shares, which were the main beneficiaries of the AI investment frenzy. This move represents a significant shift in hedge fund positions, as they had been steadily increasing their AI exposure throughout 2025. Is the AI bubble finally bursting? The massive liquidation has raised questions about whether the AI trade has run its course. Several factors are driving this retreat: Valuation concerns: AI stocks have been trading at high multiples, sparking fears of a pullback. Rising interest rates: Expectations of sustained high rates are putting pressure on growth stocks. Profit-taking: Funds may be locking in gains after substantial returns. Forced selling: Margin calls and risk management requirements may be driving outflows. Market analysts are divided on whether this is a healthy correction or the start of a broader downturn. Some believe the AI narrative remains intact with strong long-term fundamentals. Others warn the hype cycle may have peaked. Impact on cryptocurrency and blockchain The AI stock sell-off has had spillover effects on the crypto market, especially for projects intersecting with artificial intelligence. Tokens related to decentralized computing, AI agents, and machine learning are seeing investors reassess riskThis time issue is not CORE mainnet itself, is staking protocol b14g built on Core chain, hacker exploited contract vulnerability, unauthorized transfer about 97 million staked CORE, project team after discovery urgently paused affected contracts, simultaneously started fund tracking: about 68 million still staying on Core chain, exchanges assisted freezing 9 million, remaining already moved by hacker, recovery very difficult. This time blow to CORE believers, completely different from ordinary $SNDK's largest single loss was 14166u, nearly 100,000, with a cumulative loss of over 150,000 in three months. The end of a contract is liquidation; if you don't have talent, really don't play…#AMD财报前瞻：HeliosAI系统商业化进展 The FBI has confirmed that the $6.3 billion attack originated from North Korea's TraderTraitor hacker group. This gang was previously responsible for the $1.5 billion Bybit theft, making them a veteran force in the crypto black market. The hackers are still actively transferring stolen funds; on-chain monitoring shows that within 7 hours, $38 million has been moved out via the Relay cross-chain bridge. Even though Relay has implemented the KYT risk control system, it still failed to block the transactions, causing doubts about the risk control capabilities of cross-chain infrastructure. The security weaknesses of cross-chain bridges have once again been exposed. Binance's response plan is to use half of the SAFU fund to compensate for the losses, while reserving the other half as backup, and they have promised that users will not bear the losses from this theft. Withdrawal channels have also been restored, initially covering 90% of the losses. The whole situation is contradictory: on one hand, the platform is using its security fund to stabilize user confidence; on the other hand, the hackers' money laundering channels are still operational, making cross-chain risk control ineffective. Coupled with the FBI's classification, stronger compliance scrutiny is likely to follow. Such large-scale hacker incidents are not just a crisis for a single platform but will continue to fuel discussions on security and compliance across the entire industry.Today (November 3), polling stations for the U.S. midterm elections are gradually closing, with results to be revealed during the Asian trading session on Wednesday. Bitcoin is stuck in a very delicate position: around $78,000. It has fallen about 6% cumulatively in October, breaking below the trading range since mid-September and hovering near a one-month low; it rebounded about 0.4% on Monday, which stopped the bleeding, but buying interest is clearly cautious. Why is this position delicate? Because the market has to digest three key factors in the coming week. First factor: the election (results tonight) This election directly affects the direction of crypto regulatory legislation—especially the CLARITY Act, which aims to clarify token classification and regulatory jurisdiction for the U.S. crypto market. Given the current congressional makeup, advancing the bill is already difficult; if the Democrats secure a majority, expectations of tighter regulation will immediately suppress risk appetite. Conversely, if the Republicans hold Congress, the narrative of "crypto-friendly legislation continuing" will be repriced. In short: the election results won’t change the fundamentals but will alter the regulatory discount rate. Second factor: liquidity (continued pressure) The Federal Reserve last week kept rates at 3.75%-4.00%, inflation concerns remain, and the market is even betting on further hikes in December. Higher rates for longer mean liquidity for risk assets continues to decline—last week, Bitcoin spot ETFs saw net outflows of about $640 million, clearly showing institutions voting with their feet. In a rate-hiking cycle, crypto asset valuations are anchored not in stories but in the dollar’s risk-free rate. Third factor: risk appetite (swinging back and forth) Last Friday, the Nasdaq 100 dropped 3.5% in a single day, the largest decline since June, with the semiconductor index plunging 7%; but risk assets collectively rebounded during Monday’s Asian session, with U.S. futures up over 0.4%. Gold, after falling below $4,000 last week, rebounded to around $3,910 on Monday; oil prices plunged 3% on signals that Middle East tensions might ease. The entire risk market is waiting for direction. Bitcoin’s 24-hour volatility narrowing essentially means funds are collectively "not deciding" before the results. My view At the $78,000 level, there is a 6% buffer from the October drop downward, but what’s missing upward is clear macro catalysts. The election, nonfarm payrolls, central bank meetings, and tech earnings all concentrate this week, making it one of the most information-dense weeks of the year—the direction is more likely to be hammered out by data than imagined. From an operational perspective, I offer three observation points: - Within 24 hours after the election results are announced, can Bitcoin hold the recent low near $77,000? - Will ETF fund flows turn from outflows to inflows—institutions’ attitudes are more honest than candlesticks? - Friday’s nonfarm payroll data: if the expected 65,000 deviates significantly, both forex and risk assets will move together. The best strategy this week might be to do less. In the noisiest week, the most expensive move is still frequent trading. What’s your take on the election results’ impact on the crypto market? Leave your judgment in the comments. (Personal opinion, not investment advice.) #BTC #MidtermElections #MarketAnalysis #FederalReserveRespect for posting this. Most hide -¥26M losses. You showed it. "The market stays the same, but overtrading kills capital." $SOXL / $SKHY / $xKORU — same price as a few days ago, but 7 entries at same level = fees + slippage + revenge trading = principal gone. Chop is the most expensive teacher. OKX Orbit rule: 1% max per trade, 3 entries max per day, 48h cooldown after 2 losses. Survival > returns. Discipline > conviction. Plan > hopium. #OKX #OKXOrbit #TradingPsychology #SOXL #RiskManage#Reddit plunged nearly 30%, the impact of AI search traffic diversion becomes apparent After an outflow of 3.64 billion, why did the market hold up without crashing? BTC at 78145, with a 1.5% futures gain, pulled up from 76300. Asian capital can be seen stepping in to buy, but it cannot guarantee this force will continue to support the 78000 level. Platform coin at 111 fell back from 113.69; even the release of partnership news failed to boost sentiment. Insurance target at 0.37 only saw 530,000 in transactions; the narrative was completely rejected by capital; user data for the 0.42 variety is trending upward, but the price is stuck, with regulatory risks looming overhead. Open your positions, check the stop-loss lines of your holdings, and confirm that the maximum loss per trade is within your tolerable range. 『【Interactive Question】』Would you prioritize following the market rebound, or focus only on independent narrative small coins? $BTC $OKB $RE $BTC $ZEC $ETH Pattern: Triangular converging oscillation consolidation After a recent surge, it entered a range-bound oscillation. The 30-day trend is slightly downward overall, with a repair rebound in the past two weeks; RSI is in a neutral zone, showing no clear overbought or oversold conditions, with balanced bulls and bears, waiting for the market/sector to choose direction. The market is highly correlated with the BTC main market + privacy coin sector rotation. If BTC is stagnant, ZEC basically oscillates back and forth within the range. ✅ Resistance 1. First resistance: 1287 (recent intraday high, upper triangle boundary) 2. Second resistance: 1383, breaking through here can open a new round of rebound space ✅ Support 3. Short-term strong support: 1205-1210 (50-day moving average + lower triangle boundary, daily life line) 4. Secondary support: 1150, breaking below this level breaks the triangle structure and turns into a downtrend This week's macro analysis part one: Energy is currently the amplifier of macro sentiment! The US-Iran situation and Brent price trends, although not at the forefront of this week's macro themes, are indeed amplifiers of current macro sentiment, especially around the $100-$110 range. Above $110, negative factors are amplified while positive factors converge and weaken; below $110, the closer to $100, the more positive factors are amplified and negative factors weaken and converge. Currently, Brent has fallen below $110 due to a turnaround in the US-Iran situation, and the US stock market has rebounded accordingly. Of course, there is also some technical rebound demand after last week's oversell, but I believe that if Brent can break below $100 or even $95, the macro, interest rate, and earnings report pressures this week will be relatively reduced, making things much better compared to last week! #非农来袭，12月加息会否生变？ I bet No, the underlying logic of my judgment is not that the financial report is bad; on the contrary, this financial report data is very strong. First, the AI storage theme had already experienced a significant rally before the financial report, and much of the positive news was priced in by the market in advance, so the positive news turning into reality becomes negative. Second, although the current revenue and orders are outstanding, storage is a cyclical sector, and the market will prioritize pricing future supply and price guidance. Once the guidance does not exceed explosive expectations, it is difficult to support continued gains; Third, today the computing power hardware chain (optical communication, storage) has collectively shown a correction sentiment, with the sector's beta being relatively weak, making it harder for SNDK to independently continue rising. The current market pricing of a 65% No itself also indicates that most funds believe the probability of a rise is low. My bet is on the pullback after the positive news is realized. $ZEC $SNDK $BTC #SanDisk Q1 revenue up 378% year-over-year, Q2 revenue guidance$BTC slid 78.1k to 77.1k, funding still +0.01%/8h. Quiet, or a slow leak? I check 3 free places. 1. Funding: what longs pay. Barely positive = long, low conviction. 2. Open interest: OI flat, price slides = stuck, not closed. 3. Liquidations: who got flushed, who still holds. Bearish-patient. Leverage has not blinked; spot is selling. Ride it down until funding flips, or is the bid alive? $BTC #OKXOrbit #Crypto #Bitcoin Crypto is high-risk. Personal observation only, not investment advice. DYOR.Looking back past three rounds of midterms, after vote landed, Bitcoin all walked out a drop, smashed out then bear market bottom: 2014, after election 71 days then saw bear bottom 2018, shortened to 38 days 2022, only 13 days quickly bottomed 71→38→13, interval to bottom continuously shortening, hard to simply attribute to coincidence. Logic behind not hard to understand: midterm election represents policy, regulatory expectation uncertainty boot landing. Now crypto market fund size larger, levIn the comments, some friends told me: Canary is applying for a $PEPE ETF. I went to verify, and it is indeed true. So looking at it this way, $PEPE really has a more certain potential positive catalyst. No wonder Brother Sun bought so much at once; could it be that he really knows some information that we retail investors don't? Of course, how strong the ETF's impact on the coin price is was already taught to us by $ZEC not long ago. Since the ETF-related news came out, the coin price surged as if it had taken a powerful pill. However, I also had Grok check it out, and found there is a detail to note: the S-1 does not have a fixed approval deadline. Ultimately, it still depends on SEC review, and it's hard to say when it will take effect. Also, submitting an application does not guarantee final approval. So the current $PEPE ETF is more accurately described as a potential major positive, not a definite positive. I've already asked the Grok bot to monitor the approval progress for me daily. I have to say, using AI for this kind of information tracking is really convenient, saving me from having to check announcements every day. If there is any new progress on the $PEPE ETF, I will share it immediately. This time, let's let the group win once. 😎😎😎Recent Major News in the Crypto Circle ✅ Binance lost 6.3 billion in a hack, EIP7702 authorization attack goes viral. Key points: stablecoins can be frozen and recovered, PoW has no backdoor—once lost, it's gone; CEX asset security relies on platform compensation, not on-chain inherent protection. ✅ Justin Sun's live stream classic reply "Believe it exists, don't believe it doesn't"; rumors on two fronts: mainstream public chains AVAX/APT/DOT, small caps Celo/RVN/Mina lying in wait, no solid evidence, mostly sentiment-driven speculation. ✅ Huobi settles with UK FCA, overseas compliance route gains attention. ✅ Aptos GTE trading engine blueprint revealed, targeting institutional derivatives trading. ✅ Celo AI proxy payment ecosystem trending, pushing forward in emerging market cross-border payment sector. ✅ Market inflation narrative heats up: unlimited issuance tokens dilute holdings long-term; fixed supply tokens gradually realize scarcity. ✅ Ronin gaming public chain narrative continues to ferment, with clear differentiation in the sector.*#BTC Approaching Key Support* BTC is currently trading around $77,400, with the core support zone between $72,500 and $77,000. Holding this zone could lead to a rebound to $80,000, then targeting $87,000; if broken, selling pressure may intensify, potentially pushing prices lower. The future market depends on the battle between bulls and bears in this range.$ETH SHORT 🔻📉 entry: 2,290 tp1: 2,200 tp2: 2,100 tp3: 1,930 stop: 2,360 ETH lost the daily MA(99) and is trading below the MA(7), MA(25) and MA(99), with the 30-day change at -15.9%. A bounce into the MA(7) near 2,285 looks like a chance to sell the retest. If sellers defend that zone, I'd expect a move toward 2,100, and potentially the 1,930 area, with the setup invalidated on a daily close above 2,353. Not financial advice, DYOR. Manage your risk. ⚠️BREAKING: $2.84B FROZEN — largest stablecoin blacklist in history. Tether froze $1.567B USDT linked to Binance hack (per CEO Paolo Ardoino), Circle froze $800M USDC. Total $2.84B locked per Elliptic. Attacker still controls $3.33B in unfreezable BTC + ETH across 43 wallets. 46% freezable (USDT/USDC/RLUSD) vs 54% unfreezable (BTC/ETH). Binance says SAFU will cover, user funds safe. Centralized stable = freeze button. Decentralized asset = no button. $USDT #OKX #UnitedForCryptoSecurity #Palantir财报前瞻：高增长能否支撑高估值 。📈 Earnings Season and Market Opportunities! With the start of earnings results season, volatility increases and markets move strongly, creating excellent trading opportunities both in Spot trading and Futures contracts. I shared with you one of my recent trades coinciding with these movements, where I relied on strict risk management and entering with the market trend. 💡 Tip for traders: Always make sure to follow earnings reports and economic indicators. Set stop-loss levels and targets precisely before opening any trade A bug stopped the hacker, but 10 chains have yet to recover The most dramatic scene in the Binance case happened on an unrelated chain. On October 31, a single-block reorganization on Ethereum caused THORChain to refund 10 extra $ETH: the money never arrived, but the refund went out first. Automatic checks triggered immediately, $ETH swaps stopped first, followed by other chains, all within just two minutes. This halt unexpectedly stopped the hacker laundering money through THORChain. Chainalysis said: this pause "accidentally slowed down the laundering of a large sum stolen from Binance." Before the pause, the hacker had already swapped away 17,019 $ETH and 53.25 $BTC from THORChain. The extra 10 $ETH refunded have been voluntarily returned by users, restoring the vault's solvency. But as of yesterday, $BTC, $ETH, $SOL, $TRON, and 10 other chains remain paused, with only 4 chains still running. Recovery requires nodes to confirm safety one by one. Last Saturday, the FBI specifically requested nodes to intercept hacker transactions. The founder responded: nodes can only stop an entire chain, they cannot freeze a single transaction; if nodes decide to take the protocol offline next week, then this experiment will be over. An accident stopped the thief but also exposed another side of decentralized exchanges: they cannot stop one person, only everyone together.Good earnings are no longer a guarantee of rising stock prices. Google, Intel, and SanDisk have all reported revenue growth, but investors are still reacting negatively when results fail to meet expectations. After weeks of strong rallies, market valuations are facing much closer scrutiny. Even positive earnings surprises are struggling to generate fresh buying momentum. The message is clear: investors are becoming more selective, and the market is no longer willing to pay any price for growth. A new development could reshape how financial institutions process transactions. On November 2, the Hong Kong Monetary Authority announced that its Ensemble^TX project is expanding its capabilities to support interbank settlement around the clock, 24 hours a day, seven days a week. The system uses tokenized central bank money to settle transactions involving tokenized bank deposits, allowing institutions to process transactions beyond traditional banking hours. The project now involves 12 banks,Gold surpasses 3950, but BTC retreats below 78000 $XAU 3959.23, up 1.7% in the past 24 hours, retaining most of the gains after the surge 📈 Accelerated from around 3900 to 3973.70, then the price pulled back to around 3959, with the rise not significantly giving back. Up 1.6% over the past two full hours, trading volume is 6.1 times that of the previous two hours, with both price and interest rising. I tend to see this as a strong surge; how much of the gain remains is more convincing than pushing a few more dollars higher. $BTC 77844.01, down 0.3% in the past 24 hours, rebound height is declining 📉 First touched around 78878, then the subsequent rebounds stopped successively near 78406 and 78254, with the price falling back below 78000, gradually narrowing the upward space. Though the drop is small, the failure to catch the rebound is the more frustrating part. Here I am cautious; 78000 is just a repeatedly crossed area, whether it can hold after climbing back up is what would justify changing the judgment. $PENGU 0.007153, down 2.1% in the past 24 hours, still not far from the low point 🐧 The 24-hour low is 0.007106, with the price only about 0.7% higher, the range position still low. A slight drop of about 0.1% over the past four full hours, trading volume decreased by 37.0% compared to the previous four hours, more like consolidating with small moves. Don’t rush to interpret the small drop as a sign of strength; only after breaking away from trading near the low can we talk about whether the rebound will be smooth.A couple of days ago, those who criticized me for being bearish, now stepping out for a walk? $BTC 77010, do you still remember when BTC surged to 78493, breaking above 78,000? The screen was full of bulls coming in, but I was shouting short, and the comment section was chasing me with insults. And now? 77010, it has dropped over 1400 dollars from the high, and 77000 is barely holding. Long positions within 2% to 8% are close to forced liquidation, and those with 21.5x leverage chasing above are starting to get cut. $ETH 2248, the day it broke 2300, many were calling for a reversal and to get in, but 2300 was just a fake breakout. Now at 2253, it has fallen back below 2300 again. Those who chased longs at 2300 are honestly stuck holding their positions. $SOL 92.50, the most disappointing one, absent during the rise but leading the fall. It dropped directly from 94 to 92.5, even breaking 93. Below is just the 91.58 support order left, and further down is 90. I'm not here to show off, I said a couple of days ago that the key level pulled up on low volume wouldn't hold and would eventually be paid back. Now the market itself has given the answer. I'm still holding my short positions. Those who insulted me, don't rush to leave, there's more to come. #美国中期选举在即，哪些结果值得关注？ #非农来袭，12月加息会否生变？ Shareholders of Bitcoin treasury companies have finally told the truth: what they want is the stock price, not BTC. On October 29, BritishHodl posted a poll asking holders of companies like Strategy and Strive what they most want management to optimize. According to the summary on X, 61.5% chose stock price performance, while only 18.6% chose "BTC per share." The funny thing is this. The entire treasury company narrative sells "more BTC per share," and Saylor has been talking about BTC Yield for years, which is exactly this. But when you ask the shareholders, most of them really just think: as long as the price goes up, it doesn't matter how much coin there is. So what drives the stock price up? Premium. What supports the premium? The willingness of the next buyer to pay more than $1 for $1 worth of coin. A few days ago, CorpStacking's statistics showed that out of 47 treasury companies, 29 had mNAV below 1, with a median of 0.87; Strategy itself is also 0.87. At this point, still hoping the stock price will outperform the coin price is essentially betting that the next person is more optimistic than you. In short, what you hold is not Bitcoin, but a BTC beta with dilution, management salaries, and preferred shares ahead of you. If you want BTC, just buy BTC directly to avoid an extra layer of issuance risk $BTC #闪迪业绩超预期并宣布拆股，股价跌逾13% SOL｜About 92.40: Approaching previous lows, the weakest structure among the three SOL has fallen below 93, with the 20-hour, 50-hour, and 100-hour moving averages all positioned above the price, and the 20-hour moving average continuing to decline. Below: *92.1—92.3 is close to the current low and previous lows, an important observation zone. If this level is continuously broken, attention shifts to the 90-dollar whole number level below; this is not yet confirmed support. Above: First look at 93.3—93.8, with stronger resistance at 94.2—95.1. A brief recovery above 93 is not enough to reverse the weakness. My bias: Bearish, with a prominent risk of further decline. Improvement in judgment requires first stopping new lows and then reclaiming 93.8.ETH｜Around 2,250: Rebound retraced, testing support again The previous rebound peaked at about 2,315, then fell back to around 2,250. Currently, it is below the main hourly moving averages, indicating that buying pressure has not sustained the rebound. Below: *2,245—2,250 is the immediate observation zone. If this level is lost and cannot be reclaimed, first watch *2,230, then the 2,200 whole number level. Above: *2,265—2,285 is the main recovery resistance zone. Only after breaking through and holding this area can there be conditions to challenge *2,300—2,315 again. My bias: Weak consolidation. Around 2,245 there is still a previous low to reference, but it is not yet enough to confirm a bottom.BTC｜About 76,889: Dropped back below 77,000, short-term bearish Price is below the 20-hour, 50-hour, and 4-hour moving averages; recent lows continue to move lower, with no evidence of stable support yet. Downside: Currently watching around 76,850, but this is a forming low and support remains to be confirmed. If it breaks further, focus on the previous lows around 76,100—76,200. Upside: *77,150—77,400 is the first resistance; further recovery to *77,550—78,000 is needed to significantly ease the weakness. My bias: Bearish, with continued risk of probing lower. Until 77,400 is reclaimed, any rebound should be viewed as a correction after the decline. The market weakening as expected is not hindsight: BTC, ETH, and ZEC all fell together, and the waterfall risk has not yet been eliminated. I still maintain a bearish perspective on this market: it’s not that I turned bearish because of the drop, but because the weak structure has never truly been repaired. Currently, BTC is at 77,068.01 USDT, down 1.37% in 24 hours; ETH is at 2,254.88 USDT, down 0.68%; ZEC is at 1,181.58 USDT, down 4.39%, all three under simultaneous pressure. From a technical standpoint, BTC and ETH daily MACD remain in the bearish zone after a death cross, with super trends all pointing downward; RSI(6) values are 28.03 and 29.58 respectively, entering oversold territory which does not imply an immediate reversal but rather indicates that short-term volatility may intensify. ZEC’s decline is even greater; although it retains a MACD golden cross and bullish moving average alignment, its price is approaching a near 7-day low, and the super trend is also downward. Volume has not provided enough support for the bulls: BTC volume ratio is 0.68, ETH 0.92, ZEC 0.79. The capital flow is also diverging, with net outflows for ETH and ZEC. Platform security and withdrawal/deposit recovery progress reported in public news may still cause risk appetite to fluctuate. I will use whether volume expands subsequently and whether BTC and ETH can reclaim short- and mid-term moving averages as conditions to observe if the weakness is easing; if repair fails, the lower bound of volatility still needs to be watched. 💥Grinding Market: Like chewing gum stuck to the sole of your shoe, impossible to shake off $BTC $ETH $SOL Rubbing against the curb, scraping off a layer Using a twig to scrape, thinning it by half Keep walking, the gum is still there It won't fall off by itself Completely scraping it off takes too much time BTC's chewing gum Stuck between 76500—77000 Low point 76260.8 pulled back ETF absorption slowly digesting Bearish momentum thinning But resistance hasn't been shaken off Before FOMC, no one wants to fully clear out ETH's chewing gum Stuck at 2200 2183–2200 demand zone repeatedly tested Thinned out, still can't shake it off SOL's chewing gum Stuck at 94, grinding for many days 92.34 is the little stone underneath One step forward, one step stuck It doesn't stop you from moving forward But with every step, you clearly feel it's there Are you repeatedly rubbing it off now, or just giving up and ignoring it? In the comments, report your heaviest position: BTC / ETH / SOL, let's see whose shoe sole has the thickest chewing gum Just a market record, not investment advice #美国中期选举在即，哪些结果值得关注？ #苹果新CEO迎来iPhone18首份成绩单 1. iPhone: This quarter includes the iPhone18 series + the first foldable iPhone Duo launch (September event), but Duo sales start in late October, with only a small initial stock in Q4; most revenue will fall into the next fiscal quarter. The supply chain reports increased Duo orders, but production capacity is limited, making it a mid-to-long-term variable rather than a main driver this quarter.🚨 Mercado Bitcoin is suspected of being hacked, with $46.5 million in assets stolen According to monitoring by Onchain Lens, the Brazilian cryptocurrency exchange Mercado Bitcoin is suspected of being hacked, with approximately $46.5 million worth of crypto assets traced to related addresses. Currently, the hackers are said to have stored these assets in 46 addresses, including 3,680 ETH, 106 BTC, and $8 million worth of stablecoins. The details of this attack and the exact amount of loss are still to be further verified.#Palantir财报前瞻：高增长能否支撑高估值 Palantir has always been a highly controversial stock in the US AI sector. Backed by government contracts and combined with the commercialization of its AI platform AIP, the company has maintained rapid revenue growth for multiple consecutive quarters, with a continuously expanding customer base. The market holds high expectations for its AI monetization capabilities. However, behind the impressive growth lies a persistently high valuation. The current stock price has already priced in long-term AI dividends in advance. The core market disagreements focus on two points: first, government business faces risks from policy and budget fluctuations, so order stability is not absolute; second, whether the commercial side’s AIP customer conversion and repurchase can continue to scale, reducing dependence on large government and enterprise contracts. This earnings report will focus on revenue growth rate, AIP revenue proportion, guidance for new commercial customers, and changes in gross margin. If the data can continue to deliver high growth, the valuation logic can hold steady; if growth slows or guidance falls short of expectations, the high valuation will face significant downward pressure. High growth is its story, high valuation is its shackle, and this earnings report is the key to verifying whether the story can continue.OKXICE disclosed that 12 additional companies have opposed its stock tokenization plan, including Nvidia, Costco, Nike, Reddit, and CrowdStrike, bringing the total number of companies formally objecting to 50, which is about 79% of the initially proposed 63 companies. The newly opposing companies also include Palo Alto Networks, Micron Technology, Corning, Hewlett Packard Enterprise, IREN, USA Rare Earth, and Bloom Energy. The combined market value of these 50 companies is approximately $25 trillion, with more than half listed on Nasdaq and 42% on the New York Stock Exchange. OKXICE is a joint venture between a cryptocurrency exchange and Intercontinental Exchange (ICE), planning to launch blockchain-based U.S. stock tokens to support continuous trading for investors. $BTC Market Snapshot (Nov 3, 01:39) Current price 77093.24, 24h -1.34%. 24h range 77020—78878.01, trading volume $861 million. #cryptocurrency $BTC#strategy repurchases $208 million STRC and increases holdings by 811 BTC 【Follow Old Chives, Wealth Is Yours】Strategy repurchases $208 million STRC while increasing holdings by 811 BTC! Where is Saylor focusing the funds this time? Michael Saylor's Bitcoin treasury strategy has new moves again! 📊 What impact does this have on the market and related assets? $BTC: Strategy resumes accumulation, indicating institutional treasury demand remains. $MSTR: The company continues to finance coin purchases by issuing common stock; investors need to watch financing efficiency and common stock dilution issues. $STRC: Large-scale repurchase reduces the number of outstanding preferred shares, but dividend costs should also be monitored. 📌 Two details worth noting in this operation: 1️⃣ Increased holdings by 811 BTC, total holdings reach 849,327 BTC Strategy bought 811 BTC at an average price of $80,846 each, with a total expenditure of about $65.5 million. As of November 1, the company holds a total of 849,327 BTC, with a total purchase cost of about $64.08 billion and an average holding cost of about $75,451. This means Strategy holds more than 4% of the total BTC supply cap, and the influence of institutional treasuries remains significant. 2️⃣ Spent $208 million to repurchase STRC, an amount more than three times the BTC purchase BTC is still oscillating weakly around 77,000, ETH has slightly turned positive, but XRP continues to trade sideways weakly! What’s even more disheartening is that while the ecosystem and institutional funds are advancing, the price still fails to respond. The most ironic part of this market is that ETF inflows, stablecoin volume, and ledger upgrades are expanding, but that doesn’t mean holders will immediately see capital returning. Latest news: XRP continues to push forward XRPL cleanup upgrades (fixCleanup3_4_0 expected to activate on November 4), RLUSD stablecoin supply growth, and institutional tokenization implementation, reinforcing its position as the native chain for cross-border payments and institutional settlements. The narrative of long-term user and institutional conversion is strengthening, but short-term market reactions remain cautious. Looking first at $BTC, the price is about 77,450, with a slight 24-hour decline. After losing and regaining 78,000, whether it can firmly stand above this level again is the focus. Next, $ETH is around 2,270, showing relatively steady performance. There is still pressure near 2,300, but the follow-through strength is acceptable. Finally, $XRP is about 1.25, showing weakness. Among the three coins, it faces the greatest pressure. If it continues to lose support near 1.22, short-term pressure may increase. Summary: BTC’s outlook depends on whether it can retake 78,000, ETH on the strength of its follow-through, and XRP on whether capital truly returns after ecosystem implementation. No matter how much progress is made, it depends on whether the funds buy in! Do you think XRP will break below 1.22 first, or BTC will stabilize above 78,000 first? 。#美国中期选举在即，哪些结果值得关注？ November 2 $ETH Market Analysis 📊 ETH rebounded from around 2171 and has now climbed back above 2300, showing some short-term recovery. The key focus next is the 2350–2370 resistance zone; whether it can break through effectively is crucial. Support to watch below is 2260–2280; only if it holds steady after a pullback is there a chance for continued rebound. This week also features important events like the US midterm elections and non-farm payroll data. Meanwhile, the ETH spot ETF has seen net outflows for five consecutive weeks, with institutional funds not yet showing clear return. Overall, it currently looks more like an oversold rebound; a trend reversal still needs confirmation. Be cautious chasing longs at resistance levels and pay attention to risk control. #ETH行情 #非农数据 #OKX星球Is Trump really going to lose control of Congress this time? With the U.S. midterm elections approaching, prediction markets are giving the Democrats about a 70% chance of taking both the House and Senate. However, odds are just expectations after all, and Trump has previously defied unfavorable forecasts to pull off a comeback. Whether the Republicans can hold onto Congress this time still depends on the votes. More than who wins or loses, I’m more concerned about the market trends after the election. If the Democrats control both chambers, it could become more difficult for Trump to push through tax cuts, fiscal policies, and some regulatory reforms. For BTC and tech stocks, short-term policy expectations will also need to be recalibrated. Interestingly, looking back at 2018 and 2022, the U.S. stock market experienced noticeable pullbacks during midterm election years, followed by a rally. But at those times, factors like Federal Reserve rate hikes and inflation also influenced the market, so it can’t be simply attributed to the elections. Now BTC has already fallen quite a bit from its highs, and tech stocks have undergone significant adjustments. I actually think new opportunities might emerge after the election. After all, the market has already priced in some pessimism in advance. If the results don’t exceed expectations, combined with a decline in U.S. Treasury yields, the possibility of funds re-entering the market is not low. But I’m not in a rush to bottom-fish just yet. I want to wait for the election results to settle, see if BTC can hold key support levels, and whether tech stocks show sustained buying interest. For this midterm election, do you think it will mark the start of a new rally or a continuation of the downtrend? #美國期中選舉在即，哪些結果值得關注？ Behind the $HYPE Recovery: It's More Than Just Sentiment Repair This round of $HYPE recovery feels more like a result of fundamentals resonating with buying pressure. Data disclosed by Grayscale shows Hyperliquid's revenue in September reached $105 million, with non-core revenue at $38 million, and the core perpetual fee proportion dropping to 64%. This indicates that its revenue sources are expanding and no longer rely solely on a single perpetual business. Following that, ecosystem data added fuel to the fire: the number of trading addresses surpassed 3 million, reaching 3,001,003; Anthropic perpetual contracts went live, further expanding the range of trading products. The number of addresses represents user reach, while new contracts open up incremental trading volume. More importantly, about $67.9 million of $HYPE was repurchased in the past 30 days, with protocol buy orders providing real price support. Market trends also confirm resilience. On October 30, $HYPE hit a low of $88.62 and closed at $90.04, up 1.06% for the day; it fell back to $87.93 on the 31st; and rose again to $88.16 on November 1. After volatility, it quickly stabilized, indicating that selling pressure is not out of control. Of course, addresses are just the facade; revenue is the real strength. Going forward, the two key things to watch are whether new markets can bring sustained trading volume and whether revenue can consistently convert into repurchases. #美国中期选举在即，哪些结果值得关注？ #苹果新CEO迎来iPhone18首份成绩单 #Palantir财报前瞻：高增长能否支撑高估值 🔴 xNVDA/USDT Short Setup & Prediction 📉 * Current Price: $xNVDA 206.70 * Trend: Strong Bearish * Signal: Short 🔻 Trade Plan: * Entry / Current: $xNVDA 206.70 * Target 1: $201.24 * Target 2: $195.00 * Stop Loss: $213.50 Quick Analysis: The chart shows clear downward momentum with moving averages sloping sharply lower (MA20 at $213.40). Even with a slight green candle, heavy selling pressure persists. Expect price to retest recent support near $201.24. A brief look at the midday market: $BTC 78,145, the rebound strength is average, trading volume has not significantly increased, more like short covering. After Binance reopened withdrawals, there was a net outflow of 3.6 billion, the market is temporarily stable, whether 78,000 can hold still needs further observation. $ETH 2240, the rebound is noticeably weaker than BTC, 2200 is a key support, breaking below may lead to further retest of 2000. $SOL 94.84, after breaking below 100, it has been unable to recover, on-chain data has improved somewhat, but the price remains weak. $RE 0.37, trading volume is low, the insurance narrative has not yet attracted capital attention. $OKB 111, platform partnership news failed to drive the price, short-term trend is relatively independent. The Federal Reserve's rate hike signals have reemerged, December policy expectations still diverge, market volatility is worth noting. The above is only a market observation and does not constitute investment advice. 🔴 ETH/USDT Short Setup & Prediction 📉 * Current Price: $ETH 2,257.71 * Trend: Strong Bearish * Signal: Short 🔻 Trade Plan: * Entry / Current: $ETH 2,257.71 * Target 1: $2,200.00 * Target 2: $2,174.00 * Stop Loss: $2,310.00 Quick Analysis: Ethereum continues to trade in a strong downtrend under key moving averages. Expect price to test support near $2,200.00. A break below that level can push it down toward the low at $2,174.00. Keep your risk tight! 🚀 📊 Mixed Data, Mixed Market Signals ISM at 55.5 shows continued expansion, while easing price pressure and weaker construction spending suggest some cooling. Demand remains active, but neither bulls nor bears have a clear advantage. Market Snapshot: - $BTC : $77,962 - $ETH : $2,292 - $SOL: $94.43 - $ZEC : $1,266 Open interest is rising across all four, but price confirmation remains weak. 📌 My Strategy: BTC holding $77,962 could support a small long setup; losing #USMidtermsPolicyOutlook Nvidia and Nike are no longer willing! 50 companies collectively oppose stock tokenization! This is quite interesting. OKX and the New York Stock Exchange's parent company ICE are preparing to tokenize stocks, allowing US stocks to be traded on the blockchain. As a result, the latest list of opposing companies has grown to 50. Nvidia, Nike, Microsoft, JPMorgan Chase, and Coca-Cola are all on it. Why are these big companies unwilling? Simply put, after stocks are tokenized, trading hours, liquidity, and trading channels may all change. For the crypto industry, this is a new market; but for listed companies, how their stocks are traded and who manages them are real interests at stake. I actually think this matter is more worth paying attention to than just speculating on a new concept. Stock tokenization—do you think it's a financial market upgrade or just another speculative market? $BTC $ETH #加密行业协同守护资产安全 🚀 $BTC BULLS ARE WAKING UP! Is $87K the next target? 🔥 BTC is holding strong above the daily MA(99) at $76,670, and buyers seem ready to step in. 📈 LONG SETUP Entry: $77,000 TP1: $78,650 TP2: $81,050 TP3: $87,000 Stop Loss: $75,300 As long as support holds, $81K is the next key target, with $87,385 potentially back in sight. ⚠️ Stay disciplined, watch volume, and don't chase the move. Confirmation first, profits second! #BTC #Bitcoin #Trading #USOctJobsReportInFocus #DailyOrbit 🔴 OKB/USDT Short Setup & Prediction 📉 * Current Price: $OKB 110.49 * Trend: Bearish Pullback * Signal: Short 🔻 Trade Plan: * Entry / Current: $OKB 110.49 * Target 1: $106.00 * Target 2: $100.00 * Stop Loss: $115.00 Quick Analysis: The chart shows sellers taking control after a brief bounce, with candles dropping back toward low support. Expect price to test support near $106.00. A break below that level opens the door for a deeper drop toward $100.00. Manage your risk carefully! 🚀 $SOL – Bearish Signal 🔴 Entry: 92.50–92.80 Target 1: 92.00 Target 2: 91.50 Target 3: 91.00 Stop Loss: 93.50 Trend: Strong bearish momentum. Price is below EMA 5, 10 and 20, showing selling pressure. Trading Call: Short on a weak retest; avoid chasing the price. ⚠️ Manage risk carefully. Signal is based on the 1H chart and is not guaranteed. #DailyOrbit @OKX 预言家 The US midterm elections are tomorrow. Bitcoin dropped -24% after the last midterms in 2022. Expect high volatility. Stay away from leverage. $BTC #USMidtermsPolicyOutlook ZEC was hit hard by a whale with a "spot + contract" double strike, the signal is unusual 🤔 A whale made a move on ZEC: first buying 3,052 spot coins, about $3.8 million; then opening a 2x leveraged long position of 8,000 ZEC contracts, with a notional value of about $10.16 million 😱 This is not a small matter. First, spot as the base and contracts to enhance means the whale is not just aiming for short-term gains but seems to be betting on a mid-term trend. Spot locks in the chips, contracts improve efficiency, the strategy is quite clear 🧠 Second, 2x leverage is considered restrained in crypto, with relatively low liquidation risk, more like a risk-controlled player rather than a gambler 🛡️ Third, ZEC usually has low visibility, so a large-scale buy of this old privacy coin is indeed intriguing. Is it a resurgence of the privacy narrative, a technical catalyst, or a pre-positioning? We can’t speculate on insider info, but the capital movement is worth watching 👀 Honestly, whales can be wrong too; large purchases don’t guarantee a rise. Ordinary people shouldn’t be driven by FOMO; first watch subsequent transactions, positions, and ZEC fundamentals before deciding 📉📈 $ZEC #美国中期选举在即，哪些结果值得关注？ #Palantir财报前瞻：高增长能否支撑高估值 #非农来袭，12月加息会否生变？