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#奈飞增长或放缓，广告业务成新看点 $STRK STRK's recent sharp correction is a value reversion following a narrative-driven surge. At the beginning of the month, stimulated by the "transition to L1 + quantum resistance" news, STRK soared from $0.05 to $0.126, but this positive news was only at the "consideration" stage with no timeline, and on-chain activity and fee revenue lagged far behind the price increase. Then on October 15, about 127 million tokens were unlocked (accounting for 3.37% of the circulating supply), combined with macro pressures such as CPI data release and BTC ETF fund outflows, triggering a long squeeze and a nearly 28% single-day plunge. Conclusion: short-term bearish bias; if the key support at $0.083 is broken, the next target is $0.06. #Tesla delivery exceeds expectations, making profit recovery the focus #TSMC Q3 net profit exceeds expectations, earnings hit a record high
After the release of CPI and PPI data, US Treasury yields have been falling continuously, and the market has started to trade on recession fears, with funds flowing into the bond market. Ultimately, Powell still has to support the bond market, which will be tough for tech stock holders.Plunge!! PPI rises far beyond expectations!! $BTC $ETH
Tonight, the US September PPI truly fulfills the "inflation rising" script
PPI month-on-month 1.3% (expected 0.5%, previous 0.4%)
Core PPI month-on-month 0.7% (expected 0.3%, previous 0.2%)
From -0.3% in June to 0% in July, 0.4% in August, and now 1.3% tonight, producer-side inflation has significantly risen for two consecutive months, hitting a new high in this cycle. The simultaneous surge in core PPI further indicates that this is not just a simple oil price anomaly, but a comprehensive spread of upstream production costs.
As a leading indicator of CPI, the renewed acceleration in producer prices clearly suppresses expectations for rate cuts. Once upstream price increases are successfully passed on to end consumers, the Federal Reserve's policy space will be extremely constrained. In the short term, macro liquidity expectations face repricing, and high valuation and high leverage assets are very likely to bear the brunt of this sentiment first. Control your actions, do not blindly catch a falling knife.
#USCPIandPPIexceedexpectations, can there be another rate hike within the year? #USCPIexceedsexpectationsrises to 3.7%, tonight PPI faces another test #TSMC Q3 Net Profit Exceeds Expectations, Earnings Hit Record High
TSMC's Q3 net profit surged 68.7% to NT$763.1 billion, with revenue up 50.9% year-over-year. Advanced process nodes accounted for 79% of production, with 2nm starting to contribute to revenue, and AI demand continuing to provide support. However, despite the better-than-expected earnings report, TSM's stock price fell more than 4%, a typical case of "good news already priced in."
Market concerns focus on two points: first, HPC revenue showed zero growth quarter-over-quarter, and AI's marginal growth is slowing; second, the high cost of building factories in the U.S., where the cost per wafer is four times that of Taiwanese plants, diluting gross margin by about 2% to 4%, and this pressure is expected to be long-term.
In the short term, AI infrastructure expansion and strong 2nm orders still provide certainty; in the long term, risks of overcapacity and geopolitical cost pressures will gradually erode profitability. A good earnings report does not equal a good stock price; the real test lies in expectation gaps and cost headwinds.$ZEC 今晚1000守不守得住？
ZEC今天跌得跟被人追债似的，24小时砸了13%-15%，市值前25里跌得最狠，没有之一。现价1090附近晃，1000这个整数关口就在眼皮底下，今晚能不能扛住，成了全村焦点。
先说结论：大概率能守，但压力不小。上方1170已经从支撑变压力，多头想翻身，先得把这块硬骨头啃下来。
为啥跌这么狠？宏观砸的。CPI同比3.7%，超预期，通胀担忧一起来，风险资产集体挨揍。BTC跌破81000，全市场24小时清算9.35亿，多头被洗得跟下雨收衣服似的。ZEC自己合约也清算近1900万，杠杆多头出清，跌幅自然被放大。
能不能守住1000，关键看BTC：
BTC在80000附近企稳，ZEC有望在1040-1083获得承接，超卖反弹第一目标看1140-1180。
BTC继续往下，或者美股开盘情绪再恶化，ZEC跌破1040，那1000就直接暴露，900都在分析师嘴里排着队了。
操作 别急着抄底，先看1040能不能撑住。跌破就松手。企稳了轻仓试多，止损放1020下面，目标先看1140。想空的，等反弹到1170冲不上去再考虑，别追空。#奈飞增长或放缓，广告业务成新看点 Explaining a fan's question: Is the bull market still here? Spot market is stuck in losses 😭 Will the market rise tonight???
To put it briefly, the bull market is still on! But definitely not this year!
Moreover, a new round of rotation and accumulation will start when market sentiment is relatively low, and it won't be a full-scale surge. That's impossible because there isn't enough capital to drive a wealth effect like the bull markets of the past two years; it will only get worse.
Secondly, according to the current trend, $BTC's strongest support is around 80,000. This is also where many big players get liquidated. However, the daily trend continues to decline, institutions are selling, macro factors are bearish, and the upcoming midterm elections add uncertainty. From the liquidation map, if 80,000 is touched, the cumulative long position liquidations will approach $250 million.
Right now, the long positions are too heavy. In a bull market, there are many shakeouts; without capital inflow, the price definitely won't rise. There's a high probability the support will break down further to around 79,000-78,000.
Third: Is there hope for the spot market?
It depends on which altcoin sector you are in. Is the fundamental strong? Is there a narrative? If it's a leading coin and your losses aren't too deep, just be patient, keep a good mindset, and watch the big trend. But although spot won't go to zero, it can get infinitely close to zero, so don't be fooled by those so-called KOL teachers!
Operation suggestions for the evening of October 15 [purely personal sharing, not investment advice]:
Mainstream: ETH (short), US stocks: #SNDK, Skhynix (short)$BTC $ETH $SOL
[ID Perspective] Data collectively turns sour! US economic resilience exceeds expectations, bulls should not blindly fantasize about easing dreams!
The cruelest part of the market is that it always douses your hopes with a bucket of cold water. Many are still betting on the Fed rate cut expectations, but this round of heavy US data releases directly shatters the easing illusions.
Most of this data set signals bearish for gold and silver. Initial jobless claims are lower than expected, the job market remains strong; September retail sales month-over-month significantly beat expectations, consumer spending remains hot. PPI inflation data also exceeded expectations, indicating upstream inflation stickiness persists. The New York Fed manufacturing index missed expectations, with only the Philadelphia Fed manufacturing index showing a slight positive, but a single data point cannot withstand the impact of a basket of strong data.
The entire data set points to: the US economy has not weakened, inflation is falling slower than expected, the timing of Fed rate cuts will continue to be pushed back, and the dollar and US Treasury yields are likely to find support, suppressing gold, silver, and crypto assets.
Key observations
✅ Key focus: Whether the dollar and US Treasury yields can continue to strengthen on this data wave; if they keep rising, pressure on risk assets will increase.
✅ Bullish breakout condition: Only if a continuous series of weakening employment and inflation data emerges later can rate cut expectations be revived.
✅ Trading reminder: Do not use a single positive data point to counter a whole set of strong fundamentals, do not heavily bet against the trend for a rebound.$XRP Ripple is doing RWA perpetuals for institutions, and finally chose the platform on Hyperliquid
Even the favorite son of the chain has to do business where the liquidity is
The XRP community might see this as a positive, but I can't really see where the benefit is On the surface, it looks like a rebound, but underneath there's still a tug of war. Holding 81500— is it courage or luck? Last night, watching BTC's lower shadow candle, my mood was quite subtle. The price once dropped to 81523, then was forcibly supported around 81400, and now it's back at 81862, even standing above the super trend line at 81616. It looks like the buyers won, but I'm hesitant to cheer along. Because the lively part is the candlestick, but the macro environment is cold. The KDJ has already surged into the overbought zone at 86.6/81.9, the moving averages above are dense and heavy, and the short term could wobble at any time. More importantly, Goolsbee hawked overnight: US service sector inflation remains above 5%, core inflation is sticky, and he doesn't rule out further rate hikes. This is not just background noise; it's the sword hanging over the bulls. So now I prefer to interpret this market move as an emotional test rather than a trend reversal. The buying did show strength at 81400, but the macro bearish factors haven't been fully digested yet. Those driven by FOMO see the long lower shadow and want to rush in, while the hesitant watch the macro and dare not move; narrative fatigue is still present. What the market is really trading is "can it hold first," not "can it fly immediately." The bullish path: as long as 81500 holds, short-term sentiment will gradually recover. Once BTC stabilizes, ETH and SOL, which are high beta, may regain attention, and risk appetite will return. The bearish risk: if macro pressure continues or 82000 can't be broken, this rebound could easily turn into a bull trap, and altcoins will likely fall faster than anyone else. This kind of levelVolume-price relationship #Korean stocks fell nearly 8% intraday, global tech stocks collectively under pressure #TSMC Q3 Net Profit Exceeds Expectations, Earnings Hit Record High, Core Weakness: Gross Margin Guidance Declines, Expectation Gap Emerges
① Hidden Concerns Behind Impressive Data: Q3 gross margin guidance at 65%-67%, significantly lower than Q2's 67.7%.
② Market Begins to Worry That Increased Capital Expenditure Will Squeeze Profit Margins, Uncertainty in AI Capacity Expansion Rises Sharply.
III. Market Transmission: Positive News Fully Priced In, Funds Vote with Their Feet
① After the earnings release, TSM and related tokens like xTSM fell more than 2.7%, with funds choosing to cash out at highs.
② This indicates that the market's frenzy over AI computing power is being harshly scrutinized by rational financial metrics, revealing expectation gaps.
Core Summary:
The long-term AI narrative remains unchanged, but short-term sentiment hits a freezing point! When earnings realization meets declining profit margins, profit-taking at highs becomes the main theme. Don't be dazzled by superficial prosperity; keep a close eye on subsequent capital expenditures 📉 $SNDK $SK HYNIX｜Latest strategy for the storage sector: rebound under pressure, proceed with caution!
Brothers, today let's continue discussing the storage chip sector. At this stage, my short-term view on this sector remains unchanged: do not blindly chase the dip, focus on observing short signals after the rebound.
🔎 1. Why is the storage sector continuously under pressure?
Recently, the storage sector has been affected by multiple news factors, and market sentiment has clearly weakened. Some long positions entered at previous highs are also facing significant holding pressure. With concentrated capital adjustments, the volatility of related stocks may further increase.
Currently, the main factors worth noting are as follows:
- Changes in foreign capital flow: The flow of foreign capital in the Korean stock market deserves close tracking, especially for semiconductor heavyweight stocks like SK Hynix and Samsung Electronics. However, the claim that foreign capital outflows have reached $141.5 billion still requires verification of statistical criteria, time frame, and actual data.
- Intensified industry competition: China's storage chip industry continues to develop, and market assessments of industry competition, future pricing power, and corporate profit expectations are also changing.
- Impact of buyback news: Progress on Samsung's related buyback plans may affect short-term market sentiment, but specific impacts still need confirmation through official announcements.
- Changes in policy expectations: If South Korea does not introduce new support measures, it remains uncertain whether short-term market sentiment can improve.
📊 2. Tonight at the US stock market open, focus on $SNDK!
From a short-term trading perspective,US September PPI rose 1.3% month-over-month, expected 0.5%, previous 0.4%; core PPI rose 0.7% month-over-month, expected 0.3%, previous 0.2%. Both readings significantly exceeded market expectations and accelerated noticeably compared to August. Historically, the PPI month-over-month has been positive and rising for two consecutive months: 1.1% in May, turning negative to -0.3% in June, back to 0% in July, rising to 0.4% in August, and September's 1.3% is the highest in this sequence. The core PPI's 0.7% is also the highest growth rate in recent months, indicating that price pressures excluding food and energy are expanding, not just a single component pushing up the overall reading. The simultaneous acceleration in producer prices means that the cost increases faced by companies are spreading. Whether this can be passed on to consumer prices will be a key observation point for the market to judge the inflation path. #US CPI unexpectedly rose to 3.7%, PPI faces another test tonight US September PPI rose 1.3% , the PPI month-on-month has been positive and rising for two consecutive months: 1.1% in May, turning negative to -0.3% in June, back to 0% in July, rising to 0.4% in August, and September's 1.3% is the highest in this sequence. The core PPI's 0.7% is also the highest growth rate in recent months, indicating that price pressures excluding food and energy are also expanding, rather than a single component pushing up the overall reading. The simultaneous acceleration of老牌迷因这波真扛不住了，50倍空单浮盈可观，但高倍永远是刀口舔血。背景上，近期某机构$DOGE ETF直接清盘，现货资金连续多日零流入还伴随千万级流出，宏观又偏紧，大饼一横盘山寨先跪。
做单逻辑打的是"机构退潮+高β补跌"：0.086附近开空，跌破0.08心理关口加速，标记已到0.0795。巨鲸买卖分歧大，反弹缩量不是底。技术面日线均线全压死，4小时反抽碰中轨就掉，量能跌放涨缩，空头结构完整。
操作上平半锁利推损保本，剩仓看前低承接，站回开仓价全撤。迷因没新叙事就是纯情绪博弈，宏观紧时跌最凶，落袋的才是钱，不贪最后一块铜板。$ETH $BTC #台积电Q3净利润超预期，盈利创历史新高 US PPI September 2026: +1.3%
Forecast: +0.6% Previous month: +0.4%
Annual PPI: 6.3% Previous month: 5.6%
Core PPI monthly: +0.5% Forecast: +0.3%
Trading perspective: Don't rush to catch the bottom!
Combined with the previously poor CPI, this PPI significantly increases the risk that the Fed will maintain a tight monetary policy. But to determine the next direction, the most important signal is the reaction after the release of bond yields, USD, and Nasdaq — not just the PPI figure alone.
#USCPI3.7%PPIInFocus $BTC $ETH BTC 80807, many people are asking? Will it break below 80,000?
I'm watching this number closely, my palms are a bit sweaty. It's just about 800 away from the 80,000 whole number mark, a needle's width away.
Let's first look at the current situation. September CPI exceeded expectations, with core inflation month-on-month at 0.3% and year-on-year at 2.6%, both higher than expected. The probability of a rate hike surged from 20% to 49%. Although Polymarket shows the probability of no change has returned to 79%, market sentiment has already been dampened. In the past 24 hours, the entire network's liquidations have approached 1 billion, with long positions accounting for 91.6%, a batch of bulls have been taken out.
Now looking at the 80,000 defense line itself. This is not a randomly drawn line. The largest buy orders in Binance spot order book are stacked near 80,000, the average ETF holding cost is about 81,500. Although the price broke through intraday on October 8 and 13, it closed back above those levels.
The fragile points are also obvious. Glassnode bluntly states "the upper side is more fragile than the lower side," with a large number of long liquidation orders accumulated below 80,000, and another cluster near 75,000.
$BTC key levels I mark:
Support: 80,000-80,500, whether it breaks intraday is the first signal; if it closes below 80,500 and ETFs continue to outflow, the "real market average price" at 78,000 is the next stop, then further down to 75,000-77,000.
Resistance: 81,500-82,000, only if it stands back here can it be considered to have recovered; above 83,000 is when we can talk about continuation of the rebound.$SNDK 前几天像打了鸡血，抗量子、独立L1、脱离以太坊，名字一出来社区就上头。可你细看，投票只是初步动作，真切到主网还得熬到明年，中间全是预期在飞。
做单逻辑就一句：叙事把价格顶太高，解锁把卖压递上来。早期筹码成本远低于现价，每月都有释放，反弹缩量、下跌放量，就是获利盘和领取代币的人在跑。日线从暴涨转回调，衍生品仓位又挤，这种位置追多最容易被洗。
我这空单不吃“明天涨不涨”，吃“预期兑现后接不住”。现在平半锁利，止损推到成本附近。剩下仓位看前低承接，站回关键压力就撤，不跟叙事谈恋爱。$ZEC $STRK #台积电Q3净利润超预期，盈利创历史新高 The probability of a Fed rate hike has dropped below 30%, even after the release of the high CPI data.
Today, the PPI data is about to be released, with an expectation of 5.3%.
Unless we see the PPI reach the 5.7%-5.8% level, I believe the rate hike will be paused this month.An On-Chain Health Check for CORE: Three Data Sets, One Conclusion
There are always only two voices in the CORE posts on the Square. "Ten-thousand-fold potential" and "Imminent zeroing," arguing for almost two years.
Today, I take no side. I just do one thing: open the blockchain explorer and turn CORE's underwear inside out, showing you page by page.
No hype, no bashing, no motivational talk. On-chain data doesn't lie; you judge after seeing it yourself.
First data set: 69 million ghost tokens, where are they now?
Let's clarify the core facts of the 8.31 vulnerability.
The v1.0.26 hard fork destroyed over 150 million excess issued CORE tokens at the protocol level, pulling the total supply back to a hard cap of 2.1 billion. The chain didn't break, blocks are still produced, and staking rewards resumed within 48 hours.
But the hard fork can only upgrade forward; it cannot roll back already confirmed transactions. The 69 million CORE tokens transferred out to external wallets before the fork execution have not been recovered, locked, or destroyed to this day.
The cost basis of these tokens is almost zero. What is their current status?
Some in the community have tracked them: some addresses remain silent long-term, some split into smaller addresses in batches. The core issue is not "whether they will dump," but "you don't know when they will dump."
As long as these tokens have no on-chain verifiable locking or destruction scheme, the valuation ceiling of every rebound round is locked. This is not an emotional judgment; it is a structural problem.
Second data set: How much of the TVL is real money?
Core DAO is currently the largest Bitcoin sidechain in the BTCFi sector by TVL, locking assets over $314 million, staking more than 5,500 BTC, accounting for about 26% of all Bitcoin sidechain TVL. Over 76% of Bitcoin hash power participates in maintaining network security. Since mainnet launch, cumulative TVL has exceeded $1 billion, with over 31 million unique addresses.
But the TVL metric needs to be broken down.
On-chain analysis shows that over 86% of the ecosystem TVL is concentrated in "lending + re-staking" modules. What is the essence of these two modules? Leverage stacking. The March 2026 50% CORE crash triggered the Colend liquidation cascade, exposing this structural risk for the first time.
What is truly worth tracking is the institutional staking volume of lstBTC—long-term locked BTC is the real incremental narrative of BTCFi. Short-term arbitrage and wash trading funds will withdraw once the market changes, causing TVL to shrink instantly.
Currently, about 7,600+ BTC and 300 million+ CORE are staked network-wide, with about 35% of BTC stakers also locking CORE. This number shows the dual staking mechanism is genuinely operating, but staking rewards mainly come from CORE inflation issuance linearly released since 1981, not external income.
More people are staking, but where does the staked money come from? This question remains unanswered.
Third data set: Is ecosystem fee income enough to cover inflation?
This is the most painful of the three data sets.
The innate structure of CORE tokenomics: staking yields go to BTC stakers; CORE itself has no natural cash flow. The network continuously issues tokens for node rewards and ecosystem incentives, essentially perpetual inflation.
2026 is defined by Core as the "revenue era," with the core logic being to use BTC staking income, SatPay card fees, and other ecosystem revenues to repurchase CORE on the secondary market, replacing inflation subsidies.
But the flagship product SatPay has announced a delay due to licensing and regulatory issues, with over 20,000 users waiting in line and an undetermined launch date. Without real cash flow, the buyback plan is currently just a long-term vision.
How much real on-chain income is there now? Colend lending protocol's 30-day fees are about $400,000, with protocol income around $12,700. Core cross-chain bridge 30-day fees are about $255.
These numbers are nowhere near the monthly token issuance market value.
The conclusion is straightforward: ecosystem fee income is currently far from covering inflation, and CORE holders' equity is continuously diluted.
Putting the three data sets together, what is the answer?
No disposal plan for ghost tokens + lstBTC institutional funds not yet scaled + fee income cannot cover inflation.
None of the three conditions are improving.
This is not a verdict that "CORE will go to zero," nor a forecast that "CORE will take off." This is a project still running but without a closed commercial loop, stuck in the middle.
The chain is alive, code is updating, 76% of Bitcoin hash power protects it, and the hard fork emergency action was indeed effective. But between "being alive" and "running smoothly" lies 69 million tokens, a delayed flagship product, and a revenue curve that hasn't started yet.
On the practical side, three points:
First, watch the on-chain transfer records of ghost tokens. If one day these addresses show large-scale transfers into exchange wallets, no matter what others say, you know what to do.
Second, watch the institutional staking volume of lstBTC, not total TVL. Total TVL can be leveraged up; institutional long-term staking volume is the real signal.
Third, watch official announcements of SatPay. Product launch does not mean immediate large-scale income, but without the product, nothing else matters.
Stories can be told arbitrarily, but on-chain data does not lie.
Among these three data sets, which one do you care about most?
$CORE The cold splash from the CPI came down, and last night the S&P ended its streak of 53 consecutive days without a drop exceeding 1%. Looking at the pre-market today, the KOSPI has already crashed 7.6%, with SK Hynix and Samsung being hit by 11% and 9.5% respectively. What is the money doing? In one sentence: running away from "storytelling" places and hiding in places "with cash flow." It's very clear in the pre-market. Storage chips continue to get beaten down, SanDisk fell over 4%, Micron dropped 3.7%. But interestingly, the triple short semiconductor ETF (SOXS) rose nearly 7% pre-market. The money is not selling semiconductors; it is directly betting on semiconductors to continue falling. On the other side, TLT (20-year US Treasury ETF) rose 1.46% pre-market, money is hiding in bonds. The core contradiction of this wave is not "whether to raise interest rates or not," but "who will pay back AI's debt." CoreWeave's bond yield has already shot above 15%, the market is pricing it as "won't last five years." This thing is like the first domino; the market suddenly realizes: doing AI requires borrowing money, borrowing money has become more expensive, and those companies leveraging debt to build computing power may collapse first. Directionally, I tend to continue to see adjustments. The Philadelphia Semiconductor Index has already fallen for six consecutive days, down nearly 12%. But this time it is not a technical correction; it is money repricing the financing cost of AI infrastructure. After the index closed, the 10-year US Treasury yield fell back to 5.186%, indicating the market does not really believe there will be a rate hike in October, but is trading in advance on the expectation that "high interest rates will last longer." #USCPI unexpectedly rose to 3.7%, tonight PPI faces another test PPI and retail data released, with expectations exceeding forecasts once again delivering a heavy blow to the market! Inflation concerns and rate hike expectations increase!
This PPI and retail data basically negate the two optimistic scenarios I mentioned earlier. PPI proves that energy inflation has transmitted from the supply chain to the corporate side, so subsequent PCE will not be very good. Although retail data is weaker than the previous value, it far exceeds expectations, indicating that consumer inflation pressure has not eased.
If we look at last night's CPI, we could conclude that "mainly an energy shock, core inflation has not yet fully spiraled out of control."
However, combined with this PPI and retail data, it means that the price pressure caused by energy inflation is increasing, while demand remains resilient. Therefore, the risk of energy spreading to broader inflation is clearly rising, and the September PCE will not look good.
Currently, according to CME, the probability of rate hikes in October and December has not increased yet. We need to wait for the market to digest tonight's data and adjust pricing accordingly! #USCPI exceeds expectations to rise to 3.7%, PPI faces another test tonight [Quick Commentary] PPI explodes at 6.3%, BTC tests 81,000: The drop is due to interest rates, not chip dumping
Three things combined:
1. US September PPI year-on-year at 6.3%, expected only 5.3%, upstream inflation far exceeds expectations; combined with yesterday's core CPI all hot in three categories, October rate hike is basically confirmed, December probability further rises.
2. Initial jobless claims at 199,000, lower than expected—employment resilience gives the Fed confidence to "dare to continue raising". Hot inflation + stable employment = higher interest rates for longer, risk asset valuations continue to be suppressed.
3. A whale dormant for 5 years moved 4,582 BTC above $82,000, profiting 9.3 times. But the coins were split into 5 new addresses, not moved to exchanges—self-custody rearrangement, not selling.
In short: Macro is applying pressure, no selling pressure on-chain, this round of decline is driven by interest rate expectations, not chip dumping. Watch the 80,000 level and the 78,423 annual line trigger below; a break will be another story. $CRCL closed at $79.55 yesterday, around $76.1 pre-market, as the market trades new interest rate expectations.
There is an interesting contradiction here.
Circle's main revenue comes from USDC reserve asset yields.
Higher interest rates help maintain reserve yields but may also suppress risk asset valuations and increase competitive pressure in the stablecoin industry.
So, it’s not simple to assume that rate cuts benefit CRCL, nor that rate hikes necessarily do.
Technically, observe the $75–78.3 range.
If it climbs back above $78.3, a rebound to $82–84 can be simulated; breaking below $74 requires reassessment.
An improvement in a company’s operating environment does not necessarily mean its stock will rise.
I prefer to wait for both financial logic and price structure to be validated simultaneously.
#Circle earnings are coming soon; can stablecoin growth deliver returns? $BTC Impact on the Fed's October decision: rate hike shifts from "option" to "reality"
After CPI exceeded expectations, the market priced in about a 33%-34% chance of a rate hike in October, with institutions like Huatai still maintaining the view of "pause in October, hike in December."
However, the core PPI month-on-month increase of 0.7% completely broke this wait-and-see logic.
Producer prices rising at twice the expected speed means CPI faces greater upward transmission pressure in the next 1-2 months. Fed Governor Waller previously clearly stated he "wanted to see today's PPI before making a judgment," and now the data provides a crystal-clear answer: inflation is not under control but is accelerating.
The probability of a rate hike in October will likely jump sharply from 33%-34% to over 50%, and the baseline scenario of the FOMC meeting on October 27-28 "holding steady" is being rapidly overturned.
$BTC $ETH $SOL #TSMC Q3 net profit exceeds expectations, profits hit a record high #TSMC Q3 net profit exceeds expectations, earnings hit a record high High returns in live trading can easily mask the potential risk of large drawdowns
The market generally tends to treat impressive monthly returns as proof that this high-leverage swing strategy has sustainable profitability. A leaked trading record shows that the trader rotates operations among three types of assets, with a fast short-term open and close rhythm, achieving a 78.81% paper profit and a 78.21% win rate over the past thirty days.
A variable that is easily overlooked is the maximum drawdown of 48.60% during the same period, including one trade with a significant loss. Under high leverage, short-term profits do not indicate strategy stability; if market rhythm changes, the same method may amplify losses. A signal that can falsify the sustainability of this strategy is the reappearance of a drawdown of a similar magnitude.
Past closing records only represent historical results and do not predict future market trends. Where will you set your current pending order price and stop-loss point?
$BTC $ZEC $ETH $PUMP, $PONS: Both are token issuance platforms with buyback/burn mechanisms. So, can they support the token price? Is it a bottom-fishing opportunity now?
Conclusion first: Both tokens have observational value after their pullbacks, but the current cash flow decline directly weakens the price support.
1️⃣ $PUMP: Buybacks are real buying pressure, but selling pressure risk persists
The protocol rule is to use 50% of net revenue for buyback and burn; in the past 30 days, a total of $29.48 million was repurchased, averaging nearly $980,000 daily, providing some buying support.
However, the platform's revenue recently dropped 16% month-over-month, weakening buyback strength, coupled with monthly token unlocks for the team and investors, which can amplify selling pressure at any time.
Short-term focus is on whether $0.004 stabilizes.
2️⃣ $PONS: Revenue sharply shrinks, buyback flywheel lacks momentum
Current price is $0.30, down over 67% from the high.
The mechanism is 80% of protocol fees automatically TWAP buyback and burn, with the remaining 20% used for operations.
But the problem is: In September, the platform's protocol revenue was about $140 million; in early October, revenue sharply declined, daily trading volume shrank from a peak of $930 million to $100-190 million, and token issuance quantity simultaneously plummeted. Tesla deliveries exceed expectations, so why is the market still focused on profits?
Tesla delivered about 486,500 vehicles in Q3, surpassing market expectations, but still down about 2% year-over-year. This set of numbers is interesting: short-term demand isn’t as bad as imagined, but it’s not a complete turnaround either. What the market is really struggling with now is no longer just how many cars are sold.
If the automotive business stabilizes again, it can certainly support the valuation floor; but Tesla’s high valuation has long been supported by more than just car sales. Robotaxis, autonomous driving, and Optimus are all factored into future expectations. The question is when these stories will turn into sustained revenue rather than just emotional swings after each product launch.
More importantly, good delivery numbers don’t necessarily mean profit margins improve simultaneously. Price cuts, product mix, and production costs all affect the final results. When the earnings report is released on October 21, investors probably won’t just ask “how many were sold,” but will also inquire about automotive gross margin, cash flow, and the commercialization progress of the autonomous driving business.
So this time, although deliveries exceeded expectations, I don’t think it directly equates to a comprehensive fundamental turnaround. It at least proves demand still exists, but to support a higher valuation, Tesla needs to provide answers beyond just sales volume. And if profits continue to be under pressure, even impressive delivery data may not convince the market.
Do you think the market is currently buying into the recovery of a car company, or the future of autonomous driving and robotics? #Tesla deliveries exceed expectations, profit recovery becomes the focus $TSLA The True Historical Story of Bitcoin
During the 2008 global financial crisis, Satoshi Nakamoto published the Bitcoin whitepaper. In 2009, the genesis block was mined, embedding a headline about bank bailouts from The Times as a statement against the trust crisis in traditional finance.
In 2010, a programmer exchanged 10,000 bitcoins for two pizzas, marking Bitcoin's first real-world commodity transaction. In its early days, it was merely an experiment among cryptography geeks with almost no value.
In 2012, 2016, 2020, and 2024, Bitcoin underwent four block reward halvings, completing four cycles of bull and bear markets. Each cycle followed a very similar pattern: a prolonged bear market bottoming before the halving, retail investors panic-selling; rising expectations of the halving triggered a bull market, spreading wealth stories widely; after market euphoria peaked, the bubble burst, leading into a deep bear market.
At the 2017 bull market peak, the price neared $20,000; in 2021, it reached a high of $69,000; in 2024, the halving combined with the launch of a US spot ETF brought institutional capital officially into the market.
History tells us: halving only reduces the supply of new tokens and does not guarantee a bull market. Each cycle is a redistribution of chips. Most people find it hard to hold through the entire cycle—either selling at the bottom in panic or chasing at the top and getting trapped. Behind the stories of sudden wealth lies a very high risk of loss.
Supporting commentary:
Bitcoin is not a miracle for overnight riches; it is a decade-spanning, repeatedly unfolding human nature game.Inflation pours cold water again, the rate cut dream needs to be put on hold 🧊
September CPI came out, all lines "off the charts":
Overall annual rate 3.7%, 0.1 higher than expected, gasoline accounts for most of the increase;
Core annual rate 2.6%, expected 2.5%;
Core monthly rate 0.3%, expected 0.2%.
Entertainment, used cars, airfares, medical care, clothing prices rise one after another, this doesn’t look like a one-time spark, more like a widespread smoldering 🔥
The market immediately changed tone: bets on rate hikes heat up, even three more hikes before the end of 2027 are on the table. Rate cuts? Don’t line up for that yet 😤
The crypto world naturally feels bad. Originally betting on "oil prices pulling the overall, core still stable," now the core is also exploding, the narrative is directly stuck. If US Treasury yields continue to rise, no-yield assets will continue to be hammered. 🪙📉
Below 81,500-80,500, it will likely be tested tonight; above 84,400-85,200, the frying pan turns into an iron plate. High Beta like ETH, $SOL, $ZEC will only fall harder. ETFs are already bleeding, macro factors add more blows, making rebounds very difficult.
Don’t rush to bottom fish, don’t get carried away chasing shorts. Wait 15 to 30 minutes first to see which side the US stock market funds favor at open. The real direction will only be clear after 21:30. Tonight, patience is more valuable than courage ⏳ #USCPIExceedsExpectationsRisesTo3.7%,TonightPPIFacesTestAgain #TSMCQ3NetProfitExceedsExpectations,ProfitHitsRecordHigh 6.3% Drop: Bears Treat Tonight, Bulls Pay the Bill 🔨
The numbers are out: PPI year-on-year 6.3%, month-on-month 1.3%, expected were 5.4% and 0.6%, way above expectations. Retail sales month-on-month 0.8%, consumption still hot, inflation burning on both ends.
A solid beat beyond expectations. Rate hike bets are heating up again, risk assets are having a tough night.
Market: BTC price 80950, just broke 81000; ETH price 2359.55, 2350 right below; SOL price 102.07. ETH volume 289 million, BTC volume 192 million, shorts getting harvested.
Interesting in the long-short ratio: 24-hour shorts across the network at 51.75%, shorts starting to dominate; but BTC and ETH longs by coin still above 55%. Network-wide bearish, individual coins bullish, divergence appears—indicating this drop is macro-driven, not a crypto market crash, mostly sentiment-driven.
I said before "the bulls aren't dead yet," fees are still all positive now, BTC at 0.0049%, ETH at 0.0059%, SOL at 0.0041%. But with the 6.3% drop, "80,000 long positions" need caution, the lower long zone might really be taken out tonight.
How to view tonight: don't catch this first cut. After the surprise lands, the first wave is sentiment, the second wave is direction. Wait for the shorts to finish clearing the first wave before watching. Stay on the sidelines, save your bullets for tomorrow.PPI 1.3% 爆表，今晚的答案偏空
$BTC 和 $ETH 刚吃到 20:30 的数据：美国 9 月 PPI 环比 1.3%，预期 0.5%，创 2022 年 3 月以来最大单月涨幅；核心 PPI 0.7% 同样翻倍于预期。午评说的"等 PPI 定方向"，方向出来了——偏空确认。更扎心的是零售销售环比 0.8%，大超预期的 0.3%，初请 19.9 万符合预期：经济不弱叠加通胀爆表，这是最难定价的组合，10 月加息押注只会继续走高，风险资产两头挨打。
$BTC 现报 80742 美元，离 8 万防线一步之遥。判断：有效跌破 80000（看日线收盘，不是插针）即确认空头趋势，下看 77000 一带。失效条件：8 万守住且美债收益率回落，说明市场选择消化利空，则重回 82000–84000 箱体。操作：不追第一根破位阴线，等收盘确认再顺势；反抽 81500–82000 是减仓位不是加仓位。# Netflix Growth May Slow, Advertising Business Becomes New Focus
The streaming giant Netflix's traditional subscriber growth has clearly peaked, with user increments entering a bottleneck period, and overall revenue growth continuing to slow. The original growth logic has basically come to an end.
The market's core focus has completely shifted: the advertising business has become Netflix's only high-growth engine.
The data is very impressive, with advertising revenue expected to surge significantly in 2025. The company has set a clear goal to double advertising revenue to $3 billion by 2026. Leveraging AI-driven ad optimization, popular series, and sports live IP support, the scale of paying advertising users continues to expand, which is Netflix's key trump card to stabilize its valuation.
However, there are also critical weaknesses: the advertising business currently accounts for a relatively low share of revenue, making it difficult in the short term to offset the sluggish growth of the subscriber business. U.S. tech stocks now heavily rely on new growth drivers being realized; if advertising growth falls short of expectations, it can easily trigger a valuation correction.
Sentiment in U.S. growth stocks directly affects risk appetite in the crypto market. Weak growth in benchmark stocks like Netflix will suppress the overall tech sector's momentum. In the short term, avoid blindly bullish risk assets, maintain a cautious oscillation approach, wait for corporate earnings reports and new business data to materialize, and strictly apply stop-losses on all trades without prematurely betting on positive news.#TSMC Q3 Net Profit Exceeds Expectations, Earnings Hit Record High #TSMC Q3 Net Profit Exceeds Expectations, Earnings Hit Record High
TSMC's Q3 earnings report is out, the numbers are explosive, but the stock price fell.
Revenue grew 50.9% year-over-year to NT$1.49 trillion, net profit rose 68.7% year-over-year to NT$763.1 billion, setting a quarterly record and surpassing market expectations. The 2nm process accounts for 8% of wafer revenue, and advanced processes overall make up 79%. AI chip demand continues to support performance, this foundation is very solid.
However, the stock price dropped 2.67%. The issue lies in the gross margin guidance. The company gave a range of 65% to 67%, lower than Q2's actual 67.7%. The market worries that even if AI chip demand remains strong, if gross margins decline, it means cost pressures from advanced processes are eating into profits. Additionally, whether capital expenditures will be further increased is something to watch.
For BTC, this is not direct, but the underlying logic is connected. TSMC is a core supplier of AI computing infrastructure; its revenue and profit validate that AI demand is real, and the narrative of the computing power economy remains intact. BTC's long-term logic as an underlying anchor asset still holds. But the weaker gross margin guidance indicates rising costs of burning cash, and the entire semiconductor chain's valuation needs to be reabsorbed. In the short term, BTC is still bearing the pressure of CPI exceeding expectations; the impact of TSMC's earnings report is secondary.
Operationally, don't chase tech stocks just because TSMC's profits exceeded expectations. Wait for PPI data, see how US Treasury yields and the dollar move, then decide whether to enter or not. Multiple U.S. economic data released in the evening collectively showed negative signals: initial jobless claims, September retail sales, and both the annual and monthly PPI all exceeded market expectations. However, negative data does not necessarily mean the market will immediately plunge; the short-term impact of this data is limited, making it difficult to trigger a sharp one-sided market move.
Several data points strengthening simultaneously further confirm that the resilience of the U.S. economy remains, which will continue to keep the possibility of the Federal Reserve maintaining a somewhat hawkish stance. However, the influence of a single round of data is limited, and the market is likely to continue its current bottom-range oscillation pattern.
There is no need to blindly short just because of negative data; the focus should be on observing the capital flow release after the U.S. stock market opens in the evening, seeing how the market digests this batch of data, and then judging the subsequent direction of the crypto market. At this stage, continue to maintain a range-bound approach and patiently wait for clear signals from the market.
#U.S. CPI unexpectedly rises to 3.7%, PPI faces another test tonight $BTC $ETH #台积电Q3净利润超预期，盈利创历史新高
台积电Q3业绩超预期：营收1.49万亿新台币、净利7631亿，同比大增68.7%，2nm量产贡献8%，先进制程占比达79%，AI需求仍是核心支撑。但股价不涨反跌，说明利好已被提前定价。市场真正担忧的是：毛利率受2nm初期量产和海外建厂拖累，以及2027年资本开支可能大幅膨胀。简单说，基本面很强，但短期情绪从“追AI叙事”转向“算AI回报”。后续关键看Q4指引和资本开支是否再超预期；若只是符合预期，估值消化压力仍会压制股价。中长期AI逻辑未破，短期波动难免。Before the PPI data was released, the market was already falling; once the data came out, it accelerated sharply downward.
$BTC slid all the way from above 83000 to 80168, $ETH dropped to 2315, $SOL was the worst, hitting a low of 100.46, barely holding the triple digits. Now it’s catching its breath a bit, with BTC at 81000, ETH at 2363, and SOL at 102.15.
PPI at 6.3%, expected 5.3%, inflation hasn’t come down at all. CPI just exploded, now PPI follows suit. Rate cuts are completely off the table, and the threat of rate hikes is back. This isn’t just a single data issue; two consecutive inflation indicators are slapping the market in the face, basically shattering the market’s fantasy of a Fed pivot.
Looking at the market, the first wave of the sharp drop just passed, but bulls aren’t giving up yet. Positions haven’t decreased much, and funding rates haven’t turned extremely negative, indicating leverage hasn’t been fully cleared. Bottom-fishing now is just handing out money; even if you want to try, wait until the market volume shrinks and stabilizes.
I’m still holding short positions—not because I’m bearish, but because in this kind of market both longs and shorts are easily stopped out. Forcing trades now is just giving away money. Let leverage digest itself first; there’s no rush now.
Key support levels below: BTC 80000/78000, ETH 2300/2200, SOL 100/95. Don’t rush to catch at these round numbers; catching poorly means bleeding hands.
Did you hold up through tonight’s market?
#USCPIexceededexpectationsto3.7%,PPIfacesatesttonight
#BTCspotETFlargeinflowsfollowedbynegativeturn
#ETHshakenafterhitting$2500 Hayes was buying aggressively today, and ZAMA jumped 9% along with it, but this market is too thin to get too excited about.
On-chain monitoring detected that Arthur Hayes bought about $888,000 worth of tokens today through FalconX and Flowdesk, including roughly 3 million ZAMA tokens valued at about $197,000, alongside AERO and PENDLE. ZAMA works on fully homomorphic encryption, which basically means data remains encrypted while being computed on. This fits perfectly into the AI privacy computing narrative. When a celebrity buys in, the funds tend to ignite the story, and OKEx spot price surged up to +9.4% today, reaching around 0.074.
Let's cool down a bit: ZAMA's share in this basket is the smallest, less than 20%, with the real heavy hitter being AERO; plus, the 24-hour spot trading volume is only around $1.55 million, and the price is already close to the intraday high just below 0.076. With such a thin market, a celebrity wallet can be both a tailwind and a trap—easy to pump but also easy to dump without warning.
Watch for one signal: whether Hayes' wallet adds more positions and if the volume can hold above 0.076; relying on a single $197,000 buy to hold the price is risky, and once the hype fades, a pullback is highly probable. DYOR, not investment advice.
#ZAMA #FHE #AI#TSMCQ3RecordProfit Chủ tịch Fed New York Williams phát biểu theo xu hướng ôn hòa
Vai trò của Williams khá đặc biệt, ông có một mức độ độc lập tương đối.
Ông là thành viên duy nhất của FOMC (Ủy ban Thị trường Mở Liên bang) nhưng không phải là thành viên Hội đồng Thống đốc Fed.
Là chủ tịch ngân hàng khu vực, nhưng là người duy nhất thường trực có quyền bỏ phiếu trong quyết định của Fed.
Williams cho rằng năm nay có thể sẽ tăng lãi suất thêm một lần nữa, năm sau không cần tăng thêm.$ETH data has been released, and it's still all bearish!
To put it simply, PPI usually leads CPI, but this time it came after CPI.
Both the monthly and yearly rates exceeded expectations by a large margin. CPI leading is bearish, PPI following is also bearish, and it sets expectations for future price increases!
My understanding is: PPI is the Producer Price Index. When PPI rises, production costs increase and inevitably get passed on to consumers. However, today's retail sales monthly rate did not signal a cooling in consumption; the reported value even reached 0.8%, which means consumer willingness and ability remain strong despite high prices.
The conclusion is: both PPI production costs and consumer spending power are pushing inflation higher, because the retail sales monthly rate measures total consumption amount (excluding dining out, and other service industries are not included).
Initial jobless claims also did not indicate weakening employment, adding another layer of hawkish evidence!
Today's three data points—PPI, retail sales monthly rate, and initial jobless claims—all point to bearish outcomes.
For reference only, not investment advice. #USCPI unexpectedly rose to 3.7%, and tonight PPI faces another test The liquidation heatmap has just been updated, and the liquidation points for the four coins have tightened almost simultaneously, which is more alarming than any single indicator. $BTC current price is $81,655.8, with the largest short pain point above at $83,259.04, only +1.96% away; the largest long pain point below is at $81,200.95, just -0.56% away. $ETH current price is $2,417.3, with the upper point at $2,463.62 (+1.92%) and the lower at $2,396.69 (-0.85%). $SOL current price is $104.39, with the upper at $105.664 (+1.22%) and the lower at $103.364 (-0.98%). $ZEC current price is $1,140.51, with the upper at $1,197.072 (+4.96%) and the lower at $1,122.714 (-1.56%). What is truly noteworthy is not these numbers themselves, but the structure: the lower liquidation zones of all four coins are concentrated within less than 1.6% from the current price, while the upper pain points are dispersed between 1.2% and 5%. This asymmetry indicates that leveraged longs are accumulating in the same narrow zone, and once triggered, liquidations will cascade like dominoes. $ZEC has the thinnest lower buffer zone; the -1.56% gap means it has the lowest tolerance for external volatility, while the upper short pain point at +4.96% is$BTC $ETH PPI data explodes, will the bulls completely become fuel when the US stock market opens tonight??
This time, the US PPI data directly exceeded expectations, with the annual rate soaring from the previous 5.4% and expected 5.3% to 6.3%; the monthly rate also rose from the previous 0.4% and expected 0.5% to 1.3%. Inflation pressure on the production side has clearly increased.
More importantly, retail data performed better than expected, indicating that US consumption still has resilience and the economy shows no obvious signs of recession for now. Under these circumstances, the Federal Reserve's room for rate cuts may be further limited.
Previously, market bets on rate hikes had already heated up, and after the PPI exploded again, related expectations may continue to be revised upward. However, rate hikes are not set in stone; future moves will depend on inflation trends, employment data, and the Federal Reserve's policy statements.
If the risk in the Strait of Hormuz continues and oil prices keep rising, inflation pressure may further increase in the future. #USCPI exceeds expectations to 3.7%, PPI faces another test tonight The whole market is looking for a bottom, but institutions are not panicking at all. I reviewed yesterday's ETF data and found something quite unusual.
First, look at $BTC with a net outflow of 31.44 million yesterday. BlackRock sold 13.34 million, Fidelity sold 18.36 million. They just bought over 20 million the day before, and sold it all the next day. This shows institutions are just testing BTC, pulling back immediately once CPI spikes.
Next, $ETH had a net outflow of only 51,900. Grayscale sold a little, BlackRock sold a little, basically no movement. The price has dropped to 2315, yet institutions neither buy nor sell, just watching.
$SOL is even more interesting: net outflow of 12,200, only Bitwise is selling. This is the 8th consecutive day of outflows, but compared to tens of millions in previous days, today's volume is almost negligible. The main force dumping the price is no longer ETFs, but longs in the contracts themselves stepping on each other.
My conclusion: institutions are not panicking, they are waiting. The selling pressure on ETH and SOL is actually decreasing. This current drop is mainly long liquidation by longs against longs. The SOL long-short ratio is still 2.68, longs haven't fully exited, so the chain reaction isn't over. Bottom fishing in this market is a gamble; wait until liquidation data is mostly out and the market stabilizes before considering action.
Key levels to note: BTC 80,000 / 78,000, ETH 2,300 / 2,200, SOL 100 / 95. Pure ETF flow and market observation, not any trading advice.This time, the US CPI data exceeded market expectations, confirming inflation stickiness. The market has lowered expectations for Federal Reserve rate cuts. US Treasury real yields and the US dollar index are rising, global financial conditions are marginally tightening, and risk appetite in the crypto market is simultaneously declining. The market structure shows differentiation characteristics: Bitcoin is relatively resilient, while Ethereum and altcoins have larger adjustment ranges; contract market leverage longs are concentrated in stop-loss, with a clear short-term capital clearing feature.
Regarding the subsequent market trend, the short-term market is likely to maintain a weak oscillation pattern. The data continues to decline, and the market rebound is more of a phased repair; the core observation indicators going forward are the core PCE data and policy statements from Federal Reserve officials. Changes in liquidity expectations remain the core variable guiding the mid-term direction of the crypto space.The US September PPI year-on-year recorded 6.3%, the highest since May 2026, exceeding market expectations.
As soon as the data came out, inflation surged again. Is the Federal Reserve's plan to cut interest rates completely shattered?
For the week of October 10, initial jobless claims were 199,000, below the expected 200,000, with the previous value revised to 198,000. The labor market remains tight. The September PPI year-on-year soared to 6.3%, far exceeding the expected 5.3%, with the previous value revised upward to 5.6%. Inflation pressure on the production side has exploded.
Here is a counterintuitive perspective: initial jobless claims seem healthy, but the PPI surge indicates that cost pressures are intensely squeezing the end consumer side.
Currently, companies prefer to squeeze profit margins rather than lay off employees easily, creating a stagflation shadow where employment appears stable but corporate profits are under pressure.
PPI is usually a leading indicator of CPI.
With production costs out of control, consumer inflation in the coming months will not decrease at all. The market's previously bet high-frequency rate cut logic has been shattered, and the Federal Reserve is now trapped in an extremely passive and awkward situation.
It is estimated that in the short term, risk assets such as US stocks and the crypto market will face severe shocks from liquidity repricing. The hawkish camp within the Federal Reserve will quickly rise, and it is even possible that discussions about pausing rate cuts will be revisited.
It is recommended to avoid high leverage in the short term, focus more on assets with stable cash flow, and prepare for a second test of liquidity tightening.
DYOR
#USCPI unexpectedly rose to 3.7%, and tonight PPI faces another test #TSMC Q3 net profit exceeds expectations, earnings hit a record high
However, the stock price reaction is moderate, mainly because expectations are already very high. The ramp-up of 2nm will pressure profit margins, coupled with huge capital expenditures. Management is also cautious about next year, so don't expect a big surge in the short term. US September PPI exploded: final demand month-on-month +1.3% (expected about +0.6%), year-on-year +6.3% (expected about +5.4%), year-on-year excluding food, energy, trade, and services +5.0%. This is one of the strongest year-on-year increases since the end of 2022, another round of upstream inflation pressure following the hotter-than-expected CPI. Short-term risk assets should first watch for volatility; avoid chasing highs or panic selling. BTC spot around 80930 USDT, ETH around 2358 (Beijing 20:37, OKX). This does not constitute investment advice.Three consecutive bearish candles, but the reasons for the decline are not the same.
On the same day of decline, $BTC, $ETH, and $SOL each have their own sources of selling pressure.
For $BTC, it's a sentiment retreat:
No large holders collectively withdrawing on-chain, and there is still support near the 400-day moving average.
For $ETH, it's capital moving:
ETF has continuous net outflows, wallet balances are migrating out, indicating holders are actively reducing positions.
For $SOL, the pressure is on the contract side:
Perpetual shorts are increasing, leverage is pushing the price down, while spot outflows are relatively limited.
In other words, the one that fell sharply did not see much chip turnover.
The one that fell steadily is where money is truly flowing out.
#BTC spot ETF net outflows again, can institutional buying recover?
#$BTC $ETH US September PPI rose 1.3% month-on-month, expected 0.5%, previous 0.4%; core PPI rose 0.7% month-on-month, expected 0.3%, previous 0.2%. Both readings significantly exceeded market expectations and accelerated noticeably compared to August. Historically, the PPI month-on-month has been positive and rising for two consecutive months: 1.1% in May, turning negative to -0.3% in June, back to 0% in July, rising to 0.4% in August, and September's 1.3% is the highest in this sequence. The core PPI's 0.7% is also the highest growth rate in recent months, indicating that price pressures excluding food and energy are also expanding, rather than a single component pushing up the overall reading. The simultaneous acceleration of producer prices means that the cost increases faced by companies are spreading. Whether this will be passed on to consumer prices will be a key observation point for the market to judge the inflation path. #USCPI unexpectedly rose to 3.7%, tonight PPI faces another test