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#Meta releases MuseWonder, stock price rises over 3%
🔥My first reaction when I saw this news: Oh.
Not out of disrespect, I just really don't feel much.
AI giants launch new products, stock prices rise, that's natural. But if you think that means AI concept coins in crypto will also take off, I advise you to calm down first.
What's the current state of the market?
Bitcoin is stuck at 84,000, options volatility is at a five-year low, U.S. Treasury yields at 5.6% are suppressing off-exchange funds. ETFs are still flowing out, and the tax season selling pressure isn't over.
Money is just lying in U.S. Treasuries earning interest; who has the leisure to come to crypto to speculate on AI concept coins?
Meta's stock rises, fine, but on our side, things stay flat. One product launch can't change the capital flow.
So don't get carried away.
Hold your spot positions firmly, avoid contracts, keep your USDT.
Chasing AI concept coins at times like this is no different from throwing money blindly.
Wait. Wait for this tax season to pass, wait for macro conditions to ease, then talk about opportunities.
Would you chase AI coins because of Meta's product? Be honest in the comments.Good news about the project, first check who benefits
$ARB I will first look at what exactly needs to be bought in a transaction. Arbitrum One's transaction fees are paid in Ether, and ARB mainly serves a governance function. This means that an increase in on-chain transactions does not force users to buy ARB per transaction. The more prosperous the ecosystem, the more governance rights may be valued, but how this value is recognized by the market still requires concrete basis. So when I see a new high in transaction volume later, I will continue to ask: has the growth formed a sustained token demand? If this step is not clarified, there is still a gap between business activity and token price increase.
$LDO I will first check whose account the earnings are recorded in. Participating in staking through Lido yields stETH, which represents the staked assets and earnings; LDO carries the governance function. Therefore, an expansion in staking scale cannot be directly interpreted as each LDO holder receiving an extra share of interest. What I want to see more is how much protocol revenue the scale growth brings and how governance ultimately arranges this revenue. Just seeing more assets deposited is not enough to calculate the token holder's earnings.
$ONDO I will first confirm what rights are obtained by buying it. The official definition of ONDO is a governance token. When studying it, I will not directly treat the earnings of the project's financial products as earnings for token holders. Good product sales are worth noting, but it is necessary to clarify: who receives the new income and through what mechanism do token holders benefit. This time, I prefer to follow the flow of money in my research and give less credit to vague statements like "the sector has good prospects." The CPI will be announced tonight. For detailed views, refer to the two previous quotes which have already explained everything clearly. To summarize simply, the outlook is rather pessimistic and bearish, expecting a somewhat hawkish deviation in the data. At this moment, the probability of a rate hike in October is 21.6%. Given the high oil prices in September, a CPI rebound is inevitable. The only point of contention is how strong the rebound will be—whether it meets expectations or exceeds them. Among the four figures, if two annual rates and one overall monthly rate final data are higher than the previous values but lower than expected, then the recent decline might be due to the market being overly pessimistic and oversold, and the data release could trigger a rebound. If the data exceeds expectations, then the US stock market might face a mass sell-off. As for data below expectations, I dare not even consider it, as it neither aligns with reality nor justifies adjustments to the Fed's rate expectations. Unless Trump really wants to prop up the US stock market again at this moment, but with the US-Iran situation and high oil prices looming, it’s somewhat difficult for the US stock market to rally further in the short term. He has no reason to pay more sunk costs when he is destined to lose in both houses; better to focus on work after the election. Among the four CPI figures, the most critical and currently the only expected value lower than the previous is the core monthly rate. If this data can truly be controlled, risk markets might not perform too badly tonight. In summary, from a broader perspective, the best outcome for tonight’s CPI and tomorrow night’s PPI is to allow the already peaking US Treasury yields to continue declining, so that risk markets can fundamentally improve. An overall monthly rate around 0.5% and a core monthly rate of 0.2% or lower is the most favorable combination for the bond market; core 0.1 Macro perspective: Williams rules out rate hikes in 2027, boosting sentiment in the short term
New York Fed President Williams stated that there is no need for further rate hikes in 2027, although he still maintains the stance that another rate hike may occur this year.
Interpretation: Williams' statement itself does not change the rate hike expectations within this year (October/December), but by explicitly ruling out a tightening path in 2027, it suggests that the current rate hike cycle is nearing its end. The market interprets this as a "forward liquidity inflection point" signal, weakening the dollar and boosting Asian stock markets. Bitcoin rose 1.5% to nearly $83,900 accordingly.
📊 Special importance of CPI data: The September FOMC minutes showed that 19 officials unanimously supported a rate hike in September, with most believing another hike before year-end might be appropriate. The probability of a December hike has risen to about 70%. Tonight's CPI is the last key inflation data before the October meeting; if the data is below expectations, it may cool down December rate hike expectations; if it exceeds expectations, it will reinforce pricing for "at least one more hike before year-end."
$BTC $ETH $ZEC #SanDiskMicronDown, ChangXinTechProgressInFocus CPI will be released tonight at 8:30 PM, and the main focus for Bitcoin is just one data point: core CPI. $BTC
Core CPI for August is 2.4%, and the current expectation remains 2.4%. Everyone is watching whether the total CPI will hit 3.7%, but that increase mainly comes from expensive oil, with Brent crude now at $106. What really determines Bitcoin's direction is the core CPI. $ZEC
If the core CPI rises above 2.5%, it means oil prices have started to seep into other areas. Shipping costs, wages, and various goods will gradually increase, making the Fed more confident to raise interest rates. US Treasury yields hitting 5.3% makes Bitcoin at 84,000 more vulnerable, and it will likely look for lower levels. $ETH
If the core remains steady at 2.4%, then this round is just about oil. The Fed will most likely not raise rates at the end of the month, US Treasuries can catch a breather, and Bitcoin will have a chance to ease up.
The reason the Fed focuses so much on the core CPI is because they were scared by the 1970s. In 1973, inflation quadrupled again, and when inflation eased, the Fed slowly cut rates, thinking the problem was over. But oil seeped into everything, and when Iran was in turmoil in 1979, the second wave was even worse than the first, with rates eventually raised to 20% to contain it.
This time, Iran is leading again.
So tonight, don’t just look at the headline big number; go straight to the core line. Whether it’s 2.4% or 2.5%, that 0.1 difference is the difference between Bitcoin going up or down. #SeptemberCPI released tonight, Fed rate hike divergence awaits resolution Wednesday, 2026.10.14
The US stock market started to fluctuate yesterday, and Bitcoin followed suit. Tonight, the CPI data will be released, and tomorrow the PPI data. Let's see what expectations these two data points will create for the Federal Reserve and the market.
On October 13, Bitcoin ETF net inflow was 175 million, Ethereum ETF net inflow was 24.8 million.
Market Analysis
Currently, Bitcoin's market seems to still be waiting for tonight's CPI. US stock futures have already started to fall, and Bitcoin has been dragged down as well. However, a drop before the data release is usually a good sign, as there is often a possibility of a reversal after the announcement. The 84,000 level now presents strong resistance, having failed to break through multiple times. It can be regarded as a short-term right shoulder peak, and the price may continue to fluctuate around the 81,000-84,000 range.
Crypto Fear and Greed Index: 55 (Neutral) The current price is 83297, fluctuating closely along the upper edge of the 400-day moving average. Bulls have defense around 81000, but the long positions with 10x leverage at 83639 form obvious resistance. On the macro side, US Treasury yields are rising, the probability of interest rate hikes remains high, and US dollar liquidity is not further easing, so risk assets lack direct driving forces. The 24-hour long position liquidations amount to 592 million, indicating that some short-term chasing funds have been cleared but not fully released.
Just finished a trade climbing six floors, sweat not yet wiped off, the market position now is not suitable for rushing to chase. Before the non-farm payrolls, sentiment is tense; if the 83600 to 83750 range cannot be broken with volume, the price is more likely to pull back to the 81000 area. The current main strategy is to short in the 83600 to 83750 range, take profit at 81600, and set a stop loss above 84200.
If the price first retests 81000 to 81300 and stabilizes, then switching to long is not too late, with take profit at 83100 and stop loss at 80400.
$BTC
#SanDisk and Micron decline, Changxin's technical progress under focus
@OKX Planet Fund managers’ stated 5.9% switching point for the 10Y Treasury is useful precisely because the yield is still around 5.2% and no broad rotation has followed. It frames 6% as a decision threshold, not a forecast. With 19% already reallocating, positioning may change before consensus does, while the timing remains uncertain.
#BofAStockBondDivide $ZEC 这个盘口太有意思了，早上主力用了一笔300万的现货对敲，直接把价格从1220拉到1280。盘口薄的可怜，可随后主力扔了一笔将近1000万的现货，价格居然没有下去。有意思CPI will be released tonight at 8:30 PM, and the main focus for Bitcoin is just one data point: core CPI. $BTC
Core CPI for August is 2.4%, and the current expectation remains 2.4%. Everyone is watching whether the total CPI will hit 3.7%, but that increase mainly comes from expensive oil, with Brent crude now at $106. What really determines Bitcoin's direction is the core CPI. $ZEC
If the core CPI rises above 2.5%, it means oil prices have started to seep into other areas. Shipping costs, wages, and various goods will gradually increase, making the Fed more confident to raise interest rates. US Treasury yields hitting 5.3% makes Bitcoin at 84,000 more vulnerable, and it will likely look for lower levels. $ETH
If the core remains steady at 2.4%, then this round is just about oil. The Fed will most likely not raise rates at the end of the month, US Treasuries can catch a breather, and Bitcoin will have a chance to ease up.
The reason the Fed focuses so much on the core CPI is because they were scared by the 1970s. In 1973, inflation quadrupled again, and when inflation eased, the Fed slowly cut rates, thinking the problem was over. But oil seeped into everything, and when Iran was in turmoil in 1979, the second wave was even worse than the first, with rates eventually raised to 20% to contain it.
This time, Iran is leading again.
So tonight, don’t just look at the headline big number; go straight to the core line. Whether it’s 2.4% or 2.5%, that 0.1 difference is the difference between Bitcoin going up or down. #SeptemberCPI released tonight, Fed rate hike divergence awaits resolution Saylor说比特币会重回10万以上
他在彭博电视台讲了这番话。
原话是牛市才刚开始。
他的原话是：
他说币价在略低于6万处触底。
往后几年每年涨两到三成。
换成白话：
这话的前提是有人持续买。
他打算发更多信贷证券来买。
MSCI这周五要定一件事。
可能把Strategy从全球指数里剔出去。
剔出去，跟踪指数的钱就得被动卖。
一个靠发债买币的公司，
被指数踢出去，融资成本会往上走。
这比币价短期涨跌更值得盯。
#BTC现货ETF再度净流出，机构买盘能否回暖？
#$BTC When the name Williams came up, my first reaction wasn’t about a rate hike, but his phrase "Don’t rely on a single data point."
To translate, it means no matter what the CPI shows tonight, don’t get too excited.
The key is actually the core CPI, expected to drop from 0.3% to 0.2%.
Don’t underestimate this 0.1; it’s the number the Fed cares about most.
And he said price pressures are concentrated in AI and energy, not spreading elsewhere.
This puts pressure on the dollar but eases the tone a bit for risk assets.
But note, he just doesn’t want to accept the 2027 pricing, not that he wants to ease monetary policy.
So this move is more of a sentiment boost, not a trend boost.
As long as core CPI tonight doesn’t exceed 0.2, $BTC will likely get some breathing room.
If it exceeds, all previous talk is for nothing.
Focus on this number first; everything else is secondary.
#九月CPI今晚公布，美联储加息分歧待解
#$BTC CPI announcement tonight, three coins with three different reactions.⏳
$BTC 83600, +1%
The semiconductor sector collapsed completely, yet it quietly turned green. ETF net outflows last week hit a three-and-a-half-month high, institutions are redeeming, but the price bounced back from 82900 — there’s buying at the low level, and it doesn’t look like retail volume. Harmak was hawkish during the day, but tonight CPI is the referee. 83600 is pressing on the 40x short liquidation line, volume has shrunk and moved sideways for three days, once the data is out, it will be either a big bullish or bearish candle, it has to be one.📈
$HYPE 81.062, -3.9%
Slid from 85 down to 81 with no decent rebound in between. 97% revenue buyback sounds strong, but revenue has declined for four consecutive quarters, buybacks are supported by profits, not cash flow. After breaking 85, short-term funds withdrew first. Whether 81 can hold depends on CPI: if data is good, it will bounce faster than BTC; if data is bad, it will fall harder.🎢
$ZEC 1192, -5.7%
Just bounced 9% a few days ago, today it gave all back and even dropped further. The privacy coin script: up one day, down three days, no fundamentals, only sentiment. Once the 1200 round number breaks, no one knows who will catch it below. In a rate hike cycle, it acts more like a volatility tool, not a portfolio asset, don’t fall in love with it.💔
This article is for market analysis only and does not constitute investment advice. #SeptemberCPIannouncementtonight #FedRateHikeDisagreementPending #TSMCQ3RevenueHitsNewHigh #ProfitPerformanceToBeRevealed #KoreanStocksReboundNarrowAfterSharpDrop #CanSemiconductorBuyingSustain? Where is Tesla's next phase of growth?
I believe $TSLA's next phase of growth will come from service revenue. Take $AAPL as an example: after selling iPhones, Apple continues to generate ongoing income through software services like the App Store, iCloud, and Apple Music.
Tesla is in a similar situation; FSD and Robotaxi are the key areas to focus on.
Regarding FSD:
There are already nearly 1.5 million paying FSD users among Tesla owners. This is built on a large amount of road data and a user base, which is not as easy to replicate as car manufacturing.
Regarding Robotaxi:
In fact, many driverless taxis are already in operation domestically. Tesla's Robotaxi technology certainly has no issues; the main challenges lie in regulation and safety, which will take some time.
Once implemented, owners can drive their cars during the day and add them to the Robotaxi network at night to operate autonomously for ride-hailing services, potentially running 24/7 automatically.
Current issues:
Expectations for FSD and Robotaxi are already partially reflected in the stock price.
At the same time, Tesla faces pressure from domestic car price wars and cannot compete with domestic cars in sales volume, which will indirectly affect the number of users generating service revenue.
Therefore, there is a significant divergence of extreme views on the bullish and bearish sides.The two major investment banks' earnings reports show a stark contrast, with BTC stuck at 83,500 waiting for CPI 🔥
Goldman's Q3 earnings far exceeded expectations, with revenue and profits soaring, and stock trading income surging 72%. The more volatile the market, the more it profits.
In contrast, JPMorgan's performance fell short of expectations, with fixed income trading revenue shrinking and significant losses in securities investments.
The banking sector as a whole has dropped over 8% in three months. The market is grappling with three issues: the future path of interest rates, the impact of AI on banking, and geopolitical risks. Funds are generally cautious and reluctant to take heavy positions.
This divergence has also spread to the crypto market. The sharp increase in Goldman’s trading indicates frequent fund turnover, but funds have not stayed in the banking sector.
BTC is currently stuck at 83,500, which is the key support level this week. Holding here will prevent a drop back into the volatile 60,000-80,000 range. The market is waiting for CPI to break the deadlock. #SeptemberCPI announced tonight, Fed rate hike divergence to be resolved #GoldmanQ3earningsbeatexpectations, USbankearningsdiverge
⚠️Personal market observation only, not investment advice #ASML Earnings Preview: EUV Orders as Key Focus Inflation Data Released, Watching Whether Funds Choose Multi-Currency Simultaneously
Bulls await inflation benefits to materialize, but institutional funds continued to withdraw on October 12. SoSoValue data shows a net outflow of $65.4 million from US spot BTC ETFs and $85.4 million from ETH spot ETFs. Fund outflows do not necessarily mean the market will decline, but indicate a lack of incremental buying support in this rebound. Tonight, PPI and CPI will be released consecutively; the market expects overall inflation to rise, with a possibility of core inflation slowing month-over-month.
No prediction on price direction, only tracking three groups of fund behavior: whether core CPI is below market expectations; during BTC rallies, whether ETH and SOL can simultaneously attract funds; and whether prices can hold the range after the initial pulse. If only BTC surges alone while other assets see continuous fund avoidance, it should not be judged as a full recovery. Short-term sentiment is data-driven, and market continuation depends on the strength of subsequent incremental fund inflows.
At what price levels would you set your orders and stop losses to respond to tonight's data?
$BTC $ETH $SOL "Why is ETH lagging behind, and what does it take to overtake?"
Recently, $ETH has consistently underperformed $BTC, with the core issue still being capital. BTC spot ETFs saw a net outflow of about $679 million in the same week, while ETH ETFs experienced nine consecutive outflows, totaling a hemorrhage of $635 million in October. ETH ETFs have a higher share of volume, so redemptions bring more direct selling pressure, and fundamental improvements are currently unable to outpace capital withdrawal.
ETH briefly outperformed in September, but entering October, U.S. Treasury yields rose and rate cut bets cooled, causing market risk appetite to contract. Capital prioritized withdrawing from high-beta assets; BTC, with its safe-haven label, proved more resilient, while ETH, being more growth-oriented, saw its relative price decline.
For ETH to regain leadership, at least one of the following is needed:
1. Macro liquidity loosens, risk appetite warms, and capital returns to DeFi, L2, and NFTs;
2. Strong catalysts emerge, such as upgrade implementation, staking and on-chain revenue exceeding expectations, or regulatory tailwinds;
3. The main trading theme shifts from macro risk-off back to crypto ecosystem rotation.
Summary: ETH is not without opportunity, but capital and narrative have yet to resonate. Holding support and waiting for catalysts is more crucial than chasing rebounds.
This is only a market observation and does not constitute investment advice.
$BTC $ETH
#BTC and ETH spot ETFs see simultaneous outflows, is institutional demand weakening? #September CPI announced tonight, Fed rate hike divergence awaits resolution #TSMC Q3 revenue hits record high, profitability performance to be revealed The big test at 8:30 PM tonight will announce the CPI year-over-year and month-over-month rates. How should one react in the short term (5-30 minutes)?
The year-over-year rate itself will not trigger an immediate price jump at the open; it is used for qualitative assessment:
Short term 0–30 minutes
After traders receive the month-over-month rate, they immediately look at the year-over-year rate for qualitative judgment:
1. Month-over-month rate is high, but year-over-year continues to decline → Market interpretation: short-term volatility, but the long-term trend of inflation is still falling, so the bearish impact on gold will be discounted;
2. Month-over-month rate is high + year-over-year rate rises simultaneously → Double hawkish, the trend is more likely to continue.
Additional important reminder
There is a special case: data extremely deviates from expectations (for example, core month-over-month rate 0.4% or 0.0%)
Such extreme data will directly rewrite Fed expectations, and the impact will extend to 2–5 trading days. At this time, the weight of the year-over-year rate will significantly increase, leading to a sustained one-sided market for several days.
Brothers, are you also closely watching the big test at 8:30 tonight???
$ETH #September CPI announced tonight, Fed rate hike divergence awaits resolution A strategy for quickly growing small capital｜Deconstruction of index options trading strategy
Many people ask: What exactly should small capital rely on to grow quickly?
Theoretically, to quickly scale up principal, you can't do without "heavy positions + leverage."
But this approach has a fatal flaw: if the chosen asset is wrong or the directional judgment is off, it goes straight to zero.
So the core of this strategy is to first limit the asset:The most frustrating part of this round isn't the ups and downs, but the rhythm.😵
Just when you think the weakness is confirmed, the short positions get pulled up sharply; the more it falls, the braver you get adding shorts, and the rebound immediately comes to trap people.
Looking at the data:
1-hour liquidations totaled 5.6 million, shorts 4.28 million, about 76%;
4-hour liquidations totaled 20.19 million, shorts 14.39 million, about 71%;
24-hour $BTC liquidations 32.85 million, shorts accounted for 78.7%; $ETH liquidations 28.98 million, shorts accounted for 63.5%.🔥
BTC shorts are being liquidated more harshly; this wave looks more like a targeted hunt on shorts.
The pattern is clear: price pulls up → shorts close positions → buybacks push price → trigger next batch of forced liquidations. Self-reinforcing, the higher it goes, the more it squeezes shorts.🚀
But a rebound does not mean a reversal. Spot ETF outflows reached 679 million this week, ETH outflows 542 million; Coinbase premium dropped to July lows, with spreads turning negative at times. Buying pressure mainly comes from passive derivative buybacks, not active spot buying. South Korean stocks fell 5.5%, AI confidence shaken, and if tonight's CPI is hawkish, volatility will only increase.⚠️
Next, just watch: can the pullback hold?
BTC: 81,300–82,000, near the 400-day moving average, holding here is key.
ETH: 2,480–2,495, previous low at 2,494 must not be lost.
#SeptemberCPI announced tonight, Fed rate hike divergence to be resolved #TSMC Q3 revenue hits record high, profitability to be revealed #Korean stocks narrow rebound after sharp drop, can semiconductor buying continue? #谷歌云业务增长82%，AI投入回报如何？
Google Cloud grew 82% this quarter, the numbers are truly explosive. But look at another figure: it raised its 2026 capital expenditure guidance directly to $195 billion to $205 billion. This isn’t about making money; it’s about pouring money aggressively into AI infrastructure. The market is now focused on two things: whether cloud business can keep growing strongly, and whether profit margins and cash flow will be dragged down by capital expenditures.
Last quarter’s earnings caused sharp drops for Google, Intel, Tesla, and SpaceX, but those who bought the dip after the reports have mostly seen prices recover to pre-earnings levels. This shows the market is somewhat desensitized to earnings shocks; as long as your story is strong, there will be buyers. Google also conveniently released Gemini 4 Argon to developers and enterprises worldwide, clearly competing with OpenAI for territory.
My view is simple. Google Cloud’s growth is solid, but the return cycle on AI investments is long, so stock price volatility will be significant. In the crypto space, don’t blindly rush into concept coins just because AI giants are spending big; pay more attention to who actually holds real assets.
What do you think? $BTC $ETH What I fear most now is seeing someone use "ZEC has a total supply of only 21 million" to persuade others to go all in.
This statement itself is not wrong, but the problem is, does limited supply necessarily mean the price will rise?
If it were that simple, those projects in the crypto space with a total supply even less than Bitcoin would have already taken off one by one.
ZEC's scarcity does have a basis, with a clear issuance cap and a halving mechanism. But ultimately, the price depends on whether people are willing to pay for it. If new demand doesn't keep up, even if fewer coins are produced daily, the price can still fall.
Moreover, miners have to pay for electricity and equipment, so they can't hold all the ZEC they mine. The actual amount of real sell orders in the market can't be calculated just by looking at the total supply.
I'm not bearish on Zcash; I just think many people like to use a single number to boost their confidence.
The real reasons that make me willing to keep holding $ZEC should be that privacy transactions are being used, wallet experience is improving, development is ongoing, and the market is willing to pay for these things.
If none of these exist and all that's left is "limited supply," then I really wouldn't dare to go heavy.
For now, I tend to wait and see. If there is a breakout with volume or a pullback that stabilizes, then I'll consider participating in batches. Before the market moves, having fewer illusions is quite good.Ahead of tonight’s CPI $BTC and $ETH are seeing short-term spot inflows of $13.73M and $13.27M, respectively. However, 4H and 24H flows remain weak, while $SOL continues to record outflows across all three periods.
US September CPI is forecast at 3.6% YoY and 0.6% MoM. Hotter data could pressure risk assets, while cooler inflation may support a rebound.
Watch BTC buying strength, ETH support, and whether SOL flows turn positive. Inflows are encouraging, but trend reversal needs confirmation. What is the most profitable business in the crypto circle?
Money Printing Machine Daily · Day 2
1. $PUMP 24h fees 5.83 million, revenue 2.17 million, retention rate 37%
2. Papertrade 24h fees 3.76 million, revenue 3.76 million, retention rate 100%
3. Polymarket 24h fees 3.53 million, revenue 540,000, retention rate 15%
$PUMP is still number one, with a retention rate of 37%, basically unchanged from yesterday's 36%—it's not aggressive, but stable.
Yesterday's number 3 $UNI dropped out of the top five,
Papertrade, which was highlighted yesterday, saw fees drop from 5.9 million to 3.76 million, a 36% decrease in one day.
The list excludes Tether and Circle—they collect a total of $24.45 million per day, but that's using users' money to buy U.S. Treasury bonds for interest, not protocol business.
If you don't know what to buy, look at those protocols that are the real money printing machines. BTC chip concentration is slightly bearish, ETH is relatively weaker, and whales clearly took profits on long positions before the CPI release. The liquidation map shows large liquidity on both sides of the current price, with BTC mainly concentrated around 81k and 84k, and ETH around 2410 and 2580.
Top traders' long exposure has reached the highest level this year (93%), while retail traders on-chain are heavily shorting. Winners and losers consistently stand on opposite sides, which is very worth our attention.Don't just focus on CPI tonight; the real direction of BTC depends on the U.S. Treasury first making a move.
At 20:30 tonight, the U.S. September CPI will be released.
BTC is currently at 83,482, with a 24-hour high of 84,147 and a low of 82,956; ETH is around 2,507. On the surface, BTC looks stable, but in reality, the market is being compressed within a narrow range of just over a thousand dollars, and the direction is still undecided.
The market expects the overall CPI year-over-year to rise from 3.4% to 3.6%, with a month-over-month increase possibly reaching 0.6%, mainly influenced by energy prices. What truly determines the risk asset reaction is whether the core CPI month-over-month can drop to 0.2%, and where the 10-year U.S. Treasury yield moves after the data release.
My judgment is straightforward:
If the core CPI is no higher than 0.2% and Treasury yields fall in sync, BTC volume will surge past 84,150, qualifying for a continued rise to 85,500–86,000; even if the data looks good, if Treasury yields don’t fall, such a rally is prone to a sharp pullback.
Conversely, if core data is hotter and Treasury yields spike, once 82,950 is broken, look first at 82,000, then 80,800. If ETH simultaneously drops below 2,488, its retracement will be faster than BTC’s.
So tonight, I won’t guess the numbers or chase the direction prematurely. First watch the Treasury, then see if BTC can break out of the range. The data determines the first candlestick; the Treasury determines how far that candlestick can go.
$BTC $ETH #SeptemberCPIReleaseTonight #FedRateHikeDisagreementPending #OKXPlanetTopicIsHere #Saudi Aramco Headquarters Attacked, Crude Oil Supply Under Focus $CL
The target hit was the administrative building, not the wellhead.
▪️ On the evening of 10/13, a ballistic missile struck an administrative building in Saudi Aramco's Dhahran headquarters campus
▪️ The top three floors were damaged and a limited fire broke out, with no casualties confirmed by the Saudi Ministry of Energy
▪️ The Dhahran campus houses the operations center responsible for managing the scheduling of onshore oil and gas facilities network
▪️ Houthi forces previously warned that Saudi Aramco's oil facilities are "legitimate targets"
▪️ Oil prices rose to a two-week high, CL +1.97%, BZ +0.70%
▪️ On 10/5, Aramco's official November selling price: Asia discount of $5, the largest since June 2020
The disagreement is not about the severity of the attack, but whether the target was the administrative building or production facilities.
The Dhahran campus manages operations scheduling, not wellheads or refineries. Hitting an office building temporarily affects scheduling and personnel arrangements; to impact barrel flow, production, processing, or export facilities must be hit. This time, the oil price reflects a risk premium, not a supply gap.
The outlook is to wait and see — if production facilities are undamaged, the premium will retreat; if the strike hits export terminals, prices will rise further.The market is all waiting for the CPI data release to make a move, but the L2 sector has already taken action?
$OP surged 24% in one day, and the coins in the same sector followed suit with even bigger gains.
This sudden surge happened when the broader market hadn’t reacted yet a couple of days ago; L2 was quietly strengthening. The first to break upwards was ZK, and today OPA is taking over the momentum. Funds are rotating and speculating within this theme.
But the rise is strange: OP surged the most with a market cap of only 685 million, while $APR rose the least despite having a market cap of 1.806 billion USD.
In short, this rally is a short-term rebound of oversold small-cap coins, not a fundamental improvement. Going forward, it depends on whether the actual on-chain data can keep up. If TVL, fees, and buy-side support don’t follow through, this rebound will fade and prices will fall back! #SeptemberCPI announced tonight, Fed rate hike divergence to be resolved #TSMC Q3 revenue hits record high, profit performance to be revealed #SanDisk and Micron decline, ChangXin Technology progress under watch #US-Russia Diesel Cooperation Faces Congressional Opposition, Ceasefire Conditions Still Divided Why Are Crypto and the Dollar Index Diverging Amid Interest Rate Expectation Differences?
The dollar index weakened following dovish statements, yet the crypto market showed clear internal divergence. New York Fed President Williams suggested no rate hikes are needed until 2027, and the easing of long-term rate expectations briefly boosted risk appetite. Funds showed rotation characteristics: BTC rose about 1.5% to near 83,900, ZEC gained nearly 7%, SOL and DOGE strengthened simultaneously, while ETH remained mostly flat. This divergence and the slight rebound in US stocks represent parallel movements, not a strong causal link.
Market funds are only speculating on long-term rate narratives and have not heavily reallocated. Traders understand these remarks target several years ahead; the uncertainty over rate hikes within the year remains. Thursday's CPI data is the key to whether the Fed will raise rates further and will also determine if BTC can test the 85,000 level. This round of gains comes from short-covering and short-term sentiment recovery, not a trend reversal. Confidence in ETH is weak, the altcoin impulse rally's sustainability is questionable, and bulls are reluctant to leverage before data release.
If CPI significantly exceeds expectations, this sentiment recovery logic will immediately fail.
$BTC $ETH $SOL BTC合约转买，现货还在卖：这波反弹谁接？
我目前短线偏谨慎的原因很简单：BTC、ETH的合约买盘回来了，现货还没跟上。
据刚查到的数据，资金分歧已经很明显。
① BTC：合约热，现货冷
近1小时合约净流入8182万美元，4小时约1.19亿美元。
同一时间，现货分别净流出2673万、3572万美元。短线买盘在发力，现货卖压也还在，反弹能走多远，要看后续承接。
② ETH：现货卖压更突出
4小时现货净流出8960万美元，24小时约2.08亿美元；4小时合约净流入仅1760万美元。
我会先盯现货流出能不能收窄，买盘持续跟上，反弹才更有底气。
③ SOL、ZEC：开始分化
SOL的24小时现货净流入3499万美元，4小时仍为正，承接相对更好。
ZEC的24小时现货净流入1552万美元，近4小时现货、合约却同时转负，短时卖压正在增加。
我的观点：
目前更像短线修复，全面转强还需要现货确认。接下来重点盯BTC、ETH现货能否连续转正。
合约先踩油门了，现货得有人跟车。$BTC: Institutional short-term funds are retreating, but whales are still accumulating. The US premium index has turned negative, yet the number of addresses holding 100–1000 BTC has reached a new high, with whales cumulatively buying over 80,000 BTC in three weeks. Long-term funds are providing support, but short-term buying is insufficient.
If the core CPI is 0.2%, BTC is expected to challenge $84,000–$85,000; if it exceeds 0.3%, bulls near $81,000 should beware of a new round of liquidation.
$ETH: Last week, spot ETF net outflows exceeded $500 million, with BlackRock accounting for nearly $500 million. Although leverage has dropped to a seven-month low and funding rates have turned negative, requiring shorts to pay holding costs, continuous ETF outflows remain a hidden risk. Holding support and short covering could drive a rebound, but the key is when funds will return.
$XAUT: Short-term speculative funds are exiting, but long-term allocation demand remains strong. Gold ETF net inflows in Q3 hit a record high, central banks worldwide have increased gold reserves for 23 consecutive months, and September's increase reached a cycle high.
Investment is similar: when making money, one feels insightful; when losing, one blames the market—this is a common cognitive bias. Distinguishing luck from skill helps avoid overestimating one’s judgment. One profit does not prove skill, nor does one loss mean the strategy failed; the key is reviewing and learning.
For $BTC, watch whales' capacity to absorb; for gold, watch long-term allocation demand. Before the CPI release, don’t rush to take sides; controlling position size and preserving capital is more important than blindly chasing highs or selling lows.
#九月CPI今晚公布，美联储加息分歧待解 Brothers, this short position on $W has a 94% return, and I'm preparing to take profits in batches.
Entered at 0.02375, current price 0.016294, return +94.18%. I've taken the gains, but now I'm not thinking about greed, but how to protect the profits.
Why consider exiting now?
First, on October 16th, a release will occur. About 58.33 million W tokens will be unlocked, accounting for 0.9% of the circulating supply. When all the good news is out, it turns into bad news; after the short logic is realized, a rebound could happen at any time.
Second, the order book is starting to show support. B 51% vs S 49%, the buying side is slowly propping up, though not strongly, but the room to keep pushing down is narrowing.
Third, the return is close to doubling, it's time to be satisfied. Altcoin markets rise fast and fall fast; don't expect to get the very last bite.
Strategy: Take half profits around 0.016 first, set a trailing stop for the rest, and exit completely if it falls below 0.015. This short position has been held from 0.0317 all the way to now, I've taken enough, securing profits is what really matters.
Brothers, are you ready to exit this short position?ZEC's V-shaped rebound should not be mistaken for a reversal
The market is a bit tricky, so don't get ahead of yourself. ZEC followed Bitcoin down to 1120 in the early session, then was forcefully pulled back to 1220 at noon, with bears getting slapped back and forth. However, multiple technical timeframes still lean bearish, open interest is dropping, and the long-short ratio is 46:54, with shorts dominating.
The capital structure is strange: many shorts with light positions; few longs but with heavy single trades. This setup makes me lean towards a dead cat bounce, a struggle in a downtrend continuation, not a reversal.
Avoid NEAR recently; liquidity is poor, large orders can easily manipulate the market, and uncertainty is too high.
There are two biggest regrets in trading: greed, holding on until profits give back; fear, running away at the first sign of floating profit and missing out on big gains. The root cause is not clarifying the timeframe before entering a position. Entering on a 15-minute signal but expecting a 4-hour move is unrealistic. If the 15-minute move finishes but you don't exit, floating profit turns into a stop loss; if you enter on a 4-hour signal but panic and exit before the trend ends, you'll regret it later.
Before CPI, the market is more prone to traps, so control your hands and wait for signals.
#CPI and PPI announcements are imminent, and interest rate hike expectations face a test Negative news is flying everywhere, yet $BTC refuses to fall! But now might not be the best time to bottom-fish.
Let me share today's market overview with you all. The Federal Reserve keeps sending hawkish signals, crude oil has broken through $105, and geopolitical tensions are heating up. Logically, risk assets should be under pressure, but $BTC has only dropped 0.13%, indicating the market's reaction to negative news is weakening.
However, don't rush to call a reversal.
What deserves the most caution now is that $BTC's premium has turned negative, yet the funding rate remains positive. Spot is weak while contract longs are still paying fees; this combination suggests longs might be somewhat crowded. Once support breaks, the risk of a stampede cannot be ignored.
My judgment is clear: short-term oscillation calls for caution, neither chasing the rally nor rushing to bottom-fish.
Watch if $BTC can effectively break through and hold above $84,116 first; then look for higher levels. If it falls below $82,908, be prepared for further short-term declines.
$ETH is relatively weaker; although $XRP has institutional listings and ecological cooperation benefits, capital hasn't shown clear follow-through yet. Be even more cautious with $ONDO; the RWA narrative is heating up again, but the price isn't cooperating.
Next, focus closely on the US CPI and geopolitical situation. Trading isn't about who acts fastest, but who can control their impulses. Without certainty, be patient and wait.$AEON's native coin is completely separated from its business; the business performance has nothing to do with the native coin. It's somewhat like a vaporware coin, purely narrative.CPI night, don't just focus on the numbers
Tonight's CPI, the real suspense isn't about the year-over-year percentage points, but that funds have long since gone their separate ways.
$BTC: On-chain support, institutions hesitant.
Coinbase premium turns negative, institutions are cashing out; but the number of addresses holding 100–1000 coins on-chain hits a new high, with whales buying over 80,000 coins in three weeks. There's support at the bottom, but chasing highs is weak. If core CPI is 0.2%, BTC could reach 84,000–85,000; if 0.3%, the 81,000 support will be further tested.
$ETH: Shorts paying the price, waiting for ETF turnaround.
Spot ETF outflows exceeded 500 million last week, BlackRock reduced nearly 500 million. But leverage ratio dropped to a seven-month low, funding rates turned negative, raising short position costs. If support holds, short covering could trigger a rebound; the premise is ETF stops bleeding first, which hasn't happened yet.
Gold: Speculation retreats, allocation advances.
Futures longs withdraw, but gold ETFs continue to attract funds, with record net inflows in Q3; central banks have increased holdings for 23 consecutive months, September's increase is the largest this year.
Different buyers, different patience: BTC relies on whales, gold relies on central banks. Don't bet on data, bet on fund divergence. BTC waits for institutions to return, ETH waits for ETF to stop bleeding, gold has solid logic supporting it.
#SeptemberCPI announced tonight, Fed rate hike disagreements await resolution
#BTC spot ETF outflows again, can institutional buying warm up?
#TradingVoice: Your experience deserves to be heard $80,000 BTC, what’s really lacking is relay capital 💸
The price barely holds at 80K, but the ETF ledger is "bleeding": Bitcoin spot ETFs saw a net outflow of nearly $680 million last week, Ethereum ETFs also lost about $540 million, totaling over $1.2 billion. 📉 The market hasn’t crashed, but chips are quietly changing hands, which is more intriguing than a big bearish candle.
Institutions don’t seem to be fleeing; it looks more like active deleveraging and reducing exposure. 🛡️ The Fed remains hawkish, the dollar and US Treasury yields stay high, risk appetite is suppressed, and for crypto to keep rallying, what’s missing is new money, not slogans.
Next focus is the October 14 CPI. 🔥 If inflation exceeds expectations, risk assets may come under pressure again; only cooling data could open a window for a rebound.
So, don’t call every bounce a bull market return. 👀 What really matters: whether ETFs can shift from net outflows to net inflows, and if BTC’s rebound can hold key levels.
Bottoming or consolidation? Don’t watch sentiment, watch the capital flow. Patience sometimes costs more than predictions. ⏳ #SeptemberCPIReleasesTonight FedRateHikeDisagreementPending #TSMCQ3RevenueHitsRecord ProfitPerformanceToBeRevealed #KoreanStocksNarrowReboundAfterSharpDrop SemiconductorBuyingMomentumSustainable? Tonight CPI arrives
Market expectations are generally high, mainly influenced by September's energy prices
Personally, I believe inflation driven by supply-side factors cannot be curbed by interest rate hikes alone; data excluding energy prices is more realistic, so core CPI is very important
Let's recall, after the rate hike in September, the S&P 500 and Nasdaq both hit new highs, and crypto also strengthened last month, with crypto concept stocks broadly rising, while gold kept falling
This year's market targets are extremely counterintuitive, almost all digesting expectations; the only one with strong continuity is gold. With the US dollar index's strong rebound over nearly two months, voices hyping an AI bubble are growing louder. Market liquidity is actually not tight, it's just that funds can't find good places to go. You can review the impact of the September rate hike on the US stock market's seven sisters; not only did their market caps not fall, they actually recovered, with Nvidia and Apple hitting new highs consecutively
Therefore, once October rate hike expectations cool down, we can't just follow the textbook. I personally favor going against the grain and not being the one waiting for the boot to drop
No more nonsense, Galaxy is optimistic that core CPI equals expectations, or that the probability of a rate hike in October is low, so the vast majority will definitely think their holdings are safe, but what I want to emphasize is "it's time to run"
The only asset that can try to go up is "gold," but you must wait until it is oversold to around 4000 before considering it10.14BTC
The threat of a rate hike in December is hanging over us, so why am I still going long?
Because nothing counts until the rate hike in December is finalized.
Also, the 870 level has been tested four times without breaking through; there is a dense buildup of short positions above, and the 🐶 market makers won’t let the shorts be so comfortable.
Most likely, they will first clear the liquidity above, then wait until December to start pushing down.
Moreover, the current price is still above a major support level, so every dip is a good opportunity to get in.
$BTC $ETH $ZEC #September CPI announced tonight, Fed rate hike disagreements remain unresolved #SanDisk and Micron decline, ChangXin Technology progress under watch #TSMC Q3 revenue hits record high, profit performance to be revealed Zero interest, sounds like free money. 52 billion yen, about over 300 million USD, maturing in 2031, but the conversion price is set above the current price—if the stock price doesn't rise, bondholders won't convert, and cash must be paid at maturity.
The company has laid its cards on the table: the current stock price has already fallen below the value of the Bitcoin they hold. So they borrow zero-interest debt, using 23.6 billion to redeem the mortgaged Bitcoin, and 28.3 billion to buy back 7% of their own shares in off-market block trades.
This money isn't for buying coins; it's for buying leverage—the discount fill depends on whether the next market cycle plays along.
$BTC
$ETH Prices are falling, but shorts are paying longs.
What has changed? BTC dropped from 84,113 to 83,507, weakening over the past hour. However, the perpetual contract funding rate fell to -0.0029%, meaning short position holders are paying longs. In the past 24 hours, BTC short liquidations totaled $11.72 million, while long liquidations were only $8.38 million, indicating shorts have been more heavily liquidated.
Why is this worth noting? When prices fall, longs should be squeezed. But the negative funding rate indicates shorts are actively adding positions, while spot ETFs saw a net inflow of 176 million yesterday, with FBTC alone accounting for 103 million. Shorts are crowded on the contract side, while spot funds are absorbing.
Which observation is more supported? It supports the "passive rebound driven by short covering" theory. Prices are running near the upper Bollinger Band but have not effectively broken through. Combined with the negative funding rate, it looks more like short covering pushing prices up rather than new capital actively going long.
Tonight at 20:30, CPI will be released, expected to rise to 3.6% year-over-year. The liquidation heatmap shows strong short liquidation intensity of 1.721 billion above 87,510. Shorts are lining up, and CPI is the starting gun—who will fall first? $BTC $OKB
The net change in OKB is very small. Has the platform value already supported the price?
Today's midday 24-hour spot observation window: range 120.71—123.88 USDT, change +0.10%, trading volume approximately 8.7 million USDT.
Being near the flat line only indicates a mild starting return; it does not mean there were no fluctuations in between, nor does it provide changes in platform revenue. Business growth must pass through supply and equity mechanisms to be transmitted to the token; price support cannot be directly inferred from platform attention.
If the rebound near 123.88 continues to be sold off, first observe supply digestion; if equity improvement is confirmed, it can be verified and maintain higher lows, then raise the long-term demand assessment.Long and short liquidations are almost balanced, but the real anomaly lies in the liquidation heatmap.
What has changed? In the past 24 hours, Ethereum long liquidations reached 10.45 million, and short liquidations reached 10.14 million, nearly balanced. However, the liquidation heatmap shows a short liquidation intensity of 1.047 billion at the upper level of $2636, and a long liquidation intensity of 946 million at the lower level of $2388.
Why is this worth attention? The near parity in long and short liquidations indicates neither side has gained an advantage, but nearly 1 billion liquidation chips have accumulated at both the upper and lower levels. Ethereum liquidity on Binance has dropped to about a 7-month low, and the order book is thinning.
Which observation is more supported? It supports the "leverage standoff under tightening liquidity" scenario. Ethereum spot ETFs saw a net inflow of 24.83 million yesterday, ending 10 consecutive days of net outflows. ETF funds have just reversed, while both long and short positions remain heavily leveraged on the contract side, with both sides waiting for the other to make the first move.
Next, watch which level between 2388 and 2636 is tested first, and whether Binance liquidity Z-Score can recover from -1.00. A thin order book, thick landmines—who will step on the first one? $ETH The moment the blueprints were spread out, I knew this was no ordinary expansion—Microsoft pinned the blueprint of the third-generation AI chip Maia 300 on the table, with mass delivery planned for 2027. Its inference performance per watt is about 40% higher than mainstream GPU systems, and its rack-level throughput is 7 times that of the previous generation. The stock closed at $541.15, a new closing high, yet it still didn’t reach the 52-week intraday high. This detail is critical: the load-bearing structure has been poured, but the roof is not yet capped; the market is waiting for a real load test.
From an architectural perspective, developing an in-house inference chip is like replacing the load-bearing wall of the entire computing power building. Previously, Microsoft outsourced all structural load to external GPU suppliers, which was like handing the main beam to a neighbor for prefabrication—costly, with long scheduling, and seismic ratings controlled by others. Maia 300 aims to bring this main beam into its own structural system. The 40% improvement in performance per watt is not just decorative—it’s a recalculation of the foundation’s load-bearing capacity. With the same power budget, it can support inference loads for more floors. The 7-fold rack throughput is like replacing an old silo structure with a steel frame core tube, completely reconstructing usable space per unit volume.
The real engineering challenge has never been in the renderings. The iteration pace of the third-generation chip shows one thing: this company has moved past the sketch phase of conceptual drawings and entered the rebar tying and pile testing phase. Mass deployment in 2027 means they are now doing rebar binding and formwork setup, not issuing press releases. Anyone familiar with construction knows that no one applauds on the day the structure is topped out, but that day determines whether the building can withstand the next earthquake.
Shifting focus to the tokenized US stock target XSPY, its linkage logic follows the same mechanical model as this chip. Index tokenization is not about building a new building but about comprehensive pipeline integration for an entire block—rearranging dispersed stock holdings, settlement paths, and liquidity networks into a programmable main artery. The shift in computing capital expenditure by heavyweight component stocks like Microsoft will directly change the power load distribution of the entire block. When leading companies use in-house chips to reduce inference costs, the structural stress on cloud computing gross margins changes, and the valuation reinforcement map at the index level must also be adjusted accordingly.
I have seen too many projects die on the drawing board. Whitepapers are as polished as rendered animations, yet their foundations haven’t even penetrated the frost layer. To judge whether an ecosystem can grow tall, I only look at three things: whether the materials are proprietary, whether the structure is redundant, and whether construction is continuous. Microsoft is betting on all three on this chip mainline—self-developed to reduce cost dependence, multiple iterations to accumulate redundancy, and an annual rhythm to ensure continuity. This is not hype; this is construction organization design.
As for those chasing short-term gains, they are always hanging exterior decorations on other people’s buildings but never look at the pile foundation inspection reports. #microsoftmaia300The liquidation volume isn't large, but leverage is quietly rebuilding.
What has changed? In the past 24 hours, the total network liquidation reached $140 million, with longs and shorts almost evenly split, appearing as a calm shakeout. However, during the same period, BTC contract open interest surged 11.14%, reaching $61.75 billion.
Why is this worth noting? The small liquidation volume alongside a sharp increase in open interest indicates that the leverage cleared out was quickly replaced by new positions. The liquidation map shows strong short liquidation intensity of $1.721 billion at $87,510 above, and strong long liquidation intensity of $1.65 billion at $79,589 below—both levels are powder kegs.
Which observation is more supported? It supports "leverage rebuilding rather than clearing." On the ETF side, FBTC saw a single-day net inflow of $103 million, with spot holdings concentrating, while speculative positions on the contract side are also accumulating simultaneously.
Next, watch whether open interest can hold above $60 billion and the price convergence direction between $83,000 and $84,000. The powder kegs are set; who holds the fuse? $BTC $ETH Regarding the current $BAT, what is its market analysis and the concentration ratio of the top ten addresses? Is it, like the recently popular $STRK or $W, driven by whales pumping and dumping?
Its fundamentals are actually quite solid, as it has a real product focused on browser advertising and digital advertising, and the token supply is basically fully released, making it a well-established project. However, its core issue is whether token demand can grow with ecosystem development and whether large addresses will create actual selling pressure. The top ten addresses hold about 40%, so the chips controlled by the top ten addresses are quite considerable. Therefore, my view is that it has a certain fundamental base, but it is not an asset that can guarantee an increase solely based on fundamentals. Future upside depends more on market capital. This recent surge looks very much like a price pump deliberately caused by some funds!Among the 673 nodes across the entire $SOL network, 63 have set their commission to 100%.
Commission is the percentage that nodes take from staking rewards; setting it to 100% means all rewards from the delegated tokens go entirely to the node, not a single token left for the delegator. These 63 nodes are not small—they hold 24% of the total staked amount, so they are not empty shells without delegators.8月核心同比2.4%，这次预期基本还压在2.4%附近。很多人盯着总CPI会不会冲到3.6%到3.7%，但那一块主要被油价带起来，布伦特现在已经站到106美元附近。真正影响大饼的，还是核心通胀有没有扩散。$BTC $ETH $ZEC 如果核心同比跳到2.5%以上，说明油价压力正在往运费、工资和商品里渗透，美联储加息底气会更足。美债收益率可能继续往上顶，大饼在8.4万美元附近就更难站稳，容易往下找支撑。 如果核心同比还是2.4%，那这轮通胀基本就是油的事。月底议息会议大概率不加，美债能喘口气，大饼也有机会先松一松。 美联储为什么死盯核心，就是被70年代吓出来的。1973年油价翻了四倍，通胀一回落就急着降息，结果石油成本渗进所有商品。等到1979年伊朗出事，第二波通胀比第一波更狠，最后利率拉到20%才压住。 这次带头的又是伊朗。 所以今晚别被 headline 数字带节奏，直接看核心那一行。2.4%还是2.5%，差这0.1，就是大饼往上还是往下的区别。#九月CPI今晚公布，美联储加息分歧待解 #台积电Q3营收创新高，盈利表现待揭晓 #韩股急跌后反弹收窄，半导体买盘能否持续？ 2. Small investors are retreating, but big players are leveraging up: in September, institutional-level users borrowing $BTC with USDT loans over $10 million increased by 83.3%, while retail borrowing decreased by 17.2%. This indicates that chips are concentrating in the hands of a few.
3. The premium on treasury stock $MSTR is gone. Strategy holds 848,250 coins worth about $70.6 billion at current prices, but the company's market cap is only about $51.1 billion.3. The premium on treasury stock $MSTR is gone. Strategy holds 848,250 coins worth about $70.6 billion at current prices, but the company's market cap is only about $51.1 billion.
In the past two years, the "issue shares to buy coins" model was the most profitable in the US stock market. Now the market offers a discount instead of a premium—this is a very key qualitative change in this cycle.