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74888 formed a pin bar, but I still don't dare to catch the falling knife. Last night I stared at the 75200 line until midnight, but it still broke — Nonfarm payrolls came out with an increase of 165,000, more than double the expected 60,000, and the probability of a December rate hike jumped directly to 77%, $BTC plunged to 74888 overnight, the floor broke as soon as it was touched.
My inclination is: it broke but then recovered, this pin bar has some significance. After touching 74888, it pulled back above 75800 within an hour, and in the morning it was still hovering around 75900; on the US stock side, the Nasdaq rebounded 1.09%, AMD surged 11% in one go, the panic seems to have eased.
On the downside, we must acknowledge: a recovery doesn't mean it's all clear. Nonfarm is so hot, the 77% rate hike probability is a solid bearish factor; Nasdaq rebounded, but BTC didn't follow, hovering around 75900 all night without holding firm. If it really breaks 74888, the next stop is 73000, and by then, even calling it a fake drop would be stubborn.
So this morning, a straightforward question: do you think the 74888 pin bar is the bottom, and dare to catch the falling knife near 75000 betting it will rebound to 80000 first, or do you think breaking 75200 means it's broken, and acting now is just giving money to the bears, waiting to break 74888 before making a move?
For record-keeping only, not investment advice
#美国10月非农超预期，12月加息押注升温 Scumbag's observation on Anthropic, IPO (2)
Anthropic
Q1: Revenue about $4.7 billion, the exact figure in S-1 is $4.731 billion.
Q2: Revenue $11.555 billion, year-over-year growth about 1,368%. The revised version discloses Q2 operating profit of $974 million, adjusted operating profit of $2.2 billion, adjusted profit margin 19%.
Q3: Revenue $16.96 billion, year-over-year growth 1,127%, quarter-over-quarter growth 47%, net loss $23.3 billion. Operating profit turned from Q2 profit to a $567 million loss, adjusted operating profit $2.5 billion, adjusted profit margin dropped to 15%.
Scumbag thinks the large loss in Q3 is largely due to spending big money renting SpaceX's computing power, but the revenue effect can only be seen in Q4.
On-chain valuation has dropped quite a bit again, currently at 1.37 trillion.
If the revenue at the end of '26, i.e., December, can reach $8.5 billion, then Scumbag thinks a 15~20x price-to-sales ratio is still relatively reasonable. That would be a valuation of 1.53~2.04 trillion.
The current on-chain valuation still has some attractiveness #伯克希尔巨额现金储备，财报将披露最新动向 The key point is not how much cash there is, but that cash is starting to decrease: Q1 peak was about $397 billion, Q2 dropped to about $365 billion, Q3 is expected to be about $358 billion; Q2 net stock purchases were about $20 billion, ending 14 consecutive quarters of net selling, and acquisitions include Taylor Morrison and an investment in Alphabet. Abel has shifted from "hoarding cash" to "active allocation," which is the most practical good news — money is starting to be used effectively, benefiting long-term shareholders.
Impact: If Q3 cash declines in an orderly manner and is directed toward high-quality assets, it will support the "Abel premium," and the stock price will be resilient; the decline in tech stocks also makes Berkshire a safe haven and may provide opportunities for favorable exits. Risks include weak insurance underwriting profits, EPS expected to drop about 5.6%, and unrealized losses on Alphabet investment; if cash declines too quickly or relies on high-priced buybacks to prop up the market, there will be concerns about "spending money just to spend money." Conclusion: The good news lies in allocation discipline, not in single-quarter profits.This market is a bit crazy! $BTC current short liquidations are about 5 times that of longs.
Below $74K–$73K, there is only a small chunk of long liquidation liquidity left; besides that, the market's biggest pain point seems to have shifted upwards.
It's possible the price might dip below $75K again to sweep liquidity, but I tend to think this is just the final shakeout.
What’s really worth looking forward to might be the subsequent breakout upwards, harvesting the large amount of liquidity accumulated above.#伯克希尔巨额现金储备，财报将披露最新动向 Berkshire's massive cash reserves, the earnings report will reveal the latest developments Berkshire no longer just hoards cash: After peaking at $397 billion, Abel starts "spending money"
Berkshire's massive cash reserves are reaching a turning point.
In Q1 2026, Berkshire's cash reserves hit a historic peak of about $397 billion, marking the 14th consecutive quarter of net stock sales. But by Q2, cash dropped to $365.5 billion, consuming about $31.5 billion in a single quarter—still the second highest in history, but the narrative has shifted from "why not spend money" to "how to start spending money."Last night, I was just one click away from opening a short position. But before placing the order, I decided to check spot market activity. What I found completely changed my perspective. Here's the breakdown: 📊 Spot vs. Futures Trading Volume - $BTC : $9.67B spot vs. $104.005B futures (9.3% spot) - $ETH : $4.116B spot vs. $59.878B futures (6.9% spot) - $SOL : $929M spot vs. $8.707B futures (10.7% spot) - $ZEC: $718M spot vs. $10.267B futures (7.0% spot) Futures volume is roughly 10 times highe#伯克希尔巨额现金储备，财报将披露最新动向 It's not the "end of the hoarding money era," but rather the capital allocation rhythm of the Abel era has changed. Cash decreased from 397.4 billion to 365.5 billion, but 365.5 billion is still a historical high — indicating it's not a full-scale chase for gains, but selective buying: Google, own stock, overall acquisitions, all are specific price/value opportunities.Last night, the US stock market finally stopped falling and rebounded, with the Nasdaq rising about 1.1%, the S&P 500 up about 0.3%, but the Dow Jones still closed lower. The Nasdaq had just plunged 5.52% the day before, so this rebound looks more like a recovery after a concentrated sell-off in tech stocks, and it does not yet indicate a full restoration of risk appetite. For BTC and ETH, the most important focus is the US nonfarm payroll data released last night and whether institutional funds are willing to re-enter the market. ① Nonfarm payrolls exceeded expectations, and the Fed's easing expectations may continue to be under pressure. At 21:30 Beijing time last night, the US announced 165,000 new nonfarm jobs in October, with the unemployment rate dropping to 4.1%, showing stronger employment performance than market expectations. Steady employment indicates that the US economy still has resilience, but it may also leave the Fed without reasons to cut rates quickly. If the dollar and US Treasury yields strengthen as a result, BTC and ETH may face pressure; conversely, if the market focuses more on a soft landing for the economy, risk assets may also benefit. ② Tech stocks rebounded, but US Treasury yields did not show a significant simultaneous decline. Last night, chip stocks like Nvidia and AMD rebounded, driving the Nasdaq higher. However, the US 10-year Treasury yield remains above 4.8%. My understanding is that funds are willing to buy back some tech stocks, but this does not mean the liquidity environment has improved. Especially since BTC is increasingly influenced by institutional funds, the sustained high US Treasury yields may continue to raise the opportunity cost of holding risk assets. ③ ETF funds are the real issue BTC needs to face. On November 5, the US BTC spot ETF saw a net outflow of about #伯克希尔巨额现金储备，财报将披露最新动向 It's not the "end of the hoarding money era," but rather the capital allocation rhythm of the Abel era has changed. Cash decreased from 397.4 billion to 365.5 billion, but 365.5 billion is still a historical high — indicating it's not a full-scale chase for gains, but selective buying: Google, own stock, overall acquisitions, all are specific price/value opportunities.BTC current price is around 76K, short-term downward momentum is insufficient, a rebound is possible but reversal is not yet confirmed.
On the four-hour chart: after a long lower shadow bearish candle followed by a doji, a second doji is brewing, indicating that the dip is being supported and bulls and bears are in a stalemate. If the second doji closes, the short-term bottoming signal strengthens. There is large buy support at 76K, but volume is not accumulating, so bearish pressure could still break through.
Non-farm payrolls exceeded expectations, and the probability of a rate hike in December has risen above 70%. BTC did not continue to crash, which is a signal that bearish news is not causing a drop. If there is no new bearish news next week, a rebound is highly likely.
Upside targets are 77.3K, 78K, and further 79.8K; downside 75K–75.5K is the critical line—if not broken, no major issues. Currently, do not chase shorts. #比特币承压，ETF近7日净流出约11亿美元 $BTC $ZEC $HYPE @OKX中文 @OKX星球 #美国新旧国会交接或影响美伊局势 First, let's get straight to the point: the turnover of the U.S. Congress's House and Senate is far from a simple partisan shift; it represents a major restructuring of the underlying logic of the U.S.-Iran geopolitical game over the past forty years. The "gray compromise" space at the executive level has been completely sealed off by a legislative iron curtain, tightening the fuse on the Middle East powder keg once again. For us traders, this is not just a geopolitical news disturbance but a macro storm encompassing the "Federal Reserve interest rate ceiling," "global liquidity tides," "class differentiation of crypto asset attributes," and "OFAC on-chain sanctions review." The turnover of the U.S. Congress's House and Senate is not only a change in party seats but a significant turning point in the underlying logic of the U.S.-Iran geopolitical game over the past forty years. Why do I say this? Why is this a major change in the underlying logic of the U.S.-Iran game? In recent years, the U.S.-Iran situation has been in a delicate "gray tacit understanding." To suppress domestic gasoline price inflation, the White House has, over the past few years, taken a certain degree of "strategic turning a blind eye" in enforcing sanctions on Iranian crude oil, aiming to slow the inflation of domestic oil prices. This "gray agreement," which does not exist at the negotiation table, once allowed Iran's daily crude oil exports to return to over 1.5 million barrels, mostly flowing to independent refineries in Asia. However, the turnover and power restructuring of the new Congress have completely ended this executive tacit understanding: Why has this "gray tacit understanding" been completely torn apart by this Congress's dealings? The main reason is the transfer of power! Two different policy teams! Different goals #BerkshireQ3CashOutlook 9:30, poured a glass of water and came back to check the market: BTC is still hovering around 76,000, 3 hours ago it was 76,020, now 75,925.
$BTC: Moved less than $100 in three hours
Current price 75,924.6, 24h down 0.05%. 24h high 76,379, low 74,888, lost 75,200 overnight but recovered. Long-short ratio 3.04, same as this morning. Open interest 2.63 billion U. In the past 8 hours, 100 liquidations: longs 1.142 million, shorts 1.564 million, shorts took more hits.
$ETH: Still hovering around 2,240, shorts took another 780,000
Current price 2,243.17, 24h up 0.52%. 24h high 2,254, low 2,210. Long-short ratio 3.56, lower than this morning's 3.63. Open interest 1.536 billion U. In the past 3 hours, 100 liquidations: longs 323,000, shorts 782,000, shorts got cleaned out.
$SOL: The best performer among the three, longs took the most hits
Current price 90.36, 24h up 0.75%, the highest among the three, holding above 90. Long-short ratio 3.74, highest among the three. Open interest 315 million U. In the past 10 hours, 100 liquidations: longs 800,000, shorts 293,000, longs bleeding the most.
Commentary: Price hasn't moved, long-short ratio hasn't changed, liquidations haven't stopped.
Summary: Sideways trading is not stabilization, the direction hasn't emerged. Chasing longs in the morning is easy to catch the baton. Is 76,000 a bottom test or a sharpening knife?
#比特币承压，ETF近7日净流出约11亿美元 My first reaction when I see such a large long position is to put it on the watchlist; my second reaction is to remind myself: don't take someone else's position as your own entry condition. After learning quantitative trading, I always want to add a filter to impulsiveness 🤖
This time, the wallet Core Trader 64 (0x58b279…211f3) opened a long $HYPE position with 10x leverage, holding 5,000 tokens, with a nominal value of about $393,700, reference price $78.746. Currently, this is just an opening position info; the outcome is still unknown.
If I were to write this as a strategy, I would set it as: if a large leveraged long is detected, enter observation; only if independent entry conditions are met and the preset stop loss corresponds to a loss within budget, is trading allowed. My judgment is that large orders are suitable as alerts, not direct buy signals.
The reason is practical: nominal position is not principal; roughly calculated at 10x, the margin corresponds to about $39,370, but the actual margin setting is unknown; if the price moves 1% against the position, the loss is about $3,937, and leverage amplifies the cost of trial and error. Moreover, we cannot see hedges or the full account; a single long order does not prove the other party is only betting on a rise.
The loophole in this rule is that "independent conditions" can easily be explained post hoc to fit expectations, so it must be fixed in advance. If you were to write this filter, would you require price confirmation, or first limit stop loss distance and single trade risk budget?#美股遭大幅抛售：费城半导体指数创2020年3月以来最大单日跌幅
Stop hyping “cross-market diversification”! When the AI bubble bursts, Bitcoin will still take a heavy hit.
Last night’s massive plunge in the US stock market is definitely a historic macro turning point.
The Philadelphia Semiconductor Index plummeted over 12%, marking its largest single-day drop since March 2020. In just one day, $3 trillion in market value vanished into thin air.
Why the crash? On the surface, it’s due to post-midterm election concerns about stricter regulation on AI data centers and the unsustainable high valuations of tech stocks. But the underlying truth is revealed directly by the community views in the screenshot: crowded positions causing a stampede and deleveraging.
In recent years, Wall Street has been wildly hyping AI infrastructure. People buy chips in US stocks and AI concept tokens in crypto (like computing power, decentralized AI). It seems like cross-market diversification, but in reality, everyone is on the same boat betting on AI infrastructure.
Now it’s exploded: in a high interest rate environment, institutional funds can’t turn over. To cope with redemptions and margin pressure, what’s the first move institutions make? Indiscriminate asset sell-offs.
So, all risk assets are falling in sync. Bitcoin not only wasn’t spared but actually became the “ATM” for institutions deleveraging.
The current conclusion is clear: the fundamental belief hasn’t completely collapsed yet, but the liquidity crisis and deleveraging stampede are not over. Don’t try to guess the bottom before the selling pressure subsides.
What do you all think? How far will Bitcoin’s current shakeout go before it’s over? JPMorgan is optimistic about BTC returns in the long term but still considers high volatility a barrier to allocation
JPMorgan Asset Management estimates an annualized 10-year benchmark return of about 10% for $BTC, while also estimating its volatility at around 55%, and points out that its correlation with other assets is unstable. This combination is important: a high expected long-term return does not mean low short-term risk. Institutions may be willing to study BTC but are not necessarily willing to increase positions with every dip.
#VanEck与富兰克林推出含BTC配置的新型ETF #美国10月非农超预期，12月加息押注升温 #美股遭大幅抛售：费城半导体指数创2020年3月以来最大单日跌幅 I've seen quite a few brothers shouting "🐮 is back," so I'll share my own judgment: I think it's still too early to say the bull is back.
This round of rally looks more like a recovery after concentrated negative news has settled, rather than a trend reversal. Previously, the midterm election results, regulatory expectations repeatedly fluctuating, and the Binance security incident all exerted pressure. BTC once dipped near $75,000, and ETH also clearly pulled back. After panic selling eased, selling pressure temporarily lightened; meanwhile, yesterday BTC spot ETF net inflow was about $74.6 million, ending three consecutive days of net outflows. Coupled with a large number of shorts being liquidated, short covering amplified the rebound.
So a short-term rebound is possible, but defining the rebound directly as a bull return is not well-founded. Currently, I remain bearish, at least until we see whether funds can continue to flow in and whether macro and regulatory disturbances truly ease. Don't let a single bullish candle change your conviction. Last night, the non-farm payrolls came out much stronger than expected: 165,000 new jobs added (the market was only hoping for around 60,000). $BTC dropped from about 76,040 near 20:00 to the hourly low of 74,888 at 22:00, a roughly 1.5% drop in two hours; $ETH simultaneously touched 2,210.
Currently, OKX spot BTC is around 75,900, ETH about 2,243, both rebounding about 1.3%–1.5% from the lows. The total BTC trading volume during those three non-farm payroll hourly candles was about 186 million USDT, then shrank to tens of millions in the following hours. The Fear & Greed Index fell from 28 yesterday to 25, entering extreme fear.
OKX perpetual BTC open interest remains around 2.63 billion USD, with a slightly positive funding rate (about 0.0056%). CoinGlass reported last night that liquidations across the entire network in the past 24 hours totaled about 470 million USD, with long positions accounting for nearly 80%.
My view is that the non-farm payrolls dealt another blow to "rate cut expectations." Holding 75,000 counts as a short-term win, but after the volume shrinks and prices rebound, don’t rush to chase; first, see if the US stock futures over the weekend cooperate.
$BTC $ETH Celebrity learning about crypto does not mean the market will rise
Aoi Sora posted that she is learning about $BTC, but the industry changes too fast and she finds it a bit hard to understand.
People in the comments are already asking her which coin she plans to buy.
The key point here: learning about crypto and buying crypto are two different things.
There are several steps between someone starting to understand assets and actually putting money in.
How is this number calculated: a post has 110,000 views and 102 likes.
This translates to an interaction rate of less than 0.1%, with the popularity staying at the spectator level.
Real money entering the market depends on placing orders, not posting.
Her first lesson should be how to keep private keys safe, not which coin to buy.
#比特币承压，ETF近7日净流出约11亿美元 $BTC #软银重金押注OpenAI，Q2财报能否交出亮眼成绩？
SoftBank has invested a total of $64.6 billion in OpenAI, holding about 13% of the shares, with part of the funds coming from a record $11.1 billion high-yield bond. However, the Q2 (April–June) financial report released in August shows SoftBank's net profit was 347.3 billion yen, down 18% year-on-year. Although it exceeded expectations, the quality of the profit is limited: the profit mainly came from about 1.3 trillion yen gains due to Intel's share price increase, rather than AI core assets. OpenAI's valuation remained "flat" during the quarter and did not contribute to investment gains or losses; Vision Fund investment income dropped sharply by 65% year-on-year. In the previous quarter, OpenAI contributed $25 billion in valuation gains, a stark contrast. More worrisome is that in the new round of OpenAI financing in November, SoftBank plans to reduce its investment sharply to several hundred million dollars, a far cry from the previous hundreds of billions of dollars. Jefferies once called this cycle of reinvestment a "self-reinforcing valuation loop." The Q2 financial report did not answer: when new money no longer flows in at the hundred-billion level, who will price the $64.6 billion of settled assets?When will the leading AI tech companies in the US stock market and storage giants like SanDisk and Micron stabilize, recover, and start to reverse? Let me explain: it all depends on when the Federal Reserve begins to cut interest rates and ease monetary policy. Once that happens, SanDisk and Micron will restart and recover their previous losses. Some might ask why. It's because the long-term capital in the market is currently pooled in a reservoir. The US government needs this money to fill fiscal gaps, control inflation, and reduce domestic living costs. Moreover, there's an unexpected factor: many AI companies are not very profitable. If the long-term capital in the market invests in these AI companies to build data centers, it's essentially betting on guaranteed profits over the next decade. Instead, wouldn't it be better to directly buy 5-10 year US Treasury bonds that yield at least 5% annually? So, the leading AI companies in the US stock market and Micron and SanDisk will continue to experience a sustained downtrend. Do you understand now? On the morning of November 6, the South Korean KOSPI opened with a plunge, triggering a circuit breaker and halting trading for 20 minutes. The intraday maximum drop was 8.8%, falling below 5000 points to 4911 points, marking the 11th circuit breaker this year. Samsung Electronics fell more than 10%, SK Hynix once dropped nearly 14%, and the South Korean Ministry of Finance issued an emergency statement during trading.
The trigger was the overnight crash of U.S. tech stocks: the Nasdaq fell 5.5%, the Philadelphia Semiconductor Index plummeted 12.2%, and the market value of tech stocks evaporated by about $2.5 trillion in a single day. On a deeper level, after the midterm elections, the market began pricing in AI and data center regulatory risks, leading to a systemic sell-off of tech stocks.
0x50c2be4b3958c358e2654c6dabb4feb9e1cc7777
South Korea’s sharpest drop is because the KOSPI weighting is highly tied to semiconductors, with Samsung and Hynix positioned at the forefront of the sell-off chain. Therefore, this wave is not an independent local negative for South Korea but a concentrated transmission of U.S. AI regulatory panic to the Asian semiconductor supply chain. In the short term, it is an emotional and leverage-driven stampede; in the long term, attention must be paid to whether AI regulation will truly produce substantive policies.
#半导体板块集中抛售，韩国KOSPI跌超6% $SKHY
This is only a summary of public information and does not constitute investment advice. #美国10月非农超预期，12月加息押注升温
Are altcoins really this brave? I got caught adding to my position yesterday.
I added 50 short contracts on $ZEC at 1312,
and surprisingly it rose to 1388 at night,
completely unexpected. Luckily, it dropped back quite a bit this morning,
otherwise this wave would have caused a big loss. Why did it rise?
I don't think the NU7 upgrade is bullish.
The coin issuance speed will be faster in the future, increasing selling pressure,
and maybe there are other things I don't know about.
$HYPE has started to rebound, but the range isn't too big,
just like last time, still around 80u.
Prices fluctuate up and down. I'm not worried about the short position I added at 91,
I'm in no rush; in my view, it's about waiting it out.
HYPE will become the mainstream coin with the largest drop.
$CAP finally didn't rise yesterday; I thought it would hit a new high,
but it seems there are still many trapped positions from the previous rally,
otherwise it would have surged directly yesterday,
and it wasn't far from the new high. It would be easy if it really wanted to break through.
The failure to break through means the bulls are out of strength.
Just waiting for a drop, it should be manageable.Altcoin Gains Review: AKE Violent Rebound, Others Mostly Driven by "Long-Term Positions"
Today's top 5 altcoin gainers are out, with big brother $AKE far ahead, but the market shows clear divergence.
$AKE surged 94.46%, doubling in 24h, still up 54% in 4 hours, with a turnover of 363 million and volume ratio of 74.4, a typical violent rebound after a sharp crash. However, the price slightly dipped in the last hour, positions unchanged, caution advised for chasing highs as the rebound may end.
$TRIA rose 17.44%, positions increased by 18.82%, but with only 410,000 mini positions and 1.9 million turnover, driven by long-term position accumulation, liquidity is relatively thin.
MERL up 17.01%, volume ratio 5.9, turnover 10.34 million, slight withdrawal in the hour, long-term sideways, positions increased only 0.47%, indicating volume but no position follow-through.
ONE up 13.88%, price, positions, and turnover all rising in the hour, 4-hour position increase of 18.22%, small cap with good elasticity, high short-term capital attention.
LAB up 11.68%, hourly price almost unchanged, but 4-hour position increase of 9.93%, clear signs of long-term position accumulation, turnover 8.87 million.
Overall, except for AKE, others are mostly pushed by long-term positions; short-term chasing requires volume and position coordination. AKE is highly volatile, positions unchanged, avoid position changes; ONE's hourly rise is worth noting; TRIA and LAB lean towards long-term accumulation, suitable for observation rather than chasing highs. #美国10月非农超预期，12月加息押注升温 #美股遭大幅抛售：费城半导体指数创2020年3月以来最大单日跌幅 MEXC responded today to the directive from the U.S. FinCEN with very restrained wording: acknowledged, under evaluation, operations normal, assets secure, willing to communicate. But it also admitted one thing: an independent review targeting anti-money laundering and sanctions control measures has been initiated.
The cause is that FinCEN directly ordered cutting off MEXC Global's access to the U.S. financial system, citing involvement in at least $16 billion worth of sanction-evading transactions. Note this is the transaction volume, not the fine amount, which are completely different scales.
First, you need to understand what "access to the U.S. financial system" means. It does not prohibit Americans from using it, but removes this exchange from dollar clearing, correspondent banks, and compliance channels. Once removed, cross-border fiat deposits and withdrawals will be the first to encounter problems, followed by stablecoin minting/redemption and market makers' dollar settlements becoming distorted. The digital assets in user accounts remain, but converting them into usable dollars becomes a longer path and more costly.
MEXC's response is standard: emphasizing normal operations, asset security, commissioning an external independent review, and expressing willingness to communicate. This rhetoric has appeared many times in past cases, serving to stabilize existing users and leave room for negotiation, but it does not solve the fundamental problem.
What really deserves attention is not the announcement, but the stablecoin premium and withdrawal speed over the next two weeks. If $USDT starts to show a clear discount, or withdrawal queues lengthen, that will be a signal of funds voting with their feet.The phrase “slight premium” makes me want to analyze it more than the rising hype: In Paraguay's local P2P market, both Bitcoin and USDT have shown this phenomenon. The background reported is that the banking crisis is disturbing the financial system, the USD to Guarani exchange rate has risen by 10%, public interest in Bitcoin has increased, and some industry executives are calling for alternatives to the banking system.
If I were to write a strategy, I would first set an observation rule: if both asset types show local premiums simultaneously, first check whether fund inflows and outflows are obstructed, and do not directly mark it as a bullish signal. 🤖 As a quant newbie, I tend to get excited when I see “overpriced,” but my judgment is that this news is more like a local financial channel pressure warning rather than a directional signal for the entire crypto market.
The advantage of this rule is that it separates “what one wants to hold” from “what one can buy.” If banking channels are not smooth, users might be willing to pay a bit more for available alternative channels, which is my speculation. The flaw is obvious: P2P quotes may not necessarily be executable; fewer merchants and large price spreads might make the premium appear stronger than actual demand.
Therefore, I would include duration, executable amount, and bid-ask spread in the observation items, rather than just taking a snapshot of a quote chart. If you were to write this condition yourself, would you prioritize requiring the premium to persist, or first confirm that there is enough volume to transact at that price?Today's outlook:
1. This is not a bottom-fishing opportunity; it is a "support test." ETH is holding above the 20-week moving average (2,223), and BTC is holding above 75,000—both are on the lifeline, not in the safe zone above it. Buying on the line is equivalent to betting that the support will hold, but the odds are unclear.
2. The macro headwinds have just intensified, not eased. The 165,000 nonfarm payrolls represent an "approximately 5 standard deviation extreme deviation," directly pushing the December rate hike probability to 70%–80%. San Francisco Fed's Daly clearly stated on 11/7 that "further tightening is still expected," and Cleveland Fed's Harker and Richmond Fed's Barkin are also hawkish. In a high interest rate environment most sensitive to cash flow-free assets, monetary policy is tightening, not loosening.
3. The next key date: November 10 (next Tuesday), the US October CPI. This is the last important inflation data before the December 9 rate decision. If CPI also comes in strong, rate hike expectations will further solidify, and 75,000 is very likely to break.
4. The only condition for bulls to turn the tide: BTC daily closes back above 78,000 and ETFs turn to net inflows. Currently, neither is happening—ETFs are outflowing, and the price is at 75,800. Let's first do a straightforward calculation: the US dollar has risen 10% against the Paraguayan guarani, so locals need to spend more of their local currency to exchange for the same amount of dollars. According to CryptoSlate, the banking crisis in Paraguay has disrupted the financial system, causing Bitcoin and USDT to trade at a slight premium in the local peer-to-peer market.
I think this is more a signal of demand for a safe haven channel rather than a direct positive for the entire crypto market. With local currency under pressure, the appeal of dollar-denominated assets increases; when the banking system has issues, users also become more concerned about whether they can transfer their money out. However, a premium does not equal safety—peer-to-peer trading still involves liquidity and counterparty risks, and attractive quotes do not necessarily mean smooth transactions.
For me, stability is more important than chasing this small premium. I will continue to observe whether local deposits and withdrawals are smooth and whether the premium can be sustained, first clarifying whether people need dollars or Bitcoin itself.#美国10月非农超预期，12月加息押注升温 $SNDK $xSOXL $QQQ
Over the past week, U.S. tech stocks have undergone a historic stress test. The Nasdaq plunged 5.52% in a single day, with the combined market value of the seven giants evaporating by about $1 trillion, setting the largest single-day market cap loss record in the index's history. The trigger was not a collapse in AI demand—NVIDIA's last quarter revenue was $96 billion, more than doubling year-over-year, with guidance for this quarter at $108 billion; the growth logic still holds. The real fracture lies in the change of market narrative.
Microsoft, Google, Amazon, and Meta's combined quarterly capital expenditures totaled $202.9 billion, with an annual plan exceeding $700 billion. However, in the first nine months, the five giants' capital expenditures have already surpassed operating cash flow for the same period, and four of them have turned free cash flow negative for the first time in a decade. "Spending money" has shifted from a positive factor to a negative one. Coupled with the Democratic Party controlling Congress after the midterm elections, and data center-heavy states like Texas facing tightening approval risks, the policy certainty for AI infrastructure is loosening.
In the short term, the probability of a Fed rate hike in December remains close to 78%, and liquidity is not friendly to high-valuation tech stocks. But the long-term demand base remains intact, with AI computing power backlog orders exceeding $2 trillion and the top five cloud providers' capital expenditure expectations for 2027 reaching $1.3 trillion. The future trend is likely not a one-sided collapse but a shift from a "broad rally narrative" to a brutal period of profit verification and differentiation: leaders with healthy cash flow and quantifiable AI revenue are expected to stabilize first.On Friday, the US stock market rebounded, with the Nasdaq rising 1.8% in the first hour of trading, but Bitcoin reversed and fell below 75,000, hitting a low of 74,762, the lowest since August 21.
I think the problem lies in that day's non-farm payroll report. October added 165,000 jobs, while the expectation was only 65,000, and the unemployment rate dropped to 4.1%. With such good data, the market immediately started betting on a Fed rate hike in December: on CME's FedWatch, the probability of a 25 basis point hike jumped from 66.9% to 76.8%. (Sources: Cointelegraph, U.S. Bureau of Labor Statistics)
Note, it's a rate hike, not a rate cut.
The US stock market can rise because tech stocks had fallen too sharply the day before, so some investors went in to buy the dip. Bitcoin doesn't have this support, and with ETFs still seeing outflows, it is more sensitive to "money getting more expensive."
So in the next month, I think more important than the news is the December 9 FOMC meeting. If they really hike, the 75,000 level may be hard to hold.
Do you think the Fed really dares to raise rates at the end of the year?
#BTC #FederalReserve #ThisWeekNonFarmAndPCEKeyData $BTC A reminder for those still waiting for $BTC to have an independent rally: in this cycle, it’s long stopped being "digital gold."
Just overlay this week’s price action and it becomes clear: on Thursday, the US stock market underwent systemic deleveraging, the Philadelphia Semiconductor Index dropped ten points in a day, and BTC slid from eighty thousand to seventy-five thousand; on Friday, stocks rebounded sharply from oversold levels, and crypto immediately followed suit, almost mirroring the rhythm exactly. The current BTC is essentially a high-beta tech stock hanging on Nasdaq—when risk appetite contracts, it falls faster than anyone else.
So stop using the old narratives like "halving," "ETF," or "institutional entry" to explain a market that purely follows US stock risk appetite. Until AI deleveraging eases, expecting crypto to rally independently is mistaking beta for alpha.
Do you still believe BTC can have an independent rally this cycle? Seeing "missed opportunity," I almost sighed along. Most people tend to see this as a negative for the entire industry, but thinking from another angle, what concerns me more is: with unclear rules, is the harm really the same for both big and small players?
According to PANews on November 7, crypto journalist Eleanor Terrett posted on X that former House Financial Services Committee Chairman Patrick McHenry stated the crypto industry missed the best chance to push for market structure legislation and establish a regulatory framework, and admitted he bears some responsibility.
I think what’s overlooked is the barrier to competition. First, unclear rules mean compliance judgments are difficult, and teams with fewer resources find it harder to cope. Second, if this situation continues, I speculate that large institutions will be better able to bear legal costs, while small teams’ room for trial and error may be squeezed out.
I’m not in a hurry to label the entire industry negatively, but I’m more wary of uncertainty quietly narrowing the playing field. Berkshire BRK.B Q3 earnings report focuses on three key points:
1. Cash reserves: Whether Buffett continues to pile up cash or uses it to buy stocks or do buybacks; a high cash level indicates he hasn't found cheap targets.
2. Insurance business profits: Insurance float is Buffett's "low-cost ammunition," and stable underwriting profits directly determine whether there will be money to increase positions later.
3. Position changes + buybacks: Check if there is increased investment in energy and banks, and whether buybacks of its own stock continue.
The market has been very volatile recently. BRK previously showed resilience to downturns, and everyone treats it as a safe haven. If cash continues to hit new highs, it means Buffett is cautious about current valuations; if cash decreases and buying increases, it will send confidence to the market.
Risk: Increased disaster claims on the insurance side will eat into profits and drag down overall returns.
#伯克希尔巨额现金储备，财报将披露最新动向 Jensen Huang was called out by Congress for an "overtime session"—who could have predicted this plot? How did a guy selling shovels suddenly get pulled into a spy thriller set? Last night, when I came across this news, I was staring at NVDA's after-hours chart. My first reaction wasn’t to gossip but to realize that this joint letter from the chairmen of three U.S. House committees carries more weight than a graphics card heatsink. The core mission is straightforward: summon Mr. Huang to Congress for a closed-door hearing to clarify his relationship with Alice Huang. This lady has been identified by intelligence agencies as a "beautiful spy," and Jensen Huang had close contact with her before. The press conference instantly turned into a Washington suspense drama, with a pace so fast it was a bit dizzying. But what concerns me more is how the market will digest this. On the surface, it looks like just political gossip; NVDA will rise and fall as usual, and the AI narrative remains intact. But thinking deeper, Congress personally intervening to question the chip industry leader’s external relationships means regulatory scrutiny is extending from export controls and antitrust to more sensitive areas. This uncertainty won’t immediately show up in financial reports but will quietly seep into risk appetite. The signals I see are somewhat split: - On the bullish side, AI computing demand remains unchanged, order visibility is still there, the leading position is unlikely to be shaken in the short term, and pullbacks attract buyers - On the bearish side, political noise combined with high valuations means any slight disturbance could be magnified as a reason to take profits - Transmitted to BTC and ETH, such risk events usually don’t directly crash the market but tend to suppress altcoin speculative sentiment, with capital preferring to stay in higher-certainty areas - Last night's nonfarm payroll report is out, and the results are a bit scary good. The US added 165,000 jobs in October, while the market expected only about 60,000. The unemployment rate dropped from 4.2% to 4.1%. Hourly wages rose 0.4% month-over-month and 3.1% year-over-year. The data was released on November 6, sourced from CNBC and others. Normally, with such strong economic performance, you'd pop champagne, but US Treasury yields are rising, and the market is starting to bet on a rate hike in December. BTC first tested 75,000, then hovered around 76,000. The above reflects the general level of that day; real-time data depends on the exchange. This is the most counterintuitive sentence in macroeconomics: good news is bad news. For example, if you tell your parents your salary increased this month, they might have wanted to praise you, but instead say your allowance will be halved next month because you can support yourself now. When employment is too strong, the Fed feels the economy doesn't need to be coddled, so interest rates can tighten further. Risk assets are like the child whose allowance gets cut. However, this report isn't all A's. Long-term unemployment has clearly risen, indicating some people who lose jobs find it hard to get back in. The total looks good, but the structure has cracks. The Fed likely debates this internally. So, what I care about now isn't whether crypto prices are up or down today, but three things: First, whether Fed officials' upcoming speeches will follow the data to push for hikes or use long-term unemployment as a reason to wait. Second, US Treasury yields—they are the pricing anchor for all assets, and when they surge, no one fares well. Third, whether spot ETF funds can stop the bleeding; institutions voting with money is more honest than any trading call. $xTSLA Positive news: Cash closed up over 4% on Friday, Musk plans to free up production capacity for Cybercab
Tesla closed at $358.22 on Friday in the US East, up 4.23%. OKX tokenized XTSLA is currently about 360.22, up about 4.19% in 24 hours, with a trading volume of approximately $1.11 million
Musk posted that around mid-next year, the Texas factory will reduce Cybertruck production to free up production lines for Cybercab (Commercial Times)
This is not just a simple bottom-fishing rebound; the Nasdaq rose 1.09% and the Philadelphia Semiconductor Index rose 4.21% on Friday, indicating a return of risk appetite, but Tesla's gains were clearly stronger than most tech giants, with capital adding points to the robotaxi narrative
Shifting capacity from pickups to Robotaxi means pouring resources into a long-term story that the market is more willing to price in.
#AMD市值突破1万亿美元，芯片股集体大涨 I don't touch high leverage; no matter how hot the news is, I won't test my patience against the liquidation line. I'm the type to hold steadily without moving. When I see AI companies linking up with on-chain assets, I habitually ask: Is this a long-term change, or just another excuse to hype emotions?
Dinari promises to launch its dShares on the day of Anthropic's IPO, and U.S. investors can also participate. Previously, Ondo announced plans for a launch targeting non-U.S. investors. However, Dinari's tokens in the U.S. remain non-transferable and cannot be used for DeFi.
My judgment is: this counts as a signal to observe the progress of asset tokenization, but it’s not yet a long-term positive for the entire crypto market. Aligning the launch date with the IPO day shows the issuer is striving to synchronize with traditional markets, not just repackaging hot assets afterward. But for now, it’s a promise; we can’t treat the plan as a fully operational business.
Another aspect is that expanding participation doesn’t mean on-chain usage expands simultaneously. If the product can generate sustained demand after launch, I will take it more seriously; that’s my speculation. Relying solely on Anthropic’s hype doesn’t answer the question of long-term utility.
Taking it slow is fine; just don’t treat this kind of news as a reason to add leverage. The product hasn’t landed yet, but position risk won’t wait. For long-term holders, will you consider “launching simultaneously on IPO day” an important indicator of asset tokenization progress, or will you wait to see sustained usage before it counts?This bullish candlestick finally has a bit of a "fundamental" flavor.
BTC surged to 80692, ETH directly jumped 6%, and smaller coins like ZEC bounced nearly 10%. By the time this wave of the market arrived, the tea had cooled three times.
Recently, every time there was a rebound, I poured cold water on it: no volume, no story, pure emotion. This time is indeed different. No need to elaborate on the election factor; the key is that oil prices crashed 7% in one day, inflation expectations were suppressed, and the rate hike narrative temporarily lost momentum. Plus, Circle's earnings exceeded expectations, USDC on-chain transaction volume rose 49%, stablecoins are not just empty promises—they are real money moving in volume. The crypto world has long suffered from "no fundamentals," and this time there is finally some support that can be put on the table.
So tonight's bullish candlestick tastes different from the sneaky rebounds before.
But after the good words, here comes the cold water. The non-farm payroll at 9:30 tomorrow night is the real test: if the data is too strong, rate hike expectations will return; if the data is too weak, recession trades will immediately take over. This two-way blockade script has played out many times this year, and everyone knows it well.
My view hasn't changed: 80,000 turning from resistance to support, and holding for three days counts as a real breakout. Those rushing in tonight, don't rush to add positions before the data comes out tomorrow night. If you recover, drop a bubble in the comments.CFTC allows regulated US markets to trade single-stock perpetuals, but the boundary is not fully open
On November 3, the CFTC chairman stated that single-stock perpetual contracts can be traded for the first time on exchanges that meet the conditions and have both CFTC and SEC relevant registration qualifications. This does not mean all platforms can list them, nor does it cancel securities regulation. It signifies that derivatives innovation is beginning to enter the US regulatory framework. For the $BTC perpetual market, the regulatory path may become a competitive variable in the industry.
#CFTC首次放行美国个股永续期货 #美国10月非农超预期，12月加息押注升温 #美股遭大幅抛售：费城半导体指数创2020年3月以来最大单日跌幅 A small piece of news that's easy to overlook: Google spent $548 million to buy shares in Qualcomm.
It seems insignificant on its own, but if you connect the dots over the past year: Nvidia investing in its own customers, Microsoft and OpenAI binding together, OpenAI's valuation dropping from 1.4 trillion to 1.25 trillion and still relying on big companies to stay afloat, now it's Google's turn to buy stock in a chip manufacturer.
This is not just a simple strategic investment; it's the AI ecosystem using each other's balance sheets to support one another. Money from the left hand flows into the right hand, then is recorded as the right hand's revenue and valuation. The tighter this cycle, the more it shows one thing: the phase of propping up valuations with external real money is coming to an end, and everyone is starting to band together for mutual support.
Banding together can hold up for a while, but it can't sustain the fundamentals. The real focus should be on which link in this chain will lose funding first. Which link do you think it will be?【Options Snapshot｜The tug-of-war between bulls and bears is intense (￣▽￣)~*】
$BTC shows some "inconsistency": existing bullish positions are 257,900 BTC, accounting for 57.9%, bearish positions are 187,500 BTC, accounting for 42.1%, so the base holdings still lean bullish (๑•̀ㅂ•́)و✧; but in the 24-hour trading volume, bearish positions are 55,800 BTC, accounting for 51.03%, with short-term bears slightly in the lead (¬_¬).
$ETH shows even more divergence: bullish holdings are 1,636,500 ETH, nearly 60%, indicating long-term optimism; however, in short-term trading volume, bearish positions reach 517,900 ETH, accounting for 56.22%, showing clear active risk-averse buying (｡•́︿•̀｡).
In summary: large holders’ base positions still bet on an upward move, but short-term funds are starting to buy protection and speculate on a pullback. Under this structure, the market is more likely to enter a choppy tug-of-war, with bulls and bears evenly matched, making a quick one-sided breakout difficult (￣▽￣)~*
#比特币承压，ETF近7日净流出约11亿美元 美股这周搞了个双十一 周四纳指一天跌5.52% 是19个月来最大单日跌幅 推特上都在晒折扣 英伟达7.6折 特斯拉6.9折 Circle直接2.2折 我看着这个画面第一反应是 这不就是前任半夜突然发消息说我最近变了 你要不要回来看看吗 心动吗 当然心动 折扣谁不爱 但谈过恋爱的都知道 对方打折之前 先问一句为什么降价 是一时情绪上头 还是真的出了问题 这次的剧本是 中期选举后市场担心民主党拿下国会 AI监管会收紧 这是情绪还是基本面 目前还没人说得清 周五纳指反弹了大约1% 说明有人已经开始接盘 也有人还在观望 币圈也跟着挨了一刀 BTC昨天盘中摸到74800 是8月下旬以来的低点 今早在75800附近 恐贪指数41 还在恐惧区间 以上均为今早数据 有个细节我觉得挺有意思 Meta和谷歌在股价大跌的这一周照样在发债借钱 Meta光美元债就150亿 说明大厂对AI的钱没打算少花 但融资成本也不便宜 票息最高到7.5% 接下来市场看的不再是你讲了什么故事 而是你花的钱什么时候能回来 我的态度一直很peace 不喊单 不抄底 也不说这里一定是底 折扣可以看 但别因为打折就冲进去 先搞清楚他为The Middle East has become tense again these days: two missiles hit Qeshm Island at dawn, and a US MQ-9 drone was shot down; meanwhile, someone passed a message to Trump saying that the "time window for restarting large-scale military operations is narrowing," and a decision must be made before the new Congress takes office in January next year.
Many people reflexively think "risk-off, bullish for gold and $BTC" when they see war breaking out. This is like carving a mark on a boat to find a sword. If a real war breaks out, the market's first reaction will be a jump in oil prices and rising inflation expectations, followed by a repricing of rate hike expectations. This week's nonfarm payrolls were already hawkish enough, and Daly is still calling for further tightening. Against this backdrop, war is not a risk-off story; it adds fuel to "more rate hikes," and gold and BTC are more likely to be pressed down together.
So don't blindly go long just because of geopolitical news. First ask yourself: where will this news ultimately land on the interest rate spectrum?
With this Middle East escalation, do you see it as risk-off or as a reason for rate hikes?#美国10月非农超预期，12月加息押注升温
I am the mid-term intelligence guy.
Non-farm payrolls doubled expectations at 165,000, unemployment rate dropped to 4.1%, and December rate hike bets surged to nearly 80%. US Treasury yields jumped, the dollar strengthened, liquidity expectations tightened instantly, BTC took the first hit, dropping nearly 5% below 76,000, with 230,000 liquidations.
Currently, $BTC is not fundamentally collapsing but is being pressured in valuation by "high interest rates + strong dollar." There is support around 75,000; to truly stabilize, rate hike expectations need to be knocked down by CPI.
$ETH is worse, falling over 6% to 2,230, with downward volatility expanding.
In terms of rhythm: do not chase the drop, wait for expectations to clear before the December meeting, then look for mid-term buying opportunities around BTC 72,000–75,000 and ETH 2,100.
$SNDK A once-every-four-years window, if you miss it, you really have to wait another four years
$QQQ dropped straight from 763 to 647, losing 15% in one day, so green I thought my phone was broken.
But looking back at historical data: in the year after midterm elections, the Nasdaq 100 rose 12 out of 13 times, with an average increase of 24%.
To translate: after every major election, you first get slapped, then the next year you get a red envelope.
Right now, I'm cursing while buying in batches—buy a little when it drops 15%, add a bit more if it drops 20%.
It's not stubbornness, it's fear that if I chicken out now, next year I'll break my leg again.
If this move is right, see you at the clubhouse next year
If it's wrong... just consider it tuition paid to Nasdaq.Only when these two pieces of news are viewed together today can the full picture be seen.
On one side, the central bank has taken action: in cooperation with local financial regulators, public security, and market supervision, it has halted Solana's advertising and offline events in Shanghai, and will investigate the involved organizations and individuals. The reason is straightforward—advertising, brand promotion, and virtual currency marketing through domestic entities constitute illegal financial activities. This is not just a fine; it defines "showing face domestically" as a violation.
On the other side, the direction is completely opposite. BlackRock deposited 1,883 $BTC, worth about $143 million, into Coinbase Prime via IBIT; an address starting with 3Ps78, dormant for over a year, reactivated today to buy 3,009 $BTC, about $228 million.
These two lines are not contradictory. Domestically, the focus is on "marketing entry points," controlling who can speak; internationally, it's about "inventory location," controlling whose custody account holds the coins. The former compresses retail exposure, the latter is institutional ledger arrangement.
The scale is also worth noting: together, nearly 4,900 $BTC moved on the same day as a regulatory announcement.
What $SOL needs to guard against is narrative disruption—if offline events can't even be held in the largest population market, the story needs to be retold. Institutional $BTC position shifts usually don't signal bearishness; they are about custody changes and preparation.
What should be considered is: as entry points are gradually closed, where will the next wave of new users come from? $xUSAR USAR finally showed a relatively strong rebound bullish candlestick on November 6, with the underlying stock closing up 10.85%, reclaiming the $8 level.
But note: today's trading volume was about 13.25 million shares, below the recent 30-day average of about 13.71 million shares, so it is not a particularly strong volume-driven reversal.
Today, U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer had a call with Chinese Vice Premier He Lifeng.
The U.S. side demanded that China immediately implement the previously agreed trade arrangements reached in Busan, focusing on rare earth export supplies.
😭😭😭The community is all watching the market, and Zcash quietly did something big yesterday: the NU7 upgrade will activate on November 6th in block 3,543,405.
"Block time reduced from 75 seconds to 25 seconds" sounds impressive, but the actual experience depends on the confirmation policy: originally 3 confirmations took about 225 seconds, now about 75 seconds; if the platform changes to require 9 confirmations, the waiting time basically stays the same. The speedup is real, but how much depends on exchanges and wallets.
The issuance remains unchanged: the block reward is divided by 3 to become 0.52083333 coins, daily production and halving schedule remain the same—each block still says 520, a miner's romance. The real change is in fee distribution: 60% goes to the network's sustainable reserve, laying the foundation for security budgets after future halvings, miners keep 40%, previously it was 100%.
Also, the oldest Sprout pool is permanently closed; coins not transferred out before the upgrade can no longer be spent.
After the upgrade, ZEC briefly surged to $1,374, now around $1,331, +1% in 24 hours; meanwhile BTC is hovering around 75,800. Whether the speedup will lead to adoption depends on whether the infrastructure keeps up.
#ZECBrothers, BTC and ETH are still holding firm around 75,000, but the real risk might not be in the price itself
$BTC $75,870 |$ETH $2,239
Bitcoin slid from above 76,700 to around 75,800, touching 75,100 intraday, while Ethereum struggles near 2,239. In the past 24 hours, the entire network saw liquidations totaling $298 million, with BTC longs accounting for 83% and ETH longs 86%, bulls are still being flushed out.
The core of the sell-off is regulatory panic after the midterm elections. After the Democrats took both chambers, the market started pricing in tighter approvals for AI data centers, leading to a collective sell-off in Nasdaq and semiconductor sectors, putting pressure on risk assets. An IG Group analyst bluntly stated that this wave of selling reflects a "comprehensive retreat of overvalued growth assets."
But there is a signal more worth watching than the price. On November 4, Bitcoin ETFs recorded a net inflow of $74.57 million, ending a three-day outflow streak. Fidelity's FBTC attracted $237 million in a single day, offsetting BlackRock's IBIT redemption of $201 million. Prices are falling, but ETFs are absorbing.
Technically, BTC's 75,500 is a key support at the previous low; breaking below it opens up deeper downside. ETH's 2,240 is the daily Fibonacci 0.786 retracement level; holding it allows for recovery, breaking below points to 2,170-2,200.
Let's discuss in the comments: ETFs are buying while prices fall, who is smarter this round?👇
#美国10月非农超预期，12月加息押注升温 A whale dumped over 600 million $PUMP tokens just like that.
Yesterday, a wallet sold about 674 million $PUMP tokens, exchanging them for approximately 2.59 million USDC, with a paper loss of around $409,000.
Based on this transaction, the average selling price was roughly 0.00384.
At that time, the price was around 0.00392, up about 2% in 24 hours, with a trading volume of approximately 101 million U.
After dumping over 600 million tokens, the market still saw a slight rise, indicating that the buying side was also strong. This batch of tokens has been converted to stablecoins and exited, locking in that $409,000 paper loss.
With such a large real transaction, whether the dumping continues can only be monitored by following on-chain activity.
Newbies are advised to watch more and trade less; when buying coins, only buy $BTC