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$MUBARAK was the star meme of March 2025: meaning "blessed." CZ bought about $600 worth with 1 BNB, it rose 200% in two days, and the market cap touched 200 million. Now the market cap is only 40 million.
In the past two weeks, it has only done one thing: bleeding. It slid down from 0.0525 to 0.040 without a crash or black swan event, just no buyers—daily volume shrank from 6 million to 1.78 million, and the ceiling kept lowering step by step: 0.0445, 0.0438, with each rebound weaker than the last.
At 00:00 this morning, a sharp drop hit 0.03889, the largest single-hour volume in several days, approaching the previous low of 0.03856 on 11/3, then weakly pulled back to 0.040. The project team has no new updates, and CZ has not interacted again—the story is over, only existing holders are watching each other now.
The real risk for this token is not how much it falls, but if volume continues to dry up, the previous low will be breached on contact. The main bet is on a weak bottoming with a bias toward breaking down: if 0.0386 doesn't hold, look for 0.034-0.035.
Watch volume to confirm: after this drop, is there volume to follow? Can daily volume return above 3 million? Any rebound without volume is fake; only after holding above 0.0438 can a turnaround be discussed.At the $ETH 2207 USD level, only a thin layer separates it from the 2200 whole number threshold, but the real signal lies elsewhere: a trader has been averaging down from 2297 to 2343 and has not reduced their position, only planning to place a sell order at 2200. This is not an isolated case but a collective stance—bulls are fighting the trend by adding positions and comforting themselves with the average price. The biggest warning is not $ETH itself, but the behavior of the same funds elsewhere. Someone has reduced leverage on $AKE from 10x to 5x, then to 4x, raising the average price from 0.0042850 to 0.0051827. Last night, unrealized profits once reached $16,000 but were not taken; now they are holding the position. The lower the leverage, the higher the average price is pushed—not risk management, but self-comfort after passive losses. Complaints about "long and short double blowouts" essentially blame market makers for poor position management, but the market never responds to emotions, only to chips. A more subtle signal is in $SNDK. While retail investors are still discussing "bottom fishing," the order book tells a different story: 800 has already been broken, buy orders are thin, and selling pressure continues. Those entering now are not bottom fishing but supplying bullets to the shorts. The narrative of "everyone is bottom fishing" often appears at moments with the weakest support—the true bottom never needs mobilization. Putting these three clues together, the picture becomes clear: $ETH is approaching a key psychological level, $AKE's high-leverage bulls are forced to reduce leverage and hold positions, and $SNDK's "bottom fishing consensus" diverges from the order book. ThreeThe chain is faster, but the interface may not be.
I don't endorse wallets with a stopwatch.
SOL spot price is $89.16, 24-hour low is $89.10. The finality mentioned in the upgrade report is not the actual time I confirm and see the funds arrive in the wallet interface.
Two clocks, recorded separately.
$SOL
#美国10月非农超预期，12月加息押注升温 "Restricted Purchase Opening: Regulatory Model or Narrative Noise?"
On November 6, the Russian Central Bank fixed the retail purchase list: $BTC, $ETH, $USDT, effective from November 17. Purchases can be made through brokers, asset managers, or crypto exchanges; qualified investors have no limits but must pass a test before trading. Non-qualified investors have an annual limit of about 300,000 rubles — this is not a "nationwide open celebration," but a limited channel under regulatory control. The Moscow Exchange also plans to launch in December. Lowering the threshold ≠ reducing risk.
For the global narrative, in the short term, it looks more like noise: limited quotas, pre-trade testing, controlled channels, and actual incremental funds are unlikely to be a major catalyst. But in the long term, this is a sovereign state incorporating crypto assets into a compliance framework, which is a positive step toward institutional normalization. For $BTC and $ETH, don’t interpret "opening" directly as "liquidity easing"; first look at the implementation details and actual subscription scale.
Confidence: High | Source: Russian Central Bank official disclosure. Do you think this kind of "restricted purchase opening" adds value or noise to the global narrative? #美国10月非农超预期，12月加息押注升温 #美股暴跌后科技股反弹，纳指周线仍跌约3.4% #BTC现货ETF年内累计净流出约4.16亿美元 #软银重金押注OpenAI，Q2财报能否交出亮眼成绩？ How to put itIt's almost dawn, and I'm studying the order opening strategies of the experts. I found one address holding 1,352 BTC short positions, with an unrealized profit of 3.74 million, total position size 187 million, all three legs are short.
BTC is the main position: 25x full position, opened at 78,645, nominal 103 million, accounting for 84%, the entire account relies on it. ETH and SOL are satellite positions, 15.62 million and 3.21 million respectively; ETH opened at 2,262, unrealized profit only 140,000, the weakest; SOL opened at 94.66, unrealized profit 170,000.
But the biggest risk lies in the full position. BTC liquidation price is 92,450, 22% away from the current price, backed by the entire account equity with no isolation wall: if it truly stands back above 80,000, the unrealized profits of all three legs will be simultaneously given back. 121 pending orders are still hanging, take-profit and short replenishment are all arranged, this is a managed position, not a gamble.
My view: an institutional-style short portfolio, heavy main position, light satellites, orders manage the exit. The structure and patience can be learned, but I won't learn the full-position one-sided trade.
Watching two signals: closing ETH first is the retreat line, only when BTC main position reduces can the downtrend be considered over. He hasn't touched ZEC; tonight ZEC short positions are being squeezed, he doesn't squeeze thin positions.#Rapid growth of NebiusAI cloud business faces financial report test I'll be honest, this is the most interesting $NBIS story of the week.
Dylan runs SemiAnalysis, an AI chip research firm. Here he's saying Nebius should be worth MORE than the startup Baseten.
SemiAnalysis also happens to own the research firm "Citrini" which told clients this week to bet against $NBIS... then switched that bet against $IREN instead.
All this happening right before $NBIS earnings.
5 days until Nov 12.The rate hike bets are back, so why did gold fall first?
On the evening of November 6, the US added 165,000 nonfarm jobs in October, more than twice the market expectation; the unemployment rate dropped to 4.1%, with a total upward revision of 84,000 jobs for the previous two months. After the data was released, the probability of a rate hike in December jumped from 67% to nearly 80%, the two-year US Treasury yield rose about 8 basis points, and spot gold fell more than 1%. $XAU It's all inflation's fault that led to the Democratic Party coming to power. Once the Democrats took office, most data center projects were paused, and the entire AI industry chain was repriced. In the end, the Democrats couldn't accomplish much. The Democrats are very much like the Qingliu faction during the Jiajing period; although they start from the perspective of the American people's living costs, without relying on Trump's three-pronged approach, the U.S. will most likely decline. The U.S. government currently has only three ways to make up the fiscal gap: first, selling oil and natural gas; second, tariff wars (which are essentially years of trade deficits demanding other countries exporting to the U.S. to subsidize America); third, AI investment (this was proven in Q2 and Q3, with economic growth accelerating again in Q3). Then, oil prices need to be sold at high prices but controlled within a certain range—exact figures unknown—but global inventories are at historic lows. Regardless of whether the straits are open or not, oil prices will remain high because refined oil inventories are even lower. The surge in oil prices will affect inflation, causing it to soar and thus pushing up U.S. Treasury yields. Rising Treasury yields will limit the Treasury Department's ability to reduce the fiscal deficit and the Federal Reserve's room for rate cuts and balance sheet reduction. Overall, the President, the Federal Reserve Chair, and the Treasury Secretary form a trinity; many times this year, these three have each been responsible for controlling oil prices, with the Treasury releasing TGA accounts in coordination with the Fed's reverse repo operations on U.S. Treasuries. Both are showing green, but one surged then retreated, while the other is still near its high. I think calling both CT and NES "strong" is a bit too simplistic.
CT is currently priced at 0.12841, up 3.07% in 24h, but it peaked at 0.14627 and is now 12.21% below that high. With a volatility of 17.89% and a trading volume of about 6.71 million USDT, the market is quite active, but the price didn’t hold the surge level. For this kind of green, I prefer to call it "the afterglow of a surge."
NES is currently at 0.1559, up 6.27%, only 0.70% below its high, with a volatility of just 7.23%. It looks steadier, but the trading volume is about 160,000 USDT, which is a different level of activity compared to CT.
Here’s the controversy: CT has larger volume but retreated further; NES has smaller volume but holds its position better. I focus on the distance from the high and volatility structure, not just the ranking by gains—the green on the list only means it’s still rising, not that the rise is equally solid.
Keep watching: do you focus on the gain rankings or the position holding near the high? #OKX星球话题来啦 $CT $NES During this period, the storage sector in the US stock market has been hit very hard. I deliberately refrained from shorting SanDisk below 1200, waited for two weeks to bottom fish at 1036, hoping for an ideal rebound around 1000. I thought a pullback to around 1000 in July could rebound 400 points in one day, so a rebound of 100-120 points this time wouldn't be excessive. But the rebound was only 60 points, with almost no resistance at the threshold, extremely disappointing, almost spat out old blood. So the night before last, I had to stop loss at the July low of 970, then shorted two orders with 50x leverage, capturing 150 points of momentum in the accelerated downtrend.
SanDisk, which I traded most intensively in July-August, now I have to prepare to give up on this target. In principle, the pullback is too large, not suitable for continuously chasing shorts, but the highs keep moving lower, and the pullback trend is gradually escalating. For now, it's safer to short on rebounds. 800 is the last line of defense; if it breaks here, it will head towards 688-642 or even lower. Because the weekly MACD shows a trend of crossing below the zero line, and the daily line has not yet formed a bottom, once the 800 support breaks, the downtrend will accelerate again.
Therefore, if you still hold long positions around 1000, you must hedge by continuously reducing positions on rallies. Take profits on shorts when you can; there is not much room for choice now. Solely going long or bottom fishing the stock is currently neither affordable nor worth waiting for. The power transition in the US has a huge impact on semiconductors, which is an irreversible short-term negative. It is expected that after the congressional power transition stabilizes policies and institutional funds come in, storage may return to a bullish trend. $SNDK October Nonfarm Payroll Data Shocks the Market: 165,000 New Jobs Added (Far Exceeding the Expected 65,000), Unemployment Rate Drops to 4.1%. After the data release, the US Dollar Index surged rapidly, and market bets on a further Fed rate hike in December intensified sharply. Fed officials (San Francisco Fed President Daly) timely signaled a hawkish stance, indicating that "rate hikes may still be necessary." Faced with such strong data, the market experienced short-term dips followed by volatility, with fierce debate over whether the rebound is a dead-cat bounce or a realization of negative news. From the perspective of commercial trading and capital competition, let's break down the current core logic. The truth behind the strong nonfarm data battle: macroeconomic pressure remains unrelieved. The much higher-than-expected job additions combined with the falling unemployment rate have directly shattered the illusion of "sharp rate cuts/easing." The Fed has ample reason to maintain a hawkish stance. Short-covering vs. trend reversal: the price rebound after the strong nonfarm data is largely due to extreme panic before the data, with short sellers taking profits and covering positions after the negative news was realized; this is more of a liquidity-driven oversold rebound rather than a definitive trend reversal. The real ultimate test: November 10 CPI data. Nonfarm payrolls represent employment resilience, while the upcoming October CPI is the decisive indicator of inflation. Before the CPI announcement, capital will likely maintain high-frequency oscillations and probing. How to seize the initiative amid macro disturbances? "The market always swings between sentiment and data; traders only focus on profit and loss." What is most feared if there is progress in negotiations is misinterpretation.
The truly useful news is when navigation, supply, and risk premiums undergo substantial changes, not just a change in the tone of the headline. On November 6, Brent crude settled at about $98.32, with a weekly decline close to 17%.
First, looking at $SOL: on November 7 at 12:00 UTC, about $89.93, 24h -0.47%; aggregate OI daily change -5.2%. High elasticity has not been fully released, weekly recovery still to be confirmed.
On the other hand, $LINK: about $10.82, 24h -0.37%; perpetual OI across three exchanges about $168 million. The price has not independently broken through; subsequent spot transactions need to be observed.
Comparing horizontally, diplomatic progress itself does not equal new spot buy orders; the crypto market still needs to check if volume and contract positions are aligned.
If crude oil jumps next time, I will first look at whether the dollar and yields move in the same direction, then see if the crypto market has simultaneously expanded sell orders.
If good news is released but the coin price surges then falls back, would you consider it a cash-out or a false breakout?
#美军再度打击伊朗，霍尔木兹海峡重开仍存分歧 #美国10月非农超预期，12月加息押注升温 #美股暴跌后科技股反弹，纳指周线仍跌约3.4% WLFI Buyback: Where Does the Money Come From and Where Does It Go?
After WLFI dropped more than 60%, it quickly announced a buyback, showing a proactive stance, but a closer look at the terms makes it seem more like a defensive move.
The cash reserves are not substantial. The buyback funds "may include" USD1 reserve earnings, and the USD1 reserve earned about $12.09 million in October, averaging less than $390,000 per day. Compared to WLFI's market cap of about $1.5 billion, the scale of this support for the price is highly questionable.
More critically, the cash reserves themselves are leaking. The USD1 circulating supply shrank by 7.6% in one week and 19.5% in one month. Reserve earnings depend on the circulating supply; as the supply decreases, the "ammunition" for buybacks will only diminish. Using shrinking cash flow to support the price of an existing token is logically inconsistent.
It is also unclear how the repurchased tokens will be handled. The project had a precedent of buyback and burn in 2025, but this announcement only mentions "increasing voting rights for long-term holders" without clarifying whether or how many tokens will be burned. If not burned, the buyback merely transfers circulating tokens from one group of holders to another, with no change in total supply and no real change in supply-demand dynamics.
Therefore, the real indicator to watch is not whether Trump endorses it, but whether the USD1 circulating supply can stop declining. That is the only source of fresh funds for the buyback; if the source dries up, no matter how good the story sounds, it won't connect.The moment a breaking news alert popped up on the market screen, the group chat went silent for two seconds, then emoji spam started flooding in. So, do you think the market believed it first, or did people panic first? What I see is the emotional fluctuation brought by the latest Financial Times report: U.S. intelligence assessment claims that Jensen Huang had a personal relationship with Alice Huang, former head of Megaspeed, who is suspected of collecting information for China. Previously, Nvidia's official stance was that the two only had normal work interactions. The truth of the news is still uncertain, but the market never waits for the truth; it trades "uncertainty" first. What is really being priced here is not gossip, but a trust discount. Jensen Huang is not just the CEO for Nvidia; he is the narrative itself—a personified symbol of faith in AI computing power. When this symbol shows cracks, even if only at the rumor level, the first reaction of capital is to shrink risk exposure rather than verify details. The transmission path is actually very clear: once NVDA-related sentiment loosens, the first to shake is the risk appetite in the AI sector, then it moves to BTC and ETH. Because in this round of the crypto market, the AI narrative and computing power concept are tied to the sentiment of U.S. tech stocks, not an independent trend. Those altcoins labeled with AI, computing power, and decentralized GPU tags have greater emotional elasticity but are also more easily mistakenly sold off. The bullish logic is: if it later proves to be just media exaggeration and the official stance remains unchanged, then this is just an emotional dip.In the early morning, I analyzed a set of long and short borrowing data, and the more I look, the more uneasy I feel!
BTC, ETH, and SOL long borrowing continues to accumulate,with leveraged long positions reaching new highs,while shorts are almost inactive.
When the vast majority of leveraged funds cluster on the long side, it often hides liquidation risks, and a rapid shakeout could happen at any time.
$BTC: Long borrowing 1864.85 BTC, short borrowing 50.9 BTC
$ETH: Long borrowing 17,600 ETH.#US Military Strikes Iran Again, Disagreements Persist Over Reopening of the Strait of Hormuz
On November 6, Trump personally confirmed that the US military launched a "small strike" on Iran's Qeshm Island, destroying an air defense system in "about 5 minutes." He also boasted that the US military "might be the occupier," and nothing would be transported to Iran. But note the wording—"small strike," "not a war"—the US side deliberately keeps a low profile, not wanting to signal a return to large-scale combat.
The disagreement over reopening the strait hinges on "who moves first."
Iran's "two-day plan" is: on the first day, the US complies; on the second day, the strait reopens. The conditions are clearly listed: lifting oil sanctions, ending the maritime blockade, and unfreezing funds. The US insists on seeing substantial Iranian concessions on the nuclear issue first. Qatar and Egypt are mediating, but Iranian officials frankly say "the distance to reaching an agreement is still far."
Oil prices have already moved ahead. Brent crude plunged 13.3% this week, falling from $113.43 to $98.32, marking the largest weekly drop since 2022. But this is pricing in the "expectation of war premium removal," not confirmation of "supply restoration"—Hormuz transit volume remains only 75% of pre-war levels, and diesel inventories are at their lowest since 2003.
Fighting while negotiating is the norm; expectations run ahead of reality, a common trait of oil markets and risk assets. In this tug-of-war, don't take any party's "signal" as final. $ETH $ZEC $SNDK Strong employment coexists with weak coins; the problem may be leverage
When the news is hot, it’s easier to attribute price fluctuations to headlines; in reality, position adjustments might be more critical. The broad U-6 unemployment rate rose to 7.9%, so employment is not without concerns.
Turning attention to $BTC: around $75,917 at 12:00 UTC on November 7, 24h -0.21%; 8h funding rate +0.0013%. Relatively stable.
In contrast, $SOL: about $89.93, 24h -0.47%; aggregate OI daily change -5.2%. Volatility is sensitive to risk appetite.
Also adding $AVAX: about $8.27, 24h -1.40%; perpetual OI across three exchanges about $136 million. The decline is significant.
I think comparing perpetual positions of mainstream and high-elasticity coins can indicate participation levels but does not automatically determine net long or net short.
I will watch if the daily chart can hold intraday lows; strong employment is just background, and without support, it doesn’t count as market recovery.
In this wave, are you more cautious about high leverage volatility, or waiting for recovery after position shrinkage?
#美国10月非农超预期，12月加息押注升温 #美股暴跌后科技股反弹，纳指周线仍跌约3.4% #BTC现货ETF年内累计净流出约4.16亿美元 Follow me to get three things: the real trading positions after each day's close, the hard stop-loss price for each position, and the original records of losing trades. 41 trading days, not a single one deleted. BTC fell from above 80,000 down to 75,805 during this period, and my net asset value drawdown was 6.8%, which I honestly record here.
Today, two signals are conflicting. The employment report pushed the rate hike probability up another notch, but BTC only dropped 0.2%, and ETH remained almost flat at 2,236. I tend to believe the chip structure has changed: the 75,000 area is the dense spot cost zone of the past two months; when the price falls here, someone buys, not no one. The real risk is not the rate hike itself, but the forced liquidation of leveraged longs after CPI crushed the December rate cut expectations. ETH always falls before BTC when liquidity tightens, and at 2,236, I have no intention to add positions.
My position is: 60% spot, zero contracts. Hard stop-loss at 71,800; if it falls there, I cut without any story. If CPI is moderate, I add back to 80%; if CPI is explosive, I reduce to 40%. I make no subjective judgments in between, nor do I average down by adding positions.
Before the CPI release, do you clear your positions waiting for the data, or hold spot and tough it out?
Follow me, I publicly share real trading positions and stop-loss logic daily, and honestly report losses.
#OKXProphet Coins are not company shares
$1.1628, XRP spot facing the 24-hour high of 1.1853, the community is still debating whether the company should support the coin price.
I do not guarantee returns.
Holding coins does not equal holding Ripple equity; I record company news separately.
$XRP
#美国10月非农超预期，12月加息押注升温 Total volume surpassing does not equal winning
I'll first look at the separate columns.
Provenance's surpass report sums two types of RWA, ETH spot price is 2235.36 USD, 24-hour low is 2225.31.
The original table also separates into two columns; I don't use total volume to judge the ecosystem's win or loss.
$ETH
#美国10月非农超预期，12月加息押注升温 #软银重金押注OpenAI, can the Q2 earnings report deliver impressive results?
Oh my, is this the rhythm of a crash? The Nasdaq dropped 6.4% in a single day, the fear index VIX surged 70%, mom, I want to go home!
First, look at US tech stocks, what a massacre. The Philadelphia Semiconductor Index plunged 12%, SanDisk plummeted 22%, Western Digital fell 17%, Nvidia dropped 9% wiping out all its gains for the year, CoreWeave fell another 10% hitting a new low since listing.
Retail investors sold at a record scale within 30 minutes of market open, hedge funds bought as much as retail sold, but there weren’t enough buyers to take over.
The trigger is still the Democrats. The market fears not only tighter data center approvals but also the Democrats pushing a ban on artificial superintelligence!
If this thing lands, the imagination space for the AI arms race will be politically capped. Concerns about chip capacity oversupply will follow, and the valuation logic propped up by supply-demand gaps in storage stocks will be directly shaken.
The shockwave quickly crossed the Pacific. On Friday, Asia-Pacific followed with a crash: South Korea’s composite index plunged 8.8% below 5000 points triggering a circuit breaker, Samsung and SK Hynix fell over 10%; the Nikkei fell below 60000 points, down more than 20% from its high, officially entering a technical bear market, Advantest plunged 15%, SoftBank dropped 14%.
We warned yesterday afternoon before the crash that Texas flipping blue would cause huge negative impacts on data centers, hope it helped you. But this drop indeed exceeded expectations.
$BTC $SNDK $ETH AKE surged to the top of the gainers list, with this wave of rally capped by the unlocking node on the 21st of this month. The heat has already split the market into two completely opposing scenarios. This article chooses to take a wait-and-see stance; only if large on-chain addresses continue to show no withdrawal records does the long hypothesis have room to persist. On-chain capital inflow records are the core support for bulls. Continuous capital inflow will turn the sideways phase into a chip sedimentation window, establishing positions around 0.005, with an upward target set at 0.006. The foundation for this logic is very thin; if the project’s addresses show mass transfers, the entire scenario collapses immediately. The bullish idea is fully anchored on the on-chain net inflow signal, assuming the current sideways movement is a deliberate accumulation action, and that no large-scale sell-off will occur before unlocking. Small coins have a strong habit of hype-driven speculation; when the heat is sufficient, scattered buy orders can push the price up for a short rally. But it cannot withstand concentrated profit-taking. As unlocking approaches, early holders’ willingness to exit will continue to rise. There is no need for the project team to dump; scattered profit-taking orders alone can break short-term support. Another scenario defines this rally as a hype-driven event from news, a common trick for speculative coins to pump before unlocking to attract off-market funds to take over. The external environment is also tightening; the Philadelphia Semiconductor Index experienced its largest single-day drop since March 2020. The market is awaiting the December rate hike pricing, and risk appetite contraction will prioritize withdrawing liquidity from such small-cap coins. Under pressure from the broader market, independent rallies will... "First a shakeout, then differentiation: The volatile dilemma of BTC and ETH"
BTC is repeatedly tugging between $75,000 and $78,000, while ETH hovers narrowly between $2,200 and $2,300. In October, they fell by 7.3% and 16.0% respectively, with market breadth clearly narrowing 😐. Price is just the surface; the real issue lies in capital structure: BTC and ETH spot ETFs are simultaneously seeing net outflows, with ETH bleeding about $1.6 billion in a single month, as institutional demand shifts toward tactical contraction 📉.
More subtly, the total open interest across the market has dropped to a 12-month low, with leverage largely cleared out; yet perpetual funding rates remain positive, indicating some longs are still paying to stay bullish. Chips are lighter, but the obsession hasn't faded 😮💨.
Looking ahead, the probability of a one-sided breakout is low; it's more likely to first test the bottom, then differentiate. 10x Research believes BTC still has a chance to reach $90,000 by year-end, but only if it first dips to $77,000–$79,000 to complete the final shakeout; ETH may continue to underperform BTC due to value flowing to Layer 2, leaving ETH holders with insufficient returns 🧐.
The key turning point depends on whether perpetual funding rates can turn negative: only when bulls completely give up resistance can the bottom be considered truly established. Until then, any rise should be viewed as an oversold rebound rather than a trend reversal ⚠️.
$BTC $ETH
#美国10月非农超预期，12月加息押注升温 $ZEC Bearish News: Bulls Were Washed Out After NU7 Launch, Current Price Retraces Gains Before Upgrade
Current price 1265.91 USDT, approximately -6.3% in 24 hours, trading volume about 51.3 million USDT, range 1250.67-1364.08
NU7 was activated on the mainnet on November 6, reducing block time target from 75 seconds to 25 seconds, with 60% of fees allocated to the network's sustainable reserve. ZEC had risen about 7.7% the day before the upgrade
The sell-off was decisive; CoinGlass shows about 4.73 million USD liquidated in the past 24 hours, with longs around 4.13 million USD and shorts only about 600,000 USD
The upgrade itself shortens confirmation time, but leveraged longs had fully priced in expectations early. The main theme now is the retracement of gains made before the upgrade.Market Strength Ranking
5-minute median slippage, estimated by market depth
$AKE large trade costs are rising simultaneously, while small trade costs remain basically unchanged. Simulated buy/sell slippage for 100,000 scale increased from 1.09%/0.67% to 1.27%/0.80%. Order size may be reduced or split until costs return to an acceptable range. 🚨 The calmer the $BTC rebound, the more cautious I am about going long! The $72,000 target remains unchanged for now!
After last night's news, the market reaction was even calmer than I expected.
BTC dipped to around $74,800 before bouncing back. This level is quite special, coinciding with an important retracement low from the previous rally in September.
Looking at $ETH, it dipped to $2,207 at the lowest, without even breaking the previous low of $2,170.
On the surface, the bulls seem to be showing decent support.
But I have another layer of concern.
1️⃣ After the sharp drop, bottom-fishing funds are starting to concentrate their entry.
From BTC dropping from $88,000 to around $75,000, and ETH from $2,880 to near $2,200, many investors already feel the prices are cheap enough.
Whether it's spot buying or bottom-fishing in the futures market, some support may form around this area.
But the problem is: concentrated short-term buying does not mean the market has completed its bottom formation.
2️⃣ Why do I still look at $72,000?
My judgment is that the market may still lack sustained upward momentum in the next one or two months.
If a large amount of funds concentrate on bottom-fishing around $75,000–$76,000, then once that support breaks, some leveraged positions may be forced to exit, and the market could see another round of concentrated selling.
Of course, this is just my view on the market structureBitcoin ETFs just logged $412M in outflows — second day running. 🟠
BTC is at $75,654, holding $75,000. Support: $75,000. Resistance: $76,371, then $79,000.
ETF flows are the tape that matters now: two days of selling, and $75K still hasn't broken.
My take: outflows without a breakdown is digestion, not distribution. CPI decides.
Are ETF flows the new fear gauge? 👇
#Bitcoin #BTC #ETF #Crypto #OKXOrbit"Silence After the Flash Crash: A Breather or the Night Before the Storm?"
$1.1 billion long positions liquidated overnight, BTC quickly retreated after testing $81,000. The market has temporarily stabilized, but it feels more like a short pause after high pressure rather than a risk resolution.
BTC is currently at $75,965, having fallen below the market average cost near $77,700. The $75,000–$75,400 range has concentrated many long liquidations; if this zone breaks, $73,000 will be the next key level to watch.
ETH is at $2,235, with a maximum 24-hour drop of nearly 7.5%, amplified by leverage. The $2,200–$2,170 range serves as a short-term defense line; breaking below it will likely maintain a weak trend.
SOL is at $89.96, showing clear high Beta characteristics, with the deepest drop close to 8%. When risk appetite cools, funds exit faster; although the rebound elasticity is strong, defense remains the priority currently.
Summary: The sell-off in AI stocks, regulatory concerns, and cascading liquidations of highly leveraged longs have created a resonance effect. The market structure is already damaged, and confidence recovery will not happen overnight. $ETH .Beichen has seen this kind of scene many times. When ETFs first came out, everyone said, "This is institutional long-term capital entering the market," but after two years, it turned out that the fastest to run were precisely the institutions. They are more afraid of losses than retail investors because they have to report quarterly to their investors. So whenever the market stirs, ETF redemptions are always faster than on-chain movements. On-chain whales can play dead, but ETF managers cannot. Back to the market. Now near 76,000, 840 million ran off in two days, but the price only dropped 1%. This detail is very important—money is running, but the price hasn't collapsed, which means other money is stepping in. Who is stepping in? Either it's spot buying from Asia, or positions above 80,000 that haven't fled are adding to their holdings. Regardless, as long as 75,200 doesn't break, this wave hasn't reached its worst yet. In the early morning, I analyzed a set of long and short borrowing data, and the more I look, the more uneasy I feel!
BTC, ETH, and SOL long borrowing continues to accumulate, with leveraged long positions reaching new highs, while shorts are almost inactive.
When the vast majority of leveraged funds cluster on the long side, it often hides liquidation risks, and a rapid shakeout could happen at any time.
$BTC: Long borrowing 1864.85 BTC, short borrowing 50.9 BTC
$ETH: Long borrowing 17,600 ETH, short borrowing 663.81 ETH
$SOL: Long borrowing 132,200 SOL, short borrowing 2956.7 SOL
This is only a data review record and does not constitute any investment advice.
#美国10月非农超预期，12月加息押注升温 🔥 Attention! Bitcoin may first experience a sharp short-term rebound, followed by a new round of steep decline
According to the chart, my judgment is:
Break below 76500 → Start ABC rebound → Then enter a new 5-wave downward movement.
BTC did break below 76500 and started a rebound, but the rebound was weaker than expected, then it hit a new low again.
Correction of BTC 1-hour chart movement [Chart 2]
The strong rise on November 4 may have completed the ABC rebound, followed by a 5-wave decline.
This 5-wave decline could be the first wave in a large 4-hour downtrend structure.
Next key focus:
Completion of 5-wave decline → ABC rebound → New round of decline
Key resistance above:
🎯 78000–79000
If the rebound is blocked here again, be highly alert for the start of the next decline.
Short-term view: rebound; mid-term: beware of crash
Chart 1 shows the original plan, Chart 2 shows the actual movement;Also on Friday's close, the Nasdaq rose about 1.1%, while the Dow fell about 0.5%. Seeing this, I still have some reservations about the statement "the market has returned to normal." The tech stock rebound is certainly important, especially after a concentrated sell-off, finally with buyers willing to come back. But the tech sector's recovery and the overall market regaining risk appetite are still some distance apart. The Nasdaq is still down about 3.4% this week and has fallen for four consecutive weeks; the pressure on holders won't automatically disappear after one day of gains. At this time, the index is most likely to create a sense of dislocation: the market on the screen has turned green, but the stocks in your hands haven't moved much. Weighted stocks have a big impact on the index, and the experience of ordinary holdings may not keep up. I will place more importance on the coverage of the subsequent rebound. If the rise can gradually extend to more industries, the foundation for market recovery will be more solid; if it always relies on a few large companies, the ability to withstand new negative factors will still be tested. After a sharp drop, it's normal to want to quickly make back losses. But chasing the next trade to make up for the previous loss often leads people to accept risks they originally did not want to bear. I would rather see more stocks stabilize before adjusting my judgment. At least Friday eased the mood a bit; next, we have to see how long buyers are willing to stay. #美股暴跌后科技股反弹，纳指周线仍跌约3.4% After the nonfarm payrolls came out, the market started rushing to bet on a December rate hike again. I think the easiest way to lose now is to fill in the answer for the next data release in advance.
October added 165,000 jobs, which is indeed significantly higher than expected. But employment resilience indicates the Federal Reserve is not in a hurry to address economic downside risks for the time being; whether inflation will continue to heat up depends on the price report. The two are related but cannot be equated directly.
The next clear time point is the release of the October CPI at 21:30 Beijing time on November 10. After strong employment, if inflation also remains hot, bets on rate hikes will gain further support; if prices ease significantly, the market will have to reassess the necessity of tightening.
The most frustrating thing these days is that every piece of news makes you want to change direction. Just worried about tech stock adjustments, then you have to worry about interest rates. With so much news, it’s easy to turn trading into constantly fixing the last judgment.
I prefer to treat the nonfarm payrolls as new evidence to adjust the weight of the original judgment, rather than immediately going all in on one outcome. Especially since BTC was still trading over the weekend while the U.S. Treasury market was closed, short-term volatility may not fully reflect the macro capital attitude. What’s really worth watching is whether various assets can give a consistent response after the market reopens next week.
#美国10月非农超预期，12月加息押注升温 143%; ETH short opened at 2437, position just over 200,000, with a floating profit of 17,400. Together, the two trades are close to 300,000 in profit, and he didn’t even move a finger. 😮💨 Where’s the strength in this trade? The entry point is ruthless, 80652 basically shorted at the high point of this wave’s rise and fall, with over 4600 points below as a safety cushion, no matter how much the market shakes, it won’t hit his cost. Even more ruthless is the mindset: on the night of the non-farm payroll release when the market turned, he didn’t close the position, clearly not trying to catch a rebound short-term, but treating the short as a trend trade to hold. The news also doesn’t support the bulls: non-farm payrolls at 165,000, more than double expectations, bets on a December rate hike heating up again, and US semiconductor stocks hitting their largest single-day drop since March 2020. As for the market, BTC is grinding around 76,000, ETH can’t break past 2250, SOL is holding at 90 catching its breath, ZEC is doing its own thing. In this environment, his short really has confidence. But I won’t follow: he shorted at 80652, I’m short in the middle of the grind, with 76300 above and 75250 below, whichever way it goes, I’m just giving money away. I’m also holding half a long position in the opposite direction, not planning to cut it, just letting it grind until the trigger point hits. If I’m really watching for a signal, I’m watching when he closes this short—if the 4.56 million short starts to cover, that’s the sound of a bottom more than any indicator. 👀The moment the market calmed down, I actually became more alert. Have you noticed that after the bad news landed, the price didn't continue to drop? Last night, the non-farm payrolls exceeded expectations, and the probability of a rate hike in December surged directly above 70%. Normally, crypto should have taken a hit. But BTC only briefly dipped and quickly held near 75K, and ETH also stayed steady above 2220, as if it was being supported by something. What caught my attention even more was that a huge whale, after five months, added 8,775 ETH at this level, bringing the total holdings to 23,000 ETH. This is not a move chasing the rally, but more like slowly picking up during the volatility. My observation is: the market is currently trading not on "whether the rate hike will come," but on "how much of this event is still unpriced." On the leverage side, the previous sharp drop in AI stocks triggered over $1 billion in long liquidations, and crowded positions have already been washed out once, so there is less fuel to keep pushing down; on-chain funds also show no signs of panic withdrawal, but rather tentative absorption. These two points make the short-term downside look supported. The bullish path is clear: bad news is being dulled, 75K and 2220 become short-term defense lines, sentiment shifts from panic to consolidation digestion, the pace of altcoin sell-offs will also slow down, and risk appetite may shift from contraction to localized probing. But the risk hasn't disappeared; if 75K or 2200 are effectively broken down, it means the support is only temporary, and we shouldn't rush before a second confirmation. I personally prefer to see this period as an observation window after volatility contraction, rather than the start of a trend reversal. Keep positions light, slow down the pace, and wait for the market to give its own direction 🚨 Three Coins, Three Red Flags: Don't Judge Risk by the K-Line Alone!
$ONE: Serious concerns remain over its past security issues, token supply expansion, mainnet migration and declining market confidence.
$AKE: Only 22.8% of its 100B total supply is circulating. Low liquidity and future unlocks could create significant selling pressure.
$PIEVERSE: Hype-driven momentum, thin market
Sometimes, avoiding a risky trade is the best trade.
#Crypto #Altcoins #RiskManagement #dailyorbit"The real signal is when bad news can't move the market"
Nonfarm payrolls expected at 65,000, actual 165,000; rate cut dreams shattered, December rate hike probability soaring to 80%. According to the old script, this kind of "nuclear-level" bad news should have crashed the US stock market and sent $BTC and $ETH to the depths underground. So what happened? The US stock market didn't crash badly, and Bitcoin and Ethereum even sideways deadlocked.
This wave is called "no volatility is the biggest volatility." The market has been PUA'd by the Fed for so long that hearing "rate hike" is like hearing a scumbag say "I love you"—no emotional ripple inside. The US stock market just went through a brutal crash, now it's numb and lying flat; the crypto market is the same, bulls and bears are both waiting for the other side to make the first move, whoever charges first looks like a fool.
So don't mistake "no drop" for "all bad news priced in," nor "sideways" for "accumulating strength for a rise." The real key is: after the bad news lands, is the support still there, will rate hike expectations continue to rise, and will ETF funds re-align? Right now it looks more like a stalemate after emotional dulling, where the battle is not about direction but patience and position sizing.
#美国10月非农超预期，12月加息押注升温 #美股暴跌后科技股反弹，纳指周线仍跌约3.4% #BTC现货ETF年内累计净流出约4.16亿美元 $BTC $ETH $SNDK BTC is consolidating around $75,700, ETH is barely holding above $2,200, while SOL has once again fallen below $90. On the surface, the market seems to have stabilized after the previous sharp drop. However, the latest funding data reveals a different story. After the ETF data for the U.S. trading day on November 6 was finalized, BTC spot ETFs saw a net outflow of $412 million, and ETH had a net outflow of $93.3 million. Combined, the outflow exceeds $500 million. In the initial reports, these figures were only $8.9 million and $3.6 million respectively. Meanwhile, the global stablecoin supply has dropped to $290.1 billion, with Solana chain stablecoins shrinking by 4.3% over the past 7 days. U.S. regulators announced restrictions on MEXC's access to the U.S. financial system, and Gnosis Pay disclosed a data breach involving customer information. Prices have temporarily stopped falling, but institutional funds, on-chain liquidity, and platform security have yet to provide reassuring signals. What truly deserves discussion today is not whether BTC will suddenly rebound over the weekend, but whether consolidation means selling pressure has eased or if it is just a brief pause before the next wave of volatility when the market loses sustained funding support. 📉 Market: BTC consolidates, SOL falls below $90, extreme fear remains unresolved As of November 8, 03:20 HKT, CoinGecko snapshot: BTC at $75,729.78, up 0.10% in 24 hours. ETH at $2,232.09,The roadshow may start next week, so why hasn't the hype spread across AI coins?
As the possible roadshow date approaches, the market isn't showing a uniform rise. Media reports initially expected the potential roadshow to start the week of November 9, but the timing is still uncertain.
I'm watching $TAO first: around $225.08 at 12:00 UTC on November 7, 24h +0.42%; Binance contracts at 09:00 show open interest around $53.5 million. A slight increase does not mean the entire AI sector is warming up.
On the contrary, $WLD is about $0.3386, down 2.82% in 24h. Its relation to the equity IPO is indirect, so don't mechanically link them.
Placed on the same chart, the more specific the expectations, the more the market will differentiate beneficiaries; if on-chain projects lack direct business connections, they may not rise together.
Equity investors care about company cash flow, token holders care about network demand; the rights of the two should not be mixed.
Will you bet early on the AI theme, or wait for price and open interest to give the answer together?
#Anthropic仍计划11月IPO，投资者下调估值预期 #美国10月非农超预期，12月加息押注升温 #美股暴跌后科技股反弹，纳指周线仍跌约3.4% #软银重金押注OpenAI，Q2财报能否交出亮眼成绩？ SoftBank's latest Q2 earnings report looks impressive at first glance, with a net profit of ¥347.3 billion far exceeding market expectations. However, beneath the surface data, the underlying strength is not as robust as imagined.
The impressive profit is not driven by the highly anticipated AI mainline, but by a one-time revaluation gain of about ¥1.3 trillion from Intel's shareholding. The Vision Fund's pre-tax profit was only ¥5.427 billion, a year-on-year plunge of 98.8%, clearly indicating that the AI investment track did not make money this quarter.
The market's most watched OpenAI has seen SoftBank cumulatively invest $44.6 billion, with a current fair value of $89.6 billion, nearly doubling the book profit. But crucially, OpenAI was not revalued this quarter, so its contribution to current profits was zero. The core engine that drove last quarter's performance has stalled this quarter.
What the market truly worries about is not whether OpenAI is worth it, but whether SoftBank can wait. With a $64.6 billion funding commitment, a $40 billion bridge loan, and even Arm shares already pledged, SoftBank is betting certain assets on an AI story that is still uncertain.
In summary: The AI story has not collapsed, but the quality of the earnings report has clearly thinned. The relief brought by Intel is only temporary and not a profit engine that can be relied on long-term.#BTC Spot ETF Net Outflow of Approximately $416 Million Year-to-Date
Brothers, Farside Investors data is out: As of November 5, the cumulative net outflow of the US spot Bitcoin ETF this year is about $416 million, with fund flows turning officially negative since 2026. On November 5 alone, the net outflow was about $430 million, marking two consecutive trading days of large withdrawals; the Ethereum ETF saw a net outflow of $93.3 million during the same period, also for two consecutive days.
But looking deeper, it’s not that money is leaving, it’s hedging.
On net inflow days, the total inflow was about $25.63 billion; on net outflow days, the total outflow was about $26.05 billion — inflows and outflows almost completely offset each other. This year, funds have been switching back and forth between BTC and ETH, and this time the outflow is synchronized, spreading selling pressure from a single asset to the entire spot ETF channel. Institutional demand for ETH allocation hasn’t stabilized yet; when a leading product moves, the capital turning point is amplified.
BTC current price is around 75,900, with support at 75,000 and resistance at 78,000. If you have a position, set a stop loss below 75,000; if you’re not holding, don’t catch the falling knife when ETF outflows accelerate—wait for a pullback to 75,000-75,500 with reduced volume and stabilization before considering. ETF funds are not the “smart money” propping up prices; they are pro-cyclical price followers. The real stabilization signal is not in the weekly report turning positive, but whether the price can hold above 75,000. $ETH $ETH $SNDK The stronger the employment, the tougher it gets for the crypto space?
US nonfarm payrolls added 165,000 in October, far exceeding expectations, with the unemployment rate dropping to 4.1%. The probability of a rate hike in December has risen to nearly 78%. The market is feeling a bit uneasy now, the dollar is strengthening, and liquidity pressure on risk assets is back.
Looking at the crypto space, the big brother is around $75,874, DOGE about $0.0718, ZEC about $1,293. BTC is temporarily sideways, DOGE has dropped over 4% in the past week, while ZEC has actually risen about 2.5%. Funds clearly prefer sectors with independent momentum.
I think there's no rush to bottom-fish now, especially don't mistake ZEC's strength as the start of the entire altcoin season. First, let's see if the big brother can hold steady; fund inflow is the key.
Don't chase the hype, don't give away your head!
Personal market record sharing, not investment advice.
$BTC $ZEC $DOGE
#美国10月非农超预期，12月加息押注升温 U.S. Treasury yields are pricing in rate hike expectations ahead of time, and the crypto market is tightly squeezed by two layers of liquidation chips. BTC has 81.9 million short orders stacked at 77200.4; a modest 1.82% rally would trigger a round of concentrated short covering. The U.S. stock indices are also fluctuating within a narrow range, but their pricing focus is on the employment data itself. The crypto market additionally layers on passive liquidation orders, so the drivers of volatility between the two are not equivalent. ETH and SOL also have clear liquidation thresholds with significant chip volumes: ETH holds 58.59 million at 2297.94, corresponding to a 2.99% range; SOL gathers nearly 4 million at 90.86, with a 1.49% range. These orders only indicate that passive buying will emerge after a rally but cannot support sustained upward movement. Without new incremental funds actively entering, the impulse moves caused by liquidations are unlikely to last. On the downside, the long positions lurking are also sufficient to create impact: BTC retains 70.09 million at 75061.2, which would be reached with a 1% drop; ETH at 2188.72 corresponds to a 1.91% decline; SOL at 88.42 has a 1.24% drop threshold. The upper and lower boundaries are very close, and funds on both sides are reluctant to break out first, so the market can only consolidate sideways, waiting for the data release. Synchronous oscillation does not equal cross-market capital rotation. U.S. Treasuries, U.S. stocks, and crypto assets are all converging in volatility simultaneously, only Non-farm payrolls exceeded expectations, BTC took a hit first, don't rush to catch the dip❗️
US October non-farm payrolls at 165,000, doubling expectations, unemployment rate dropped to 4.1%, December rate hike bets surged to nearly 80%. US Treasury yields soared, the dollar strengthened, liquidity expectations tightened instantly, BTC dropped nearly 5% breaking below 76,000, 230,000 liquidations (｡•́︿•̀｡)
This wave isn't a fundamental collapse of BTC, but "high interest rates + strong dollar" pressuring valuations. There's support around 75,000, but for a real stabilization, we need CPI to push down rate hike expectations. ETH is worse, down over 6% to 2230, with amplified downside elasticity (´･_･`).
On the rhythm: don't chase the dip. Wait for expectations to clear before the December meeting, then look for mid-term buying opportunities around BTC 72,000–75,000 and ETH 2100. Jumping in now risks catching a falling knife. $BTC $ETH $SNDK
#NonFarmExceedsExpectations #RateHikeBetsHeatUp #DontChaseDipWaitForClearanceNon-farm payrolls increased by 165,000, which is two and a half times the expectation, and the probability of a rate hike in December surged directly to about 77%.
The unemployment rate dropped from 4.2% to 4.1%, hourly wages also rose by 0.4%, and the data for August and September was revised upward by a total of 84,000. This employment report is undeniably strong.
But BTC showed no panic and no movement at all.
On Friday, it even fell below 75,000, hitting a low of 74,762, and now it has bounced back to 75,800, basically flat over 24 hours.
The US stock market rebounded on Friday, but crypto did not follow, showing a decoupling between the two.
With rate hike expectations rising and liquidity tightening, the crypto market is unlikely to see a big move in the short term.
Wait and watch, don’t chase, and wait for the CPI on November 10 to decide.
Only a rise above 76,250 counts as stabilization; a drop below 75,600 means continued weakness.
What do you think? When the CPI comes out, will BTC break 76,250 first or 75,600 first?
$BTC
#NonFarm #FedRateHikeRare long-short bet before the non-farm payrolls: both sides are building positions, both waiting for one number
Usually, funds habitually reduce risk and shrink positions before the non-farm payrolls, but tonight it's the opposite—both longs and shorts are aggressively building positions. After consecutive declines in the US stock market, the "red-eyed" frustration has spilled over into the crypto market. On Wednesday, ADP added 86,000 jobs, higher than expected and consistent with the previous figure, indicating that the employment base remains stable. However, ADP has never been a reliable leading indicator for the non-farm payrolls; the real pricing still depends on the number at 9:30 tonight.
The current market structure is quite conflicted: BTC funding rates are still at a positive premium, the long-short position ratio leans toward longs, but shorts still account for more than half. Some long positions have been liquidated, but leverage hasn't truly been cleared. This means that a "net short" position on paper does not equal "ample fuel"; both chasing shorts and chasing longs are not cost-effective at this point.
According to user scenario simulations:
· 50,000–100,000: Within the expected range, the market will most likely undergo a correction, shorts will cover leading to a rebound, but funding rates won't turn negative; the rebound is just a correction, not a reversal.
· Below 50,000 or even negative growth: The rate hike narrative loosens, risk assets get a short breather, but recession trades may take over, making the rebound height questionable.
· Above 100,000: Directly strengthens the December rate hike bets; BTC's downside target is 74,800, ETH at 2,180, with a high probability of another downward smash.
Long or short? It's not advisable to heavily bet on direction before the non-farm payrolls land. The real signal is not the data itself, but whether funding rates turn negative after the data release—that would mean the bulls truly admit defeat and the bottom structure is established. Until then, watch more and act less, wait for the market to settle itself.I came across a bunch of people saying RWA is a trillion-dollar market, so I casually checked the real numbers on Solana: $4.8 billion.
Among them, tokenized funds are $3.7 billion, tokenized stocks $1.1 billion, and tokenized commodities $31.9 million.
Do you see the problem? The so-called real-world assets on-chain are basically institutions putting money market funds on-chain for bookkeeping, plus a bit of stock shares. The tangible commodities are just over thirty million, not even a fraction.
So every time someone talks about the $SOL ecosystem reconstructing global assets, I want to ask: what about oil? What about copper in warehouses? If it’s not on-chain, it’s just not on-chain. After the non-farm payroll surge, next week it's inflation's turn. The October CPI will be released at 9:30 PM Beijing time on Tuesday. This time it's special: last October the government shutdown caused missing data, and this year only the month-over-month figure is published, no year-over-year.
FactSet's consensus expectation is an overall month-over-month increase of 0.24%, compared to 0.60% in September; core CPI is expected at 0.2%, down from 0.3% previously. The downward trend mainly relies on gasoline, with the average price of regular gasoline in October about $4.31 per gallon, roughly 1% lower than in September.
RBC disagrees, forecasting both overall and core CPI at 0.3%. Their reasoning is that core goods have risen for three consecutive months, with imports like clothing, shoes, toys, and IT equipment increasing, and tariffs still pushing up auto parts and used cars. For Friday's PPI, they expect a 0.5% increase; ocean freight PPI rose a record 37% year-over-year, with freight rates staying high for long distances, while spot freight rates have temporarily fallen and haven't yet passed through.
CME's probability for a December rate hike is now around 78%, lifted on the day of the non-farm payroll release. Next week, Goolsbee, Barkin, and Bowman will speak, with Waller, Logan, Williams, and Jefferson also lined up.
If the core CPI comes out at 0.2%, the rate hike probability will drop somewhat, but it's unlikely to fall below half, given the 0.4% month-over-month increase in non-farm hourly wages. The problem is RBC's 0.3% forecast combined with a 0.5% PPI, indicating that freight and tariffs are being passed on to retail prices, making a December rate hike almost certain. Oil prices fell 13% this week, which helps November's numbers but not this one. $BTC $ETH $SOL U.S. stock markets are closed late Saturday night, and Bitcoin around 75,900 shows no momentum. With no one leading the direction, short-term funds are flowing into small caps; the old coin ONE surged 59% in one day, while Solana-related MET and PUMP moved in opposite directions.
$ONE near 0.0017, zombie chain revives 🚀
Up nearly 59% in 24 hours, trading volume is 25 times the 30-day average, with a market cap of only $27 million. No announcements; in August, 4 billion tokens were suddenly issued out of thin air, and in September the team proposed shutting down the mainnet to migrate to Ethereum.
$MET near 0.306, rising without news
Up 8.9% in 24 hours; Messari quoted 0.269 on October 29. About 7 million tokens were repurchased in Q1, accounting for 3.97% of total supply, with the team and reserves holding another 520 million tokens unlocking over 72 months.
$PUMP near 0.00376, buybacks can't stop selling pressure 📉
Down 5.9% in 24 hours. The official 7-day buyback and burn totaled $5.02 million; Valour launched a PUMP ETP in Sweden on Thursday. However, on November 6, Yujin tracked the platform transferring about $6.85 million in SOL fees to Kraken, drawing criticism again.
MET is the most solid; 0.27 was the starting point at the end of October, holding that level counts. ONE is purely sentiment-driven; it can't break through 0.0018, so any volume-driven rise is met with volume selling. PUMP is the most frustrated; buybacks are offset by fee outflows. On Tuesday, CPI further raised rate hike expectations, and it took the first hit. #美国10月非农超预期，12月加息押注升温