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After the tech stocks plunged, they rebounded again. Did you catch this roller coaster?
On November 5, the semiconductor index plummeted more than 12% in a single day, which was actually a long-suppressed emotional release of capital.
At the close of the U.S. stock market on November 6, $AMD strongly rebounded over 11%, $NVDA rose 3.58%, driving $QQQ to a final rebound. But the Nasdaq weekly chart still fell about 3.4%, which definitely cannot be called a trend reversal.
This big shakeout is essentially institutions conducting precise eliminations.
In the past, buying chips in the market was a rising tide lifting all boats; as long as there was an AI concept, stocks would rise.
Now capital is extremely selective; hardware companies that have invested huge sums but cannot produce profit statements are being harshly dumped, and only the leaders with strong monopoly power and solid cash flow rebound the most fiercely.
Tech stocks have officially moved from speculation on the future into a period of accounting.
Short-term technical recovery is expected, but as long as the giants’ earnings reports have any flaws, intense volatility will repeat.
Recommendations:
▶️ Don’t blindly chase highs with full positions; it’s still a high volatility zone.
▶️ Cut the weak and keep the strong; lock in leaders with real cash realization ability.
▶️ Keep enough cash reserves ready to respond to possible secondary dips.
DYOR
#美股暴跌后科技股反弹，纳指周线仍跌约3.4% Conclusion first: $ONE up 61.2% in the past 24 hours (0.00109 → 0.00176), intraday high 0.001968 (+80%). This is not capital inflow, but chips so thin they can be pushed around.
Three numbers: ① OKX perpetual 24-hour volume 63.4 million, spot ONE-USDT only 4.64 million (13.7 times); ② perpetual open interest only 2.02 million, turnover is 31 times open interest; ③ perpetual buy orders top 20 total only $5,100, sell orders $2,500.
Funding rate is honest: in the last 8 periods, longs paid in 6 (+0.005% near the floor price), only during the two rapid rise periods shorts paid -0.032%.
Look at the ledger: on August 12, hackers minted 4 billion ONE (CoinDesk), on September 7 Harmony announced shutting down its own chain, ONE changed to AI video token; on October 26 proposed to issue another 5 billion (CoinMarketCap) — current total supply 14.87 billion, issuance is 33.6%. Market cap only $26.19 million, 24-hour global volume 80.2 million.
Entire market 127 up 111 down, BTC down 0.19%, it up 61%.
With this depth, are you chasing it? $BTC Last night, that 4-hour candlestick dropped down and then recovered, which was a bit unexpected. The market broke below the lower boundary of the consolidation range, dipping below 75,000. It then closed back inside the range, with trading volume more than doubling the usual. On the 4-hour timeframe, this formed a classic Spring pattern.
In the past few hours, the price has been slowly climbing up along the rebound. Looking at the 1-hour chart, the volume of this rebound has been steadily decreasing. The latest closing candlestick saw volume shrink to about 20% of the usual. The upward push of the candlesticks is getting smaller, and the bodies are shortening. After the Spring, there was no volume breakout from the range; bullish buying power is weakening.
The current price has hit the 76,000 daily moving average resistance. On the 4-hour chart, several EMA lines are turning downward. All moving averages are pressing above the candlesticks, and the daily structure is also downward. There is high-cycle resistance overhead, and volume has shrunk significantly, making it hard to break through.
I am bearish. Since it has hit a major resistance level, the market will most likely turn down for a correction next.
$ETH $SOL #特斯拉与SpaceX两日市值蒸发约4560亿美元 get trapped by a bottom-fishing squeeze $SNDK and similar storage stocks, short sellers are also waiting for a rebound. They only dare to add when the price falls, but panic when it rises. The key point here: what shorts fear is not the drop, but the rebound. When the price moves upward, the floating losses on short positions increase. Those using leverage will be liquidated by the system first. The next step down is: stop loss is not admitting defeat, but preserving capital. Cutting losses befoThe smart money that bottomed 7,543 $ETH at the low of $2048.69 in March strikes again. Will this be the bottom this time? 🫣
Address 0x32c…D13f6 spent $19.62 million on-chain three hours ago to buy 8,773.52 ETH at a cost of $2236.75
Wallet address 0x32c6497730E853D6d93459F4c7C5304Ee18D13f6$BTC just above 75,000, ETH dropped to 2226, and SOL is holding the 90 mark. The voices of bottom-fishing in the background are intensifying again, but I still say: no rush. Look at a more honest indicator than price, the funding rate. A true oversold rebound rally is often accompanied by the funding rate being pushed to deep negative values, with shorts extremely crowded and a short squeeze providing the fuel. But the current funding rate is still mildly positive, showing neither panic nor capiAfter multiple sharp declines, the US stock market has always recovered and reached new highs. However, the 2000 internet bubble left a harsh example: the downturn cycle can last for three years, and the vast majority of high-risk assets will experience deep corrections. BTC swings in sync with the stock index with a slight change of -0.20%, and the market easily mistakes this synchronization for capital switching back and forth between the stock market and the crypto sector. Synchronization is merely a resonance of risk appetite and cannot be equated with capital rotation. When risk appetite contracts, liquidity will simultaneously withdraw from all highly elastic assets. As the global risk asset pricing anchor, the valuation decline of US stocks will continue to suppress BTC's valuation ceiling. Capital will not simply flow out of US stocks and directly flood into the crypto market; only when overall liquidity turns loose will sustained cross-sector migration take shape. The foundation binding these two asset classes is the same pricing logic for forward earnings and US dollar financing costs. This linkage has clear failure conditions. Once the market's main trading focus shifts to US Treasury yields, the price rhythms of stock indices and BTC will decouple. As long as US Treasuries do not signal easing, the correlation where weakening US stocks pressure BTC will persist. Entering near 75,000 offers little margin for error to withstand a long-term downturn. The odds for long-term positioning become attractive only when the market falls below 60,000, as lower prices can absorb a series of negative news. The premise for this observation logic to hold is that there is no sudden... The previous article tracked $CAP which did not surpass the 7-day high of 0.11281, falling back 4.46% to 0.10065; speculative funds flipped to ignite $ONE with a market cap of 58M, surging 72.49% in one day to 0.0018284, contrasting with $XPL which dropped 29.4% over 7 days to 0.0574, showing a polarizing trend.
US October nonfarm payrolls increased by 165,000, exceeding expectations; stablecoins shrank by 4.61% monthly; ONE's total market turnover was only 4.9%, with fees up 0.0050% indicating contract stock pull; XPL's on-chain DEX trading volume shrank 58.7% over 7 days, TVL dropped 6.6% weekly, and daily RSI fell to 29.9.
We stopped loss on CAP long at -48.5%; after ONE long was liquidated at -66.0%, it reopened and is now at -49.7%, stop loss at 0.0017366, 4.2% away from current price; XPL short is +46.4%, stop loss at 0.06063, 5.4% away from current price.
ONE surpassing the 7-day high of 0.0019678 aims for the 30-day high of 0.0021197, breaking below the daily EMA50 (0.00148643) turning weak; XPL closed above 4H EMA20 (0.0610991) to halt decline, probing bottom after breaking 7-day low of 0.05634. ONE is strongly pulled up by 39.7x volume, can this ignition hold?
#ONE #XPL #CAP
Personal observation, not investment advice, please assess risks yourself. To pour some cold water first, I am bearish and do not endorse this short position. According to Odaily monitoring, a certain address holds a $SOL short position worth about $9.03 million, with an unrealized loss of about $80,000, and the liquidation price is about $105, which is about 16% away. I see this news more like a snapshot of the risk of a single address's position, not enough to be evidence of a bearish market.
I have two reasons for not buying this. First, only the short position is visible, but the complete assets and other positions of this address are not seen, so it is impossible to judge whether it is a one-sided bet on a decline or a hedge; directly taking the position direction as a big holder's judgment misses a logical step. Second, $9.03 million sounds eye-catching, but without concurrent trading volume and order book depth, it is impossible to judge the impact. The amount can catch attention but does not determine the market trend; ordinary users are most likely to mistake attention for a signal here.
Those who take it as a bearish clue might also be right. If SOL continues to weaken later, along with evidence of increased trading volume and sustained selling pressure, I will upgrade this short position from isolated information to supporting evidence; this is my observation condition, not something that has already happened. Regarding this news, who is bullish and who is bearish? Share your reasons, especially why you convert one address's position into a judgment about the entire market? Being the top gainer doesn't mean it's about to take off
$AKE surged to the top of the gainers list, and some took it as a reversal signal.
The price just bounced off the support level.
What is this position:
The support level is the cost concentration area of previous buyers.
When it falls here, selling pressure temporarily decreases, so the price bounces up.
A rebound doesn't mean buyers are entering:
Without new funds taking over, after the bounce it will go down again.
Looking back, no one took over from the support to the previous high.
The person calling for a short set the target at 0.003.
How this number was derived wasn't calculated in the post.
They only mentioned light positions, no mention of leverage.
Between a support bounce and a trend reversal, there is a batch of real buyers missing.
#比特币承压，ETF近7日净流出约11亿美元 $AKE November 2–6, 2026
This week, strong U.S. employment data and rising expectations of interest rate hikes, combined with AI regulatory shocks, led to a simultaneous decline in tech stocks and cryptocurrencies.
Several notable phenomena in the crypto market this week:
Concentrated leverage liquidations: Around November 5–6, over $1 billion in cryptocurrency leverage was liquidated within 24 hours, indicating strong short-term selling pressure in the market.
ETF fund outflows: From November 2 to 5, U.S. spot Bitcoin ETFs saw a cumulative net outflow of about $870 million, reflecting a decline in institutional risk appetite.
Synchronized decline with tech stocks: BTC did not show obvious safe-haven characteristics, and higher-risk assets like ETH and SOL were also affected.
Outlook for the next 1–2 weeks
U.S. stocks: Priority is to observe whether Nasdaq, NVDA, and SOXL can continue the Friday rebound.
$BTC: Focus on whether the $75,000 level can hold and if it can break above $80,000 again.
$ETH: Watch the $2,200 support and resistance near $2,400 for a rebound.
$SOL: Key observation around $90, with higher risk than BTC.
Overall, the stance remains cautious, but there are opportunities for oversold rebounds. Next week's CPI will be a key catalyst to judge whether this downturn can end, and BTC stabilizing above $80,000 again could be an important signal of risk appetite recovery.
#比特币承压，ETF近7日净流出约11亿美元 SNDK experienced an extreme intraday expansion, with account equity compressed from a low of 1.2 million to 60,000. The range amplitude directly broke through the recent normal boundaries, and volatility officially entered an expansion cycle. The market lacks a stable trend mainline, only intense displacement caused by continuous long and short sweeps. This observation only marks the volatility level and does not judge the subsequent price direction. Placing this round of volatility in a longer-term context, the Philadelphia Semiconductor Index simultaneously suffered a sharp decline, recording its largest single-day drop since March 2020, raising cross-market risk and elevating the volatility floor across all categories. The liquidity shortfall of the underlying asset further amplifies the price impact of each transaction. The external index's abnormal movement confirms that this round of volatility expansion is not an isolated case. The priority of volatility signals is higher than the direction of K-lines; they often disrupt the original chip structure in advance, after which the price selects the short-term mainline. In a high volatility environment, price swings of the same proportion cause exponentially greater damage to high-leverage positions, and account net value can undergo drastic revaluation in a very short window. Volatility expansion only represents an increase in the intensity of the game and cannot lock in whether bulls or bears maintain a sustained advantage. There are two clear signals used to capture volatility turning points. A continuous narrowing of the intraday high-low price spread and a continuous decline in single K-line amplitude indicate weakening game momentum and prepare volatility to enter contraction; continuously refreshing the range highs and lows will maintain a high volatility state. The premise for this observation to hold is that there is no sudden narrative shock impacting SNDK itself.On November 6, BBX launched 8 USDT perpetual contract trading pairs: XPL, SOPH, IRYS, BEAM, Q, ERA, CAP, AXIS. This news might seem like a routine listing by the exchange, but looking at the list reveals a common point — all eight underlying assets have relatively small spot market sizes and have not been listed for long.
For small coins, having a perpetual contract is not just "an additional trading venue," but the first time they have a two-way tool. Previously, you could only go long; if the price dropped, you had to hold on. With perpetual contracts, you can short and also use leverage. The pricing power partially shifts from unilateral holders to the contract market.
Mechanically, perpetual contracts rely on funding rates to anchor contract prices back to spot prices. When the underlying asset has a small market size, the funding rate can easily be pushed up by one-sided positions, causing divergence where the spot price remains stable but the contract price moves first. Market makers, to hedge short exposure, must buy in the spot market; if spot liquidity is insufficient, they can only widen spreads or reduce quote sizes.
So the short-term judgment is straightforward: the initial listing period is the most fragile phase for new contracts. Thin liquidity, wide spreads, and unstable funding rates make stop-losses easiest to trigger. For assets like $XPL and $SOPH that just got perpetual contracts, recent price moves mostly reflect liquidity premiums rather than consensus.
One point worth considering is this: whether these small coins survive is never about whether they have perpetual contracts, but whether there are still people willing to place orders in the spot market after the listing.US October nonfarm payrolls increased by 165,000, nearly three times the expected 59,000
Unemployment rate dropped from 4.2% to 4.1%, average hourly earnings rose 0.4% month-over-month, 3.1% year-over-year, and the previous two months were revised up by about 84,000
After the data release, the probability of a 25 basis point rate hike in December on CME FedWatch rose from about 70% before the open to about 79%
Liquidity is also weak
US spot BTC ETF saw a net outflow of about $430 million on November 5, with Fidelity's FBTC alone withdrawing about $200 million, BlackRock's IBIT about $105 million, totaling about $870 million withdrawn through Thursday that week
$BTC current price is about 75,910, 24-hour high 76,427, low 74,888, funding rate around 0.006%
Nonfarm initially surged above 76,100, then slid back to around 75,900 to consolidate, with average volume
Employment is relatively hot combined with ETFs still offloading, I don't consider this consolidation a trend reversal
December rate hike expectations remain elevated, I would feel uneasy chasing longs above 75,500
Short-term support at 75,100, near last night's low, cut losses if broken
Resistance at 76,400 is the first barrier, this morning's high is capped here, don't chase if it can't break through NVDA only recovered about 27% of Thursday's sharp drop on Friday, so I won't chase this rebound yet.
On Thursday, NVDA fell 9.3% in a single day, closing at $181.60, with an intraday low of $181.46.
On Friday, it closed at $186.64, up 2.8%, with a trading volume 1.59 times the 20-day average.
This means it only made up about 27% of Thursday's loss; SOXX rose 3.5%, also recovering only about a quarter.
According to ETF.net, the S&P 500 fell 2.7% this week, marking its worst week since June.
Nonfarm payrolls increased by 165,000, exceeding expectations, and the probability of a rate hike in December rose to about 77%.
I think this is an oversold rebound, not enough to confirm a trend reversal.
The stock price is still below the three moving averages: MA200 at 204.67, MA20 at 211.55, and MA50 at 219.81.
The increased volume indicates significant disagreement, which does not mean the buyers have won yet.
My observation is to not chase: wait for it to hold above 194.90 (Friday's high), then see if it can reclaim 200.
If it falls below 181.46 (Thursday's low), this rebound is considered invalid.
Do you think this is a true bottom after panic, or just a temporary rebound within a downtrend?
$NVDA $AMD $MU
#美股 #存储股抛压缓和，AI内存牛市还稳吗？ Regarding the midterm elections, it's worth separating facts from expectations.
Facts: On November 3, the Democratic Party regained control of both the House and Senate. Vance attributed the main cause of the defeat to the Iraq war, and Trump admitted to The Wall Street Journal that "Iran is part of it," then announced the end of the annual $4 billion military aid to Israel by the end of the year, claiming it was Netanyahu's initiative. Iranian senior officials interpreted the result as Trump's "strategic failure" and vowed to continue resisting; Qatar is still mediating a draft agreement.
The market acted faster than words: On November 2, as both sides signaled peace talks, WTI plunged 7.4% that day, Brent crude returned to around $102, down nearly 12% from late October; on November 4, gold prices rebounded over 2.8% in a single day.
Expectations: Oil price drop → inflation cooling → easing interest rate pressure, theoretically favorable for risk assets. But in the same week, BTC was still driven near 75,000 — now priced by the beta of AI tech stocks, not the Middle East scenario.
A dose of cold water: US media reports that the US military is still preparing to resume large-scale operations. The easing is a market-traded expectation, not a signed agreement.
Sources: Caixin, Axios, The Wall Street JournalI don't play with high leverage; I slowly hold spot positions to avoid staring at the screen all day. In this perpetual contract market at 10 AM Beijing time, $BTC is quoted at $76,055, down 0.07% in 24 hours; the fear and greed index is 25, falling into the extreme fear zone.
I prefer to treat it as a short-term sentiment thermometer rather than a signal of long-term value. This level of BTC volatility itself doesn't indicate a change in the long-term logic; ETH and SOL rose 0.29% and 0.38% respectively in the same period, so it's not a uniform decline. Looking at the funding rates, BTC and ETH are positive, SOL is negative, so the direction of leveraged funds is not consistent, and you can't summarize the whole market with a single fear reading.
Anyway, I'm holding without moving, but that doesn't mean a rebound is guaranteed just because of fear. I want to see if there are fundamental changes later to confirm the sentiment. Leverage can amplify volatility but also compress the room to wait it out, so keep that in mind.$HYPE
Binance still can't withdraw on the 8th day, why did HYPE climb back from 76.9 to 79.4?
The 09:29 news said withdrawals have been impossible for 8 consecutive days, and another at 09:10 said it dropped 9% below $80. I checked OKX, current price is 79.384, up 1.6% in 24 hours, the low of 76.9 has already been recovered.
Positions of $126 million haven't fled, the fee rate is 0.00855%, still below the benchmark, perpetual contract discount is six basis points.
Withdrawals are blocked, price is fine, those eager to run are not in this batch. But if withdrawals remain closed for a day, I just treat it as a rebound and will wait until the channel really opens.
#美国10月非农超预期，12月加息押注升温 This is now a state where the bears have already exhausted their positions, and the market won't remain pessimistic forever,
Strong non-farm payrolls (like tonight's): limit rate cuts, hawkish, mainly bearish
Moderate weak non-farm payrolls: promote rate cut expectations, mainly bullish
Very poor non-farm payrolls (cliff-like weakening): trigger recession fears, turning into bearish risk assets
What the market needs now is economic stimulus, not a deterioration of all economic system activities.In 2016, ETH's hard fork made it the top public blockchain; how many days can CORE survive a soft landing in 2026?
Facing a major vulnerability crisis, Ethereum relied on a hard fork to overcome it, gradually growing into the leading public blockchain. CORE, on the other hand, attempts to handle the massive leftover ghost tokens from the reward vulnerability with a "soft landing" approach. Their survival foundations are completely on different levels. The 2016 DAO incident's vulnerability was an issue with the upper-layer application contract; Ethereum's underlying protocol remained intact. After the crisis, the community engaged in thorough debate and voting, with the vast majority of developers, miners, and exchanges reaching consensus to complete the hard fork. By then, Ethereum had already accumulated a large developer ecosystem capable of continuous self-iteration. ETH later established a Gas burn value capture mechanism, allowing the ecosystem to sustain itself.
In contrast, CORE's vulnerability directly hit the underlying reward distribution logic, causing excessive tokens to be released prematurely, with tens of millions of ghost tokens looming overhead. The project chose a soft landing approach that does not roll back transactions but coordinates asset handling. However, its shortcomings are fatal: only 21 validator nodes, inherently lacking decentralization; weak community consensus; extremely low on-chain fee revenue; the protocol lacks self-sustaining ability; combined with multiple exchanges delisting it, liquidity continues to shrink.
Whether the crisis can be smoothly overcome has never depended on technical fixes alone but on the support of the ecosystem, consensus, and capital. Ethereum had the ecosystem first, then the crisis; CORE's narrative runs ahead of its fundamentals. Even if this vulnerability achieves a soft landing, without substantial improvements in liquidity, inflationary selling pressure, and ecosystem activity, the mid-to-long-term survival challenges remain severe. People tend to see whales buying back as a positive signal: According to Ember monitoring, a whale who bottomed out ETH in June spent 19.7 million USDT to buy 8,775 ETH five months later.
On the other hand, I am more cautious about the “winner’s filter.” First, having bought correctly last time doesn’t prove it will be right this time; second, highlighting past achievements easily turns the preference of a single address into market consensus. Without the three words “bottomed out,” would you still pay so much attention to this purchase? I welcome those with opposing views to debate.1. 100x leverage does not mean liquidation only after a 1% drop; liquidation can occur after just a 0.5% drop.
100x means a 1% margin, but there is also maintenance margin and fees. BTC's maintenance margin rate is about 0.4%-0.5%, so the actual liquidation price is around -0.5%.
The same applies for 20x: it's not actually -5%, but about -4.5%.
The leverage margin for error is narrower than you think.
2. Fees will consume half of your principal in a year.
Assuming you use 10% of your funds each time with 10x leverage, the nominal position equals your entire principal. The one-way fee is 0.05%, so opening and closing a position costs 0.1%.
Two trades per day equal 0.2%. Over 250 trading days, 50% of your principal goes to the exchange.
You lose to fees before you lose to the market.
3. Funding rates are an invisible holding cost.
0.01% every 8 hours, three times a day, about 11% annually.
Long-term longs effectively pay an 11% "position tax" per year. Even if the market doesn't move, you are losing money.
4. Adding to a winning position raises your average cost.
Buying 10,000 U coins at 10U, then adding 10,000 U at 20U, your average price becomes 15U.
If the price drops 25%, your unrealized profit turns into an unrealized loss.
Adding to a position amplifies both gains and costs simultaneously; it does not amplify gains for free Submitted to White House Review ≠ 401(k) Can Now Include Crypto.
The U.S. Department of Labor has sent the "Fiduciary Selection of Alternative Investments" final rule to the White House OIRA for review (received around 11/5, RIN 1210-AC38). The draft scope covers private equity, real estate, and crypto alternative assets — providing fiduciaries with a procedural safe harbor, not mandating every retirement plan to include crypto.
Key point: This is a procedural step near the finish line, not a switch that’s already turned on. After OIRA approval, it still requires Federal Register publication; Warren/Sanders are still raising volatility risk concerns. Loosening retirement fund channels is different from daily net inflows and outflows of spot ETFs.
Confidence level: Media + Reginfo filing (pending review); submitted for review ≠ effective ≠ mandatory inclusion. Do you think this is significant for retail access, or more like a procedural battle over the institutional menu?
$BTCNonfarm payrolls 165,000, expected only 65,000. Unemployment rate also dropped to 4.1%.
With data this good, by previous logic it should rise.
Now it doesn't. Because the better the data, the more certain the December rate hike.
This market no longer follows the usual logic. Good data turns into bad news.
#美国10月非农超预期，12月加息押注升温 "The product has not yet taken effect"—this was the status I first highlighted during this information code review. ARK submitted registration documents for 14 thematic ETFs, covering AI agents, robotics, and tokenized market infrastructure. I care more about the distance from filing to implementation than the number of themes. 💻
My judgment: This is a positive signal for attention to tokenized infrastructure, but it is still far from actual capital demand being validated. The logical bug is treating "preparing to provide investment access" directly as "capital has already entered," and equating infrastructure themes with benefits to related tokens; the materials do not provide evidence for these.
If it were me, I would change the observation logic to first see if the product can take effect, then look at the specific investment direction. My speculation is that if the final allocation deviates from market expectations, then the theme's popularity may not translate to the assets everyone expects. I will not prematurely celebrate the launch of this filing.Berkshire's cash reserves have orderly declined from a peak of nearly $400 billion, marking the company's official entry into the "Abel era." This is not simply "spending money," but a public test of the successor's capital allocation discipline.
The market's divergence lies here: optimists believe that Abel's gradual deployment of the long-accumulated "ammunition" during valuation-appropriate windows reflects leadership; skeptics, such as Michael Burry—the real-life figure behind the movie "The Big Short"—worry that the successor may lack Buffett's extreme patience and discipline of "preferring to hold cash rather than settling."
Therefore, while today's financial report numbers are certainly important, the more critical signal is how Abel defines his own balance between "activating cash to enhance returns" and "maintaining discipline to avoid recklessness." This will be the core clue that long-term investors need to continuously track when evaluating Berkshire's future value.
#伯克希尔巨额现金储备，财报将披露最新动向 I think it's a bit early to call for bottom-fishing now.
This round of decline is really not caused by the crypto market itself collapsing; it's because the US stock market has been continuously dropping. The Philadelphia Semiconductor Index's single-day drop hit a record since March 2020, and that number alone shows how much pressure there is — institutions and big players have been shrinking their exposure recently. Whoever dares to go heavy at this time is basically taking the risk for others. I don't think the selling pressure has been fully unloaded yet; bottom-fishing halfway down the slope is not a joke, it's highly probable.
Keep an eye on $BTC around the 74,000 to 73,000 range to see if it can produce a decent stop-fall signal before making any moves. For $ETH, I'm watching the 2150 to 2080 range mainly to see if it's forming a bottom or just taking a breather after a drop. These two are completely different situations, so don't mix them up.
It's only two and a half hours until the non-farm payroll data is released. Acting now is basically gambling. Before the data lands, I plan to just watch and keep my hands still; that way, I feel more at ease.ICE is bringing Trade.xyz into the U.S., and Kraken's parent company is doing the same—the compliance path for perpetuals has changed.
Two pieces of news, same direction.
October 29: ICE, the parent company of the NYSE, signed a definitive agreement with Trade.xyz. Division of labor: ICE operates the regulated market and clearinghouse, Trade.xyz designs perpetual products, and Hyperliquid provides the underlying chain and trading infrastructure.
September 16: Kraken's parent company Payward announced plans to bring on-chain perpetuals to U.S. customers, starting with the HIP-3 market.
Both initiatives require regulatory approval and have not yet been implemented. But the direction is clear: since U.S. users cannot access existing markets, a regulated entry point will be created.
The structure is noteworthy: infrastructure and market operations are separated. Hyperliquid provides execution, liquidity, and the chain; a third party designs products, manages customers, and handles compliance. The exchange itself does not do everything; Hyperliquid only opens the "clearinghouse" layer.
If successful, on-chain perpetuals will enter the U.S. regulated system for the first time, but not under the name "DeFi," rather as an "infrastructure provider."
For traders, there is no short-term change. In the long term, liquidity will be layered: regulated and unregulated pools will have price differences.
Price differences are both opportunities and risks. When operating across pools, the value of aggregation layers like HyperFill emerges—they don't make judgments for you, they just present the cost of both paths side by side.On October 29, ICE announced a partnership with Trade.xyz to bring on-chain perpetuals into the US regulated framework. HYPE surged to 92 that day, just shy of the all-time high of 97.96.
Then the entire market dropped. The fear index was 28, and the total crypto market cap fell 5.4% in one day. HYPE dropped to around 80.
But during the same period, HIP-3's trading volume hit a record: 9 billion in one day, with daily active users reaching a new high.
Volume up, users up, price down.
Many people thought the market was "wrong." Actually, it's not contradictory.
The reason lies in the structure: one-third of HIP-3's trading volume belongs to third-party builders, and half of the fees go to them. These builders receive their share denominated in HYPE and need to sell it to convert into operating funds.
So the more active HIP-3 is, the greater the selling pressure.
This is not a bug; it's by design. The protocol pays builders with HYPE, and builders exchange HYPE for cash, creating continuous selling pressure.
Then where does HYPE's value come from? The protocol uses fees to buy back on the market. The strength of the buyback depends on how much of the retained half of the fees there are.
Therefore, to evaluate HYPE, you shouldn't look at "how much trading volume" but the ratio of "retained fees divided by circulating supply."
An increase in trading volume does not equal a token price increase; there's an intermediate layer of "who gets the share."Happy weekend. The midterm elections and non-farm payroll data have concluded, and next week CPI takes over. Reviewing this week's market, it can be divided into three phases: Monday: A pressured start. The aftermath of the security incident at Binance at the end of October is still ongoing, with about $6.3 billion in assets transferred without authorization. The exchange stated it will fully compensate. On the first trading day after the incident, the US spot Bitcoin ETF saw a net outflow of $643 million, the largest single-day outflow since June 25. On Monday, IBIT also saw an outflow of about $405 million, while Bitcoin hovered around 78,000. Tuesday to Wednesday: A rebound after the election, but lacking momentum. The price once rose back above 80,000, with a weekly high around 81,196, but failed to break through the 80,500–81,000 range. On Wednesday, ETFs only had a net inflow of about $74.6 million, a very small scale, indicating this rebound lacked institutional spot support. Thursday to Friday: Transmission of the US stock market crash. On Thursday, the Nasdaq plunged 5.5%, Bitcoin dropped about 5% in 24 hours, and Ethereum fell about 7.5%, hitting a two-month low. The entire network saw about $1.27 billion liquidated in 24 hours, with longs exceeding $1.1 billion. ETFs had a net outflow of $430 million that day, with none of the 12 Bitcoin ETFs having net inflows. After the non-farm payroll data on Friday, Bitcoin surged to about 76,100 but then fell back, failing to follow the Nasdaq's rebound. In summary: This week was "a rebound without spot buying, ultimately pushed back by AI sell-offs in US stocks and leveraged liquidations." So what to watch next: Geopolitical and AI regulatory news. The core event this week was the Republican Party in the midterm electionsHIP-3 data: cumulative trading volume reached $548.1 billion (as of September 8), accounting for about 30% of Hyperliquid's total trading volume. Daily volume has hit $9 billion, with daily active users reaching a new high.
But there's a number few people notice: third-party builders take 50% of the fees from their markets.
The mechanism is: staking 500,000 HYPE tokens (about $46 million) allows you to deploy your own perpetual market, set your own fee rates, and collect half of the fees yourself.
"HIP-3 trading volume of $548.1 billion" cannot be directly translated as "the protocol earned a lot."
What’s more worth noting is the concentration: Trade.xyz alone accounts for 97% of HIP-3’s open interest contracts.
97% means this "third-party market ecosystem" effectively has only one player.
Two things combined: the story of HIP-3 is "openness," but the reality is "one major client + half the fees flowing out."
For traders: if your position is in a third-party market, that market’s depth, liquidation rules, and fee rates are set by the builder, not Hyperliquid.
You are using Hyperliquid’s clearinghouse, but trading in someone else’s shop.
It’s worth developing the habit of checking who runs the shop before placing an order. HyperFill lays this out clearly: comparing prices along the same route, showing slippage and fees side by side.For me, the odds of NFT need to first deduct the risk of "whether there is a buyer when you want to exit." PANews cited Onchain Lens monitoring, stating that Brother Maji sold a BORED APE on OpenSea for 12.5 ETH. I see it more as an exit sample rather than a bearish verdict on the entire Bored Ape series.
The reason is simple: the transaction proves that there is a buyer for this ape at this price, but it does not prove that other holders can exit smoothly; the asset has no cost or selling motivation, and it is impossible to judge whether this is a stop loss or a normal adjustment. I believe this news only slightly increases the credibility that "there is support at this price level," which is not enough to raise expectations for the entire series to recover.
According to my speculation, if subsequent transactions continue and support expands, the expectation for studying it may improve; if only celebrity transactions attract attention, no matter how tempting the odds are, it is not worth overestimating. Looking at this transaction, do people value the probability of exit more, or the odds of potential returns?#美国10月非农超预期，12月加息押注升温
Many people automatically translate the two characters "anti-war" as "risk assets are about to take off." Let me pour some cold water first: Washington still has a time lag. The new Congress will not officially take office until January 3 next year, which means that in the next two months, Trump may actually enter the "final operation window"—the later it gets, the more constrained he is, and the more likely he is to try to seize the rhythm now.
Full-scale war between the US and Iran? I tend to think the probability is going down. But short-term sudden events, extreme pressure, and a midnight push notification are things to watch out for. The market is not afraid of slow variables, but fears a one-second headline.
For the crypto circle, oil is more honest than news headlines. When the Middle East tightens, crude oil surges first, inflation expectations rise, and the Federal Reserve dares not ease easily. High-volatility assets like BTC get suppressed first. Now Congress wants to block war funding, which in the long term makes "large-scale war" more difficult, and the panic premium in oil prices will gradually dissipate. As long as no big news breaks in these two months, macro-wise it is an invisible tailwind for crypto—not a rocket, but at least one less ballast stone.
Don’t get carried away with operations. Geopolitical easing is like slow deflation, deterioration is like a blowout. If Trump really throws a "big news," oil prices will still fly, and BTC will still kneel. The strategy is just three sentences: don’t chase highs; if you have floating profits, reduce in batches when the rebound hits resistance; if you are empty-handed, wait for a pullback to stabilize before considering. Treating "Congress anti-war" as a reason to go all-in, the market will teach you a lesson.
This does not constitute investment advice. $TRUMP On October 7, SOL was $116.18. On November 6, it was $89.94. A 22.6% drop in one month.
During the same period, BTC fell from over 80,000 to 75,000, a drop of about 7%. SOL's decline was three times that of BTC.
This difference is not a coincidence. The holder structure of SOL has a higher proportion of speculative funds. Its narrative has always been "high-performance public chain + ecosystem explosion," which is extremely sensitive to risk appetite.
The macro background this time is: the Philadelphia Semiconductor Index down 12%, VIX up 70%, and rising expectations of interest rate hikes. When risk appetite contracts, the first to be sold are always the "most expensive stories."
Additionally, with the Shanghai event being halted, the sentiment for SOL in the Chinese market is even worse.
A noteworthy comparison is: Hyperliquid's token HYPE was +1.95% on the same day. Both are in the "on-chain derivatives" sector, but their trends diverged.
The reason for the divergence lies in fundamentals: HYPE has real protocol revenue and buybacks, while SOL's revenue mainly comes from the activity of ecosystem projects. The former is cash flow; the latter is market sentiment.
When market sentiment falls, cash flow is still recognized. This is also why I layer my positions: story positions and cash flow positions are separated; the former can go to zero, the latter cannot. Solana's advertising in Lujiazui was stopped, and the central bank gave a clear statement
On November 6, a responsible official from the People's Bank of China responded through the Financial Times regarding an incident: Solana placed an advertisement on the outer wall of the Citigroup Tower in Lujiazui, Shanghai, and planned to hold the "Solana Accelerate China 2026" offline event in Shanghai and other locations, but the event was stopped by relevant authorities before it started.
The central bank's statement was very specific, citing two reasons:
First, SOL is essentially a virtual currency.
Second, Solana provides technical services for the issuance and trading of major virtual currencies such as USDT.
Both points fall under the February notice issued by eight departments titled "Further Preventing and Handling Risks Related to Virtual Currencies," which clearly defines these as illegal financial activities. Therefore, "promoting Solana" itself violates regulations.
More than one entity was dealt with: the People's Bank of China, together with local financial regulators, public security, and market supervision authorities, stopped the activities and will investigate the involved organizations and individuals.
The significance of this matter is not just "another event canceled," but that the central bank publicly classified public chain brand marketing as part of illegal financial activities for the first time. Previously, people thought "not issuing coins, not doing trading, only doing technical promotion" was a gray area; now this gray area has been clarified.
For those involved in payments and U cards, the implication is: compliance is not only about "what you do" but also about "who you promote for."Lost 2 billion USD in three days, but the weekly net realized profit and loss is only -191 million
Data from CryptoQuant: In the past three days, BTC holders realized daily losses between 657 million and 703 million USD, totaling over 2 billion in three days.
Sounds terrible. But there is another figure in the same data: the weekly net realized profit and loss is -191 million USD. Why such a big difference? Because some people sold profitable chips at this price level. The 2 billion loss is the volume of "cutting losses," and the net -191 million is "cutting losses minus making profits."
Putting these two numbers together shows one thing: the market is not a one-sided crash, but a turnover. People who entered at high levels are cutting losses, and those who entered at low levels are leaving.
More informative is another point: the net spot trading difference between Binance and Coinbase, the 30-day moving average has turned negative. Binance -28 million, Coinbase -9.4 million. At the end of August, these two numbers were +64.8 million and +64.3 million. Translation: the volume of active selling is greater than active buying.
This means the selling pressure is not from a single big event, but continuous and dispersed. This kind of decline is harder to judge the bottom than a one-time dump because there is no clear "clearing" moment.
My own approach is: at times like this, don't guess the bottom, first confirm whether the withdrawal channels are open. The price is someone else's business; the channels are your own business—on PayAll, I usually keep this process familiar, no need to find a route temporarily. The U.S. Treasury has included MEXC in its sanctions list, cutting off its connection to the U.S. financial system—specifically severing the dollar clearing and correspondent banking channels. MEXC responded that it has established communication with regulatory authorities, and the platform's operations and user assets are normal.
The outlook is bearish. The core impact is not on the fundamentals of BTC/ETH, but on the exchange's dollar channels: once fiat banks tighten settlement with stablecoins, large withdrawals, market maker quotes, and intermediary settlements will be the first to be affected. Asian and European premiums may temporarily widen, with MEXC ecosystem assets and small tokens relying on its liquidity quotes being hit first.
Scenario one to watch: if withdrawals remain smooth and channels are not switched, the impact may stay at the premium level; scenario two: if limits or channel switches occur, liquidity contraction and concentrated withdrawals may propagate from outside inward. Are you more concerned about withdrawal channels or premium expansion?
Source: BlockBeatsThe largest holding of a preferred stock ETF is actually a company that buys Bitcoin.
As of November 5, VanEck's preferred stock (non-financial) ETF, ticker PFXF, lists Strategy as its largest holding, accounting for about 7.6% of the fund's net assets, with a holding value of approximately $161 million. One day earlier, on November 4, BlackRock's iShares Preferred and Income Securities ETF (PFF) held about $404 million in Strategy preferred stock, accounting for about 3.5% of that fund's assets.
Two funds: one allocates its largest position to a proxy for crypto assets, the other puts a large sum into an important position. Buyers may not realize they are indirectly exposed to $BTC.
The mechanism is not complicated. Preferred stock offers fixed dividends and priority in liquidation, with less volatility than common stock, which suits income-focused ETFs; the issuer uses the money to buy crypto, and the price elasticity of the crypto is transmitted back through dividends and stock price. For institutions, this effectively separates the desire for crypto price appreciation from the desire to avoid volatility.
What changes is not the willingness to buy, but the buying path. Previously it was spot, futures, common stock; now there is an additional preferred stock channel, using money from fixed income accounts. This type of money is sticky, with slow redemptions, but cares more about dividend coverage.On November 4th, the Democratic Party swept both chambers of Congress, and BTC plunged sharply from above $88,000 to $75,600. On November 6th, the October nonfarm payrolls came in at 165,000, far exceeding the expected 65,000, and the unemployment rate dropped to 4.1%.
Two days, two anchors, both tightening simultaneously.
First anchor: interest rates.
After the nonfarm data release, CME FedWatch showed the probability of a 25bp rate hike in December jumped from about 75% to the 71%–80% range. The dollar strengthened, raising the opportunity cost of holding non-yielding assets.
BTC was quoted at $75,548 after the data release, with LSEG data showing continued pressure. About $1.2 billion in leveraged positions were liquidated in the past 24 hours, and open interest fell to the lowest level in nearly two months.
The rate hike is not just a "possibility"; the market has already priced it as the baseline scenario.
Second anchor: regulation.
With the Democratic Party controlling both chambers of Congress, the market immediately began pricing in two things: AI data center scrutiny and tighter crypto regulation.
The Nasdaq dropped 5.52% in a single day, the Philadelphia Semiconductor Index plunged 12.2%, Nvidia fell 9.26%, and AMD dropped 17.26%.
What is BTC? It is an asset overflowing from the AI narrative. With AI stocks being bloodied, BTC cannot remain unscathed.
What’s more painful is that funds are already running.
On November 5th, the US spot Bitcoin ETF saw a net outflow of about $430 million, with only one day of net inflow in the past five trading days. Over the past week, ETFs have seen a cumulative outflow of about $1.1 billion; for every $1 billion outflow, the coin price is dragged down by about 3.4%.
Institutions are cutting positions, and the first to be cut is the "high Beta" Bitcoin.
So don’t simply interpret this decline as a "shakeout."
Crypto now hangs on two external anchors simultaneously: one is the US dollar interest rate, the other is Washington’s regulatory stance.
Nonfarm data pulls the interest rate anchor upward, the election pulls the regulatory anchor upward. With both anchors tightening simultaneously, the market has no reason not to reprice.
Before the data release, BTC once rebounded to $81,000, which was a short squeeze.
But short covering is one-time; rate hike expectations and regulatory risks are ongoing.
A rebound can be forced by shorts covering, but a reversal can only be driven by bulls buying.
And the current bulls are being held underwater by these two anchors.
Until the reset is complete, every rebound’s quality must be questioned.
$BTC $ETH $SNDK #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 After the surge, BTC recorded a nearly 5% pullback, with long positions in BTC and ETH entered at high levels consecutively stopped out, losing 60% of previously accumulated paper profits. Lowering leverage and shrinking positions prevented liquidation, but this risk control only protected the account's bottom line and couldn't stop the pullback from eating into already realized profits. This observation confirms the fragility of high-leverage positions in rapidly reversing markets but cannot alone prove that this drop was a bull trap setup. The simultaneous downward nodes coincided with the US stock sell-off period, with the Philadelphia Semiconductor Index experiencing its largest single-day drop since March 2020, and capital flowing out of the crypto market in sync. The synchronicity of these two asset curves proves that risk capital is withdrawing across markets simultaneously; however, it does not directly imply that crypto prices are entirely driven by US stocks, as the order book structure in the crypto market itself also amplifies the decline. The market had already priced in the policy expectations from a Democratic victory, with traders betting on forthcoming US restrictions targeting AI and computing centers. The corresponding legislation has not yet been enacted, but the pricing action is complete—this is the core fracture in the entire logic. This observation supports capital trading on long-term policy speculation but cannot prove that a crash is an inevitable outcome. Following this timeline, the market has two possible evolutionary paths. If external risks continue to spread, BTC and ETH will keep facing selling pressure; if no substantial negative news materializes, the priced-in expectations will gradually fade.#RocketLab财报前瞻：Neutron rocket progress update? The small rocket surged over 15%+ after Friday's US stock market close
But current earnings forecasts are generally pessimistic.
The skeptic noted that previous quarters' earnings all exceeded expectations, but this time the judgment is based on whether earnings per share can beat -0.07; the market forecast is -0.067 and the current odds are reasonable. "Deepening linkage, first manage positions"
Risk appetite in the crypto circle and U.S. stock market is synchronizing. After a sharp pullback in tech stocks and the Nasdaq dropping about 4%, BTC fell below 76000, ETH faced pressure simultaneously, showing clear signs of deleveraging in high-risk assets. The so-called "independent crypto market" is temporarily invalid in this round.
AI hardware stocks plunged, reflecting the market's downward revision of future capital expenditure expectations; BTC weakness is compounded by ETF fund outflows and cooling risk appetite. Different assets, but pricing logic points to contraction.
Next, watch two signals: whether the non-farm payroll data will rewrite rate cut expectations, and whether BTC ETFs can stop net outflows. Until the signals are clear, do not guess the bottom, just control positions. The market can be endured, but risk control cannot be relaxed.This chart shows the change in USDT market cap over 60 days, along with the 30-day average and Bitcoin price. It can be seen that the 60-day change reached around +$5 billion in May, then dropped to around -$5 billion in July and fell sharply again in early November to about -$5 billion. Currently, the $USDT supply is shrinking, which means the stablecoin funds available to enter the crypto market are decreasing. Historically, changes in stablecoin supply are often monitored as a liquidity indicator, soSeeing large unrealized losses on short positions, many people tend to think "waiting to be squeezed." Odaily monitoring shows that a certain address holds about $9.03 million in $SOL short positions, with unrealized losses of about $80,000, approximately 16% away from the liquidation price, which is around $105.
On the other hand, I think the bullish significance of this news is overestimated. One reason is that the data only shows the short position of this address, without explaining whether there are other hedging positions, so it cannot be directly regarded as the entire chip of a whale's one-sided bearish bet. Another reason is that the liquidation price is just a condition, not a magnet. If the price really approaches that level, then the impact of liquidation can be discussed; this is my speculation and cannot be reversed to use the liquidation line to prove that the price will rise.
I am more cautious about onlookers taking others' positions as their own directional basis. What do you think is still missing as evidence to identify this short position as fuel for a short squeeze? I welcome those who consider it a clear bullish sign to debate.Ethereum DAO Crisis vs CORE Reward Vulnerability: Both Bleed, But Why Are the Outcomes Destined to Differ
Two major security incidents both stem from protocol vulnerabilities causing asset shocks, but their fundamentals and governance foundations are completely different, leading to vastly different outcomes. The 2016 DAO incident involved a vulnerability in the upper-layer application The DAO contract, not the Ethereum underlying protocol itself, and the Ethereum network operated stably. After the crisis, the community engaged in thorough debate and widespread voting, reaching consensus to choose a hard fork to recover funds; by then, Ethereum had already gathered a large global developer community with continuous iterative technical capabilities. ETH had a value capture logic through Gas burning, and the ecosystem's endogenous growth momentum was very strong, allowing it to grow stronger after weathering the storm. In contrast, the CORE reward vulnerability directly affected the underlying reward distribution mechanism, resulting in an over-release of 2.55 million CORE tokens, ultimately leaving about 69 million ghost tokens unresolved. The handling of these tokens has never been fully implemented, creating a long-term selling pressure risk. Meanwhile, CORE only set up 21 validator nodes, inherently lacking decentralization, and the community consensus foundation is weak; on-chain fee income is minimal, the protocol's self-sustaining ability is poor, compounded by exchanges gradually delisting it, leading to liquidity contraction. Ethereum first established ecosystem consensus before encountering a crisis; CORE, however, prioritized narrative first, with its underlying economic model and ecosystem construction not yet fully operational before a major vulnerability was exposed. Whether a project can survive a crisis depends not on whether bugs can be temporarily fixed, but on whether the project itself has sufficiently strong community power and value.My first reaction is to do a simple cost-benefit calculation: How much time does it take to research companies when following a theme? If you switch to a thematic ETF, can the effort saved offset the fees and stock selection restrictions? Just because it's newly packaged doesn't mean the math adds up.
ARK has submitted registration documents for 14 thematic ETFs this time, involving AI agents, robotics, and tokenized market infrastructure. The products are not yet effective. I see this as a positive sign of themes moving toward productization, but it's not yet evidence of capital entering the market: filing does not equal launch; if the products are launched, ordinary users might have an additional entry point; however, no matter how hot the theme is, it cannot replace judgment on underlying assets and valuations.
I would play it a bit safer, first watching the subsequent disclosures of holdings and fees, then deciding whether it really saves research costs or just swaps in a trendy name. When facing such new thematic ETFs, would you wait for the product to become effective and see the holdings before considering, or are you willing to take on more uncertainty and participate early? Brothers, last night Bitcoin suddenly plunged, and it wasn't due to a single reason. The external AI stocks weakened first, dragging down risk appetite; then leveraged long positions were heavily liquidated, causing a stampede; on top of that, capital withdrawal amplified the decline. This drop in Bitcoin also spilled over to related assets, with SanDisk especially suffering, having fallen for three consecutive days. My view is, don't rush to bottom-fish or open new positions right now; the market hasn't stabilized yet. Before the non-farm payroll data comes out tonight, it's best to watch more and act less, waiting for the results to provide direction. The funding rate has already turned negative, indicating bearish sentiment is strong. Continuing to chase shorts at this level has poor risk-reward and is prone to a rebound. Control risk first and wait for signals. After a sharp sell-off in the U.S. stock market, the downward movement of BTC and ETH appears relatively mild in comparison, and it is precisely this contrast that supports the previous twenty-times long position on BTCUSDT. The synchronized decline across markets can only be considered a correlation observation and cannot directly determine that crypto assets have detached from external risks to form an independent trend. This relative resilience is merely a temporary result caused by the order of capital allocation. Risk appetite funds will flow back and forth between equity markets and crypto markets. The severe pullback in U.S. stocks compresses the overall capacity of the risk capital pool. Capital exits U.S. stocks first, and crypto assets only bear the selling pressure with a delay. This transmission chain has repeatedly appeared in multiple market cycles, but the pace of chip flight on both sides will not be completely synchronized. The decline in U.S. stocks is a leading warning and does not mean that the adjustment space for BTC and ETH has been fully realized. U.S. Treasury yields will determine the strength of this transmission chain. When yields continue to rise, all high-elasticity assets will endure sustained pressure. Crypto assets occasionally show smaller declines, which only means they are not the first target of capital flight in this round, not that they have broken free from macroeconomic constraints. This linkage can only be regarded as a correlation phenomenon without inevitable causal binding. The premise for this twenty-times long position to be established is that the external sell-off no longer continues to transmit outward. If U.S. Treasury yields continue to rise, this brief resilience will be difficult to maintain, and coin prices will follow the pace of external adjustments; only when U.S. Treasury yields show a clear reversal signal will cross-market capital... $BTC $ETH
The day before yesterday, the US stock market experienced concentrated sell-offs releasing a large amount of panic selling. Last night, the non-farm payroll data was strong across the board, continuously suppressing rate cut expectations, and US Treasury yields rose simultaneously.
The market did not continue a uniform sell-off; the previously deeply corrected tech sector saw capital replenishment, the Nasdaq staged a recovery rebound, and there was a clear divergence within the index.
The macroeconomic bearish backdrop remains, but the short-term concentrated selling pressure has been fully released, and the panic sentiment transmitted across markets has somewhat cooled down.
#美国10月非农超预期，12月加息押注升温 $BEAT What is this guy trying to do? Pulling up, he can't really be about to dump on me, right? Looking at the long-short ratio, I'll keep holding for now. It's been pulling for so many days, it should go down now. Dog whales, stop playing around.
OKX BEAT long-short ratio
Retail investors: ↓ 1.99 → Bullish
Number of large holders: ↓ 1.33 → Bullish
Large holders' positions: ↓ 0.88 → Bearish
Main force inclination: Bearish
Retail and large holder numbers lean bullish, but actual positions and main force are bearish. This structure often leads to a "bull trap followed by a dump" or a high-level pullback.
Network-wide comparison
Binance account long-short ratio: 2.85 (bullish)
Binance large holder count: 3.08 (bullish)
Binance large holder positions: 1.63 (bullish)
Upcoming unlocks (important):
Around the 1st of each month, about 17–22M BEAT (approximately 5–6% of total circulation) unlock, involving Community, Advisors, Foundation, Team.
Continued pressure expected in December and January.
Project progress: There is a token burn mechanism, but supply pressure remains.
$BTC $ETH #美国10月非农超预期，12月加息押注升温