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💻 This treasury update, I want to review it by code. Input: According to Onchain Lens monitoring, Tron Inc. bought another 156,600 $TRX, about $49,900, with a total holding of 722.27 million; accumulated purchases in the past 30 days reached 4.53 million.
My judgment: This should trigger treasury risk control checks rather than directly boosting market sentiment. Logically, a single new purchase is very small relative to existing holdings, so the stock scale cannot be treated as new demand. A potential bug is the funding term: if the funds for buying coins correspond to short-term debt repayment needs, then price volatility could become cash flow pressure; this is just my inference, the material does not explain the source of funds.
If I were to revise this “treasury announcement,” I would add the source of funds, debt maturity, and holding risk limits; otherwise, you only see the purchase, not the constraints. Please help me review: when evaluating this kind of treasury strategy, would you prioritize checking the source of funds or the exit mechanism?From 81,000 to 75,000, it only took one candlestick. Within 24 hours, $1.1 billion long positions were liquidated, of which 87.7% were longs.
What happened? Bitcoin briefly broke through $81,000 but quickly reversed, dropping to around $75,000, a decline of over 5% in 24 hours, with 210,000 people wiped out.
Why is this important? The key is not the drop itself, but the "quality" of this rally. When breaking through $81,000, the open interest growth rate was only 0.3%—the price rose, but leverage did not keep up, indicating the driving force was short covering rather than spot buying or new capital inflows. Once short covering stopped, profit-taking surged, making a stampede almost structurally inevitable.
Which observation is more supported? Current data points more to a "leverage-driven fragile rebound" rather than a "spot-driven trend reversal." Meanwhile, the total stablecoin supply has shrunk to nearly a one-year low, and the ETF cumulative net flow for November is still negative, meaning the "ammunition" on the market hasn’t kept pace.
Next, focus on two things: whether $75,000 can hold, and whether there are continuous signals of stablecoin supply bottoming and rebounding. If it holds, it’s a technical correction; if not, where is the next liquidity vacuum?
Feel free to discuss in the comments—are you betting on "whales accumulating coins" or "less ammunition in the market"? $BTC $ETH How badly did the US stock market crash last night?
The Philadelphia Semiconductor Index plummeted more than 11% in one day, marking the largest single-day drop since March 2020.
Those usually strong stocks: $SNDK fell 17%, Western Digital dropped 15%, $AMD declined 13%, and even Nvidia, which had been stable, fell 7%.
Why did semiconductors suddenly collapse?
Simply put, the market realized that although AI is hot, the input-output ratio is too unfavorable.
Coupled with various macro uncertainties, capital fled like a startled bird.
Now analysts even predict that the US stock market may continue to fall for two weeks, with the worst case being a 20% drop.
What impact does this have on us?
$BTC and the US stock market are now highly correlated.
Last night, Bitcoin already took a hit following the crash, and if the US stock market continues to fall today, we will definitely be pressed down further.
At times like this, don’t blindly trust "safe-haven assets"; when the overall environment is bad, cash is the most valuable.
Today, definitely don’t try to bottom-fish; watch more and act less, survive this storm first!
#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 People chasing momentum VS people waiting for confirmation, this time I lean towards the latter. Hyperliquid's public perpetual market shows ZEC's open interest increased from about $602 million to $695 million in 4 hours, a 15.49% rise; during the same period, the price rose from $1250 to $1331. Both volume and price are rising, which definitely catches the eye.
But I prefer to see this as a heating up of leverage activity rather than a confirmed price increase. Open interest denominated in USD is affected by price rises, so the increase cannot be fully attributed to new funds; an increase in open interest does not mean all positions are long. Also, look at the funding rate of 0.0090% per hour—longs have to keep paying fees, so behind the excitement there are holding costs.
Those chasing momentum focus on "someone entering the market," while those waiting for confirmation focus on "how long this force can last." I will pay more attention to whether price and open interest continue to move in sync. Facing this data, do you side with trend continuation or with leverage crowding?CORE Breaking News: After b14g was hacked for 97 million tokens, the project team hard-forked to "alter the ledger" and recovered 68 million!
Another major incident has erupted in the CORE ecosystem. The b14g protocol suffered a hacker attack, with approximately 97.05 million CORE tokens stolen. The team chose to hard fork, performing a one-time on-chain state adjustment to directly modify the balances of three hacker-controlled addresses, successfully recovering 68.15 million CORE tokens, about 70.2% of the total stolen amount. The official statement emphasized that no historical transactions were rolled back, no tokens were minted, and the total supply remained unchanged.
However, this incident sparked huge controversy: the core narrative of public blockchains is that the ledger cannot be arbitrarily altered. The project team's ability to adjust account balances via hard fork directly challenges trust in the chain's decentralization. The recovered tokens are currently held in a recovery address and have not yet been distributed to affected users. Coordination to recover the remaining funds is ongoing, and no formal compensation channel has been opened yet.
Combined with previous rumors of Bithumb delisting and long-term inflationary selling pressure, this event will further deepen market concerns. Many investors are beginning to reassess: once the project team has the power to modify the ledger, holders' sense of asset security will be significantly undermined. Even though most stolen assets were recovered, it will be difficult in the short term to reverse the market's pessimistic outlook on CORE.#Tether旗下XAUT gold reserves increased by 59% The 59% surge in XAUT reserves looks impressive but essentially reflects the traditional gold bull market mapped on-chain. As an analyst, I value its trust foundation more than the reserve growth: the very high physical redemption threshold, the limitations of quarterly attestations, and the unresolved regulatory jurisdiction. Tokenized gold may follow macro trends in the short term, but in the long term, it must prove itself through real redemption and compliance transparency.$ZEC LONG SETUP
ZEC is trading at 1,315.95, gaining 2.74%. Buyers are showing strong momentum. A healthy pullback followed by a bullish structure shift could support continuation.
Entry: 1H bullish retest
TP1: 1R
TP2: 2R
SL: Below confirmed swing low
Market Insight: Watch for bullish BOS and demand-zone defense aligned with the 4H trend.#IRENQ1AICloudDelivery Overnight, $1.1 billion long positions vanished into thin air. BTC briefly broke through 81,000 before a rapid flash crash; is the stabilization shown in the screenshot a breather or the calm before the storm?
BTC ($75,965): The price has fallen below the market average cost line of about $77,700. There is heavy long liquidation pressure accumulated in the 75,000-75,400 range; if this breaks, the next defense line is at $73,000.
ETH ($2,235): The 24-hour drop once approached 7.5%, showing the most pronounced leverage amplification effect among major coins. The 2,200-2,170 range is a short-term key support; breaking below it would mean continued weakness.
SOL ($89.96): Its high Beta characteristic is fully exposed, with the deepest drop nearing 8%. When risk appetite shrinks, funds exit fastest; during rebounds, it also has the greatest elasticity, but defense is the priority at this stage.
Summary: This is not a single bearish factor but a resonance of AI stock sell-offs, regulatory concerns, and a chain liquidation of highly leveraged longs. The market structure is already wounded and will take time to repair.
#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 $BTC fell below 80,000, what is the market most afraid of now?
Although Bitcoin has rebounded after this round of decline, the overall trend is still relatively weak. The biggest problem is not how much it has fallen, but that it has not reclaimed key levels after the rebound, indicating that off-exchange funds are still watching and market confidence has not recovered.
Next, I am mainly watching two levels:
On the upside, first look at the 77,600–78,500 range; if it fails to break through for a long time, the rebound may only be a short-term correction. On the downside, pay close attention to 74,900–74,700; if this level is lost again, be cautious as the market may continue to seek support near 73,300.
The most common mistake now is to rush to bottom-fish after seeing a few rebound candlesticks. A sharp drop can be followed by a rebound, but that does not mean the downtrend is over.
Yan Yan believes: In the short term, don’t rush to guess the bottom. Wait for BTC to firmly stand above the key resistance level before considering whether the market is truly turning stronger.
#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 This morning, as soon as the Japanese and South Korean stock markets opened, the Nikkei index and the chip industry chain directly gapped down.
The external sentiment quickly extended, and BTC once again dipped to 75500 in the early session.
The Asian morning session is always the most fragile liquidity period of the day. With the handover of funds between the US and Europe, market makers' quoting models are in a rebalancing state, and the depth of buy orders on the board is nearly 40% less than usual.
Retail investors, watching the sharp drop in the Japanese and South Korean stock markets, directly used market orders to stop loss or short sell around 75500 with one click. In this liquidity vacuum during the early session, retail investors' panic selling can easily trigger very deep small spikes.
But on Hyperliquid, the large addresses with the top positions have not made any stop-loss moves.
I pulled the real-time orders of these addresses: between 75000 and 75300, there are still dense limit buy orders totaling nearly 20 million dollars.
Professional funds clearly understand the market characteristics during this period.
They do not actively sweep up but place limit orders near the liquidation lines where retail long positions concentrate to be liquidated.
They use the liquidity from retail market order stop-loss selling to build positions at low impact cost; once the orders are fully filled, a rebound is just a matter of time.$BCH | LONG SETUP
BCH is trading at 276.93, gaining 1.75%. Relative buying strength makes this coin worth watching. Buyers need to defend demand and confirm continuation.
Entry: Bullish demand-zone retest
TP1: 1R
TP2: 2R
SL: Below demand invalidation
Market Insight: Look for a higher low and bullish BOS on 1H with 4H confirmation.#IRENQ1AICloudDelivery $XRP | LONG SETUP
XRP is trading at 1.2190, showing positive momentum. Buyers are attempting to maintain control. A confirmed breakout and retest could support bullish continuation.
Entry: 1H breakout and retest
TP1: 1R
TP2: 2R
SL: Below confirmed retest low
Market Insight: Watch resistance liquidity and confirm the 4H bullish structure before entry.#AAOIQ3800GOutlook BTC actually performed quite well during the day yesterday, but it dropped once around 8 PM, though the trading volume was not large, which is normal. After the US stock market opened at 10:30 PM, the situation took a sharp turn downward with continuous volume-increasing declines. Selling pressure kept emerging.
$BTC
The price consecutively broke through the two support levels mentioned in yesterday's daytime article, signaling that this breakout has failed.
The breakout pattern is very standard, and this is real. The sudden surge of selling pressure pushed the price back to its original state, which is also real. We can only accept this kind of market volatility.
#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
Fortunately, from yesterday's decline, I at least obtained the following information:
1. The selling pressure originating within the crypto circle is not large, as the non-US trading hours basically had no impact. The selling pressure was caused by indiscriminate risk asset reduction after the US stock market opened.
2. From the 4-hour chart perspective, there was a large volume drop in the evening, but after midnight, greater demand came in to absorb the selling pressure. This indicates that support and buying interest still exist.
3. BTC's daily drop was only 5.5%, lower than the Nasdaq, showing a clearly stronger performance.
Looking at the shorter 15-minute candlestick chart, this is constructing an even smaller cycle—a 15-minute level Wyckoff structure.
From the selling climax, to natural rebound, to shakeout, to a bullish pull-up. Actually, after every selling climax, the pattern is the same. This pattern occurs across various timeframes: 15min, 2h, 4h, as well as daily and weekly levels.
In the short term, just focus on when this new trading range TR chooses a direction.
If there hadn’t been a strong rebound on November 4, perhaps everyone’s sentiment wouldn’t have fluctuated so much. Because of yesterday’s rebound, and many friends increasing their positions, then having to reduce positions again yesterday, the inner anxiety is understandable.
Not to mention the drop yesterday was so large and fast, and the future is full of uncertainty.
My personal view is:
1. The breakout has been declared a failure; we must wait for the next one. But my original view on the market has not changed, neither the time window nor the direction for this month.
2. After yesterday’s breakout, I thought the early month would oscillate around 80k for turnover, but now it has fallen back, meaning the early month is stabilizing near the previous low.
3. If the US and Iran really start fighting again, there might be another dip, but that would be a buying opportunity.#AAOI高速光模块放量, can the Q3 financial report exceed expectations? What is triangular arbitrage? How to find opportunities by utilizing the price relationships among three trading pairs, and why transaction fees might turn theoretical profits into losses?
In the cryptocurrency market, different trading pairs within the same exchange sometimes exhibit temporary price discrepancies. Triangular arbitrage exploits these discrepancies by completing a sequence of three trades to exchange assets, attempting to end up with a greater amount of the starting asset. However, spotting price differences does not guarantee profitability.
First, what is triangular arbitrage?
Triangular arbitrage typically involves three trading pairs. For example, first use USDT to buy BTC, then use BTC to buy ETH, and finally sell ETH to convert back to USDT. If the final amount of USDT exceeds the initial amount, an arbitrage profit may be realized.
Second, why do arbitrage opportunities arise?
Prices of different trading pairs are determined by their respective buy and sell orders and may not synchronize perfectly in a short time. When the market moves rapidly or liquidity changes, temporary pricing discrepancies can appear among the three trading pairs.
Third, why might theoretical profits disappear?
Each trade may incur transaction fees, and consecutive exchanges are also affected by slippage, order book depth, and execution delays. Even if calculations show a positive return, by the time the third order is completed, prices may have shifted. Additionally, minimum order sizes and trading precision limits can impact the actual outcome. Major correction analysis: The "ultimate shakeout + V rebound" on 11-04 has been falsified as a bull trap #2! On November 5, the price first surged to 80,838 (only 1,041 points below the bull trap peak of 81,879 on October 29), creating a false impression of "breaking previous highs, bull market return," then plunged sharply to 75,448 (-5,390 points), closing at 75,653. The Delta on that day was -3.905 billion / 32.6 billion — the most extreme sell-off day since the six-week range battle, far exceeding the -2.165 billion / 71.8 billion on October 30 (by unit volume, the selling intensity on 11-05 was 2.3 times that of 10-30). On the morning of November 6, there was a slight rebound to 76,099, but the low volume of 3.6 billion indicates buyers have not yet entered. Is 75,448 a new panic bottom or a downward consolidation? This is the core question currently. 1. Dow Theory The bull trap #2 is confirmed, accelerating the Dow bearish trend: From the Dow perspective, 80,838 on 11-5 is the second bull trap peak after capitulation (the first was 81,879 on 10-29). The price plunged from 80,838 to 75,448, hitting a six-week low, closing at 75,653 below all previous lows. The Dow's "lower highs + lower lows" structure perfectly continues: High sequence: 81,879→81,076→80,838 (three-level decline, and 80,838<81,076<81,879 Democratic Party's big win, how will various sectors of the US stock market perform? In one sentence: increased fiscal spending, stricter regulation, greater volatility, and structural opportunities.
✅ Positive directions: New energy and clean energy will continue to benefit from subsidy dividends; healthcare services, consumption, and infrastructure industries will benefit from fiscal stimulus; the tech sector needs to watch for differentiation, AI software and applications are relatively favorable, but computing hardware will face antitrust and strong regulatory pressure.
⚠️ Directions to avoid: banking and finance, traditional oil and gas, real estate REITs, with greater policy pressure. Traditional manufacturing is neutral, with a differentiated market.
But there are two big pitfalls here that must be remembered!
First, if Congress is divided, many radical policies will not pass, which can easily lead to a rally followed by a pullback.
Second, fiscal stimulus can easily push up inflation, possibly delaying Federal Reserve rate cuts, and high interest rates will suppress overall stock market valuations.
Short-term: trade on expectations; mid-term: watch for bill implementation; long-term main themes: green power, power grids, inclusive healthcare, and domestic innovation.
⚠️ Note: This is only a scenario analysis and does not constitute any investment advice. #非农今晚揭晓，美股大跌后市场如何押注12月加息？ $BTC Capital flow is more honest than K-line
This round of decline doesn't look like a simple spike, but more like someone is withdrawing positions. The 1-hour data shows a net outflow of $132 million in BTC contracts, and $43.39 million outflow in spot, with leveraged longs retreating while spot buyers are not rushing to catch up. ETH contracts outflow $39.31 million, spot inflow against the trend $12.42 million, price is weak but there are signs of support. SOL is the weakest: contracts outflow $18.34 million, spot further outflow $6.05 million, both sides bleeding, short-term selling pressure not cleared.
The external environment is also unfriendly, with Nasdaq plunging and semiconductors sharply falling, global risk assets are deleveraging in unison, crypto is not acting independently. In terms of levels, BTC first watches $75,500–$76,000, ETH looks at $2,200, SOL looks at $88. At this time, chasing shorts risks a sudden rebound, bottom fishing lacks capital confirmation. Don't rush to guess the bottom, holding positions is more important than betting on a reversal.
$BTC $ETH $SOL
#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 Democrats took control of both chambers, the oil market once bet that Trump would end the Iran conflict faster. But on November 5, news came again of an oil tanker being attacked in the Strait of Hormuz. For shipowners planning their next voyage, this news is more direct than the seating chart in Washington.
The new Congress can pressure the White House through hearings, appropriations, and legislation. Currently still in the transition period, the Trump administration continues to lead foreign and military actions toward Iran. I will be watching whether the upcoming debates move into specific appropriations and operational constraints. There is still much to discuss between a lawmaker publicly opposing war and Congress reaching consensus on an enforceable measure.
What has been hardest for the oil market these days is that both sides have reasons. The election results make a ceasefire seem more likely, but attacks on shipping routes keep companies preparing for disruptions. Both assessments can be true simultaneously. Rather than guessing which side will take a tougher stance next, I want to know if shipowners will return to normal scheduling and if insurance terms can be relaxed. Only when these commercial decisions start to change can we see if Washington’s shifts have reached the Strait.
#美国新旧国会交接或影响美伊局势 Nonfarm payrolls will be released at 21:30 Beijing time. The market has just experienced a sharp drop and is easily hoping for weaker employment to ease expectations of a December rate hike. I want to see another scenario: what if employment is still decent, but the labor cost per unit of output is actually decreasing?
The preliminary Q3 labor productivity in the U.S. nonfarm business sector grew at an annualized rate of 3.6%, while unit labor costs fell by 0.7%. These two figures explain a commonly overlooked detail: workers can receive higher hourly wages as long as the output per hour increases even more, so the labor cost allocated to each product can still decline. Meanwhile, unit labor costs in manufacturing rose by 2.7%, indicating that the pressure felt by companies is not uniform.
Therefore, if tonight’s employment and wage data both beat expectations, I will first look at how much the bond market is willing to bet on a December rate hike, then see if subsequent inflation can support that judgment. A monthly employment report and a quarterly productivity preliminary estimate each answer different questions. The most frustrating market situation is when the first candlestick has already drawn conclusions for all the data, only to realize half an hour later that the market was actually debating something else.
#非农今晚揭晓，美股大跌后市场如何押注12月加息？ On November 5th, the S&P 500 fell 4.36%, the Nasdaq dropped 5.52%, and the Philadelphia Semiconductor Index plunged over 12%. The day before, people were still celebrating the election results, but the next day chip stocks were hammered like this. The market recalculated the AI infrastructure outlook and realized that many optimistic expectations hinged on one thing: data centers must be built on schedule.
From announcing investment to running models, a data center goes through approval, power connection, construction, and equipment installation. If any of these steps are delayed, procurement and delivery may also be postponed. After the election, investors began to worry that data center approvals and energy constraints would slow construction. Specific policies remain to be seen, but for stock prices that have already priced in years of growth, a delivery delay of several quarters means valuations need to be recalculated.
What I most want to see is whether chip manufacturers will adjust their delivery schedules in upcoming calls. If customers only move equipment in a bit later, that’s very different from customers directly scaling back project size, which has a much bigger impact on future revenue. With such a big drop in one day, the impulse to buy the dip will naturally arise. But the real difficulty in this round is figuring out how much of the previous price already assumed "everything on time" revenue.
#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 What truly threw the market into chaos was AI's borrowing model!
Continuing from the previous article. The election was just the fuse; the real amplifier of the decline was AI's financing logic.
AI data centers don't grow from profits; many companies expand by continuously borrowing. Now, with the 10-year US Treasury yield still above 5%, borrowing is getting more expensive. The bond market had already issued warnings, but no one listened when the market was good. Once the election variable came in, doubts could no longer be suppressed. In a high-interest-rate environment, growth fueled by borrowing is the first to be sold off. This is the fundamental reason for the collective retreat in this round of AI trading.
Next came the stampede. The sell-off spread from chip stocks to the entire tech sector, with money massively flowing into short-term US Treasuries, indicating this was not just portfolio rebalancing but an overall contraction in risk appetite. The Asian market, with the highest weights in AI and storage, became the hardest hit, with the Korean stock market experiencing its 11th circuit breaker this year.
The final link is leverage. The retail investors' long-short ratio has remained high recently, with longs crowded in. Once the price broke a key level, stop-losses and liquidations triggered in a chain reaction. 220,000 people were liquidated—not because the news was that bad, but because positions were too crowded.
So the complete logic is: the election changed regulatory expectations, triggering doubts about AI's financing model; high interest rates amplified valuation pressure; Asian heavyweight stocks faced a stampede; and leverage liquidations wrapped it up. Five events linked together.
#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 Zcash NU7 has been activated on the mainnet. Activation height 3,543,405, block time approximately 2026-11-06 02:34 UTC (Nov 5 18:34 PST), block hash 0000000000246a2b…ccd4a (ZecStats / Blockchair). Previously, we only issued a countdown; now the rule change is real. Effective immediately: block target 75s→25s (difficulty adjusts at normal speed, initial average block time about 55s after activation); block subsidy 1.5625→about 0.5208 ZEC, daily issuance unchanged, 21M cap and halving schedule roughly unchanged. ZIP 235: 60% of each block's fees go to NSM and exit circulation, miners keep 40%; reissuance (ZIP 237) starts at height 8,939,664 (around 2031). v4 transactions expire → about 12,224 ZEC in Sprout pool become unspendable (not destroyed). Nodes require Zebra 7.0.0 / Zakura 1.7.0+; wallet Zodl v3.19.0+. Watch: whether block time converges to 25s, NSM balance growth, exchange confirmation policies, Sprout residue and node upgrade rate. English: NU7 live at height 3,543,405 (02:34 UTC Nov 6)When I show newcomers the profits, I usually remove the rewards first. My judgment is that this kind of message tends to make people overestimate the strategy because the extra incentives are also counted as trading skills.
Ansem said he shorted $SOL on Pump, with reward incentives about half of the trading profits, and the attached image shows approximately $36,000. If we reverse calculate based on this, the trading profit is about $72,000, but the rewards should not be counted as money earned from shorting itself.
📌 A common mistake newcomers make is only looking at total income without breaking down the sources of profit. I separate trading and rewards in accounting before evaluating the strategy.$SKHY watching Hynix's 15-minute chart, MACD shows a bullish crossover below zero, red bars are expanding, indicating a short-term oversold rebound. According to channel theory, it was just forcibly pulled up from the lower boundary of the descending channel near 120, currently repeatedly testing the dense moving average zone above (128-130), with clear resistance at the midline.
But looking at the data, I get chills down my spine. The long position ratio is as high as 83.43%, with a long-short ratio of 5.04! In behavioral finance, this is an extreme herd effect, with retail investors stubbornly bottom-fishing. According to the Kelly criterion for position management, such an extremely crowded market with a poor risk-reward ratio must not be heavily bet on.
My judgment is: this rally is very likely a bull trap and shakeout by the main force. If the subsequent rebound lacks strength, there is a high probability of a downward spike to flush out these 83% long positions. Strategically, I will never chase the high; I will wait for it to reach the resistance near 130 and form a top fractal, then lightly short on the right side with strict stop-loss.$PUMP
Pump.fun co-founder has started exploring prediction markets, and the team is still recruiting for related business development. I'll note this signal, but I won't prematurely translate it as positive news for PUMP.
The company is exploring new business, and whether the token can capture revenue from this area is still separated by questions about the product, users, and cost attribution. Details are scarce now, and discussion heat tends to get ahead of the business facts.
OKX spot is about $0.00397, falling from $0.004343 in 24 hours, with a low of $0.003827; perpetual positions are about $22 million, with a fee rate of 0.01%. The price is still below the opening, and the position is not very crowded. Wait until the business really launches and the token value path is clarified before calculating how much this news is worth.
#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 $ZEC
NU7 has already been activated on the mainnet, and this time ZEC is not just about one less upgrade countdown on the calendar. Block time has been reduced from 75 seconds to 25 seconds, and Sprout has officially been shut down.
What I look at more closely is the fee allocation: 60% of the transaction fees per block are temporarily removed from circulation, and are expected to be paid back to miners around February 2031. Note, this is the transaction fee, not a cut to the block reward; this is not simply about calling it deflation.
OKX spot is about $1311, 24-hour low 1213.56, high 1335.68; perpetual positions are about $177 million, with a fee rate exactly 0.01%. The upgrade has been implemented, but leverage does not appear particularly crowded yet; let's first see if the new mechanism can retain users.
#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 At 00:00, an enormous volume pulled the price up against the trend, this is not a fake pump following the crowd.
Event: When the market $BTC dropped about 5.4% and $ETH about -7.6% in a day, at 00:00 a single transaction volume of about 5.66 million lifted the price from around 1.02, then at 05:00 it touched 1.16, and at 10:00 it surged again to a daily high of 1.18 before retreating to around 1.11.
Price: Approximately +8.5% for the day, significantly outperforming the market, the path was start → surge → retracement digestion, not a single spike to lure bulls.
Judgment: Nominal OI about 15.7M → 17.9M still expanding positions, funding rate still positive with longs paying — compared to weakness, this strong move looks more like digestion after a real start; fake pumps usually accompany position reductions, which does not match here for now.
$ETH #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 To be honest, in the past when I encountered news like "something happened, everyone is rushing," I easily mistook the sense of urgency for an opportunity. My mind was only filled with the fear of missing out, forgetting to ask: the money others are scrambling for is emergency funds, is that the same as me doing contracts?
According to PANews citing Cointelegraph, the President of Paraguay resigned after the collapse of Ueno Bank, and local people rushed to acquire US dollars, with $USDT trading at a 13% premium in the local P2P market. I see this more as an alarm signaling a hit to bank trust, rather than a general bullish sign for the crypto space: the rush for dollars reflects a demand for safe haven; the local P2P quotes cannot be directly applied to the global contract market.
This kind of atmosphere most easily causes ordinary people to mistake others' emergency costs for their own upside potential. I now follow two rules: if I haven't distinguished between local supply and demand and the entire market demand, I don't use news to boost my position; when I see abnormal premiums, I first check deposit and transaction conditions, and don't assume I can profit from the spread. Staying alive is more important than rushing to explain the market.I saw the new proposal from Optimism, and my first reaction was: who should we trust during the upgrade, and it needs to be reanalyzed again. The proposal intends to weaken the committee's power over independent chains. According to the proposed policy, transfers that meet the conditions can proceed without another governance vote, but this cannot yet be considered an executed rule.
If I were to write it as a strategy, I would set it as: if the proposal is implemented and the transfer conditions and authority boundaries are clear enough, then treat it as a signal of improved governance autonomy rather than directly as a positive price catalyst. 🤖
I think this matter is more important for users who rely on the upgrade mechanism. Reducing repeated voting may lower governance friction; weakening the committee's power may also give independent chains more autonomy. But autonomy does not equal security; the entity users rely on during upgrades changes, so the original trust judgment may no longer apply.
The loophole in this rule is that "meeting the conditions" cannot be judged only by the literal meaning. If the threshold is vague or if problems arise and responsibility is unclear, then having one less vote may also mean one less chance to correct errors. This is my speculation; simplifying the process cannot directly prove a reduction in risk.
As a quantitative newbie, I’m not in a hurry to label it as positive. Next, I will focus on the specific qualification conditions and upgrade authority, clarify "who can make decisions and who bears the consequences," and then update my judgment.Yesterday BTC just returned to $80,000, and today it fell back to $76,000. ETH dropped 7.7% in a single day, SOL is approaching $90 again, and the entire crypto market shrank nearly 5% within 24 hours. What’s more noteworthy is that the overnight crypto derivatives market saw liquidations exceeding $1 billion, with longs being the main victims. Meanwhile, the latest data disclosed for the US spot ETF has turned back to net outflows, and stablecoin supply continues to decline. But the market also shows a seemingly contradictory set of data: CryptoQuant analysis indicates that about 11,000 BTC were net withdrawn from exchanges in a single day, and the parent company of Kraken and its clients also disclosed acquiring AAVE positions. On one side, there is price decline, leveraged liquidations, and ETF redemptions; on the other, some assets are moving out of exchanges, and institutions continue to participate in DeFi. This indicates that the current market is not a simple broad retreat, but different types of capital are making different choices. The most important question today is: how much selling pressure was actually released by the over $1 billion in liquidations? And has the market already seen enough spot buying to absorb it? 📉 Market: BTC falls back to $76,000, ETH and SOL fall even deeper As of the CoinGecko snapshot at about 10:56 HKT on November 6: BTC at $76,003.48, down 5.60% in 24 hours. ETH at $2,240.06, down 7.70%. SOL at $90.11, down 6.50% A 13% local P2P premium, I prefer to see it as a signal of tight access to US dollars rather than an overall $USDT price increase. The report also mentioned that the President of Paraguay resigned after the collapse of Ueno Bank, and people rushed to acquire US dollars.
📌 Explaining a concept to newcomers: Stablecoins pegged to the US dollar do not mean your purchase cost is stable. If the normal exchange cost is assumed to be 100, a local premium of 13% means you have to pay 113. Under this assumption, if the premium later disappears, even if the coin itself remains pegged, converting back to local currency could still result in a loss. This is my scenario analysis, not a prediction of future trends.
When I guide newcomers, I emphasize: don’t treat high local channel prices as global market gains, and definitely don’t take them directly as contract direction signals. What else haven’t you understood: the local P2P is 13% more expensive, why doesn’t that mean contracts should also rise by 13%? Leave a comment to discuss.Today, focus mainly on two points.
At 4 PM (Hong Kong/Beijing time), about $2.7 billion worth of Bitcoin options on Deribit will expire. Previously, many people bought options betting on a rise to $82,000 to $85,000, but the current price is only $76,000, so these bullish bets are basically worthless, and the bulls are quite weak.
At 9:30 PM, the US will release the October non-farm payrolls, with expectations of an increase of 65,000 jobs and an unemployment rate of 4.2%. This is five and a half hours later than the settlement, so the "insurance" bought in the afternoon has already expired, leaving this period completely unprotected.
If the data is stronger than expected, the dollar and US Treasury yields will rise, and cryptocurrency prices will continue to be pressured.
In plain terms: don’t expect a rally in the afternoon; the real shock comes with tonight’s data. #非农今晚揭晓，美股大跌后市场如何押注12月加息？ $ATOM
Cosmos represents a different approach to blockchain expansion: independent networks communicating through shared infrastructure. Its ecosystem demonstrates how specialized chains can develop their own applications and economic environments. Nevertheless, ecosystem activity and ATOM token demand are not automatically the same thing. Understanding that distinction is essential when evaluating its long-term economic model.A US stock dropped 17% overnight. Someone who entered before the drop lost 5 million USD directly from their account.
The position was like this: long at 775.25 USD, nominal value 31 million USD. Micron (MU) hit a low of 650 USD, with an unrealized loss once reaching 5 million. Now it has rebounded to around 700, narrowing the loss to 3.12 million, but it’s still a loss.
Breaking down the numbers is interesting. With a nominal 31 million, dropping from 775.25 to 650 is about a 16% drop; the unrealized loss of 5 million is also about 16%. The two ratios are almost the same, indicating the position wasn’t leveraged — the loss is not a multiple, but a volume. Many people assume a whale’s huge loss means a contract liquidation, but actually, they just put too much money on one direction.
The rebound part is even more worth noting. From 650 back to 700, the price only recovered 50 USD, but the unrealized loss shrank from 5 million to 3.12 million, a difference of 1.88 million. Nearly 2 million USD depends on this 50 USD swing. This is the daily reality of heavy positions; even without leverage, it can pin you down.
The same logic applies to the crypto market. $BTC and $ETH have more frequent intraday fluctuations than a single US stock. Many fear leverage multiples, but what they really fear is overly concentrated positions. Even if the direction is right, if the position is too heavy, you still can’t hold on.
Finally, the math: MU needs to return to 775.25 to break even. Many people are calculating this themselves. "Qualified transfers do not require another governance vote"—reading this feels like a new community moving regulation: once the paperwork is complete, you’re good to go; there’s no need for the homeowners' association to applaud every single box moved. Optimism’s new proposal aims to save exactly this repeated approval process.
I tend to see it as an efficiency improvement rather than a direct decentralization accolade. The proposal intends to weaken the committee’s power over independent chains and will also change the main entity users rely on during upgrades. If the qualification criteria are clear and verifiable, then skipping a vote could mean skipping a round of waiting; if the criteria are vague, I worry it just shifts the dispute from "whether to vote" to "who counts as qualified." It saves a step in the process but not the disagreement. This is still just a proposal and shouldn’t be taken as already implemented.
Do you prefer an open and verifiable qualification channel, or retaining governance votes each time? I stand with the former: a fast lane is fine, but your driver’s license can’t be based on self-introduction 😂Oklo's commercialization outlook is "experimental reactors first, commercial reactors later." The success of the Groves experimental reactor and early revenue from isotope business have validated its engineering capabilities and provided cash flow, but do not change the fact that its core power business is not yet commercialized.
The true milestone for Oklo's commercialization is the first Aurora power plant obtaining full regulatory approval, completing fuel loading, and successfully connecting to the grid to sell electricity — according to the most optimistic official estimates, this milestone will be reached in 2028; however, based on industry experience and regulatory realities, 2029 is a more realistic expectation. Until then, Oklo will remain in a phase of high investment and zero (power) revenue — the "eve of commercialization."
#Oklo核能供电布局距离商业化还有多远？ The trigger for the crash is not in the crypto circle, but in Washington!
From last night to today, the crypto market has been really brutal. $BTC dropped five to six points, $ETH was even weaker, down eight points. By this morning, Bitcoin plunged directly to 75,200, Ethereum dropped to 2,205, and over 220,000 liquidations occurred across the entire market!
Let's start with the most direct trigger: the Democrats took key seats, the political landscape changed, and the market immediately began to worry about regulation. The direction the market is most nervous about is AI. AI was the hottest sector in the recent US stock bull market, and once that expectation was questioned, the sell-off began.
So you can see a very clear transmission: the Nasdaq fell nearly 6% overnight, setting a record for the largest single-day point drop; the Philadelphia Semiconductor Index plunged over 12%; the fear index VIX broke through 25, rising more than 45% in a single day. The choice of funds was very direct—not switching stocks, but withdrawing from risk assets and fleeing to short-term US Treasuries for safety. The size of US money market funds hit a historic record of 8.016 trillion dollars.
This sentiment crossed the Pacific in this morning's trading. The South Korean stock market fell more than 8%, directly triggering a circuit breaker; the KOSPI fell below 5,000 points; Samsung Electronics dropped 9.98%, SK Hynix fell 11.7%; the Nikkei also approached a technical bear market. The crypto market followed down to 75,200, which is not surprising at all.
But honestly, the election is just a matchstick. What really made this fire burn so big is another matter, which will be discussed in the next blog post by Beichen.
#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 Today, the crypto world is all about one line: getting beaten up along with the US stock market, but it's not their own fault. Last night, tech stocks crashed, with the Dow down -3.44%, the S&P -4.36%, the Nasdaq -5.52%, and the Philadelphia Semiconductor Index nearly -12% intraday.
The Democrats won big in the midterms, but the market fears AI will be heavily regulated, data centers won't be allowed to be built, and doubts that the invested money will be recovered, so everyone just fled.
When risk shrinks, crypto is the first to buckle: BTC flash crashed from above 81,000 to below 76,000, with leveraged longs liquidating in a chain reaction, wiping out over $1.1 billion across the network.
This morning, Asia-Pacific continues to fall, South Korea's market dropped over 8% intraday triggering a circuit breaker, the Nikkei about -5%, oil prices broke 91, and gold and silver also plunged — the whole market is retreating, not just one coin having issues.
Worse still, anti-crypto Sherrod Brown returned to the Senate, the CLARITY Act may be delayed until 2028, so regulatory hopes are dashed. Tonight's options expiration and nonfarm payrolls are still pending, so don't rush to bottom-fish yet. #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 #非农今晚揭晓，美股大跌后市场如何押注12月加息？ 💻 I will review this monitoring based on the code: The input is Core Trader 81 shorting $XYZ100 with 20x leverage, nominal position about $539,700. The action is clear, but I think it is not enough to constitute a complete bearish strategy.
There are three logical gaps: nominal value is not principal, roughly calculated by leverage, the initial margin is about $27,000, which cannot be considered as investing $540,000; no other positions are provided, so hedging cannot be ruled out, looking at this single trade may misinterpret the intent; also no exit conditions are given, so it is impossible to assess how much cost he is willing to pay for this judgment.
If it were me, I would add invalidation conditions and maximum tolerable loss to the strategy before reviewing whether to open the position, rather than just looking at the direction. How this position will be adjusted next is more worth observing than the shorting action itself; since the parameters are incomplete, I will not launch the strategy for now.📊 The Truth Behind Last Night's Sharp Drop | Election Sparks Panic, Leveraged Longs Suffer Heavy Liquidation
Last night's (early November 6) plunge was a precise squeeze triggered by macro-political upheaval and amplified by high-leverage liquidations.
Trigger: Midterm elections ignite AI regulatory panic.
The Democratic Party's control of Congress caused extreme market fears of tightened AI industry regulations and restrictions on data center construction, leading to a collective crash in AI tech stocks. Crypto assets, as highly volatile risk assets, were sold off in tandem, causing liquidity to dry up instantly.
Amplifier: $1 billion long positions "bloodbath".
The sharp price drop triggered a chain reaction of liquidations. Over the past 24 hours, more than $1.03 billion in liquidations occurred across the network, with over 90% ($920 million) being long positions, and nearly 200,000 traders forcibly liquidated. BTC briefly dipped to 75,558, ETH fell below 2,240. Sell orders from forced long liquidations further crushed the market, creating a vicious cycle of "price drop → liquidation → further drop."
Background: ETF funds continue massive withdrawals.
The market was already extremely fragile before the crash. In the past 7 days, BTC spot ETFs saw net outflows of $1.12 billion, ETH outflows exceeded $420 million. BlackRock's IBIT had a single-day outflow of over $400 million, with institutions choosing to exit amid macro uncertainty.
In summary: The election result triggered AI regulatory panic that crashed the market, compounded by extreme long crowding, causing this deleveraging disaster. Although long leverage has been significantly cleaned up, do not blindly catch falling knives before tonight's nonfarm payroll data is released. Although the 6th of each month is the token unlock date for core contributors (for example, about 9.92 million HYPE tokens were unlocked on November 6), on-chain data shows that the vast majority of core team members and early contributors did not immediately claim and liquidate their tokens on-chain after the unlock. The claim rate in recent months has been less than 2%, indicating that market concerns about "unlock dumping" are often exaggerated, which easily leads to a short squeeze where "bad news turns into good news."11.6 SOL Morning Analysis:
SOL is gradually selling off in batches around 90.0/92.0, targeting 87.0/85.0
The SOL market surged to 98.16 but faced resistance and weakened, then continuously declined to test the low at 88.24 before stabilizing and rebounding, forming a corrective consolidation structure after a major drop.
After the new low was hit in the downward move, the selling pressure eased, with support at the low level, and the rebound gradually lifted the lows, indicating a recovery phase after the major drop. There is no rush to chase the rebound, nor to hastily follow the trend; wait for structural confirmation before looking for suitable signals.
The market changes rapidly, and the trend can break the current rhythm at any time. Trading must control positions carefully; without clear signals, remain on the sidelines. $SOL #非农今晚揭晓，美股大跌后市场如何押注12月加息？ $BTC delivery hasn't arrived yet, staring at the big coin's trend, I quietly swallowed my saliva. It dropped straight from 81199 to 75143, this roller coaster is indeed fierce, but now it's stuck around 76140, about to stir things up again.
【Hardcore Review】
Switching to the 15-minute chart, MACD formed a golden cross below the zero line (DIF -60.4, DEA -107.4), and the price is just stuck between MA20 and MA60. Looks like an oversold rebound, but it's actually a classic "dead cat bounce."
【The Battle Behind the Data】
Looking at the data in Chart 2, I gasped sharply—bulls account for as high as 73.61%, long-short ratio 2.79!
What does this mean? Retail investors are so bearish, yet they're all frantically bottom-fishing! Combined with the saying we often use, "the short is the long, the long is the short," this 73% bulls are "human fuel" in the eyes of the big players. From behavioral finance perspective, this is loss aversion; retail investors always think the bottom is reached, but the main force will never let so many people break even together.
【My Operation Plan】
This position is extremely awkward now, neither up nor down.
1. Absolutely no chasing shorts: 15-minute MACD just formed a golden cross, there's still room for a short-term rebound, don't get trapped halfway up the mountain.
2. Patiently wait for the right side: keep a close eye on the upper MA60 (76735) and previous resistance levels. As long as the rebound is weak or a small-scale bearish divergence appears, that's my best chance to short with the trend.
3. No shooting the eagle without seeing the rabbit: as long as this 73% bulls are not completely crushed, the big coin won't rise.#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
$BTC $ETH $SOXL
Recently, the US stock market experienced a sharp sell-off, with the technology growth sector weakening across the board and the Philadelphia Semiconductor Index closing significantly lower. It recorded the largest single-day drop since March 2020, marking a deep correction in the current strong rally of A-chip stocks.
This major decline was triggered by multiple negative factors resonating simultaneously. First, strong US economic data quickly cooled market expectations for rate cuts, US Treasury yields rebounded, and high-valuation technology and semiconductor sectors came under clear pressure, with capital fleeing from high levels. Second, the previously hot AI industry chain showed signs of demand slowdown, leading top companies to issue earnings guidance below expectations, and the market’s optimistic sentiment for long-term high growth in A-chip stocks rapidly faded.
On the market front, leading chip stocks collectively plunged, AI chips, memory chips, and computing power-related stocks led the Nasdaq decline, and panic spread quickly, driving a sharp pullback across the entire technology sector. High-valuation growth stocks that had risen continuously on A-chip themes faced valuation corrections and bubble clearing.
This sharp drop signifies a complete style shift in the US tech market. The one-sided rally has ended, and the sector has entered a phase of high volatility and adjustment. This round of correction also delivers an important warning to the market: thematic speculation cannot support stock prices long-term, and valuations detached from fundamentals will inevitably return to rational levels. Investors must respect market risks and be cautious about chasing highs. The market often says that the darkest times are usually just before dawn. Brother Babai and many top influencers have already cut losses and exited. Recently, the market has been in a one-sided sell-off, hardly giving any chance for a rebound or pullback.
Anthropic is deeply tied to the storage and semiconductor supply chains, with strategic investors including SK Hynix and Micron. If Anthropic's upcoming earnings exceed expectations, it could help restore market demand expectations for HBM and AI storage, leading to a sector recovery; conversely, if earnings fall short, it will further suppress the sector's valuation.
The Philadelphia Semiconductor Index recorded its largest single-day drop since March 2020. SOXL, SanDisk, and SK Hynix all experienced violent sell-offs, with concentrated selling pressure released. Many bulls couldn't withstand the pressure and chose to cut losses. In the short term, market sentiment has entered an extreme panic zone.
From the market perspective, after continuous sharp declines, there is a slight short-term resistance rebound. Currently, it is a phase of concentrated panic selling.
Based on market characteristics, there is a probability of entering a bottoming range, but it cannot be confirmed as the bottom yet.
Market panic selling and capital hesitancy to enter are common features of a bottom,
but risks remain: AI regulation and expectations of reduced capital expenditure will continue to suppress the sector.
Don't be overly frightened by consecutive large bearish candles; you can observe in batches and selectively buy on dips rather than going all-in at once.
The long-term logic of the semiconductor storage sector has not been completely disproven. This round of sharp declines is mainly due to emotional stampede and valuation cuts, but also be aware that if AI capital expenditure continues to be downgraded, fundamentals will remain under pressure.
#美国中期选举：民主党赢得国会两院控制权 Pushing patients who haven't had preoperative consultations directly into the operating room where cardiopulmonary bypass is ongoing—that's the harsh reality most newcomers face when entering this market.
The essence of this announcement is a collective preoperative education. It calls on those who have already undergone thoracotomy to lay out complications, nights of suture breakage, and the panic in the postoperative ICU on the table. I've practiced cardiac surgery for twenty years, and what I value most has never been reports of successful cases, but rather mortality and complication conferences—beautiful presentations only prove the surgeon's steady hands; only failed cases can reveal the true heartbeat curves.
But the biggest misjudgment of novices is treating "there are no stupid questions here" as a disclaimer. On the operating table, a silent assistant is more fatal than bleeding. Asking questions is preoperative assessment, lab tests, coronary angiography; not asking is like going on stage with an undiagnosed aortic dissection—once blood pressure fluctuates, there is no window for rescue.
Look again at the linkage between tokenized US stock targets and their parent stocks, like a xenografted heart valve: homologous in hemodynamics, but rejection comes from the clock. The parent stock's open and close are regular sinus rhythms, but on-chain it's 24-hour atrial fibrillation with no true diastolic phase. Placing stop-loss orders on the other side at night is like waiting for a defibrillator to charge during cardiac arrest—before the shock, the myocardium is already irreversibly damaged.
The price crash is just a symptom. What really needs biopsy is perfusion: ventricular wall thickening caused by leverage, decline in flow perfusion pressure, autonomic nervous system disorder under extreme market conditions. The community inviting top traders for Q&A is like senior doctors teaching juniors, but teaching can never replace intraoperative judgment—the hands are yours, the forceps are yours.
The most dangerous patient is never the one who asks questions, but the one who says "I'm fine" while their ECG already shows ST-segment elevation.
Those who survive on stage are not the ones who ask the most questions, but those who hear blood flow changes before the monitor alarms. #newherestarthere$BTC After the US midterm elections landed this time, the market initially responded positively because the uncertainty about who would be in power was eliminated, so it rose first. But then the market started to do the math: the Democrats won big, and Trump's Republican Party lost both the House and Senate. The new Congress tends to end the Middle East war quickly, so oil prices plummeted; at the same time, the new Congress also tends to reduce AI data center construction, so US AI hardware stocks weakened. The result is that the election only solved "who is in power," but did not solve "what will sustain economic growth next." The market quickly shifted from the post-uncertainty rally to concerns about weakening investment expansion and aggregate demand. Growth concerns amplified, and the market turned down again. Bitcoin's short-term intraday support is near 75,000, with short-term resistance near 77,000.
$SNDK The essence of this storage plunge is that the chain "AI data center unlimited expansion → storage permanently scarce → price increases perpetual" was simultaneously cut by political risks and capital expenditure concerns. SanDisk, because of its high data center revenue proportion and valuation based on optimistic supercycle assumptions, became the most concentrated outlet for emotional venting. As for whether this is a deep correction within the supercycle or a signal of the cycle peaking, there is still significant divergence. JPMorgan still expects that by 2027, AI capital expenditure by hyperscale cloud providers will increase to $1.5 trillion. The long-term demand story is not dead, but the market clearly requires evidence that "commitments turn into construction sites" before it is willing to reprice.$SNDK At 11 AM, watching SanDisk's trend, I wiped a cold sweat. Just yesterday I shouted "SanDisk at 800," and last night it precisely dropped to 793.7! But today's deep V-shaped rebound pulled back directly to 876, a rise of over 5%, practically stuffing flies into the bears' mouths.
【Hardcore Review and Theoretical Deduction】
From the 1-hour chart in Figure 1, the MACD stubbornly formed a golden cross below the zero line, with the red bars expanding. From the perspective of Chan theory, this is a "central pivot pullback confirmation" triggered after breaking below the 1000-level pivot and rapidly probing downward. But this is definitely not a reversal, because the MA20 and MA60 above (838/866) still press down like Mount Tai, diverging downward.
What makes my scalp tingle is the data in Figure 2: the proportion of long positions soared to 87.39%, with a long-short ratio of 6.93!
Combined with behavioral finance, this is an extreme case of "loss aversion" causing collective blind bottom-fishing. After the drop to 793 last night, retail investors all thought "it's the bottom" and crazily caught the falling knife. How could the main force, seeing this 87% fat meat, directly push the price up? This rally is very likely to fatten these longs and simultaneously wash out the floating short positions chased last night.
【My Operation and Reflection】
Looking at my own operation marks in Figure 1, that -7.32 stop loss is vivid in my mind. This is the lesson! The violent rebound after an oversell is the most deadly. According to Kelly formula position management, I admitted my mistake and exited.
Now I'm not in a hurry, strictly executing right-side trading. I keep a close eye on the 900 whole number resistance and moving average pressure above; as long as the rebound is weak, in operation $BEAT Damn, is it still not dropping? 0.1 has been stable for so long. The 4-hour moving average is very steady. Is it still going to surge? Should I keep holding the position?
OKX BEAT Long-Short Ratio (Core Structure)
Retail investors: ↓ 2.06 → Bullish
Number of large holders: ↓ 1.30 → Bullish
Large holders' positions: ↓ 0.88 → Bearish
Main force inclination: Bearish
On-chain (Arkham) observation
Major holdings are highly concentrated: TransparentUpgradeableProxy address holds about 30%, multiple Proxy addresses together hold over 50% of the supply.
Gate cold wallet, Genesis Sale Proxy, etc. also have significant holdings.
Around the 1st of each month, about 17–22M BEAT (about 5–6% of total circulation) unlock, involving Community, Advisors, Foundation, Team.
There will be continuous pressure in December and January.
Project progress: There is a token burn mechanism, but supply pressure remains
$BTC $ETH #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