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#现货黄金跌破4000美元关口
The boss has something to say
Spot gold has fallen below the $4000 mark, dropping about 4% this week. The Middle East situation persists, but the safe-haven demand can't stop the gold price from falling.
Why the drop? Inflation concerns driven by rising oil prices, combined with changes in interest rate expectations, are suppressing gold. More importantly, market volatility has created liquidity needs, causing some investors to sell gold to raise cash. Once liquidity dries up for high-level assets, they get used to cover holes.
I believe this round of gold decline is the trigger for "rate hikes reloading." The comment in the discussion section is very accurate: with oil prices soaring, the crypto market is taking the hit for inflation. When Brent crude burns, the Fed's rate cut script goes up in smoke. Safe-haven funds are not buying crypto; both gold and BTC are falling, indicating the market is trading on tightening expectations.
In this environment, BTC is unlikely to remain unaffected. ZEC short positions might recover before long positions because the macro outlook is bearish.
BTC took a waterfall drop last night; now we watch if the 80,000 level can hold. If it doesn't, expect a deeper pullback, with resistance above at 84,000 to 85,000. Don't chase the rally or kill the dip; set your stop losses properly. $BTC $ETH $IRYS
The above analysis is time-sensitive; always set your stop losses. Good luck.To be honest, whenever I used to see news about mining companies selling coins, the first thought that popped into my head was: Did they know something in advance? Later, I realized that taking someone else's business moves as your own directional signal is a trap in itself.
This time Bitdeer disclosed on X that as of October 23, it produced 283.4 BTC this week, all of which have been sold, resulting in a net increase of 0 BTC. Currently, their Bitcoin holdings stand at 0 BTC, excluding customer deposits. Seeing "zero holdings" does tend to make people lean toward a bearish sentiment on $BTC.
My judgment is: selling coins brings supply, but this news as a bearish basis carries limited weight. What was sold is this week's production, which cannot be directly interpreted as suddenly liquidating a large amount of historical inventory; moreover, data from a single mining company does not simultaneously tell us how the market demand is absorbing it, so it cannot be used to infer the direction of the entire market.
This reminds me of the kind of market atmosphere where everyone looks for reasons to justify price rises or falls based on news. The most common mistake ordinary people make is translating "they sold" into "I must rush to short," missing several layers of judgment in between.
Now I stick to two rules: when seeing mining companies selling coins, first distinguish between production sales and inventory changes; a single piece of information does not trigger contract opening positions, no matter how urgent the sentiment is. Have you ever been misled by news like "mining companies selling coins"? Would you be willing to share a rule you later established?IRYS has completely ignited the altcoin market this weekend. Damn, we were just discussing yesterday whether to short it after a 100% rise, but it suddenly surged to 0.16873 overnight, more than 8 times the intraday low.
Opening the gainers list today, things are heating up. BIRB is up 85%, BMT up 60%, IRYS had a sharp pullback but still gained 43% in 24 hours, INU up 41%, and ERA also rose 25%.
BTC is still struggling around 81,000, ETH can't even hold 2400, but these altcoins are all showing strong momentum.
I feel many small-time manipulators are getting restless. IRYS's huge pump last night drew all liquidity and attention to it, and the trading funds for other small coins are probably drooling. Especially on weekends when the order book is thin, even a bit of concentrated capital can push the candlesticks to look extremely exaggerated.
What worries me most now is that once this money-making effect spreads, everyone will start hunting for the next IRYS across the market. A 30% rise gets no attention, 80% starts attracting followers, and once it doubles, the whole network is talking about it.
But I haven't forgotten when IRYS crashed back from 0.16873 to around 0.12 last night—the crazier the pump, the scarier the dump.
I'm planning to keep watching the weekend altcoin gainers list, especially those small coins that suddenly show volume spikes and continuously break previous highs.
BIRB and BMT have already moved today; will it be the turn of others next?The derivatives tape is telling three different stories about the same market. Liquidation data for $HYPE, $XRP and $ZEC over the past 24 hours shows a combined washout running into the millions, but the composition of that damage matters far more than the headline totals. $HYPE presents the cleanest one-sided flush. Roughly $2.40 million was liquidated over 24 hours, with about $2.29 million of that from long positions and only $110,700 from shorts. The one-hour window sharpens the picture: $10The Monetary Authority of Singapore (MAS) has just expanded their BLOOM project, increasing participants to 3 central banks, 24 industry members, and the World Bank Group, while $RLUSD remains the only Token specifically named in the project. Ajian explains to friends who don't understand that this project mainly focuses on Tokenization and blockchain applications in financial markets, with Ripple responsible for testing the integration of RLUSD with Unloq, which is quite significant. If real trade settlement, cross-institution collateral, or capital market transactions can truly emerge later, it might even have an impact on $XRP 🤔 Bitcoin is getting stronger and stronger
Trends from the end of 2021 to now in 2026
Total crypto market cap was 2.97 trillion USD in 2021,
2.76 trillion USD in 2026, a slight decrease of about 7.1%
BTC market cap was 1.13 trillion USD at the end of 2021, now 1.66 trillion USD in 2026, an increase of about 46.9%
BTC's share was 38.0% in 2021, now 60.2% in 2026, a significant increase of 22.2%
Other tokens had a market cap of 1.84 trillion USD in 2021, now 1.10 trillion USD in 2026, shrinking about 40.2%
Interpretation behind the data
1. Significantly strengthened dominance: Bitcoin's market share jumped from 38% to 60.2%, indicating that amid overall crypto market fluctuations, funds tend to concentrate more on Bitcoin, further reinforcing its "leader" and "digital gold" attributes.
2. Counter-trend expansion: Although the total crypto market cap slightly decreased from 2.97 trillion to 2.76 trillion, Bitcoin's own market cap increased from 1.13 trillion to 1.66 trillion, demonstrating strong resilience and growth capability.
3. Relative decline of altcoins (other tokens): The total market cap of other tokens sharply shrank from 1.84 trillion to 1.10 trillion, with their share dropping from 62% to 39.8%. This reflects market funds withdrawing from higher-risk altcoins The market sentiment remains tense this afternoon. In the past 24 hours, the entire network liquidated $498 million, with $340 million in long liquidations and $158 million in short liquidations; the bulls are still bleeding continuously. BTC briefly plunged and is now hovering between 80,947–81,212, with 80,515 as the key support below. If it fails to reclaim 81,200 above, any rebound is just a paper tiger. ETH is tugging around 2,380, with 2,376-2,337 as the first support zone, 2,313 as the bottom line, and 2,417-2,461 as strong resistance above. If it can't break above, the bearish logic remains unchanged. SOL is the weakest; the Fibonacci level at 102.09 is close to the swing low of 100.43. Breaking below 100 points directly to 80, while the two resistance levels at 107.65 and 110.91 are tightly suppressing it.
The short position average price for ETH at 2383.26 is exactly stuck at the lower edge of the key resistance zone between 2,376-2,417. Keep a close watch on 2,350. If ETH cannot fall below or shows signs of stabilizing in the 2,350-2,383 range, short positions should take profits and not be greedy for the last bit. If BTC simultaneously breaks below 80,515, ETH will likely break below 2,350 as well, at which point short positions can be held with targets down to 2,313 or even lower. Use 20x full position leverage, do not hold losing positions, do not add to positions, and take profits when possible.
In short: Shorting at the upper edge of the resistance zone is a smart move, but even smart trades need to exit quickly. If BTC breaks 80,515 and ETH breaks 2,350, your short positions will yield big profits; if they hold, take your gains and secure them.#Robinhood交易业务增长能否延续？ Trading Notes on the October 24 Earnings Report｜The crazier Robinhood users trade, does the platform make more money?
Robinhood will release its Q3 earnings after the U.S. market closes on October 27, early morning Beijing time on October 28.
Analysts expect revenue of about $1.44 billion and earnings per share of $0.56.
More noteworthy are the trading data for the first 24 days of September:
Stock trading volume was about $267 billion.
Options trading was about 234 million contracts.
Crypto trading was about $17 billion.
Event contracts traded about 4.4 billion units.
This company is transforming from a stock trading platform into a multi-asset trading and prediction market gateway.
But large trading volume does not necessarily mean profits grow in sync.
🔮 Trading Plan
15 minutes: After the earnings report, wait for the opening range to form; do not chase the first sharp rally.
1 hour: Watch for a volume breakout above the range high, then observe if the uptrend continues; if it breaks below the low and the rebound fails, guard against pullbacks.
4 hours: Combine earnings guidance and trend direction to decide whether to continue holding.
Retail investors are responsible for trading; the platform is responsible for operations. What really matters is how much profit Robinhood ultimately retains after the trading frenzy.
Are you more optimistic about its crypto business or the prediction market?
$HOOD The annualized staking yield for SOL is currently around 7% to 8%. Many people only know there is a yield but don't know where it comes from. The sources are twofold: one is network inflation issuance, and the other is transaction fees.
Network inflation is the Solana protocol proportionally issuing new SOL. The newly issued portion is distributed to validators and delegators according to their staking proportion. This yield is not wealth created out of thin air; it is obtained by diluting all SOL holders. Those who stake receive the newly issued SOL, while those who do not stake have their holding proportions diluted. So, the essence of staking yield is: reclaiming the share that would have been diluted by staking.
The transaction fee part is the base fee paid for each transaction on the network, distributed according to validator weight. When Solana processes thousands to tens of thousands of transactions per second, this yield becomes considerable; when on-chain activity is low, the transaction fee portion to be distributed is very small.
Together, these two parts mean that the real significance of staking is that holding and staking SOL can outpace inflation dilution, effectively preventing your holdings from shrinking; if you don't stake, your holdings will be diluted by the inflation issuance proportion each year.
$SOL is currently around 102.5. If holders do not stake their SOL, their nominal holdings remain unchanged, but in reality, they are diluted by more than 7% annually. Staking is not extra income; it is reclaiming the portion that originally belongs to you. [Crypto Circle Script]
#Middle East crude oil supply risks rise again, oil prices continue to strengthen
This crude oil really knows how to find reasons
Prices rise when supply is tight
Prices remain high even when supply recovers
BTC dropped directly to 80456 this morning 📉
Now worries about conflict start again
Anyway, there’s always a reason for prices not to fall
This is interesting
More and more oil tankers are running
Yet oil prices remain high
Before, the worry was no oil to buy
Now the worry is oil can’t be transported even if available?
To put it simply
The market isn’t afraid of oil shortage today
But sudden supply cut-off tomorrow
After all, the Strait of Hormuz is too important
A large amount of global oil transport passes through here
If the situation escalates again
Even if oil fields don’t stop production
As long as transportation is affected
Crude oil supply could face problems
So now in oil prices
There’s not only supply and demand
But also market concerns about future conflicts
What’s more troublesome
Is that long-term high oil prices
May push inflation pressure up again
The U.S. wasn’t in a hurry to cut interest rates anyway
Now energy prices add more pressure
For BTC and U.S. stocks
This is not good news
But risk premiums
Come fast
And may go fast too
If the situation eases later
Transportation continues to recover
The previously inflated risk premiums
May quickly fall back
So what’s most worth watching now
Is not how much crude oil rose today
But whether the Middle East situation will continue to escalate
Brothers, what do you think?
Can this wave of oil prices keep rising
Or has the risk already been fully priced in?
$BTC $ETH $IRYS Western Digital's report of customers discussing supply needs for 2030-2031 is encouraging, but it establishes interest rather than contracted demand or margins. The rebound in SK Hynix and Micron therefore reads as a reset in expectations, not proof that AI memory pricing has turned. Capex discipline will decide how much demand reaches profitability.
#AIMemoryDemand Operation on 10.24: Short positions are the path of least resistance, beware of bull traps
After breaking on 8.1, although it didn't drop further, crypto has already shown a weak pattern against US stocks
The capital market faces triple troubles of inflation + stagflation + expected returns, so we see various major assets moving in a very conflicted way:
US stocks - tech fell then recovered, consumer stocks fell, the main trading theme shifted from expected returns to inflation
US Treasury yields - fell to 4.9 then rebounded to 5.0, funds want to hedge but fear inflation
Gold - the only one continuously falling, everyone fears risk but it's not yet at a safe haven level
In terms of attributes, #BTC is right in the middle of several asset classes. So trading volume and turnover rate have been low these two days, which is why no clear direction emerged after the 8.1 breakdown. The situation is still bearish, but it's not recommended to bet on direction. Better to wait for 80,000 or after 8.2 to follow the trend SK Hynix's Q3 report, what I most want to hear about is the mass production yield of HBM4, not just how many orders were secured.
The company is scheduled to announce its Q3 results on October 28. Whether HBM4 can boost quarterly profits cannot yet be concluded in advance.
New products are priced high and naturally attractive, but how many qualified products can be produced during manufacturing also affects costs. Especially with complex stacking and packaging, after securing orders, stable delivery is required to truly demonstrate profitability.
SK Hynix has previously emphasized the importance of yield, quality, and supply capability. This time, I am more eager to see whether these advantages continue after the new generation product ramps up.
If revenue growth is accompanied by cost control, that growth will be more convincing; if higher costs are incurred to meet delivery deadlines, profit improvement may be slower than the market expects.
I am optimistic about HBM demand, but it is no longer easy to be directly impressed by the words "next-generation product." Competitors are also advancing technology, and customers will ultimately compare performance, price, and supply stability.
What truly makes me willing to raise my evaluation is the company's ability to repeatedly deliver complex products on time and with quality. Everyone gets excited when parameters are released, but after the financial report comes out, we find out how well the factory is performing.
#SK海力士Q3财报在即，HBM4能否提振盈利？ [Q4 Demand Review: Macro Raises Prices, Three Functional Modules Roll Back Together]
Middle East Brent crude closed at $116.72, a six-week high; WTI stands above 103, and the probability of a 25bp rate hike in December has been pushed to 74.8% by CME. The demand description is just one sentence: risk assets first take a step down.
Module A · $BTC: Current quote around 80,900. User feedback data is very divided—net inflow about 1.07 billion in the first three days, single-day outflow of 635.6 million on Thursday, wiping out nearly 60%, and cumulative net outflow of about 176 million in October. Conclusion: inflows are gray-scale testing, not official volume release; price hasn't collapsed because selling pressure hasn't increased, not because of any bottom-support logic.
Module B · $ETH: 2,383, repeatedly testing the 2,400 level. ETF side cumulative outflow about 1.18 billion in October, with BlackRock's ETHA as the largest outflow source. But staking side’s network share at about 36% hits a record high; whales are locking up, ETFs are redeeming, the same asset running two sets of KPIs.
Module C · $SOL: 102–103. Alpenglow launched, finality compressed from 12.8 seconds to 150 milliseconds, version delivery quality is fine; price fell from 108 to 104, ETF had net inflow only on two trading days in October, cumulative outflow about 68 million. Typical "feature launch equals user loss."
Review conclusion: When macro changes, the three modules first absorb a round for the entire system. ETF buying is maintaining stability, not driving growth.$XRP
Retracement is greater than BTC, how can payment use become support?
In this morning's spot snapshot, XRP's 24-hour price change was -1.31%, ranging from 1.2818 to 1.3308 USDT.
Payment adoption does not necessarily correspond to long-term holding. With fast settlement turnover and short capital retention, business activity may increase, but secondary market buying may not increase proportionally.
Verify the actual use of the token and sustained demand; if there is only business exposure while the relative price continues to decline, the payment narrative cannot be used to explain undervaluation in the short term.The most outrageous coin these past two days has to be $IRYS, which surged nearly 250% in 24 hours with a trading volume of over a billion dollars 🤯
But I really don't recommend chasing it now. On the 1-hour chart, the day before yesterday it was just above 0.02, then volume picked up starting at 11 PM last night. At 3 AM, the upper wick shot up near 0.40, then in the same hour it was slammed back down to 0.11, and later dropped to 0.060. At 9 AM it pulled back up to 0.128, now hovering just above 0.09. Chasing this kind of movement is basically carrying the bag for others.
My own plan is to wait for a pullback:
0.083 was the low at 11 AM, I’ll place long orders between 0.0835-0.0855.
Stop loss at 0.0775; if it falls back to the 0.07 platform from this morning, it means the hype is gone and I’ll admit I was wrong and exit.
Target 1 is 0.103, the high at noon; Target 2 is 0.1125, the high at 10 AM. I’ll take half off at Target 1 and move the stop loss to break even on the rest.
This coin can move 20% in one candle, so I’m only using half my usual position size. If it breaks 0.0775 without looking back, I won’t touch it; if it doesn’t pull back and rockets straight to 0.103, I won’t chase either. The funding rate is only 0.0025%, longs aren’t crowded yet, and that’s the only reason I’m willing to participate.
Will you catch the pullback here, or think these meme coins are not worth touching?
Just my personal opinion, not investment advice, DYOR
#IRYS #ContractStrategy #MemeCoinIn crypto, liquidity can matter just as much as price.
An asset may show an attractive market price, but if trading activity is thin, entering or exiting a large position can move the price against you.
Before judging a token by its chart, consider its trading depth, spreads, and the size of the position you want to take.
A price is only useful if you can trade near it.Countdown 3 days: The outcome of the October meeting is basically written, the risk is in December
FOMC meets next Tuesday, and the market pricing has tilted even more: the probability of no change is about 92%, with rate hikes only in the single digits remaining. This meeting has no dot plot, so the decision itself holds little suspense; the key is what Powell says at the press conference. The real change is later: a Reuters survey of 100 economists shows all expect another rate hike in December, whereas less than half held this view a month ago. There's also a new variable in the middle — Brent crude rose 6% in a week to 116.7, and if oil prices don't retreat, the risk in December will only grow bigger. My stance remains unchanged: BTC won't move unless it breaks 80,000, waiting for Wednesday's statement and Powell's words. #10月FOMC临近，美联储暂停加息还有哪些变数？ $BTC 🍱 Four coins at noon on Saturday, each linked to what
$BTC 82300, weekend position management is more important than price prediction 📈
Before the interest rate decision next Tuesday, 82300 is a middle ground, neither bulls nor bears have the advantage. My approach is not to add or reduce positions over the weekend, saving bullets for Tuesday. If you already hold on Friday, don’t watch over the weekend; it’s pointless.
$ENA 0.1927, what’s the difference between USDe and USDT 🌬️
USDe is synthesized by Ethena using a collateral portfolio, without holding USD cash, earning basis income for holders by going long spot and short futures. Those buying at 0.1927 seek extra yield, not just a stablecoin.
$HYPE 80, what’s the difference between on-chain order books and AMM 📊
Hyperliquid is a real order book where buyers and sellers place orders directly for matching, similar to traditional exchange experience. The 80 token is the platform’s fee share distributed to holders; the more active the on-chain trading, the more it benefits.
$SOL 104, what applications are hottest in the ecosystem now 🚀
Recently, the most active on Solana isn’t DeFi but memes and micro-payments. This chain is fast and has low fees, naturally suitable for high-frequency small applications. At 104, the ecosystem is hot, but the price hasn’t fully reflected it yet.
This article is for market analysis only and does not constitute investment advice.
#Coinbase integrates Deribit, can Q3 revenue improve?⚠️ Big Brother Maji's position this time is clearly playing "long-short hedging," but the real danger might be $HYPE.
The latest perpetual positions show a total scale of about 58.04 million U, with BTC short, ETH long, and an added HYPE short position, making the overall setup look more like hedging market volatility with positions in different directions.
📌 BTC: Short
About 244 BTC, nominal value 19.87 million U, 40x full position; average price around 84070, currently floating profit about 640,000 U, liquidation line near 106241.
📌 ETH: Long
About 7224 ETH, value 17.35 million U, 25x full position; entry around 2500, currently floating loss about 710,000 U, liquidation price about 1537.
📌 HYPE: Short
About 268,000 tokens, position about 20.82 million U, 5x full position; cost near 66.24, currently floating loss already exceeding 3 million U, liquidation zone near 98.35.
The most worth watching is still the HYPE short: the floating loss scale is far higher than the other two, and if the price continues to rise, the short position may face further squeeze.
So this combination cannot be simply understood as "bearish on the market," but more like directional speculation among different assets.
Next, focus on the linkage of $ETH $IRYS $ZEC, and whether $HYPE continues to be squeezed. The more intense the market, the more important position management becomes. #SKhynixQ3HBM4Earnings THE ACTIVITY ILLUSION Why On-Chain Activity Is Not the Same as Real Adoption Market Insights: Network Growth, User Behavior, and Sustainable Crypto Ecosystems The Opening Question What if a blockchain could show rising activity, growing transaction counts, and thousands of participating wallets—yet still struggle to build a product people genuinely want to use? This is one of the most important questions in crypto market analysis. The industry has become increasingly skilled at measuring activitHistory always repeats itself in astonishing ways. Looking at the gold K-line chart now, the 2011 trend is very similar to the current one! The highs are successively lower, and the rebounds are getting weaker—a bullish exhaustion double top/multiple top structure! The subsequent trend is very likely to decline.
The first chart shows the historical market in 2011:
1. The peak labeled 1 is the ultimate top of that bull market at 1921; after that, the rebound highs labeled 2, 3, and 4 are progressively lower, with each rebound failing to surpass the previous high;
2. The bottoms of the rebounds also gradually move lower, and the moving average system slowly shifts from a bullish alignment to suppressing the price;
3. This is a typical bullish exhaustion and multiple top distribution structure at the end of a bull market, where each rebound serves as a window for bulls to exit and bears to position, eventually breaking down into a major bear market.
The second chart shows the current market cycle, with the marking logic fully replicated:
1. The peak labeled 1 is the peak of this bull market at 5598.75; the rebound highs labeled 2, 3, and 4 also progressively decline, with each rebound weaker than the last;
Similarly, after surging, each rebound fails to reach a new high, and the moving averages gradually shift from support to resistance, consistent with the rhythm and pattern seen after the 2011 peak.Conclusion first: $USDT accounts for 60% of the global stablecoin market, totaling 182.4 billion USD. On October 22, Senator Blumenthal gave Tether a deadline of November 3 to hand over contracts, payment, and lobbying records between Bo Hines and Nxum.
The investigation is not about money, but "who wrote GENIUS for Tether." WSJ's October 14 investigation revealed that a contract signed by Tether in May 2025 allowed Nxum to receive 6.3 million USD, with the first payment largely transferred into Nxum's wallet split into three parts. Hines served as Executive Director of the White House Digital Assets Advisory Committee and promoter of GENIUS; after leaving the White House, he became CEO of Tether's US operations and lobbied to extend the compliance period from 18 months to 36 months.
Tether says external lawyers conducted an in-depth investigation and found no wrongdoing; Nxum claims Hines did not receive any money during his tenure.
Prices remain unchanged: DefiLlama reports USDT at 0.9992, USDC-USDT on OKX at 1.00108, a discount of about 10 basis points, unchanged for three days.
November 3 is both the deadline for submitting materials and the midterm election day. What do you think—who wrote GENIUS for Tether, and should it affect the interest rate you get on USDT? #AI demand supports the storage market, chip stocks fluctuate
On one side, AI demand is bursting the threshold, on the other, chip stocks are on a roller coaster every day. This storage sector's script is really tough for those with weak hearts.🎢
This wave of market fluctuations looks like funds are dumping on the surface, but essentially it's a fierce battle between "long-term shortage" and "short-term cash shortage."
Let's peel back the K-line to see the bottom cards:
🧱 The foundation is solid: AI servers' appetite for HBM is bottomless, and the three major manufacturers' capacities are already fully booked. Spot goods are still hard to get, this is not bragging, but real orders.
💸 The market is faking a fall: with such strong fundamentals, why the drop? Because of macro interest rate pressure and tight liquidity. Plus, after a big rise earlier, big institutions are waiting for earnings reports to clear risks, and retail investors are getting shaken out in the volatility.
Simply put, it's like a prime location in a busy district where tenants line up to grab shops, but because the neighboring bank's interest is high, the landlord's shop valuation is forced to be discounted.
Don't keep staring anxiously at those little red and green numbers. This is the "road repair period," the AI gold rush is just beginning, and storage is the most stable "shovel-selling" business. Those who understand don't guess tomorrow's ups and downs, they only watch inventory cycles and long-term contract prices.📉
As long as AI pipelines keep widening and water is held inside, it will flow out sooner or later.🔧$SNDK Cloud growth rate rising from 48% to 63% and then to 82%, Google's money-printing machine is accelerating
Let's lay out the sequence: Google Cloud revenue growth was 48% in Q4 last year, 63% in Q1 this year, and 82% in Q2, reaching $24.8 billion, with operating profit of $8.8 billion and a profit margin of 35.6%, and about $514 billion in backlog. Among the big three, it is the smallest in scale but the fastest runner—Azure's latest growth is 43%, AWS is 37%. However, its stock price has only risen about 7% this year, underperforming the market. The market is calculating a different equation: the full-year capital expenditure guidance has been raised to about $200 billion, and free cash flow turned negative in Q2. The Q3 report is due after market close next Wednesday, coinciding with the FOMC decision day. The only question is: can the 82% growth continue, and can the money spent start flowing back? #谷歌云业务增长82%，AI投入回报如何？ $GOOGL $BTC [Pharaoh's Market Watch] My inbox exploded, everyone is asking Pharaoh: French government bond yields have hit 5%, a 24-year high. Will this bond market risk spill over to Bitcoin? Pharaoh says directly, this fire won't burn Bitcoin in the short term, but it will make Bitcoin shiver through the "risk appetite" hidden channel. First, let's see how bad it is in France. The 10-year French bond yield surged past 5% intraday, the first time since 2002. The France-Germany spread hit 157 basis poin#闪迪存储业务高增长能否延续？
SanDisk released its earnings report after market close on October 29, with the company guiding revenue between $10.3 billion and $10.8 billion. AI data centers are driving demand for enterprise-grade SSDs, combined with rising NAND flash prices, which is expected to support performance and profit growth.
The growth risk lies in the fact that previous performance gains were largely driven by price increases, with limited contribution from shipments. If the pace of NAND price increases slows, profit elasticity will weaken; meanwhile, weak consumer demand and peer capacity expansion pose risks of price declines.
Key points to watch in the earnings report: the revenue share of the data center business, gross margin levels, and management's guidance on NAND prices and long-term contract orders. High growth is likely to continue, but whether it exceeds expectations depends on data center shipments and the realization of flash memory prices.Adjusted EPS of 0.64 exceeded expectations, yet it surged over 7% on Friday in one go. $SLB This rebound in oil services, I attribute more to the oil price boost.
Q3 adjusted EPS was 0.64, compared to the market estimate of about 0.62; revenue was about $9.45 billion, versus approximately $9.28 billion. Year-over-year growth was about +5.8%, quarter-over-quarter about +5%.
North America revenue was about $2.4 billion, strengthening quarter-over-quarter; Middle East and Asia rose about +9% quarter-over-quarter to around $2.81 billion. The company projects total Q4 revenue around $10 billion, up +5% to 7% quarter-over-quarter, with the Middle East expected to remain flat for now.
Honestly, the numbers beat estimates, but adjusted EPS year-over-year still dropped from about 0.69 to 0.64. On Friday, energy stocks surged along with oil prices, Brent crude hit a new high since April, and oil services followed the rally more on sentiment.
For now, I’m watching if it can hold around 50 to 51 on Monday, and only if it stabilizes above Friday’s high of about 53.45 will I reconsider; if the daily close breaks below the previous close of about 49.55, this earnings premium will ease.
Do you think it’s more likely to continue rallying at next week’s open, or will it first give back some gains?
$SLB
#MarketTalkToday Seeing a big player lose money, there's actually a strange sense of comfort in my heart... This guy held a long position on $SNDK stubbornly for a whole month, and finally couldn't hold on at dawn today, liquidating everything and running away. The average entry price was $1814, and the average exit price was $1247, cutting losses by 31.3%! Just from liquidating these last 5,000 shares, he lost $2.83 million in one go, with a total loss of $4.58 million, equivalent to over 30 million RMB. That's$BTC In the Middle East conflict, the so-called "safe-haven asset" gold, which should have risen according to textbooks, actually fell 4.1% this week, dropping below $4,000, marking the largest weekly decline since June.
This week's report card (as of Friday's close):
🛢 Brent crude +6.2%, $116.72, a six-month high
🟠 BTC about +0.4%, basically flat
🥇 Gold -4.1%, $3,991
Gold falling during wartime is because the market is trading not "safe-haven," but "oil price rise → inflation returns → interest rates can't be lowered." Neither gold nor BTC yield interest, so the higher the rates, the worse it is for them.
This week BTC held up better than gold, but don't rush to call it "digital gold": they face the same headwind, it's just that this time BTC wasn't knocked down. Before the Fed meeting next week, oil prices are more important than any crypto news.
During wartime, the first to rise is not the safe-haven asset, but oil.
Not investment advice｜Crude oil/gold: Reuters, Dow Jones#Middle East crude supply risks rise again, oil prices continue to strengthen Don't just focus on the Ethereum upgrade for $ETH; the current ETH situation depends on the Middle East and the Federal Reserve's stance.
In the past couple of days, news shows that the US-Iran conflict has intensified again. Meanwhile, tech stocks in the US market are being sold off due to AI-related cash burn concerns, causing market sentiment to tighten. Naturally, risk assets like ETH are also feeling the pressure. Currently, there are basically two core factors affecting ETH.
First factor: War drives up oil prices, which in turn pushes inflation higher, ultimately forcing the Federal Reserve to avoid cutting interest rates.
People originally thought that during a war, funds would flow into Bitcoin and gold as safe havens. But this time the script has changed—the escalation of the US-Iran conflict has made the market most worried about a surge in oil prices. Brent crude oil once surged above $110. When oil prices rise, global inflation pressure follows. If inflation can't be controlled, the Federal Reserve won't easily cut rates, keeping interest rates high. High interest rates make risk assets like ETH, which do not generate interest, less attractive, so funds naturally withdraw. $BTC
So in recent days, you can see not only ETH falling but also US tech stocks dropping; everyone is in the same boat.
Second factor:
ETH has a characteristic: it rises sharply when market sentiment is good, but when macroeconomic headwinds hit, it often falls even harder than Bitcoin. Currently, ETH is trading around $2380, technically having broken below the $2400 level. Additionally, Ethereum spot ETFs have seen net outflows recently, with institutional funds withdrawing, creating significant short-term selling pressure. #10月FOMC临近，美联储暂停加息还有哪些变数？ Meta’s AI bet is also a bet on flexibility. Bloomberg reported on Oct 22 that Meta had about $825B in future lease and contract commitments, up from nearly $700B disclosed in July. The figure brings a question to the AI trade: how much room does Meta retain if demand, technology or financing conditions change? The commitments include: · $355.7B in operating and finance leases not yet included on the balance sheet · $454.5B in noncancelable short- and long-term contracts · Up to $14.7B in cloud c#SK海力士Q3财报在即，HBM4能否提振盈利？ HBM4 is unlikely to significantly boost profits in Q3; the main contributors to the period's performance remain HBM3E and server DRAM. HBM4 is in the capacity ramp-up phase, with limited shipment volume in the third quarter, contributing little to this quarter's profits. Its value is more reflected in valuation and mid-to-long-term logic.
On the positive side, HBM4 targets NVIDIA's new-generation platform, with yield rates continuously improving. Its high gross margin characteristics are expected to subsequently enhance the product mix. The risk lies in Samsung's simultaneous ramp-up of HBM4, which creates pressure from order share diversion.
Key points to watch in the earnings report include the revenue proportion of HBM, the profit margin of the HBM business, and management's guidance on HBM4 capacity and long-term contract orders for Q4 and next year. The core focus in Q3 is not the realization of HBM4 profits but verifying the product ramp-up progress to assess profit expectations for subsequent quarters.Last night, the $ZEC short position took another hit! A few days ago, when the big coin $BTC dropped, it could still rally strongly on its own with the privacy narrative. Now that the big coin is weak, ZEC is actually falling even harder! It dropped from $1369 to around $1174, nearly a 14% loss. In my view, ZEC's previous independent strength is fading, and it increasingly looks like it's amplifying volatility along with the big coin! The most frustrating part is that it was continuously strengthening on the 20th and 21st, then reversed and fell on the 22nd and 23rd, dropping about 6.7% over two days. The 4-hour price is also below the moving average. Although the NU7 upgrade expectation remains, funds just refuse to push it higher. I think it's not that demand disappeared overnight, but the premium from the previous hype story is starting to fade! I still lean bearish now, watching for support around 1150–1180. If it can't reclaim 1200–1240, I treat any rebound as a correction. Only if it firmly holds above 1240 and the big coin strengthens again would I consider changing my view. But with thin liquidity over the weekend, there's no need to chase shorts that are already hurting. The story can continue, but the premium may not have buyers willing to pay anymore! BTC is close to the ETF cost line, with volatility compressed to an extremely low level
Price resilience: BTC repeatedly holds around $82,000, close to the spot ETF position cost; the short-term holder cost below is about $74,800, and the true market average is about $77,600, both serving as reference points for the bull-bear boundary.
Volatility convergence: The 30-day and 60-day trading ranges have narrowed to 1.8% and 3.0%, respectively; the 3-month and 6-month implied volatilities are only at the 0.8 and 0.2 percentiles historically, indicating the market prices future volatility extremely low.
Capital and distribution: This week, the US spot ETF net inflow was $1.074 billion, rising in sync with the cumulative spot trading volume, supporting the price; however, realized profits have increased, and the net position change of long-term holders is negative, possibly indicating a distribution phase, which is also one of the reasons for consolidation. [Emergency Shift Handover · Latest Version]
Chief complaint unchanged: oil prices soaring, interest rate expectations continue to tighten. Brent crude settlement price at $116.72, a 7-month high; CME shows a 74.8% probability of a rate hike in December, and Goldman Sachs has also revised its forecast to expect another hike in December. Risk assets haven't entered the emergency room yet, but blood pressure has already dropped significantly.
BTC: Around 81,000, broke above 81,000 intraday. The latest change is on the capital inflow side: on Thursday, BTC ETF saw a net outflow of $635.6 million in a single day, wiping out nearly 60% of the previous three days' inflows totaling $1.07 billion; overall October has turned back to a net outflow of about $176 million. The price barely followed the drop, but the phrase "ETF support" needs to be discounted—the support funds themselves are also running, just not as fast as the price.
ETH: Lost 2,400, trading around 2,375. October ETH ETF cumulative outflows have expanded to about $1.18 billion, with BlackRock's ETHA still the largest bleeding point. On the staking side, locking continues; clearly, the two groups are not looking at the same calendar.
SOL: 103–104. After the Alpenglow upgrade launched on the 21st, it followed a "sell the news" pattern; October SOL ETF outflows were about $68 million, with only two days of net inflows all month. The upgrade went smoothly, but pricing power was fully handed back to capital flows.
In short: the macro emergency is not over, ETFs are wavering, the support narrative holds the price but not the direction. #SK海力士Q3财报在即，HBM4能否提振盈利？ 【Seeing a positive funding rate and shouting for capital to enter, this step is easy to misread】
BTC and ETH rebounded in the morning but fluctuated again, with the contract estimated funding rate still positive. It looks like capital is rushing back in, but here is a pitfall: bulls paying shorts does not mean big money is buying spot.
In the same set of perpetual samples I checked, from 09 to 11 o'clock, BTC positions increased by about 1.0%, ETH by about 1.6%. Contract positions are indeed replenishing, but this may include directional bets or hedging, so an increase in positions alone cannot be taken as new longs dominating.
At 12:40, BTC was about 80880, ETH about 2383, both quoted in USDT. In the afternoon, BTC is expected to find support at 80830—80850 and resistance at 81090—81150; ETH support at 2378—2380 and resistance at 2389—2395.
I want to see spot trading catch up rather than contracts heating up first. If the 1-hour candle closes back below their respective resistance zones and holds on the pullback, it supports continuation of the recovery; if the lower support fails, the assessment must be downgraded. Observe until 18:00 and be aware of volatility risks.Before the US stock market opened, $BTC was repeatedly tugging around 81.7K, seemingly drowsy, but derivatives data has already raised alarms: the 4-hour long-short ratio surged to 2.29, the price keeps falling while retail investors keep buying, yet open interest is shrinking. This is not calm, but a powder keg stacked with leverage 🎯 This morning $BTC was once slammed down to 80.9K then pulled back to 81.7K, a typical low-volume sideways move. But beneath the surface, capital flow has already split: losing retail investors are adding positions to hold on hard, while profitable traders and whales quietly exit during the sideways consolidation. The divergence between the long-short ratio and open interest is a classic signal of "chip rotation"—retail investors taking over, smart money exiting. $ETH’s situation is even more worrisome. Current price 2399, exactly stuck at the psychological and technical lifeline of 2400, the 4-hour long-short ratio is as high as 3.02, almost all retail bulls. Meanwhile, open interest is falling in sync, meaning no new funds are entering, just existing leverage reinforcing itself. Under this structure, liquidity injection at the US market open is likely to be the directional trigger: if the high-leverage longs below 2400 get liquidated en masse, price will likely accelerate downward sweeping orders; conversely, if open interest expands again after open and holds above 2400, then structural repair can be discussed. $ETH’s long-short balance currently clearly leans toward the fragile side. $SOL is currently at 104.4, showing weakness, the 4-hour long-short ratio of 2.64 is also high, retail investors are clearly holding positions, lacking short-term upward explosive capital momentum. The three major coins simultaneously show a combination of “crowded longs + shrinking open interest".Yesterday, a rare scene appeared:
Bitcoin, US stocks, gold, and silver all fell together.
In the past, when US stocks fell, money would flow into our crypto circle as a safe haven.
This time, it didn't come.
All the money went to buy US Treasury bonds.
Why even abandon gold?
The bond market has sounded the alarm:
It’s getting more expensive for big companies to borrow money,
Meta’s cost of default on borrowing hit a historic high.
Big players feel something is about to happen,
so they hide their money in the safest places first.
Oil prices are adding chaos,
rising to this year’s highest, inflation can’t be suppressed,
making rate cuts even harder, and money in the market will only tighten.
So now the only defense line for Bitcoin’s price is:
80,000 to 81,500, the cost zone for big players.
(See previous article)
Still,
if it holds, it can still grind.
If it breaks, the next stop is 77,600.
My attitude:
The whole market is sheltering from the rain now,
don’t stand alone in the rain and tough it out.
Hold 80,000 before talking about bottom-fishing; if it breaks, withdraw first.
The real big drop for Bitcoin is still ahead; a major crash is certain.
#Bitcoin #BTC
(This is not investment advice)The core logic still lies in policy uncertainty. Control of Congress directly affects fiscal policy, taxation, regulation, and the debt ceiling; funds hedge in advance, naturally lowering risk appetite. $BTC $ETH $SNDK BTC is now deeply integrated into traditional finance, with a clear high Beta characteristic, tightly linked to U.S. stocks and dollar liquidity. The macro sentiment brought by elections will definitely transmit to cryptocurrency prices. But looking back at history, there is no ironclad rule that prices must fall during elections. Short-term volatility is indeed large; for example, a 45.5% drop one month after the 2018 election, but a 31.6% rise in the same period in 2010. Over a one-year horizon, every election cycle ended with positive returns. Simply put, elections are a tool for large funds to shuffle chips. They use uncertainty to create panic, force leverage and retail investors to cut losses, while whales take the opportunity to accumulate at the bottom. Recently, whale accumulation speed has reached the highest point since February this year. This so-called election curse is essentially a redistribution of chips. #OctoberFOMCApproaching What variables remain with the Fed pausing rate hikes? #AI demand supports the storage market, chip stocks fluctuate #MiddleEast oil supply risks rise again, oil prices continue to strengthen To judge whether Amazon's earnings report and annual report exceed expectations, there is no need for complicated data; the focus should follow the four core logics: "Look at AWS to determine resilience, look at advertising to determine profit, look at capital expenditure to determine valuation, and look at guidance to determine stock price."
First, AWS cloud business is the core variable of performance. AI computing power demand is the main growth driver; a revenue year-over-year growth rate exceeding 42% is considered above expectations, while 37%-42% meets expectations. It is important to distinguish between incremental AI computing power and traditional cloud business revenue, and also pay attention to AWS operating profit margin. Growth in volume with stable profit is high-quality growth; revenue growth without profit growth will suppress valuation.
Second, the advertising business is the core profit increment and is a high-margin premium business. Growth above 26% is above expectations. Its growth resilience directly raises the company's overall profitability and is a key factor for profit exceeding expectations.
The retail segment overall has low elasticity; there is no need to focus on self-operated revenue. The core focus is on the growth rate of third-party seller services, FBA business, retail profit margin improvement, and overseas business loss reduction, which represent the company's retail operational efficiency.
Profitability and cash flow are the biggest risk factors. AI computing power expansion drives up capital expenditure, significantly suppressing free cash flow. When judging the earnings report, priority should be given to operating profit to avoid GAAP net profit interference caused by stock-based compensation and one-time gains or losses. An increase in capital expenditure is a short-term negative, while a decrease is favorable for valuation recovery.
Finally, the US stock market heavily weighs forward-looking expectations; quarterly guidance has higher priority than current data. If current performance is strong but subsequent guidance is weak, it is highly likely to trigger after-hours adjustments; if data is stable but guidance is raised and AI order reserves are sufficient, it is more likely to see a positive market reaction. $ZEC
Yesterday, the US ZEC spot ETF had a net inflow of $21.5 million, while during the same period ZEC dropped from 1258 to 1174, and it is still around 1174.
Funds are flowing in, but the price is falling. I usually see only one explanation for this divergence: the ETF buying pressure can't withstand the selling pressure inside the market. ETF inflows are indeed incremental, but compared to the existing supply, it's just a fraction. The short-term price is still determined by whether the chips inside the market are willing to be sold.
ZEC has fallen four or five points from the high, with a 24-hour low of 1157. I myself was stopped out once at a similar position last month, so I have a sense of its volatility.
The conclusion is simple: ETF inflows are a long-term narrative, but in the short term, it’s still about market sentiment inside. Don’t take fund flows as a bottom-fishing signal.
#10月FOMC临近，美联储暂停加息还有哪些变数？ #Robinhood交易业务增长能否延续？
【Record Deposits, but Robinhood's Crypto Revenue Fell 38%】
Robinhood's earnings report shows a contrast: users are depositing more money, but trading revenue doesn't necessarily increase accordingly. Q2 revenue grew 32% year-over-year to $1.31 billion, net deposits reached $21.7 billion, but crypto trading revenue dropped 38% year-over-year to $100 million. Growth was supported by stocks, options, and prediction markets, while crypto business lagged behind.
August data is worth noting: platform crypto trading volume rebounded 61% month-over-month to $17.5 billion, but still declined 38% year-over-year; stock $HOOD trading volume grew 68% year-over-year, and prediction market contract volume reached 15 times that of the same period last year. Trading activity is recovering, but performance varies greatly across different businesses, so total revenue alone doesn't guarantee stable growth.
The Q3 earnings report, to be released after market close on October 27, is expected to show revenue around $1.44 billion. The key is whether actual results can exceed expectations and whether crypto revenue has stopped declining.
Robinhood's growth story no longer relies solely on the crypto market; stocks, options, and prediction markets are diversifying risk. If crypto trading volume continues to recover and other businesses maintain growth, there is room for upward revision of performance; if total revenue growth depends on a few businesses, the stock price will face greater pressure to deliver.$ETH
Bought ETH at $0.31, held for over a decade, and sold 1,000 coins yesterday.
On-chain checks show this address is an old OG from the ICO period, with a base holding of 100,000 coins, and this time only 1% was taken out. Just this caused a flood of breaking news. I actually find the action itself more interesting than the quantity—if they really wanted to dump, they wouldn’t sell just 1%, it’s more like testing the waters first to see if the market can hold.
ETH is now hovering around 2380, looking rough yesterday along with the Nasdaq, hitting a low of 2350 during the session. The old players are starting to move, even if just a little, it shows this price level has entered their sellable range. The remaining 99,000 coins are the real uncertainty.
It could also just be improving their lifestyle, so don’t over-interpret. But I tend to think that if someone who’s held for over a decade starts selling by the thousands, their patience with this price is running out.
#10月FOMC临近，美联储暂停加息还有哪些变数？ $BILL
Why does this air coin still have any hype?
Do retail investors only have a 7-second memory?
It's about to unlock, which means a slow decline to unload.
You have to understand the process: a quick pump followed by a slow drop means unloading.
This project team is the same as before, slowly declining to new lows. You think it's the bottom, but it can still drop tenfold. It just keeps falling, even the slightly better rebounds are just short positions hitting their targets, closing positions on the rebound.
Riding on AI, shifting tokens, spreading fake news.
Raised 30 million, now the token market cap is just over 10 million?
Just think about it and you know something's off Nearly $200 billion in capital expenditures have been pushed across the river boundary, with the market focused on bleeding in the profit and loss statement, while I am focused on the central gap left by the overall forward and backward pressure of the Wang Yibing chain. This is not a beautiful opening move; it is a forced play that requires calculating the next twenty steps.
Alphabet has raised its capital expenditure guidance for next year to between $195 billion and $205 billion. This is not recklessness in accounting terms but a long-term repositioning: first moving the king away, then pressing the heavy pieces onto the computing power center. Cloud business is the center of the board, computing infrastructure is the pawn chain, and cash flow is the king's safety. Outsiders see expenses; grandmasters see whether spatial advantage can be converted into initiative. Capital expenditure is a sacrifice, not a loss; sacrifices must be compensated: orders, customer retention, computing power turnover—missing any one turns the sacrifice into pure bleeding.
The key in the midgame is not "how much was spent," but "what was exchanged for it." If Google Cloud can connect backlog orders, utilization, and unit computing power returns into a continuous initiative, short-term pressure on profit margins is just a pawn sacrifice to seize the center; if growth cannot keep pace with capital expenditure, the cloud business becomes a hanging piece, and the market will tactically and repeatedly strike gross margin and free cash flow. Profit margin and cash flow are two lines that cannot be constrained simultaneously. If gross margin pawn chain is stretched too thin for growth, any demand slowdown becomes a tactical strike; if backlog orders and customer stickiness are thick enough, short-term margin compression is just a positional concession. Cash flow is not a decoration in the endgame; it is the shield before the king. Once removed, no matter how good the profit margin looks, it will expose constraints.
The tokenization of US stocks is another shadow board. It does not change the main board's piece strength but converts expectations into liquidity time advantage ahead of schedule; before earnings is positioning, after earnings is forced piece exchange. The shadow board first reacts not to long-term value but to leverage and emotional pawn weaknesses. When liquidity is deep, it is a time advantage; when shallow, it is a constraint. Before and after earnings, leveraged funds act like passing pawns fighting for squares, exchanging initiative and counter-initiative along a few price lines. If the main board offers spatial advantage, the shadow board amplifies initiative; if the main board reveals a hanging piece, the shadow board first shows draw-like fluctuations.
The real calculation looks twenty steps ahead: the capital expenditure cycle enters endgame technique, testing the order of exchanging unit computing power returns, cloud gross margin, and free cash flow. Endgame technique does not look at the weight of a single punch but whether the exchange order is forced. Among capital expenditure, cloud growth, profit margin, and cash flow, whoever is exchanged first determines the king's safety. Nearly $200 billion is not the end but the toll for whether the pawn chain can promote. My judgment is simple: if cloud growth cannot sustain this pawn chain, profit margin and cash flow will be forced to exchange pieces to protect the king in the endgame; if it can, today's sacrifice is tomorrow's promotion. #alphabetq3cloudandai$BTC
The trading volume of crypto prediction contracts on Kalshi and Polymarket hit a record this week. Simply put, more people are suddenly guessing crypto events. Some might interpret this as "the market has already bet on the direction," but a hot prediction market could just mean greater divergence and more people wanting to hedge 🤔 Watching BTC dip, I think it's better not to rush into mistaking the hype for a signal Stablecoin yields have not disappeared; they just can no longer be paid directly by the issuers.
On October 21, the OCC announced the implementation rules of the "GENIUS Act," further clarifying requirements for the issuance, reserve, redemption, audit, and custody of payment stablecoins, effective January 18, 2027.
The most notable point is: issuers cannot pay interest directly to token holders, but third parties such as exchanges and wallets can still offer holding rewards, leaving some room.
This means yield competition may shift from the issuance side to the channel side. In the future, it won't be the project teams paying out themselves, but rather who controls the user entry points and whether issuers are willing to share part of the reserve yields with the platforms.
However, regulatory compliance does not mean incremental funds will immediately enter the market, and in the short term, there is no need to forcibly link this to BTC or ETH price movements.
Overall, this is somewhat positive for payment stablecoins like USDC and USDT; somewhat negative for yield-bearing products that rely on direct interest payments. Going forward, the key focus will be on how to define the boundaries of third-party rewards and disguised interest payments.$IRYS contract uses a proxy mechanism, allowing the project team to modify the logic later; the security scan only shows no Pixiu and no trading tax, which is a preliminary technical check and does not equal audit assurance.
• Low liquidity: The order book depth at a single level is only a few hundred tokens (corresponding to tens of dollars), with a very small bid-ask spread, making the price easily pushed instantly by large orders, resulting in high slippage and spike risks.
• Missing unlock data: Token supply and unlock schedule are currently not covered, making it impossible to assess potential selling pressure.
• Real pullback exists: The previous surge from 0.328 has already pulled back over 70%, indicating obvious selling pressure; chasing the price at this time is likely to make one the liquidity absorber.Had a sip of tea to calm down, then checked the history and laughed at my own stupidity.
Good grief, gathered the three big “Wolong Fengchu” in one night: a 20x AKE long position, a slight 3% drop turned into a -49.88% cut; 50x KAITO, happily took a -59.73%; 50x PUMP altcoin dog, precisely delivered -60.00%. This screen full of green is basically a badge of honor on the dealer’s harvesting machine.
Reviewing the logic behind this crazy giveaway:
First, picked the wrong targets. All gambling in altcoins and junk coins with extremely poor liquidity, depth as thin as paper, a few small orders can smash a bottomless pit; second, the fatal flaw of full-position high leverage. Once the direction goes against you, there’s no room even for a rebound breath, just pressed down directly.
A lesson bought with real money: don’t look for opportunities in the trash heap, liquidity is the first rule of survival! #SK海力士Q3财报在即，HBM4能否提振盈利？