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Can't stop laughing, a scammer got robbed by another scammer!
In this Ledger wallet theft incident, one of the biggest victims is actually a scammer himself. He lost over 60 $BTC, more than four million USD. All this money was obtained through scams.
His scamming method was a "task scam":
First, he hired people to fake orders and write positive reviews for products,
then told participants, "Your account shows a negative balance,
you have to front the money yourself before you can get paid."
— Front the money first.
On September 22, he transferred the scammed money into three Ledger addresses.
On October 9, all three addresses were completely emptied.
He used the "you must front the money first" trick to scam many people.
Then he used the same method to send the money out himself.
This is not just funny; it shows that on-chain, "who is scamming whom" can reverse:
Those who are victims today may be perpetrators tomorrow;
those who are perpetrators today may be taken down by others the day after tomorrow.
#Ledger调查东南亚经销商渠道资金损失 #NetflixQ3AdsAndMargins
$NFLX Growth Is Slowing, but Advertising Could Be the Next Big Catalyst!
Netflix will release its Q3 earnings on October 20, and the market is watching two key factors: revenue growth and the expansion of its advertising business.
According to the company’s guidance, Q3 revenue is expected to reach $12.86 billion, up approximately 12% year over year. Operating margin is projected at 33.2%, compared with 28.2% in the same period last year.
#DailyOrbit Scanned the entire platform, all green across the board, yet ZEC surged like it was on steroids from 1073 back to 1204.
When something abnormal happens, there must be a catch. Is this a desperate counterattack or a trap set by the manipulators?
I stared at this big bullish candle for a long time, but in the end, I still moved my mouse away from the close position button.
Why not exit?
Because this rally simply doesn't hold up to scrutiny.
First, the 4-hour volume is even smaller than during the dump, purely propped up by short covering and retail chasing longs—just hot air.
Second, from 1240 to 1300 above are all trapped positions; this little buying pressure trying to break through? Dream on.
Third, the November 5 NU7 upgrade bullish news hasn't even materialized yet, ETF funds are still flowing out, there's no real liquidity in the market, so this rally is just a castle in the air.
Fourth, the long-short ratio is 53% to 47%, retail investors are starting to think the bottom is in; every time consensus turns bullish, that's the most dangerous moment.
Right now, the risk-reward ratio for shorting is basically free money.
$BTC $ETH $ZEC
#Anthropic reports Q3 revenue rose to $16.8 billion and turned profitable #NetflixQ3AdsAndMargins Yesterday's CPI and today's PPI were both bearish, causing a drop from 840 all the way down to 797, followed by an oversold rebound stabilizing above 820.
On the 14th, I anticipated the bearish CPI in advance. This morning, I observed the 4-hour lows continuously rising, with 820 as the primary resistance. If it holds above 820, the upside space will open, so I suggested going long near 810, targeting a break above 820 towards 842.
The evening SMC liquidity capture and the logic of going long as long as 790 does not break is also very reliable and effective. The spike near 80000 down to around 797 cleared and swept out dense long stop losses below. After the spike, it quickly recovered, perfectly filling the 795-800 FVG gap, but the 843-852 gap above has not yet been filled and still exerts a liquidity magnet effect, which I clearly marked in my static posted chart.
In summary, the rhythm control these past two days has been very precise. Today's PPI data, relying on SMC gap filling and liquidity sweep logic, accurately held the 790 support to catch the rebound. However, note that FVG gap filling is not 100% guaranteed but a high-probability event. In the SMC system, such gaps have a magnetic effect, which is the gap fill. Therefore, I believe the 843-852 area is also very likely to be tested.
Go long on BTC at 810-820, target 843-852.
Go long on ETH on a pullback to 2400 without breaking, target 2530, and if it breaks through, hold to 2623.
$BTC $ETH 兄弟姐妹们好
兄弟们！全市场都在寻底，但机构根本没在怕。我复盘了昨天的ETF数据，发现一个反常点。
BTC净流出3144万，贝莱德和富达分别卖了1334万、1836万。前一天刚买的两千多万，第二天就清掉，说明机构在BTC上只是试水，CPI一爆立刻收手。
ETH净流出仅5.19万。灰度卖了一点，贝莱德卖了一点，基本等于没动。价格砸到2315，机构既不买也不卖，都在观望。
SOL净流出1.22万，只有Bitwise在卖。连续第8天流出，但相比前几天动辄几千万，这点量几乎可以忽略。砸盘主力已经不是ETF，而是合约里的多头踩踏。
我的结论：机构没恐慌，他们在等。ETH和SOL的抛压其实在变小，现在跌主要是多杀多。SOL多空比还是2.68，多头没跑干净，连环爆还没结束。
我现在还是没单子，这种行情去抄底就是赌。等清算数据出得差不多了，盘面彻底稳住再考虑。
关键位置：大饼80000/78000，二饼2300/2200，SOL 100/95
#美国CPI超预期升至3.7%，今晚PPI再迎考验
#BTC成交萎缩，ETF买盘能否回暖
#ETH触及2500美元后震荡 #NetflixQ3AdsAndMargins #奈飞增长或放缓，广告业务成新看点
Q2 free cash flow dropped from $2.27 billion to $1.53 billion (due to one-time factors like the Warner Bros. deal termination fee). Secondly, the company reduced the frequency of viewing data disclosures, increasing market distrust; annual content investment exceeds $17 billion, and with Disney, Amazon, and Paramount launching multi-front attacks, advertisers' budgets may not necessarily cooperate.
In the short term, with low expectations and high odds, "meeting targets" is not difficult; the challenge is whether the advertising data justifies the term "new highlight." In the mid-term, a combination of 12% growth plus 30%+ profit margin remains a rare asset among large-cap companies, and the earnings report mainly brings valuation volatility.#NetflixQ3AdsAndMargins #NetflixQ3AdsAndMargins 财报非常亮眼，AI算力需求持续兑现，2nm成功贡献营收；但增长高度依赖AI客户，叠加美国建厂带来成本与地缘压力，高增长背后风险同样不能忽视。PPI Supplement: The culprit for price increases is energy, but rate hike pricing has not continued to rise
Core PPI year-over-year is 5.0% (expected 4.4%), also significantly exceeding expectations; this time the driver of price increases is energy—energy prices rose 10.8% in a single month, gasoline +20.3%, contributing about half of the commodity price increase, and food also rose 1.2% (BLS, via Barron's).
September retail sales +0.8% (expected +0.3%), but mainly supported by gasoline price increases, other consumption was average, and real wages are still declining (Reuters).
Putting it together means "rising business costs, consumers still spending," making inflation cooling unlikely. A strange point: October rate hike pricing has not continued to rise, remaining around 30% (LSEG 29%, CME about 33.8%), basically unchanged from before the PPI release—the market seems not to believe there will be action in October, with bets concentrated in December (MarketWatch).
FBI teams up with Brooklyn prosecutors to shut down 241 crypto scam websites
Seized 112 servers, recovered about $300,000, no arrests yet. This is a three-year case: an Eastern European scam network targeted Russian-speaking populations in the U.S., using Russian-language Facebook ads and fake investment advisors to lure people into buying crypto and transferring to fake platforms; when withdrawing, accounts were locked or "tax fees" were demanded, and they pretended to "help recover" funds to conduct secondary scams.#奈飞增长或放缓，广告业务成新看点
I think the next focus for Netflix is no longer just subscriber growth, but whether the advertising business can truly support a second growth curve.
Slowing user growth is not necessarily a bad thing; the key is how much profit each user can generate.
But one question is worth considering: if advertising revenue grows rapidly but the stock price doesn't rise, is the market already pricing in the good news, or is there a bigger hidden risk?
Do you think Netflix is currently an opportunity or a valuation trap? Three bearish candles, three medical records 🩺
$BTC: Emotional cold 🤧
The market turns cold, triggering a chain reaction of sell orders. But on-chain data shows no mass withdrawal by big holders; support remains near the 400-day moving average, with signs of accumulation at low levels still intact. The weakness lies in sentiment, not in holdings.
$ETH: Capital anemia 💸
ETFs have continuous net outflows, wallet balances are moving out, and some holders are actively reducing positions. It’s not just dragged down by the market; the capital side is truly contracting. Recovery depends on new money returning, which is more difficult.
$SOL: Leveraged sprain ⚙️
Perpetual shorts are increasing, leverage pushing the price down; spot outflows are limited, and holdings have not changed hands on a large scale. The downtrend is fierce, originating mainly from derivatives.
Don’t just look at the ranking by price drop—it’s easy to mistake emotional fluctuations for trends. Break it down with on-chain data: who is really selling, who is just being dragged down. BTC is seeing sentiment warming, ETH is seeing capital returning, SOL is clearing leverage. Knowing where the pressure comes from tells you what to be cautious about and what to ignore 🔍 #US CPI and PPI both exceed expectations, will there be more rate hikes this year? #TSMC Q3 net profit exceeds expectations, profits hit record highs #Netflix growth may slow, advertising business becomes a new focus #奈飞增长或放缓，广告业务成新看点 $BTC's current market concern is not the decline itself, but the rebound after the drop, which can mislead people into thinking the market has stabilized.
The US September CPI exceeded expectations, and PPI was also bearish. The market started to worry about the Federal Reserve raising interest rates, putting pressure on risk assets. Bitcoin once dipped near $79,725. After the bearish news settled, it began to rebound and is currently around $82,000. From a technical perspective, whether it can break through the $83,000 level above is key; otherwise, the market recovery cannot be confirmed. On the downside, watch if the $80,000 support level can hold.
Looking at $ETH, its recent performance has been weak, dropping to a low of $2,315, now rebounding to $2,430. The focus next is whether it can stabilize above $2,400 and break through $2,500. This quick rebound after a big drop indicates there is capital willing to buy at $2,300. However, given that US inflation and Treasury yields have not improved, this can only be considered a short-term technical correction, not a confirmed market reversal.
My current feeling is that this is an oversold rebound. Going forward, the key is whether the macro environment can ease inflation pressure, whether $BTC price can break resistance levels, whether trading volume can keep up, and whether active buying during the rebound strengthens. Only if these improve simultaneously will the rebound have more sustainability. Until these signals appear, caution is advised; do not mistake a short-term rebound for a new upward trend. #USCPIandPPIsurprise, can there be another rate hike this year? #BTCspotETFnetoutflowagain, can institutional buying recover? #NetflixQ3AdsAndMargins More worryingly, the rate of leaving (Trumd) in the US doubled over the same period, showing that the main market was saturated. The reason comes from the price increase, tightening password sharing and fierce competition from Disney+, Amazon. This proves that the growth model based on the number of subscribers is no longer sustainable, forcing Netflix to switch to ARPU and profit optimization.#奈飞增长或放缓，广告业务成新看点 Netflix's next growth driver is not just membership subscriptions but advertising.
As the user market saturates, the advertising segment becomes a new breakthrough point. The core issue: whether advertising revenue will actually increase enough to offset the slowdown in subscriptions while maintaining stable profit margins?
It is necessary to closely monitor advertising revenue, profit margins, and financial guidance in the upcoming report.
#NetflixQ3AdsAndMargins #NetflixQ3AdsAndMargins #奈飞增长或放缓，广告业务成新看点 年内能否再加息？ 美国BTC现货ETF录得单日2.61亿美元净赎回，代表本轮机构端买盘再度转弱。背后核心诱因，还是CPI、PPI接连超预期带来的通胀担忧，市场上调高利率延续时间，美债收益率走高，机构主动降低BTC这类高beta另类资产敞口，属于宏观驱动下的战术减仓。 要分清重点：单日流出≠机构长期看空BTC，单天数据属于情绪信号，趋势要看是否持续多日流出。如果只是单日脉冲赎回，杀伤力有限；一旦连续多天维持净流出，等于持续抽走现货买盘，反弹会缺少最重要的增量托底，盘面更容易承压。 资金逻辑：ETF申购是新增场外买盘，而赎回会带来现货抛压。在本来流动性偏弱、反弹乏力的行情里，这种流出容易放大短期波动，压制反弹高度。但也要注意，ETF只是机构入场渠道之一，链上巨鲸、海外场外买盘不在这套统计内，不能单凭这一个数据判定趋势反转。$BTC $ETH $SOL Writing
🚨 $BTC: $966M in Long Liquidations — But Whales Aren’t Selling! 🐋
Bitcoin just took another hit, wiping out $966 million in leveraged long positions. But the bigger question is: Who is selling, and who is buying the dip?
📉 Inflation Is Back in Focus September PPI jumped 1.3% against expectations of 0.6%, while CPI reached 3.7% year-over-year. This has intensified concerns about the Fed’s next move, putting pressure on risk assets.
#DailyOrbit Tesla is set to release its full financial results for Q3 2026 on October 21.
The profit side is even more concerning. Referencing Q2 data: revenue reached $28.2 billion (up 25.5% year-over-year), but operating profit was only $398 million, with operating margin plummeting to 1.4%; free cash flow was negative about $1.1 billion, and capital expenditures hit $5.8 billion. Full-year Capex is expected to exceed $25 billion, mainly for Robotaxi, Optimus, and AI infrastructure. Market consensus for Q3 revenue is about $27.8-28.0 billion (roughly flat or slightly down year-over-year), with adjusted EPS of $0.43-0.45 (down more than 10% year-over-year).
On valuation, the current market cap is about $1.4 trillion, with a trailing P/E ratio exceeding 300, fully pricing in optimistic scenarios of Robotaxi full commercialization and large-scale Optimus deployment. However, Robotaxi is currently operating only on a small scale in limited cities like Austin, FSD without supervision is progressing slowly, and Optimus has no large-scale sales yet. Historical experience shows related timelines have been repeatedly delayed. If Q3 guidance fails to provide a clear path to profitability or commercialization milestones, or if gross margins continue to be pressured, the downside risk to the stock is significant. In contrast, competitors like BYD show more resilience in balancing volume and profit, and the global EV market landscape is no longer favorable to Tesla.
#Tesla delivery exceeds expectations, profit recovery becomes the focus 结合 CPI、PPI 超预期，链上巨头 Wintermute 已用真金白银投票！ 其在 Hyperliquid 未平仓 8734 万，空头敞口高达 86.4%（7545 万），重仓做空$ETH 、$SOL 及标普 500，未实现盈利 397 万，累计赚 2.09 亿。 配合$BTC 4 小时 EMA 空头排列、MACD 死叉，机构高位套保明显。 8 万大关虽是防线，但巨鲸如此压制，等空头回补或 4 小时底分型，宏观与技术共振才安全，稳住！ #美国CPI与PPI双超预期，年内能否再加息？ Will it beat?
- *Last quarter (Q2) it beat by $0.01*: Reported $0.80 vs $0.79 est, but revenue $12.56B slightly missed $12.58B est, and stock still sold off 8% on weak guidance.
- *Trend into this print is cautious:* The $0.82 consensus is unchanged last 30 days, but down 2.4% vs 90 days ago (was $0.84). Analysts have been trimming - Erste Group cut FY27 to $3.79, Morgan Stanley cut target $83 to $80, KeyCorp $92 to $85 this week. #奈飞增长或放缓，广告业务成新看点 低于预期#NetflixQ3AdsAndMargins 🚨 $ETH breaks below 2400! This time, don’t rush to call a bottom; the market has already given a warning!
Brothers, Ethereum’s current trend is even uglier than expected.
How many people previously treated 2400 as a solid floor? How many started shouting V-shaped reversal when seeing a rebound at 2580? Some even thought 2500 was firmly held and that it would soon surge to 2700.
And the result?
📉 2400 was effectively broken, the price once dipped near 2310, and now it’s oscillating around 2370 again.
What’s most worrisome isn’t just how much it fell, but that this level has been tested repeatedly. Before, it could be pulled back by lower shadows; now even the real body has broken through, indicating this support zone is under greater pressure.
Previously, there were buyers stepping in when it dropped; now it’s a question of whether the buying funds can still hold.
What I least want to see now is people assuming this must be the bottom just because it’s dropped a lot.
Remember these key levels:
🔻 2400: A critical area that has shifted from support to one that needs to be reclaimed.
🔻 2310: Recent low area to watch if it can hold.
🔻 2300: If this is lost, the market may look for new support, but don’t prematurely assume where it will fall.
🔺 Above 2500: Only if the price can firmly stand here again will it be more favorable to repair short-term sentiment.
Adding to this, the macro uncertainty brought by US inflation data may further amplify short-term volatility. Bulls wanting to turn the tide can’t rely on faith alone.320,000 liquidations, $930 million vanished into thin air! BTC just finished a "fake fall," next week is the real test
BTC current price around $82,000, $932 million liquidated in 24 hours, bulls lost $796 million — bottom buyers took the hit first. It briefly dropped below 80,000 this morning, then shorts covered forcing a strong rebound, but don’t be fooled: 80,000-81,500 is the average ETF holding cost line, if it closes below here, all regular ETF holders turn to losses, stop-loss orders will avalanche down.
ETH is worse: 2,500 is precarious, 2,650 has turned from support into resistance, ETFs keep bleeding, any rebound is a window to escape.
SOL: struggling near 102, the 50-day EMA at 107 is the ceiling, breaking below 99 targets 96 directly.
Next week’s key points: BTC’s 80,000 close line decides life or death; ETH must hold 2,500; SOL’s 99 is the last cover. Before FOMC, don’t use leverage to bet on direction.
#比特币爆仓 #以太坊 #Solana #加密货币 #美联储加息#美国CPI与PPI双超预期，年内能否再加息？ #奈飞增长或放缓，广告业务成新看点 #NetflixQ3AdsAndMargins I think $NFLX the iconic company is in a tough spot.
The slower growth comments from their Co-CEO this week will be blamed on a shift to live programming.
I don't think that's the actual issue. Live programming does contribute lower watch hours per dollar of content spend… but it also over-indexes in terms of generating new engaged members… which should greatly offset the headwind.#NetflixQ3AdsAndMargins I think $NFLX the iconic company is in a tough spot.
The slower growth comments from their Co-CEO this week will be blamed on a shift to live programming.
I don't think that's the actual issue. Live programming does contribute lower watch hours per dollar of content spend… but it also over-indexes in terms of generating new engaged members… which should greatly offset the headwind.#NetflixQ3AdsAndMargins #NetflixQ3AdsAndMargins
Also:
Not easy to compete with several mega-caps that have all decided to prioritize their streaming libraries, don't need to make much $ on those libraries & have the balance sheets to outspend $NFLX by a wide margin.
My hot take is that I think this iconic company's best days are behind it.$NEAR 下午那会儿我看 4.5 附近磨了半天，量缩得跟死了一样，心想这玩意儿要么继续阴跌要么来根大的。结果 Bitwise 那个 ETF 持仓的消息一出来，直接一根大阳捅到 5.17。我 4.576 上的车，50x，现在浮盈 590% 出头。
说实话，拿到现在我自己都觉得离谱。
但你让我现在追？我不敢。5.17 那根上影线摆在那儿，MA120 压在 5.21，这位置往上每走一步都是解套盘在砸。我见过太多次了——消息出来拉一根，然后慢慢阴跌回去，追的人全埋里面。
我这单准备 5.17-5.20 附近开始减，能吃到这就谢天谢地了。50x 这东西，浮盈再多你不当回事，一根针回来就什么都白搭。
前两天 STRK 那单我也是这么想的，从 599 拿到 1332，最后还是 0.098 附近跑的。跑完第二天就插了一根针，差点全吐回去。所以这次我学乖了，不贪。
你们要是没上车就别追了，等回踩 4.8-4.9 再看。真要冲 5.21 站稳了再说。#NetflixQ3AdsAndMargins
Also:
Not easy to compete with several mega-caps that have all decided to prioritize their streaming libraries, don't need to make much $ on those libraries & have the balance sheets to outspend $NFLX by a wide margin.
My hot take is that I think this iconic company's best days are behind it.Right now it feels more like a shakeout, not a time to chase the rally. Can FIL's halving narrative really carry it on its own? I've been watching FIL's derivatives structure lately, and the more I look, the more it seems like a kite tethered to BTC's waist. When the funding rate flips positive, bulls rush to add positions, but open interest doesn't keep up, indicating leverage is increasing while spot is retreating. This kind of divergence is often not a start but a game of speculation. FIL's own story is weak; a halving bullish factor, when BTC is sideways or drifting down, basically just hands bullets to the bears. In past halving cycles, FIL's independent rebounds were built on BTC's risk appetite warming up. Once BTC weakens, FIL's pullback elasticity is even greater, showing poor resilience. What is the derivatives market trading now? It's trading whether BTC can hold steady, not how much incremental gain FIL's halving can bring. Perpetual contract open interest hasn't expanded significantly, and options implied volatility is low, indicating no one is betting on a big move ahead, more like short-term gambling. Under this structure, part of FIL's halving expectation is priced in early, but no one is willing to chase with real money. There's only one bullish path: BTC first stabilizes, funding rates return to neutral, open interest moderately expands, then FIL might catch up on the halving narrative. The bearish risk is more direct: as soon as BTC wobbles, FIL's long leverage will be forced to liquidate, creating negative feedback and falling faster than BTC. Before the altcoin season arrives, FIL is unlikely to break away from BTC.PYTH 22天+57%，10-15这次突破为什么不一样
$PYTH从09-24的0.060涨到今天0.0946，22天+57%。今天+18.36%，最高0.10093，成交3090万美元，是30天均量1.7倍。
不是情绪冲顶，是三段式结构：
蓄势（09-30到10-13） 价格在0.073–0.090区间窄幅震荡14天，日成交400–500万。典型「建仓区」——量稳、价收敛。
破门（10-14） +3.07%站上0.085阻力位，量没放大——「破门探路」。
放量（10-15） +21.13%，最高0.10093，量2974万是前14天均量4倍。资金费率中性，OI只增8%——增量主要来自现货不是杠杆。结构最干净。
为什么是现在？Solana Q4 DeFi（Kamino、Drift）TVL回升，预言机调用量直接受益。$PYTH作为Solana主流预言机有基本面支撑。
但00:00日线已回吐-2.72%。回踩0.090不破就是健康确认；放量跌破0.085则突破失败。
4H首次冲0.10整数关口，你们觉得$PYTH能站稳吗？Brothers, yesterday was the first day after the halving, dropping from 1.27 back to 1.08. Many people grumbled saying, "The good news is all out, FIL is doomed." But today the official team released a heavy, detailed infographic — "The Filecoin Flywheel," serving you a solid dish directly. Looking at this image, I read it three times repeatedly, and only one thought came to mind: the short-term "price speculation" is over, and the long-term "value flywheel" has officially started. Don't be fooled by daily-level fluctuations; let's break down the official "major progress this month" to see what fundamental changes really happened after the halving: 🎯 Fundamental Change One: The Solstice proposal is officially implemented, completely changing the reward logic. Official text: More shares allocated to services that bring paying customers to the network; consensus mining shares reduced; unearned service shares will be destroyed. This is ruthless! Previously, miners could just keep their hard drives running and share the big pot, but not anymore. This part of the reward is only given to service providers who "can bring real customers." If no customers are brought in, this reward won't be released and will be destroyed directly. This directly blocks miners' "inflation dumping" logic, forcing the entire network to engage in real business. 🎯 Fundamental Change Two: The supply "faucet" has been turned off. Official confirmation: The distribution lock-up periods for Protocol Labs and Filecoin Foundation will end as planned, like in 2020. The daily amount of new FIL entering circulation has decreased by about 75%. Daily selling pressure fromCPI利空压顶：加息预期升至40%，多军一夜被扫
CPI数据偏空，交易员把下一次加息押注抬到40%。美股与加密大盘同步重挫，纳指跌近2%，BTC下杀至82000附近。
▪ 亚盘雪上加霜
韩日股市开盘跳水，风险偏好骤降。下午盘能否守住成为短线关键，但午后受挫严重，亚盘未能稳住阵脚。
▪ 爆仓集中爆破多军
24小时近5亿美元爆仓，多军损失约4亿美元，杠杆多头被集中清算。
▪ 晚间美股仍不乐观
美股开盘预期偏弱，若继续下探，加密市场很难独立走强。
眼下先看亚盘尾盘和美股开盘，别急着接飞刀。#美国CPI与PPI双超预期，年内能否再加息？ #台积电Q3净利润超预期，盈利创历史新高 $BTC looks for a rebound continuation. It closed 24h at +0.39%, after dipping to 79,732.3 before pulling back. During the dip, the amount of long positions liquidated was roughly twice that of shorts; this round of leverage was squeezed out. The pressure from long liquidations has already passed once, and the price still closed in the green, indicating some support near the previous low. Options trading on the day leaned bearish, even higher than the ratio in the open interest structure, with most new trades being protective buys. Sentiment remains defensive, so there is less fuel for a decline. The moving averages on the chart show a bearish alignment, which is a result of the previous drop; moving averages themselves lag. The previous low has already been tested once and held; now the focus is on that previous low itself. Conditions for a bearish reversal: breaking below 79,732.3 and failing to recover, indicating that after long positions are cleared, no one is stepping in to buy, so treat it as a new low and invalidate the bullish view."The chain is making money, but the coin may not be valuable"
All three chains have income, yet prices remain stagnant. The market begins to ask: who exactly is the profit flowing to?
$BTC's fees and block rewards go to miners, not coin holders. Miners sell coins to pay electricity bills, creating continuous selling pressure. Holders receive no dividends, only share scarcity. No matter how active the chain is, it’s hard to directly push up the coin price; BTC relies on consensus, not cash flow.
$ETH's Gas fees are diverted to L2, weakening the mainnet's value capture. Although EIP-1559 burns fees, the more prosperous L2 becomes, the less burning occurs. Stakers receive issuance and priority fees, but issuance dilutes non-stakers. The cash flow narrative of ETH increasingly requires explanation.
$SOL's fees and MEV go to validators and stakers. Inflation subsidizes validators, diluting ordinary holders. The more active the ecosystem, the more validators earn, while holders can only wait for price appreciation. It’s more like using inflation to buy security.
On-chain income does not equal token value. The key is not whether the chain is busy, but whether income returns to the token. Tokens that cannot capture income can only rise based on sentiment and consensus; those that can capture income have a long-term foundation.
So, don’t ask if the chain is busy first; ask whose pocket the money is going into. Are you holding an asset, or fuel working for someone else?
#US CPI and PPI both exceed expectations, will there be another rate hike this year?
#BTC spot ETF sees net outflow again, can institutional buying recover?
#Trading Voice: Your experience deserves to be heard I think the market now views Netflix like an old director who has made hit movies for many years.
The audience is still there, advertisers have come, but investors are starting to ask: how many new stories can you still produce?
Q3 revenue is expected to be $12.86 billion, a 12% year-over-year increase; operating margin is expected to be 33.2%, further up from 28.2% in the same period last year.
This shows that Netflix not only wants to rely on subscription fees to sustain itself but also wants advertising to become a new cash machine.
But the problem is very real: whether advertising can support a second growth curve is the real highlight of this earnings report.
My view is that revenue growth is expected, but the increase in profit margin is what deserves close attention. After all, no matter how good the story is, the final accounting matters.
In summary, Netflix is transforming from a content seller relying on memberships into an entertainment business that sells both tickets and advertising.
#NetflixGrowthMaySlow AdvertisingBusinessBecomesNewFocus #NetflixQ3AdsAndMargins 看空索尼：PS主机步入周期尾声，硬件销量持续下滑，游戏业务收购减值、独占内容产出不及预期。AI逆向技术加速打破Switch等平台壁垒，模拟器与破解侵蚀主机生态护城河。影视业务增长乏力，消费电子萎缩；图像传感器竞争加剧，AI布局滞后。集团业务分散，资本投入效率偏低，叠加汇率扰动，中长期盈利缺少强支撑。#奈飞增长或放缓，广告业务成新看点 并不看好#NetflixQ3AdsAndMargins #闪迪存储业务高增长能否延续？
From the trend perspective, $SNDK SanDisk is not very expensive compared to previous highs, but the rise of storage sectors like SanDisk and Hynix relies more on the AI market.
Personally, although AI and other tech stocks have pulled back somewhat, looking back at this AI rally 🚀, the duration hasn't been very long, so waiting at low levels for value to return.
The expansion on the demand side can indirectly stimulate the rise of storage sectors like SanDisk and Hynix.
In the short term, although there is news that ChangXin Memory has made a technological breakthrough, the market worries that prices will drop. In reality, it will still take time and market validation for mass production and manufacturing costs, and it should be noted that ChangXin Memory's breakthrough is for a specific storage technology, not a comprehensive breakthrough. Therefore, storage giants like SanDisk still have certain technological advantages.
Additionally, multiple US storage sectors have declined, which I personally think may be related to market expectations of tightening liquidity. Whether SanDisk's business can maintain high growth is also related to demand and liquidity, so be aware of the risks!
@OKX星球 @八喜Zora_OKX #奈飞增长或放缓，广告业务成新看点