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Set aside the airdrop points for now; there is a more direct liquidation opportunity on the QI order book side. The current price of 0.00441 is no longer suitable for chasing longs. The moving averages are diverging bullishly, and aggressive buying continues to suppress selling, which was the main reason for the recent rally, but the oscillators have entered extreme overbought territory and need short-term digestion.
The liquidation chart shows dense short stop losses above the 0.0048 to 0.0050 range, and liquidity will attract the price to test upwards. On the downside, long leverage is also stacked near 0.0042, so there is a possibility of a downward wick to clear positions first.
Just finished a trade at the old neighborhood's sixth floor, came back to check the order book, and the price is stuck in the middle, with liquidation risks on both long and short sides.
So just wait for a pullback. Entry range is 0.00420 to 0.00430, stop loss at 0.00395, first take profit at 0.00475, second take profit at 0.00498. If volume breaks through 0.0050 and holds, then follow the trend to 0.00515, with position size at half the normal level.
$QI
#美债长端利率持续攀升，融资压力升温
@OKX星球 The interest rate manager at Société Générale said they are currently neutral on US rates and will act once volatility comes down.
In other words: they don't understand it, so they're sitting it out for now.
The US Treasury volatility index rose nearly 30% this week, the sharpest increase in a year. Traders collectively chose to wait and see—not bearish, not bullish, just finding the market too shaky to bet on.
Honestly, I quite understand this mindset.
What the market fears most isn't a drop, but directionless chaos. Acting recklessly now is like crossing the street with your eyes closed.
For the crypto space, this doesn't bring any direct short-term positives or negatives. But when US Treasuries are unsettled, global capital tends to get more cautious, and risk assets are somewhat affected.
While others wait for volatility to subside, I think this attitude is right. When things are unclear, doing nothing is the best move.
Money can't be earned endlessly, but it can be lost completely.
#美债长端利率持续攀升，融资压力升温
#美联储重启加息，BTC为何仍有韧性？ #高利率下，黄金还能走多远？ $BTC 🔥The Federal Reserve has resumed rate hikes, and $BTC has withstood the impact. The core reason: negative factors were priced in advance, and the underlying buying has already changed hands.
Before the rate hike, futures pricing showed a 90% probability. Now that the boot has dropped, shorts are covering to digest the panic. The key is the capital structure: long-term slow money like ETFs, pensions, and corporate treasuries are taking over, not fluctuating with each FOMC meeting; fragile leveraged positions were cleared long ago, so the reaction to a single 25bp hike is minimal.
For the mid-term, watch three indicators: ETF net inflows, stablecoin supply, and the 5% threshold on 10-year U.S. Treasuries. A single rate hike is not scary; the real big risk is a triple threat of continuous hikes + strong dollar + balance sheet reduction.
BTC is not immune to interest rates; institutional base positions are hedging against tightening. Currently, it’s a range-bound shakeout and accumulation at the top—don’t mistake resilience for a full bull market.
👉Will there be a tightening combo punch next? Share your thoughts!
$BTC
⚠️Market observation only, not investment advice #美联储重启加息，BTC为何仍有韧性？ $ETH Daily Snapshot: Shorts Forced to the Guillotine at $2,822
ETH is currently priced at $2,734, up 3.14% in 24 hours, with a market cap of approximately $329.6 billion, marking the seventh consecutive day of gains. The price is approaching a critical level—Coinglass data shows that if ETH breaks above $2,822, the cumulative short liquidation pressure on major CEXs will reach $691 million; below at $2,576, the long liquidation wall stands at $1.154 billion. Shorts are being pushed step by step toward the guillotine, but there is also a long position minefield beneath their feet.
Capital inflow continues. Ethereum spot ETFs saw a net inflow of $66.01 million yesterday, marking five consecutive days of net inflows. BlackRock's ETHA led with a single-day net inflow of $26.8 million, with a historical cumulative net inflow of $13.853 billion. The staking side is even more intense—about 41.7 million ETH are locked in staking contracts, accounting for 34.4% of circulating supply, a record high; the staking entry queue still has 1.68 million ETH waiting, while the exit queue has only 154,000 ETH, making entry demand nearly 11 times that of exits. Exchange ETH holdings have dropped to a historic low of 3.49% of total supply.
The Fear & Greed Index is at 71, still in the "Greed" zone. The network-wide 8-hour average funding rate is only +0.0025%, indicating long leverage is far from crowded. Shorts face $691 million overhead and tread on a $1.154 billion long minefield beneath—the ETH price stands at $2,734, just $88 away from triggering short liquidations.
#美联储重启加息，BTC为何仍有韧性？ $SNDK
SanDisk's resilience comes from storage price recovery, but high volatility also stems from the same reason.
When inventory declines and enterprise-grade SSD demand rebounds, price increases quickly translate into profits; however, once the industry expands capacity again, the supply-demand gap narrows rapidly.
To judge the trend, one must simultaneously look at NAND prices, inventory days, and enterprise customer orders. If price increases lack terminal demand support, short-term strength is more like cyclical trading rather than a long-term profit turning point.🔷 Why you should watch $PLUME
📋 Achievements and events:
• Cap $111.8M
• Full-stack RWA chain, 200+ projects
• DTCC working group with BlackRock, Goldman, Nasdaq (launch October 2026)
• Ether.fi $100M in Nest vaults
• Unlock 245M 09/21 showed: TVL does not convert to token
🧠 RWA chain for assets, not a single asset. Institutional validator is strong, but yield goes to depositors, not the token
🔮 Follow: DTC launch in October, gas/staking
⚠️ Risks: token utilization, Ondo
❓ Standard for RWA chain?👇 $HUMA Binance has already delisted the HUMA/USDC spot trading pair today. This will directly affect liquidity.
458 million tokens are also about to be unlocked. The dog still pulls a bit. In the case of insufficient liquidity, the market needs time to absorb this new supply. Those chasing longs now will just be stuck halfway up the mountain.$DOT DOT technology is really impressive, mastering cross-chain, sharding, and Wasm, but it gets praise without much buying interest. After last night's positive news, the price only rose slightly. Every time I see a drop, I want to call it a value dip; having been trapped before, I learned my lesson and only buy when it's extremely undervalued. What if the technical debt investment triggers an ecosystem explosion?
● Positive factors: Technology upgrades; macroeconomic easing; gradual improvement of the parachain ecosystem.
● Negative factors: Slow ecosystem development; low capital attention; token inflation.
● Forecast for the next couple of days: Tomorrow may see a slight recovery, suitable for left-side traders to slowly dollar-cost average, don't expect to get rich quickly.$ARB surged 137% in one month, yet it remains the same: sequencers earn money without sharing a cent with token holders, and the value capture of governance tokens is an empty promise.
Current price is 0.219, daily increase 1%, monthly increase 137%, market cap 1.47 billion, circulating supply 6.78 billion tokens, retraced 91% from the 2.40 peak. The L2 sector is generally recovering, with ARB leading the surge but lacking fundamental support.
The 137% monthly increase is a crowded rebound driven by the L2 sector trend, not an improvement in ARB's cash flow. Protocol revenue goes to the treasury, and token burn can't outpace monthly releases, so holders get nothing. Secondary effect: the higher it rises, the heavier the trapped positions become; 2.40 is a formidable barrier. The narrative is only 25% convincing.
Risk is bearish, support at 0.19, target 0.26, reduce position if it breaks 0.18, keep position at 10%. The 137% monthly increase in ARB is beta, not value; governance tokens pay zero dividends. Don't rely on faith under pressure from trapped holders; watch for a rebound at 0.26 first. Mainly, the US stock market often experiences false breakouts, which is why chasing gains is extremely difficult. Many times, it looks like the market is breaking upwards and about to continue rising, but in essence, it's just a bull trap created by quantitative funds, which push the price up a bit and then quickly slam it back down. This kind of false breakout is the biggest trap when chasing gains.
If you buy too early, your entry point will be too high. Even if the price hits a support level at that time, the bottom level is still insufficient, and the market will continue to drop afterward, directly falling to negative 4 or negative 4.6. Previously, it only dropped to negative 3, which can only be considered a small-level low.
In trading, the level is the foundation. If you can't judge the level correctly, it's very difficult to make stable profits and you will only keep losing. You must refine your level recognition to be clearer; this is the key to making money.
Based on the rebound theory I summarized: the entry position should reserve at least 50 points of potential rebound space.
If the potential rebound is only 20 to 30 points, the market can easily be slammed down instantly, as there isn't enough support. Only when the potential rebound space reaches more than 50 points is there a safe space for entry and exit.
If the intraday estimate can only rebound 0.7 to 1 point, this position is a mid-route order, and the price is likely to fall back again once it rebounds to the cost line.
When it reaches the cost line and you are reluctant to exit, there lies a huge risk.
There were two previous orders where, after the price hit the cost line, it continued to drop another 32 points. If the position size is not controlled well, a 40-point drawdown can lead to a big loss.The 10-year US Treasury yield has touched 5.2%, and the 30-year yield has reached 5.46%, both hitting multi-year highs. The 30-year fixed mortgage rate has also climbed to 7.45%. This rise in long-term yields is not a short-term fluctuation; the bond market is repricing.
The reason is straightforward. The Federal Reserve has resumed rate hikes, with the market expecting another increase in October, naturally pushing US Treasury yields higher. More importantly, the Treasury continues to issue debt, with the deficit growing larger and supply increasing, so buyers demand higher returns. Coupled with inflation not fully subsiding, long-term yields cannot come down. The Treasury's expansion of buybacks can only improve liquidity but cannot change the fundamental supply-demand imbalance.
This is a real pressure on risk assets. Rising financing costs make borrowing more expensive for companies, mortgage rates increase, and the real estate sector is under pressure. Stock valuations are compressed, with high-valuation tech stocks hit first. BTC is no exception; in a high-interest-rate environment, the opportunity cost of holding non-yielding assets is too high, and funds prefer to earn interest in bonds.
In the short term, BTC faces resistance around 85,000, with strong resistance between 87,000 and 88,000, and short-term support at 84,000. US Treasury yields are suppressing it, limiting rebound potential. From an operational perspective, avoid chasing highs; wait for a pullback to confirm support or wait for a clear direction in long-term yields. At this stage, watching more and acting less is better than acting recklessly. #美债长端利率持续攀升，融资压力升温 $BTC $ETH $ZEC $SOL is bullish. Current price is 120.49, just one step away from the intraday high, this upward move is not over yet. The key is the last hour. The price retracement from the high mostly forced liquidations of long positions, with shorts only a small fraction. This indicates that leveraged longs who chased the high were just shaken out, not that shorts gave up and pushed the price up. This rally was not significantly driven by short liquidations; the real short fuel is still on the field. What got squeezed out were floating positions, leaving behind more solid cost basis positions. Retail longs are decreasing in proportion, and the funding rate is fluctuating; these two should be considered background only. They only indicate one thing: retail investors are not crowded chasing the high, the market is not congested. Judgment: After short-term longs are cleared, $SOL is more likely to surge again to 122.21 and hold there; the first wave of short covering will become the source of the next acceleration. Bearish reversal condition: If the price falls back below 113.46 and today's gains are fully given back, the bullish logic no longer holds. $XRP current price 1.6157, 24h +9.32%, trading volume 460.2M USDT. MA5=1.57272 has crossed above and stabilized above MA20=1.54318, forming the initial bullish moving average alignment — this is the first layer of validation for a healthy trend. However, RSI=78.5 has entered the overbought zone, and the price 1.6157 has also broken above the upper Bollinger Band at 1.58797, indicating a short-term pull that is too rapid, making chasing the high less cost-effective.
Here is a reusable method for market analysis: moving averages set the direction, Bollinger Bands set the rhythm. When MA5 is above MA20 and both are moving upward synchronously, it indicates a medium-term bullish trend, so do not take short positions against the trend; but after the price breaks above the upper Bollinger Band, there is usually a pullback to the middle or upper band, which is the entry window, rather than buying at the point farthest from the upper band. Looking at the MACD histogram +0.007624, it remains bullish with momentum not exhausted; the funding rate +0.0100% is a mild positive premium, with no extreme signals of overcrowded bulls yet. Combined with the Fear and Greed Index at 71 (Greed), sentiment is hot but not frenzied, and the trend still has room to continue. SlowMist said it is unconfirmed, but iOS 18.4 to 18.6.2 is real
SlowMist checked for a long time and didn't find a single real case of lost coins.
But the technical evidence only covers up to iOS 18.6.2; the rumored 26.5 outside is pure speculation.
What they said: no confirmed victims, and the scope is preliminary.
Why it matters: The DarkSword chain has been in use since November 2025.
My guess is, unconfirmed does not mean it didn't happen.
Most likely the sample size is insufficient, not that no one was affected.
You have to take half of what security companies say with a grain of salt.
By the time someone really reports it, the coins are already gone.
People like me with minimal holdings don't even qualify to be targeted.
#OKX预言家：第二赛季即将收官 $ZEC #MetaMuseMonetization Meta isn't just building another AI assistant. It's building another storefront 👀
Muse is expanding into its own AI device, smart glasses and shopping services from Walmart, Best Buy and Gap.
What caught my attention is the business model. Every AI interaction could become a product search, transaction or subscription.
If that works, Muse won't just compete for AI users. It could turn attention into commerce and become Meta's next growth engine.A couple of years ago, a friend pulled me into a group chat
Every day I saw people showing off their profits
I got impulsive
Bought some $BTC
Right after buying, it dropped
Dropped so much I lost my appetite
Later, I held on for quite a while
Got back to break-even and quickly sold
Made enough for a barbecue
I calmed down after that
Now I only use spare money to buy $ETH
If it drops, I don’t add more
If it rises, I don’t chase
The trade calls in the group
I just treat them as jokes
If they were really that accurate
They’d be quietly making money on their own
I also tried a bit of $SOL
It’s really fast
My heart couldn’t take it
Held for two days and sold
Sleep better at night
This stuff
Play with spare money only
Borrowing to invest is a trap
Don’t think about getting rich overnight
Think first about what to do if you lose it all
I rarely check the market now
Work when I should work
Sleep when I should sleep
Profits are luck
Losses are tuition fees
Living steadily is better than anything #财报观察员：好市多业绩超预期，美光接棒
#美债长端利率持续攀升，融资压力升温
#Muse加速扩张，MetaAI投入或迎来变现 BTC slightly shakes, altcoins fall first! The real logic of the current market
BTC has fallen from 87,000 to 84,000, a drop of only 2%, seemingly just a minor fluctuation.
But the harsh truth of the market: when BTC sneezes, altcoins collectively crash.
DOGE plummeted nearly 8%, XRP, ZEC, and HYPE all dropped more than 5%. The market is always like this: when the wind stops, the first to fall are never the heavy stones, but the thin, paper-like small coins.
The previous strength of altcoins was not due to real spot capital entering, but driven by BTC's strength boosting sentiment and leverage pushing prices up. A market built on sentiment and leverage has no real support once macro tightening occurs.
Coupled with rising US Treasury yields, market risk appetite continues to cool. BTC has ETF funds as a bottom support, while altcoins are completely exposed, with capital retreat prioritizing the sale of small-cap coins, causing massive losses.
Currently, the focus should not be on altcoin declines, but on BTC's key range: whether the 83,000 support can hold and whether it can return above 85,000.
BTC sideways, altcoins slowly falling = funds have not flowed back; if BTC dips further, the current decline is just an appetizer.
The big trend is not broken; the short term is just macro adjustment, but the altcoins' bottoming period has only just begun.
👉 Do you think BTC can hold the support and end this round of correction? Let's discuss in the comments!
⚠️ Personal market analysis only, not investment advice #美联储重启加息，BTC为何仍有韧性？ Big Brother Maji's Position Panorama Review｜Walking Against the Trend Scene, $93.41 Million Perpetual Long Position Portfolio
Total Position Value: $93.4139 million, all perpetual full-position long combinations, with extremely exaggerated divergence among the three assets.
Position Breakdown
✅ETH｜25,000 ETH, 25X full-position long
- Unrealized P&L: +$1.2997 million (currently the only profitable position)
- Entry Price: 2523.95, Liquidation Price: 2518.29
- Key Risk: Liquidation price is very close to entry price! 25x full-position leverage means that even a slight price dip will trigger liquidation. Additionally, funding fees are as high as -$825,800, resulting in huge long-term holding costs.
❌BTC｜200 BTC, 40X ultra-high full-position long
- Unrealized P&L: -$126,900, currently at a floating loss
- Entry Price: 80923.40, Liquidation Price: 73129.42
- 40x full-position leverage is extremely high with very little room for error. Any deep BTC correction will likely trigger liquidation of this position first.
❌HYPE｜136,000 HYPE, 10X full-position long
- Unrealized P&L: -$273,400, floating loss continues to widen
- Entry Price: 92.65, Liquidation Price: 79.69
- Highly volatile altcoin with large fluctuations; once sector sentiment fades, the pullback can be very strong. $BTC This wave is just a short-term correction; will it continue to fall afterward?
There is a clear distinction between the two: typical impulse rebounds usually lack volume, $ETH shows weak performance, and BTC fails to hold support. However, in this round, trading volume has warmed up, ETH is relatively stronger, lows are continuously rising, and the market foundation is much more solid.
Only if BTC breaks below the 83000 level will it be redefined as a short-term weak rebound; this signal has not appeared at the current stage.
#美联储重启加息，BTC为何仍有韧性？ #财报观察员：好市多业绩超预期，美光接棒 Waiting for the evening dump, continuing to hold short positions to play the game
My forced liquidation price is far enough away, so the risk of liquidation is very low; I will keep holding the short positions without moving.
The ETH short position opened at 2640 is still in hand, the price has repeatedly hovered around 2700, currently with an unrealized loss close to 1000U.
The 1-hour MA5, MA10, and MA20 are all tangled around 2680; the previous one-sided rise has ended, transitioning into sideways consolidation. The moving averages sticking together indicate intense short-term tug-of-war between bulls and bears.
As long as the 2700-2720 resistance zone holds firmly, the first target is to retest 2680, then further down to 2650-2640.
The forced liquidation price is set above 3070, leaving a sufficient safety buffer for the position, but the 2800 stop-loss level is firmly maintained.
Enduring volatility does not mean stubbornly refusing to stop loss; the bottom line must be defended.
Since SNDK fell from 1908, it is currently oscillating and recovering around 1790.
Although the short-term moving averages show signs of turning, until it can reclaim 1830, it is defined as a weak rebound and not lightly considered a bullish reversal.
In contrast, GRASS remains aggressively bullish, approaching the 0.50 mark, with the 1-hour trend structure staying strong.
The overall market heat has not completely cooled down, so the ETH short position continues to be held, but absolutely no additional positions will be added.
Position capacity remains, stop-loss has been set, and the rest is left to market performance.
If the expected dump occurs, profits will be taken; if it continues to rise, the stop-loss plan will be strictly executed. $BTC #OKX星球话题来啦 Hello everyone, I am your uncle! $ICX
Intraday increase of 18.20%, current price 0.01422. This asset had been steadily declining before, hitting a low of 0.00876, long ignored by the market, but today it suddenly experienced a violent rebound.
Despite the fierce single-day rise, the RSI has just returned to around 50 and hasn't directly entered overbought territory, indicating this rebound has just started and is not the end of a short-term speculative spike. But don't forget the high historical peak at 0.07643 above, where a massive amount of deeply trapped chips are piled up, making it extremely difficult to recover directly.
This is a pulse recovery of an oversold old coin. The long decline previously weeded out most retail investors, allowing chips to settle sufficiently, so a small amount of capital can pull out a big bullish candle. The MACD has just formed a golden cross turning red, and all short-term moving averages are turning upward, with short-term bulls regaining control.
But be clear, this is just a recovery after overselling, not a complete reversal of the major trend. 0.00876 is the life-or-death bottom for this round; if it holds, the rebound structure can continue, but if it falls back, it will return to the old path of steady decline.
Many people see the big bullish candle and think the hard times are over, fantasizing about directly replicating past highs. Rebounds after long-term weakness in old altcoins are mostly phase-based; sustainability depends on whether subsequent funds continue to enter. Don't go all in recklessly; after a pulse rise, a pullback and shakeout can come at any time, so don't chase at the pulse's peak.
#VolatilityRadar: Coin anomaly observation $ICXSisters, I don't care anymore!
With ETH rebounding this time, I added to my short position. I believe my analysis won't be wrong!
Look at this market: $ETH has dropped all the way down from the high of 2806, now rebounding back to 2714, which looks quite strong.
But in my eyes, this rebound is just a setup for a short.
SAR is holding at 2677, MACD has a golden cross, but from 2720 to 2750 above are all trapped positions; every rebound is a bull trap.
Why do I dare to add to my short position at this level?
Because all the bearish signals are piling up.
First, the options market is suppressing the price.
Greeks.live data shows the ETH put/call ratio is as high as 0.67, with the maximum pain point pinned at $2380.
What does this mean?
It means market makers have a huge incentive to push the price down near 2380 to profit from their option positions.
What is 2380? It's a full $330 below the current price of 2714.
Second, smart money is exiting.
On-chain snapshots from Hyperliquid and Nansen show that ETH smart money positions are net short, with shorts accounting for 53.9%, and longs dropping sharply by 13.1 percentage points compared to yesterday.
After the previous leveraged long surge failed, they have been slowly closing positions.
Big players are withdrawing, while retail is still chasing.
Third, ETF funds are continuously flowing out.
Ethereum spot ETFs have had net outflows for four consecutive days; yesterday alone saw $251 million outflow, with Fidelity's FETH accounting for $158 million.
Institutions are voting with real money.
Fourth, whales are transferring coins to exchanges.
One whale address transferred a total of 6,000 ETH worth about $16.1 million to five exchanges including OKX, Kraken, Bybit, and Binance within an hour, likely preparing to sell.
When coins move to exchanges, it usually means a sell-off is coming.
Most importantly, if ETH falls below $2576, the cumulative long liquidation pressure on major exchanges will reach $1.154 billion.
$1.154 billion longs are just waiting to be liquidated below 2576.
This is why I dare to short: options pressure above, massive long positions waiting to be liquidated below.
My full-position short average price is 2715, isolated short average price is 2379, current mark price is 2716, floating loss still exists, but I'm not worried at all.
For sisters wanting to short, around 2714 is a good point to enter a light short position, stop loss above 2820, target first at 2600, and if it breaks 2576, then head to 2500.
I'll keep holding my short positions and fight this battle to the end.
The short army leader never gives up, tonight I'll keep eating fold-ear herb!
$BTC
$ZEC
#美联储重启加息，BTC为何仍有韧性？ Today is the Mid-Autumn Festival. While others are admiring the moon and eating mooncakes, people in the crypto circle are eating mooncakes while watching the K-line 😄. BTC is currently experiencing intense tug-of-war between bulls and bears. U.S. Treasury yields continue to rise, with the 10-year Treasury yield soaring to 5.18%, the highest since 2007. BTC has fallen steadily from its highs, hitting a low of $82,978. The macro environment is also "clashing." CME FedWatch shows the probability of a rate hike in October has risen to about 75%, and core PCE remains at 3.4%, with market concerns about continued tightening clearly heating up. On the other hand, spot ETF funds are still flowing in, with a single-day net inflow close to $1 billion. Over the past week, exchanges have also seen a net outflow of more than 12,000 BTC, indicating increased holding willingness. In the past 24 hours, the entire market liquidated $335 million, with longs accounting for 63%. High-leverage longs have been heavily liquidated in this pullback.
Personally, I feel that BTC is being pulled by two forces: one is the soaring U.S. Treasury yields and rate hike expectations, and the other is the continuous inflow into ETFs and the decline in exchange balances. Whether the 84,000 level can hold is, in my opinion, the key for the short term. Don't rush to chase; wait for the inflation data on September 30 to see the direction.$LSK
LSK crashed quite decisively today, down 13.04% in 24 hours, currently priced at 0.3493, dropping straight from 0.4862 to 0.335.
But the most striking thing isn’t the drop, it’s the fee rate—-0.1525%, negative, and deeply negative! This means shorts are effectively paying longs. Such an extreme negative fee rate often indicates a crowded short position, with strong pressure.
Open interest also fell by 7.1%, longs are cutting losses and fleeing, it looks really grim.
My view: don’t rush to bottom-fish, catching a falling knife is a life-risking gamble. But shorts shouldn’t be too pleased either; with such a deep negative fee rate, once a rebound happens, shorts will have to collectively close positions, and that scene will be intense.
This asset is a minefield right now, watch more and act less.
$LSK Now everyone must have given up on $ONE, right? Moving to the Ethereum chain is just euthanasia after the complete failure of the L1 economy.
1. In August, a cross-shard vulnerability was exploited to forge about 3 trillion ONE (which is 200 times the circulating supply). The team had to roll back more than 140,000 blocks, completely destroying the chain's trust foundation.
This is another breach of user trust following the 2022 Horizon cross-chain bridge hack by North Korean hackers who stole nearly $100 million.
2. TVL crashed from a peak of $1 billion to $150,000, basically zero; on-chain daily fee revenue is negligible.
This time, shutting down the old chain and fully migrating to Ethereum is just a more comfortable way to give up. The fundamentals are dead, and the team will no longer care.
On-chain economic activity is dead, market cap has shrunk to the tens of millions of dollars level, validators shut down nodes and took $1.37 million severance pools to become governors.
Everyone can disperse, don’t hold any hope. The second of the three bankruptcy pitfalls — stubbornly holding on without cutting losses. In the process of investment trading, we often find that after buying and incurring losses, as long as we don't sell, most of the time we stubbornly hold on, and all the losses eventually recover. So we develop this strategy of stubbornly holding on without cutting losses. Although most of the time we manage to recover, when some rare extreme market events occur, we find that we cannot bear the consequences. One of our three bankruptcy pitfalls is going against the trend, which is the real cause of our losses. However, if we add stubbornly holding on without cutting losses, our success rate appears higher because we manage to recover from mistakes. But when a major downtrend comes, although this probability is relatively low, when it happens, we find that stubbornly holding on while going against the trend causes our losses to become unlimited. When our principal is reduced to a very small proportion, to break even we need to multiply our capital several times, but the market does not offer that many big opportunities. Therefore, stubbornly holding on without cutting losses creates a very difficult predicament for us to recover our capital.Can the original text be revised to read more like a well-argued, logically structured Chinese market commentary suitable for an information platform, while downplaying the "comeback" style expression to make the content more informative:
Writing
🧐 Is holding $CORE for three years really guaranteed to bring surprises?
Lately, there’s a common saying:
“$CORE currently has little price movement, so why not just lock it in your wallet, ignore it for three years, and then open it up later? Maybe you’ll get unexpected gains.”
But here’s the question—what is the real basis for the logic that "holding for three years will definitely bring surprises"?
If a project has already undergone a long period of development but the market still hasn’t given clear value feedback, is it really reasonable to rely solely on time to generate expectations?
To take a step back, even if $CORE regains market attention after three years, why should I commit all my funds and opportunity costs for the next three years to it?
The crypto space has never lacked projects.
Over these three years, new narratives, new sectors, and new infrastructure projects may emerge, and truly promising assets with users, revenue, ecosystems, and capital interest could be born.
Rather than simply waiting for an uncertain outcome, it’s better to continuously monitor market changes and incorporate time cost into your decision-making process.
For example, $BICO, $LAB The market these past two days has been too easy to trigger emotions; you must be careful at times like this. Stripping away emotions to look at the market is actually very simple—it's just a pullback in an upward trend, the only question is how far the pullback will go. If a true reversal is to happen, it will go through a very long process, so don't be influenced by short-term fluctuations.#交易之声：你的经验值得被听到
My current understanding of a "phased top" is not that you can short just because the price has risen a lot, but that it’s worth considering only when the strength starts to weaken.
Many people get itchy to reverse add positions as soon as they see continuous rallies, but end up shorting halfway up the mountain or losing more as the price rises and adding more losses.
The trickiest part about tops is this: when it looks like a top, many times it’s not actually a top yet.
Now I first look for several signals appearing simultaneously:
First, the upward momentum clearly slows down.
Earlier it was a volume-driven surge, but later it gets suppressed after a push, even falling back immediately after a new high, indicating the quality of the advance is declining.
Second, high volume at the top, but the price doesn’t move far.
The trading volume is large, and the candlesticks are lively, but the price just can’t push through, indicating divergence is starting to appear.
Third, after breaking a key level, the rebound fails to recover.
This is the most important to me. What really makes me consider reverse adding is not the upper shadow or overheated sentiment, but the failure to rebound after breaking key support, confirming a shift from strong to weak.
The biggest fear in shorting is not lacking judgment, but using "feeling it’s high" as a reason to open a position.
High price doesn’t mean it will fall; hot sentiment doesn’t mean it will end immediately;
What’s truly worth acting on is when strength has begun to loosen and the market has given confirmation.
My habit is to rather wait for confirmation and earn less than to stubbornly short during the strongest trend.
Because many losses are not from wrong direction, but from being too early.
@OKX星球 "Priority Fee" burns about $3.5 million worth of $HYPE every month steadily. This is different from regular transaction fees; it comes from on-chain high-frequency arbitrage, liquidation frontrunning, and block priority bidding during major market volatility.
This to some extent guarantees that even under normal market conditions, about $42 million worth of spot $HYPE is forcibly and permanently removed from the secondary market annually.
Currently, Hype's open interest has reached a historic high of $18 billion. It's hard to imagine how the coin price will perform once it is officially approved to enter the US market.Bitcoin broke 83,000, directly disproving all bearish macro predictions. The 30-year mortgage rate hit 7.45%, the 10-year Treasury yield is 5.18%, opportunity cost is maxed out, mainstream coins saw 43 down and 7 up, Ethereum dropped 3.4%, XRP fell 7 to 8 points. In this torn market, ETC surged 13.5% due to short squeeze, ATOM rose 7.25%, ONDO followed BlackRock up 25%, all structural opportunities.
Just finished a building inspection, came back to the pavilion and took a sip of cool boiled water.
PHA current price 0.0705, rapid surge followed by high-level consolidation, strong bullish trend but seriously overbought. On the liquidation map, there are many long liquidations between 0.065 and 0.066, strong resistance and short liquidity at 0.075 above. The current price is exactly at the critical point of long-short game, with a high risk of major players inducing longs to sell.
In terms of operation, only after a pullback and buildup can a break above 0.075 start a new round of rally; breaking below moving average support faces a deep drop. Focus on trend protection and strictly control leverage. Enter long positions in batches between 0.068 and 0.0705, take profit at 0.075, defend at 0.065. If it breaks below 0.065, exit immediately, do not hold the position. Short positions should only be lightly tried near 0.075 on false breakouts, stop loss at 0.078, take profit at 0.068. Don't be greedy.
$PHA
#美债长端利率持续攀升，融资压力升温
@OKX星球 Don't ask "$BTC will it surge?".
The US government is shut down with no data, no conflict in the Middle East, options just settled with no catalyst.
This kind of market is just grinding.
BTC is grinding between 83–85.5k, $ETH is grinding between 2665–2685, ZEC is grinding between 1300–1584.
Whoever breaks out with volume first will give the answer first. Before that, frequent trading = paying tuition to market makers.The year before last, a friend pulled me into a group chat
Every day I saw people showing off their profits
I got impulsive
Bought some $BTC
Right after buying, it started to drop
Dropped so much I kept waking up at night
Later, I held on until I broke even
Quickly sold it
Made enough for a takeout meal
Since then, I don’t dare to act recklessly
Now I only use spare money to buy $ETH
If it drops, I don’t add more
If it rises, I don’t chase
The calls in the group
I treat them like comedy
If they were really that good
They’d be quietly enjoying it themselves
I also tried a bit of $SOL
It’s fast
But my heart couldn’t keep up
Sold it after two days
Slept well
This stuff
It’s fine to play with spare money
Borrowing money to go all in is a trap
Don’t expect to get rich overnight
First think about what to do if you lose it all
I rarely check the market now
Work when I should work
Sleep when I should sleep
Profits are luck
Losses are tuition fees
Living steadily is better than anything else#财报观察员：好市多业绩超预期，美光接棒
#美债长端利率持续攀升，融资压力升温
#Muse加速扩张，MetaAI投入或迎来变现 #美债长端利率持续攀升，融资压力升温
US Stock Pre-Market: Money is flowing into AI computing power, crypto is just sipping soup
Currently in the US pre-market, funds are moving along two lines. One clear line is AI computing hardware; Akamai secured a $11.6 billion order from Anthropic, soaring 20% pre-market—this money is genuinely being invested. Broadcom, Micron, AMD are making small upward steps, indicating that computing infrastructure remains the main battlefield.
The other line is the crypto concept: MSTR, BMNR, COIN are all in the green, but look at the gains—BMNR only up 2%, a typical follow-up rise, not driven by itself. The 80% surge in Riot is an isolated case due to turning profitable, not representing sector logic.
So before today's open, the offensive direction is quite clear: AI computing power is the home field, crypto here is just the mood group.Is this just a temporary recovery before another drop?
Clear difference: temporary recoveries usually have weak volume, $ETH lags behind, $BTC fails to hold support. This time: volume improves, ETH leads, forming a higher bottom → a stronger foundation. It only becomes temporary if it loses $83,000, which is not seen yet.
There are 2 days left until the end of the week, then everyone will know?
#ETHETF3WeeksInflow
#CostcoBeatsMicronNext Transaction confirmed on-chain in 6 seconds vs. advertised sub-second confirmation, where exactly is CORE faster?
⚠️This article is only an on-chain investment research review and does not constitute any investment advice.
Many people have doubts after reading CORE's promotion: on one hand, it claims sub-second transactions, but the official documentation states final confirmation takes about 6 seconds. These two figures are not contradictory, but most marketing materials deliberately omit definitions, causing misunderstandings. We will break it down clearly to show where CORE truly speeds up.
1. Two completely different time concepts
1. Sub-second pre-confirmation (the "sub-second transaction" in promotions)
When a user signs and sends a transaction, the network broadcasts it within a few hundred milliseconds, nodes receive the transaction, and the wallet immediately shows the transaction as received.
This only means the network has received it and placed it in the transaction pool queue; the transaction is not yet on-chain and still carries risks of rollback or double-spending. It cannot be considered as funds settlement completed.
2. 6-second final settlement (Fast Finality, the official true finality time)
The Hermes hard fork introduced the BEP-126 fast finality mechanism. After the transaction is packaged into a block and waits for 2 blocks (about 6 seconds), the transaction becomes irreversible and permanently recorded on the ledger; only then is the fund truly settled.
2. Where exactly is CORE faster? ✅ Real improvements
CORE uses Satoshi Plus hybrid consensus: BTC hash power secures the underlying ledger; 21 DPoS validator nodes handle transaction packaging, block production, and smart contract execution.
1. Compared to native Bitcoin: Bitcoin produces 1 block every 10 minutes, while CORE's final confirmation takes only 6 seconds. For BTCFi's DEX, lending, and on-chain swap scenarios, 6-second finality greatly alleviates Bitcoin's native network slowness, with theoretical TPS up to 8500, supporting high-frequency on-chain operations.
2. Full EVM compatibility allows Ethereum Solidity code to be directly migrated, facilitating developers to build the BTCFi ecosystem.
3. 21 validator nodes take turns producing blocks with stable block times, unlike pure POW chains which fluctuate in speed due to hash power variations.
Key point: Speed comes from the 21 DPoS validator nodes, not Bitcoin hash power. BTC hash power only secures voting, not transaction packaging.
3. Marketing text trap: swapping “pre-confirmation” and “final confirmation”
❌ Trap: Promotions simplify to “sub-second transactions,” omitting the word “pre-confirmation.”
This creates the illusion for ordinary users that submitting a transaction means it is permanently settled within milliseconds.
The truth: sub-second only means the transaction is received; true settlement takes 6 seconds.
Analogy: When you initiate a bank transfer, the app immediately shows "submitted" (sub-second pre-confirmation), but the funds actually clear and arrive after processing (6-second final confirmation). App submission ≠ funds settlement.
4. No matter how fast performance is, it cannot solve legacy risks
1. Decentralization trade-off: Only 21 validator nodes have block production rights network-wide. Fewer nodes increase risk of collusion compared to Bitcoin's massive hash power nodes, compromising decentralization.
2. Hash power protects the ledger but not smart contracts
The August 31 reward contract vulnerability is a typical example: the underlying hash power network was intact, but a bug in the reward contract code minted 69 million ghost tokens out of thin air.
Hermes only improves transaction speed and cannot fix historically leaked ghost tokens. These low-cost tokens create long-term selling pressure. No matter how fast transactions are, token risks cannot be eliminated.
Summary
The CORE Hermes upgrade’s 6-second final confirmation is a solid performance improvement, and sub-second pre-confirmation is a real feature.
However, marketing deliberately blurs the boundary, packaging pre-confirmation as final settlement, which is a word game.
Its advantage is compressing BTCFi transaction finality to 6 seconds, but remember: transaction speed ≠ fully decentralized network; performance upgrade ≠ contract security or clean tokens.
💬 Interactive question: In the BTCFi space, do you think on-chain confirmation speed or token supply security is more important?
#CryptoResearch #CORE #BTCFi #HermesUpgradeDamn, SOL has surged to 122, but why is BTC still stuck around 84400?
Tonight's market is quite interesting; the three brothers are finally showing some divergence.
BTC just touched a high of 85242, now back to 84441, pushed down by selling pressure after the spike. ETH is performing well, rebounding from 2626 all the way to 2743, currently around 2714. SOL is even stronger, jumping straight from around 112 to 122.2, now at 120.5, clearly stronger than BTC in the short term.
But I’m not ready to chase BTC here. The 15-minute MA5 is at 84474, MA10 at 84659, MA20 at 84532; the price has fallen back below all three moving averages, and MACD is starting to weaken. There’s continuous selling pressure near 85000, bulls need to put in more effort.
I plan to watch the 84000–84200 range first, targeting 85000–85250. If 84000 breaks, I’ll re-evaluate support around 83500.
ETH’s 15-minute MA20 is at 2705; if it holds the 2700–2705 support, I’ll keep looking for long opportunities, first aiming for 2730, then challenging 2743; if it breaks below 2690, I’ll exit.
Although SOL is the strongest, profit-taking has appeared near 122. The 15-minute MA5 is at 120.44, MA10 at 120.18; as long as it holds around 120, I’ll still watch for 122.2, and after a breakout, observe 124–125. If it breaks below 119, I won’t rush to chase.Two years ago, I saw people around me talking about this
So I opened an account too
My first purchase was $BTC
Right after buying, the price dropped
Those days, I felt unmotivated to do anything
Later, I held on for quite a while before breaking even
On the day I broke even, I quickly sold
Made enough for a barbecue
I learned my lesson
Now I only use spare money to buy some $ETH
Not much
If it drops, I don't add more
If it rises, I don't chase
There are always people shouting trade tips in the group
I just see it as a joke
If it were really that accurate
They would have quietly gotten rich themselves long ago
I also tried a bit of $SOL
It’s fast, but my heart raced too
Held it for two days and then sold
Finally could sleep at night
This stuff
Is fine to play with spare money
Borrowing money to invest is a trap
Don’t always think about getting rich overnight
First think about what to do if you lose everything
I rarely check the market now
Work when I should work
Sleep when I should sleep
Making money is luck
Losing is tuition
Living steadily is better than anything else#财报观察员：好市多业绩超预期，美光接棒
#美债长端利率持续攀升，融资压力升温
#Muse加速扩张，MetaAI投入或迎来变现 Exchange BTC balance plummets, bull market signal lights up for the fifth time
$BTC: Single-day outflow hits a three-year record
A leading exchange recorded a net single-day outflow of over 13,800 BTC, marking the largest single-day outflow since 2023. Over the past four days, the platform's reserves dropped from about 705,000 BTC to 685,000 BTC. The average daily net outflow over the past week was about 2,000 BTC. The continuous decline in exchange balances usually indicates investors are moving assets to self-custody, reducing potential selling pressure.
On-chain analyst Darkfost pointed out that the short-term holder cost basis has crossed above the active long-term holder cost basis, a bull market confirmation signal that has appeared for the fifth time so far. More than 3.5 million BTC have not moved for over 10 years and continue to increase at a rate of 8,000 to 30,000 BTC per month.
$ETH and $SOL: Following rotation
ETH has risen above $2,700, and the Ethereum/BTC ratio has started to strengthen. Glassnode's altcoin cycle signal has entered the alt season range, reaching 81.25/100. The total market cap of altcoins has rebounded to about $1.17 trillion, a significant recovery since August 19. SOL broke through $120, rising more than 5.8% in 24 hours, performing strongest among major altcoins.
BTC continues to flow out of exchanges, with the bull market confirmation signal lighting up for the fifth time. Funds are diffusing along the risk curve toward ETH and SOL. However, the alt season signal does not equate to a full bull market; rotation is still in its early stages. Deribit Options Settlement Day: $18 Billion Contracts Approaching, $BTC Enters High Volatility Window
Today, Deribit faces a large-scale options settlement, with about $15.9 billion in BTC and about $2.1 billion in ETH, totaling $18 billion, accounting for approximately 37% of the platform's BTC open interest. At this scale, the market is unlikely to remain calm.
The options structure shows a put/call ratio of 0.7, with call positions dominating, indicating a bullish market sentiment. However, a high number of long positions does not necessarily mean prices will rise. Around settlement, market makers frequently adjust their positions to hedge Delta, which can cause sharp spikes and short-term intense volatility. High-leverage positions are most vulnerable to liquidation.
Historically, large settlements are accompanied by volatility spikes, with prices repeatedly fluctuating within the settlement window. Heavy directional bets during this time carry much higher risk than usual. A safer approach is to reduce position size, widen stop losses, or wait until after settlement and volatility subsides to seek trends.
$ETH and $ZEC may move in correlation; avoid chasing pumps or dumps during spikes. On settlement day, survival comes first. For observation only, not investment advice.
#美联储重启加息，BTC为何仍有韧性？ #美债长端利率持续攀升，融资压力升温 Why is the price still rising without good news?
A question many are concerned about right now:
- Because the previous price drop was not due to bad news, but due to profit-taking + option expirations.
- When the factors pushing the price down lose their effect, the price naturally returns to its true value.
- The market doesn't need good news to rise, just the absence of major bad news is enough.
Do you think there are any other factors? Please give your feedback
#FedHikesBTCResilience #CostcoBeatsMicronNext U.S. Treasury yields pressing down, crypto market dozing off
$BTC 84463, 4-hour SAR at 85780 pressing down, RSI 49, MACD underwater, grinding back and forth between 84000—85000. U.S. Treasuries are too fierce: 10-year at 5%, 30-year once at 5.444%, a new high in 22 years, risk-free returns are drawing away off-exchange funds. Although ETF net inflow is 347 million, IBIT accounts for 166 million, shorts were liquidated by 12.26 million in one hour, still like using a water gun to put out a fire. BTC support at 82800, resistance at 85000, break either way follows that side.
$ETH 2685 weaker, moving averages converging at 2677—2712, SAR 2713, RSI 47.59. Vitalik calls for STARK acceleration, market does not respond; ETH ETF had a net outflow of 141 million last week. Support at 2626, losing that looks at 2600.
$ZEC 1538 up 1.47%, a bright spot in stagnant waters. Privacy sector market cap rose from 11.97 billion to 36.51 billion in May, ZEC contributed 20.27 billion; Grayscale ZCSH had net inflows exceeding 500 million for 16 consecutive days, shorts lost 36 million. Range 1455—1680, RSI 51, watching if it can break 1650. Mid-term compliance logic unchanged.
Strategy: BTC 84000, ETH 2626 are lifelines, hold to sideways, break down reduce; control your hands, wait for direction. Not investment advice. #美联储重启加息，BTC为何仍有韧性？ #美债长端利率持续攀升，融资压力升温 The first month's report card was just submitted, and the market immediately responded: "Graduation is fine, but no vacation." Today BTC is fluctuating around 84,000U, after previously touching 87,000 and starting to digest the gains. A bigger variable is that nearly $18 billion worth of BTC+ETH options expire today; such a large quarterly settlement can easily cause short-term prices to be pulled in multiple directions simultaneously. The good news is that the funding side hasn't completely cooled off: the US spot BTC ETF saw a net outflow of $5.8 billion earlier this year, but has now reversed to about $800 million net inflow. The market can be stubborn, but money is generally more honest. On the other hand, altcoins are quite lively today, with 93 out of 100 in the CoinDesk 100 rising; despite Bitget just experiencing a roughly $350 million security incident, the market surprisingly did not collectively give up. The crypto world is sometimes just like this. Today's live trading｜Day 31 Return rate: +2.56% Profitable days: 27 / Losing days: 4 Win rate: 87.10% Profit-loss ratio: 2.00 : 1 Yesterday was +1.98%, today directly pushed to +2.56%. However, the easiest mistake to make at this point is to start calculating retirement age in your head right after producing a nice monthly report. Day 31, the second month starts work. The first month was responsible for building confidence, the second month is responsible for verifying whether that confidence was an illusion. #LiveTrading #QuantitativeTrading Two days ago it dumped and the whole group was screaming "waterfall incoming, short it to 1200". I got excited too, thought my short would finally be saved. But exactly because EVERYONE shouted short, too many shorts piled in recklessly, funding went -0.3% and boom - today it squeezes back up. Trading ZEC you really can't just brainlessly short. My take - this wave is not done, it won't close below *1650* today. Let's look at the data now: *$ZEC now at $1678.4, +5.1% in 24H.* Yesterday low was *$UNI outperformed the market today with a +1.45% gain, but don't forget, its own L2 Unichain is competing for Ethereum's business, yet none of the sequencer fees go into UNI's pocket.
Current price is 9.21, up 1.45%, market cap 5.73 billion, 24h volume 1.14 billion, circulating supply 620 million tokens, down 80% from the 44.97 high. The protocol matched 1.1 billion USD today, fees went to LPs and the treasury, with zero dividends to token holders.
Unichain is UNI ecosystem's L2; TVL and sequencer revenue are rising, but this money goes to on-chain validators and the treasury, UNI holders still receive zero dividends. Secondary point: the so-called value capture is just sticking others' growth onto UNI's own K-line, with no real cash arriving in wallets. The narrative is only 30% true.
Risk is neutral to bearish, support at 8.5, target 10, reduce position if it falls below 8.2, position size 15%. UNI's rise is a mirror market, not its own cash flow. No matter how hot L2 gets, no dividends for holders is just empty joy. Conclusion first: The rise is real, but don't chase at 84400—that's someone else's cost.
Why say this wave is "steady but not strong": price rises, but open interest does not. BTC open interest is 95,515 contracts, 12% lower than 109,189 contracts on 9/22, indicating short covering + spot buying, not new leverage buildup.
An overlooked signal: BTC funding rate has turned negative at -0.0013%/8h, shorts are paying longs. Price rises while shorts keep adding, this is short squeeze fuel.
How to buy (in plain language):
① If you have no position: wait for a pullback to 83600-83900 to enter 1/3, then 83000-83200 to enter another 1/3, keep 1/3 cash. Stop loss at 82300 (based on daily close, ignore wicks). Take profit half at 85200, then half again at 87200. Risk 1300 points to gain 2800 points, risk-reward ratio about 2.2:1.
② If you have a position: don't add, move stop loss to 83300.
③ If you want to bet on a breakout: wait for 4-hour close above 85300 to follow, stop loss at 84300, position no more than 1/5.
Three conditions not to buy: daily close below 82300; funding rate turns positive and exceeds +0.03%/8h; open interest surges 10% in one day but price does not rise.
Focus on spot, avoid using futures. I will admit I'm wrong if daily close holds above 87500.*2780* can't even hold now. This bounce might be done. My $ETH short - average *2658*, now price is hovering at *2775*, floating loss still *-3,850U*. It's painful but still within plan. Previous high was *2855* two days ago, and since then it's been lower highs. *2780* has been tested 4 times today and keeps getting rejected. Classic exhaustion. I'm just waiting for US open tonight. If *2760* breaks, I think we can drag *2700-2680* down quickly. --- $XPL was wild today, spiked straight to *0.14I rarely short because the returns from shorting are far lower than going long. Teacher Fu once said a profound truth: shorting is like a discount, going long is like doubling.
An asset can only fall to zero at most; it cannot go negative. I know what you're thinking, don't bring up extreme cases like crude oil futures. In the spot market without leverage, the price falling to zero is the limit, and the maximum profit a short seller can make is this 100% drop. But what about going long? There is absolutely no ceiling upwards; theoretically, there is unlimited upside potential.
Think about Bitcoin many years ago—who would have thought it could reach over $80,000 today? If you went long at a low point, even with a small investment, that would be hundreds or thousands of times the return. If you had shorted, you would have been crushed by the wheels of history long ago. Look at Ethereum, climbing from a few dozen dollars to now around 2700 or 2800, wiping out many shorts who thought they were smart. The recent example of ZEC is even more vivid, soaring from a few hundred dollars to over 1600.
Shorting means betting on a drop, living in constant fear of a short squeeze, at best making discounted profits, and a slight negative event can blow you up; going long means betting on the future, betting on technological breakthroughs and consensus expansion. Once you catch the right wave, the asset multiplies upward.
Short less, go long more. The big trend is always upward; human wealth and consensus are expanding. Shorting is against the trend, going long is with the trend.
Remember, you can't do business at a discount; if we want to make money, we make big money by doubling!$BTC $xMSTR On September 25, 2023, MicroStrategy submitted a brief 8-K filing to the U.S. Securities and Exchange Commission. The document contained two nearly identical figures. The first figure was $147.3 million. Between August 1 and September 24, MicroStrategy purchased approximately 5,445 bitcoins, spending about $147.3 million in total, with an average price of $27,053 per bitcoin, fees included. The second figure was also $147.3 million. During the same period, the company issued and sold 403,362 Class A common shares in the open market, netting approximately $147.3 million after sales commissions. The filing did not specify that every dollar was designated for this batch of bitcoins, but the two amounts align almost perfectly. The company issued new shares to the market and then converted the proceeds into bitcoin. The dates also need to be distinguished clearly. The 5,445 bitcoins were not purchased all at once on September 25. The actual purchase period spanned from August 1 to September 24; September 25 was the date the company officially disclosed the transactions. SEC records show the filing was made public at 8:00:52 AM Eastern Time on that day, which converts to 8:00:52 PM Taiwan Time, still on September 25. After completing this purchase, MicroStrategy and its subsidiaries held approximately 158,245 bitcoins, with a cumulative purchase cost of about $4.68 billion.Waiting for the drop tonight, not in a rush to close. My $ETH short from *2745* is still holding, price is chopping around *2790-2805* now, floating loss around *-680U*. Manageable. On the 1H chart, MA5 / MA10 / MA20 are all squeezed tight around *2780*. The strong uptrend from yesterday has stalled and gone into consolidation. Moving averages converging = bulls vs bears in a stalemate here, waiting for US session. My plan is still the same: As long as *2815-2830* holds as resistance, I keep loo