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⚠️ Nonfarm payrolls positive effect realized! Surge then pullback, market shows hidden divergence
After the nonfarm data release, the market was initially impulsive, then calmed down. The Fed's October tightening expectations cooled down, US Treasury yields fell, theoretically benefiting risk assets, but the market experienced a surge followed by a pullback.
$BTC
After the nonfarm data, it once surged to 87238, but lacked support at the high, falling back to around 85,000, then retesting 84,000.
The key now is whether it can firmly hold above 85,000 again; if it fails to close above, this rebound is only a false strength.
$ETH
Surged intraday to 2750, generally following the broader market.
2700 is the short-term lifeline; holding it offers a chance for sector catch-up rallies; once broken, weakness will quickly spread.
$ZEC
BTC and ETH fluctuated with the nonfarm data, while ZEC continued to decline. It fell from above 1400 on October 2 to around 1280, down about 4% intraday, with a clear weekly retracement as previous profit-taking continues.
Core logic:
BTC sets the direction, ETH verifies capital diffusion, ZEC observes whether profit-taking is cleared. Without resonance among the three, the rebound is unlikely to go far. Whale & Flow Watch
$SUI whales are currently 73.5% long, while open interest has climbed 9% to around $164M. Spot ETFs have also recorded 12 consecutive weeks of inflows, accumulating roughly 9.3M SUI since February.
Meanwhile, $AVAX whale netflow jumped 191.9% over the past week, alongside a sharp increase in large transactions.
$KSM is also showing signs of accumulation, but there’s no confirmed dated data to fully validate the move yet.
Which one are you watching most closely
#DailyOrbit SOL at $119, are you chasing it?
ETF inflows reached $1.6 billion in three months, stablecoin supply hit a new all-time high, and the whole network is shouting "SOL to 150"—but just now, the price dropped from 123.8 back to 119, and funding rates briefly turned negative. Is this the final shakeout before the main uptrend, or a high-level standstill after all the good news?
Let's look at the surface first: the rally failed, but the trend is intact.
On October 2, it surged to 123.8 but couldn't hold and fell back near 119. The daily price remains above all major moving averages, the 50-day MA is still above the 200-day, and RSI is about 63—strong territory but no longer expanding. The candlesticks tell you: 116-125 is a consolidation platform, this is digestion, not collapse. But the directional advantage is thin, and there will be many false breakouts.
First thing: this move isn't driven by technical miracles, it's backed by real money.
The US stock spot SOL ETF saw cumulative net inflows exceeding $1.6 billion by late September, with assets under management close to $2 billion. The week of September 21-25 saw $188 million inflow, the second highest single week since listing.
In plain language: Wall Street is buying, and has been buying for more than ten consecutive weeks.
But—early October saw a clear slowdown in this inflow. So you see it can't hold above 124.
Here's the painful part:
It's not that SOL is failing, the buying is just taking a breather. You think it's a top, but it's actually a gas station.
On-chain data is even more intense: stablecoin supply hit a new high around $17.3 billion, RWA scale is at a record, and tokenized stock holding addresses exceed one million. On September 17, the SEC granted a five-year exemption for tokenized stocks, with Solana as a main recipient.
Institutional use cases are landing, not just PPT.
Second thing: fundamentals are improving, but there's a critical flaw that must be deducted points.
Alpenglow upgrade is close to activation: fault tolerance threshold raised from 33% to 40%, voting moved off-chain, faster finality, cheaper transactions. This is a mid-term narrative, partially priced in.
However—
Base layer fee capture remains weak. Validators take the bulk of fees, token holders' share dropped from about 68% at the start of the year to about 27%. Staking rate is near 70%, annualized 5%, locked tokens support price, but that doesn't mean the token itself is earning network revenue.
Fee distribution reform hasn't been implemented yet.
In simple terms:
The SOL network is making money, but SOL token holders are getting less and less. This is the only sleepless point in the mid-term holding logic.
Third thing: technically, 119 is stuck just below the pivot.
Daily: bullish structure remains, but momentum is flattening. From mid-September, it rose from 100 to 125, then consolidated between 116-125.
4-hour: October 2 rally to 123.8 failed, fell back to mid-platform. MACD near flat, bulls crowded, funding rates turned negative at times—long positions are reducing, not a new main rise.
Key levels (per perpetual):
Resistance above: 119.8-120.6 → 122.8-124.4 → 125-127 → 135 (channel upper edge)
Support below: 118.2 → 116.5 → 113.7-112.3 (platform lower edge + 20-day MA)
Daily close below 113.7 changes structure from "platform" to "deeper retracement," next target 108-110.
Only a close above 124.4 with hold looks at 127/130.
Bull vs bear, you decide:
On one side:
ETF cumulative inflows $1.6 billion, net buying for over ten weeks
Stablecoins + RWA + tokenized stocks, institutional use cases landing
Daily bullish structure intact, price above all MAs
Alpenglow upgrade mid-term positive
On the other side:
ETF inflows slowed significantly in early October, can't hold above 124
Weak fee capture, holders' share dropped from 68% to 27%
If BTC breaks 83100, SOL's 116 likely breaks too
Funding rates turned negative, longs reducing positions
Trading strategy (no nonsense, perpetual perspective):
Single trade risk controlled within 1% of account. SOL daily volatility of $3-5 is normal.
Within the box (most likely current):
Don't chase at 119. If it rebounds to 122.8-124.4 with volume and upper wick, and 4-hour can't close above, light short with stop loss above 125.5, targets 118.2/116.5. If it falls to 116.5-118.2 with long lower shadows, buy in batches, stop loss below 115, targets 120.6/123.
Breakout trade:
4-hour close above 124.4 with volume, then look at 127-130, stop loss below 122. Daily close below 116.5 and failure to reclaim, short targets 113.7/112.
Invalidation conditions:
BTC effectively breaks below 83100, SOL's 116 unlikely to hold alone, reduce leverage. If ETF sees several days of net outflows, breakout trades above 124 lose weight.
To put it bluntly:
You think 125 is too high, but you still don't dare to buy at 119—so when exactly do you want to get in?
SOL is now at the platform mid-axis after failing at 124, daily bulls still intact, short-term grinding near the pivot.
Wait for a valid 4-hour break on one side before adding positions. Don't heavy bet on direction prematurely at 119.
$BTC $ETH $SOL #美国9月非农仅增2.9万，失业率升至4.2% BNB IS AT A DECISION ZONE 👀
$BNB is hovering around $769.
Key levels to watch:
📍 $746 — support
📍 $783 — immediate resistance
📍 $807 — breakout zone
📍 $730 — deeper support
Meanwhile, the BNB ETF + upcoming 37th burn are giving traders two major catalysts to watch this month.
Do you think BNB breaks $807 or revisits $746 first? 👀
$BNB #BNB #BNBChain #CryptoDebasement trade has recently started heating up again,
Trump mentioned in an interview with Time magazine that a certain level of inflation can very quickly reduce the US debt burden.
The US federal debt has now exceeded 40 trillion dollars. If the debt growth rate continues to outpace economic growth, nominal economic growth and inflation will become ways to reduce the real debt burden.
Here comes the problem... When there is a persistent expectation of dilution in fiat currency purchasing power, capital naturally seeks assets that can hedge against this risk.
Gold is one option, Bitcoin is another, so it’s not surprising that the market has recently been discussing the "Debasement Trade" again. $BTC $XAU Exactly right — *the most costly thing in a consolidation is impatience*, and you’ve perfectly explained the current $BTC $85300 grinding market.
All the points you made are the essence:
*$BTC 85300 is the meat grinder price level:*
- Above, $86.8K-$87.2K four fake breakouts to shake out longs
- Below, $84.5K-$83.2K wicks to shake out shorts
- $ETH $2715 is even tougher, after a fake breakout at $2730 it plunged to $2690 wick
Your point that *$83200 is the last line of defense for bulls* is very accurate — that’s the daily 20-day moving average + last week’s low + $180M long liquidation level. If it holds, the $85.3K→$87K→$90K structure remains intact. If it breaks, as you said, the "correction isn’t over," and the target is directly $80K.
*The easiest to misread is what you said:*
> Consolidation doesn’t mean no risk, it means more wicks
Now the 4H Bollinger Bands have tightened to the narrowest since September 20, volatility compression = before the next big green/red candle, there will be back-and-forth stop hunts on both sides. Those with stop losses set at $84.8K and $85.8K in this narrow range have already been shaken out twice today.
So your last sentence is the answer:
> The ones truly shaken out are those who act before the direction is clear
Before the direction is chosen, position size is the only controllable factor.
*How to control now:*
- For $BTC $85.3K grind, either don’t trade or only use 1/3 position size
- Widen stop loss below $83.2K, Coinbase closed at 183 on Friday, down exactly 3.32%, as the Community Bankers Association filed a lawsuit against the OCC that day.
Observed: Opened at 194.64, high 200.35, low 180.81, closed at 183, previous close 189.29, with about 12.87 million shares traded, volume clearly spiked and dropped sharply.
ICBA sued the OCC, claiming that issuing a national trust bank charter to crypto companies was beyond its authority; Coinbase and Circle are both named in the lawsuit.
The lawsuit targets the March rule this year, stating that national trust charters should not be granted to crypto companies primarily engaged in non-trust business.
After the nonfarm payrolls increased by only 29,000 and the unemployment rate rose to 4.2%, regulatory litigation adds another layer of risk premium.
US stock markets are closed over the weekend; Monday's open is the most likely time for news-driven shakeouts, so don't take Friday's bearish candle as a confirmed trend reversal.
My view: Short-term is a bearish shock; whether the trust charter can hold in the mid-to-long term depends on the courts. The odds of chasing shorts now are not favorable.
Talk about continuation only if it breaks below the previous low; it's safer to observe over the weekend rather than chase.
What to do: Observe and don't chase; if it breaks below about 180.81, or if it holds above about 200.35, then consider a rebound.
Do you trust the community banks to overturn the charter, or do you believe the OCC will hold its ground?
$COIN $CRCL $BTC
#US September nonfarm payrolls increased by only 29,000, unemployment rate rose to 4.2% #BTC, ETH spot ETFs simultaneously see outflows, cooling capital enthusiasm🐋 $ETH WHALE POSITION
A major ETH long opened around $2,134 is now sitting on an unrealized profit of roughly $16.52M.
This wallet began accumulating in mid-August, adding 30,000 ETH and holding the entire position through the move.
But the interesting part isn’t the profit.
👀 The whale has already placed a sell order near $4,000.
Could $4K become the level where this massive position starts taking profit?
#DailyOrbit #G7OilReserveRelease #NvidiaRecordHigh Ordinary small retail investors often choose multiple trading varieties due to insufficient capital reserves, and their trading preference tends to lean towards small-cap altcoins, hoping to hit one or two coins that multiply tenfold or a hundredfold to turn things around. However, 99% of altcoins ultimately end up worthless.
In fact, just trading ETH and BTC to develop your own profitable system has a higher success probability than searching for those tenfold or hundredfold gains in the vast market.Wall Street closed. Solana didn’t.
BlackRock shares are now tokenized on Solana as $BLK: 24/7 tradable and redeemable 1:1 for the underlying NYSE share. This follows another striking datapoint—63% of Solana tokenized-equity volume has occurred while U.S. exchanges were closed.
SOL itself is ~$119.34 on OKX with ~$2.96B daily turnover.
Crypto’s next battleground may be market hours, not coins.$BTC is undergoing a round of long deleveraging between 87,123 and 83,841.9: in the past 24 hours, contract long liquidations amounted to 25.84 million USD, while shorts only 10.04 million USD. The story of crude oil supply needs to pass through inflation and interest rates first before it affects crypto; panic will be reflected first in options. Currently, it is not reflected: DVOL is 35.0, open interest put/call ratio is 0.85, traded put/call ratio is 0.87, indicating fewer bearish positions than bullish. Funding rates for the last three periods are 0.0012%, 0.0046%, and 0.0004%, close to zero but still positive; longs are slowing down, yet no one is willing to pay to short. Contract open interest of 8.27 billion USD remains on the market. My judgment is bullish: this is a leverage clearing within a 3.9% amplitude, not macro shock pricing; if the low of 83,841.9 holds, the price will return to the upper half of the range. Conditions for bearish reversal: break below 83,841.9, funding rate turns negative, and DVOL rises significantly from 35.0. If all three occur, it indicates the market starts pricing this news as risk, and the bullish view is invalidated.Toshiba plans to expand mechanical hard drive production, ending Seagate and Western Digital's duopoly
Toshiba plans to invest about $380 million to double its high-capacity mechanical hard drive (HDD) production capacity for AI data centers by fiscal year 2027.
This expansion move impacts Seagate ($STX) and Western Digital ($WDC), and their stock prices have already clearly reflected this.
It's not a good time to enter in the short term; Toshiba's major move directly breaks the balance,
and with Great Wall also making a big push later, it is likely to have a significant impact.Non-Farm Night — Took a Loss 😅
Last night was NFP night, and the employment data came in weaker than expected.
I was expecting Bitcoin to push cleanly through $87,500, but instead, BTC only managed a brief move toward $86,500 before slipping into choppy consolidation.
Now, Bitcoin is testing the $87,000 area for the second time.
The key question is whether this test finally brings a breakout — or another rejection. 📊
#DailyOrbit #BTCETHETFOutflows #USNFPDataCools 🔥BTC and ETH short-term outlook:
Last night’s non-farm payroll data was weak, but the market surged before pulling back. The weakening employment only reduces the expectation of a rate hike in October; it does not mean tightening is over. This employment decline is a temporary fluctuation.
The Federal Reserve’s core focus remains inflation, with CPI being the key to breaking the deadlock. Market sentiment is fragile; only when oil prices and inflation truly decline can the market stabilize.
BTC and ETH are unable to reclaim previous highs despite favorable conditions, facing heavy selling pressure above. Support levels: $BTC 82000, $ETH 2600. The market remains range-bound, and short positions should be held for the short term. #BTC、ETH现货ETF同步转流出，资金热度降温 #美伊局势持续紧张，G7将释放最多1亿桶储备 $SAND is harder than a rock, too hard
1. MACD is still below the zero line, DIFF remains below DEA, the short-term trend is still bearish;
2. SAR dots are at 0.07676, still pressing above the price, indicating the trend has not reversed;
3. The rebound is blocked and falls back once it reaches above 0.074, unable to break through
After a sharp rise, many bottom-fishing funds will enter, creating what looks like strong buying pressure, slowing down the decline and resulting in sideways consolidation.
However, the range from 0.075 to 0.079 above is full of chips trapped from yesterday's surge; as long as it rebounds there, those who are breaking even will sell.
If volume increases later, holding steady at 0.074 and reaching 0.076, it means buying has shifted from "passive acceptance" to active offense, which is truly strong.
• If every rebound to 0.074 is pushed down, even if there is buying below, it is just consolidation, and bears can test the 0.070 support at any time BTC mining difficulty eased just a little today
On October 3rd, Bitcoin completed a difficulty adjustment at block height 969696. According to the block timestamp, Beijing time 15:16; difficulty dropped from about 13.276 trillion to 13.272 trillion, a decrease of approximately 0.0309%. It's best not to overlook these decimal places.
This is more like a slight fine-tuning of the violin's tuning knob, not yet time to change the instrument. Seeing "a decrease" might make you imagine miners collectively taking a holiday, but that imagination is indeed bigger than the adjustment itself.
Difficulty measures how hard it is to find a valid block. It is recalculated every 2016 blocks based on the time taken in the previous period to calibrate the block production pace. This change is very small; you can't judge that miners are massively withdrawing just from this, nor should you take it as a signal for BTC's upcoming price moves.
For miners, the calculation must also consider electricity costs, machine efficiency, coin price, and fees; for onlookers, first distinguish between "adjustments that have occurred" and the "next predicted adjustment" shown on websites.
The chain just turned the knob slightly, but this market tune hasn’t yet written its next bar because of it.
#BTC #Bitcoin #MiningDifficulty Nonfarm payroll data clearly weakened, yet BTC bulls were massively liquidated. Why?
September nonfarm payrolls increased by only 29,000, far below the expected 84,000–90,000, unemployment rate at 4.2%, wages up 3.0% year-over-year, overall employment data is weak.
After the data release, $BTC surged to 84,000, then over $326 million in liquidations occurred across the network, mostly long positions.
Here lies the issue: the rise may have been driven by stop-losses and chasing in a thin liquidity environment, not representing genuine spot buying.
After hitting 87,000, selling pressure appeared.
Weak data ≠ BTC will definitely rise; the key is how capital and price move.
#USNFPDataCools #BTCETHETFOutflows #G7OilReserveRelease ETH wallet disconnected, but authorizations may not be logged out together
When you see "Disconnected," don't rush to interpret it as "all permissions have been cleared." On Ethereum, disconnecting the wallet from a website does not automatically revoke previously granted standard ERC-20 token authorizations.
These authorizations allow a specified address to transfer the corresponding tokens within a set limit. The records are stored on-chain; closing the webpage or logging out of the site usually does not change this. This refers to spending permissions for specific tokens and should not be generalized as "the entire wallet has been handed over."
To use an analogy from an event: you turn off the walkie-talkie, ending the call, but the wristband for access control remains valid. Communication and access rights are fundamentally different things.
To terminate such an authorization, you need to verify the token, authorized address, and limit on the correct network, then initiate the corresponding on-chain revocation transaction and confirm it before rechecking. Standard revocation requires paying Gas; it is not completed by simply clicking disconnect.
Each authorization must be verified and handled separately; processing one does not mean others are automatically cleared.
When the wallet interface says "Goodbye," it does not mean every on-chain authorization has been notified to end. Next time you finish using it, remember to distinguish which layer you are actually closing.
#ETH #WalletSecurity #OnChainEducationOn Saturday night, BTC hovered around 85,000, fluctuating back and forth. It is currently about 84,997, up slightly by 0.64% in 24 hours. Yesterday during the session, it once surged to 87,219, marking the first time since September 23 that it surpassed 87,000, but it couldn't hold and slipped back down. The 87,000 level has been a barrier pushed back three times in two weeks; each time it looked like a breakout, but it turned out to be a false move.
However, there is a substantial positive development worth noting today. The SEC officially proposed a crypto asset custody framework, allowing investment advisors and funds to self-custody digital assets under certain conditions, while opening a 60-day public comment period. In plain terms, this adds another compliant channel for institutional entry, which is a solid long-term positive. But the proposal is still just a proposal, so don't treat it as finalized policy for speculation.
On-chain data also offers some reassurance. Santiment data shows that whale addresses holding between 10 and 10,000 BTC have collectively increased their holdings by 41,025 BTC over the past 10 days, with their positions rising to a six-week high. Smart money is quietly buying while retail investors are exiting; historically, this kind of divergence is often a good signal.
Personal action: no additional buying or selling, just holding and waiting for signals. 82,000 is the bottom line I’m watching; if it breaks, I’ll reconsider. If the direction is right, the rest is just holding on.
The above is only a personal record and does not constitute investment advice. $BTC $ETH $XAUT #BTC、ETH现货ETF同步转流出，资金热度降温 #美国9月非农仅增2.9万，失业率升至4.2% Don't calculate BTC transfer fees based on the amount
"Why doesn't the fee get smaller when transferring such a small amount of BTC?" Let a fictional post office explain this question.
Xiao Zhuang, holding a thick stack of love letters, seriously declared: "This contains all my true feelings, priceless, I can't afford to pay proportionally."
The postman flipped through them: "I'll first see how many papers you brought; I'm not responsible for valuing love."
Bitcoin on-chain fees are not simply a percentage of the transfer amount; they are usually determined by the virtual size of the transaction and the selected fee rate. Virtual size can be understood as the measurement of the block space occupied by the transaction; for the same size and fee rate, transferring more or less can cost the same on-chain fee.
For example, spending multiple small balances together often requires more inputs, making the transaction larger. Therefore, "small amount" does not necessarily mean "cheap." This discussion is about Bitcoin network fees; platform withdrawals have separate fee rules.
The post office is just a metaphor to help understand; actual fees depend on the wallet-constructed transaction and pre-send prompts.
Xiao Zhuang looked down at the stack of papers and finally re-recognized his own status: whether he is a big player in love is another matter, but in the envelope, he is indeed a super thick account.
#BTC #Bitcoin #OnChainEducation 3x Leverage ETP Approved, Having the Tool Doesn’t Equal Direction
Regulators have approved 3x leveraged Bitcoin and Ethereum ETPs, with gold and crude oil also on the list. They are using the 1933 Securities Act channel, and 3x long means price moves are magnified threefold both up and down.
At first glance, this seems like another door opening for traditional capital, making it easy to push Bitcoin and Ethereum higher on short-term sentiment. But 3x products are double-edged swords; drawdowns are also multiplied, and the wear during volatility is especially harsh.
What’s more worth pondering is that Bitcoin, Ethereum, gold, silver, crude oil, and natural gas are all included in the same approval document, indicating regulators are incorporating crypto and commodities into the same leveraged allocation framework. This is not a signal for blind bullishness but a sign that liquidity and volatility tools are in place.
Understand the mechanism first, then talk about direction.
$BTC $ETHThis ETH update first cleans up the potter's wheel.
The blocks have all been constructed, but the temporarily occupied memory hasn't clocked out yet. The Ethereum execution client Erigon 3.7.1 released on October 2 fixed this issue: the block result cache causes transaction read states and contract bytecode to remain in memory, which can lead to memory exhaustion under heavy code access scenarios.
This is not a "massive memory crash on the Ethereum mainnet." The problem comes from stress testing on the test network, and the fix targets the client's internal temporary state release; it does not delete on-chain transaction records or contract code.
To use a pottery shop analogy: the customer's cup is finished, but the potter's wheel is still occupied by leftover clay from each cup. The master says, "Keep it, just in case it's useful," so the next batch of clay can only stand by. After the fix, the finished works stay, and the workspace is cleaned up promptly.
In the crypto community, people like to ask how much a client upgrade will raise the coin price; this time it's more appropriate to ask: once the work is done, can the table be cleared? After all, computers don't have cleaning staff; the program has to remember to clock out itself.
#ETH #Ethereum #ClientUpdateThe BTC daily chart argument starts, first let's look at each one's "today"
"Why does BTC on your side have a different temperament than mine?"
In a fictional group chat, A Song and Xiao He look at the same platform and the same trading pair; one says it rose today, the other says it fell today, almost starting a debate livestream.
A third person doesn't try to mediate, just asks: "When does your 'today' start?"
It turns out one looks at the UTC+8 daily chart, the other at the UTC daily chart. The former changes the day at midnight Beijing time, the latter at 8 AM Beijing time. Both are "one day," but the trading periods included are not exactly the same.
OKX documentation indeed provides these two daily chart standards. With different day start points, the open, high, low, and close prices may differ; the price changes calculated relative to their respective opens at the same moment may also be inconsistent.
This is about how daily data is segmented, not just changing the clock display on the chart's horizontal axis to recalculate candlesticks.
A Song finally puts away his lengthy rebuttal: "We haven't even aligned 'today' yet, and we've already argued for half an hour about tomorrow."
Xiao He draws clock glasses on their photo: the left eye shows Beijing time, the right eye shows UTC.
First unify the standard, then discuss the trend. Don't let a pair of glasses cause you to shift time zones with yourself.
#BTC #Bitcoin #DailyChartRoutine ETH transaction failed, but the claw says it went to work
A fictional scene: A Yuan precisely aims in front of the claw machine, the claw descends, closes, lifts, and in the end only brings back a gust of wind.
She taps the glass: "The bear didn’t come out, the coin should be refunded, right?"
If the claw could talk, it would probably answer: "Just because you didn’t get anything doesn’t mean I didn’t work."
This metaphor is suitable to explain a certain fee confusion about ETH: the transaction has been packaged and executed, and even if it fails halfway, the consumed gas must still be paid. What you pay for is the computational cost, not a commission charged only after success.
Contract operations can be rolled back, but the computations already performed cannot be treated as if they never happened. Of course, the claw machine is not a blockchain, and the grabbing probability does not correspond to the transaction failure probability.
You also need to distinguish: simulation errors before the wallet sends, or transactions not recorded on-chain at all, cannot be generalized as "failure also deducts fees." First check the transaction record, don’t just focus on those two red words on the interface.
After hearing this, A Yuan named the claw "Did its best" and named her empty hands "Acceptance failed."
The most present thing in this round surprisingly turned out to be the attendance record.
#ETH #Ethereum #OnChainTriviaWhy is the BTC correction this time noticeably shallower?
In past cycles, once BTC turned bearish, a waterfall drop of over 70% almost became the "standard." But this time, the retracement range has clearly narrowed, reflecting a fundamental change in the market's capital structure.
Early markets were dominated by retail investors, crypto-native funds, and miners. When prices rose, sentiment was euphoric; when prices fell, profit-taking was concentrated, new buying lagged behind, and selling pressure easily triggered cascading liquidations, causing prices to fall deeply and rapidly.
After the approval of spot ETFs in 2024, the situation changed. ETFs, asset management institutions, corporate funds, and mature market makers became key participants. Their operational logic is completely different from retail investors:
First, they treat BTC as a long-term allocation asset and do not sell off en masse due to short-term fluctuations; second, they enter through ETFs and custody channels, providing more stable capital support; third, during retracements, they often rebalance in batches rather than chasing gains or panic selling emotionally; fourth, they hedge risks using futures, options, and basis trading to reduce one-sided spot dumping.
Sellers still exist, but the buying power is stronger. Therefore, this round of selling pressure is more easily absorbed, and prices did not directly plunge over 70%, but first showed a significant retracement of 40% to 60%. The market is not immune to declines, but the slope of the drop has changed.
$BTC $ETH $ZEC
#美国9月非农仅增2.9万，失业率升至4.2%
#BTC、ETH现货ETF同步转流出，资金热度降温
#交易之声：你的经验值得被听到 $CORE Remember the once highly hyped SatPay?
It was once touted as the ecosystem's ace, with tens of thousands of users registered in line, promising Bitcoin debit cards, ecosystem cash flow, token buybacks, painting a new growth story for everyone.
Looking back now, the product has been indefinitely delayed with no official launch. The project team uses regulation as an excuse, yet they use this story to attract countless people to hold positions and wait.
This is not the only promise that has been broken. Where is the address that destroyed over 100 million tokens? Has the investigation report on the large token transfers made at the time been published?
On one hand, they keep pushing new narratives, loudly proclaiming a move towards decentralization; on the other hand, the on-chain tokens are highly concentrated, with the vast majority of tokens held by the foundation team.
With such concentration of tokens, how can there be decentralization? External institutions dare not enter to pump the price; once the market briefly rises, the project team can dump massive tokens at any time.
Constantly refreshing the story is just to keep holders hanging on, never fully despairing, yet never seeing fulfillment. One project vision after another is shelved and abandoned; ultimately, only the act of drawing big promises continues steadily.
⚠️ Risk reminder: The above is only a personal opinion sharing. Virtual currencies are not protected by domestic laws, carry extremely high risks, and do not constitute any investment advice. Ethereum’s current leverage map shows major liquidation pockets building on both sides, meaning volatility could increase quickly once one of these zones gets triggered. 🔴 Short liquidation area: around $2,820–$2,850 If ETH breaks above this region with strong volume, short positions could face a rapid squeeze. 🟢 Long liquidation zones: • $2,640 • $2,570 • $2,420 A move below the first long-liquidation cluster could accelerate selling as leveraged longs begin getting forced out. 📌 What to wat#美伊局势持续紧张，G7将释放最多1亿桶储备
On October 1, Brent crude closed at $102.31. The next day, the G7, together with the IEA, released 100 million barrels of strategic oil reserves, causing oil prices to plunge sharply😱: WTI crude briefly fell below $88.10, down nearly 5.2%, and Brent crude dropped below $98.5, losing the $100 mark. However, Bitcoin barely moved, hovering around $84,000, showing a clear divergence in the market, a signal worth noting.🤔
In the past, a sharp drop in oil prices was interpreted by the market as weakening economic demand, bearish for risk assets. But this time, the oil price decline is due to increased supply rather than collapsing demand, which will ease inflation pressures and actually benefit risk assets.
The old logic "oil price rise → rising rate hike expectations → Bitcoin decline" has become invalid. The current main market logic is: oil price retreat, cooling inflation, Fed rate hike expectations decline accordingly, liquidity expectations improve, which is positive for Bitcoin. Meanwhile, BTC spot ETFs continue to see inflows.
However, risks remain as the US-Iran situation is uncertain, and oil prices will not move unilaterally downward. If oil prices continue to fall and Bitcoin remains strong, this divergence is a strong buy signal, indicating the market has completed a pricing shift.
$BTC $ETH $ZEC
This ID's viewpoint
On the 30-minute level for ZEC, after falling from the high of 1599.24, a low was found at 1270.00. Currently, it is in a consolidation and recovery phase following the decline. For now, it remains a 30-minute downtrend with no strong reversal, so observation is advised.
Chan Theory Structure
The 30-minute trend started at the high of 1599.24, dropped to the low of 1270.00, and is currently forming a 30-minute consolidation zone.
The consolidation zone's upper boundary (ZG) corresponds to this consolidation segment, with ZD at 1270.00. Two possible scenarios follow: if the lower-level pullback does not break below ZD, a secondary buy forms, initiating a rebound; if volume increases again and breaks below 1270.00, the downtrend structure continues, and the adjustment space further expands.
Wyckoff Volume-Price Observation
During the decline from 1599.24, volume increased initially as bearish forces concentrated their release. Approaching the 1270 low, the selling volume noticeably shrank, and selling pressure began to wane. The current rebound volume is moderate, with no strong buying demand entering, indicating a post-fall consolidation and recovery rather than a strong reversal.
Key Observation Points
Focus on whether the 1270.00 low can hold. If it holds, it represents consolidation after the decline; if volume breaks below this level, bears will exert force again, and bullish views should be postponed. Century-old bank officially enters SOL! ETH underlying upgrade catalyst incoming
Institutional funds voting with real money, narrative divergence between two public chains, let's analyze together!
$SOL
North Dakota Bank (a century-old state bank established in 1919) officially deploys Solana to issue Roughrider Coin, connecting over 90 financial institutions, not just a simple pilot.
Funding aspect: SOL spot ETF net inflow reached a record high of $188 million in a single week; Forward Industries increased holdings by nearly 950,000 SOL in Q4, total holdings at 8.5 million SOL. Current price around 122.
Strategy: Bank landing + ETF capital support, institutional narrative continues to strengthen. A pullback to 115–118 without breaking indicates strong buying support; once it breaks below 110, profit-taking from catalyst realization occurs.
$ETH
Ethereum underlying reconstruction progresses, Glamsterdam upgrade scheduled to activate on October 6 UTC on Sepolia testnet, introducing ePBS, block-level access lists, and gas repricing.
Simply put: separation of block building and validation, transaction cost optimization. ⚠️ Currently only on testnet, mainnet launch time is pending.
Strategy: Current price around 2700, upgrade is a medium-to-long-term catalyst, not suitable to chase highs on news release. 2600–2650 is core support; holding this range means expectations remain; breaking below 25XX means upgrade benefits have been priced in by the market in advance.
$SOL $ETH$SAND
This wave of "pump" in SAND is mainly due to the removal of the trading warning on Korean exchanges, combined with a large liquidation of shorts, representing a short-term short squeeze rather than a fundamental reversal.
Trigger: Korean exchanges lifting restrictions
On October 2, the three major Korean exchanges Upbit, Bithumb, and Coinone simultaneously removed the "trading warning" label on SAND. This label was imposed in August due to a cross-chain bridge attack and the issuance of about 500 million additional SAND. The lifting means that KRW deposits and withdrawals have resumed, and Korean retail buying has returned, which is the most direct catalyst.
Amplifier: Short squeeze
After the announcement, SAND rose over 77% in 24 hours, reaching 0.084 USDT. In the past 24 hours, short liquidations reached $8.71 million, accounting for 64.7% of total liquidations. Shorts were forced to buy to cover, further pushing up the price.
Risk warning
This looks more like an "event-driven + short squeeze" rather than a sustainable rise. After exchange reserves recover, Korean holders can deposit coins back to exchanges to sell at any time, so potential selling pressure should not be ignored. RSI once surged to 83, indicating a severe overbought zone.
#美国9月非农仅增2.9万，失业率升至4.2% #BTC、ETH现货ETF同步转流出，资金热度降温 #美伊局势持续紧张，G7将释放最多1亿桶储备 Maji Ge really is the king of holding positions, constantly losing money, yet continuously adding long positions in $ETH and $HYPE.
I saw Maji Ge is a "big internet celebrity" in the OKX planet, appearing very frequently there. I checked his on-chain profit and loss and think his address is a "dumb address," losing money far more often than making it. But this kind of whale is a trend indicator; watching whether he is losing money is much more reliable than copying his trades.
This kind of star just has money and "unlimited bullets," with very strong cash flow. We don't necessarily have to follow his example.
His current positions:
25x long 37,000 ETH, average entry price $2688.97, unrealized loss $250,000.
40x long 300 BTC, average entry price $84,719.50, unrealized profit $41,000.
10x long 181,000 HYPE, average entry price $89.74, unrealized loss $280,000.
10x long 1.2 billion PUMP, average entry price $0.01, unrealized profit $42,000.
Total P&L: -28,149,400, 24h P&L: -2,489,900, 7-day P&L: -440,500
After reviewing Maji Ge's positions, my biggest insight is:
Having money really lets you do whatever you want. When we hold positions, it's called liquidation risk; when he holds positions, it's called a drama series update. $ONDO
Fix: First see if it recovers the starting point or challenges the high point?
The 24-hour price range observed this morning was 0.4721—0.5159, with a trading volume of about 12.8 million USDT.
The morning quote was below the window starting point of 0.4967. Recovering this area first helps improve the short-term profit and loss structure, then observing the upper selling pressure is more reasonable.
I will watch whether the volume increases to break through 0.5159 and then retests and holds; if this structure appears, it will increase the judgment for continuation. The opposite risk is insufficient support and failed rebound; if it breaks below 0.4721 and the rebound cannot recover, the judgment will be downgraded. The above boundaries come from the morning window, and subsequent market changes need to be rechecked.At nine in the evening, I originally planned to lie on the sofa and scroll through my phone for a bit before sleeping, but instead, the phone didn’t fall asleep first—I was woken up by Bitcoin.
Several people in the group asked me: With such poor US employment data, why is Bitcoin not rising but falling? I really can’t understand their logic—yes, the data is bad, and the expectation for the central bank to cut interest rates has returned, but mortgage, credit card, and corporate loan interest rates are still high. No money has entered anyone’s pocket; the whole world is waiting for a clear signal. But tonight, what we got was not a "rate cut confirmation," but gunfire again near the Strait of Hormuz. Once the oil tanker is attacked, the first reaction of funds is always to run away.
Look at this position: 84832, it has only risen by one percent in seven days, staying halfway up the mountain, and the trading volume has shrunk a bit compared to usual. This is not a crash; it means no one is willing to make the first move. I’m not saying you have to panic, I just know that betting on the data these days hasn’t yielded good results. Wait for it to land, wait for real money to land, don’t use real money to bet on rumors before it lands.
Still the same saying: don’t rush to run in a news-driven market; those who run fast are the ones hit by the car. $BTC The price charts of ETH and UNI are almost identical. Chart 1 is for ETH, and Chart 2 is for UNI.
If ETH has no movement over the weekend, obviously UNI at this position also has nothing worth holding.
After comparing the two coins, it is even easier to see that UNI is weaker than ETH. Buying UNI is not as good as buying the market.Update on the outlook for gold:
$XAU $XAUT $PAXG
4100 is the next key level.
The gold-oil ratio is currently at 45, which has already decreased. There are basically two possible paths ahead:
Either gold prices drop slightly while oil prices rise sharply; or gold prices experience a significant correction.
Only one of these two paths can be chosen.
Going forward, continue with the plan to add positions in batches and increments at 4000 and 4100.
Not sure if gold will fall to $4000, but positions at this level must be prepared in advance.
Adding positions during a sharp drop on the left side is a high-risk, high-reward approach and does not need to be fully loaded at once.
Most likely, the daily chart will form a double bottom later, and the remaining positions can be added after the second bottom.BTC full nodes take the field, but don’t hand the referee the Golden Boot just yet
In a fictional Bitcoin soccer match, A Yan made a pair of golden cleats for his full node, planning to award the “Top Scorer” after the game.
The full node, whistle in hand, walked over: “I just blocked an invalid block, so why are you counting my goals?”
A Yan scratched his head: “You’ve been busy all night and still haven’t mined any BTC?”
The node pushed the cleats away: “Verifying the match and scoring goals are two different jobs.”
Metaphor aside, the mechanism is clear: Bitcoin full nodes independently validate transactions and blocks, checking if they comply with consensus rules. Simply running a full node doesn’t automatically earn mining rewards; miners must compete to produce blocks through proof of work. Running both a node and mining equipment doesn’t mean these roles are the same.
A Yan finally understood that just because the computer is on doesn’t mean it’s mining coins for him. He put away the “Mining Boss” jersey and left the node to continue verifying.
The golden cleats weren’t wasted either—they were placed next to the whistle as a reminder: don’t count the referee’s attendance as the striker’s goals.
#BTC #Bitcoin #NodeKnowledge Which step is paused in this ETH Layer 2 “pause”?
Seeing the word "pause," don’t rush to hit the shutdown button for the entire chain.
At 23:31 Beijing time on October 2, Arbitrum officially released a security action statement: on Arbitrum One and Nova, the activation of new Stylus contracts is temporarily suspended.
You can think of it like a hot air balloon field: new balloons are temporarily grounded, but balloons already in the air are not required to land. This metaphor only explains the current activation restriction.
There are boundaries to the rules: activated Stylus contracts can run until expiration; they can be renewed before expiration, but reactivation after expiration is restricted. Deployment and execution of regular Solidity/EVM contracts are not affected by this measure.
The official statement says this move targets potential performance and denial-of-service risks caused by specialized WASM programs, and as of the announcement, no attacks capable of stealing user funds have been detected.
What’s worth following up on is the conditions and timing for reopening activation, not translating the precautionary measure as "Ethereum completely shutting down." Read the security announcement carefully, identify the target of the action first, then decide how loudly the headline should be.
#ETH #Ethereum #ArbitrumA minor fix for the BTC wallet: Don't let dust block the way
A thread caught in the zipper can make the whole jacket hard to zip. Similarly, in a BTC wallet, "small things blocking big moves" can also cause trouble.
In the early hours of October 3rd Beijing time, Lightning wallet Phoenix released Android version 2.8.4. The official notes, besides listing crash fixes and security improvements, also mention: tiny amount deposits will no longer block other deposits.
Looking into the corresponding fix, the reason is more specific: on-chain outputs below the dust threshold were previously rejected during transaction construction, which also blocked larger outputs. The new version's handling logic is to skip these tiny outputs first when organizing inputs, allowing other qualified outputs to continue participating.
It's like first moving the caught thread aside, then zipping up the zipper properly. The "skip" here only refers to input selection for this transaction, not deleting the small change on-chain, nor does it mean all small transfers are now free.
The underlying fix was completed back in September; today's progress is the wallet version release, so don't confuse the two as if the bug was just discovered today.
Looking at wallet update logs, sometimes what’s worth finding isn’t a few new buttons, but the specific cases of "there’s clearly money, so why is it stuck" finally being addressed.
#BTC #Bitcoin #LightningNetworkThe ETH name is called "Permanent," but you still have to remember to renew it.
Fictional skit: Atang chose four characters for his own .eth name: "Permanently Online." To celebrate, he ordered a cake and specifically requested that "Permanent" be decorated a bit larger, hoping it would last through several bull and bear markets.
A friend asked, "How long did you register it for?" He replied, "One year, to control the budget first." The friend looked at the cake silently for three seconds and said, "Your 'Permanent' is actually expressed in installments."
Names can be bold, but the term still depends on the record. According to the current ENS rules on the Ethereum mainnet, ordinary .eth second-level names have a registration period; you cannot automatically get lifetime usage rights just because you named it "Permanently Online." After expiration, there is a 90-day grace period for renewal during which others cannot re-register it; if you miss this window, the name may be registered by someone else.
These rules refer to the registration rights of the name, not the ETH in the wallet expiring along with the name. When managing names, remember to check the expiration date and don’t just nod in satisfaction at the avatar and spelling.
In the end, Atang changed the small text on the cake to: "The vision is long, reminders must be set." The friend was responsible for taking photos, and he was responsible for writing the renewal date into the calendar. The sense of ceremony was preserved, and "Permanent" was maintained as planned.
#ETH #Ethereum #ENSExit lesson from the ETH ecosystem: Which clock to watch for Blast withdrawals
On the evening of October 2nd Beijing time, Blast announced it will gradually cease operations. In this ETH ecosystem news, the schedule for asset withdrawal to the mainnet is worth a close read.
According to Bankless's report on the announcement that day, the team will first exit Lido-related assets, expected to take about a week, during which withdrawals will be paused. After completion, withdrawals will resume with the waiting period shortened to 24 hours.
This 24-hour period is the waiting time after resumption and should not be understood as submitting now and definitely receiving funds tomorrow. The earlier pause phase is not automatically skipped by these four words.
The regular interface withdrawal window is open until October 26th. The report relays the team's explanation: after that, assets can still be withdrawn but require direct interaction with the bridge contract on Ethereum L1, with detailed instructions to be announced separately.
My understanding is that the interface availability period and the ability to withdraw assets are two separate issues. The end of the former does not mean assets automatically become zero, and the retention of the latter does not mean the operation difficulty remains unchanged. For actual operations, always refer to the latest official announcements and instructions.
When observing a chain, besides remembering the entry story, one should also keep an exit guide. Especially, do not read "waiting period shortened" as "pause canceled."
#ETH #Ethereum #BlastBTC Read-Only Wallet: Seeing It Doesn’t Mean You Can Spend It
In the fictional gallery, Acheng stared at a painting for half an hour and solemnly declared, “I’m very familiar with this piece; I’ll take it home tomorrow.”
The curator handed over a brochure: “Being familiar with the artwork qualifies you as a guide, but moving the artwork requires additional authorization.”
Acheng protested, “I even know how many screws are next to it.”
The curator nodded, “Perfect observation skills, but ownership is a different matter.”
BTC read-only wallets can easily cause similar misunderstandings. Here, we only refer to on-chain wallets that store addresses or public keys without holding the corresponding private keys: they can view related balances and transaction records, but this observation information itself does not authorize spending. Being able to prepare a transaction does not mean you can complete the signature; signing still requires the corresponding private key.
Therefore, seeing a balance after importing an address does not mean those BTC are under your control. Even if you polish the read-only interface until it shines, it won’t automatically grant transfer permissions. These wallets are suitable for separating observation from signing, not for gaining control by just watching.
Acheng finally gave up the moving plan and went to the front desk to receive a commemorative badge for the visit.
The curator said, you can get an extra badge, but don’t take an extra painting.
#BTC #Bitcoin #WalletKnowledgeETH token camping, a roll call with three people responding
Imagine a token camping trip on Ethereum, the leader calls out names from the list: "Little Orange!" Three tents open simultaneously, and three campers raise their hands together, even their badges have the exact same abbreviation.
The leader is stunned: "I thought the same person came three times."
One of them suggests: "I'll add the character 'True' after my name." The other two immediately ask: "Can 'True True' and 'Super True' still sign up?"
The story is fictional, but the name collisions are real. ERC-20 tokens on Ethereum can share the same name and abbreviation; they are not unique IDs across the entire network. To identify a specific token, you must verify the network and contract address, and cross-check with the project's official trusted sources. You can't rely solely on familiar icons, similar names, or search rankings.
Correctly identifying the token is only the first step; it doesn't guarantee the project's safety, nor does it mean the price will rise.
The leader finally completes the list, and the three "Little Oranges" return to their tents. Just as he was about to relax, the supply officer runs over with a sleeping bag: "This one is labeled Little Orange, who exactly is it for?"
The item most over-claimed in this camping trip was the sleeping bag.
#ETH #Ethereum #CryptoJokesBTC Change: I am the owner who lost it, and I am also the finder.
A fictional on-chain lost and found office received a strange registration today: Awen is looking for a BTC, and the person responsible for keeping this money is also Awen.
After the transfer, he saw that the original transaction output was marked as "spent," and immediately prepared to print a coin search notice. The change in the wallet couldn't help but raise its hand: "Don't post my photo yet, I haven't gone far, just changed my address."
Bitcoin spends complete unspent transaction outputs. When one is used, the entire output is consumed; after deducting payment and fees, the remainder usually returns to an address controlled by oneself through a new change output. The old output showing as spent does not mean that the entire amount was given to someone else.
Awen checked the wallet records and finally recognized his own change, solemnly asking: "Does this count as not pocketing found money?"
The wallet replied: "You report the loss on one hand and keep the lost item on the other, please unify your story first."
In the end, the coin search notice was changed to a kinship notification. Awen wanted to send himself a banner, but stopped when writing "property returned to the original owner": the original owner was online the whole time, only temporarily offline in understanding.
#BTC #Bitcoin #CryptoJokes$BNB UPDATE
BNB is currently trading around $766–$770 after facing rejection near the recent $784 high.
Price is still holding above the $760 support area, with 24H trading volume sitting around $1.5B.
Meanwhile, VanEck recently updated its proposed BNB ETF filing, adding staking as a secondary objective — another development worth keeping an eye on.
For now:
🟢 $760 = key support
🔴 $780–$784 = nearby resistance
The reaction around these levels could determine the next move.
#DailyOrbit Blast shutdown, what exactly ends on October 26?
On October 2, Blast announced a gradual shutdown, with a straightforward reason: operating costs exceed on-chain revenue, and the team sees no sustainable path forward. For on-chain users, the most important thing to read now is the asset withdrawal arrangement.
First, remember one date: October 26 is the deadline for withdrawals through the regular interface. According to the announcement, assets can still be withdrawn after that date, but it requires direct interaction with the bridge contract on the Ethereum mainnet, and the team will release operation instructions in advance. Therefore, "interface deadline" and "asset expiration" are not equivalent.
Next, the sequence: the team will first handle Lido assets, expected to take about a week, during which withdrawals will be temporarily unavailable; after completion, withdrawals will resume with a 24-hour waiting period. Seeing "24 hours," don’t misinterpret it as submitting now guarantees arrival tomorrow.
My feeling is that competition in crypto projects doesn’t only happen during token issuance and user acquisition. Whether revenue covers operations and whether the exit process is clear are also fundamental. Users with related assets should keep checking official progress and clarify migration arrangements in advance. Records can be left on-chain, but the product must also clearly explain the exit instructions.
#Crypto #Blast #Ethereum $ETH short liquidation cluster at $2,800.
Ethereum long liquidation clusters at $2,600, $2,550, and $2,350.【Old Leek Observation】 #Seize the GameFi sector rotation opportunity
$SAND Yesterday's surge may not be over yet.
Funds in GameFi are starting to spread to the second batch of established projects.
The most obvious today is $MANA .
On October 2nd, MANA's Binance spot trading volume suddenly expanded to about 146 million tokens. The day before, it was only about 6.9 million tokens. The trading volume increased by more than 20 times.
Data from CoinAnomaly even shows that MANA's trading volume at that time was about 32 times its normal level. The price also surged from around $0.089 to $0.113. This is not ordinary market fluctuation.
Even more interesting is $AXS . On October 2nd, AXS also showed significant abnormal trading volume, with Binance volume about 6 times that of the previous day. Although AXS has risen about 30% in the past month, it has not experienced such a sudden volume explosion like MANA.
After the first wave of SAND, where will the funds go next?
The signals visible now are: SAND first explodes in volume. MANA then shows extreme trading volume.
AXS is also starting to see increased fund volume. If next GALA, ENJ, AXS, MANA and these established GameFi projects continue to show:
Sudden volume expansion + price not significantly breaking away from the bottom
Then it may not be a single token rally, but the GameFi sector beginning to rotate. BTC puzzle friends, let's first unify the cover
On the weekend, Asen bought three puzzle boxes: seaside, snowy mountain, and cat. A friend went to get a glass of water and came back to find he had dumped all the pieces into one basin.
"Pick the best parts from each box, combining them will definitely be stronger," he said confidently.
Half an hour later, the cat's ears grew on the snowy mountain, the swimming ring got stuck in the cable car, and the beach was still missing half. He began to doubt the manufacturer: "Each looks good alone, why don't they fit when combined?"
The friend glanced at the BTC trading notes beside him: the buying reason came from long-term research, the operation frequency followed ultra-short-term, and the exit conditions borrowed another set of strategies. Each of the three plans had its premise, but he only copied the sentence he liked.
"Aren't you also trying to piece together three covers?"
Asen was silent for a moment and decided to put the puzzle pieces back into their original boxes first. When the friend asked what to do with the trading notes, he finally agreed to fill them in: why this trade was made, how long to observe, and to reassess when changes occur.
By evening, the cat box finally formed half a face. Asen took a photo to show off: "Finally found a consistent direction."
The friend reminded him: "That's good, now take the snowboard out of its mouth."
#BTC #CryptoDaily #TradingMindset Grass changes its data: from "data packet outsourcing" to "AI agent network"
Over the past year, the market's perception of Grass's business has had a clear ceiling: using residential IPs to crawl public web pages, packaging them into snapshots, and selling them to AI labs.
Although this business generates cash flow, under the industry consensus that "high-quality training data is about to be exhausted," the market often views it as a transitional business for a certain stage.
Yesterday, the core appeal of Grass's CEO's long post, as I understand it, is to break this ceiling expectation and create a new narrative. To understand the new route proposed by Andrej, we first need to clarify a fatal shortcoming of current large models: the model is outdated as soon as it leaves the factory.
No matter how many trillions of tokens it is fed during training, once the weights are frozen and the model is released, its understanding of the world stops at the moment training ends. When users ask about real-time news or compare the latest product prices in the chat box, the model must connect to the internet itself during the "Inference" phase to fetch the latest public web pages at that moment.
$GRASS