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Late night review on September 23
BTC sharply dropped in the evening, breaking below 85,000, hitting a low below 84,000, retreating over 3,000 points from the daily high of 87,363. ETH fell below 2,700 to about 2,698, down 2.03%. PONS giant whale liquidated, dropping from 0.6968 to 0.6688, down 4%.
Over 120,000 people liquidated in the past 24 hours, totaling $292 million, with longs at $124 million and shorts at $168 million; in the last hour, long liquidations reached $174 million, far exceeding short liquidations of $6.36 million, bulls are being heavily liquidated. BTC open interest is $61.1 billion, at the 98.9th percentile over 90 days, funding rate only 0.705 basis points. Crowded positions and cheap funding rates make a downturn prone to triggering a chain liquidation.
Oil prices surged over 2%, Brent crude at 97.55, inflation pressure rising, risk assets under pressure. Uncertainties remain between the US and Iran, with 10 Federal Reserve speeches this week, macro uncertainties persist.
Key levels: If BTC falls below 82,103, mainstream CEX long liquidation intensity reaches 1.762 billion; resistance above at 85,000-85,500, strong support below at 83,000-84,000.
Conclusion: Bear squeeze momentum weakens, long leverage re-accumulates. The late-night plunge is a warning; short-term focus is whether 83,000 can hold. Bottom fishing is not advised, strict position control on contracts.
This does not constitute investment advice. #BTC冲高$87000，加密总市值重返3万亿 $BTC As of now, the market has been relatively weak over the past 24 hours. $BTC is currently priced at 84487.89, down 2.09% in 24h, with a high of 87278.54 and a low of 83864.07, and a trading volume of 1948 million USDT. $ETH is currently at 2673.72, down 2.55% in 24h, with a high of 2789 and a low of 2647.66. To put it plainly, both BTC and ETH failed to hold the intraday rebound; $BTC has been pushed back near 84000, and $ETH is hovering around 2670. Market sentiment is cautious, and chasing longs is risky. The leaders on the upside are quite split: SAGA +30.4%, MET +24.8%, ALLO +20.9%, ZRO +18.0%, PROM +17.6%. The biggest gainers are mostly small-cap and sentiment-driven tokens. SAGA’s 30% single-day surge clearly shows short-term funds rushing in; those chasing it should carefully consider whether they can exit in time. ZRO has some potential this round, but whether it can continue depends on BTC’s performance. Overall, funds are not flowing into mainstream assets but are instead going guerrilla. The laggards look much worse: ONE -25.5%, MUBARAK -21.8%, BROCCOLI714 -14.4%, WIF -13.6%, PEPE -10.4%. The simultaneous collapse of meme tokens like MUBARAK, WIF, and PEPE indicates speculative funds are withdrawing. WIF and PEPEBitcoin suddenly plunged, and many people asked about the reason.
I quietly observed the market early in the morning, having already identified 85300 as the key boundary between bulls and bears in the previous post.
The secret of trading lies within the boundary: once the price effectively breaks below 85300, the bears' curtain rises, and a sharp decline rushes in.
The market dropped as expected to 85241 and paused briefly. I did not hastily chase shorts in the panic of the crash but waited calmly for the price to rebound and touch that resistance line.
When the rebound reached 85738, it was the long-awaited entry opportunity. The short position was placed, targeting 84300.
The candlestick moved as predicted, capturing nearly 1400 points, pocketing 20,000 U, and securely riding this downtrend. $BTC BTC made a spike to 87283 today, then surged, but no one dared to follow the wave at 87399.
Yesterday's low was 85111, the high was 87399, and it closed at 86419. Today it opened near 86419, peaked at 87283 but didn't break through, the low was 84068, and the current price is about 84137. The volume ratio shrank again compared to yesterday; after the upward surge, it slid back down.
There is still resistance between 87283 and 87399 above; only beyond that is the high point around 126200. If the 84068 support below breaks again, it’s likely to first see 80588; if that level can’t hold either, the short term may look for space around 80133.
In the short term, watch if the current price around 84137 can hold. If it can’t hold, treat it as a pullback after a spike and digesting, don’t chase at this price now. For those already holding, watch if the low of 84068 today can hold; if not, consider reducing positions. For those looking to buy the dip, wait for a pullback and consider only if it can break past 87399; don’t catch a falling knife in mid-air. $BTC 🚨 Crypto Market｜Options Expiry Reminder
This Friday, approximately $18.1 billion worth of BTC + ETH options will expire.
With a large number of contracts entering the settlement phase, short-term market volatility deserves close attention.⚠️
For BTC, the larger open interest is currently concentrated at:
🎯 $90K
🎯 $100K
Options positions are dense in these price areas, which may impact short-term price fluctuations and liquidity around the expiry.
But note:
OI (Open Interest) ≠ a guaranteed price target.
What’s truly worth watching is:
📊 Changes in OI → whether capital positions are continuously increasing
📈 Implied Volatility (IV) → market pricing of future volatility
⚡ Gamma Exposure → potential impact of market makers on price swings
💧 Volume and Liquidity → whether there is enough capital to drive the market
If the price approaches areas with large options positions, more pronounced price tugging may occur near expiry.
🔥 So don’t just focus on $90K / $100K.
Options data tells you "where the positions are,"
while price, volume, OI, and IV help you judge "what the market is doing."LINK is currently at an unrealized loss of -60.57%, with a liquidation price of 10.5485. Today I reduced the leverage from 20x to 10x, then added to my position near the current price — after adding, it dropped another 3%. *
Why I still added:
① Long-term logic hasn't changed
② Position is not crowded (fee rate 0.0037%, basis -0.047%)
③ Large holders covering shorts (0.795 → 0.922).
But there is one uncomfortable data point today: yesterday liquidations were mostly shorts being blown out (1:5), today it switched to longs being liquidated — $BTC 2.35:1, $LINK 5.82:1; LINK open interest rose 5.9% in 24h: positions are increasing during the drop.
Things to watch tonight:
✅ 21:45 US PMI preliminary much better than expected (Manufacturing 57 vs expected 53.6; input prices hit highest since October 2022) → rate cut narrative delayed;
✅ 22:05 Bullard also hawkish (inflation not clearly moving toward 2%, may need further hikes);
⏳ 22:30 EIA crude oil inventory. Background is that the rate hike cycle is not over (already raised to 3.75%–4.00%). LINK has no project-level events tonight, fully driven by macro factors.
I’m watching: LINK 11.98 (EMA20) and 10.607; BTC 85,273. Will reduce if broken. Before the rest of tonight’s data comes out, I won’t add more positions. ETH today had a spike at 2789, pushing up briefly, but no one dared to follow the wave at 2808.
Yesterday's low was 2716, the high was 2808, and it closed at 2744. Today it opened near 2744, reached a high of 2789 but didn't break through, the low was 2648, and the current price is about 2680. Volume is similar to yesterday, it surged up then slid back down.
There is still resistance between 2789 and 2808, and only above that is the high point at 4946. If it breaks below 2648, it’s likely to first test 2607; if that level can't hold either, the short term may look for space down at 2564.
In the short term, watch if the current price around 2680 can hold. If it can't hold, treat the recent rise and fall as digestion and don't chase at this price. For those already holding, watch if the low at 2648 today can hold; if not, consider reducing positions. For those looking to buy the dip, wait for a pullback and if 2808 can't be broken, then reconsider—don't catch a falling knife mid-air. $ETH $NIL current price is 0.0954, short-term focus on the 0.0934 level. The upper resistance is at 0.1109.
The Fear and Greed Index is 71, indicating the market is in the greed zone, but BTC's high-level consolidation has clearly weakened its influence on altcoins. Funds tend to rotate among a few strong assets. $NIL rose 17.31% in 24h with a trading volume of 21.6M USDT, the only one among the three candidates to close higher. MA5 (0.093346) just crossed above MA20 (0.0931405), with moving averages showing a weak bullish alignment, indicating this rally has capital support and is not just a spike. However, RSI is only 56.1, not yet overbought; MACD histogram is still at -0.001398, momentum has not fully turned positive. The upper Bollinger Band at 0.110985 is the main target for this round. Funding rate is +0.0039%, bulls have a slight advantage but it is not extremely crowded, so there is still room for pullback battles.
Operationally, the bias is bullish but do not chase the highs: entry reference is 0.0925–0.0940, the MA5 and MA20 convergence zone; buy on pullbacks that do not break below this. Take profit 1 is at 0.1030 (first resistance above the middle Bollinger Band), take profit 2 is at 0.1100 (near the upper Bollinger Band); stop loss is set at 0.0885 (breaking below the dense moving average zone would break the bullish structure). If BTC suddenly weakens and drags altcoins down, exit decisively.🔥 Iran wants to use $BTC to bypass traditional finance, but reality gave a reminder: BTC can bypass banks, but not necessarily regulators.
🧊 On September 17, the U.S. Treasury Department sanctioned Iranian exchange BitBank, accusing it of assisting in transferring hundreds of millions of dollars in BTC during June and July, while handling funds related to the Hormuz toll.
🔍 What’s truly worth pondering here isn’t that BTC was “blocked,” but that the trading platforms carrying the fund flows can still become regulatory entry points. On-chain transactions are publicly traceable; once platforms, addresses, and fund relationships are identified, so-called “decentralized settlement” does not equal “invisible settlement.”
⚠️ So is BTC for cross-border payments ultimately freer or riskier? The answer may depend on whether you control the assets or the channels.
🧠 The biggest takeaway for the crypto world might not be whether BTC falls today, but whether the battle between privacy, on-chain tracking, and compliance will enter a new phase.
👀 If even BTC channels can be precisely tracked, do you think the real future value lies in stronger liquidity or stronger privacy? #BTC冲高$87000，加密总市值重返3万亿 #美伊3小时会谈释放积极信号？ #美联储官员密集发声，加息还要持续多久？ SpaceX has dropped a bit more on this trade, which feels a bit better, but 146 hasn't been reached yet, so for now I can only watch the numbers and be happy😮💨 The short position opened at 156, screenshot taken at 152.53, single contract floating profit +166.82%, still not closed.
This time, revisiting the financial report, I'm more concerned about a detail that's easy to overlook: the AI business in Q2 turned profitable on a metric that adds back depreciation, stock-based compensation, and other expenses, but operating profit is still negative. The same business, viewed from a different angle, can look quite different.
One bearish concern I have is: will the market only focus on "adjusted profitability" and underestimate the equipment investments supporting this revenue? Depreciation isn't a cash outflow this quarter, but the machines weren't free either. If continuous equipment upgrades and increased investment are needed later, we have to see how much money customers ultimately leave behind, not just admire the revenue growth.
However, the operating loss of the AI business has narrowed quarter-over-quarter, which must be acknowledged. What I doubt is whether the investment returns can meet expectations, not that the business is deteriorating, and certainly not using an old financial report to explain every little drop today.
Back to this short position, next I'll watch if it can be pushed down near 150, and if the rebound can't recover, then consider waiting for 146. If it quickly climbs back to around 155–156, I'll consider closing part of the position first, so that the floating profit already realized doesn't become a reason to hesitate to exit.The driving forces behind the three major mainstream coins $BTC$ETH$SOL have shifted from weak recovery to short-covering combined with ETF capital inflows. At this time, what should be more cautious about is not an immediate large pullback, but the market mistaking a short squeeze for a new trend, leading to chasing and adding positions near 86,000, 2,760, and 119. Brothers, don't rush to shout that PONS is taking off.
I just went through the data from the past two days, and my first reaction wasn't to go all in,
but rather—
this thing is starting to feel a bit off?
Let's look at the hardest data first.
PONS protocol fees in the last 24 hours: $3.6 million,
protocol revenue only $490,000.
And its overall income and buybacks have dropped to about one-third compared to the peak period.
Now look at the new coins.
Only 9,500 were issued yesterday.
What about at the peak? This wave of CORE's wick pullback looks like a shakeout, but in reality, it's the most tormenting market.
It was hammered down to 0.02241 intraday and quickly recovered, with a single-day surge of 10.54% and a 7-day increase of 36%. Many people have started fantasizing about directly hitting the target price.
But the reality is harsh:
Around 0.025 is a big mountain, full of trapped positions held for more than half a year.
This rebound relies on narrative sentiment, not a fundamental breakout.
If the market shakes a bit, CORE's drop will be much fiercer than the mainstream, with thin liquidity causing sudden wicks, and high leverage trades can wipe out all previous profits in one shot.
Don't assume a bull market has started just because of one big bullish candle.
Only if it breaks through resistance does the market have a chance; if it can't, the current rebound is just an opportunity to reduce positions for trapped holders and to trap those chasing highs.
Short-term trading is possible, but don't mistake the rebound for a reversal. This market is easiest to make small profits but lose big positions.
#COREAI companies are still frantically building data centers, but Wall Street has started asking a painful question: What money are you using to build them?
SB Energy, supported by SoftBank, originally aimed for an IPO valuation of about $50 billion, but has now slowed its IPO plans. Interestingly, this company has not yet developed a mature data center operation business but already needs to raise huge funds for subsequent construction, and the market is becoming cautious about its debt financing.
On the other hand, Accelevation, which provides power, cooling, and modular facilities for data centers, is pushing forward with a U.S. IPO, targeting a valuation of up to about $5.37 billion and planning to raise up to $720 million.
Putting these two matters together is quite interesting. The demand for AI computing power has not suddenly disappeared, but the market is starting to differentiate: who is spending money to build data centers, and who is selling equipment to those building data centers.
Developers have to first acquire land, finance, and buy GPUs, and only after several years can they gradually receive returns; equipment suppliers have the opportunity to get orders as projects start. Of course, if clients delay construction, equipment suppliers will also be affected.
So now when I look at AI infrastructure, I don’t just focus on how many gigawatts have been announced or how many billions of dollars in contracts have been signed. Whether orders can turn into revenue, and whether revenue can turn into cash flow, is the homework for the next round of financial reports.
The AI story is still being told, but Wall Street has started auditing.
#AMD市值突破1万亿美元，芯片股集体大涨
#纳斯达克指数连续两日创历史新高 AMD's market value surpasses one trillion, and chip stocks collectively strengthen. Amid the excitement, I want to discuss two less talked-about issues: what exactly is supporting this rally, and why the first movers during capital outflows are often not AI tokens.
First, let's talk about what is holding up this narrative. The focus of AI is shifting from training to inference and Agents. Meta's Muse assigns each Agent an independent cloud virtual machine that can continue running tasks even when the front end is turned off. This workload relies on scheduling and logic control, not just stacking GPUs. CPUs are being brought back to the forefront, with their ratio being adjusted upward, and single-gigawatt CPU demand is also rising. This is the fundamental basis, not baseless speculation.
However, solid fundamentals don't mean the accounting is fully settled. AMD's data center revenue has doubled, mainly driven by EPYC and Instinct; the financial report does not separately highlight "CPU increments brought by Agents." On the other hand, signals of supply tightness are easing—if demand were truly off the charts, we shouldn't simultaneously hear about supply relief. Expectations account for the majority of the trillion-dollar market value, and this should be kept in mind.
Next, let's look at the sequence of capital outflows. As risk appetite in the US stock market warms up, money first flows to the most liquid and mature compliant assets. Bitcoin spot ETFs recorded the largest net inflow of the year in a single day, with net inflows turning positive for the year for the first time. Bitwise's Hougan put it plainly: AI previously absorbed almost all attention, and now capital is rotating. Note, it's rotation, not outflow—BTC's inflows come from reallocations after AI stocks are cashed out.
AI tokens can't catch the first wave due to liquidity constraints. The entire DePIN category has a market cap of about $16.2 billion, with daily trading around $500 million; nearly a thousand AI tokens combined account for less than 1% of the total crypto market cap, and fewer than one-tenth can simultaneously meet market cap and trading volume thresholds. Large funds have no reason to skip BTC and jump into low-liquidity assets first.
The essence of the sequence is liquidity hierarchy, not conceptual relevance. Chip stocks are priced based on orders and profit expectations; crypto AI projects aiming for the second wave must first answer three questions: product, revenue, and token value capture. Delivering GPUs on one side and PPTs on the other. BTC moves first simply because it doesn't have to answer "Is the product being used?"—it is itself a liquidity vehicle.
#AMD市值突破1万亿美元，芯片股集体大涨 $BTC $ETH The driving forces behind the three major mainstream coins $BTC $ETH$SOL have shifted from weak recovery to short-covering combined with ETF capital inflows. At this time, what should be more cautious about is not an immediate large pullback, but the market mistaking a short squeeze for a new trend, leading to chasing and adding positions near 86,000, 2,760, and 119. But the previous two trades repeatedly hit the mid-slope.
The operation mode is: buy at the mid-slope → add positions after a drop, partially close out first; wait for stabilization and then buy the dip again to earn another wave; but buying the dip again once more falls at the mid-slope, so you can only continue adding positions and closing out in batches.
Here arises a contradiction:
If you insist on waiting for the absolute lowest point to act, trading opportunities that meet the criteria become very rare.
If you want to get more opportunities, it's easy to be tempted to enter early, falling into the trap of buying the dip at the mid-slope.
Core distinction:
✅ After a major plunge is complete, and a consolidation bottom is formed, entering then with precise buy points is a high-certainty opportunity.
❌ Trying to play small rebounds halfway down the drop, even if occasionally there is a straight-line surge to take profit, more often the price continues to plunge, leading to big losses.
It's not that you can't catch a straight-line reversal, but you must distinguish:
Straight-line surges are low-probability surprises; consolidation bottoms are the standard high-certainty opportunities.
To increase the number of entries, you can't rely on buying dips prematurely during the drop, but must wait for the large-scale plunge to finish and enter consolidation, then use 5-minute + 1-minute level resonance to find buy points.
Mental insight: Having once bought at the lowest point and made big profits, this success case will constantly tempt you to act early. You must distinguish between "occasional profit" and a "repeatable trading system." Catching the lowest point once is luck; relying on level resonance and consolidation bottom rules for trading is the sustainable method.🔥 I finally figured it out: I might not be a trader, I'm just a "contrarian indicator" in the market 😂
📉 A couple of days ago, I was fully short on BTC, but it kept climbing all the way up, reaching around 【87,000】; I finally couldn't resist and bought some longs, and the market immediately reversed. The feeling now is—whenever I make a move, the market changes direction.
🤣 Some say maybe I have some mysterious system or I'm hedging with spot? Not at all. I don't have Satoshi's script, nor institutional money, I'm just an ordinary retail trader.
🫠 The most ridiculous part is, I even started to suspect if the big players are really targeting my positions. But thinking calmly, who has that much time? The market trades so much money daily, there's no need to single me out.
⚡ $BTC has rallied from around 【76,000】 to 【87,000】 these days, then oscillated at the highs. What the market really taught me is not "the big players are watching me," but: don't treat your own entry timing as a market direction signal.
🎯 From now on, I'll just honestly watch the structure, support, and stop-loss. As for me buying and the price dropping, or selling and the price rising... I can only say the market seems to have its own understanding of my win rate.
👀 Brothers, have you ever experienced this "whenever I open a position, the market goes the opposite way"? #BTC冲高$87000，加密总市值重返3万亿 #美伊3小时会谈释放积极信号？ 1️⃣ The late chasers They hesitate when BTC starts moving, then jump aggressively into altcoins after the move is already obvious. 2️⃣ The profit holders who never de-risk Their portfolio may be up 2×, but they keep waiting for another 5× or 10× and end up giving a large part of those gains back. For me, a bull market isn’t about catching every pump. It’s about managing risk well enough to stay in the game. The market is showing stronger rotation lately. BTC is holding around the $86K area, whilJust finished watching the Fed folks speak intensively, and I have only one feeling: this is not over yet.
Barkin said that over 60% of PCE sub-items have year-on-year increases still above 3%, but he didn’t specify how much more it needs to rise. Collins said the risk of inflation staying above 2% is increasing, and Musalem was more direct, saying further tightening may be necessary. On the CME side, the probability of a 25 basis point hike in October has already reached 54.2%, and the market itself is conflicted.
To put it plainly, it’s not about whether to raise rates or not now; it’s about how long this round of tightening will last. Inflation hasn’t collapsed, employment remains strong, so high interest rates won’t be withdrawn immediately—it’s a "long" game.
For Bitcoin, the short term is definitely uncomfortable. U.S. Treasury yields are hovering around 5%, and the opportunity cost of holding non-interest-bearing assets is clear; capital would rather earn interest than bear volatility. Although ETFs occasionally see large inflows, their sustainability is questionable, and they tend to fall back once inflows stop.
But looking at the longer term, the logic changes. The longer high interest rates persist, the more the interest on the U.S. government's $40 trillion debt compounds, forcing the Treasury to issue more debt to cover it. Eventually, this either leads to implicit money printing or inflation dilution—either way, the credit of the dollar is being consumed. BTC, as a non-sovereign hard asset, benefits from this.
So at this point, don’t chase highs, and don’t panic. In the short term, watch interest rates; in the medium term, watch credit. Once the path of rate hikes becomes clear, the direction will naturally emerge. Do you think there will be another hike in October? $BTC $ETH $ZEC Bitcoin suddenly broke through 87,000 at midnight; this surge is clearly aimed at liquidating shorts. In the past 24 hours, $1.09 billion was liquidated, mostly shorts, and the short squeeze was very decisive.
Regulatory-wise, it's all bearish: the Clarity Act didn't pass, the Fed and Bank of Japan raised rates, but the SEC approved innovation exemptions allowing compliant platforms to trade tokenized stocks—this is the real bullish fuel. The market is digesting bearish news as bullish, indicating risk appetite has returned.
Shift change at 3 AM, I shone my flashlight around the basement, then came back to watch the market.
MET current price is 0.366. Logical deduction: with the strong market short squeeze, MET as a follower has a catch-up demand as long as BTC doesn't quickly fall back. The first resistance above is at 0.385; if broken, look to 0.40. Support below is at 0.355, with defense at 0.348.
In terms of operation, enter a light long position near 0.366, add once on a pullback to 0.358. Take profit targets are first at 0.385, second at 0.40. Stop loss unified at 0.348; exit if broken, no holding through losses.
Shorts have just been bloodied; don't rush to take the opposite side. Follow the trend to go long, set stop loss properly; this move is driven by emotional premium, not value investing.
$MET
#纳斯达克指数连续两日创历史新高
@OKX星球 The Fed folks have started intensively speaking again, so we need to carefully sort this out.
They just raised rates by 25 basis points in September, and the probability of another 25 basis points hike in October is about 54.2%, with bulls and bears almost evenly split. Officials keep talking about inflation: Barkin says over 60% of PCE components are still above 3% year-over-year but doesn’t commit to the size of the rate hike; Collins says the risk of inflation staying above 2% long-term is rising; Musalem is even more hawkish, saying further tightening may be needed. What the market really worries about is not whether this hike will happen, but how long the high rates will last.
Switching focus to BTC, this narrative is like its tightening curse. The higher the real interest rates and the stronger the dollar, the more crypto risk appetite is suppressed, and BTC tends to swing short-term with the US stock market and liquidity expectations. On the other hand, if tightening drags on as "higher for longer," fiscal and debt pressures will also be amplified, and BTC’s narrative as a hedge against fiat depreciation will attract buying. For traders, before the October meeting, the key is to watch inflation components, non-farm payrolls, and the dollar index: if hawkishness exceeds expectations, BTC may first pull back; if dovishness emerges, it could challenge resistance levels again. Don’t just guess a single meeting; BTC’s bigger fear this round is sustained liquidity tightening, not just a single 25 basis point hike. #美联储官员密集发声，加息还要持续多久？ $BTC This drop just doesn't feel right to me.
During the day, BTC surged from 86,000 all the way up to 87,245, and everyone thought the bull was back. Those chasing longs, adding positions, and FOMO-ing all jumped in. But in less than two hours at night, it was smashed back down to 83,820. The stop losses of those chasing longs were wiped out.
This isn't a pullback; this is a harvest.
I'm not a conspiracy theorist, but this rhythm is too textbook: first pump to a level that makes everyone believe in a "breakout," wait for the bulls to enter, then turn around and smash down. Smash down to where? Exactly to the bulls' stop loss level. 83,820, no more, no less, just enough to wash out those chasing longs.
Those of us trading contracts know that manipulative whales love this kind of move: first give hope, then take the principal. That daytime surge had increased volume, and everyone thought "it's stable," but then a big bearish candle at night buried it all.
I didn't chase tonight. Not because I'm smart, but because after getting hit by the CPI night dump last week, I learned my lesson. The more a move "looks stable," the more cautious I am.
But honestly, watching it crash from 87,245 down to 83,820, I have mixed feelings.
Is this a normal pullback or a premeditated harvest? I won't guess. I only know that next time I see "the whole network shouting the bull is back," I'll keep my distance.
Brothers stuck in positions, are you holding up tonight?
#波动雷达：币种异动观察 $BTC $ETH $ZEC #BTC冲高$87000，加密总市值重返3万亿 🔥 The more hawkish the Fed sounds recently, the more I want to ask: Is this round of rate hikes nearing its end?
📉 Officials like Barkin and Collins have repeatedly emphasized inflation risks; Collins believes policy still needs to remain restrictive. In the September dot plot, 16 out of 19 officials expect the year-end rate to be at 【4.125%】 or higher.
🧠 This precisely indicates one thing: the market's focus has shifted from "whether to hike more" to "how much is left after this hike." If inflation remains stubborn, tightening expectations will certainly heat up again; but if data starts to cool, the market will quickly price in a policy peak.
📈 $BTC has already surged near 【87,000】, and $ETH once touched 【2800】. The absence of sustained sell-offs after the rate hike suggests some negative factors may have already been priced in.
⚠️ But don’t interpret "possibly nearing the end" as "blindly bullish." If the next round of inflation data heats up again, high-level volatility in BTC and ETH could significantly increase.
🎯 So what’s really worth watching next isn’t how hawkish officials sound, but 【inflation data + US Treasury yields + BTC high-level support】.
👀 Do you think this round of rate hikes is close to the end, or has the market not yet fully realized the tightening risks? #美联储官员密集发声，加息还要持续多久？ #BTC冲高$87000，加密总市值重返3万亿 The penguin just outran the market.
$PENGU has surged 16.6% over the past 24 hours and 52.1% in 7 days on OKX, while the broader NFT-token sector is up roughly 8.9% today. OKX data also shows around $537M in 24-hour PENGU trading volume.
There’s no major fresh protocol catalyst behind the move, suggesting this is increasingly a sector-rotation momentum-driven rally rather than a fundamental repricing. And that distinction could matter when momentum eventually fades.
#BTC87KCryptoCap3T Moscow's exchange really listed $XRP ! But don't get too excited yet, pay close attention to these two qualifiers before entering:
MOEX exchange launched five ruble perpetual contracts yesterday, one of which is XRP. But note: it's limited to qualified investors, and the XRP margin rate is as high as 43%.
Retail investors can't get in, and volume won't pick up yet, so it's more symbolic than substantial.
RSI is 65, a bit hot but not overbought yet, with plenty of room to rise.A few days ago, everyone was asking: “Is the rally real?” Now BTC is trading around $86K after briefly breaking $87K. ETH is around $2.75K. And institutional ETF flows are accelerating. But this is where traders usually make mistakes. They see the breakout → chase. The better question: WHERE IS THE INVALIDATION? For BTC: Above $87K → breakout confirmation zone $85K–$86K → important support Below $85K → momentum weakens The trend is strong. That doesn't mean every entry is good. Price first. Conf$ETH The US and Iran negotiated in New York for 3 hours. Trump verbally "destroyed Iran," then turned around and said "very good"—this is a typical mix of intimidation and negotiation. The Iranian foreign minister came with conditions: lifting the blockade, unfreezing assets, and stopping regional fronts; the US side listened, wanting to settle accounts on the Strait of Hormuz, nuclear red lines, and pre-election oil prices all at once.
Here's what I see: there are positive signals, but they are very weak.
1. Channels are open; Qatar and Pakistan conveyed messages, and neither side walked away from the table;
2. Iran dares to propose "resuming navigation in 7 days," indicating the Strait is a bargaining chip, not a mutual destruction point;
3. Trump wants no explosions before the midterm elections, Iran wants a breather, both sides are struggling to hold on.
But don't get carried away—no agreement on who moves first is the biggest problem. The US wants Iran to open the Strait first, Iran wants the US to ease the blockade first; the nuclear issue remains zero-sum. $BTC #BTC冲高$87000, crypto market cap returns to 3 trillion I took a hit earlier shorting $BTC, but with BTC now hovering around the upper-$80K area, I’m staying flat rather than forcing another trade. No position, no rush. My biggest setback came from $SPCX across both spot and futures. I had plenty of liquidation room, but patience ran out. I closed it manually, moved on, and recovered the loss through other setups. Right now, $SOL remains my main short idea. Around $110 still looks stretched to me, while the $120 zone would be even more aggressive. Th$BZ Brent crude oil prices have slightly rebounded by nearly 4 points. The previous order was placed at 93.3. However, since the rebound has already started and consumed some liquidity support, the order was canceled. Currently looking for shorting opportunities. 1 hundred million POL tokens are to be burned, the first reaction is that it's good news, right?
Don't rush.
To put it simply: the founder of Polygon said they want to burn 100 million POL, but the contract is still on the testnet, and it needs the council's signature before it can go live on the mainnet.
Once live, anyone can trigger the first burn, and then the community can burn once every quarter.
I was quite excited when I first saw it, but after thinking carefully, isn't this just a "plan within a plan"?
Only the actual burn counts; this is just a trailer.
The easiest mistake for newcomers is to treat "upcoming" as "already happened."
There are too many such announcements in crypto; after the signature, after going live on the mainnet, after the real burn, then it's not too late to get excited.
So the question is: are you planning to bet that it will definitely be executed, or will you wait until the real burn is done to see?
#CME拟推BCH与UNI期货 $POL 做交易这些年，我一直信奉一句话：永远不在下跌趋势里盲目意淫底，但一定要在市场情绪恐慌、盘口出现非理性断层时，果断下刀收割。 今晚 22:20 ~ 22:35，我在 CHIP/USDT 上完成了两次超跌日内短线狙击，两战两胜，15 分钟内利润全额落袋，随后空仓观望。
其实交易没有什么神秘的内幕，全在细节把控、位置选择和冷血的执行力。复盘一下我今晚这两单的开单与平仓逻辑： 一、第一枪：为什么我敢在急跌中精准接针？（入场位：0.04319） 今晚 22:20 前后，CHIP 盘面出现一波快速跳水。很多人看到连续大阴线会恐慌割肉，但在我眼里，这恰恰是送钱的黄金窗口： 极端负乖离（均线法则）：5 分钟级别价格瞬间脱离短期均线达 4% 以上。在微观结构里，短周期出现这种极速偏离，往往是空头抛盘踩踏形成的“流动性真空”，物理反弹的概率超过 90%； 多周期动能极度超卖：超短线 RSI 砸穿低位，随机强弱指标跌进 20 极度冰点区，前期的多头浮筹已经被彻底洗净，空头砸盘力量在这一秒出现了短暂停顿。 看准这个极速回踩的机会，我在 0.04319 果断开多进场。 二、平仓细节：为什么我 42 秒就毫不犹豫Previous wrong approach: staring at the 1-minute chart on the right side, entering the market immediately when seeing a low point and a small bullish candle rebound.
This causes a problem: the 5-minute chart on the left side still shows a large bearish candle, with no sign of stopping the decline or stabilizing, just a small short-term rebound. It's like trying to catch the bottom halfway up the mountain. The Hynix trade had the same issue, entering early and enduring fluctuations, while the market later moved 100 points.
Today's opening operation also made the same mistake.
Corrected chart reading rule:
First, use the 5-minute chart to determine the major trend, then look at the 1-minute intraday chart. You must wait for a stop in the decline and a turning point on the 5-minute level before referencing buy and sell signals on the 1-minute chart.
Do not just focus on the low points and small bullish candles on the 1-minute chart and rush to place orders. Even if there is a small rebound on the 1-minute chart, as long as the 5-minute chart on the left still shows a large bearish candle and the downtrend hasn't stopped, this small rebound is only temporary and carries high risk.
Mental review: Yesterday's opening trade successfully gained 100 points, which made my mindset somewhat arrogant and eager to enter the market, relaxing the trading rules.
After profits, it's easiest to underestimate the market. Even with previous successful cases, you cannot simplify the process or enter early. Trading discipline must not be broken because of one big win.
Insight: A single profit is just a reward given by the market, not a capital to arbitrarily simplify the rules. The market will not always go as expected; higher timeframes always take precedence over lower timeframes.$BTC dropped today due to three different reasons, don't get them confused:
BTC: The ETF absorbed 1 billion yesterday, and today it pulled back.
→ Pulsed inflows, trend unchanged. Don't treat one day's money as faith.
$ETH: Rose 74.6% in Q3, leading the decline today.
→ ADX at 61, overbought to the extreme. Meanwhile, $75 million worth of ETH is being transferred to Wintermute.
→ Retail investors are buying, market makers are selling. Today is just profit-taking.
ZEC: Retraced from 1680.
→ NU7 launches on November 5, ETF inflows continue, shielded pool proportion hasn't decreased.
→ Fundamentals unchanged; what changed is that those who chased highs yesterday are forced to sell today.
The reasons for the three coins' drops are different.
But the conclusion is the same: first watch when Brent drops from 100, then talk about bottom fishing. Old Trump bought MSTR again,
Does it look like he's endorsing Saylor?
But when you check the disclosure, damn.
All MSTR in Old Trump's account adds up to $115,000.
The president of the United States, this isn't even pocket money, not even a fraction of MSTR's daily trading volume.
What's funnier is, the White House itself said this account isn't operated by him personally, it's managed by a third-party institution, and it's under his name purely because he's the beneficiary.
He's totally exaggerating, right? Anyone who thinks this is bullish probably hasn't seen the big picture or how presidents buy stocks, haha.
MSTR has bounced 83% since BTC fell below $65,000, BTC itself climbed from 63,000 back above 86,000, plus the sentiment from the CLARITY Act, Saylor stopped for three weeks and then bought 950 BTC again.
Old Trump's disclosed transaction is at most a story hitching a ride, not a driving force. I guess it was done by the media person responsible for Trump, maybe sometimes Trump doesn't even know or was just told about it.
Oh right, the timing is also hilarious.
His trades in July just happened to coincide with when he started taking action against Iran.
While making big geopolitical news worldwide, quietly bottom-fishing risky assets in his account. Think about it, although not much, the strategy is clever.
MSTR is now stuck at the $170 level; breaking it could see $225. Major banks have raised their targets. But it's a leveraged BTC proxy; when the coin rises, it skyrockets, when the coin falls, it halves. Tonight ETH and DOGE followed the market plunge, but this drop was not unexpected; it feels more like a concentrated cooldown after overheating.
BTC surged from over 60,000 to 87,000, rising 14% in a week. Shorts were liquidated for over $900 million, and the short-term profit-taking was too crowded, so once the rally paused, some rushed to take profits.
At the same time, the Federal Reserve raised interest rates by 25 basis points, and officials leaned hawkish, hinting at possible further tightening within the year. Bitcoin yields no interest, so the higher the rates, the more apparent the holding cost, leading some funds to exit.
Sentiment also reached a warning zone: the greed index previously hit "extreme greed," and multi-period RSI was overbought. Such a market is naturally prone to pullbacks.
Additionally, FTX's bankruptcy liquidation is still processing assets; over 27,000 ETH were transferred to Wintermute, about $75 million, effectively adding real selling pressure to the market.
Therefore, with overextended gains, hawkish policies, overheated indicators, and actual selling pressure all combined, the drop is justified. This is not a bear market declaration but more like a bull market taking a breather after running hard. Around $BTC 85,000 is a short-term key level; holding it still offers a chance for recovery, but breaking below may lead to support around 84,000. Don't chase highs, don't panic, don't act emotionally—wait for stabilization before making moves.
$ETH $SOL $BTC
#BTC冲高$87000，加密总市值重返3万亿 #美伊3小时会谈释放积极信号？ #财报观察员：好市多Q4财报即将公布 #Strategy增发扩充现金，BTC配置节奏受关注
Strategy ended two weeks of silence, only adding 950 BTC at an average price of about $79,670, raising total reserves to 846,000 BTC. Strive bought 1,355 BTC, holding 26,355 BTC. In the ETH camp, BitMine increased its position by 27,562 in a single transaction, with a total nearing 5.98 million, of which 5.07 million have been staked.
Don't be misled by single large purchases. A single listed company cannot change the trend; the real signal is whether treasury funds and ETFs are accumulating in the same direction. If both sides continue to buy spot, circulating chips will be gradually locked up. This may not have an immediate effect in the short term but will reduce liquidity over the long term.
There is also a concern: the higher the price, the more institutional purchasing power is tested. Strategy is clearly buying cautiously this time, while BitMine seems more like staking arbitrage rather than simply bullish accumulation. The market has just warmed up; chasing highs is less advisable than observing. How long institutional buying can hold depends on funding costs and spot absorption capacity.#US-Iran 3-hour talks release positive signals?
Both sides say "positive signals released," but actually, neither side made concessions. 😄
They are just stubbornly holding out, while the market is being toyed with, jumping up and down.
Sat for three hours next to the UN General Assembly in New York, with Qatar relaying messages in between. Iran slammed its conditions on the table: first lift the maritime blockade, unfreeze funds, stop regional conflicts, then the Strait of Hormuz will be opened. The US did not agree Not a single short position was taken... Iran suddenly became tough again.
I thought the market would be relatively peaceful during the China-US friendly period, but I forgot about Iran.
Trump must be busy hosting, while Iran is unusually active.
At one moment, they claim to have detonated missiles on a US aircraft carrier, and the next moment, they say Saudi Arabia was bombed.
Then they threaten neighboring countries that if they cooperate with the US to stop Iranian navigation, their airports will not operate normally.
The core point is that Iran emphasizes it is not in a hurry to negotiate; the Strait will only be open if Iran's conditions are met.
The US Secretary of State said reaching an agreement with Iran requires hard work and time.
Brent crude oil price returned to 101, US oil returned to 91.
A series of chain reactions:
The 10-year US Treasury yield returned to 5.069%, the 30-year US Treasury yield returned to 5.379%.
Gold, the S&P, and BTC all fell together.
One month ago, the market expected WTI oil prices to fluctuate between 70 and 80, but now expectations may need to change.
WTI's top might be 100 or higher, the bottom is uncertain whether near 90. Whether it tops depends on Trump and whether he TACO, and whether it bottoms cannot ignore Iran, which seems not to want oil prices to fall. #纳斯达克指数连续两日创历史新高
The Nasdaq hit new highs again, breaking records for two consecutive days.📈
But if you glance up at BTC, it’s just hovering around 87,000 like a dead fish, completely still.😴
Why is the US stock market partying every day while the crypto world feels like a stagnant pool? Simply put, all the money has flocked to the AI giants. Stocks like Nvidia, AMD, and Microsoft have drained the global market liquidity dry. Wall Street is now focused on solid AI earnings and couldn’t care less about any crypto narratives.
The US stock market’s celebration is actually a brutal "drain" for the crypto space.🏦
All the incremental funds are sucked up by tech giants, leaving only leverage and Meme coins to harvest each other inside the market. Those recent wild swings in meme coins are just the existing funds caught in extreme internal competition.
In terms of strategy, don’t get envious.
Don’t look at the US stock market hitting new highs every day and think your altcoins have to follow suit, rushing in hot-headedly to buy high. The current logic is "US stocks drain liquidity, crypto consolidates." Hold your base positions steady, and absolutely don’t bet on one-sided contracts. Keep your U on hand and patiently wait for this US stock market sentiment to peak or for the crypto market to create a big dip before buying cheap.
Others are partying, but you need to stay clear-headed and not use your principal as fuel for the giants.⚡️
When do you think this extreme draining in the US stock market will spill over into the crypto space?👇$QQQ There is no such thing as a completely strict take-profit and stop-loss!
More precisely, a completely mechanical, fixed, one-size-fits-all strict take-profit and stop-loss does not exist.
As traders, take-profit and stop-loss are topics we must constantly pay attention to and understand.
First, they are counter to human nature and represent a dynamic operational process. When talking about take-profit and stop-loss, two price points often come to mind: one is the price at which we expect to take profit, and the other is the price at which we cannot bear the loss. I believe everyone has experienced the direction immediately changing after hitting a take-profit or stop-loss. Some traders base pricing on news and fundamentals, while others rely purely on technical analysis.
It’s not that one pricing method is better than the other, but not all strategies are suitable for incorporating take-profit and stop-loss operations. I believe take-profit and stop-loss are more necessary and easier to trigger in high-leverage or ultra-short-term markets because even slight fluctuations can cause huge losses. For medium- to long-term and low-leverage trading, such as long-term investors or strategic investors, stop-losses can be set very wide—so wide that normal daily fluctuations never touch them. But this “wide” is not the same as nonexistent; it must be placed at the point where your logic fails, not as if it doesn’t exist. If a stop-loss is just casually set very far away, by the time it triggers, the loss is already large, making it inefficient and meaningless.
My view is simple: when facing take-profit and stop-loss triggers, maintain a good mindset, use appropriate stop-losses at the right times, rather than applying a single parameter set to everything.
#交易之声：你的经验值得被听到 At this point, the ones I feel most sorry for are my family.
The wind on the rooftop of the 20th floor of the apartment is really cold.
I dare not tell my family, dare not face friends and relatives, dare not share even a bit of my suffering. All the grievances, despair, and self-blame can only be borne alone. I pretend to be calm in front of others, but break down and cry in private, swallowing all the bitter fruits I have sown by myself.
I have completely lost the positive, hardworking self I used to be. Now, I am exhausted, my eyes full of gloom, with no expectations for life and only fear for the future.
This calamity with FIL has taught me the most expensive and tragic lesson of my life.
I finally understand that the greed of ordinary people is the deadliest poison in this world. All the myths of getting rich without effort are abysses that devour lives. Leverage is never a tool for turning things around; it is the executioner that ruins the lives of ordinary people.
A farce that wipes out half a lifetime; a moment of greed and delusion leads to eternal ruin.
I lost my savings, my youth, my confidence, and the stable, happy life I should have had.
For the rest of my life, there is only debt repayment, self-healing, and atonement.
I will stay away from the crypto circle for life, away from speculation, away from all illusory fantasies.
With this broken body, I will remember the most painful lesson of my life, year after year, never forgetting.Annualized +135%. I almost believed it.
That number was ridiculously good: annualized 135%, drawdown only 7.4%, t-value 6.41.
After staring at it for two minutes, I realized one thing: these three things can't all be true at the same time.
Following the investigation, the problem was with one line of indexing—it took the K-line that hadn't closed yet. It's like letting the strategy know the future in advance.
After fixing it: annualized −10%.
Now my self-check method is pretty crude: change the index to k−1 and run it again; if it collapses, it's lookahead bias.
$BTC $BTC suddenly plunged, with $180 million liquidated in 1 hour. Who blew up the leverage this time?
That recent bearish candle was pretty brutal; BTC, ETH, SOL, and OKB all crashed almost simultaneously.
At the moment, it doesn't look like a sudden project crash but more like a collective stampede of high leverage positions.
A few days ago, the market just went through a short squeeze; after the shorts were squeezed out, the bulls started chasing crazily, and leverage piled up again. Now, as BTC dips slightly, long positions are being forcefully liquidated, and these liquidations push the price down further, triggering the next batch of long liquidations.
Will this round finally clean out the high leverage?
If open interest drops significantly and the price stabilizes afterward, this looks more like a normal deleveraging.
But if the bearish candle continues to widen, then it’s not just simple deleveraging; the market might have to revalue the recent rally from the past few days.Taking profits too early is really not a big mistake; at worst, you make a little profit. But holding onto a losing position for the long term can truly be fatal.
Why fear holding a losing position? Because if the unrealized loss lasts too long, it means your initial directional judgment was completely wrong. The market simply doesn't follow your script, and you stubbornly hold on, not only exposing your principal to huge risks but, more importantly, missing out on other genuinely profitable opportunities. The cost of time and missed opportunities is far scarier than that unrealized loss.
My current approach is very simple: as soon as I place an order, I immediately set a stop loss. If the stop loss is hit, it means I was wrong, so I admit the mistake and exit, then immediately look for the next direction. I never fight the market, nor do I go against the trend. Trading is fundamentally a game of probabilities; no one is a deity and no one can be right on every trade.
After reading the sharing from Tianwang Gaidihu M, I strongly resonate with it. Every loss is a lesson learned; every stop loss is a sign of growing respect and understanding for the market. Stop losses may be mistakes, but they accumulate experience, and naturally, directional accuracy improves. Trading is not about who makes the most on a single trade, but about who survives longer and can consistently deliver stable results. Preserving capital and keeping a clear mind are more important than anything else. $BTC $ETH #交易之声：你的经验值得被听到 #Nasdaq Index Hits Record Highs for Two Consecutive Days
I am the mid-term intelligence analyst. The Nasdaq has hit new highs for two days in a row. Don’t get carried away just by the words "breaking the top"—this rally isn’t a broad surge; it’s AI Agents repricing computing power, storage, semiconductors, and cloud providers: Meta’s Muse has turned the consensus to "AI can work," AMD surpassed one trillion, storage chains followed the rise, oil prices fell, and long-term bonds didn’t squeeze further, giving growth stocks some breathing room.
From a mid-term perspective, I see "real industry, expensive valuations": AI capital expenditures and cloud revenues are being realized, but the Nasdaq is carried by a few giants, the Dow lags behind, financial platforms are threatened by Agents, and breadth is actually average.
My strategy: don’t chase the leaders that spike instantly; add positions only on pullbacks that don’t break previous highs, with continued rotation among semiconductors, software, and cloud; if the 10-year US Treasury yield surges past 5% again and oil prices rise above 100, that’s a signal of peak sentiment. New highs are not buy points; holding above them is.
$BTC
$ETH
$SNDK
#BTC surges to $87000, crypto total market cap returns to 3 trillion $BTC stands above 87000, currently at 86683, the market is so quiet it's unsettling.
Bulls have floating profits on paper but feel insecure. BONK is up 210% this week, WIF +168%, PEPE +95%. The more they rise, the more it feels like a trap. Reducing positions risks missing the final frenzy, holding on risks profits evaporating overnight. This "making money but sleeping poorly" state is more tormenting than being stuck in a loss.
Bears suffer even more. Weekly RSI shows bearish divergence, exchange balances are rising, a drop should follow according to the script. But prices just consolidate and push higher; every time shorts increase, a bullish candle wipes them out. Liquidation orders pile up denser than limit orders, bears have become the best fuel.
Both sides are anxious, indicating the market has entered a zone of divergence. On-chain data shows whales are selling in batches, retail investors are accelerating entry, but stablecoin market cap isn't keeping up. A typical zero-sum game, pumping relies on sentiment, dumping relies on panic.
My view: 86600 is the emotional watershed. Don't guess tops or bottoms now, first check your pockets. Those heavily invested have no right to talk about the big picture, those empty-handed have no right to talk about fear. The real question isn't "will it rise further," but "if the market turns when you wake up tomorrow, can your account withstand it?"
#BTC冲高$87000，加密总市值重返3万亿 #美伊3小时会谈释放积极信号？ #美联储官员密集发声，加息还要持续多久？
#美元指数时隔两月重上101 美元站上101，币圈美股这波涨到头了吗？
The strengthening of the dollar is indeed bearish, but it’s not a death sentence.
The Federal Reserve just raised rates by 25 basis points, and officials have said "one hike is not enough." The market is now betting on another hike in October, with the dollar index seen hitting 101 by ING. Money is flowing into dollar assets, naturally putting pressure on risk assets.
But look at what’s happening in crypto: Bitcoin is stubbornly holding near 87,000, and a couple of days ago it even forced a short squeeze that wiped out over 600 million in shorts. ETH ETFs are also attracting capital. What does this mean? The market is caught between two logics: "strong dollar" and "looser regulation."
The SEC has granted innovation exemptions for tokenized stocks, which is a solid positive. On-chain, Glassnode data shows that whales have actually been reducing positions in September, with accumulation scores dropping near zero. This is interesting—prices are rising, but on-chain activity isn’t following.
So my trading logic is simple: don’t chase highs, don’t catch bottoms. When the dollar breaks above 101, historically the crypto market tends to shake out. Wait for a pullback and see if 82,000 can hold. #高利率下，黄金还能走多远？ Hahaha! The "privacy coin rebound" pushed $ZEC up to 1603, with 50x long positions nearly quintupling, and the community bulls are over the moon! But let me tell you, the emotional peak is the night before the pullback! Bears are already lurking around the 1600 level, and one sharp move down will cut your unrealized profits in half, leaving you stunned on the spot!
With 50x leverage, the margin for error is only 2%, my brother! Most have locked in profits, with the base position at 1469.28 break-even. Let those FOMO shorts play their game; you withdraw and leave—don’t act cocky proving yourself at the bull peak! Are you stupid or what?! $ETH $DOGE #ZEC巨鲸3.8万枚空单平仓，亏损超3500万美元 This recent plunge came too fast!
At present, it looks more like a rapid crash caused by the combination of "macro pressure + high-level profit-taking + chained liquidation of leveraged long positions," and there is no sudden black swan event sufficient to independently explain the market-wide crash.
$BTC once fell back to around $83,800, and $ETH dropped below $2,700; within just one hour, about $31M of BTC long positions were liquidated, while another statistic shows that the total market liquidation scale reached about $180M in one hour, of which about $174M came from long positions. 
Additionally, the sudden rebound in oil prices and the rise in U.S. short-term bond yields have reinforced market concerns that the Federal Reserve may continue to lean hawkish in October. According to the latest CoinDesk report, when BTC dipped to around $85,500, WTI oil prices turned upward, and the U.S. 2-year yield rose to near cycle highs, intensifying expectations for a rate hike in October. 
Before this rise, a large amount of leverage had already accumulated: BTC quickly surged from around 75,000 to 87,000, and ETF funds once had a net inflow close to $1 billion in a single day. The faster the rise, the easier it is for chasing long funds to trigger a stampede during a pullback. 
The key now is to watch whether BTC can reclaim the $85,000 level.
Tonight, the true dividing line between bulls and bears has appeared.
#BTC冲高$87000，加密总市值重返3万亿
#美伊3小时会谈释放积极信号？