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🚀 Bitcoin’s market cap has grown by +36.0% since August 18, dramatically separating from the S&P 500’s +0.8% and gold’s -1.5% performances in that same time. The breakout began as smaller 0.1-10 BTC holders capitulated in mid-August. 💧 Liquidity helped flip the trend. Treasury doubled the size of long-duration bond buybacks beginning in September, ETF demand returned, and repeated short squeezes forced bearish traders to buy back positions as BTC broke resistance. 📊 This five-week divergence #NasdaqHitsRecordHigh The Nasdaq keeps making records, but the rally is getting more interesting 👀 Micron jumped ~5% and Sandisk nearly 7%, helping tech push higher while the Dow fell. What caught my attention is this is happening despite elevated Treasury yields and renewed Fed hike risk. AI is still powerful enough to overpower the macro headwind, but breadth is the real test. A record index is one thing. A record market needs more sectors to join in.Nvidia's new rack shipment, and I didn't even understand what it was about AMD computers have started shipping, equipped with Nvidia Vera Rubin NVL72. What I did: I rushed into the computing power concept after seeing the news, only to buy at the peak. The data looks like this: this machine is a rack-level system, which has nothing to do with the small coins I bought. The lesson here: newcomers are most likely to mistake big company news for their own benefit. The computing power is really running, but the money really hasn't entered my pocket. Did you guys also tremble at the sight of the word Nvidia at first? #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 #特朗普提议AI更名“超级智能” $NVDA 😭XRP dropped from 1.65, is the fish tail coming? Yesterday's low was 1.4801, the high touched 1.5972 but didn't break through, closing at 1.5716. Today opened at 1.5716, the high was 1.6584, the low 1.5471, current price around 1.565. Volume slightly shrank. 1.6584 above is still resistance. If 1.5471 below breaks again, it’s likely to first revisit the 1.5716 opening level, only then might it aggressively test yesterday's 1.4801. In the short term, watch if 1.565 can hold. If it can't hold, consider it a pullback after a rally, don't chase at this price now. For those already holding, watch if 1.5471 support holds; if it doesn't, consider reducing your position. $XRP Chainlink’s Infosys partnership hit the feed on Sep 22 framed around 1.7 billion bank accounts. The deal names no bank and no timeline. On-chain, $LINK added 1,344 new addresses that day. 📊 Sep 22 new $LINK addresses: 1,344, down from 1,556 the day before. Sep 23 is still coming in, so a delayed response wouldn’t show yet. 🧭 That sits ~19% above the September average. Eleven days since Aug 1 still printed higher, topping out at 1,929 on Aug 21. 📈 $LINK price is up ~60% since Aug 1 and slippedThe first time I encountered this thing was when a colleague pulled me into a group chat. He sent a screenshot saying he made money again today. I looked on enviously and downloaded an app as soon as I got home. I struggled with registration for a long time because the verification code never came. After getting in, I didn’t understand anything; it was all just lines. I first deposited a small amount and bought some $BTC. After buying, I stared at the screen and even forgot to eat. When it went up a bit, I was happy; when it dropped, I cursed. At night, lying in bed, I was still checking the market. The next morning, I saw it basically hadn’t moved. But I was as tired as a dog. Later, I heard $ETH could be used on-chain. I joined the fun again but transferring funds took forever. The fees made me grimace. At that time, I joined several groups and watched people shout “go!” every day. Whenever they shouted, I got itchy hands, afraid of missing out. Once I made a profit and didn’t sell, wanting to be greedier. All the profits flew away and I even lost money. Another time, I panicked when it dropped and sold at a loss, then it went up again. I was so angry I didn’t even finish my instant noodles. $SOL was tried later with a small position. It’s really fast, and the drops are fierce too. In minutes, it can make people smile or shut up. I’ve seen others show off profits and others delete the app. Gradually, I stopped looking at the groups. I don’t believe in guaranteed profits anymore. I only play with spare money, don’t borrow, and don’t go all in. I don’t touch projects I don’t understand, even if they’re free. I sleep when I should at night; if I miss out, I miss out. If I make money, I don’t get cocky; if I lose, I don’t get obsessed. Being able to keep going is more important than how much you make in one trade. This is my most genuine feeling after years of messing around. #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 #美联储官员密集发声，加息还要持续多久？ Reviewing my own trading records, I keep hitting a wall between "fear of profit giving back" and "unwillingness to admit mistakes" I used to recklessly play with altcoins and always got liquidated, now I only focus on BTC and ETH Luck is indeed part of skill, but without discipline as a safety net, profits made by luck will eventually be lost by skill Taking profits too early is because I'm afraid of losing BTC and ETH's unrealized gains, holding losses for too long is because I can't admit mistakes, stubbornly turning short-term trades into liquidations. To correct this, I must strictly follow three iron rules: First, write down invalidation conditions before trading; if the trend doesn't meet expectations, decisively cut losses Second, once there is unrealized profit, immediately move the stop loss to the cost line; never let winning BTC and ETH trades turn into losing ones Third, strictly manage position size, keep leverage within 10x, test with small positions, and add more only after confirmation Stop complaining about bad luck; first judge right or wrong according to the plan, let stop loss and position size manage my emotions Treat every order as a probability game, use iron rules to protect the bottom line, so when luck comes next time, I truly have the strength to catch it! #交易之声：你的经验值得被听到 $XPL — watching the short side ahead of a major unlock in 2 days, with ~70% of supply reportedly unlocking. That could create heavy selling pressure, but unlocks don’t automatically mean tokens hit the market—watch the project’s actions closely. $HYPE looks stretched. $100 may remain tough to reclaim; I’m watching $95 for a potential short add, with a new-high stop. $VVV’s 3-day rise is losing momentum, while open interest has declined. #BTC87KCryptoCap3T #USIranTalksProgress Is this market only for the impatient? Chasing longs just to get hit by bearish candles, cutting shorts only to face a rally, my stop losses feel like they're being monitored by the big players. BTC: 86,000 sticks like chewing gum, up 13% in four days, 87,000 tested, breaking 84,000 would become a ceiling. Shorts just got cleared, 126,000 still up in the clouds, awkward both ways, longs and shorts both punished. ETH: Playing Tai Chi with Bitcoin, bouncing back and forth between 2746 and 2802, 2700 is the defense line, bouncing 3% to 6%, K-line looks sleepy. ZEC: The lone privacy coin holding strong, 1492 to 1505, 1500 won't let go, almost doubled in 30 days, strong with no friends. There are signs of capital inflow, but chasing here, the mood flips faster than turning pages. Summary: High-level tug of war, no one is happy. Don’t get itchy-handed, don’t be impulsive, let the market show its cards first. #美联储官员密集发声，加息还要持续多久？ The Fed just raised rates to 3.75%–4.00%, and officials collectively turned hawkish again: Musalem said "possibly more hikes," Barkin said "inflation risks outweigh unemployment," Collins directly sided with "one more hike before year-end." The dot plot also raised the median for the end of 2026 to 4.1% — translation: very likely another 25bp hike this year, very likely no cuts in 2027, rate cuts pushed to 2028/2029. For the crypto space, this is the real news: • USD and US Treasury yields remain high → risk asset denominators continue to be pressured • BTC/ETH aren’t not falling, they are "pricing in bad news early" and then playing dead, rebound potential is locked down by macro • Altcoins, MEME, and meme coins will still drain liquidity, but high leverage will be easily washed out • The market’s biggest fear isn’t "one hike," it’s the phrase "high rates for a long time" My judgment: 👉 October looks at data (core PCE, oil prices, nonfarm payrolls), either hike or no hike is normal 👉 Another hike in December is the baseline scenario 👉 The real pivot to easing requires: inflation clearly returning near 2%, or economic/employment trouble 👉 Until then, don’t mistake "resilience" for a bull market, don’t mistake "hawkish pause" for good news Old crypto saying revisited: Without the Fed turning, liquidity won’t flood, and BTC will struggle to run wild. Now is not the bottom-fishing moment, it’s the position management moment. $ETH current price is 2710, long position floating profit is 40 points, don't rush to celebrate yet The profit figure isn't exaggerated, but it's enough to make one itchy-handed: run, afraid of missing the sell; add, afraid of pullback; do nothing, the account's every jump is tempting. These 40 points, the market isn't giving me a certificate of merit, just preliminarily confirming: the direction I took earlier hasn't been falsified for now. Many people focus on the take-profit line, but I care more about two things: whether the position is heavy and whether the liquidation point is far. ETH's volatility is never gentle; a sharp spike can sweep out leveraged positions. Being right in judgment doesn't mean you can hold until the moment the judgment is realized. Survive first, then talk about profit. Looking at a longer cycle, ETH's narrative hasn't stopped: ETF channels, staking yields, L2 ecosystem, upgrade expectations, plus once macro liquidity eases, risk assets will be repriced. BTC stabilizes the market, only then does ETH have room to show its own elasticity. These are not guarantees, just reasons it hasn't been forgotten by the market. Floating profit tests people the most. A little pullback makes you want to run, a little rise makes you want to add, a long sideways makes you doubt the logic. But the market often doesn't die from wrong direction, but from hands moving too fast. 40 points can protect, can push stop-loss, can reduce leverage, but don't let it turn from floating profit into "I once made money." The real threshold for $ETH bulls is not the entry price, but being able to stay seated after floating profit. The market gives profit to qualify you to continue sitting, not to urge you to get off early.#200 Yuan Challenge to 1 Million Phase 2 · Day 7 Today a small loss on the account: total assets 93.88, today -4.30 (-4.38%). The numbers don’t look good, but what I want to say is that today was the most disciplined day since my transformation. Three trades, all public: $ALLO short: +2.09 (+19.89%). This is my most satisfying trade so far—I entered at a low point yesterday, and today I successfully took profit, a 19.89% return, which is solid with 2x leverage. $AKE short: -0.68 (-6.37%). This old rival AKE crossed my path again; this time I misjudged and stopped out at a 6.37% loss. The loss was small because the leverage was low. $MUBARAK long: -2.55 (-18.97%). This was the worst loss; the stop loss was triggered. But please note—it was a "stop loss trigger," not me holding until liquidation. This is the difference I’ve learned from paying my tuition over the past half month. Putting the three trades together: one profit, two losses, net loss 4.30. What would I have done before with an 18.97% loss? I would have added positions, held on, and comforted myself with "it will come back sooner or later." Today, my stop loss orders are set, and when the price hits, the system automatically exits me—I don’t even give myself a chance to hesitate. Honestly, I can accept this kind of small loss better today. Why? Because it’s "controllable." I clearly know the maximum loss per trade and the maximum total loss—this feeling is completely different from Phase 1 when I didn’t know how much money would be left tomorrow. Restarted from 10 dollars, three days of trading: 105.74 → 93.88. Slow, but every step is under my control. This is the pace I want. Let’s chat in the comments: when your stop loss is triggered, do you really follow the discipline, or do you secretly move the stop loss? Honestly, I want to see how many people have made the same mistake as me 🤝 Always use stop loss, low leverage, position management, all holdings and funds fully disclosed. For reference only, not investment advice. #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 The four-year cycle playbook many relied on has not worked for this $BTC bear. At this point, the last three were more than twice as deep and weeks from their lows. This one is 30% below its high and rising. A late drop to their depth looks less likely by the week.The most unusual detail in today's market is not in the list of biggest declines itself, but in the funding rates: $ONE plunged 18.71% in 24 hours, yet its funding rate dropped to -1.0457%, meaning short positions pay fees and longs receive money. Meanwhile, $RENDER, which also weakened during the same period, still has a positive funding rate of +0.0050%. Both are weak assets, but one is squeezed to an extremely negative funding rate by shorts, while the other maintains a neutral to slightly bullish rate. This structural difference indicates that $ONE's decline is driven more by passive long liquidations and short chasing rather than pure spot selling pressure. A horizontal comparison is clearer: $RENDER's current price is 1.771, with MA5 < MA20, RSI at 36.5, MACD bearish, and a 30-candle amplitude of only 6.55%, indicating a mild downtrend; $PROMPT, on the other hand, rose 9.85% against the trend, with MA5 crossing above MA20, RSI at 55.9, MACD bullish, making it the only strong asset in the sector. $ONE's amplitude is as high as 43.63%, RSI at 38.4 close to oversold, MACD histogram turned positive at +2.061e-05, and price at 0.003015 near the lower Bollinger Band at 0.00290778, signaling a momentum divergence after a sharp drop. In a greed environment with a fear and greed index of 71, this extreme negative funding rate combined with oversold conditions often fuels short covering. The directional bias is bullish, based on the logic of negative funding rate forcing shorts to cover + MACD bullish divergence + support at the lower Bollinger Band. BTC has surged to 87,000, and the market is starting to shout "3 trillion is back." But what about ETH? It's still hovering around 2,740. The heat is on—has the capital really rotated to the second coin? I am a student working part-time to support myself. Every time I check my ETH position card, I’m not just watching the unrealized gains or losses, but also this month’s meal money, commuting expenses, and next month’s plans. Hold steady above 2,700, watch if 2,750 can gain volume and follow through; If it falls below 2,700, first look at 2,670, and if that breaks, tighten risk—don’t gamble with living expenses on emotions. Real positions, costs, and P&L are based on the attached ETH position card; no numbers are fabricated in the main text. Is ETH waiting for a catch-up rally, or has it already been left behind by BTC in this round of the market? This is just a personal review and does not constitute investment advice. Please use funds you can afford to lose. $ETH #ETH行情 #BTC冲高87000$Do you know what's the funniest thing? I wake up, open X, and see $BTC has dropped 2% from the high, and suddenly everyone is expecting a sharp correction. This is exactly why so many people don't make money in a bull market. Eleven months of bear market price action have conditioned people to expect every rise to be fully retraced. Now that the trend has shifted, we've broken through and made a new weekly high, and the first hint of red makes people panic again. That kind of mindset will keep exposing people's weaknesses. We are going to surge significantly, with or without you. In a bull market, pullbacks are shallow. The first meaningful correction I see is more likely to come from 90k rather than 87k. We just broke out, made a 7% daily green candle, and the first reaction is "let me short"?#美伊3小时会谈释放积极信号？ Positive Signals from the 3-Hour US-Iran Talks: What Truly Impacts the Market Is Whether the "De-escalation" Can Be Formalized in an Agreement A new diplomatic window has suddenly opened in US-Iran relations. Trump stated that US officials held about a 3-hour meeting with Iranian representatives and described the communication as "very good"; he later said that negotiations are still ongoing and expressed optimism about reaching a final agreement. However, the market should not yet interpret this as the end of the conflict. Iran still demands that the US ease military pressure, lift the port blockade, and has proposed reopening the Strait of Hormuz after conditions are met; significant differences remain on core issues such as the nuclear question. For the crypto market, the logic is straightforward: if negotiations progress, geopolitical risk premiums decline → oil price pressure eases → inflation concerns decrease → risk asset valuation environment improves. Conversely, if talks break down again, oil prices and safe-haven trades may heat up once more. Therefore, what traders should really focus on is not the "3-hour meeting" itself, but whether there will be a ceasefire next, the reopening of the Strait of Hormuz, and substantive progress toward a formal agreement.The first time I bought crypto was because a friend encouraged me. He said, "Throw in a few hundred bucks to test the waters." I said I wouldn’t touch it, but inside I was itching. That night I downloaded an app and spent a long time registering. The verification code never came, and I was so annoyed I almost uninstalled it. Once inside, the interface was so cluttered I didn’t understand a thing. My first purchase was $BTC. After buying, I stared at the screen. If it went up a bit, I smiled foolishly; if it dropped, I cursed. At 2 a.m., I still couldn’t bear to sleep. The next day, I saw it barely moved, and my eyes hurt from tiredness. Later, I tried $ETH because I heard you could play on the chain. But transferring took forever, and the fees were expensive. Back then, I joined several groups and watched people shout “go!” every day. Whenever others shouted, I got itchy hands, afraid to miss out. Once I made a profit but didn’t sell, wanting to wait longer, and ended up losing it all. Another time, I panicked when it dropped, sold, and then it slowly climbed back up. That feeling was really frustrating; I couldn’t even eat. $SOL was a small position I tried later. It’s really fast and volatile. In minutes, it can make you smile or shut you up. I’ve seen people show off profits and others lose so much they delete the app. Gradually, I stopped watching groups and stopped believing in guaranteed profits. I only play with spare money, don’t borrow, and never go all in. I avoid projects I don’t understand, even if they’re free. I sleep when I should at night; if I miss out, I miss out. Don’t get cocky when you win, don’t get obsessed when you lose. Being able to keep going is more important than how much you make in one trade. This is my most honest feeling after years of messing around. #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 #美联储官员密集发声，加息还要持续多久？ Why crypto is pumping The hike was already priced in, so the sell-off happened ahead of the print. Shorts got squeezed, oil cooled off, and altcoins led the move — especially ZEC, HYPE, and DeFi. This doesn’t look like fresh liquidity entering the market. Rates actually moved higher, while ETFs are still seeing outflows. $80K BTC remains the key level. For now, this looks more like a relief rally than a regime change."Three-Dimensional Trading System | BTC Latest Evening Market Update (3/3): Structural Patterns and Core Judgments" — BTC price requires a healthy correction, with a 60% probability of a sharp pullback! Second, ETFs continue to see large inflows, totaling about $2.3 billion over four days, representing the clearest current buying force. Whales stopped increasing holdings in September, and spot demand has yet to turn positive. ETF buying versus whales not buying indicates a structural divergence that warrants caution. Third, the derivatives long-short ratio leans bearish, with short positions still being established, contrasting the surface phenomenon of "shorts being liquidated." Core judgment: The structure for a full bull market launch remains intact, but there is a short-term need for a downward correction. 84,500 is the short-term watershed; holding above it means consolidation and accumulation, breaking below tests the liquidation cluster near 82K. ETF inflows are the only core support; once ETF funds turn to outflows, a downward correction is inevitable. Through multidimensional analysis and judgment, the probability of a subsequent Bitcoin price decline and correction is 60%. First target price on the downside is 84,500, second target near 83,500, with an extreme correction level above 80K, which would liquidate about $1.762 billion in long positions before rebounding. Every correction is a buying opportunity; patiently wait for Bitcoin price to pull back to 83.5K!The Fed just delivered another 25bp hike, yet risk assets are refusing to behave like the textbook script. The Nasdaq has pushed to a fresh record, while $BTC remains above $86K after reaching roughly $87K. So what changed? 🛢️ Energy pressure is easing. Brent has pulled back toward the $100 area as Middle East supply concerns cool and Saudi Arabia works toward restoring pipeline operations. Lower oil prices reduce some of the immediate inflation pressure. 📉 Bond yields have also backed away frDamn, Glassnode says Bitcoin has most likely established a bottom, and the chance of a further deep drop is small! #BTC冲高$87000，加密总市值重返3万亿 What he's saying this time is quite interesting. Previously, it was believed that BTC follows a four-year cycle, with a bull run followed by a major bear market, dropping 50%, 60%, or even more $BTC $ETH But this time it really seems different. The previous three bear markets had severe drops, but this time it hasn't even reached half of that yet, and quite a bit of time has already passed. Now many people are waiting every day for that "final drop," but week after week passes, and BTC just doesn't follow the script. Could it be that this time the four-year cycle script is really broken? What if everyone is waiting for a crash, but it simply doesn't happen?Forward raises $25 million to increase its SOL holdings—both positive news and diluted risks need to be viewed together! Forward Industries announced today that it plans to issue 3.125 million new shares at $8 per share, raising about $25 million, mainly for continued purchase of SOL after fees, expected to be completed by September 24. ([turn0search1]) This news is positive for SOL itself, as the market now has a clear expectation of institutional buying; But for FWDI shareholders, "increasing SOL" and "issuing new shares" are two simultaneous events. So I won't simply define it as a positive sign. On the positive side: The company now holds about 8.16 million SOL and its equivalents, continuing to raise funds to buy SOL, which is essentially expanding its SOL Treasury. If SOL rises, the company's asset scale and market attention will further increase. ([turn0news0]) Risk aspect: This time, 3.125 million shares were added directly, and the original shareholders' shareholding ratios would be diluted. More importantly, if the growth rate of new shares exceeds the growth rate of SOL's holdings, SOL per share may actually decline. So the real indicator to watch is not "how much SOL Forward bought again," but rather: SOL Holdings Growth Rate vs. Tradable Stock Growth Rate. The company has indeed done similar operations before, and as of the end of June, SOL per fully dil"Three-Dimensional Trading System | BTC Latest Evening Market Update (2/3): On-Chain Data" ETF capital inflow is currently the clearest buying force. On September 21, the single-day net inflow was $998.9 million, a new high for the year; On September 22, inflows continued with $714.7 million, marking the fourth consecutive day of net inflows. Whale behavior showed significant changes in September. In August, mid-sized whales holding 100-1,000 BTC increased their holdings by about 73,300 BTC, while ultra-large whales holding over 10,000 BTC increased by about 43,300 BTC. By September, Glassnode's accumulation trend score dropped close to zero, indicating that large entities overall shifted to asset allocation or ceased meaningful accumulation. Whales changed from "buyers" in August to "non-buyers" in September. Spot demand has yet to turn positive. The 30-day cumulative spot demand remains at -180,000 BTC, still in negative territory. Prices are rising, but total demand has not turned positive, indicating the rise is driven more by "reduced selling pressure" rather than sustained "buying strength." Exchange capital flow: overall net outflow in September, leaning towards accumulation. Trading platforms mainly saw net outflows throughout September, with Bitcoin continuously leaving exchanges, which usually means lighter short-term selling pressure, favoring accumulation over distribution. On-chain assessment: continuous large ETF inflows provide short-term support, but whales stopped accumulating in September, and spot demand remains negative. There is a divergence in the on-chain structure of "ETF buying, whales not buying," leaving the market structure still fragile.A strong rally doesn’t mean every dip should be bought. After BTC pushed toward $86.5K–$87K, the market is entering a key consolidation phase. 🟠 $BTC — ~$86K BTC remains above the $85K area after briefly testing the upper-$86K zone. • $84.5K–$85K: important near-term support • $87K: first breakout hurdle • $89K–$90K: major psychological zone The big catalyst remains institutional demand: U.S. spot BTC ETFs recorded roughly $999M in net inflows in one session, the strongest daily inflow reportedThe first time I encountered virtual currency was while scrolling through short videos. Someone said they earned half a month's salary in a day. I was tempted listening to that, and immediately downloaded an app. I spent a long time registering, but the verification code never arrived. Eventually, I got in; the interface was flashy and confusing, I didn't understand anything. I first deposited a little money, my palms were sweaty. I bought $BTC, and after buying, I just stared at the screen in a daze. I was happy when it rose a few dollars, annoyed when it dropped a few. At night, lying in bed, I was still checking the market, barely slept well. The next day, it basically didn't move, but I was exhausted like a dog. Later, I heard people say $ETH could be used on-chain, so I joined the fun. Transferring funds took a long time, and the fees made me grimace. During that period, I joined several groups, watching people shout "go!" every day. Whenever others shouted, I got itchy hands, afraid of missing out, often buying at the peak. Once I made a profit but didn't sell, wanting to be greedier, and lost all the gains. Another time, I panicked when it dropped, sold it, and then it slowly rose back. I was so angry that day I couldn't eat well. $SOL was a later small position trial; it’s really fast, and when it crashes, it’s brutal. It can make people smile in minutes, or shut them up in minutes. I saw people showing profits, and others losing so much they deleted the app. Gradually, I stopped watching groups and stopped believing in guaranteed profits. I only play with spare money, never borrow, never go all in. If I don’t understand a project, I won’t touch it even if it’s free. I sleep when I should at night; if I miss out, I miss out. Don’t get cocky when you win, don’t get obsessed when you lose. Being able to keep going is more important than how much you make in one trade. This is the most genuine feeling I’ve had after years of messing around. #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 #美联储官员密集发声，加息还要持续多久？ BTC holds steady near 86,000, but BCH surges nearly 30%. Where is the capital flowing? There is a very obvious change in the market today: BTC has returned above $86,000, but the real standout is BCH. Currently, BTC maintains strong consolidation overall, while BCH's intraday increase is close to 30%, clearly outperforming mainstream coins like BTC and ETH. OKX Planet has also seen a lot of discussions today around BCH's unusual movements. My understanding is that market funds are rotating to some extent. BTC is responsible for stabilizing the overall market. When BTC does not show obvious weakness, capital is more likely to seek directions with greater elasticity. This time, BCH is also boosted by CME-related futures news, so short-term capital attention has clearly increased. Structurally, I am still bullish on BCH. Next, focus on the area around $350. If it can hold around this level and expand volume upward again, I will continue to watch the $360 area and the situation of breaking previous highs; if it falls back into the breakout zone and continues to weaken, I will reassess the short-term direction. In today's market, I will not only focus on BTC—whether BTC can remain stable + whether BCH can continue to outperform the market are the two signals I am paying attention to tonight. $BTC $BCH Personal market observation, not investment advice.SEC filings reveal PowerCompute holds 323 BTC, but the real highlight of this company is no longer just about "hoarding coins"! According to PowerCompute's latest disclosure, as of August 31, it held 323 BTC, which is worth about $25.2 million at about $78,000 at the time. More importantly, 307 BTC have already been used as loan collateral, with only 16 actually uncollateralized. So I won't simply interpret this news as "another listed company hoarding BTC." In my opinion, what makes PowerCompute truly worth watching now is that it is forming a triple logic of "BTC mining companies + power resources + AI computing power." The company currently has about 26MW of proprietary power infrastructure and is upgrading mining rigs, with total hash rate expected to increase from 771 PH/s to about 862 PH/s. More importantly, the company has begun transitioning to HPC and AI infrastructure. This leads to an interesting valuation change: Previously, the market valued mining companies mainly based on BTC prices, mining costs, and hash rate scale; In the future, if AI computing power businesses are truly implemented, the market will also look at power resources, data center capacity, GPU computing revenue, and long-term AI orders. But the risks should not be ignored: 307 BTC collateralized means BTC declines could increase financing pressure, while the AI business is still in an expansion phase. So what I focus on more is not "how much 323 BTC are worth," but rather two validations: BTC assets💰 As #BTC has touched $86k, long leverage is slowly rebuilding in the options market. Open Interest put/call ratios are moving up. However, this still remains far from the frothy levels we saw near the BTC top. Perp speculation also remains muted with funding below neutral.Options now make up almost half of Bitcoin’s crypto-native derivatives market, up from a quarter, after dated futures faded and perpetual futures took over the leveragePONS wants to go long, but I'm a bit hesitant, even considering shorting it this afternoon. Just checked $PONS data: Protocol fees in the last 24 hours: $3.6 million Protocol revenue in the last 24 hours: $490,000 Overall revenue and buybacks are only one-third of the peak period. Yesterday, only 9,500 new tokens were issued, peak was 36,000 tokens, just a quarter of the peak; observing the last two days, basically only one token per hour is fully transferred from the internal market to the external market. Most importantly, and most directly, see the chart below: the revenue-to-market cap multiple has surged from just over 1x to 3.2x, while $PUMP is only at 4.3x. Although I often criticize PUMP, it has been tested many times. Maybe now PONS is starting to face its own test. Why did I ultimately hold back and not short? Going long or short is a bit like being in love: when I'm long, I have countless imaginations about her, loving her to death, feeling like she's the best in the world; but when I'm short, it feels like I no longer love her and even feel harsh. This feeling of loving and hating back and forth will torment you repeatedly. So to avoid this torment: either love her and go long; or hate her and go short. Don't love and hate alternately, because in the end, the one who gets hurt is your own fragile heart. 🚨 $BTC • $ETH｜The key window for capital rotation has arrived 🔥 ₿ $BTC: about $85.6K ♦️ $ETH: about $2.73K 📊 $ETH/BTC: about 0.0319 The market is no longer simply "BTC up, ETH up"; what really matters to watch is whether ETH can regain strength relative to BTC. 🧠 Rotation trigger conditions: ETH/BTC breaks above recent highs again and holds around 0.0325 → ETH relative strength may continue to extend. ⚠️ If the breakout fails: BTC may continue to absorb major liquidity, and ETH's relative performance will need more confirmation. 💰 Latest capital signals are also worth noting: • BTC spot ETF inflows nearly $1B in a single day, institutional funds remain clearly concentrated in BTC. • ETH ETF saw about $140M net outflow the previous week, but then about $413.8M inflow over the next two days, showing a clear recovery in capital. • On September 25, BTC+ETH quarterly options expire, with a notional value of about $18.1B, short-term volatility may increase. 🎯 Now don’t just watch the price: Breakout → see if it can hold Hold → see if ETH/BTC continues to rise Capital follows → then it looks like a real rotation Price + Relative Strength + ETF Flow > Headlines ##SoFi与万事达卡启动稳定币结算 He said this is a "bank guarantee," but the last line of the announcement states: not a deposit, not FDIC insured, not bank guaranteed. ▪️ Starting 9/22, SoFi Bank will migrate the entire $25 billion card project to SoFiUSD settlement — not a pilot, a full migration ▪️ SoFiUSD is issued by a nationally chartered bank regulated by the OCC, the first of its kind; but the coin was issued in December 2025, this time it is integrated into the card ▪️ The disclaimer is not modesty: under the GENIUS Act definition, payment stablecoins themselves "are not deposits" and it is prohibited to claim federal insurance ▪️ Mastercard processes $2.9 trillion per quarter, about $32 billion per day — SoFi's annual volume is completed in less than a day on the network ▪️ SoFiUSD circulation is about 320 million, but it moves $25 billion a year The disagreement is not about whether stablecoins can enter card settlement, but that merchants' money has changed identity: previously it was FDIC-insured deposits, now it is a bank-issued uninsured liability. "Bank guarantee" and "not a deposit" are not contradictory, but two sides of the same system — the law requires it to be stated clearly, but prohibits claiming federal insurance. Merchants' money changes from deposits to tokens; do you see this as an efficiency upgrade or a downgrade in risk level? #BTC surges to $87000, total crypto market cap returns to 3 trillion #Strategy increases holdings again, treasury adds positions simultaneously Recent bull market trade review Big picture: Only go long, never considered shorting. Follow the trend, don’t fight the market. Entry timing: Wait for BTC to pull back to key support and confirm stability, then pick targets from strong assets. No chasing highs, no early positioning, act only when signals are clear. Profit-taking approach: Watch the coin’s previous resistance zones or closely monitor BTC’s movements to decide when to exit. Don’t be greedy for the last bit, don’t try to guess the top. Key thoughts: 1. ETH and OP have strengthened this round driven by ecosystem data and institutional accumulation news. ETH’s gains are already significant but the market shows strong resilience, shallow pullbacks, quick recovery, completely different from the previous "surge then fall" pattern. OP closely follows with clear catch-up intent, worth focused tracking. 2. With the macro data window approaching, market nerves are tight—will there be a sharp sell-off to shake out weak hands? Be alert and defensive. Personally, no shorting, just wait for a rebound opportunity after a sharp drop stabilizes. 3. In a bull market, it seems holding longs eventually recovers losses. But opening positions casually without logic wastes time and opportunities even if you eventually break even. Reducing meaningless frequent trades—this is the deepest lesson learned from predecessors. Summary: Bull markets have frequent sharp drops, defend support levels well, follow BTC closely, only take logical long positions $BTC $ETH $ZEC $SNDK One sharp surge completely woke me up, showing how brutal high leverage can be When entering the market, I subjectively predicted the market would face pressure and pull back, firmly believing the upward momentum was exhausted, so I heavily shorted with the mindset of betting on a correction. Unexpectedly, a straight-line surge shattered my expectations, and the market didn’t follow my assumptions at all. Entered at 1761.7, finally reluctantly closed at 1812. The scariest thing in trading is preconceived notions. Once your mind is set on "it should fall," you deliberately look for signals that support your judgment and ignore the real strength of the bulls. High leverage is a double-edged sword; if your bet is right, the returns are exaggerated, but if the market reverses, the margin for error is almost zero, and you simply can’t withstand short-term impulsive surges. Often, it’s not that you can’t read the market, but that you lose to obsession. Even when the trend shows anomalies, you still fantasize the market will turn back and refuse to admit mistakes and exit. Subjective speculation will never beat the real power of the market. Summary of experience: This deep lesson also serves as a warning to myself—never recklessly max out leverage, and don’t fight the trend head-on. Once you realize your directional judgment is wrong, don’t hold onto hope; decisively cut losses and exit. The market will never accommodate anyone. Respect the market and control risk to survive long-term in the market.Most altcoin holders are still sitting on losses. The median coin has less than a quarter of its supply in profit. Global market tops tend to occur once a majority of supply across the entire market is deep in profit. That point is still a long way off.$BTC saw its largest single-day net inflow in 11 months, nearly $1 billion. Are institutions genuinely optimistic this time or just here to cut losses again? ​The data is clear: On September 21, the US spot Bitcoin ETF attracted $999 million in a single day, the strongest day since October 6 last year. BlackRock's IBIT alone brought in $381 million, while Ark and Fidelity combined added another $500 million. The Ethereum ETF was not far behind, with a single-day inflow of $270 million, also the largest in 11 months. ​Bitcoin surged directly to $87,300 on Monday, a new high since January. Within 24 hours, the entire network liquidated $1.06 billion, of which $844 million were short positions—short sellers got crushed. ​Why such a sudden surge? Analysts broke it down into three reasons: renewed ETF demand, short covering, and breaking key technical levels. In plain terms: institutions started buying with real money, shorts were forced to cover, and as prices rose, more people jumped in. ​What's even more interesting is that this aligns with recent calls that the "crypto winter is over." Bitwise's Chief Investment Officer just declared "crypto spring" last week, and this week ETF funds backed that claim with real money. ​But don't get carried away. Bitcoin hit $126,000 last October, dropped to $57,600 in July this year, and now stands at $87,000—still halfway up the mountain. Is this institutional move a bottom-fishing play or chasing a rally? What do you think? Let's discuss in the comments.Stablecoins are no longer just something inside exchanges; this time, even bank card settlements have started to use them. US bank SoFi announced that it has officially enabled stablecoin settlement on the Mastercard payment network. They are using their own issued SoFiUSD. What’s even more noteworthy is that this bank card business is expected to handle over $25 billion in transactions annually. But there is a point that is easy to misunderstand: This does not mean that in the future you have to buy stablecoins before swiping your bank card. Merchants can still receive US dollars in their bank accounts and do not need to hold stablecoins themselves. The change mainly happens in the background fund settlement process. Previously, many people discussed stablecoins mainly around coin prices and trading. Now financial institutions are using them for actual payment services. Compared to daily discussions about which coin will rise, I think this kind of real-world application is more worth long-term observation. If more and more banks adopt similar technology in the future, stablecoins may gradually integrate into ordinary people’s daily lives. #Stablecoin #SoFiUSD #Blockchain #FinTechThe first time I heard about virtual currency was when a colleague casually mentioned it in the break room. He said someone even paid off their mortgage with it. I was skeptical at first, but I secretly downloaded an app when I got home. It took me forever to register, and I couldn’t get the verification code, which made me want to throw my phone. My hands were shaking the first time I deposited money, and I only dared to put in a little. I bought $BTC and then just stared at the price chart. When it went up a bit, I smiled; when it dropped a bit, I cursed—it felt like I was going crazy. Later, I heard that there were more things to do on $ETH, so I tried that too. But transferring funds took forever, and the fees were ridiculously high. During that time, I joined several groups and watched people shout “buy” every day. Whenever they shouted, I got itchy hands, afraid of missing a chance to get rich. Once I did make a profit but didn’t dare to sell, wanting to wait a bit longer. The next day, all the profit was gone, and I even lost a little. Another time, the drop was unbearable, and just when I cut losses, it slowly climbed back up. That feeling made me want to throw my phone away. After messing around for a while, I realized the hardest part in this field is controlling yourself. Now I only play with spare money, don’t borrow, and never go all in. I don’t believe in guaranteed profits; if someone tells me that, I block them immediately. I sleep when I should at night; the market won’t pity me just because I stay up late. Don’t get cocky when you win, don’t get obsessed when you lose; surviving is already good enough. This is probably the most genuine feeling I’ve had over the past few years. #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 #美联储官员密集发声，加息还要持续多久？ 【5000 U Challenge 10000 U｜Dual Currency Earnings Live Trading Diary】 Day 8 Starting Capital: 5000U Current Capital: 5095.73U Cumulative Profit: +95.73U (+1.91%) Today's Profit: +1.42U (+0.02%) Market Review 📝 The market remains in a high-level oscillation pattern. After BTC surged, it entered a digestion phase, with mainstream coins tugging back and forth between bulls and bears. Today's account fluctuated slightly, with unrealized losses mainly from the spot position $xSOXS (3x short semiconductor). Although there is an unrealized loss on the books, I am not anxious. On one hand, my holding cost is low enough; on the other hand, this position accounts for only 5% of total assets, a small position for speculation, fully within my risk tolerance. I will continue to observe and not rush to act. Key time nodes are approaching this week. A large number of options expire on Friday. Considering the current market price, the existing dual currency earnings orders are expected to safely earn interest. Capital Allocation Record 📊 - xSOXS spot: continue holding and observing, current cost price 36 USD, no increase or decrease in position - Placed single and dual currency earnings orders: partial positions, waiting quietly for Friday's options expiration to earn interest - Remaining 30% of funds remain in cash, no rush to enter the market for speculation. Market Observation 💡 The semiconductor sector has recently surged strongly, with $SOXL and $SNDK continuing to rise, putting pressure on the short side xSOXS. I know ETFs are highly volatile, so I am currently using small positions to test and strictly follow the barbell strategy, never betting the bulk of funds on a single direction. The market is now at a high level, many coins' technical indicators have entered overbought zones, making chasing highs cost-ineffective. I keep cash on hand and patiently wait for clearer signals from the market. I will act when a suitable opportunity arises; if not, I will continue to observe. Trading Insights ✨ Position control is the foundation of mindset confidence. As long as individual positions are controllable, short-term unrealized losses will not disrupt the overall rhythm. Not being swayed by short-term market fluctuations, keeping cash reserves, and holding the initiative in my own hands. The biggest difference between spot and futures is that I never fear liquidation. Holding spot means even if it drops to 10 dollars, I am not afraid. But with futures, I do fear flash crashes and direct liquidation. So sometimes I think, although the dual currency earnings strategy earns slower, the risk is controllable. Slow is fast; the road is long and arduous, but walking it will get you there. I have been in the crypto space for over a year. In this year, I have seen many people's ups and downs, greed, anger, ignorance, arrogance, resentment, and evil. This is a very real world. Ultimately, I found a path that allows me to slowly iterate myself. I wish to encourage everyone. #BTC冲高$87000，加密总市值重返3万亿 #纳斯达克指数连续两日创历史新高 #Strategy再度增持，财库同步加仓 After losing 3 trades in a row, are you thinking of going all in to recover? That's exactly what I used to do, and I ended up losing 200,000 U. Later I realized: recovering losses isn't about one big bet, it's about small positions + high win rate slowly grinding it out. $BTC is currently at 85439.8, resistance at 86000, support at 85238. I'm using a 5000U small position to go long near the support level, with a stop loss at 85100 and a target at 86000. Risk-reward ratio is 2:1, losing 500 if wrong, gaining 1000 if right. Stop after 2 consecutive losses, no more trades that day. On the road to recovery, staying alive is more important than making money. In short: small positions, high frequency, accumulate little by little, never hold losing trades without stop loss. $ #BTC冲高$87000，加密总市值重返3万亿 Since August 18th until now, $BTC has risen by 20,000 USD, and market sentiment has shifted 70% towards bullish thinking. Honestly, I am also expecting a new bull market, but I always feel something is off. I'm not into conspiracy theories; as a trader, what I can do is respond—watch the levels during pullbacks, and at those levels, observe the strength of support. A bull market is not just a single wave breaking previous highs. I don't agree with the idea that AI funds are flowing back into crypto. As for the claim that there is no bull market due to the interest rate cycle and market liquidity shortage, that's nonsense. A bull market indeed needs a main theme to hype, and the rally also requires retail investors to follow. Currently, the clear main theme is crypto stocks, but the audience is limited to a few small coins, which cannot sustain an altcoin bull market. So this round, still focus on $BTC $ETH #BTC冲高$87000, with the total crypto market cap returning to 3 trillion. See, I told you. But when that number actually popped up on my phone screen, it wasn’t as satisfying as I imagined. Last night in my rental, the air conditioner outside was humming, and I stared at the 15-minute candlesticks, one after another. 1908 dropped, bounced, dropped again, bounced again, each time getting pushed back by EMA20. After I entered a short at 1887.5, my unrealized profit turned red from green and back again, going through ups and downs. At that moment, a thought flashed through my mind: maybe I should just take the profit, a few dozen U is still money, and I haven’t settled this month’s rent yet. But I didn’t close the position. Because I remembered something—the CEO cashed out 53 million at 1574, while the market was still at 1888. Insiders know better than anyone how much this company is really worth. What am I betting on? I’m betting that retail investors understand SanDisk better than the CEO. This kind of absurdity happens in the market every few months. Today, when I checked my account again, the unrealized profit was +6.59%, not much, but enough for me to catch my breath. I don’t guess the bottom, I just follow the signals. Institutions are bullish, insiders are running, the storage sector is in a stampede, and interest rate hikes are looming. With these four signals resonating, I have no reason to panic. $BTC $ETH $ZEC #财报观察员：好市多Q4财报即将公布 Restart successful, but my account didn't succeed The chain stopped and then restarted, blocks are still being produced, but my position is still stuck. The situation is clear: validators restarted as planned, block production resumed, and officials say everything is running normally. One question: what does "as planned" mean? Does the plan account for someone like me who entered halfway through? I guess most likely the upgrade got stuck and was forced to roll back; the restart just put the lid back on the pot. The chain can restart, but my principal cannot. The positions of those under five guarantees are still hanging there, waiting for the next plan. #BTC冲高$87000，加密总市值重返3万亿 $ETH The market should already be largely aware of the positive outcomes that the China-US talks can achieve. For example, Trump personally going to the airport to welcome the delegation sharply contrasts with the recent visits of Japan's Sanae Takaichi and the Iranian president to the US, which is also a key focus of media hype. After all, the dynamics of who is seeking whom remain quite clear. Currently, the market's expectations for the results of the China-US summit are: 1. Extending the Busan armistice by one year to ensure the continued suspension of rare earth controls and maintain an effective tariff cap of about 20% 2. Gradual progress in the trade committee 3. Expansion of AI dialogue, but relaxation of chip and other technology controls may be unrealistic 4. Signing large orders for Boeing aircraft, soybeans, and other agricultural products 5. Assisting the US in urging Iran to negotiate and easing control over the Strait of Hormuz The best final outcome is probably achieving headline results that exceed expectations rather than substantive results that do, but even so, this cannot simply be equated with the upside being exhausted. The real signal of fulfillment will come after the results are released, when the market decides whether it is willing to pay a higher premium for these outcomes.The US-Iran talks lasted 3 hours, oil prices fell first: the market is not really waiting for a “handshake,” but to see how the Strait of Hormuz reacts On September 22, the US and Iran held nearly 3 hours of contact, and the market quickly traded on “easing expectations,” with crude oil prices leading the decline. But the key issue is not whether talks happened, but whether there are substantive actions affecting the Strait of Hormuz. Currently, the market is trading in three stages: Stage one: expectation trading. As long as the market believes supply risks have decreased, the geopolitical premium in oil prices will be given back in advance. Stage two: verification trading. Subsequent progress such as the resumption of navigation and lifting of blockades needs to be seen, rather than just diplomatic statements. Iran’s proposal to lift the maritime blockade and release frozen assets indicates that there is still negotiation before a real agreement is reached. Stage three: asset revaluation. If the Strait of Hormuz returns to normal, oil prices may continue to face pressure, inflation expectations cool down, Federal Reserve pressure eases, and risk assets may enter a new pricing range. BTC is currently near $86,000 and has not shown obvious selling pressure due to the talks, indicating that funds are temporarily more focused on liquidity and the macro environment rather than a single geopolitical message. So the core of this 3-hour talk is not “peace has come.” What truly determines the market direction is the next news: Whether the Strait of Hormuz really becomes fluid again. $BTC #美伊3小时会谈释放积极信号？ Unexpectedly, with BTC fluctuating, this wave of altcoin differentiation has brought the old story of $BCH back. 1. It's an old story, but the technology is quite solid: forked from BTC in 2017, 32MB large blocks, fees below 1 cent, ABLA dynamic block expansion, CashTokens native tokens, 4 independent nodes — the purest L1 with full payment attributes. 96% mined (20M/21M), zero unlocking pressure, harder than inflationary altcoins. So this wave caught the opportunity. 2. Progress on adoption: Malaysia recognizes it as compliant with Islamic law, and over 20 payment channels including BitPay have integrated it. But user growth is only 5% monthly, and the Layla upgrade is delayed until May next year, so no catalysts in the mid-term. 3. Whale holdings are concentrated: only 38,000 holders are waiting for ETF approval, extremely concentrated. Grayscale only submitted the S-3/A to the SEC on the 16th to convert the BCHG trust to an ETF. BCH is the only institutional-grade altcoin; the story will improve a lot after approval, but now it’s stalled in expectations. My judgment: 316 is the 200-day EMA ceiling; it’s not strong until it breaks through. BCH is high beta; if $BTC falls 2%, it can fall 12%. Don’t overweight during the rate hike cycle; wait for substantial ETF progress before going up.BTC pulled back after surging to 87300: After a short squeeze, the market is choosing a new direction On Monday, BTC once surged near 87300, then quickly retraced to 85100 before rebounding, currently still oscillating at a high level. On the surface, it looks like a strong breakout, but in reality, the market is testing the bulls' ability to hold. Recently, BTC price volatility has significantly increased; such phases often accompany rapid rallies and pullbacks. The core driving force behind this rise comes partly from ETF capital inflows and partly from concentrated short covering. But it is important to note: when a large number of shorts exit and long positions increase rapidly, the market is prone to enter a "buying exhaustion" phase in the short term. From a technical perspective, there is still a lack of sustained volume breakout above 87300. If capital cannot continue to follow through, profit-taking pressure may form at the high level. Tonight, focus on the US PMI data. If economic data continues to be strong, the market may reprice interest rate pressure, and BTC could retrace to 85100 or even the 83000 area; if data weakens and risk appetite recovers, there is a chance to challenge the 87500 resistance again. The current market is not incapable of rising, but the cost-effectiveness of chasing longs is declining. True strength is not about hitting a new high once, but about having capital support after a pullback. $BTC #BTC冲高$87000，加密总市值重返3万亿 Behind the rebound of BTC, ETH, and SOL: Are the bears exiting, or is a new rally starting? The crypto market has recently completed a rapid recovery, but what really needs caution is not the rebound itself, but whether the market mistakes a "short covering" for a trend reversal. BTC has reclaimed the key moving average zone, with short-term structure clearly improving. The $83,000-$86,000 area has shifted from a previous resistance zone to an important support band. If capital continues to flow back, attention should be on the $88,000-$90,000 range above; but if it falls below $83,000, there is still a need to guard against retesting lower support. The recent warming of ETF funds has also become an important driver for price recovery. ETH is performing relatively stronger, with market funds beginning to focus on ecosystem and institutional allocation logic. Technically, $2,700 is a key short-term dividing line; holding above it could lead to further challenges in the $2,800-$3,000 range; losing it may lead to a phase of consolidation. SOL behaves more like a high-beta asset, with the greatest elasticity but also faster leverage heating. During the uptrend, capital chasing will amplify gains but also amplify drawdowns. The current core market logic has shifted from "panic selling" to "capital reselecting direction." BTC is responsible for liquidity, ETH verifies market confidence, and SOL represents risk appetite. What really needs to be guarded against is overheated chasing sentiment after the rise. The rebound is not the end; confirming sustained capital inflow is the key to the next phase of the market. $BTC #BTC冲高$87000，加密总市值重返3万亿 If you have FOMO (fear of missing out), instead of buying in directly, it's better to buy low first. Don't underestimate the low-buy arbitrage opportunities during volatile market conditions. Since the beginning of the year, the price dropped from nearly 100,000, and by using the strategy of buying low and selling high repeatedly during fluctuations, achieving over 10% profit on total capital is actually not difficult. In recent years, if you've only been riding the roller coaster back and forth without action, you might not outperform cash management plus swing trading and arbitrage. So the key is everyone's judgment about future potential. If you truly believe there is still a huge dividend period ahead, with gains so large that they are unimaginable now, then there's no need to get off easily, and even getting on now might not be too late. But if you don't see that level of potential, there's no need to force yourself to hold long-term. Holding, buying low, swing trading, arbitrage, waiting—essentially, these are just different methods used at different stages. The market has never mandated that making money requires being fully invested throughout the entire cycle. Within your own judgment system, just find the way that suits you.
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