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This wave of decline is not so much about how much it fell, but about how it brutally cleared out the high-leverage long positions in the market. According to yesterday's data, about 110,000 to 120,000 people across the network were liquidated, with liquidation amounts close to $700 million, of which over $640 million were long positions. $BTC and $ETH are the main affected assets, and $SOL also saw significant long liquidations.
Personally, I see this more as a concentrated deleveraging rather than a pure trend reversal. $BTC was pressured from around $85,000 down to about $82,000, compounded by rising US Treasury yields, a stronger dollar, and oil prices $BZ breaking through $103, putting overall risk assets under pressure.
The key now is to watch the $83,000 level. If it can hold here, it means a large number of longs were cleared yesterday, and the market might have a chance to enter a consolidation and recovery phase; but if $83,000 is effectively broken, I would be cautious of a further retest near $80,000. Only by reclaiming $85,000–$86,000 on the upside can the short-term weakness be truly reversed.
So for now, let's see if the support can hold. After this round of liquidations, market leverage has clearly cooled down, and what’s more worth watching next is whether new funds will re-enter. #9月FOMC纪要公布，多数官员倾向再加息 #ETF仍在流入，BTC为何下跌？ GRIFFAIN is currently around 0.016787, with the daily chart still suppressed by EMA20 and EMA50, the bearish trend remains unchanged. RSI oversold conditions may bring a short-term rebound, but the 0.0179 level above is a dense liquidation zone for long positions; a rally there is likely to trigger a chain of stop-losses, making that rebound a heavy selling pressure point.
Just finished sending an order for an office building, sitting by the electric bike watching the market. I’m not chasing longs; buying at this level is like catching a falling knife.
Entry range is set between 0.0176 and 0.0179, short in batches near the upper edge of the liquidation pressure, with a stop loss at 0.0184. If it stabilizes above 0.0180, it means the pressure has failed.
Take profit targets are 0.0154 for the first and 0.0141 for the second, which aligns with the upper edge of the lower short support zone.
Chasing shorts at the current price is not cost-effective; wait for a rebound to enter. The risk-reward ratio can approach 3:1, making it worth the wait.
$GRIFFAIN
#Solana代币化股票9月交易量突破44亿美元
@OKX星球 Hello brothers and sisters, I am Coin Brother.
Brothers, the most interesting part is coming.
Strategy is MSTR, still buying BTC this week, but the stock price keeps falling, and BTC also keeps falling.
I believe Strategy used to be the "buy and never sell" flag bearer of faith.
Now it is still buying, but the market is not buying it anymore. This shows that corporate buying support for short-term prices is getting weaker.
I think Strategy previously sold 32 BTC to pay dividends, which set a bad precedent. Although it continues to buy now, the market is starting to doubt whether its cash flow can hold up.
I believe faith is faith, but price depends on capital driving it. Without incremental funds, relying solely on Strategy's buying cannot push BTC.
#9月FOMC纪要公布，多数官员倾向再加息 #ETF仍在流入，BTC为何下跌？ #跟着OKX打卡2049 $BTC $ETH $ZEC It's already over, there's no sign of relief for the long positions on ETH, now I can only short, not go long, the bulls are just cannon fodder.
I was deceived this morning, I thought ETH would have a brief pullback, so I took a small long position, but unexpectedly, it dropped right after I entered.
Now there's no way out, I can only hope ETH shows some mercy and rises again, giving me a chance to get out of this.
#9月FOMC纪要公布，多数官员倾向再加息
#ETF仍在流入，BTC为何下跌？
$ETH
$ETH $ETH 🌊 Leverage retreat, the crypto market faces a "liquidity drain" moment
Macro winds turn cold: Middle East tensions tighten, oil prices remain high, long-term US Treasury yields climb again, and funds accelerate withdrawal from risk assets. $BTC falls below 84000, down over 2% intraday; about $550 million to $600 million in leveraged positions liquidated within 24 hours, crowded long trades are unraveling. 🧊
$ETH dips near 2560, down over 3% intraday. Besides macro headwinds, validator exit queues swell, a large amount of staked ETH awaits unlocking, raising concerns over potential selling pressure.
$ZEC, however, rises nearly 3% against the trend, recovering to 1330–1340. The NU7 upgrade shortens block times, and institutions like Grayscale focus on the privacy sector, providing support. ✨
$SOL drops about 1.5%, hovering near 118, with resistance at 122. MACD momentum bars return to zero, halting the rise; retail and whale longs hold a high proportion, active buy-sell ratio is low, crowded structure easily triggers stop-loss sweeps or shakeouts. ⚠️
In the deleveraging phase, cash and risk control take priority; don’t let leverage decide the market. 📉
#9月FOMC纪要公布，多数官员倾向再加息
#ETF仍在流入，BTC为何下跌？
#交易之声：你的经验值得被听到 Volume Pullback! BTC/ETH/OKB All Retreating, How to Defend the Support Battle?
1. Market Status: Volume Weakens, Support Under Test
① BTC saw a volume-driven pullback yesterday, bottoming at $82,800, with the high-level consolidation pattern weakening. $83,000 is the short-term dividing line: holding it could lead to a rebound testing $85,000; a decisive break below points to around $80,000.
② ETH dropped deeper, falling from $2,700 down to about $2,540. $2,550 is the key support; reclaiming $2,650 would ease downward pressure, otherwise it may seek support near $2,500.
③ OKB surged sharply then fluctuated violently, with a high of $139.86 and a low of $128.20, showing clear selling pressure at highs. $130 is the short-term defense level; above looks toward $140, breaking below risks further retesting.
2. Capital Battle: Strong Caution, Awaiting Guidance
① The #9月FOMC纪要公布，多数官员倾向再加息 meeting minutes are imminent, and whether rate hikes continue is influencing risk appetite.
② Funds are hesitant to bottom-fish recklessly; major players are testing support strength, so short-term volatility may continue to expand.
3. Trading Strategy: Do Not Chase Rebounds, Wait for Confirmation
① All three are currently in correction; focus on whether support can stop the decline rather than rushing to bottom-fish.
$BTC $ETH $OKB
#9月FOMC纪要公布，多数官员倾向再加息 A rebound of a few points, but don't rush to say it's back up yet 🙀
$INJ dropped about 6.8% in 24 hours, but basically stayed flat this week. This recent pullback has almost erased the gains made during the week.
Here's a calculation that's easy to get wrong: after a 6.8% drop, the price needs to rise about 7.3% from the lower level to get back to where it was before the drop.
So even if it rebounds three or four points later, it only recovers part of the loss and can't be immediately considered a trend reversal.
I'm more focused on the speed of its recovery. If it struggles to bounce back and falls back after a slight pullback, short-term expectations need to be adjusted. Wait for performance to improve; don't assume an opportunity just because it dropped quickly.
$WLD fell about 5.5% today, but still rose about 6.3% over the week, so the recent gains are still holding.
This makes me hesitant to be overly bearish for now, but holding it means accepting its volatility.
If a single day's drop makes you uneasy, it probably means your position size exceeds your risk tolerance. If you are optimistic, you can continue researching; there's no need to change your judgment with every price movement.
#OKX以250亿美元估值完成战略融资
$OKB rose about 8.5% this week and about 16% this month. After this pullback, its performance over the period is still good.
I think what it needs to verify now is how long these gains can last.
If it can continue to rise after the correction, the case for holding it becomes stronger; if it keeps retreating, you have to admit the original expectations need to be revised. Strength and weakness will change, and judgments must be updated accordingly.
#OKXNOW：开启全天候市场新时代 $UNI has entered the oversold zone; a rebound and a bottom are two different things.
$UNI is down 3.33% in 24 hours, currently priced at 7.792. The 1-hour and 4-hour RSI are 50 and 16 respectively. Oversold conditions can trigger rebound demand, but a rebound only indicates a sharp drop; a bottom requires the price to stop breaking the structure.
The opposing view also has clear invalidation lines. Breaking below the 1-hour support at 7.687 indicates that short-term support has not been validated; if the 4-hour support at 7.687 continues to be broken, the previous strong or recovery judgment must be rewritten. You can hold your view, but you cannot pretend not to see when the evidence changes.
This analysis will be reviewed based on two conditions, not just by retrospectively screenshotting when the result is correct: whether the price first handles 8.029, and whether 7.687 can hold during the pullback. The former answers if there is relay above, the latter answers if the support is genuine. The next update will only check if these conditions are met, without inventing new stories to replace old judgments.
Think of this market movement as equipment acceptance testing: running without load is not completion; stability under boundary conditions gives weight to the conclusion. Write your views as conditions so you know where you were wrong if you are. Which signal would you rather wait for to judge: oversold enough to change the rhythm, or must you wait for the structure to stop making new lows? The market is volatile; the above is only market observation and does not constitute investment advice. This is from Coin Circle NiuNiu.Hello brothers and sisters, I am Coin Brother.
Brothers, the US Treasury yield is still rising, with the 30-year hitting 5.7%.
What does this number mean? A risk-free yield of 5.7%, who would still buy BTC?
I believe the US Treasury yield is BTC's nemesis. When yields are high, funds withdraw from risk assets to buy government bonds. BTC fell from 87,000 to 82,000, in sync with the surge in yields.
I think only when the US Treasury yield falls can BTC truly rise. If yields don't drop, every rebound is an escape opportunity.
I believe the CPI data on October 14 will determine the direction of yields. If CPI is low, yields fall, and BTC rebounds. If CPI is high, yields continue to rise, and BTC keeps falling.
#9月FOMC纪要公布，多数官员倾向再加息 #ETF仍在流入，BTC为何下跌？ #跟着OKX打卡2049 $BTC $ETH $ZEC $ZEC looks interesting around 1111—but I’m waiting, not chasing.
The drop from 1698 has already flushed a lot of leverage, while 1111 sits near a major technical support zone. Add institutional interest and the upcoming NU7 upgrade, and the long-term setup still looks compelling.
But patience is the trade: if 1111 never comes, I don’t chase. Let the market come to me. 🎯#OKXToken2049CheckIn #GlobalBondYieldShock #USCryptoRulesMoveAhead October 8 · $ETH: In one night, it dropped harder than anyone else
OKX ETH is currently around $2,567, down nearly 5% in 24 hours, dipping to 2,560 at one point. Over 120,000 people were liquidated across the market, with liquidation amounts exceeding $700 million—ETH fell even more sharply than BTC.
There are two triggers:
First, the minutes. The Federal Reserve's September minutes clearly stated that most participants believe another rate hike before the end of the year is appropriate. The 10-year US Treasury yield surged to 5.364% intraday, the highest since 2002. With such high risk-free returns, non-yielding assets get cut first.
Second, the Middle East. Iran announced the closure of the "illegal passage" in the Strait of Hormuz, and Brent crude oil hit $100—energy inflation makes rate hike expectations harder to ease.
More painfully, the ETH/BTC exchange rate has fallen below the Ichimoku cloud, with the next support at 0.03059. ETH is not moving in tandem with BTC; it is weaker than BTC.
Also, a whale named pinosaur.eth liquidated 9,618 ETH held for 9 years, bought at $50 in 2017, exiting with a 65x gain.
Don't bottom-fish on days like this; first, see if BTC can hold 83,000.
$BTC $ZEC
#9月FOMC纪要公布，多数官员倾向再加息 #ETF仍在流入，BTC为何下跌？ #跟着OKX打卡2049 Ridiculous. I lost hundreds or thousands before without even blinking. Today, OKX sent me a 100 salary, and I actually want to thank them
I'll keep it in the account. I haven't adjusted my mindset yet
I used to watch the market every moment, but now I might only check the market 2-3 times a day. $ZEC is already at 1200. I don't know if it will drop to 1000, but I hope it does. $BTC at 83000, breaking below 80000 is just a matter of time. Can everyone really imagine 100,000? Will it really come?Hello brothers and sisters, I am Coin Brother.
Brothers, fighting has broken out again in the Middle East. Brent crude oil surged directly to $104, rising 4% in a single day.
I believe the rise in oil prices is a fatal blow to BTC. High oil prices → high inflation → the Federal Reserve does not cut rates → high interest rates last longer → risk assets fall. This transmission chain is very clear.
I think the market previously thought the rate hike cycle was over, but with the Middle East causing trouble, oil prices went up again, and inflation expectations have been revived. The probability of a rate hike in December has risen again.
I think we should keep an eye on oil prices. If oil prices do not break 110, BTC still has a chance to rebound. If oil prices break 110, BTC will have to fall further.
#9月FOMC纪要公布，多数官员倾向再加息 #ETF仍在流入，BTC为何下跌？ #跟着OKX打卡2049 $BTC $ETH $ZEC After the bloodbath, I’m too lazy to guess the bottom
Last night I watched the market until 3 a.m. The chat group went from dead silence to wailing, then some started shouting “buy the dip.” The mood shifted faster than candlesticks.
$BTC surged to 87,000 but was hammered back for the fourth time, bottoming near 82,700, now barely hanging around 83,000. $ETH fared worse, dropping straight to 2550, with $SOL leading the crash, 115 on the brink. Screenshots of long liquidations flooded everywhere. “The news hasn’t landed yet, but leverage is already being liquidated” — this is so true, but today I want to talk about something different.
Let’s put emotions aside and look at the capital flow.
1. The hawkish minutes are just the fuse; the real bomb is buried in U.S. Treasuries
The FOMC minutes are out: 19 officials unanimously support a September rate hike, and most expect another before year-end. Interestingly, the market’s pricing for an October hike has dropped below 20%, while December hike expectations remain around 60%. What does this mean? The market isn’t afraid of October hikes; it’s pricing in December early.
But that’s not the deadliest part. The 10-year U.S. Treasury yield spiked to 5.364%, a high since 2002, and the 30-year hit 5.732%. Meanwhile, global bond markets faced massive sell-offs, pushing borrowing costs in major economies like the U.S., Europe, and Japan to multi-decade highs.
The dollar index rose above 102, solidifying a short-term bullish trend. Strong dollar, high Treasury yields, and rising oil prices due to geopolitical factors — this combo punch makes it no surprise that risk assets are falling. The crypto market just took the hardest hit because it’s the most leveraged.
So this drop isn’t so much scared by the Fed minutes as it is forced repricing by the Treasury market pushing all risk assets to reevaluate. Crypto is just the first domino to fall.
2. The fractured capital flow is the key signal
There’s a popular saying: ETFs are still seeing inflows, so no need to worry.
That’s half true.
Bitcoin spot ETFs are indeed still attracting money. On October 6 alone, net inflows were $118.8 million, with $321.4 million since the start of the month, and over $1.25 billion year-to-date. BlackRock’s IBIT increased its Bitcoin holdings by about $157 million in the past month, now holding over 800,000 $BTC worth $67.8 billion.
But on the other side, Ethereum spot ETFs have seen net outflows for seven consecutive days, with $161 million outflow yesterday alone; BlackRock’s ETHA lost $116 million. $SOL spot ETFs also had three straight days of net outflows, with fund flows clearly weaker than $XRP.
What does this mean? Institutions aren’t bearish on crypto; they’re doing structural rebalancing — withdrawing from high-beta altcoin ETFs and concentrating on $BTC. Bitcoin has the “digital gold” narrative as a safety net; $ETH and $SOL don’t have that luxury. If Bitcoin is unstable, they can’t rally independently.
Looking deeper, on-chain data tells a story too. In the past three weeks, whale addresses have accumulated 86,702 $BTC, but exchanges saw a single-day net outflow of 24,073 $BTC, the largest in seven months. Whales are buying, retail is selling; chips are shifting from weak hands to strong hands. This classic shakeout pattern doesn’t mean I’m confidently calling “the start of a bull.”
3. My judgment: Don’t rush to take sides, watch two key levels
In every market like this, there are always two voices: one shouting “bullish shakeout, get in,” the other “trend reversal, run.”
My view is clear: both sides have valid points, but both are gambling.
There are bullish reasons — Bitwise and MetaMask CEOs publicly stated “the crypto winter is over.” Arthur Hayes also claims the U.S. might print money to support AI and Treasury financing, eventually boosting crypto assets. These logics hold long-term.
But don’t forget a fact: since September 21, $BTC has tried and failed four times to break 87,570, each time retreating. A resistance line tested repeatedly but not broken is the most honest signal — heavy selling pressure above.
The current 82,000-83,000 range isn’t just a “support level,” it’s the last dignity of bulls and bears. Hold it, and the price can continue to oscillate between 82,000 and 87,000; break it, and the psychological 80,000 level is close, with 73,000-74,000 not impossible. $ETH correlates to 2550, $SOL to 114-115; if these levels fail, altcoins will fall much harder than $BTC.
Glassnode data also reminds us to stay sober: although BTC’s “realized market mean” support forms at $77,200, spot and ETF daily volumes are only about $6.4 billion, near lows since ETF listings. A rebound without volume support isn’t a rebound, it’s a bull trap.
4. What am I doing?
Honestly, the worst thing in this market is “guessing the bottom.”
You guess 82,000 is the bottom, it drops to 80,000; you guess 80,000 is the iron bottom, it needles down to 78,000. Those liquidated aren’t the ones who guessed wrong direction, but those who over-leveraged.
My strategy is simple: keep position under 30%, wait for clear signs of a bottom in the 82,000-83,000 range — a volume surge bullish candle, a long lower shadow, or a daily close above 83,000 — then consider adding. Until then, watch more, trade less. Same for $ETH and $SOL; if Bitcoin is unstable, don’t expect altcoins to rally independently.
As for “bullish shakeout” or “trend reversal,” my answer is: it’s too early to say. The Fed minutes just dropped, market sentiment needs time to digest. Instead of betting on a direction now, wait for next week’s price to give the answer. Controlling position size and waiting for support confirmation is much more practical than guessing the bottom.
$BTC $ETH $SOL
#本周美联储将公布9月会议纪要 #现货ETF资金分化，BTC卖压仍在 #CLARITY法案9月15日闯关，60票成关键 BTC Market Take
Is $BTC already close to a reversal?
From the chart, BTC has formed a clear “M top” at a high level, which is indeed bearish in the short term. But interestingly, I am actually adding positions against the trend.
Jiang Zhuoer, founder of the Litecoin mining pool, previously stated that he repurchased about 75% of his Bitcoin around $83,000. It’s worth noting that when a veteran player of this caliber chooses to buy heavily, they may indeed be capturing some market signals.
Back to the technicals, although the M top has formed, I never rely solely on technical patterns to decide whether to go long or short. A big bullish or bearish candle can directly break the original technical structure.
Compared to patterns, I pay more attention to truly large buy and sell orders and the market fundamentals.
My judgment is: after BTC breaks below $83,000, the support buying below may gradually become stronger than the selling pressure.
Additionally, spot ETFs have recently seen net inflows again, and off-exchange funds have been watching BTC closely.
So, as long as the price continues to dip, it may actually provide these funds with better opportunities to accumulate at lower levels.
The most interesting part of the market is here—when everyone is afraid of a decline, perhaps the real opportunity is slowly emerging.
#SepFOMCMinutesHikeWatch
#BTCETFFlowParadox
#OKXToken2049CheckIn The Middle East conflict escalates, oil prices surge past $100, yet gold crashes first.
According to traditional logic, war escalation, rising oil prices, and increased risk aversion should benefit gold.
But this time, the market followed a different logic.
Oil prices breaking $100 triggered inflation fears, causing the market to lower expectations for a Federal Reserve rate cut, and the 10-year U.S. Treasury yield rose accordingly.
Thus, gold faced a very practical problem:
It does not yield interest.
When cash and U.S. Treasuries can offer increasingly certain returns, holding gold means giving up that interest.
Therefore, "safe-haven assets" are never an absolute attribute.
Capital truly compares principal safety, liquidity, yield, and opportunity cost.
This is why oil prices and gold diverged this time—capital is not seeking a "safe-haven" label but the most cost-effective choice under current conditions.
When cash itself can provide a decent return, any non-yielding asset must answer: why should capital forgo that certain interest?$ETH's ETF data looks pretty rough — yesterday it saw a net outflow of $161 million, pulling money out for seven consecutive days. BlackRock alone withdrew over $100 million. Interestingly, during the same period, Bitcoin's ETF was still seeing inflows.
This doesn't mean crypto as a whole is being abandoned; institutions are voting with their feet, selectively investing. ETH is indeed weak this round, down over five points in seven days, now at 2567, hovering near the 7-day low.
My view is simple: don't rush to buy before the data settles; betting on data has never yielded good results. If you really want to act, wait for it to find its own footing before making a move—don't try to be a hero halfway up the mountain. $ETH 盯着盘面那一下，我心跳还是漏了半拍，BTC 破 85K 之后，整个盘面像被抽走了一点底气。 这波到底是洗盘，还是趋势在悄悄转弱？ 先说事实。BTC 现在在 83.3K 附近，85K 从支撑变成压力，83K 是眼下最关键的防线。ETH 跌穿 2.6K，报 2.58K，卖家还在主动出手。SOL 也回到 116 附近，115 到 116 这个区间值得盯紧。三个主流同步走弱，这不是某一个币的独立故事，而是风险偏好整体在收。 我更在意的是板块强弱的排序。这轮回落里，BTC 相对抗跌，ETH 跟跌但没崩，SOL 弹性最大、回撤也最明显。这其实在告诉我们，资金没有离场，只是在往确定性更高的地方缩。山寨和公链叙事暂时被放在一边，市场在交易的是防守，而不是进攻。 看多的一面是，83K、2.50K、115 这三个位置都还没被有效击穿，属于多头可以组织反击的地带。如果这里出现缩量止跌，情绪很容易修复，超跌反弹的第一波通常由 SOL 这种高 beta 品种带头。看空的一面是，85K 和 2.70K 已经变成头顶的盖子，反弹如果冲不上去，就只是给下跌续力。更隐蔽的风险是，市场可能已经把降息和宽松预期提前计价了，Closing first on the number of BTC near $82,700, down about 1.8% for the day, with an intraday range roughly from $82,300 to $84,300. ETH is hovering around 2,500+. (The above is the public quote on October 8, subject to real-time updates.) Yesterday, spot ETF net outflows reached $487 million, the harshest day in recent weeks. The day before, more than $500 million in long positions were liquidated, with 80% being longs. Today's drop is quite straightforward: conflicts flared up again in the Middle East, Brent crude oil surged above $101, and the 10-year US Treasury yield is holding at 5.3%. Risk assets are being drained, compounded by tonight's Fed minutes, so funds are simply taking cover. This isn't anyone dumping the market; it's the macro environment making people want to hold their wallets tight. By the way, a cold market fact: token2049's opening saw coin prices weaken, which has become a joke in the circle—prices fall whenever there's a conference. You might think it's a coincidence, but it's understandable. Big players reduce their positions before flying to meetings, cashing out for safety. Like my ex, who always worked overtime on anniversaries—not because she forgot, but because she selectively showed up. Another side signal: Pudgy Penguins' parent company announced shutting down its own L2, losing tens of millions of dollars over two years. No token issuance, no exploiting investors, exiting gracefully. When bubbles burst, those willing to admit losses and leave are much rarer than those stubbornly issuing tokens to survive. Like breakups, people who can say goodbye properly are always few. Outlook for tomorrow: tonight's minutes are the biggest variable. If they're a bit hawkish, the market will still grind; if dovish, there will be confidence for a rebound. Key level to watch is around $82,600 EJeff Yan, co-founder of Hyperliquid Labs, has changed his mind.
On October 7 at DAS Asia 2026, he said that a year ago he was unsure whether options traders would eventually shift to perpetuals, but now he believes the answer is no.
He even said that if he were to develop a product today, he would study options.
This is actually due to changes in the user structure.
Perpetual contracts are a product native to crypto: simple, highly leveraged, and suitable for intraday trading.
Options are much more complex, but pricing, volatility, hedging, and risk exposure are precisely the language that professional traders and institutions are more familiar with.
What’s even more interesting is that the person saying this comes from Hyperliquid—a team that has created a leading product based on perpetual contracts.
So this doesn’t necessarily mean "options will replace perpetuals," but rather that the market is beginning to show new demands:
Shifting gradually from simply betting on direction to managing risk.
When those best at perpetuals start to re-examine options, what’s worth paying attention to might not be higher leverage, but more refined trading tools. $SOL has been trading for three days, with the main battlefield consistently between 120 and 121. Within just this one dollar range, the transaction volume reached 190 million dollars, accounting for 31.6% of the three-day total. The price has now retreated to around 115.
The turnover on the battlefield is real and intense, with nearly one-third of the funds moving in and out there, yet the price has drifted below the battlefield. This decline is subtle and the volume is not large; it looks like few are buying and few are selling aggressively.
This kind of drifting decline easily makes people suspicious, always wondering if someone is slowly unloading behind the scenes. The transactions over the past three days show that below 116 only accounts for 15.9%, and the lower it goes, the thinner it gets. Below 114 is just a tiny fraction. The bulk of the volume remains at the old price levels above, not sinking along with the price.
Selling off and a subtle decline are two different things. Selling off means large volume and falling price; if goods are to be sold, someone has to buy, and transactions must keep up. Currently, the root of the volume is still anchored around 120, indicating that the price has left the transaction zone because buyers have temporarily stepped back, but the holdings have not been released.
To judge a drifting decline, just look at where the volume is. If the root of the volume is still in the old place, people have not dispersed; only the price is drifting.
Wherever the price drifts, let it drift. When the root of the volume returns to the 118 to 121 range, then it’s time to seriously watch the market again. I said earlier that $ETH's current rally can't surpass 2850 because the 2700-2800 range is just short squeeze stop-loss buy-ins pushing the price higher; the bull trap is over, now it's just waiting for you retail traders shouting bull market return to jump in.
The lowest price hit 2533.25 early this morning, and today's highest price was only 2586.09, not even reaching 2600. Keep shorting, short when it’s high, you can short at the current market price. $BTC
Because the majority are still bulls bottom-fishing, there aren't many who truly dare to short; the intensity of bull liquidation is far from enough.
This $ZEC also ran early yesterday, but no one knows the upcoming market; all judgments are based on experience. I reduced half my position around the 1330 or 1300 range, pocketed 150,000 USD, and continue holding.#美CFTC推进加密市场规则，SEC拟调整托管框架
The boss has something to say
CFTC and SEC are advancing crypto regulations simultaneously. On October 5, CFTC issued a preliminary notice aiming to use the Commodity Exchange Act authority to establish a nationwide unified framework for retail crypto trading, also considering setting up a dedicated registration category. On October 1, SEC proposed new custody rules allowing investment advisors to self-custody client assets under certain conditions and permitting state-chartered trust companies to act as custodians.
The two announcements coming out on the same day is no coincidence. After the CLARITY Act stalled in the Senate, administrative agencies began filling the gap with existing authority. Legislation is stuck, but rules are being implemented first, and compliance paths are gradually opening.
But don’t treat this as a bullish signal to hype. Both are still in the comment solicitation stage and have not formed final rules. In the short term, this does not constitute buying pressure. The real market impact comes from macro factors: 30-year US Treasury yields at 5.7%, global long-term bonds at high levels, and high interest rates weighing on risk assets.
My 86500 short position is still open. The logic hasn’t changed: bullish news is priced in, resistance above is dense, and funds are withdrawing. Stop loss at 87500, target between 84500 and 85000. Time to reduce positions, leaving the rest to break even.
Control your position size, don’t overleverage. Regulatory news won’t change the interest rate environment; set your stop losses well and don’t hold on stubbornly. $BTC $ETH
The above analysis is time-sensitive; always set your stop losses. Good luck.【On-Chain Trading Update｜ZEC】
Monitored address 0x5165 opened a short position:
▪ Execution price: 1,224.71 USD
▪ Transaction amount this time: 49,968 USD
▪ Leverage: 10x
Note: This address has earned over 19,000 USD in the past 30 days, with a return rate of +5.98% ALGO rose over 15%, with contract open interest increasing by about 12% in 24 hours, yet the funding rate is only 0.0019%, and the price has approached the intraday high.
As of 17:25 Beijing time, OKEx spot price is about $0.13667, with a 24-hour high of $0.13677 and a low of $0.11526, an intraday volatility of about 18.7%, and a trading volume of approximately $1.42 million.
OKEx hourly statistics show an open interest nominal value of about $3.54 million, increasing by about 5.9% in the last hour. Price and open interest are rising in sync, but long positions are paying almost no premium. My judgment is that this rally involves new leverage participation but has not yet seen crowded high funding rates.
The easiest misjudgment is to mistake a low funding rate for a safety cushion. If after surpassing $0.13677 the growth rate of open interest slows, it indicates turnover is digesting; if it falls below the range midpoint of about $0.12602 while open interest remains high, new leverage may amplify the pullback.
$ALGO 32 hours, $670 million.
The US government address has been moving quite a lot these past two days.
Let me break down a detail first: just $BTC transferred 6,215 coins, worth $520 million, all going into Coinbase Prime. In the same batch, there was also 119 million USDT, heading in the same direction.
Note, USDT is not a coin, it’s cash.
Moving coins and cash together to the exchange is an action worth a closer look.
To be clear, if they really wanted to sell, they wouldn’t move it slowly in batches like this; it looks more like following procedures, preparing.
But what they’re preparing for, the data doesn’t say, and I won’t guess either.
For the market, it might not crash immediately in the short term, but emotionally, some people are definitely starting to get nervous.
What I want to see most now is: will there be more transfers afterward?
If it stops, it’s just a false alarm. If it continues, that’s a real signal.
As for me? I’m always the last to react to this kind of news — the fate of an old trader.
#BTC巨鲸抛压减弱，ETF资金连续三周净流入
#Strategy再购BTC，多家财库同步增持 #美CFTC推进加密市场规则，SEC拟调整托管框架 $BTC $USDT ⚠️ Technical analysis only, does not constitute investment advice! Altcoins are highly volatile, contract risk is extremely high, so be sure to strictly control your positions! The positive news of Grayscale ETF attracting over 1 billion yuan is right in front of us, but $ZEC has directly experienced a major bearish plunge—a classic case of exhausting all the good news and being negative! A large bearish candlestick broke through the lower band of the Bollinger Bands every 4 hours, and bearish forces concentrated and released. The MACD death cross is trending downward, and the green bars continue to expand; SKDJ has entered a deeply oversold zone, with a short-term rebound and recovery, but the oversold ≠ bottomed out, and the rebound is just a breathing room during the decline! 🎯 Core Levels 🔴 Resistance Zone: 1280–1322 (Bollinger middle band is strong resistance; rebounds here are most likely to be pressured and pull back) 🟢 Support Zone: 1209 (the low point of this plunge). If it falls, the next target is 1170 💡. Practical Approach ✅: Preferred approach: Short on rebounds. If prices rise to 1280~1322 and stagnate prices appear, that's a bullish opportunity. Strictly set stop-loss points: first look for support at 1209, then directly at 1170 if a breakout occurs. ❌ When bottoming out, you must control your hands. Right now, it's just indicators oversold; the trend hasn't reversed. Don't rush to catch the dip and try a reversal just because of a big drop! You must wait 4 hours for a bottom divergence to break out and hold above 1322. Once the stability signal is confirmed, then participate in the short-term rebound with smaller positions. Focus on keeping a close eye on the lifeline at 1209. Once it is broken, a new round of downside will open up! $ZEC Volatility is much greater than Bitcoin's, with frequent spike spikes, making heavy positions easy to lose out! 👉 Continuously track market reversal signals; after everyone buys $ZEC,$MET Triple Positive Catalysts Explode! DLMM Pro+ Litigation Settled, SOL Ecosystem DEX Valuation Reassessment
This round of $MET surge is driven by multiple core catalysts resonating together.
The first major positive: The Singapore Solana Summit officially released DLMM Pro, the next-generation dynamic market-making tool. The project team directly reduced the cost of creating liquidity pools by 10 times, with built-in features such as dynamic curves, off-chain limit orders, and NFT LP positions.
The market prices it as the standard liquidity infrastructure for new Solana token launches, accommodating a large number of Meme coins and new project listings, with long-term potential for protocol fee growth.
The second major risk clearance: At the end of September, the court dismissed the collective lawsuit against Meteora and the former founders, completely removing the looming legal risk. The risk premium that previously suppressed the token valuation disappeared, lowering the entry barrier for institutional funds.
The third major highlight: Fundamentals! In the past 30 days, the protocol's trading volume reached $6.9 billion, generating $33.8 million in fees, firmly ranking as a leading DEX in the Solana ecosystem.
Additionally, a newly launched recommended staking mechanism allows staking MET to share protocol fees, solidifying the token value capture narrative.
Combined with rotation in the Solana sector, funds are seeking DEX targets with real trading volume. MET has a moderate circulating supply, and under positive stimuli, short-term funds have concentrated inflows, amplifying trading volume several times in the short term and driving rapid price increases. Many people think Bitcoin is a “decentralized currency” and has nothing to do with the Federal Reserve. But the reality is quite the opposite: the more mature the crypto market becomes, the more it resembles a “high-leverage tech stock” on Nasdaq. When the Fed tightens, the crypto market often kneels first out of respect. Today, I'll break down the wealth reshuffling logic behind interest rate hikes in plain language! 👇 💡 Conclusion first: Rate hikes = macroeconomic headwinds The Fed raising rates essentially means taking away “cheap money.” For us crypto traders, it usually means three words: “tough times.” * Liquidity tightens ➡️ high-risk assets fall first * Dollar strengthens ➡️ capital flows back to US Treasuries and banks * Financing becomes more expensive ➡️ miners, exchanges, and leveraged players face huge pressure But note a counterintuitive truth: The market fears not “rate hikes” themselves, but “rate hikes exceeding expectations.” If the bad news is already priced in, crypto prices might actually rise instead of fall! 🔄 Money comes from and goes back to the same place Bitcoin itself does not generate interest; its valuation largely depends on “future liquidity expectations.” When the Fed raises rates, three painful things happen: 1. Holding costs soar 📈 US Treasury yields have surged to 4% or 5%. Why take a 50% drawdown risk on Bitcoin when you can safely earn interest by buying Treasuries? Assets without coupons suffer most during rate hike cycles. 2. Global dollars decrease 💵 The crypto market is a typical “liquidity-sensitive asset.” In 2022, the Fed’s aggressive rate hikes caused Bitcoin to plunge over 60% for the year—a harsh lesson. 3.Reviewed the market at 6 PM, and it's still the same old story, grinding back and forth at the lows. Long positions are still stuck underwater, luckily $BAND is holding strong upfront, so the overall account hasn't been hit too hard. The hedging setup is still intact, keeping my mindset steady.
$BAND: Opened at 0.2648, current price 0.2345, 10x isolated margin, big profit of 255U (+114.54%). The "backbone" of the account! Short position profits are still steadily doubling, the trend remains. Holding on, no rush to exit, seeing if it can take another win.
$ETH: Opened at 2628, current price 2567, 20x isolated margin, floating loss of 1138U (-46.10%). The pullback is significant, longs are still in the pit. Fortunately, there's still buffer before liquidation price, so lying low for now, waiting for a decent rebound before making plans.
$BTC: Opened at 85615, current price 83127, 20x isolated margin, floating loss of 313U (-58.10%). Following the market's continued volatility. Position is still within a safe range, holding to observe, waiting for a bottoming signal.
#9月FOMC纪要公布，多数官员倾向再加息
#ETF仍在流入，BTC为何下跌？
#跟着OKX打卡2049 This market move is actually easy to understand:
BTC broke down first, ETH followed with a drop, and altcoins finished the job.
One big bearish candle first clears out leveraged long positions, then scares out the momentum traders, and finally even the bottom-fishers start doubting themselves.
But I think it's still a bit early to directly call it a “bear market.”
There is indeed macro pressure behind this decline. The Federal Reserve meeting minutes remain cautious about inflation risks, the 10-year US Treasury yield once surged to around 5.36%, hitting a high not seen since 2002, BTC also briefly fell below 84,000, and ETH dropped even more.
So what we really need to watch now is not "how much it has fallen," but whether the volume shrinks and stabilizes after this waterfall drop.
84,000 is the key level right now; if it holds, it might just be a leverage cleanup; if it truly breaks, the next level to watch is 80,000.
As for the big funds layering short orders at 83,350, 83,400, 83,450, I prefer to interpret this as a strategy: not betting on an immediate crash, but waiting for a rebound to resistance levels before shorting. This is actually more reasonable than chasing shorts at low levels.
The market has already dropped; if you missed the high short, don’t force yourself to grab the last bite.
Wait when you should wait, act when you should act. The market can go crazy, but your hands must not follow the madness.
$BTC $ETH $BTC #9月FOMC纪要公布，多数官员倾向再加息
Investment involves risks; trade cautiously.$SKY has recently pulled back, but I am more focused on the buyback mechanism behind it.
Sky Protocol uses part of the protocol surplus to buy back SKY.
According to public buyback data, the buyback amount in the past 30 days was about $5.02 million, an increase of about 114% compared to the previous 30 days.
But don't rush to bottom-fish.
SKY just hit an all-time high on October 5, then retraced about 21% from the high, showing significant short-term volatility.
Entry: $0.0815–$0.0825 (after regaining stability)
Take profit: $0.0845 / $0.0870 / $0.0904 / $0.0949 / $0.1000
Stop loss: $0.0770
What I want to see is not the pullback itself, but whether the price can regain and hold the key level. Russia's largest bank, Sberbank, is pushing to bring crypto trading to over 100 million people.
What truly makes this news worth watching is not just the "100 million" figure, but who is opening the door to Crypto.
100 million people is no longer a niche market; it is a nationwide retail financial network.
If a major bank integrates crypto trading directly into its financial system, the identity of crypto assets begins to change: from an "alternative investment" to a type of financial product accessible to ordinary users.
In the past, Crypto customer acquisition relied on exchanges, airdrops, and KOLs. Now, if banks provide direct access, the driver of adoption may no longer be retail enthusiasm but the bank's own client network, balance sheet, and customer acquisition capabilities.
But note:
Being able to trade does not equal free trading.
Entering the banking system means traffic, but also risk control, custody, and regulatory rules.
The wider the door opens, the clearer the rules usually become.
Popularization solves "who can come in," but the real question is: who holds the key?Recently, Bitcoin entered a pullback, dropping below 83000, and everyone is paying attention to the subsequent trend.
Previously, we analyzed that during a bull market, there are many false breakdowns during each pullback, meaning fake breakouts downward.
As shown in the chart, there were false breakdowns of ETH in March and June 2023,
and also false breakdowns of ETH in June and August 2025.
Each time, there is a large bearish candle breaking through the support area by 5%-10%,
followed by a small candle the next day, and then a big bullish candle on the third day that recovers the price.
So these past two days are a critical observation period. If today there is no further big drop and a small candle closes, and tomorrow a big bullish candle appears, then it confirms a false breakdown, and the hope for a continued strong rally is very high.
If the market moves opposite to our expectation and continues to fall, then it will only enter a new consolidation range.
Also, we talked before about risk rebalancing.
Some time ago, when UNI was around 8, I reduced about 15% of my position and switched to BNB and SOL.
After reducing the position, UNI continued to surge, reaching 10. At that time, I thought I sold too early and at a loss, but unexpectedly, UNI has now dropped below 8, while BNB and SOL helped me withstand the big drop.
This makes me more convinced that whenever altcoins overheat, do risk rebalancing: reduce part of your position and switch to mainstream coins. Even if you miss short-term gains, it is absolutely the right move for long-term performance.
Just like during the popular staking mining in 2024, I staked some ETH to earn rewards. I split the rewarded tokens into two parts: one part was directly converted to Bitcoin regardless of Bitcoin’s price, and the other part was held to see the long-term price.
The result was clear: those tokens held for rewards would only end up worthless, while converting to Bitcoin at the same time doubled the profit.
Therefore, when the next market boom comes, the altcoins you hold will definitely surge, and everyone will be happy, but you must resist and firmly reduce part of your position to switch to mainstream coins. Don’t fear that mainstream coins are expensive, because they will be even more expensive in the future, beyond your imagination and very resilient to drops.
If you hold a heavy position in a good altcoin like UNI or AAVE, you won’t make it to the end of the bull market; you will likely be washed out. The heavier your position as it rises, the smaller your position becomes, and you will miss out on the final excess returns.Hot Coin Data Ranking｜Last 15 Minutes
$CAP surged with increased volume, positions decreased, and buying and selling were close in the final stage. Trading volume was 266,000 USDT, 3.4 times the 15-minute average volume converted from the previous hour; position volume decreased by 0.38%. Active buying in the final stage was 43.0%, with the price in this segment up by 0.85%.The Federal Reserve reveals one thing: Crypto is competing with AI for money
The minutes triggered a round of leverage liquidation: Bitcoin slid from 85,300 to 83,500 in 20 minutes, with 124,000 liquidations in 24 hours totaling over $700 million, more than 90% of which were long positions.
The real new signal is this sentence: The Federal Reserve linked AI investment to inflation for the first time — data centers competing for electricity, chips, and talent, all driving up costs. Institutions are also choosing sides: 65% of family offices are betting on AI, while only 17% favor crypto.
With a risk-free return of 5.36%, crypto not only has to compete with the Federal Reserve but also with AI for money. $BTC📊 SOL/USDT Quick Prediction
* Current Price: $SOL 115.23
* Support: $SOL 114.19
* Resistance: $120.00
🔮 Short Prediction
Selling tests $115.23. If bulls hold the $114.19 low, expect a bounce back to $120.00.
📊 ATH Context
After peaking at $124.96, today's price near $115.23 is a healthy consolidation. Historically, SOL retests support before moving higher.
Back to $124.96 or lower? 👇
#SOL #Solana #Crypto #Trading #SOLUSDT Greece has proposed its first national crypto asset tax plan, intending to tax crypto earnings exceeding 500 euros per year at a rate of 10%.
But what’s truly worth noting is not the 10% figure, but the 500-euro threshold.
Earnings below 500 euros per year are currently not taxed under this plan. Behind this design lies a very practical line: small earnings are not worth investing too many regulatory resources, but once a certain scale is reached, crypto earnings officially enter the tax system.
Looking at the EU, the logic is also very clear.
MiCA is unifying market rules for crypto assets, but taxation is still mainly determined by individual member states. Thus, regulation is extending from trading, issuance, and licensing further into earnings and taxation.
This means crypto assets are gradually moving from a “gray area” into the formal tax base.
What really deserves attention is not how much tax is collected today, but where the tax net is expanding to.Core‑BTCFi（比特币金融） BTCFi就是Core整套叙事：把沉睡的BTC释放流动性，做比特币原生DeFi，依靠Satoshi‑Plus混合共识，继承比特币算力安全，同时拥有EVM智能合约能力 。 整套体系主要几块：BTC非托管质押、流动质押LstBTC、借贷Colend、支付SatPay、BTC原生DEX/衍生品。 ✅BTCFi亮点（看多逻辑） 1. 非托管BTC质押是最大卖点 利用比特币CLTV时间锁，用户BTC不用转给第三方托管，BTC还在比特币链上锁定，就可以参与Core网络质押拿CORE奖励，区别于WBTC/cBTC这类托管封装BTC。 推出LstBTC流动质押凭证，质押BTC之后拿到链上凭证，可以继续去DeFi做借贷、交易，解决质押锁仓失去流动性的痛点。 2. 安全叙事：借用比特币大量算力做网络共识，主打“比特币级安全的DeFi”，EVM兼容，普通EVM开发者可以迁移过来做BTCFi应用 。 3. 产品蓝图完整：质押‑借贷‑交易‑现实支付（SatPay借记卡），希望形成闭环；官方希望通过手续费、借贷利息收入，用来回购CORE，构建代币飞轮。 4. 赛道红OKXICE has filed with the SEC for a 24/7 tokenized U.S. stock trading platform, initially targeting more than 60 companies.
This could push blockchain-based markets closer to traditional finance.
#OKX #Tokenization #RWA #CryptoStill holding a 20x long position, floating loss of 5500U, but I remain calm!
This market move is indeed fierce! BTC dipped to a low of 81867, ETH dropped to 2541, SOL smashed down near 114, bulls were repeatedly shaken out, and panic sentiment continues to release.
However, I believe that after the sharp drop, there is already some short-term recovery opportunity.
$BTC: Back near 83100, with support at the low. Holding above 83000, looking up to 83600—84600; if it breaks below 81800, beware of a second dip.
$ETH: Temporarily stabilizing near 2540, breaking through 2600 could lead to a recovery toward 2650, key support at 2540.
$SOL: Rebound near 114, retaking 117—119 is needed to have a chance to challenge 120—123.
My view: Panic has partially released, but a rebound does not equal a reversal. Continue to watch the three long positions, and risk must be controlled even with 20x leverage.
While others panic, I stay calm! Whether this golden pit can be climbed out of remains to be seen!
#9月FOMC纪要公布，多数官员倾向再加息
#ETF仍在流入，BTC为何下跌？
#全球长期国债收益率升至多年高位
$BTC $ETH $SOL A whale with a 75% win rate has opened a $33 million $BTC short position with 40x leverage.
What does he know?Lido is going to do lending on its own.
It announced Lido Lend: a lending protocol built on Morpho, specifically serving ETH staking loops, aiming to launch in Q4 this year.
Staking loops essentially involve using staked assets as collateral to borrow assets, then staking again to form a leverage loop. Previously, this lending layer mainly relied on third-party protocols.
Now the largest staking service provider is stepping in personally.
Among the design goals currently given by Lido, two details are worth noting: collateral screening and "reliable exit."
Because the real risk of staking loops is not just how much can be borrowed, but whether one can exit smoothly during severe market fluctuations.
However, the DAO vote has not yet taken place, technical details have not been disclosed, and Q4 is only the target time, so it cannot be considered a product that has already launched.
But if it is ultimately implemented, it means the lending layer of staking loops may shift from third-party infrastructure to a core link controlled by Lido itself.
Leverage is easy to add; the real difficulty is exiting; and whoever controls the exit rules controls part of the infrastructure's discourse power.#交易之声：你的经验值得被听到
Today's follow-up question: What are the three conditions you must meet before opening a position?
1. Principal: Preferably not my own funds, so I can use it without worries;
2. Trend: For assets without volatility, volume alone is useless because I don't have the trading skills for that;
3. Market Cap: Only trade mainstream coins that have heat, at least with no obvious signs of manipulation by big players.😄BTC's maximum pain point is 84,000, how should we view the options expiration tomorrow?
Tomorrow, October 9, about 22,000 BTC options will expire, with a notional value of approximately $1.84 billion. Including ETH, the total expiring options amount to about $2.16 billion. These figures were disclosed on October 8 and may be adjusted after position changes.
The maximum pain point is calculated based on open interest and corresponds to the strike price where the total intrinsic value for buyers is the lowest at expiration. It can only be used as a reference and does not prove that BTC will definitely rise to or stay at 84,000 tomorrow.
These Deribit options expire at 4 PM Beijing time tomorrow, with the settlement price based on the weighted average index price from 3:30 PM to 4:00 PM, not the last second quote.
If BTC returns near 84,000, whether spot trading volume can keep up and whether it can maintain after expiration are key. A brief surge followed by a drop is completely different in significance from a strong volume-supported hold.
I will treat 84,000 as an observation level.
Volatility before expiration can be observed, but to truly judge strength or weakness, we need to see if buying pressure continues after settlement.Still optimistic about $UNI
Previously, when UNI was at $9 with a market cap of 8 billion, I thought the valuation was too high. But now that it has dropped to around $7.8, a 30% pullback from the high, the cost-performance ratio is gradually showing up, so my view is starting to turn positive.
Many times, fundamentals are one thing, and whether the price is at a high level is another. I will dynamically adjust my view based on price changes.
Recently, UNI has fallen quite badly, and many people have started to be bearish, thinking that UNI is too deeply tied to the Robinhood chain, and once the RH chain cools off, UNI will be done for.
But I don't think so.
From another perspective, UNI is increasingly like the token we've been looking for that can truly capture TradFi on-chain cash flow.
Now Uniswap trading fees can already be returned to UNI through burning. Later, if Circle Arc's v2/v3/v4 trading fees are also integrated, then the trading growth of stablecoins, institutional assets, and tokenized assets on Arc could all potentially convert into continuous UNI burns.
We can't prematurely hype how much revenue Arc can bring yet, so going forward, just focus on three things:
Arc trading volume → fees → actual UNI burn.
There are some signs of accumulation on the whale side, but overall holdings are still below early September levels, so it's not yet a full reconsolidation. More adjustment is needed while waiting for the big whales to accumulate at the bottom.Someone opened a $ETH long position worth up to $145 million, with 8x leverage.
They are only $115 away from liquidation.Last night my hand trembled slightly when setting the stop loss, but this morning I realized it was an unnecessary act of filial piety. When the market was just crashing in the morning session, $DASH still pretended to push upward, but every surge lacked strength, volume didn’t keep up, and the resistance above was too obvious. I went short directly, no hesitation.
Entered at 60.37, exited at 54.18, +206.39% nailed it. The big profit was worth the wait; this trend didn’t even require me to think, my account was dancing on its own.
Closed 80% first, kept 20% at cost price for protection. If it continues to drop, let the profit run; if it rebounds, don’t let the gains turn uncomfortable.
The market cures all kinds of arrogance, especially those who think they’re the smartest. Even if you only make one point, as long as you take it away, it’s yours; any floating profit beyond that belongs to the market.
For friends who haven’t entered yet, listen to me: now is not the time to chase shorts, wait until the next rebound weakens before acting. I will notify you immediately when the next opportunity comes, stay tuned.
$ZEC $DOGE From 2017 to 2025, I made quite a bit of money. If I had held on, I would have been financially free by now, but basically, I lost it all. I made money through luck and dividends, lost it through skill and ignorance, and accumulated a lot of experience and painful lessons.
First, never involve anyone else in investments or startups unless it's a mutually beneficial exchange. From 2021 to 2025, I brought a friend into the crypto space and advised him to put his main position into Bitcoin and Ethereum. He didn't listen and sought to get rich quick by buying altcoins, lost all his principal, and even borrowed from online loans. I felt a bit guilty and compensated part of his loss. I realized that bringing others into investments means if I profit, it has nothing to do with me, but if they lose, I have to cover the loss. It's harmful and not beneficial, so I won't do it again.
Second, don't flaunt wealth; always stay low-key, or others will envy and hate you. People might ask to borrow money from you, set traps to scam you, or recommend all kinds of messy investments that ultimately damage your principal and cause losses.
Finally, never overspend. Save the money you earn and keep rolling it like a snowball, rather than spending it on buying houses or cars and splurging wildly. At the end of 2020, I didn't have much money yet, just starting out, but I spent all my money on an expensive house with a mortgage. It was equivalent to overspending; the seed I had painstakingly accumulated was eaten up all at once, and I never saw the fruits grow again.Where does the money come from for an ETF that goes 2x long on a stock?
Many people only focus on the management fees when looking at leveraged ETFs.
But what’s often overlooked is the financing cost.
CoinDesk broke down a case: the Tradr 2X Long SNDK Daily ETF doesn’t simply buy twice the stock; it gains leveraged exposure through a "total return swap" and pays financing fees to the counterparty.
Reports show it pays Ripple a financing rate of "overnight bank financing rate + 4 percentage points," which currently equates to about an 8% annualized rate.
And this cost is on top of the ETF management fees.
This means the true cost of a leveraged ETF isn’t just the management fee; you also have to consider the financing rate, leverage size, and holding period.
What’s even more interesting is that this business has long been dominated by banks. Ripple is entering institutional brokerage, clearing, and financing by acquiring Hidden Road for $1.25 billion by 2025.
So when looking at leveraged ETFs, don’t just ask how much the management fee is.
Also ask: who is providing the leveraged money, and how much are they charging?