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【$ETH Testing Resistance at 2,800, When Will the Catch-up Rally See a Qualitative Change?】
On the daily chart, Ethereum as a whole is still in the platform breakout phase following a large-scale bottoming process. After the previous accumulation at the low range of 2,600 - 2,700, bulls are attempting to push upward, reaching a high of 2,807.67, currently quoted at 2,732.51, down slightly by 0.83% intraday.
Technical Signals:
Structural Battle: Compared to Bitcoin's continuous strong bullish rallies, Ethereum's current advance is noticeably slower in pace. The 2,800 level is a strong resistance within the previously dense consolidation zone. The candlestick here shows a clear upper shadow, indicating that the bulls' volume support is somewhat weak during the attack.
Indicator Confluence: The daily MACD has just formed a golden cross above the zero line, with momentum bars turning green and expanding. The mid-term trend remains healthy; no severe bearish divergence has appeared, indicating this is a healthy resistance-level shakeout.
Battle Simulation and Strategy:
The key to Ethereum's bullish market depends on whether funds can smoothly overflow from BTC into its ecosystem.
Support Below: 2,680 - 2,700 (moving average support zone); if broken, strong support at 2,640 will be tested.
Resistance Above: 2,800 - 2,850 region.
Trading Idea: It is not advisable to be bearish at this stage, but avoid chasing high buys on upper shadows. A "platform dip-buy" strategy is recommended, relying on the 2700 round-number support to accumulate on dips. Once a volume-backed engulfing break above the 2,808 high occurs, the catch-up rally space will quickly open. $Lobster's rebound is just a breather; the bears are not done yet.
Brothers, Lobster has dropped sharply from 0.31 all the way down to 0.17, an extremely exaggerated decline, but I don't think this is the right time to bottom-fish just because it has fallen so much.
On the contrary, judging from the current trend, the bearish momentum hasn't truly been broken. After the previous surge, there has been a continuous pullback, with the price center of gravity steadily moving downward. The rebound near 0.18 this time also failed to reclaim key positions. This indicates the market is more like undergoing a weak correction after a downtrend, rather than having completed a trend reversal. This kind of market often leads to a situation where after a big drop, a sudden small rebound makes everyone think the bottom is finally in, but as soon as they chase in, the next bearish candle sends them back to square one.
So I won't try to guess the bottom here; instead, the rebound is the short position I'm more focused on.
Short-term key level to watch is around 0.19. If the rebound reaches this area but still fails to gain volume and shows a surge followed by a pullback, consider following the trend to set up short positions. The downside target is first around 0.17. If 0.17 is broken again, continue to look for support lower down. #特朗普将会晤海湾六国，伊朗局势迎关键节点 $LINK BTC continues to rise steadily, with funds spreading outward. The veteran oracle sector token LINK is entering a bull market recovery. The fundamentals have always been solid, with recent additions of price feed collaborations from multiple new public chains, and on-chain business demand continues to grow. The bear market was merely a lack of speculative funds; with increased risk appetite in the bull market, funds are returning to niche sectors. Recent trading volume has increased. In the bull market rotation and diffusion, the leaders move first, followed by various niche sectors taking turns to activate. As long as the overall market trend is upward, quality veteran tokens will receive attention from funds. The upward momentum of the overall market will persist for the next two to three days, with LINK oscillating upward. I hold a base position and take profits in batches to lock in gains. Veteran coins in niche sectors tend to yield stable returns during rotation phases, with volatility lower than small-cap altcoins.$ONE current price 0.003717, 24h down 15.23%, trading volume 48.0M USDT. Moving average structure has turned bearish: MA5=0.0038578 is below MA20=0.0041695, short- and mid-term moving averages are in a bearish alignment, price is running below MA5, rebounds are immediately pressured. RSI=39.8, in a weak zone but not yet oversold, indicating there is still room for downward momentum release. MACD histogram -8.011e-05, bearish momentum continues with no sign of convergence. Bollinger Band lower band 0.0036885 is almost aligned with the current price, price is running near the lower band, indicating a weak edge pattern, mid-band 0.0046505 forms mid-term resistance. The amplitude of 30 K-lines is about 53.35%, showing high volatility. Funding rate +0.0013%, longs are still paying, combined with a fear and greed index of 78 indicating extreme greed, short-term longs are crowded, with a relatively high risk of reverse sell-off.
Directional judgment: mainly bearish, light short positions can be tried near the moving averages on rebounds.
Entry reference range: 0.003820～0.003880 (pressure zone of rebound below MA5, combined with RSI weakness and MACD bearish histogram).
Take profit 1: 0.003690 (near Bollinger lower band, previous low support).
Take profit 2: 0.003550 (extension target after breaking lower band, referencing amplitude space).600 $BTC, asleep for 14.2 years, just woke up.
My first reaction wasn’t "an ancient whale is about to dump," but rather—this guy must have bought when $BTC was just a few cents, right? $51.15 million, held for 14 years, I don’t even dare to calculate that return.
But what really excites me isn’t how much he made.
It’s the word "activated." When a dormant address moves, there are usually only two possibilities: either preparing to sell or testing the private key. After 14 years of no activity, suddenly moving—there’s no such thing as a random act.
I guess most likely it’s a small transfer to test the waters, to see if this old wallet still works. If they were going to dump a large amount, they wouldn’t be so high-profile as to get caught by Whale Alert.
That said, 600 coins isn’t a huge amount, but it’s not small either. If dumped, it’s enough $BTC to make a splash.
I’m not watching where these 600 coins go, but whether after this movement, a second or third ancient address will also wake up. One waking up is coincidence; a group waking up is a signal.
#BTC冲高$87000，加密总市值重返3万亿
#美债短端供给或增万亿美元 #美国加密税收与BTC储备法案获推进 $BTC $BTC
"Bitcoin has no top because it also has no bottom."
This sentence carries a huge amount of information.
BTC has long stopped trading on "whether regulation will allow it"; it trades on the US dollar and global liquidity.
Its pricing anchor is the money printing machine, not policy.
As long as US debt continues to expand and fiscal policy keeps growing—while the market still believes there will be more money—BTC's buying demand will never dry up.
To understand BTC, first look at the US dollar.$BTC
After a false breakout, it fell back, testing 85114 and even 84500 again
Conditions: Rapid surge above 85800 followed by a quick pullback, closing with a long upper shadow bearish candle
Trigger factors: Sudden negative news (such as SEC clarifications, hawkish Fed officials' remarks), major sell-offs
Technical signals:
RSI bearish divergence
Volume expands but price stagnates
Breaks below EMA21 and fails to recover
Recommendations:
Bulls: Strict stop loss, do not chase highs
Bears: Enter only when it breaks below 85000 with volume, target 84500 #BTC surges to $87000, total crypto market cap returns to 3 trillion #美国加密税收与BTC储备法案获推进 #交易之声：你的经验值得被听到 [Pharaoh's Market Watch]
Costco is set to report after the market closes on Thursday. This prominent retail star with sharp eyes—can it still surprise the market this time?
Pharaoh says directly, this quarter's earnings report is like Pharaoh going to Costco: on the surface, it looks like stocking up, but in reality, it's about snagging bargains. The data expectations look pretty good, with revenue forecasted at 94.85 billion, up 10% year-over-year, and EPS expected at $6.55, up 12% year-over-year. But Pharaoh has to emphasize: the market now cares less about how much was sold and more about whether selling these goods is profitable.
First, the biggest risk: gross margin might not hold up. Bank of America expects Q4 gross margin to drop about 10 basis points, with transportation and supply chain costs squeezing hard.
Next, the most hardcore trump card: membership fees and AI. Costco's real profit engine has never been selling goods, but those 145 million membership cards. The renewal rate is 92.2%, and membership fees just increased in May, making this income very stable. There's also a new highlight: e-commerce traffic driven by AI search tripled year-over-year in Q3 and is the highest converting traffic source. If this continues, it adds a new story to the valuation.
Pharaoh's bottom line: beating revenue expectations isn't hard; the challenge is keeping gross margin from collapsing. If gross margin holds steady and membership fees keep rising, the stock price has the momentum to surge; but if gross margin crashes, no matter how good the revenue looks, the market will vote with its feet. $BTC $ETH $DOGE #财报观察员：好市多Q4财报即将公布 #AMD Market Cap Surpasses $1 Trillion, Chip Stocks Rally Together
AMD surged nearly 10%, closing at $615, with its market cap breaking $1 trillion for the first time, becoming the fourth U.S. trillion-dollar chipmaker (following NVIDIA, Broadcom, Micron).
On the same screen: Intel +12%, ARM +17%, Philadelphia Semiconductor Index +4.3%. AI has evolved from "training GPUs" to "running intelligent agents," with CPUs/accelerators all standing up.
The bottom line is:
EPYC is taking market share from Intel, Instinct is taking from NVDA, data center revenue is up over 100% year-over-year, and the market is starting to reprice based on "AI full-stack manufacturers."
But don’t get carried away:
AMD is up over 180% this year, with a forward PE above 40, the story is only half priced in. It pulled back to 608 pre-market; chasing highs usually leads to a shakeout.
From the crypto perspective:
Chip stock surge = risk appetite recovery = AI Agent tokens / compute power tokens / high Beta Meme tokens have capital willing to buy.
But don’t get it backwards: NVDA/AMD are the denominator, crypto AI is the leveraged sentiment. When U.S. chip stocks cool off, on-chain Agents get hit first; if U.S. stocks continue to expand, crypto will dare to spin the new dream of "on-chain reasoning paying Gas."
Watch three things:
1️⃣ Whether AMD can hold above 600
2️⃣ Whether chip stocks continue to rally or run ahead before NVIDIA’s earnings
3️⃣ Whether BTC can leverage sentiment to return above 115,000+Why can't we be president?
Because of poor psychological factors.
Trump really made me laugh today.
His own media posted: 59% approval rating, oil prices are falling, thank you.
The awkward truth is, the real approval rating is only 37-40%, 59% is dissatisfaction. He mistakes those who criticize him as fans.
Do you have this psychological factor? You’d probably feel bad for a whole day if someone casually pushed you around, because our education doesn’t teach us to be like that.
Even more ridiculous:
A few hours before the post, the US military bombed Iran again, the fourth round this week, Brent crude surged 4% breaking $79. The oil price was pushed up by his own bombing, then he turns around and says watch me bring it down. Think about that.
There’s another big issue no one mentions:
Hormuz Strait, 1/5 of the world’s oil passes through here.
Iran says it’s closed, the US military says it’s open, that’s the real key.
The price drop Trump bragged about was during the ceasefire in June, the ceasefire on July 8th failed, and prices bounced back early. You can shamelessly push oil prices up yourself, then post to take credit for lowering them?
If you had a bit of shame, you’d feel terrible, right?
And he’s still the president of a country.
Words and reality are opposite. Do you think he really got it wrong, or he just doesn’t care about truth or falsehood?
Don’t laugh at him for being crazy; laugh at those who still try to reason with facts. He neither got it wrong nor doesn’t care about truth; he lives in a logic where posting is reality.
The more you use data to argue with him, the more he profits, because the debate itself repeats the words "59%, oil price drop" again. Fact-checking in his playbook actually...The more you try to control the uncontrollable market and people's minds, the more easily you get consumed by emotions.
Maturity in trading is not when the market starts to make sense, but when you fully accept that: price movements never follow your worldview, and the market won't comply just because you think it's reasonable.
Stop asking "How can the market be like this?" as it only breeds obsession, holding losing positions, and going against the trend;
Instead, ask "Why is the capital moving this way, and how can I break the deadlock?" to develop strategies and protect your account.
The crypto financial world never judges right or wrong, only the game.
True growth is shifting from evaluating the market and complaining about others to understanding capital mechanisms and improving your own game skills.
Letting go of control and embracing uncertainty is the start of stable compound growth. $BTC $ETH $DOGE #BTC冲高$87000，加密总市值重返3万亿 #Strategy再度增持，财库同步加仓 #财报观察员：好市多Q4财报即将公布 $GRASS Honestly, I myself think it's quite risky that this trade has lasted until now; luck played a big part.
Last night in the early morning, while watching GRASS before the market fully took off, I saw some buying support below, and the support level held. I only said one thing at the time: Long positions are worth watching, wait for a pullback before moving.
Now GRASS has gone from 0.4546 all the way to 0.4546, a +523.76% gain in hand. The earlier hesitation was real, but the outcome is really sweet.
The market is about waiting it out, profits come from holding on. Panic comes from lack of planning, losses come from overthinking.
I took profit on 70% first, moved the remaining 30% to the cost price to protect it, letting profits run if it keeps going, and not letting gains turn uncomfortable if it falls back. For friends who haven't entered yet, listen to me: now is not the time to rush in; chasing highs easily leaves you stuck at the peak. Wait for the next signal to move.
$ZEC $SOL AMD surged from 1.61 to 616, an increase of more than 38,000 times, which is quite staggering.
You can see on the chart: after breaking through that long-term resistance line, the cumulative increase is marked at about 38145%.
Yesterday's close was 615.52, with an intraday high near 616, and the market cap just crossed the $1 trillion mark.
Talking about AI, chip stocks are showing a differentiated trend today; AMD's big rise doesn't mean the whole sector is flying together.
My view: The trillion-dollar milestone is worth noting, but don't treat the long-term compound growth chart as a license to chase short-term highs.
How to act: If you want to participate, do so in small batches with light positions; if invalidated by a daily volume breakdown below the recent high-density zone, then hold off on adding.
Start with a small position and wait for a pullback confirmation before deciding whether to follow.
Do you believe AMD can continue to rise, or will it first digest this wave?
$AMD $NVDA $MU
#BTC surged to $87000, crypto total market cap returns to 3 trillion #EarningsWatcher: Costco Q4 earnings report coming soon$MUBARAK Latest Market Overview and Analysis of the Surge Reasons
Core Conclusion: Main funds accelerated buying by 19 times, combined with short squeeze forming a forced short-covering rally.
1. Latest Market Data
MUBARAK surged 66% in 24 hours, market cap rose to 55.55 million USD, quoted at about 0.0555 USD. Capital inflow ratio reached as high as 92%, capital acceleration at 19.51 times, a typical signal of large funds concentrated accumulation. Contract open interest simultaneously surged 77.5%, large holders' long-short ratio reached 2.26, indicating a clear bullish bias among big players.
2. Core Drivers of the Surge
This rally is driven jointly by main force buying and short squeeze. Funding rate turned positive and is relatively high (+0.0196%), longs are continuously paying to hold positions, sentiment is hot but not extreme. The main force likely completed the "short explosion" phase earlier, now pulling up while shaking out, pushing prices higher with a forced short-covering stance.
3. Short-term Risk Warning
On the 1-hour chart, price took off vertically with a large deviation rate, severely overbought in the short term. RSI has reached 73.2, ordinary accounts' long-short ratio is only 0.87, showing obvious divergence. Some analysis points out that chasing longs near 0.060 carries great risk, and shorting is also against the trend.
My view: I remain optimistic about MUBARAK's upside potential. 0.06 is not the top, just an intermediate stop on the forced short-covering path.
$BTC
$ETH
#BTC冲高$87000，加密总市值重返3万亿 The most direct fuel for this round of rally is the concentrated liquidation of short positions.
A frequently discussed data set today shows that during the market's rise, over $1 billion worth of cryptocurrency short positions were forcibly liquidated.
The logic behind this is not complicated.
After the price breaks through resistance, short stop-losses and liquidations become passive buy orders; these passive buy orders continue to push the price higher, which triggers liquidations of shorts at even higher levels.
This creates the rapid rise we are seeing.
What is noteworthy about this rally is that while short liquidations are happening, spot ETFs are also seeing nearly $1 billion in net inflows.
One is responsible for acceleration, the other for absorption.
Pure short squeezes tend to spike and then fall back; if spot funds continue to flow in afterward, the market may gradually shift from a "short squeeze rebound" into a genuine trending rally.
At present, the bulls have regained short-term initiative. #BTC冲高$87000，加密总市值重返3万亿 Muse is definitely a dark horse, directly pushing AMD's market cap past one trillion dollars
On the 21st, AMD surged nearly 10%, with its market cap surpassing $1 trillion for the first time
The trigger was Meta's AI Agent Muse
Regarding current AI stocks, I think they can be divided into several lines:
$AMD: CPU+GPU+servers all covered, data centers are already the core growth engine
But the problem is obvious: AMD's forward PE has surged to about 41 times, valuation clearly higher than NVIDIA, short-term risk of chasing the rally is not low
$xINTC: The hotter the Agent, the greater the inference demand, GPUs remain indispensable
But its increase is not as crazy as AMD's, indicating the market is speculating on the incremental story of AI's second phase, not just training GPUs
Broadcom: Behind the Agent there are not only GPUs but also custom chips, networking, and data center infrastructure. Broadcom has already bet on Google TPU, as well as custom chip projects from Meta, OpenAI, etc.
Micron $MU: Continuous operation of Agents means memory, HBM, and data center storage demand continue to rise, and Micron has a hard catalyst with its earnings report on September 30
AMD is trading on expectations, NVIDIA on core computing power, Broadcom on custom chips, Micron on storage
Next to watch:
Whether Agents can turn AI demand from one-time training into continuous inference demand
#AMD市值突破1万亿美元，芯片股集体大涨 An address holding six hundred $BTC moved for the first time in fourteen years, worth over fifty million dollars.
The real question is not that it woke up, but why it chose this moment.
The private keys of early addresses are usually held by very few people; moving it means the holder judges that current liquidity is sufficient to handle it. A more likely explanation is that an over-the-counter counterparty has already been agreed upon, and the on-chain transaction is just the settlement.
This won't directly crash the market, but it will remind all holders: how many such addresses are waiting for a price. They do not constitute selling pressure, but rather a psychological ceiling.
Keep an eye on whether these coins ultimately flow to exchanges or new addresses; the former is the real signal. If there are no follow-up transfers within a week, it means it was just a wallet reorganization.
#BTC冲高$87000，加密总市值重返3万亿
#美国加密税收与BTC储备法案获推进 $BTC A clear rotation from macro-driven large caps into infrastructure narratives like $LINK and $AVAX would likely emerge only if on-chain activity on decentralized finance and Layer 2 networks starts printing sustained higher highs in the coming days. The logic is straightforward: when speculative capital chases yield, restaking, and scaling stories, it tends to funnel first into the tokens that underpin those systems, ahead of the underlying protocols themselves. For $LINK, that means watching ora#财报观察员：Costco Q4 Earnings Report Coming Soon
Costco Q4 Earnings Preview: Consumption Not Collapsing, But More Selective
Costco will release its Q4 earnings after market close on September 24, with expected revenue of 94.85 billion and EPS of $6.55. Same-store sales have been announced in advance—overall company growth of 9.4%, U.S. growth of 10.7%, digital growth of 19.5%. Paid members total 82.9 million, with a renewal rate of 92.2%. Both shopping frequency and average transaction value are rising, not typical of a contracting consumer base.
However, to strengthen its value positioning, some daily necessities have been discounted, compressing gross margin by 21 basis points. The consumption structure is shifting: essentials remain strong, discretionary spending weakens—not a collapse, but every dollar is being spent more wisely.
Costco serves as a real-time barometer of macro consumption. If U.S. stock market consumption resilience is confirmed, risk appetite is unlikely to reverse sharply. BTC is digesting short squeeze chips around 87,000, with resistance at 87,500-88,000 and support at 84,000-85,000.
Watch for special dividend signals; Q4 cash balance is expected to be 20.4 billion. $BTC $ETH $DOGE 🚨 $AKE — STOP FADING THE PUMP. The unlock narrative might not be as simple as you think. 👀
Woke up and saw $AKE pushing higher again, getting close to the $0.06 area.
Everyone keeps saying: “Unlock = sell pressure.”
But markets rarely work that cleanly.
If every unlock automatically meant dumping, then why did $ALLO and $LAB hold up instead of immediately getting crushed?
$LAB even stayed relatively sideways around $15 during its unlock period.
#DailyOrbit On the chessboard, the most dangerous thing is not the opponent's check, but that you dismantle your own pawn chain out of fear of the check.
$RE dropped 8.88% in 24 hours. Most see lost ground, but I see the opponent committing all heavy pieces to the king's wing—this kind of offensive theoretically must be exchanged for material. The current price has been pushed to the short-term Bollinger Band 4% level, with only a 0.7% buffer to the lower band; the mid-term Bollinger Band is at 22%, still leaving 9.8% depth to the lower band. This is not a crash; it's forcing you to make the first move and sacrifice pieces.
The short-term RSI has fallen to 28.9, deeply oversold; the long-term RSI holds steady at 60.6, with the midline structure intact. This is a typical scenario of a vanguard pushing forward while reinforcements have yet to move—the weak are the front line, the strong control the whole board.
Looking at this week's move order: from the heavy selling pressure zone above, the price has been pushed down step by step. The bears press forward like pushing pawns but have yet to make a decisive move. The worst scenario here is not continued killing but sideways consolidation: in a state of insufficient moves, the side forced to act first is often the one with no way out.
I never chase prices with my moves. The 0.48 level means conceding 5.5% from the current price to gain a clean pawn structure and wider breathing room. The mid-game first target is 0.62, a +22.2% gain, which is the first step to regain initiative after exchanging pieces; if the opponent continues to miscalculate, 0.66 (+31.1%) is checkmate. The bottom line is pinned at 0.43 (-15.1%)—once the king's safety line is broken, sacrifice and concede defeat, no stubborn fighting, no averaging down, no looking for exceptions.
The odds are clear: down 15.1%, up 22.2% to 31.1%, a risk-reward ratio of about 1.5 to 1 or 2 to 1. Grandmasters never expect to win every game, only that each move accumulates positional advantage into an endgame crush.
📈 Long:
Entry: 0.48 (current price -5.5%)
Take Profit 1: 0.62 (+22.2%)
Take Profit 2: 0.66 (+31.1%)
Stop Loss: 0.43 (-15.1%)
The real watershed is never the 28.9 reading, but whether you treat the price returning to 0.48 a second time as a trap or as the initiative. #strategyplaybookSomeone on Hype got liquidated for 20.86 million in a single trade.
In the past 24 hours, the entire network saw liquidations totaling 1.059 billion, with 137,000 people wiped out. The largest single liquidation was on Hyperliquid, BTC-USD, 20.86 million. One person.
Honestly, my first reaction wasn’t "that person is really unlucky," but "how dare they open such a huge position."
Anyone who’s played on Hyperliquid knows the place. No KYC, no customer service, no risk control to stop you. You open as big as you want, it accepts it. Big funds like it because no one manages you. But precisely because no one manages you, when you get liquidated, no one is there to save you.
20.86 million is not a small amount. This person is very likely not a novice. Someone who can put up that kind of position has the experience, capital, and mindset in place, yet they still got liquidated. What does this mean? It means that sometimes experience can’t help you against leverage. You think you can escape, but the market says you can’t.
This kind of thing happens every market cycle. Some people get rich, some lose everything overnight. The difference isn’t who’s smarter, but who controls their actions at critical moments.
This 20.86 million is the price of not controlling your actions.
Let’s discuss in the comments, why do you think they opened such a large position?
$BTC $ETH Year to date, Pump.fun's related revenue has reached about $322M, but Ajian believes that the performance of $PUMP corresponding to such a high-revenue protocol does not match; look at how much more promising $HYPE is. Once again, it’s clear that making money from the protocol and making money from the token are two different things. The projects most easily overestimated are not those without revenue, but those with revenue whose value capture is unclear 🤡HYPE Approaches $100: Valuation Soars Supported by $430 Million Annual Revenue
OKX data shows $HYPE continues to consolidate strongly above $93, with the $100 mark within reach.
Ecosystem data is booming: daily active addresses have surpassed 283,000, setting a new all-time high, fully unlocking valuation potential in the derivatives sector. What truly supports the high valuation is its astonishing cash generation ability—Hyperliquid's protocol revenue reached $429 million this year, ranking first across the entire network and leaving protocols like Pump.fun far behind. The positive flywheel of "trade explosion—fee retention—ecosystem reinvestment" has already taken shape, and its cash flow structure is redefining the business paradigm of exchanges.
Under the surface, chip-level currents are stirring. On-chain tracking shows a major whale just withdrew $9.36 million in spot assets via FalconX; top smart money holds $132 million in long positions, with nearly $80 million unrealized profit on a $38 cost basis, yet refuses to take profits. However, in front of the $100 threshold, short-term profit-taking pressure is building.
Technically, $100 forms a strong psychological resistance. The $85–$88 range serves as the first neckline defense, and in extreme cases, the $73–$75 liquidation zone for smart money is the last stronghold. Although the main upward wave is healthy, the risk of a bull stampede is simultaneously heating up. #BTC冲高$87000，加密总市值重返3万亿 #财报观察员：好市多Q4财报即将公布 BTC/ETH Compliance Narrative vs ZEC Profit-Taking Crash
BTC surged to around 87,300, ETH also pulled up to 2,800, but ZEC bucked the trend, plunging nearly 1.8% directly down to 1,472. It looks chaotic, but the logic is actually very clear.
BTC and ETH are following the "institutional compliance" logic. BTC's surge is driven by continuous inflows into spot ETFs—on Monday alone, net inflows approached $1 billion, marking the ninth largest single-day record since the ETF's launch. The total net asset value of US spot ETFs has climbed back above $100 billion. Corporate treasuries are also steadily increasing their holdings; Strategy and Strive acted counter-trend after prices broke through 86,000, directly reversing the sector's unrealized losses. Additionally, Wall Street expects short-term Treasury issuance to exceed $1 trillion in the coming year, fueling market expectations for renewed liquidity easing.
ETH's rise is even stronger because institutions like BlackRock and Fidelity are pushing Ethereum staking ETFs. BlackRock's iShares Staked Ethereum Trust is already operational, and Fidelity has submitted amendments to allow its Ethereum ETF to stake up to all holdings and distribute 85% of staking rewards to the fund. Capital is buying into its "yield-generating asset" attribute.
ZEC is lagging due to heavy profit-taking. It has risen about 25 times in the past year, with a 160% surge in just one month, leading to overcrowded short-term speculative funds. Now, with market fluctuations, profit-taking is concentrated, and the recent NU7 upgrade vote has just passed, meaning the positive news is fully priced in. Early position holders have thick profits that can heavily suppress the market.
My judgment: this rally is not emotional speculation but capital clearly choosing "compliant, yielding, and practically applied" assets. BTC holding 86,000 and ETH holding 2,700 means no short-term collapse; ZEC's volatility is too high, so avoid bottom-fishing short-term and wait for it to form a bottom structure around 1,400 before considering.
Strategy: Hold spot BTC and ETH firmly, wait for ZEC to stabilize. Don't chase highs; current indicators are already elevated.
$BTC $ETH $ZEC
#BTC冲高$87000，加密总市值重返3万亿
#Strategy再度增持，财库同步加仓
#财报观察员：好市多Q4财报即将公布 一觉醒来，$ETH 已经冲到 2700+，多头气势依旧很强。近期确实有大资金持续增持 ETH，甚至出现巨鲸将 BTC 仓位换成 ETH 并进行质押的链上动作，单笔资金规模达到数千万美元。 📈 从 2400 → 2800，短期已经完成约 16.7% 的反弹，行情明显进入高波动区间。当前价格越往上，追空的风险也越高，与其看到上涨就直接开空，不如等待冲高后的回落和确认。 ⚠️ 策略思路： 不要单纯依靠“不断加仓摊低成本”来扛空单。若 ETH 继续突破并站稳关键阻力，连续补空可能快速放大风险。更稳妥的观察重点是：冲高后是否出现放量回落、关键支撑是否失守，以及 BTC 能否维持强势。 🌐 市场同步升温： BTC 昨日一度突破 86,000 美元，创今年1月以来新高；ETH、SOL也同步走强，整体加密市场总市值一度升至约 2.76万亿美元。 📊 截至9月22日，市场数据显示： • $ETH：约 2722美元 • $SOL：约 116美元 • $BTC：约 84672美元 🔥 重点不是猜顶部，而是等确认。 ETH 如果继续向 2800 → 3000 推进，空头需要更加重视仓位和风险控制；如果BTC surged to $87,000, and the bears really can't hold on this time
BTC shot up to $87,000 in one go, hitting a nearly 8-month high.
The most notable thing isn't the increase itself, but that despite the Fed's rate hikes and setbacks in crypto legislation, BTC wasn't crushed; instead, it broke through the long-standing $80,000 resistance. When a market starts ignoring negative news, it usually means the buying power is stronger than expected.
Funds haven't been idle either. The US BTC spot ETF saw inflows of about $433 million last Friday, and BTC has risen over 30% since August 19. After the price breakout, those who shorted earlier had to cover, and those waiting for a pullback started chasing, pushing the market higher step by step.
In the short term, the key level to watch is $80,000. Holding this level likely means the market will test $90,000 next; if it falls back below, then profit-taking might occur.
My view is simple: the trend has turned bullish, but don't go all in just because of a big green candle. If the bull market really arrives, it's not about missing the ride, but about not getting too excited right after boarding and mistakenly treating leverage as a seatbelt.
(But to celebrate this rally, I still opened a 5x BTC long position, just for fun)
Whether BTC can hold above $90,000 is still unknown, but the crypto community chat, dormant for half a year, has already declared the bull market's return.
#BTC冲高$87000，加密总市值重返3万亿 Applying gold foil to an adobe wall without load-bearing walls, it still remains an adobe wall—$PEPE's 9.45% 24-hour surge is that very wall being gilded.
I've reviewed too many blueprints and fear most when a client hands over a rendering as the final construction drawing. This 9.45% single-day rise of $PEPE is just an over-rendered effect image. What truly determines whether a building stands is never the gloss of the facade, but the depth of the pile foundation, reinforcement ratio, and continuous shear walls. I've gone through this project's whitepaper; the design drawings are flashy, but the underlying structure is largely missing—a typical decorative curtain wall project.
First, look at the stress distribution. The 1-hour RSI has surged to 67.19, surpassing my short trigger red line at 64, which structurally indicates stress concentration: it’s not that the structure has strengthened, but that the entire load is pressing on a single node. The daily RSI is 60.71, still pushing into the pressure zone, with both timeframes showing highly consistent stress directions.
Next, consider the clearance margin. The current price is only 3.20% below the 1-hour Bollinger upper band, with 9.86% room to the lower band; the 4-hour upper band is even lower, just 0.44% above, almost touching the floor slab. I call this shape "no beam on top, no column below"—no supporting structure above, but a 9.86% to 11.02% cavity below. Once the load is removed, the infill wall will collapse first.
My blueprint does not chase gains. Entry is set at a level 7.24% above the current price, effectively waiting for another load to press on the cantilever end, causing the structure to destabilize itself. Stop loss is set 11.83% above entry, which is the seismic redundancy displacement of this scheme; exceeding it means my stress assumptions are wrong, and I exit immediately. Two take-profit levels are set 19.24% and 17.03% below entry, corresponding exactly to the 4-hour lower band at 11.02% and 1-hour lower band at 9.86% settlement zones—these are the weakest foundation layers and the price levels where a rebound is inevitable.
$PEPE has never lacked traffic; it lacks load-bearing walls. Without sustained reinforcement development capacity to support it, the market cap is just a supertall bubble concrete building—the higher it goes, the more thoroughly it collapses.
📉 Short:
Entry: 0.0(5)3154 (current price +7.24%)
Take Profit 1: 0.0(5)2547 (-19.24%)
Take Profit 2: 0.0(5)2617 (-17.03%)
Stop Loss: 0.0(5)3527 (+11.83%)
The exterior wall of this building is still reflecting light, but my inclinometer is already reading a tilt.Saudi Arabia loosens up! Yanbu port will "soon" resume oil loading, can Bitcoin catch a breather?
1. Core event: informal assurance, but no timetable
① Saudi Aramco has informally notified several Asian refiners that oil loading at Yanbu port on the Red Sea will resume soon.
② However, no formal notice has been issued, nor is there a specific timetable—just verbal "reassurance."
③ Background: On September 10, the East-West oil pipeline was shut down due to a drone attack, causing near-total halt of loading at Yanbu port; the pipeline transports about 4 million barrels per day.
2. Market impact: supply expectations improve, oil prices under pressure
① If resumed, oil prices are expected to fall, easing inflation expectations and marginally reducing Fed rate hike pressure.
② Risk assets get a breather; Bitcoin and Ethereum sentiment is mildly positive in the short term.
③ But "informal assurance" does not equal implementation; the geopolitical powder keg remains and could flare up again anytime.
3. Strategy: don’t mistake "soon" for "already"
① Short-term sentiment boost, but don’t chase highs; wait for confirmation of actual recovery.
② In the long term, energy supply restoration helps global liquidity improvement, but the process will be bumpy.
③ Control your trades, don’t hold positions recklessly; surviving is key to catching the next wave.
Key summary: Every signal of supply restoration is a blessing for the market. But the word "soon" from Middle Eastern mouths never really counts. Don’t rush to get excited; wait until the oil tankers actually dock before making a move.
$BTC $ETH How much "faith" does $CORE still have?
Four years have passed, and $CORE has fallen from being highly anticipated to being avoided by everyone. The coin price has dropped by three to four hundred times, and even the most loyal holders have begun to doubt: is this a technical experiment or a carefully designed harvest?
The project team keeps claiming to be "Bitcoin-related," yet they cannot produce a truly practical application. One presentation after another, one wave of good news after another, but the price keeps falling. Meanwhile, a large number of tokens have flowed out from the team’s addresses, repeatedly crushing market confidence.
We can’t help but ask: do you really want to build an ecosystem, or do you want to cash out? If it’s the former, why have there been no products in four years? If it’s the latter, why use "faith" to manipulate users?
A truly good project’s value will show over time, its price will rise with consensus, and users will stay because of profits. But $CORE is taking the opposite path—the more it’s hyped, the more it falls; the more it falls, the more it’s hyped; and the fewer people remain.
Now, it’s time to use the treasury to support the price. No need for more conferences or empty promises; the price itself is the best advertisement. If there isn’t even this much sincerity, then the so-called "Bitcoin ecosystem" is just a fig leaf.
Faith is not for consumption, and users are not for harvesting. $CORE, please prove with actions that you are still worthy of trust.
#OKX星球话题来啦 After Bitcoin stood above 85,000, Meme led the rally
PEPE rose 25-28% in 24 hours, back to about $0.00000515, with trading volume surging to a billion dollars; DOGE up 13-15%; PENGU up 8-13%
This is not a new fundamental, but a standard rotation after risk appetite warms up
The market's short sellers were liquidated and forced to cover, sentiment shifted from fear to greed, and money went to the most elastic assets
Meme criteria: active market cap, light narrative, dense leverage
//
$PEPE has the greatest elasticity, with both spot and futures positions increasing, open interest and volume doubling, appearing like a short-term trend reversal
But RSI is already overbought, indicating this is an emotional acceleration, not fundamentals
$DOGE is the sector's barometer; its rise means the entire Meme risk curve has opened, and funds are not just rotating within ultra-small caps
$PENGU is socially driven, with turnover relatively high compared to market cap, and it retracts quickly when heat cools down
//
How long this lasts depends on two things: whether BTC can hold 85,000, and whether funds shift from "exploding today" to sustained rotation
What to watch now is not who rises 20%, but whether volume can be maintained
The turning point of the Meme market is often not bad news, but when trading volume quickly shrinks after a surge
Fees and data should be based on official sources; do not trust secondhand reports, including this one.最近AI股越涨越猛，很多人第一反应还是：英伟达还能不能买？ 但我觉得这个问题已经有点过时了。 AI行情真正有意思的地方，是第一轮卖铲子的人已经赚得盆满钵满，第二轮开始有人给“铲矿、运矿、供电、降温”收费了。 英伟达卖GPU，赚的是最直接的钱。 但问题来了——GPU越多，数据中心越大，电力、网络、光模块、服务器、散热就越缺。 所以现在看AI，不能只盯着芯片。 第一条线：电力 这是我最近觉得越来越有意思的一条线。 AI数据中心不是普通写字楼。 一座大型AI数据中心，可能直接变成一个巨大的“吞电怪兽”。 GPU继续增加，训练规模继续扩大，AI Agent开始大量运行，最后都会变成一个非常朴素的问题： 电从哪来？ 所以GE Vernova、Vistra、Constellation Energy、Bloom Energy这些电力相关公司开始进入市场视野。 尤其是核电、天然气发电、分布式能源、电网设备这些方向。 AI再聪明，也得先插电。 第二条线：网络和光模块 这个可能是最容易被普通投资者忽略的地方。 以前大家觉得AI就是： GPU越多越牛。 现在的问题已经变成： 这么多GPU之间，怎么让它们高速A Garrett Jin-linked address has reportedly closed its entire ~38,000 $ZEC short position, realizing a loss of more than $35 million. The position was closed through market orders over roughly 1.5 hours, during which $ZEC climbed about 2.7%, from approximately $1,490 to $1,530. Interestingly, the same address reportedly held around 202,000 $ZEC in spot and did not sell those holdings after closing the short. That raises the possibility that the short was at least partially serving as a hedge agaWhen the market fluctuates, I only look at these three signals
First, see if BTC is driving ETH and altcoins in sync, or performing solo. A solo rally often raises doubts about its sustainability.
Second, observe the volume near key previous highs and lows. A breakout with increased volume and a false breakout with decreased volume are two different things.
Third, check the funding rates and liquidation concentration zones. When sentiment is too uniform, the market often reverses first.
Don't let a single bullish candle change your belief, nor let a single bearish candle scare you. Analysis is not about shouting trades, but about planning ahead: if it goes this way, how do I respond; if it goes that way, how do I retreat. What I am most focused on right now is this "capital echelon"
You can understand the current ETF market as:
First echelon: $BTC ETF
Largest capital scale, determines the overall market direction
Second echelon: $ETH ETF
Determines whether the market trend spreads from BTC to mainstream assets
Third echelon: $SOL / XRP
Determines whether institutional risk appetite further spreads to high Beta assets
Fourth echelon: ZEC and other small-cap ETFs
More reflective of specific narratives and capital rotation
This actually aligns very well with the coin price structure we just analyzed.
Regarding today's market, I interpret it this way
The most important thing now is not "how much the ETF rose today," but:
Whether the BTC ETF can maintain net inflows for several consecutive days.
If it happens that:
9/18 +430 million → 9/21 close to 1 billion → continued positive inflows afterward
Then this will clearly enhance the sustainability of BTC's current rebound.
Conversely, if on 9/21 there is a large inflow close to 1 billion USD, but then it quickly reverses to:
-300 million, -500 million, -700 million
Then yesterday's big surge needs to be reconsidered for how much of it was short-term short squeeze rather than sustained spot capital allocation.$SNDK's stop-fall signal has not appeared yet, with a slight drop on increased volume; the support around this position is very strong🚀 XRP rose 8% in two days, this wave really has something.
The market first ignited: BTC surged to 84,000, ETH stood above 2,700, and the total crypto market cap returned to 2.99 trillion, risk appetite is back. XRP followed the rise but outperformed most of the top ten coins, and it also has its own catalysts.
🔥 The core is XRPL Batch V1.1. Validator consensus has reached 85.71%, with the mainnet activation as soon as September 29. Multiple transactions are packaged into atomic operations, all succeed or all fail, designed specifically for institutional currency-asset matching. RippleX also announced that key asset management partnerships will be disclosed upon launch.
🏦 On the same day, Absa launched Africa's first bank-grade digital asset custody, using Ripple's custody technology at the core, adding another institutional adoption narrative.
📈 Shorts were also dealt with: futures short liquidations surged to $665 million, funding rates remain positive, and buying is ongoing.
📉 Technicals: RSI dropped to a 13-year low, oversold near 1.30, then bounced to 1.49-1.54, reclaiming the 20/50/200-day moving averages. Peter Brandt gave a long-term target of $5.40.
$ETH $BTC $XRP
⚠️ Don't get carried away: there are real catalysts and short covering. Whether the upgrade on September 29 is on time and whether institutions will use it will decide if the rally can continue. #BTC冲高$87000，加密总市值重返3万亿 #Strategy再度增持，财库同步加仓 #财报观察员：好市多Q4财报即将公布 Arc's mainnet documentation adds post-quantum wallet signature support based on SLH-DSA-SHA2-128s, but with an optional mode. This detail is more worth noting than the term "quantum-resistant": whether security upgrades can be implemented depends on whether wallets, hardware devices, and applications can migrate together. The real threat to quantum computing is public-key cryptography. If attackers can derive private keys from public keys in the future, they may forge transaction signatures. For long-held RWAs and institutional wallets, the question is not whether they will be cracked today, but whether the exposed keys and on-chain data can survive safely until migration is complete. Arc's approach is to first provide accounts with new signature paths, then gradually process privacy data, node communications, and validator signatures. This approach is more realistic because post-quantum signatures are usually larger than traditional signatures, requiring hardware wallets, MPCs, custodial systems, and transaction encoding to be readapted. Therefore, when users see "support for post-quantum signatures," they shouldn't just look at the algorithm name; they must also confirm three things: whether the wallet can create and restore new accounts, whether the hardware or custody system supports it, and whether old assets can be securely transferred during migration. The Arc document also clearly reminds that hardware wallet support takes time, and standards and tools are still evolving. Post-quantum security is not a one-time upgrade button but a process of compatibility with old systems, asset migration, and infrastructure replacement. For RWAs, smooth key changes are just as important as which algorithm is chosen. #Arc #钱包安全 #后量子密码$SOL ETF: The fund size is not large, but the trend is good
Farside's latest chart shows that as of September 21, the Solana ETF has a cumulative net inflow of about $1.411 billion; among them, BSOL has a cumulative inflow of about $1.09 billion. On September 18 alone, the SOL ETF had a net inflow of about $47.6 million.
This data is very interesting:
The absolute scale of the SOL ETF is of course still far smaller than BTC/ETH, but considering that the SOL ETF market was established much more recently, the speed of capital absorption is not weak.
So when you asked me to analyze SOL yesterday, I thought it currently belongs to:
$BTC trend → $ETH confirmation → SOL high Beta diffusion
An important link in this chain.$BNB failed to break through 807 four times, yet someone is holding tight at 784?
Brothers, BNB's move today is actually quite interesting. The market has clearly shown the attitudes of both bulls and bears. The price surged steadily earlier, breaking through the previous high near 807. We originally thought it would continue to push higher, but after a pullback, it returned to around 807. It tried to break through several times consecutively but still couldn't hold firmly.
Failing to break through a level after four attempts indicates significant selling pressure above. Those who bought at lower prices naturally choose to take profits at this level, since unrealized gains are just numbers on a screen. But interestingly, after the price dropped to around 784, there was no obvious breakdown; instead, it started to oscillate. This means there are buyers supporting at the bottom as well. So now BNB is like two people arm wrestling at the door: selling pressure near 807 pushing down, and support near 784 holding up, neither willing to concede first. I don't like to chase in such a market; I'll wait for it to show its stance.
My approach is: if it can stabilize above 786 again, consider going long with the trend, targeting around 795 first. Watch the support and wait for confirmation. The market doesn't only offer opportunities when it runs away; chasing and getting stuck is really just warming the market. #Strategy再度增持，财库同步加仓 In the past 24 hours, BTC strongly broke through $85K, briefly surging near $87K, while large-scale short liquidations occurred in the market. Data shows that about $746M of leveraged positions across the market were liquidated, with shorts around $648M, indicating that this rally was clearly driven by short covering and forced buying. More noteworthy is that while BTC rose, open interest (OI) also rebounded. This means some of the removed leverage has not fully exited the market, but new funds are entering the market again, and short-term leverage may be accumulating rapidly. 📌 Next, focus on watching: If BTC can hold between $85K and $86K and funding rates gradually return to normal, it suggests that market leverage pressure may be being released; But if prices continue to rise and OI expands rapidly in sync, while funding rates are clearly bullish again, caution is needed due to excessive concentration of rally chasing leverage. Additionally, yesterday the US spot BTC ETF saw a net inflow of about $617.6M, indicating that this rally is not solely due to contract squeezing, and spot demand is also providing support. 🔥 BTC: Strong price ≠ can be chased blindly. What is truly worth watching now is: whether the price can hold + whether ETF funds are sustained + whether OI/funding rates are healthy. $BTC → Break out to see continuation; overheated leverage to avoid pullbacks. #BTC #Bitcoin #Crypto #BTCUSD #加密货币 #比特币$BTC ETF: Currently the most important signal
The changes in BTC ETF are very obvious now:
Early stage capital outflow → Recovery starting mid-September → Recently a very strong concentrated inflow.
On September 18, BTC spot ETFs had a net inflow of about $433 million, and on that day, none of the major BTC ETFs had net outflows; FBTC about $311 million, IBIT about $108 million.
By September 21, media reported that the single-day net inflow according to SoSoValue statistics further reached about $999 million.
This highly coincides with BTC's price breaking through $85,000 yesterday.
Simply put: This rise is not purely driven by contract market short squeezes. Spot ETF funds have also clearly re-entered the market. $ETH $DOGE SlowMist calls out recruitment poisoning: Running RoyalCity locally ≠ interview assignment
SlowMist calls out a wave of recruitment poisoning: impersonating a Web3 company, stuffing a project called RoyalCity into remote interviews, asking you to deploy, build, and run it locally — browser login state, wallet extension, local files, clipboard, and even remote control on the side. The errorHandler also hides a server backdoor capable of pulling code execution.
Don't mistake "get the product running first before discussing details" for a legitimate assignment. The fake recruitment GitHub poisoning in July used this exact trick; today it's just a different project name. Always throw unfamiliar repositories into a virtual machine first; don't npm install or build on your daily work machine.
There's only one trap: if the interviewer urges you to run it locally, the more urgent they are, the less you should run it.On September 7, a wallet associated with Garrett Jin closed about $107 million worth of BTC long positions, reportedly realizing a profit of around $1.02 million.
Then what?
He still holds approximately 39,760 ZEC short positions, with a nominal value of about $47 million, currently at an unrealized loss of around $24 million.
The most interesting part is that he had previously continued to increase this losing position.
Thus, a classic scenario in the crypto world emerges:
Profitable positions are closed first.
Losing positions are continuously added to.
Binance, citing on-chain data, even pointed out that this pattern of operation looks very much like that of ordinary retail investors.
So sometimes you realize:
The difference between whales and retail investors might just be losing a bit more.Strategy disclosed buying another 950 BTC last week (average price about 79,700), and Strive also added about 1,355 BTC (around 79,500). The market is now above 85,000, so they are showing unrealized gains on their books.
But this doesn't mean you can chase the current price at their cost:
• The treasury bought at the low points during the disclosure period, not signaling the market price for you
• The next report will tell you whether they dare to keep buying after it rises to 86,000
• Company hoarding coins ≠ guaranteed short-term rise; position sizing should still follow your own defense line
It's fine to be happy when you see "increased holdings," but before placing an order, ask yourself: Am I following their cycle or my own emotions? ETH reached a high near 2810 overnight, and after a rapid rally, entered a phase of high-level consolidation digestion. The market is still in a strong range, but in the short term, attention should be paid to whether key support can hold. 🔹 2730–2750: First Support Zone This area is where resistance turned to support and serves as the dividing line between short-term bulls and bears. - If ETH can hold steadily between 2730–2750, the current upward structure remains intact, and the price may continue to consolidate at high levels and attempt to open up new upside opportunities. - If this area is effectively broken, attention should be paid to the next structural support at 2670–2680. ⚠️ Key Observation Level: 2670 If high volume breaks below 2670, the short-term rebound structure will be clearly damaged. At this point, don't guess the direction in advance or rush to bottom-fish. Wait for new candlestick structures and confirmation signals to form before considering your next move. 🧠 Trading Mindset: Missing the sell point doesn't mean you must catch up. Repeatedly missing take-profit opportunities at high levels is a very common psychological pressure in trending markets. Selling early during an uptrend and then the price continues to rise can easily lead to "missing out" and regret, leading to two risky behaviors: ❌ chasing the high ❌ to recover your position, or holding out out of frustration without stop-loss. The most important thing now is to rebuild your trading rhythm. If you don't have a suitable structure, just wait patiently; don't change your plan just because of FOMO. 🔥 Continue tracking 1️fundamental events ⃣ October 6 | Ethereum GSOL touched around 117, shorts were liquidated about 21.59 million in one day
Total liquidations about 23.72 million, over 90% hit the shorts
According to CoinGlass data, in the past 24 hours, SOL liquidations were about 23.72 million USD, shorts about 21.59 million, longs only about 2.08 million, approximately 3,968 people were liquidated, the largest single liquidation about 970,000. After the price broke through the resistance level, shorts covered, pushing the gains up another layer
On September 18, the US spot Solana ETF saw a single-day inflow of about 47.62 million, almost all Bitwise's BSOL. Everyone is now definitely more concerned whether the area around 117 can hold, and whether the spot channel will continue after squeezing the shortsIn the past 24 hours, the crypto market experienced large-scale liquidations. Public data shows that market liquidations approached $900 million, with short liquidations accounting for the vast majority; BTC itself also saw shorts in the hundreds of millions of dollars. BTC once broke through $86,000, peaking at about $86,500, with a 24-hour increase close to 7%. This means this rally is not only driven by spot buying; short covering and leveraged squeeze are also important fuels. More notably, Bitcoin ETF funds have recently improved again. Last Friday, the US spot BTC ETF recorded a net inflow of about $433 million, while Strategy continued to increase its holdings in BTC, further strengthening the buying backdrop in the market. But here's a key difference: short squeezes ≠ trend is always upward. When a large number of bears have been forced to exit, the "fuel" driving the price to continue surging may actually decrease. What really needs to be watched is whether BTC can form effective support above $86,000, and whether bulls are still willing to take over after a pullback. 📌 Short-term trading approach: If BTC continues to rise, it is not recommended to chase the rally out of fear of missing out. Key points to watch: • Can resistance around 86,000 turn into support • After pullback, does trading volume hold? • Whether open interest is rapidly accumulating again • Whether funding has clearly shifted to extreme positive values • Whether ETF funds continue to maintain net inflows If prices rise but leverage increases wildly in tandem,$ZEC whale closes 38,000 short positions with losses exceeding $35 million. According to on-chain data tracing, this trader is @GarrettBullish on platform X.
He opened a short position of 38,000 ZEC on Hyperliquid at an average entry price of $671, and closed all positions around $1459, incurring a loss of approximately $35.44 million.
However, this does not mean an overall loss. On-chain data shows he holds 202,000 ZEC spot, transferred out from Binance 9 months ago at a cost of about $437, with current spot unrealized gains exceeding $200 million. Essentially, he is using spot holdings to hedge with high-leverage trading.
This trader has profited multiple times shorting ZEC this year, continuously adding to shorts after establishing positions in June, reaching nearly 40,000 at peak. Unfortunately, the recent sharp rise in ZEC forced a strong short squeeze.
The recent ZEC rally is not purely speculative: ZCSH has seen a cumulative net inflow exceeding $233 million since launching in August, and in September announced a 3:1 stock split plan.
The whale’s short position closure means the largest short pressure on ZEC has been released. Going forward, key focus will be on ETF funds, spot holdings, and high-leverage positions. If capital continues to flow in, shorts remain at risk of being squeezed; however, the recent sharp rise also warrants caution when chasing highs.
#ZEC whale closes 38,000 short positions, losses exceed $35 million
⚠️ Risk warning: The above is a summary of on-chain information only and does not constitute investment advice. Rushed up to around 87,000 then fell back to the 85,000–86,000 range, the public source looks more like the first round of profit-taking, not an immediate trend reversal.
I'm personally watching two things (not a trade call):
1. ETF: On 9/21, the single-day net inflow according to public data was about 618 million, with a cumulative amount of about 1.2 billion over the past three trading days—whether spot continues to absorb.
2. Leverage: After breaking through 82,000, futures OI according to public sources reportedly added about 2 billion, with total scale above 31 billion—bulls shouldn’t pile themselves up as fuel for the next round.
A healthy scenario isn’t to immediately leverage up to 90,000, but to digest around 85,000–87,000 for a few days, with ETFs still active and OI not soaring too fast.