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$RSR Observation: The bulls are indeed strong, but this ride is very bumpy
Sharp-eyed friends, RSR surged from 0.0015 straight up to 0.0025, a nearly 50% spike, the bulls are definitely flexing on the chart.
Looking at the data, CVD is inflowing 2.76 million, buy orders at 3.42 million outweigh sell orders at 3.15 million, the bullish momentum is strong.
But behind the excitement, be cautious. After the 1-hour chart hit 0.00258, it left a long upper shadow, RSI soared to 74, extremely overbought, and the MACD red bars are shrinking.
This indicates very rich profit-taking below and selling pressure starting to push back above.
Strong pulls at high levels often come with intense shakeouts, with wicks up and down depending entirely on the whims of the market makers.
Currently facing is the bulls' selling pressure to close positions; if it triggers a chain reaction of selling, the bears might just have a chance to fight back!$SNDK Let's go! I'm ready to be stuck! Keep adding positions. After seeing the storage sector in our A-shares drop like 🐶 today, there aren't many who dare to add positions against the trend, count me in! Looking at SanDisk's market, it has already dropped 2% before the market opened. I expect it to fall to around 1520 after tonight's opening. This position is the neckline support level; last time it plunged sharply, it also stopped falling here. Let's see if it can hold tonight! Today another group shows more obvious divergence: OKB has dropped back to around 124, HYPE returned to $85, and ADA has fallen nearly 3% in 24 hours. The directions that were most resistant to decline a few days ago are now catching up with the drop, but the problem is that the three are in completely different positions—one is still on a high-level platform, one is adjusting from a historical high, and one hasn't even fully established a rebound trend.
#SmallCoinsEnteringSecondReshuffle
#ResistantAssetsStartCatchingUp
$OKB is currently around 124.1, down nearly 2% in 24 hours, with 123–124 having become the most important support again; if it holds, first look at 126, and only after truly stabilizing at 127–128 should 130 be discussed. If it breaks below 123, watch out for another retest near 120.
$HYPE is currently around 85.4, still about 13% down from the historical high of 98.04, with 84–85 continuing as the first defense; look upward to 87–88 first, and only after truly reclaiming 90 can it be considered to have broken free from the recent structure of continuously lower highs.
$ADA is currently around 0.248, down nearly 3% in 24 hours, with 0.245–0.248 as the first support, and 0.255 above to watch; only after truly stabilizing at 0.26 can it be considered to have turned strong again.
This lineup: OKB holds 123, HYPE waits for 88, ADA waits for 0.255. Now it's not about who has fallen the most to buy, but who first raises the lows again, who truly regains the initiative. $PUMP shorted at 0.0005643, 50x short position gained +85.94%, the reverse also took off.
Sell orders piled up at 0.0005643, there is pressure on the order book. Large funds are retreating, the direction is becoming clear. Market response: 0.0005643 dropped to 0.0005547, floating profit +85.94%! Capital outflow = selling pressure, the decline is confirmed.
Funds decide whether to stay or leave. Panic is fear of a rebound, loss is bottom fishing.
Take 60% profit, keep 40% break-even follow-up. Don’t rush if it doesn’t rise, watch the pressure orders at 0.0005643, I’m monitoring the order book. $BTC $ETH #CPI与PPI公布在即，加息预期迎考验 Here are the results first: $ONDO long position, opened at 0.4816, current mark price 0.5053, floating profit 246.05%, still holding.
Actually, the market looked bad when entering this trade. The daily chart fell steadily from 0.60 to around 0.44, with consecutive bearish closes, looking like the trend was going to break down. But what I focus on is not how much it has dropped, but whether the market is willing to keep pushing down after reaching that level.
Around 0.44, the price started to stabilize. Every time it tested lower, it was quickly pulled back, leaving shadows on the candlesticks. This detail is very important—the previous profit-taking was almost fully released, and new buying support began to appear in this range.
Whether an uptrend has ended is never judged by the retracement size, but by whether anyone is willing to buy after the drop. At ONDO’s level, the signs of support are clear.
I entered a long at 0.4816 with 50x leverage. Later, the price gradually climbed back above 0.50, the short-term moving averages turned up again, and the feeling of capital inflow emerged. It’s not a sharp rally, but a steady upward correction, which is easier to hold. $BTC $STRK #CPI与PPI公布在即，加息预期迎考验 4,393 $ETH Transferred to Kraken: What Can On-Chain Evidence Actually Prove?
The market is discussing whether the Ethereum Foundation sold ETH, but there is a significant evidence gap in this incident.
According to on-chain monitoring by Lookonchain and EmberCN, two addresses related to the Foundation's early fund allocations transferred a total of 4,393 ETH to Kraken, valued at about $11.13 million at the time.
The historical funding sources of these addresses can be traced back to an allocation of 59,751 ETH about ten years ago.
It is worth noting that the Ethereum Foundation's treasury policy announced in 2025 does allow periodic sales of ETH according to operational funding needs.
However, these two facts cannot be directly linked.
Historical fund associations do not mean the Foundation still controls them; official permission to sell does not mean this transfer was a sale.
Currently, the event is more likely defined as a "noteworthy exchange inflow" rather than a confirmed Foundation sell-off.
If verifiable actual transaction records appear later, or the Foundation confirms the transaction purpose, a reassessment will be necessary.
Before evidence emerges, counting the entire transfer amount as market sell pressure is not rigorous.20:19 Turned off group messages, $ETH 100x long position opened at 2508.19, now at 2542.17, floating profit +135.47%, very comfortable.
Logic: ETH broke through the dense resistance zone around the 2500 moving average with volume, daily chart shows a bullish divergence. Technicals and sentiment resonate, I opened long when it pulled back to confirm at 2508.
Short-term overbought, resistance test at 2550; trailing take profit at 2520 to lock in gains, reduce position if price stalls, reassess adding back on pullback to 2500. $W $FIL #CPI与PPI公布在即，加息预期迎考验 In July 2026, Brave officially released BAT Roadmap 4.0, marking BAT's transformation from a simple advertising incentive token to a payment infrastructure. The roadmap plans for the Brave Rewards physical card (earn BAT through daily spending), the BravePay stablecoin payment protocol, and support for AI agent micro-payments (x402/MPP protocol). Coupled with the fundamental of Brave browser's monthly active users surpassing 120 million, the market began to reprice the practical value of $BAT, with substantial capital inflows.
Following the trend, I went long on BATUSDT perpetual contracts on OKX. Opened a position at an average price of 0.14363 with 20x leverage, currently holding, with the mark price rising to 0.15576, floating profit of 168.90%.
The ecosystem transformation triggers a value reassessment. However, the 20x leverage has a very low tolerance for errors; even a slight adverse spike can lead to liquidation. Avoid blindly chasing highs and pay attention to risk control. $SOL $BTC #CPI与PPI公布在即，加息预期迎考验 FOMC in 5 days - Market will be volatile
My strategy: 50% USDT, 50% spot
No leverage till FOMC over.
#SepFOMCRateHikeOutlook #BTCWhalePressureEases #OKXNOW:24×7MarketEraThree days ago that night, the entire network liquidated $1.19 billion, with 190,000 people forcibly liquidated. The most striking was ETH. It liquidated $356 million by itself, while BTC only $298 million. ETH's market cap is less than one-fifth of BTC's. I was stunned the first time I saw these numbers, but later after checking CoinDesk's breakdown, I understood. Dividing by market cap: ETH liquidated about $1.2 million per billion in market cap, while BTC only $180,000. Six times more. With the same price drop, many more people were taken out on ETH. The logic is quite simple. For BTC, you dare to open 3x or 5x leverage; for ETH, you dare to open 10x or 20x. The higher the leverage, the closer you are to the liquidation line. When it really drops, the first to fall are always those with the tightest leverage. I fell into this trap early on. At that time, I thought ETH was the second largest and more stable than those small coins, so I casually opened a high leverage position. But when the price dropped sharply, it was directly settled. No matter how much it rose back later, it had nothing to do with me. Looking back now, the loss had nothing to do with direction. I put myself in a position where a slight mistake meant liquidation. Today, October 12, the market is rising. BTC is around 83,900, up just over 1% in 24 hours; ETH is 2,540, up 1.4%. It looks comfortable. But breaking down the 24-hour liquidations, 70% of those liquidated were short positions. Of the $164 million liquidated network-wide, shorts accounted for $114.6 million.$LIT LIT‑USDT｜15min Market Observation
Current price 3.6420.
Quantitative scanner triggers a long reversal signal synchronously on both 5-minute and 15-minute cycles. The market has been continuously declining, reaching a low of 3.6112, with the price approaching the lower Bollinger Band support. The 15-minute RSI-14 dropped to 22.87, entering the oversold zone and turning upward, indicating full release of bearish momentum; the ADX value is relatively high, showing a strong current downtrend. This should only be considered an oversold rebound opportunity, not a blind long position.
Short-term strategy: Trade the oversold recovery based on the dual-cycle reversal signals, with light long positions.
Support below at the lower Bollinger Band 3.6007; first target at the middle Bollinger Band 3.7582, further target at the upper Bollinger Band 3.9158.
If the price breaks below 3.6007 effectively, the long logic fails, and the long strategy should be abandoned. $RSR's strong momentum continues, but crowding risk is also rising
$RSR is up 63.20% in 24 hours, currently priced at 0.002608. The 1-hour and 4-hour RSI are 76 and 95 respectively. The strength is real, and so is the crowding. The question is not whether it can keep going, but who is willing to catch it on the first pullback.
The current 1-hour volume is about 1.19 times the average volume of the previous 20 bars, with activity still near normal. This means key levels need confirmation through continuity: touching, crossing, and holding above are three different things and cannot be replaced by a single moment.
Looking back at the 24-hour range: low at 0.001595, high at 0.002999. The current price of 0.002608's position within this range directly affects the meaning of the same signal. Near the high, strength needs to prove it’s not a spike followed by a drop; near the low, a rebound needs to prove it’s not a continuation of the downtrend. The range is not a prediction target, but a tool to check if the current narrative is hiding any risks.$ZEC main force unloading at high levels, the market is under pressure and pulling back again 😂
Fortunately, after ZEC reached the target points around noon, Sister Qin immediately notified fans to take profits, otherwise most of the gains would have been lost 😆
Why doesn't Sister Qin continue to look upward? The reason is simple!
First, there is trapped position pressure above 1350. Funds that entered at high levels and have been stuck will choose to exit to break even when the price rebounds nearby, naturally increasing selling pressure.
Second, early profit-taking begins, and concentrated selling causes short-term pullbacks.
Based on currently observed on-chain data, there are still signs of continuous capital outflow, and bullish support is not yet clear enough.
Lily suggests mainly waiting and watching, focusing on clear stabilization signals in the 1280-1250 range before considering new layout opportunities.
$BTC #CPI与PPI公布在即，加息预期迎考验 $BTC dropped to the 80,000 level, bloodbath for the bulls 🩸 Monday started with a V-shaped rebound. Will it break through 100,000 in October? Or is it just a fakeout before continuing to fall 📉
Friends, I just finished attending Binance's F1 event and quickly came back to update everyone. Before going, I mentioned that BTC would soon break below the 83,000 level, and these past few days at F1 have followed that script exactly.
The only difference is that I predicted the lowest point could drop to around 78,000, but this time the drop only reached the 80,000 level.
Everyone knows that round numbers are very deceptive. Although BTC does have weak support at the 80,000 level,
currently, after 18 days of high-level consolidation, the drop can be judged as a distribution signal.
In other words, the downtrend should continue afterward; otherwise, it would have consolidated and then risen directly. So the 80,000 level should currently be considered a bull trap, with further declines expected.
Pay close attention to the resistance zone between 84,800 and 86,300. If suitable, you can enter short positions $ETH $ZEC #CPI与PPI公布在即，加息预期迎考验 #台积电Q3营收创新高，10月15日财报还有哪些看点？ Did you see the 4H candle at 4 PM for $PYTH?
0.082→0.090, +9.6% in 4 hours, with a trading volume of 5.98 million — 4 to 5 times the usual volume before and after.
This volume wasn’t driven by retail investors. It’s either protocol-level allocation or smart money accumulating heavily. $PYTH stayed flat at 0.082 for 48 hours, then at 16:00 today, a bullish candle directly pierced through the upper boundary of the converging structure.
The core logic of the Oracle sector is "DeFi infrastructure" — liquidation, price feeds, cross-chain bridges. When on-chain activity recovers, $PYTH benefits first. The question now is: can it hold steady after the breakout?
Do you think the 0.083 level can hold? Even after watching things turn against me, part of me still hopes the market will give me another chance. 😔 📊 $SOL — Still Waiting for Momentum Entry price: 110.27 Current price: 111.06 Leverage: 3X isolated Margin: 684.25U Unrealized PnL: +18.6U ROI: +2.72% SOL is slightly in the green, but the recovery still feels weak. Sometimes, being profitable on paper doesn't mean the trade is going anywhere. I'll be watching volume and price action for confirmation rather than getting carried away by📉 Analysis by Timeframe
1. Short Term (15 minutes / 1 hour) — Surge then pullback, short-term weakness
· Trend: After reaching a high of 84,348, the price faced significant selling pressure, with consecutive bearish candles on the 15-minute chart. The 1-hour chart has broken below the Bollinger Band middle line (83,685) and is testing support at the lower band (83,213).
· Indicators: Both 15-minute and 1-hour MACD show a high-level death cross, with expanding green bars (1-hour MACD -179.2). Short-term moving averages (MA5 to MA30) are turning downward, indicating dominant short-term bearish momentum, likely continuing downward to seek support.
2. Medium Term (4-hour chart) — Wide-range consolidation, heavy resistance above
· On the 4-hour chart, after a rebound from the bottom at 80,351, the recent high reached 84,348, just touching the dense resistance zone formed by the 4-hour MA60 (84,002) and MA120 (84,130), creating a "double top" pullback.
· MACD red bars are shortening (MACD 222.1), and the fast and slow lines (DIF 38.1, DEA -73.0) are flattening below the zero line. As long as the price does not break below the Bollinger lower band (82,231), the medium-term rising bottom structure remains valid, but short-term breakthrough above strong resistance at 84,300 is difficult.
3. Long Term (Daily chart) — Weak base building, bearish momentum fading
· The daily price is currently struggling between MA5 (82,797) and MA10 (83,834). The daily Bollinger Band middle line at 83,943 forms strong short-term resistance.
· Key indicators: The daily MACD is in a deep death cross state, but the green bars (-890.1) continue to shorten compared to earlier periods, and the fast and slow lines (DIF 832.9, DEA 1,277.9) are gradually converging. This indicates that the long-term bearish force is continuously weakening, and the market is building a phased bottom in the 80,000 - 84,000 range.
💡 Long-Term Direction Analysis and Key Levels
· Overall direction: The long-term bull market foundation remains intact; the medium term is in a "wide-range consolidation bottoming phase after a sharp drop."
From the daily chart perspective, MA60 (79,055) and MA120 (71,279) still maintain an upward long-term trend, preserving the bull market structure. The current market is undergoing deep deleveraging and shakeout within the bull market. The market is exchanging time for space to digest the trapped positions above 87,000-88,000. There is no basis for a V-shaped reversal in the short term, with a high probability of maintaining range-bound consolidation.
· Resistance above: 83,900 (daily MA10/Bollinger middle line) -> 84,350 (recent high, 4-hour MA60/120 strong resistance) -> 86,000 (previous consolidation platform).
· Support below: 82,980 (today's low) -> 82,600 (daily MA30) -> 82,230 (4-hour Bollinger lower band) -> 80,351 (this round's low, key defense level).
Trading Suggestions (for reference only, not investment advice):
Currently short-term bearish bias; avoid blindly bottom-fishing or chasing shorts.
1. Short-term traders: Monitor the 82,200-84,300 range for consolidation. If the price stabilizes near 82,200-82,600 on a pullback, consider light long positions; if the price rebounds to 84,000-84,300 and faces resistance, consider short-term profit-taking or light short positions with strict stop-loss.
2. Medium to long-term investors: The daily bottom formation requires more time. It is recommended to patiently wait for the daily MACD green bars to significantly shorten and form a golden cross, or for the price to stabilize after a second test in the 80,000-82,000 range before considering phased spot or low-leverage long positions. Strict position control is essential for contract trading.In October 2026, $SNDK (tokenized SanDisk US stock) faced strong selling pressure after reaching a historical high (around $2376), with a maximum drawdown of nearly 40%. The closing price on October 8 fell below the short-term moving average (MA50). Although the long-term logic for AI storage remains solid, short-term profit-taking is evident, and the technical chart has entered a volatile downward channel. Long positions in the futures market were heavily liquidated.
Following the trend, I shorted the SNDKUSDT perpetual contract on OKX. Opened the position at an average price of 1591.3 with 75x leverage, currently holding, with the mark price dropping to 1557.6, floating profit at 158.83%.
The technical pressure confirms a bearish trend. However, the 75x leverage has an extremely low tolerance for error; even a slightly larger reverse spike could trigger liquidation. Avoid blindly chasing shorts and pay attention to risk control. $ZEC $SOL #CPI与PPI公布在即，加息预期迎考验 Oil prices dropped to 90.28, and as geopolitical risks eased, BTC immediately bounced back above 84,000. But don't rush to call a bull market; the US spot ETF saw a net outflow of 681 million USD last week, marking the largest weekly outflow since June. When the ceasefire agreement news came out, shorts were liquidated and pushed up, but neither Moscow nor Kyiv confirmed it, so this kind of news-driven rebound is the most fragile.
I just finished scanning the basement corners with a flashlight and came back to keep watching the market. Volatility has dropped to a five-year low, big players are buying put hedges, and the overall market capitalization is still shrinking.
The market is dominated by bears, MACD is weakly correcting, and there is dense resistance between 84K and 85K above. The liquidation map is even clearer: longs between 83K and 84K are crowded together, while liquidation zones from 82K to 80K act like a magnet pulling the price down.
In terms of trading, short directly in the 83,500 to 84,000 range on the rebound, with the initial target to break below 82,000 and a stop loss above 84,800. Don't be greedy; this position is just a shorting opportunity given by the rebound. Consider taking profits only after breaking below 82K.
$BTC
#机构持续布局，BTC为何仍承压？
@OKX星球 $FIL price is moving, but the trading volume hasn't shown a corresponding signal, which is more worth watching than the 24-hour +13.12%.
Current price is 1.2462, 24-hour +13.12%; 1-hour and 4-hour trends are slightly strong, with volume about 0.32 times the average volume of the last 20 bars.
I break it down into two scenarios: A, breaking through 1.2764, confirming the short-term structure; B, falling below 1.0936, invalidating the original judgment, with the next observation point turning to 0.9858.
No preset answers, just watching which condition happens first. Which scenario do you think is more likely to occur first, A or B?
The above is market observation and does not constitute investment advice. This is from Crypto Bull Talk.$SENT This coin surged strongly from around 0.020, rallying all the way up to 0.0248. But if you look closely at that spike candle, it failed to hold the high and was quickly hammered back down. I'm very familiar with this pattern—the sharper the rally, the greater the divergence at the top.
I entered a short position near 0.02444 with 20x leverage.
The logic is actually simple. For these small-cap coins, short-term surges are basically driven by sentiment and capital flow. When the price reaches a level where no one is willing to keep buying, profit-taking starts to loosen up. On the chart, after the high, several consecutive bearish candles push the price down, with each rebound weaker than the last, clearly showing signs of capital withdrawal.
Many see the pullback as a buying opportunity, but the real question is: how much new capital is willing to come in at this level? The chart gives a straightforward answer—it can't hold.
Currently, the mark price is 0.0213, with an unrealized profit of 256.95%, still holding the position.
This kind of trade isn't about one or two points of fluctuation; it's about the process of price finding support again after the sentiment tide recedes. $BTC $W #CPI与PPI公布在即，加息预期迎考验 Before the CPI release, don't rush to bet on the direction
With CPI and PPI being released together, the short-term trends of BTC, ETH, and gold basically depend on the data for answers. Price moves before the data are driven by sentiment; don't mistake a rebound for a reversal, and don't place heavy bets prematurely.
BTC is oscillating around 83,000. This rebound mainly relies on short covering, not new capital entering. If core CPI exceeds expectations, rate hike expectations will reignite, and 80,000 may break first, with a downside target of 78,000; if core inflation is moderate and rate hike expectations pause, there is a chance to test 86,000, but the selling wall above has been strong for a long time, so failing to break through in one go is normal.
ETH remains one of the weaker mainstream assets: it rises slowly and falls sharply. ETF outflows continue, staking yields lag behind U.S. Treasuries, and institutional willingness to buy is low. If CPI is hotter than expected, ETH's decline could be greater; if 2400 doesn't hold, 2300 will be tested.
For gold, record ETF inflows provide strong support, with net inflows in Q3 hitting a historic high. Rising energy prices push overall inflation higher, increasing holding costs in the short term, but under stagflation logic, as long as core inflation doesn't spiral out of control, funds will eventually flow back into hard assets. With overall inflation hot but core inflation moderate, gold is actually the most advantageous.
Now is not the time to bet on direction, but to survive. Wait for the CPI release on the 14th, see who withstands the first round of selling pressure, and only then will anyone be qualified to talk about the next wave.
$BTC $ETH $XAUT
#CPI与PPI公布在即，加息预期迎考验
#机构持续布局，BTC为何仍承压？
#交易之声：你的经验值得被听到 🚨Big move by SOL treasury company! SkyAI is suspected to have sold 1.25 million SOL in the past 5 days, worth about $138 million!
On-chain data shows that SkyAI has been continuously selling its SOL reserves recently, announcing the sale of about 1 million SOL, followed by about 211,600 SOL transferred to Coinbase Prime. According to on-chain monitoring estimates, the total sales in the past 5 days may have reached 1.25 million $SOL. The company also plans to use the funds from selling SOL to advance a cash offer to repurchase up to 95% of the issued shares.
**My view:** This is not just an ordinary whale transfer, but a change in the treasury company's capital strategy. Large sell orders may put short-term pressure on SOL, but ultimately it depends on the actual subsequent sell volume, market absorption capacity, and SOL's key support levels. Don't panic just because of transfers, nor ignore the continuous selling pressure. Keeping a close eye on on-chain capital movements is the key! 📉$BTC #SpaceX plans to acquire spectrum to expand mobile communications
The leader has something to say
Regarding SpaceX's spectrum acquisition, the market only sees telecom operators plummeting, but I noticed a detail in the opposite direction: tower companies are rising. Crown Castle and American Tower both strengthened on the same day.
The logic is straightforward. Starlink wants to shift from direct satellite connections to directly serving mobile users. Satellites alone are not enough; ground networks are also needed. Towers are infrastructure; operators can build less, but SpaceX needs to fill coverage gaps, so it has to rent towers and build stations. Therefore, operators get hit, and tower companies collect rent.
I believe this is not short-term sentiment but a redistribution of profits in the industry chain. Traditional operators rely on spectrum and base stations as their moat, but with Starlink acquiring spectrum, that moat weakens. However, whoever wins, signals still need a place to hang. Tower companies benefit from both ends.
On the market, SPCX is slightly up; the market has not fully priced this in yet. But this is a long-term logic, not a short-term catalyst.
I hold long BTC positions at 83000 and short positions at 86500, hedging both sides with moderate position size. No one-sided bets before CPI data. Long stop loss at 81500, target 86000. Short stop loss at 87500, target 84500 to 85000.
The tower logic can be tracked, but don't rush to chase. The energy ceasefire is a variable, not a direction. Look at details, not headlines. Always set stop losses on your trades; don't hold through risks. $BTC $ETH $ZEC
The above analysis is time-sensitive; trades must have stop losses set. Good luck.$RENDER is close to the previous high, first watching if it can hold steady
RENDER has risen 11.30% in the past 24 hours, and in the last 15 minutes it pushed up another +1.90%, clearly accelerating in the short term. The current price is already near the high point of the past few hours around 2.141, with the just closed 5-minute candle at 2.142 USDT, basically hugging the upper edge.
I am more focused on whether it can hold steady here rather than rushing to chase. It has risen 2.68% in the last hour, momentum is still there, but the low points of the previous few hours are at 2.073 USDT, so this range is not wide. If the price can continue to close above 2.141, I will treat it as a short-term bullish signal; if it falls back into the range, then this acceleration might just be a pulse.BlackRock's ETHA saw a net outflow of $477 million last week, with the overall Ethereum spot ETF net outflow reaching $542 million. Solana ETF, which had 14 consecutive weeks of net inflows, has finally turned negative. Top-tier institutions don't need to voice their stance; the funds have already moved ahead. Bitcoin's 82,000 level is a key defense point. The near-month implied volatility has been compressed to a five-year low of 33.5, with $204 million in put options stacked there, all preparing in advance for inflation data.
After I finished a trade and came down from the sixth floor, my phone was scorching hot hanging on the power bank. I glanced at the RSR order book and this position didn't look right.
RSR current price is 0.002608, with active sell orders of 309M completely overwhelming the buy side. The K-line shows a clear upper shadow, and profit-taking around 0.0025 is still offloading. Although the liquidation chart shows shorts piled between 0.0024 and 0.0026, the support below is too thin; if it really crashes down, it won't hold.
So don't stubbornly take long positions below 0.0026. Short directly on the rebound between 0.00265 and 0.00272, set a defensive stop loss at 0.00285, and target take profit at 0.00225, which is the first concentrated liquidity zone.
This trade will either quickly retrace to clear out chasing longs or, if volume pushes above 0.0028, I'll admit I was wrong.
$RSR
#俄乌或达成“能源停火”协议，进展待确认
@OKX星球 What does $BTC returning to $84,000 mean?
According to Binance data, $BTC hit a high of $84,352 today, then pulled back to around $83,500. Strictly speaking, it is currently just "retesting 84,000" and has not fully stabilized yet.
The importance of $84,000:
- The daily EMA20 is around $83,200; reclaiming this level indicates the short-term trend is repairing.
- The 4-hour EMA50 is about $83,600; after recovering this, bulls regain short-term initiative.
- $84,000 is both a psychological threshold and a recent dense trading zone; holding above it is necessary to shift from a rebound to further rise.
Derivatives:
- The recent funding rate is about +0.0019%, indicating bulls are not yet significantly crowded.
- Open interest has decreased overall by about 3.2% in the past 5 days, but price has risen, showing the rebound is not solely reliant on leverage buildup, indicating a relatively healthy structure.
Key levels:
- Resistance: 84,350, 85,300–85,700, 87,000–87,400 USD
- Support: 83,600, 83,200, 82,600 USD
- Strong support: 80,400 USD$ETH $ZEC #CPI与PPI公布在即，加息预期迎考验 #台积电Q3营收创新高，10月15日财报还有哪些看点？ 【On-Chain Trading Update｜BTC】
Monitored address 0xdd0c opened a short position:
▪ Execution price: $83,278.21
▪ Transaction amount: $333,112.83
▪ Leverage: 20x
Does anyone share the same view on this short?
Note: This address has earned over $435,000 in profit in the past 30 days, with a return rate of +40.96% Delivered takeout for 10 hours and earned 186 yuan of hard-earned money. At home, I opened OKX, and in 10 seconds, I lost the life of 100 orders.
The market rebounded, and I was nailed to the shame pillar of the short position.
$ETH (Rock): Opened at 2504.41, current price 2542.73. 5X isolated margin, floating loss -383.2U. Calculating 4 yuan earned per order, I need to run over 600 orders! My heart is bleeding.
$SOL (Slap in the face): Opened at 109.73, current price 110.98. 10X isolated margin, loss -25U. Blindly following the trend, wasted several days.
$MAGIC (Backlash): Opened at 0.13769, current price 0.13968. 10X isolated margin, loss -9.94U. Even this last bit of meager profit was swallowed, it's simply a joke.
At 8 PM, others are drinking coffee and enjoying the weekend, while I stare at the screen with dark circles under my eyes. Shorting is destined to be lonely; tonight is another sleepless night. Brothers, how are your short positions doing?
#CPI与PPI公布在即，加息预期迎考验
#俄乌或达成“能源停火”协议，进展待确认
#台积电Q3营收创新高，10月15日财报还有哪些看点？ $SOL This 100x short position at 113.17 currently has an unrealized profit of 189% and is being held without movement. Looking at the 4-hour timeframe, it dropped from 123.76 to 105.61 and then rebounded to the current price of 111.01, but the rebound volume is only 3.65M, clearly shrinking. The short-term moving averages (111.49/110.87/110.37) are all suppressing above the price, and the rebound softens when it touches the resistance zone. $ETH
On the news front, SkyAI's tender offer looks lively, but the market doesn't buy it; a trading volume of 792 million U didn't bring in incremental funds. The biggest risk is that mainstream coins don't rise despite good news; the rebound is profit-taking using the news as an excuse, not a real inflow. $BTC
A 100x high-leverage short relies on rhythm, not gambling. 105.61 is a short-term bottom, but the rebound lacks volume and moving averages are pressing down, with heavy resistance above 113. If it doesn't break 108 now, follow the trend first; if it breaks, then watch for acceleration. The market is more honest than the news, listen to the market. Real trading notes will continue to be shared to find your own trading rhythm. #CPI与PPI公布在即，加息预期迎考验 Good news: A glimmer of an energy ceasefire, winter is forcing everyone to compromise
Bro, this logic is so clear, no money in the pocket, yet still bombing each other's energy, no one can survive the cold winter
This agreement is most likely not a show, reality has pushed them into a corner.
From a macro perspective, if Russia and Ukraine stop fighting, and the Middle East also restrains itself, only then can oil prices $CL truly cool down
Once inflation expectations drop, the Federal Reserve can ease up, which is definitely timely rain for risk assets.
But don’t get too happy too soon, the Houthi militants are still carrying out attacks, and the mines in the Strait of Hormuz haven’t been cleared yet, so there are many uncertainties.
For BTC and ETH, this is a key variable. If $BZ oil prices are pressed down, Bitcoin could catch a breath and test 85,000, and Ethereum could stabilize at 2,500 and try to reach 2,600.
If the ceasefire fails, and oil prices continue to rise, then the torment around 83,000 and 2,500 will continue.
The fog hasn’t cleared yet, don’t rush to be cannon fodder for the charge, just watch how they play it out slowly.
#俄乌或达成“能源停火”协议，进展待确认 Is ETH trying to fake a pump or is it really about to reverse?
It dropped all the way from 2700 to 2405, burying many at the bottom,
The intraday high touched 2578
The market is starting to feel off!
The 1-hour low is also rising, short-term bulls have indeed regained some initiative.
But the key is not how much it has risen
Whether 2585 can truly break through and hold.
Here the 1-hour and 4-hour EMA200 overlap, an important resistance zone from the previous decline; chasing here is risky.
My thinking: if the 4-hour holds above 2580
And the pullback doesn't break below it, then look at 2620 or even higher.
If it surges up and then gets smashed down again
Then this wave is most likely just a technical rebound within a downtrend.
Below, first watch 2520, if broken then look near 2480.
Personally, I lean towards a continuation of the rebound, but I’m not chasing longs now.
The sharp drop to 2405 released risk, but it doesn’t mean an immediate reversal.
Comfortable opportunities are often not the first big green candle, but the pullback confirmation after a breakout.
Rebound and reversal are two different things.AI HAS A RECEIPT PROBLEM. 🧾
$SUI just gained a serious AI infrastructure partner.
Sui Foundation is investing $30M in DATA Network, which will migrate to Sui and retire its standalone blockchain.
The overlooked number? Trace has already registered 250M+ AI training-data contributions and processes over 3M receipts daily.
This isn’t another AI chatbot announcement. It’s infrastructure for proving who owns the data feeding AI.
#SUI #AI #Crypto #DailyOrbit Ethereum: $2500 Is Not the Bottom, but the Starting Point of a "Bull-Bear Tug of War"
While Bitcoin hovers around $84,000, Ethereum's situation is more awkward—it rises slower than BTC but falls harder. As of October 12, ETH traded near $2550, rebounding about 1.6% intraday, yet it has dropped nearly 6% over the past 5 days and only gained 2.6% in the last month. Is this bullish candle a reversal signal or just a "fake move" caused by short covering?
The Truth Behind the Rebound: Not Buying Pressure, but Shorts Being Squeezed
In the past 24 hours, the entire network saw liquidations totaling $164 million, with short liquidations reaching $114.6 million, and ETH short liquidations about $37.63 million. In other words, today's rally is essentially a short squeeze—short sellers forced to close positions pushed the price up, rather than new external capital actively entering the market.
More importantly, ETH ETFs have seen net outflows for 9 consecutive trading days, totaling $635 million, with BlackRock's ETHA ETF alone seeing a weekly net outflow of $477 million, accounting for 88% of the total ETF outflows. Institutions are retreating while retail investors are greedy; such divergence has never been a healthy sign.
The Real Contradiction: Whales Are Accumulating, ETFs Are Bleeding
A glaring divergence is unfolding:
- Whale side: Increased holdings by about 166,000 ETH in 72 hours, with whales continuously accumulating during the pullback.
- ETF side: 9 consecutive days of net outflows totaling $635 million, with domestic U.S. buying yet to return.
These two forces are clashing head-on around $2500—whoever wins will determine ETH's short-term direction.
Technical Analysis: Bulls Hold $2500, but Heavy Resistance Above
- Resistance above: $2550-$2570 (strong resistance zone) → $2600 (key breakout test zone) → $2650
- Support below: $2490-$2450 (short-term defense line) → $2405 (this round's low)
- Core signals: ETH daily RSI is only 44.6, still in a weak zone; price is constrained by dual resistance from SMA20 ($2652) and SMA50 ($2557).
Personal Insight from Wendao Ge
Ethereum is engaged in a "bull-bear tug of war" around $2500—the rebound from the short squeeze looks fierce, but continuous ETF outflows and macro interest rate pressures remain a Damocles sword hanging overhead. This is not a time for blind buying but a "event-driven" market where close attention must be paid to whether $2500 can hold and whether ETF capital flows can turn positive.With the Pectra upgrade introducing the PeerDAS data availability scheme, Ethereum Layer 2 (L2) network throughput has significantly increased, and on-chain activity has notably revived. Leading L2s like Base and Arbitrum have repeatedly hit new highs in TVL and daily active users, and the thriving ecosystem applications directly support $ETH's settlement demand and value capture. Whales continue accumulating around $2500, maintaining a strong bullish structure.
Bullish on the ecosystem recovery, currently long ETHUSDT perpetual contracts on OKX. Opened position at an average price of 2500.86 with 100x leverage, mark price at 2543.98, floating profit at 172.42%.
The ecosystem prosperity restarts the bulls. However, the battle between bulls and bears is intense, and single-day volatility can easily trigger stop-outs, so avoid full position operations. $BTC $ETH #机构持续布局，BTC为何仍承压？ $ZEC 50x perpetual short position opened at 1303.92, currently at 1294.39, floating profit +36.54%.
The idea is very straightforward: the top consolidates with volume shrinking to the extreme, volatility compressed to the floor, indicating that chips are ready to be distributed. A single high-volume bearish candle smashed the price down from 1303.92, a typical breakdown signal, shorting is favored over longing. 50x leverage, stop loss at 1320. The trend goes straight down, giving no comfortable exit point, profits take off immediately.
At this position, I plan to take half the position off the table first, and move the stop loss of the remaining half to 1300 to let profits run. If 1260 breaks down with volume, continue holding; if it doesn't break, close all positions. $ETH $BTC #CPI与PPI公布在即，加息预期迎考验 #台积电Q3营收创新高，10月15日财报还有哪些看点？ $PEPE coins like this, when they rise, the whole network is shouting, but when they fall, no one even mentions them. From 0.000004452 crashing down to 0.000003636, four hours of continuous bearish candles, sentiment basically hitting rock bottom.
But right at that point, the market started to get interesting. The price couldn't be pushed down anymore, the candlesticks showed lower shadows, then slowly stabilized sideways, and gradually climbed up a bit. This pattern doesn't require looking at complicated indicators; it's a very intuitive signal — those wanting to sell have mostly sold, and selling pressure is starting to wane.
I entered a long position around 0.000003992, 50x leverage. The logic is simple: Meme coins are all about sentiment, and when everyone is too lazy to watch them, that's often the starting point for sentiment recovery. If funds plan to pull another wave, it will definitely be quietly entering at unnoticed lows.
The current mark price is 0.000004207, with an unrealized profit of 269.28%, still holding.
No need to overthink Meme coins; when the sentiment cycle arrives, they will speak for themselves. $W $MAGIC #CPI与PPI公布在即，加息预期迎考验 🚀 1. This wave of floating profit is amazing!
50x long on ZEC, floating profit +267.66%! This is not just holding a position, it's like flying in the sky with a green rocket. The opening average price was 1226.16, the mark price pushed all the way to 1291.65. Although the 50x leverage only rose by a few dozen dollars, it exploded nearly triple the profit, but the timing of this move was perfect. The rocket color scheme in the screenshot is truly exciting, and ZEC, this privacy coin dark horse, has once again proven its explosive power. $ZEC
📊 2. Trading logic: nailed the main uptrend logic of privacy coins
Achieving 267% floating profit is definitely not luck. The real background is solid: ZEC recently received strong catalyst from the NU7 upgrade expectation. The community passed the proposal "block time reduced from 75 seconds to 25 seconds" with over 98% support. The testnet was activated on October 6, and the mainnet is targeted to launch on November 5, directly strengthening the dual narrative of "faster + scarcer." Coupled with Grayscale Zcash spot ETF entering the US stock market and Ironwood security upgrade restoring confidence, capital continues to flow back into the privacy sector. ZEC has strengthened from the bottom, once surging to a new high of $1686 in September.
267% is indeed attractive, but ZEC is known for weak liquidity and high volatility. After the September surge, profit-taking and a pullback below the short-term trendline occurred. Around the mark price of 1291, 1400 above is a key resistance turned support level. With 50x leverage having very low tolerance for error, it is recommended to take profits in batches, reduce leverage, and gradually lock in floating profits $ZEC $ZEC $ZEC perpetual 50x short position, opened at 1303.92, now at 1293, floating profit +41.87%.
The logic is very simple: repeatedly pushing up near 1303.92 but failing to break through, every rebound is quickly hammered down, the upper shadow line gets longer and longer, and the buying power is clearly exhausted. Wait for a volume breakout below support, confirm on the right side, then enter short. 50x leverage, stop loss at 1320. This drop was quite smooth, giving no chance for a rebound, and profits steadily increased.
Now move the stop loss to 1298 to lock in profits. If the price breaks below 1260 with volume, it’s possible to hold on a bit longer. $BTC $ETH #CPI与PPI公布在即，加息预期迎考验 Ant Daily | Whales Are Switching Cards, I'm Still Holding Old Ones
Good evening, friends. Today I came across some data: a whale sold 410 BTC (about $34.16 million) on Hyperliquid and then bought 14,341 ETH. On the same day, an Ethereum Foundation-related wallet transferred 4,393 ETH to Kraken. One is buying, one is selling. Meanwhile, I'm still holding three short positions.
$BTC (short): Entry 83111.9 / Mark 83395.73, unrealized loss -55.87U (ROI -6.60%). This morning rebounded from 80427, shorts were liquidated for 113 million. US Treasury yield at a high of 5.3% suppresses risk assets. 83000 is the ETF cost zone and the dividing line between bulls and bears; defense moved up to 84000. Tomorrow's CPI will set the direction.
$XRP (short): Entry 1.4167 / Mark 1.3983, unrealized profit +140.23U (ROI +26.46%). The third position is the most stable, defending below cost price; if it can't hold above 1.42, continue holding.
$DOGE (short): Entry 0.08828 / Mark 0.087092, unrealized profit +145.00U (ROI +27.33%). Profit buffer is solid, defending below cost price.
#CPI与PPI公布在即，加息预期迎考验 #俄乌或达成“能源停火”协议，进展待确认
#机构持续布局，BTC为何仍承压？ This 20x long $MAGIC position's unrealized profit soared to 242.64%. After bottom-fishing at a low price, the main upward phase was steadily fully captured.
Looking back, entry was at 0.12166 (after decisively switching to long following a profitable short on the same asset), with bottom selling pressure exhausted and continuous buying inflow, actively forcing a short squeeze. It was pulled up to 0.13642, where the zero-level space at 20x leverage directly yielded 2.4x returns, with a very smooth bullish trend.
Now at 0.13642 approaching the previous high and the 0.14 round-number resistance zone, high-level profit-taking is loosening, and volume could shrink at any time. With 20x leverage combined with over 240% unrealized profit, the profit buffer is very thick, but a slight reverse wick at the top or a second-level pullback could wipe out most of the gains. The tail-end cost-performance ratio has dropped to freezing point.
Following the trend is easiest. It is recommended to close over 90% of the position now to lock in profits, and move the stop loss on the remaining base position significantly up to near the cost line (or break-even line to keep profits absolutely safe), closely watching the 0.13 level. If volume breaks out, a very small base position can be held to float; if volume shrinks with stagnation or any downward wick occurs, exit all. Protecting real cash is the key; high leverage only eats the body of the fish, not the tail. $BTC $ETH #CPI与PPI公布在即，加息预期迎考验 Hello brothers and sisters, I am a PhD.
To be honest, I really admire those friends who take large amounts of capital and go all-in shorting altcoins! 😅😅😅😅😅😅
Take the recently skyrocketing W as an example, it surged 66% in 24 hours. If the market sees another violent rally and doubles again, the losses for leveraged shorts would be terrifying, and the psychological pressure is unimaginable.
Altcoin rallies often don’t rely on logic; they are purely driven by speculative sentiment, and the price surges make no sense. Even if you feel the valuation is already very high, it can still keep pushing upward.
I’m not saying shorting is always wrong, but never bet your entire position all at once! Once leverage is maxed out, the margin for error becomes extremely small. When trading, don’t push yourself to the point where your heart is racing out of control.
#CPI与PPI公布在即，加息预期迎考验 #俄乌或达成“能源停火”协议，进展待确认 #台积电Q3营收创新高，10月15日财报还有哪些看点？ $BTC $ETH $W Short positions were heavily "swept out," but the bulls haven't won yet
In the past 24 hours, the crypto market saw significant short liquidations. BTC total liquidations were about $52.5 million, with shorts at $42.71 million, accounting for over 81%; ETH total liquidations were $53.78 million, with shorts at $42.42 million, nearly 79%; XRP total liquidations were $2.07 million, with shorts at $1.49 million. Within 12 hours, ETH short liquidations reached $18.63 million, BTC short liquidations $9.67 million, indicating that shorts suffered the most concentrated losses during this volatility.
This indicates that the current rebound is more driven by forced short covering rather than a full return of spot buying. After shorts are cleared, short-term selling pressure will indeed ease, but this does not mean the trend has reversed.
The next few hours of market action are critical. If the rebound can gain volume and hold above resistance, accompanied by open interest and funding rates aligning, the bulls will have a chance to turn the short squeeze into a stronger recovery; if volume lags, prices are likely to return to the consolidation range or even retest lower support.
The market is still influenced by ETF outflows, macro data, and interest rate pressures, so the short-term rebound is better viewed as a deleveraging after a crowded short position rather than a confirmed trend reversal. Observation: On the eve of the CPI verdict, the scripts for BTC and ETH's ups and downs
Watching BTC stuck at 83251, ETH barely holding at 2541, everyone must be feeling anxious.
Tomorrow night, the CPI will deliver the final verdict, and the direction depends entirely on it. We can pre-emptively simulate the scenarios:
Scenario 1 (Inflation Cooling): Core CPI falls, rate cut expectations revive, BTC is very likely to surge to 85000, ETH follows suit to stand above 2600, testing the resistance at 2650.
Scenario 2 (Inflation Surges): Data can't be contained, rate hike panic reignites, BTC breaks below 82000, possibly seeking comfort at 80000; ETH is very likely to fall below 2400 to test the bottom.
Scenario 3 (Meets Expectations): Continues to stagnate around 83000 and 2500, waiting for the December FOMC to give a clear signal.
Currently, the market is fully controlled by macro cues, the scripts are already written, just waiting to see how the fuse ignites tomorrow night. In this foggy situation, stay steady and don't make rash moves.
#CPI与PPI公布在即，加息预期迎考验 On the eve of the rate hike, ETH's surge is a bear trap🪤
This volume rebounded from 2406 to 2564, rising more than 150 points, but the 4-hour trading volume can't keep up, and buying power is weak.
2560–2600 is a dense area of trapped positions plus the 30-day moving average resistance; bears are likely to enter at this range.
Negative factors on the capital side: BitMine stopped increasing ETH holdings, confirming a surge in exit queues; a large amount of staked ETH will unlock within two weeks, increasing supply and reducing buying pressure.
Most Federal Reserve officials support continued rate hikes, and liquidity continues to tighten.
This rebound leans more toward a bearish opportunity. I hold a short position at 2671 with a floating profit of 400%.
If the rebound touches 2600, I will continue to add to the short position. Short-term support is at 2497; a break below targets 2400.
I am not optimistic about a sustained surge right before the rate hike.
⚠️Personal review, not investment advice
#CPI与PPI公布在即，加息预期迎考验 Polite follow-up, Teacher Night Wind Slightly Cool says technology comes first, macro assists, and the position is clear at the moment of opening. This logic is sound, but my priority differs slightly from his.
I've suffered big losses from news, especially since I mainly trade altcoins. A manipulative trader ignoring indicators or false information can precisely pierce my position. Since then, I've realized one thing: macro and news-related factors are always one step slower than others. When you see the news, big players have already set the stage. But the chips and costs on the technical side are tangible and undeniable.
So my approach is to use macro logic only to judge the big direction. For example, if the Fed's rate hike expectations aren't lifted, I won't choose to go long on mainstreams like big Bitcoin $BTC or Ethereum $ETH. What really decides when I enter or exit is the technical trend and market structure. Short at resistance, buy at support, exit on breakouts, set stop-losses in advance, and calculate risk-reward clearly before placing orders.
Also, he says not to change plans temporarily before and after events. I agree, but I still proactively reduce positions or hedge before key data releases. It's not changing the plan, but lowering risk exposure in advance.
In the end, trading is not about who predicts best, but who can survive the longest. #交易之声：你的经验值得被听到 @OKX星球 The narrative of "game assets permanently belong to you" promoted by the Treasure ecosystem continues to gain traction, with $MAGIC circulation rate exceeding 90% (total supply capped at about 347 million), and a large amount of tokens used for ecological staking governance and AI agent activation. Coupled with continuous support from major game companies like Soneium, the scarcity of MAGIC is highlighted. Recently, viral spread on social media and speculative capital rotation have pushed MAGIC to a daily surge of over 90% on trending searches.
Based on scarcity and ecological logic, a long position on MAGICUSDT perpetual contracts was established on OKX. The opening average price is 0.12609, with 20x leverage currently held, the mark price is 0.13755, floating profit 181.77%.
Ecological empowerment supports the coin price. However, with 20x leverage, even a slight pullback can erode principal, so risk control must be well managed and volatility viewed rationally. $BTC $ETH #CPI与PPI公布在即，加息预期迎考验 Can $ETH still hold this market?
After a midday surge, Ethereum failed and has been declining steadily, with recent consecutive sharp dips and recoveries. There is substantial capital support below. From the 4-hour liquidation data, long liquidations have reached $2.41 million, indicating the overall trend remains weak.
Combined with on-chain funds shifting from a full inflow at midday to an outflow state, and with one and a half hours until the U.S. stock market opens, the market will become more active once the U.S. market opens and further stimulates it.
From the liquidation map, there is a large accumulation of short positions between 2577-2597 above, and a large accumulation of long positions between 2505-2536 below. Lei thinks the market will probe a bit further and will prioritize clearing the long positions below.
Lei's trading idea: short at the current price of 2546, target 2510 $BTC #俄乌或达成“能源停火”协议，进展待确认 $SNDK has risen more than tenfold in a year, yet the market is still valuing it with single-digit P/E ratios based on the old cycle — this mismatch is the key macro theme worth discussing about this stock.
This NAND cycle is not an ordinary cycle driven by production cuts; AI has revalued storage from a compute accessory to a core infrastructure. After training, there is inference; KV cache is moving down from HBM to SSD, and enterprise SSD bit demand is doubling this year. Foundries are allocating all advanced capacity to HBM and enterprise-grade products, squeezing consumer-grade supply. New wafer production won't start until late 2027 or 2028, and industry inventory remains low — Goldman Sachs has raised NAND's full-year price increase forecast from 100% to over 200%, and Citibank says tight supply will last until 2028. This is a hard supply-side constraint, not demand overheating.
SanDisk is right in the middle of this. After Western Digital spun off pure NAND assets, the data center segment's share grew from just over 10% to nearly 40% in a year, gross margin surged to 84%, and nearly 60% of output is locked in with long-term contracts guaranteeing minimum revenue, cushioning against the price crashes that storage suppliers fear most.
But the foundation is hyperscalers' capital expenditure. If capex is cut or Chinese capacity comes online, that 80% gross margin will retreat. The consumer side has already softened, dropping 30% quarter-on-quarter. Don't focus on daily price charts; watch AI capex rhythms and foundry expansion plans.
#CPI与PPI公布在即，加息预期迎考验
#俄乌或达成“能源停火”协议，进展待确认 It's over, it's over, it's over, is $SOL about to crash?
SkyAI (SKYA), a SOL treasury company listed on Nasdaq, is liquidating its SOL reserves. About half an hour ago, the company transferred 211,623 SOL to Coinbase Prime.
SKYA announced yesterday that it has recently sold about 1 million SOL. Including the approximately 211,600 SOL transferred to the trading platform today, the company has sold an estimated total of about 1.25 million SOL in the past 5 days, valued at approximately $138 million at the current price.
According to the company announcement, this sale of SOL reserves is to repurchase 95% of its issued shares.