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SUI achieved 40.61 million TPS (40,614,180 transactions per second) live at the Basecamp event held concurrently with Token2049, verified on-site by third-party security firm CertiK. Sounds astronomical, right? But I have to pour cold water on that: This number is not the actual 40 million transactions per second processed on the SUI mainnet. It relies on a system called Tunnels, an off-chain tunnel. Simply put: transactions happen rapidly off-chain first, gas-free, and only when the tunnel closes is the final state settled back on the mainnet with just two transactions (open + close). This is both fast and verifiable, but it’s not the same as the speed of your usual single U transfer. To put it in perspective: Visa’s global network averages about 8,165 transactions per second in 2025. SUI’s 40.61 million is the ceiling of extreme stress testing, not everyday real throughput. Three months ago, on the 4th of the month, SUI was only at 6.08 million TPS, so it has increased more than sixfold. Mysten Labs’ CEO said this is paving the way for the AI agent era, where thousands of AI will transfer and pay each other, requiring such pipelines to handle the load. My take: The numbers are indeed explosive, and CertiK’s verification adds credibility. But ordinary people shouldn’t be dazzled by the millions. The real skill is in this system—when it can make transfers for you and me fast, cheap, and stable. Until then, it’s more like a beautiful $SUI : U.S. Treasury yield at 5.36% + ETF outflows of 485 million + 89% long liquidation, triple pressure causes BTC to break below the 21-day SMA. The buy wall is at 81,000-81,250; whether it can hold in the short term will determine the direction. Only after reclaiming 83,400 can a rebound be discussed; breaking 81,000 means 1.1 billion in liquidation. $BTC $ETH $ZEC #全球长期国债收益率升至多年高位 Currently, there is a sharp drop following a volume breakout failure. In the short term, a corrective rebound is expected, but the rebound is likely a continuation of the downtrend. There is heavy resistance around 2500 above, and the primary target below is 2355.I'm choosing to short ETH this round, mainly because I feel the current trend isn't suitable for rushing to buy the dip. After previously surging above 2700, it never really held steady, then gradually fell back to around 2450, with a relatively weak rebound. To me, this kind of movement looks more like high-level funds starting to cash out, so I'll follow the short-term trend. Right now, I'm mainly watching the 2500 level. If the rebound can firmly hold above 2500 again, or even break through 2600, then I'll need to reassess my short position logic and won't stubbornly hold on. But if 2500 can't be reclaimed and 2400 is effectively broken down, then the downside could continue to open up, with around 2300 being a key level I’m watching. This short position isn't because I think ETH is going to crash, but because the short-term structure has weakened. Before the market plays out, no one can be sure where the bottom is. So right now, I’m focusing more on stop-loss and position sizing rather than trying to prove I’m definitely right. $PURR $HYPE Damn it! The abnormal movement in this HYPE market makes my scalp tingle. Around 83.8, the dog whales cancel orders faster than rabbits, pure capital battle, no news, no positive factors, just a hard dump. 😂 The daily chart already shows a bearish divergence, volume can't keep up, a typical pump-and-dump shakeout. Those who understand know, why stay in this monster coin and wait to get buried? Short directly at the current price 83.828, stop loss at 86, take profit targets at 78 and 74. Don't ask, just go against the dog whales. 🚀 If you want to copy the trade, click the market card below, don't over-leverage, these monster coins flip faster than flipping a book. This is not investment advice, profit and loss at your own risk. 👇👇👇Haven't checked for half a day, and I've lost this badly! A 0.09% margin rate, this isn't a roller coaster, it's like being tied to a rocket plunging down! Brothers, you really can't slack off! I didn't watch the market for just half a day, and the moment I opened my account, my blood pressure shot up, and I was completely stunned. Position update: ETH: Completely crashed! Full 5X leverage, entry price 2718.24, mark price directly smashed through 2454.41! Floating loss surged to -214.49U, ROI -53.75%! This mess not only failed to recover but dragged my entire account into the abyss! SOL: From profit to loss! Full 20X leverage, entry 115.63, current price plummeted to 109.43. Floating loss -81.96U, ROI -113.31%! All the hard-earned profits were given back, and I even lost principal. $ETH $SOL $BCH: The last bit of lifeblood in the whole village! Full 10X leverage, entry 261.02, mark 284.67, barely holding on to the last bit of dignity, floating profit still +35.67U (ROI +83.71%). Honestly speaking: The three positions combined have a floating loss of over 250U. The profit from BCH can't even cover the holes from ETH and SOL. What suffocates me the most is that the overall margin ratio has dropped directly to 0.09%! 0.09%, brothers! Not even 0.1% left! Before, 0.10% scared me awake at night checking for liquidation; now 0.09% means what? It means that if the market moves down by just 0.09%, even the tiniest ripple, the remaining few hundred U including principal will instantly be wiped out on the spot, without even a chance to close positions! What "living towards death" used to mean has now turned into "rushing madly towards death"! Not watching for half a day led to this situation. Every day I’m hopping back and forth on the edge of life and death, unwilling to exit when winning, stubbornly holding when losing—this is the fate of a contract gambler, and I really have had enough! Brothers, this 0.09% death gate, what should I do? Should I quickly cut losses to save myself, or keep holding on waiting for a miracle? Please wake me up in the comments, my head is buzzing right now! #9月FOMC纪要公布，多数官员倾向再加息 #ETF仍在流入，BTC为何下跌？ #跟着OKX打卡2049 Right now, I won't rush to buy the dip just because $BTC has pulled back from its high. A better strategy is to wait: Volume increase and stabilization around 80K → Consider the first test position Recover $84–85K → Trend improvement Break through $87K → Clearly increase position If 78–80K is lost → Pause long positions, wait for a lower level Around 75K → Reassess the mid-term opportunity again$SOL also dumped🤣🤣🤣 This morning it was still holding strong at 116 Now 109 Lower around 108 Just broke 110 ETH killer? 🤡 Dropped to triple digits and still holding strong Can't get past 124 Can't get past 122 Can't hold 120 either Still holding strong The only thing strong is the mouth The market is getting weaker day by day When the small players stop pumping, it’s just like this Once the few voices on-chain disperse The public chain narrative follows Those who bottomed at 115, don’t say anything Bottomed and then dumped Every time you try to catch the golden dip, it breaks 120 broke 110 broke 100 is just waiting below Still dare to catch Catch and then dump some more Back at 295 you guys were so bullish Now 109 Who’s embarrassed is clear to themselves Don’t get hyped on the rebound Once it hits 115, someone runs After they run, it dumps again The bulls are just fuel The bears are you clowns shouting "holding strong" 🤡 $SOL Many people may not know that Brother Ba Bai has cumulatively recharged 60 million across four accounts on OKX. This 60 million is not money I earned, but real funds invested into this market. From the start until today, I have experienced both surges and crashes, made profits and suffered losses, but one thing is true: I have never withdrawn a single cent from OKX. Many traders cash out as soon as they make a little profit, but most of the time, I keep my funds in the market, continue trading, and keep taking on the risks. So what you see is not just a number, but the real money I have put into this market. I don’t want to package myself as someone who is always right; the path of trading is inherently full of uncertainties. The record of 60 million in recharges does not mean I will never lose money, nor does it guarantee I will recover my capital in the future. But at least, I am willing to face my own trading honestly and confront every test the market gives me. I am Brother Ba Bai, the money invested is real, and the losses are truly borne. The market owes me no bull run, but I still believe that as long as I stay in the market, there is always a chance. There is only one bull army in the market, and it must be Brother Ba Bai $ETH $ETH 🚨 $BTC $ETH just plunged again! This drop is not simply a technical correction; it looks more like a combined "macro negative factors + leverage liquidation" explosion. BTC has fallen from around 83,600 to a low near 80,900. The Federal Reserve meeting minutes released a hawkish signal, intensifying market concerns about prolonged high interest rates; meanwhile, US Treasury yields rose, the dollar strengthened, and risk assets overall came under pressure. More importantly, "leverage is starting to liquidate." When BTC previously broke below 84,000, a large amount of leveraged positions in the crypto market were liquidated, mostly long positions. Once the price breaks key support, it easily triggers stop-losses and forced liquidations, creating a chain reaction of "drop → liquidation → further drop." Additionally, rising crude oil prices, a stronger dollar, and geopolitical tensions continue to suppress global risk appetite. The market's real focus now is no longer "when will BTC rise," but whether the 80,000 whole number level can hold. If there is clear support around 80,000, this might just be a panic washout; but if it breaks down with volume, further short-term declines need to be guarded against. Do you think this is the final drop, or will 80,000 fail to hold as well? 👇#ETF仍在流入，BTC为何下跌？ Yesterday it surged past 2500, today it dropped at 2580, couldn't even hold 2600, and you're still bottom-fishing here? Bottom-fishing for what? Those who bought at the 2700 golden pit can't even break even now. You think the rebound means the bull market is back? Bull market my foot, it's just that the sellers have finished unloading and no one is buying. Still daring to average down. Keep averaging down until you get liquidated. People shouting 3200 in the comments, while the market is at 2500, look in the mirror and see who's the clown. Those who posted 🤡, those who posted about the golden pit, those who said "welcome back," all should shut up today. The shorts are exactly your batch. Every time you add, you end up losing yourself first. $ETHBTC ETF is clearly still seeing continuous inflows, so why is the price still falling? The issue now is not whether ETFs are being bought or not, but that there is a larger macro pressure in the market — the global long-term government bond yields. ETF inflows do indicate that institutional demand for Bitcoin allocation remains, with the US spot BTC ETF net inflow reaching about $2.65 billion in September. But ETFs represent relatively slow money; short-term prices are jointly determined by leverage, the US dollar, bond yields, and risk appetite. In other words, ETFs provide support from below, while short-term funds may be continuously reducing positions from above. When the 10-year US Treasury yield breaks above 5% again, the returns on risk-free assets become attractive enough that capital naturally withdraws from highly volatile risk assets. This is like the tide receding; the ETF's support acts like a reef—present but unable to stop the overall decline in sea level. The market is repricing. Against the backdrop of tightening macro liquidity, Bitcoin is no longer the "digital gold" that can ignore gravity. It is, first and foremost, a risk asset. Only when the US Treasury yield, the global anchor for asset pricing, falls back will real upside potential open up. Right now, macro forces are teaching Bitcoin a lesson. #9月FOMC纪要公布，多数官员倾向再加息 I opened this $NEAR short at 5.374 with 50x leverage, currently floating a profit of over 600% and still holding. I'm not trying to show off this percentage; to be clear, the signal from the market at that time was very typical: altcoins were pretending to be strong, but the funds no longer wanted to catch the fall. Looking at the 4-hour chart, the spike up to 5.62 was very critical. The price surged but failed to hold, leaving a long upper shadow. The following candles have been grinding between 5.2 and 5.4, short-term moving averages are starting to press down, but volume hasn't fully dried up, indicating someone is exiting. Recently, Layer projects have been hyped with terms like "K-shaped divergence" and "sector rotation," but the market doesn't lie—news is flying, prices aren't rising, meaning funds are repricing. My short at 5.374 isn't based on "NEAR project failing," but because the 5.62 level above became a clear resistance, and around 5.37 looks like a false support. Those chasing longs see it as a pullback buying opportunity, but once the chips loosen, the sell-off pushed the price down to 4.63. Now at 4.718, not far from the low of 4.631, indicating the drop isn't a small correction but a realization of both sentiment and profit-taking.Issuing 5.3 billion more coins annually, why am I still holding Dogecoin? Among the reasons to short Dogecoin, this one is the hardest: no total supply cap, issuing 5.3 billion more coins every year, which at the current price amounts to about $475 million of selling pressure. Some analysts say that at this rate, it could be $0.05 by 2027. The numbers are true, I neither deny nor avoid them. But another fact is also true: this rule has existed since 2013, it’s not news this year. Over 12 years, countless people have used the inflation to short it, yet it remains in the top six by market cap. The market has long priced this rule in. Dogecoin’s issuance is a “fixed amount,” not a “fixed ratio.” It issues 5.3 billion more coins annually, but the circulating supply has already exceeded 140 billion. This means the inflation rate is steadily decreasing, sliding from double-digit inflation in the early days to about 3% now, or even lower. It’s not a deflationary asset, but an inflation-decreasing payment token. Miners rely on it to maintain network security, users rely on it for tipping and transfers. I hold it not to bet on a surge, but because I believe in consensus—a decentralized, living chain validated by time. Issuance is not scary; what’s scary is no one using it. And Dogecoin has always been used. #9月FOMC纪要公布，多数官员倾向再加息 The holiday just ended, and before the market could catch its breath, the US government wallet started showing unusual activity. BTC and USDT were transferred into Coinbase Prime, and BNB also experienced multiple mid-transfer movements. The first reaction, of course, is: Is the government about to dump? But this matter cannot be simply equated with "immediately selling coins." Coinbase Prime is more oriented towards institutional custody, brokerage, and OTC services. Assets transferred in might just be custody adjustments or preparations for subsequent disposal, and do not necessarily mean these BTC will immediately flow into the spot market. What is truly worth being cautious about is another point: The market often trades not on facts, but on expectations. As long as the "government wallet → Coinbase" news is captured by on-chain monitoring platforms, shorts can quickly find an emotional breakthrough. Even if large-scale selling does not occur temporarily, the panic itself is enough to create short-term volatility. So now I tend to see it as: Short-term emotional bomb ≠ Long-term trend reversal. The focus going forward is not on "how much was transferred," but on observing whether these funds ultimately truly enter the public market. #BTC #Bitcoin #Crypto #全球长期国债 #SepFOMCMinutesHikeWatch #BTCETFFlowParadox #OKXToken2049CheckIn Earlier, when it was fluctuating between 2700-2730, I already said that this round of rise wouldn't exceed 2850, but the current liquidation intensity of $ETH far exceeds my expectations, meaning the bull is gone. At present, 2390 will definitely break, so short on the rebound. I've locked in a profit of 1.16 million USD, plus about another 500,000 USD from previous cuts, and including other short positions, I've made over 1 million USD in total. I started shorting around 1800, adding positions all the way up to 2685.11. I even doubted myself in the middle if I was really wrong, but I managed to recover. To maintain risk control safety, I cut both profitable and losing orders. Now all losses have been recovered, still making a big profit. $BTC My original expectation was 2200-2000, later adjusting the high-level sideways expectation to a maximum liquidation range of 2450. Just now, I reduced 50% at 2500, and another 50% at 2460. No one can guarantee if it will go down further, so I earned a bit less. $ZEC Brothers, the dump happened again, everyone must have taken some profit. This wave of dumping was not without warning; its core driving force is macro systemic suppression. The US Treasury yield surged to 5.36%, a new high since 2002, combined with Middle East geopolitical tensions, Mexico's oil shutdown and production halt pushing oil prices up, and the Fed meeting minutes leaning hawkish, further suppressing liquidity expectations. BTC's long positions liquidated over 90% within 24 hours, breaking below the critical support level of 2511. ETH faces even greater pressure. BitMine's holdings have reached 4.9% of ETH's total supply, just 100,000 coins short of the 5% hard cap. The largest institutional buy is about to stop, while Abstract and Blast, two L2s, have successively shut down, and ETFs have seen a net outflow exceeding $451 million over a continuous week. Overall, the current decline shows characteristics of "macro triggers amplified by crypto." In a low liquidity environment, volatility is significantly magnified. The short-term trend still depends on whether the US Treasury yield can stabilize and whether ETH ETF outflows ease.$BTC shorted at 82816 with 100x leverage, currently floating profit is over 180%. No hype, just explaining how I saw it at the time. That evening, BTC was still moving sideways between 82800-83400, seemingly stable. When news about the on-chain options protocol resuming trading came out, many leaned towards it being "bullish." But my read on the chart was clear: no strength to push higher, moving averages pressing down layer by layer, and every time the price touched the short-term moving average, it got pushed back. At 82816, I directly placed a short, not betting on a crash, but betting on "it should rise but won't." Later, a big bearish candle touched 80910 with increased volume. This move didn’t look like a normal pullback but more like a concentrated breakdown of long positions. Holding 100x leverage wasn’t about bravery; it was because the entry point was close to upper resistance and stop loss; if wrong, exit quickly, if right, let profits run. Now around 81200, it’s not time to be complacent. After a sharp drop, a rebound is most likely first. The 82000-82800 range is the first resistance; if it can’t reclaim 82800, the short logic still holds; if volume surges and it pulls back above 83400, it means the bears got hurt and it’s time to admit the mistake.Don't even think about bottom-fishing $ETH. The current rebound is weak, without a strong bullish candle pulling it back; those volume-less rallies are just bull traps. Tonight, the US stock market is still opening lower, and breaking below 2500 is inevitable. In the short term, watch 2300 first; other things can be discussed later. If 2300 doesn't hold, there won't be much support below — the range from 1800 to 2300 was basically pulled up in one go. If it really breaks below 2300, it will crash straight down to 1800. I was down 800 dollars the day before yesterday, now my losses have narrowed to 400, and I'll be out of the red soon. #SeptemberFOMCMinutesReleased, most officials favor another rate hike #ETF inflows continue, why is BTC falling? #Global long-term government bond yields rise to multi-year highs#9月FOMC纪要公布，多数官员倾向再加息 ETH再度放量下杀！这根大阴线，抄底还是继续看空？ Many are still waiting for a rebound recovery, but ETH directly plunged again, dropping 4.65% intraday, hitting a low of 2430.06, currently weakly fluctuating around 2450. The 15-minute volume breakout is a typical bearish continuation pattern; the brief rebound is just an emotional recovery after the sharp drop, definitely not a reversal signal. The first short-term resistance is at 2483, with strong pressure above at 2501. If the subsequent rebound fails to break 2483, the bearish pattern is unlikely to change and may test new lows again. If you want to speculate on oversold rebounds, don’t rush to enter at the current price. Focus on the 2420-2430 range; only after a pullback and a stop-fall candlestick appears is it suitable to try a small position rebound; a more conservative entry is around 2390. Set risk control and defense at 2380; if it breaks down effectively, it means the downtrend channel is fully open, and the bottom-fishing idea should be abandoned. Mainstream coins are weakening, making it easy to be lured into "catching a falling knife." A sharp drop does not mean the bottom is reached; maintain caution and control your position until a clear reversal structure emerges. Do you think 2430 can hold this time? Or will it continue to probe lower and make new lows? Discuss in the comments! $ETH #ETF仍在流入，BTC为何下跌？ #全球长期国债收益率升至多年高位 $ETH still looks weak. The rebound has little volume, so this feels more like a relief bounce than a real bottom. A $99.8M long is sitting near liquidation at $2,501. If $2,500 breaks, the next move could get ugly. No rush to bottom-fish. 📉 #ETH #LaborMarketTestsWalsh #LastNFPBeforeFOMC #SepFOMCMinutesHikeWatch BTC crashed hard, did all the short sellers profit today? Today was comfortable, being a short seller is really sweet. I had short positions open and then BTC took a big plunge at night, every short position made a profit. Then I reversed and opened a long at 81000, took a few small profits and ran, rewarding myself. Tonight I can sleep well! Today I shorted $BTC, $CT, and $XDP. After closing the shorts, I took a long on BTC and made some profit before closing it. Now I have a BTC long open at 81000; if it gets filled, let's see if it can push up a bit. Although my position size is small, it's a good start and fun. I used to really dislike shorting, always thinking if I bought it should go up, and if it dropped I’d just wait. But waiting didn’t earn me any meal money, though I watched the market very closely. These past two days I finally opened my mind a bit. I’m bullish on BTC long-term, so I don’t have to just hold spot and watch it drop every day. I’d get happy when it rose a bit, then reluctant to sell when it dropped, going back and forth with emotions more volatile than the candlesticks. Don’t be fooled by the impressive-looking returns in the screenshot; the combined unrealized profit of all positions is less than 10U, all small positions. Not much money, but seeing three positions turn green together really lifts my mood. While others study how many W they can earn tonight, I’m just thinking if I can add an egg to my late-night snack. For now, I’ll enjoy this moment. Hopefully when I wake up, the late-night snack is still on the market, not me paying for it again. Listen, what is that sound? It's not the ticking of the K-line, nor the liquidation alert. It's the sound of the bulls' faith shattering bit by bit. Today, ZEC struck this glass for me with a single needle. The intraday low plunged directly to 1200, and the current price barely holds around 1238. Dropping from 1697, that's nearly a 500-point one-way fall, with almost no decent rebound in between. This is not a correction; it's clearly a collective emotional flight. On the daily chart, the 20-day moving average crosses below the 50-day moving average, a death cross has appeared; the head and shoulders pattern is clearly formed, and technical traders have long lined up to exit. Whale holdings have decreased by 10% within a week, and on-chain data doesn't lie—the big players are withdrawing, while retail investors are holding on. The privacy sector was once a safe haven, but now it is the first to be hit in the deleveraging wave. With regulatory shadows still looming, funds naturally flow to "safer" targets. If 1200 breaks, the next defense line points directly to 1120. And further down at 300, like an old scar hanging overhead, reminding us: when faith collapses, there is no bottom. Now is not the time to bottom-fish; it's time to see the direction clearly. #9月FOMC纪要公布，多数官员倾向再加息 Crash to the extreme late at night: I held a short position for over 20 days, closed it before dawn, reversed to go long, and now I'm fully trapped! Now $BTC has dropped to 81,024, and $ETH plunged 4.87% to 2444! Brothers, I really want to slap myself twice tonight. I endured the short position for a full 20 days! During the day today, I manually closed the BTC and SOL grid trades, and stopped loss on the ETH grid yesterday, earning just a "soup money" amount. What happened next? Just after closing, the brutal main downtrend started! Typical case of missing the soup and taking all the hits, all my holdings are down! Even worse, seeing the sharp drop, I foolishly opened a long position against the downtrend. Now I'm fully trapped across the board, I hate it! Look at how brutal the market is now: BTC broke below EMA144, 1-hour MACD formed a death cross accelerating downward, RSI6 crashed to 21.53; ETH is even worse, RSI6 dropped straight to 10.15, extremely oversold! In the past 24 hours, 120,000 people across the network were liquidated for over 700 million USD, all long positions wiped out. The Fed minutes were hawkish, long-term US Treasury yields soared, macro is all bearish, catching a falling knife now is just giving away your head. I stare at the screen, really don't know how to make peace with myself. Closed shorts before dawn, opened longs on the cliff edge, is there a worse move than this? Did you guys also fall before dawn tonight? Now I'm fully trapped, should I cut losses or hold on tough? $ZEC Keep the music playing and keep dancing? Today I just unplugged the speakers. 😂 When writing this, BTC dropped to around $81,000, ETH about $2,450, down approximately 2.5% and 4.5% in 24 hours respectively. When prices rise, I complain about having too small a position; when they fall, I realize it’s not small at all. The most honest mindset is: when prices go up, you say "I'll definitely buy on the pullback," but when the pullback actually happens, you worry there might be a basement below. As for whether this is the bottom, there’s no need to rush to conclusions now. "Cheaper than yesterday" and "it will rise after buying" are completely different things. At times like this, the biggest fear isn’t missing the rebound, but rushing to recover losses and starting to make trades you normally wouldn’t dare to.After such a long period of consolidation finally some big moves have come $BTC has entered a continuous slow decline mode. High-level positioning with short positions on BTC and $ETH BTC short position floating profit: 10460.69U ETH short position floating profit: 8555.99U This kind of slow decline is far more tormenting than a one-time big crash The rebounds keep giving bulls hope but in reality, it’s a step-by-step downward trend Watching a large number of long positions in the market liquidate one after another 24-hour long position liquidations reached as high as 130 million shows how much this slow decline has crushed those chasing highs. Seen too many people get the direction right but get shaken out by small rebounds midway missing out on a large portion of profits. So this time I choose a long-term approach not to get caught up in small intraday fluctuations control my hands and avoid reckless position adjustments. Leave the rest to time to slowly realize! $ZEC #跟着OKX打卡2049 #ETF仍在流入，BTC为何下跌？ #9月FOMC纪要公布，多数官员倾向再加息 10.08 Today I opened a short position on btc. This is my first trade after about 10 days of rest following the two stop-loss trades above. The stop-losses on those two trades really hit me hard, making all my trades in September go to waste. Sigh, I was really anxious at the time. After losing a bit, I started opening trades recklessly, setting stop-losses randomly, adding leverage and positions chaotically, just hoping to recover quickly. But this only made me lose more. This isn't the first time I've done this. I hope it's the last. When trading, emotional fluctuations are inevitable, but you must control your emotions and hands. Don't open trades recklessly. Trust your judgment on direction. Stick firmly to your trading discipline. Try not to frequently adjust stop-loss and take-profit levels except in cases like news events. It really affects your mindset. Thought process for this trade: This downtrend started with Ethereum, then Solana. Ethereum has reached a 4-hour level consolidation zone (the uptrend consolidation zone from September), but Bitcoin hasn't reached the consolidation zone yet. So I judged that Bitcoin will catch up with the drop, hence I opened a short. Stop-loss is set at the breakout direction point, take-profit in the middle of the consolidation zone. Finally, let's analyze sndk: This past month there hasn't been much movement, just up and down, wasting time. My thoughts remain the same as in September. I believe late October will be the time for sndk, Micron, Hynix, and other storage industry stocks to show direction $BTC $ETH $SNDK Shorted near $ETH 2558, currently floating profit over 400%, 100x leverage, still holding. Let's be real. This trade wasn't made just by "bearish on ETH." At that time, on the 1-hour chart, the price was still hovering around 2558-2586, the short-term moving averages were already pressing down, the price was oscillating near the upper boundary, volume was low, but every rally felt unsustainable. That day, news about Compound, Foundation, and such was flooding the screen; many people's first reaction was to look for bullish or bearish signals, but I paid more attention to the order book: bullish news came out but the price didn't rise; instead, it repeatedly reversed near the lower edge of the moving averages, which is a classic sign that the funds don't recognize it. I opened the short at 2558.55, not because I thought it would crash immediately, but because there was resistance all above that level and weak support below. Then a big bearish candle smashed down to around 2430 with a surge in volume, indicating it wasn't just a normal pullback but a washout of profit-taking and long-chasing positions together. Holding 100x leverage until now isn't about being bold; it's about opening the position at a good spot—close to stop loss, close to resistance, easy to exit if wrong, and let it run if right.What is crypto trying to do? Today is October 8th, you’re not trying to give me a 1011 first anniversary, are you? This $ZEC dropped 15% today, who can hold on to that? No news either, how does this market feel like there’s no support at all? Where did the funds from $BTC and $ETH go? It doesn’t feel like there’s a massive outflow either. There’s no panic selling, so what the hell is going on! I really start to doubt whether the on-chain data is accurate. Crypto is starting to feel more and more like a scam. You can’t see heavy fund outflows, yet it’s still dropping like this. If it keeps falling, another black swan event is coming! I’m really glad I closed my position before working out today, otherwise 2500u would have been blown up again! This is freaking insane! #9月FOMC纪要公布，多数官员倾向再加息 #ETF仍在流入，BTC为何下跌？ #跟着OKX打卡2049 "First kill the faith, then kill the herd, and finally kill the luck" $BTC breaks first, $ETH follows down, altcoins finish the job. The order is clear: first kill the strongest faith, then kill the herd positions, and finally kill the bottom-fishing luck. One bearish candle buries all three types of people. But saying the bear market has arrived is still too early. The Fed minutes are hawkish; September just had a rate hike, and most officials say there will be another hike this year. The 10-year US Treasury yield hit 5.36%, the highest since 2002. Under this background, everyone takes a hit: BTC down 3%, ETH down 5%, XRP down 6%, it's not just one having problems. The difference is whether the bleeding continues or volume shrinks and stabilizes. The former is a real turning point, the latter is leverage cleaning. 700 million was liquidated in 24 hours, 90% longs, shorts squeezed too. Bears, don't rush to go all in; bulls, don't try to catch a falling knife. If 83,000 doesn't hold, look down to 80,000. What you really should wait for is the first stabilization signal after the waterfall drop—whether the rebound has volume and if funds return. The market can go crazy, but keep your hands steady. Staying alive means there's a next round. (The above is just personal rant, not investment advice.) #9月FOMC纪要公布，多数官员倾向再加息 #ETF仍在流入，BTC为何下跌？ #交易之声：你的经验值得被听到 Last night my hand trembled slightly when setting the stop loss, but this morning I realized it was an unnecessary act of filial piety. Before going to bed last night, $GMT was still pretending to rebound there. I glanced over and saw the sell orders densely stacked. The rebound was weak, trading volume kept decreasing, and no one was taking the offers. At that moment, I signaled a short position idea, opened a short entry, and left the rest to the market. It was worth the wait; from 0.009314 it slid all the way down to 0.007730, a +339.61% gain in hand. This profit feels good; the earlier hesitation was real, but the outcome is truly satisfying. I first closed 80%, pocketing the bulk. The remaining 20% had the stop loss moved closer to the cost price. If it continues to drop, let the profit run; if it rebounds, don’t let the gains turn uncomfortable. Better to miss a limit-up than to catch a falling knife and end up bleeding. Don’t let profits inflate, don’t despair over drawdowns. Have a strategy before the market opens, discipline during trading, and reflection afterward. If you missed it, don’t beat yourself up. Now is not the time to rush. Wait for a new structure to emerge, opportunities remain, so don’t be anxious. $LAB $ZEC $BTC crashed tonight, did everyone withdraw coins to buy US Treasuries? The whole market liquidated nearly $696 million in 24 hours, almost all longs were taken out. CoinGlass data shows longs bore the majority of the losses themselves. The price has fallen back from the September high, Binance order book has a buy wall stacked between 81000 and 81250, which is the short-term lifeline. The liquidation dense zones are stuck between 81700 and 83300, below that there’s another cluster around 75000, and even more intense between 60000 and 63000. Frankly, macro is choking it. The 10-year US Treasury yield surged intraday to 5.36%, the highest since 2002, and the 30-year yield touched 5.72%. The US Dollar Index DXY is stuck at 102.23, a one-and-a-half-year high. Brent crude briefly broke 102, although the IEA released reserves to push it back near 100, the fires in the Middle East are still burning. ETF funds are also hesitant, net inflow was $118.9 million on Tuesday (IBIT alone took $122 million), but Monday saw a net outflow of $89.9 million, the in-and-out ratio is like a roller coaster. Only if it can retake 85500 can we dare to look towards 87100 to 95900, with the densest liquidation cluster at 92000. If it can’t even hold 83000, it will directly test the bottom at 80000. Don’t get carried away this week, if volume doesn’t keep up, it’s a fake rebound. This wave of $DOGE shorts is really a big expected profit! Watching the repeated weak attempts to break above 0.087, with volume unable to keep up, I simply took a short position at 0.08769 following the trend. Recently, the meme sector as a whole lacks momentum, the overall market is weak, and the selling pressure above is indeed heavy. The trend has been steadily declining, now the mark price has dropped to 0.08336, with unrealized profits directly at 246%. Holding on under 50x leverage is a victory; with the accelerated drop at the end, let the profits run first. For friends who haven't entered yet, don't worry, chasing highs at this level is prone to being stuck; wait for a pullback and stabilization before looking for a safer entry. $ZEC $BTC #9月FOMC纪要公布，多数官员倾向再加息 Privacy coin leader ZEC plunges! A drop of over 14%, should you bottom-fish or continue following the trend? Today’s sharp decline in ZEC has shaken out a large number of holders, with a single-day drop hitting 14.26%, crushing short-term sentiment. From the 15-minute chart, the price just hit a new low of 1125.34, currently weakly consolidating around 1137, representing a brief pause after a volume-driven sharp drop. Don’t mistake this small rebound for a reversal. The first short-term resistance is at 1185, with a strong resistance zone near 1260. If the rebound fails to break above 1185, the bearish momentum will likely continue, so don’t rush to bottom-fish for a rebound. If you want to try going long, don’t rush in now. The first observation zone is 1110-1120; if it retests this area and shows a clear stop of the decline, you can cautiously speculate on an oversold rebound with a small position; a safer low-buy zone is around 1080. Set the stop-loss line at 1070; if this level is decisively broken, it means the downtrend is not over, and the bottom-fishing idea should be abandoned. The privacy coin sector is notoriously volatile, with wild surges and crashes being the norm. The biggest taboo is to heavily bottom-fish during a downtrend. Oversold does not equal bottomed out; many rebounds after sharp drops are just bull traps and corrections. Control your impulses and wait for structural confirmation—it’s far more reliable than gambling on a quick rebound. So here’s the question: do you think this is a panic sell-off signaling an approaching opportunity, or a continuation of the downtrend with deeper pits ahead? Share your thoughts in the comments. $ZEC #全球长期国债收益率升至多年高位 #ETF仍在流入，BTC为何下跌？ $SNDK Gross margin rose from 26% to 85% in one year, yet it doesn't own a single wafer fab. ▪️ All flash wafers come from one joint venture: the fab is in Japan, leased, and even the process technology is co-developed by both parties ▪️ Wafers are purchased on a "cost-plus" basis, with costs barely moving with selling prices ⇒ the gross margin increases exactly as much as the price rises ▪️ About two-thirds of last quarter's sequential growth came from price hikes, not volume; this fiscal year gross margin rose by 4,100 basis points ▪️ The same lock is two-way: the joint venture is still running, and neither party can outsource flash production to a third party ▪️ The other half owner of the joint venture also appears on its competitor list ▪️ Current price 1,638.74 (−3.17%), below the 100-day moving average around 1,643 ▪️ Resistance at 1,754; support at 1,504; 30.4% below the pre-6/22 high of 2,354.39 The divergence is not about how long NAND can keep rising, but that every extra cent it earns is granted by the same lock — gross margin goes straight through on price hikes, and likewise on declines. The direction favors bears; daily close above 1,643 invalidates this; losing 1,504 opens the downside.Long and Short Crowding List｜Last 15 Minutes $MET price decline accompanied by position reduction under negative fee rate. Price -4.47%, position volume -2.77%; current fee rate -0.0555% (4-hour period). $STRK negative fee rate coexists with price increase, but positions are contracting. Price +0.74%, position volume -3.13%; current fee rate -0.0207% (4-hour period).This $BTC short at 82816 with 100x leverage, after finishing my late-night snack, I marked 81179, a +197% gain. I was basically following the US stock market's risk appetite trend downward, not intending to hold it as a faith trade. The chart aligns: the 4-hour moving averages are all pressing down, MA5/10/20/30 clustered between 82k-84k as selling pressure, a big bearish candle pierced down to 80910 with volume picking up, and the rebound was weak. Before the snack, I set the first take-profit; when I came back, it had just hit it, so I took partial profits and left the rest to see if 80900 would break. The ETH short at 2558 also took profit; looking back at the 2430 low is scary—100x leverage really can't play with spikes. BTC can't reclaim 82k, so it's still weak; even the on-chain options recovery news didn't help. Money coming in feels better than a rocket chart; don't get carried away by +400%, securing profits is what counts. Tonight's late-night snack wasn't wasted; both my stomach and position are stable.This post about $BTC mainly talks about position management. Everyone knows Brother Maji, his $ETH long position should have been liquidated, as the current ETH price dropped to 2442. Everyone has a different perspective; the only certainty in the market is uncertainty itself; stop loss is the only certainty we can control! We don't have as much ammunition as Brother Maji, we're far behind, so we must save every penny and manage our positions well. I'm currently working hard just to make ends meet, under a lot of pressure, wanting to make quick money, but I know I can't rush! Today, the $XAG long position hit the stop loss, the loss is small and acceptable. Continuing to look for opportunities, good night brothers! 1. Core reasons for this round of collective decline (BTC / ETH / ZEC) 1. Macro mainline (common pressure for all coins, also the main reason for today's sell-off) US initial jobless claims at 197,000, employment stronger than market expectations, combined with continued hawkish remarks from Fed officials like Waller: • Market lowers expectations for Fed rate cuts, US Treasury yields rise, dollar strengthens; • Crypto is a high-risk growth asset, very sensitive to interest rates: the higher the rates, the less willing funds are to hold interest-free risky assets like crypto; • Spot ETF inflows cool down, with outflows during some periods, weakening institutional buying support; • Large amounts of high-leverage contracts concentrated in ETH and BTC, declines trigger chain liquidations, accelerating the crash (this is the market you just experienced, with cascading long position liquidations, the more it crashes, the worse it gets). 2. Additional negative factors for ETH • Ethereum spot ETF buying is weak, recent outflow pressure is greater; • No strong short-term positive catalysts for on-chain gas, staking withdrawals, or layer-2 ecosystem; • ETH has higher volatility elasticity than BTC, usually falling more during declines, contract order book depth is easier to break through. 3. ZEC (Zcash) falls harder than BTC and ETH, with independent negative factors ZEC is a privacy coin; besides following the macro market sell-off, it has its own negatives: 1. Protocol governance and development team changes raise market concerns about long-term maintenance stability; 2. The shadow of the historical Orchard privacy pool vulnerability remains, privacy coins inherently face higher regulatory risks; 3. ZEC ETF hype has faded, early investors have taken profits and exited; its smaller market cap and poor liquidity mean even small sell-offs cause larger declines than BTC/ETH. 2. Short-term trend forecast (by coin) BTC (Bitcoin) • Short term: mainly weak consolidation. With US Treasury yields high, a direct sharp rebound is unlikely; after a sharp short-term drop, there will be a technical rebound (oversold bounce), but the rebound is likely weak and prone to pullback after rising. Only if subsequent employment and inflation data weaken significantly and rate cut expectations reheat will the upward space reopen. ETH (Ethereum, the coin you are trading) • Short term: highest elasticity, most volatile. Also weak consolidation; rebound strength usually stronger than BTC, but declines are faster and contract spikes are frequent. Resistance: 2540-2560; support near 2480. You are currently short, which fits the weak environment, but be cautious of sudden news reversals causing rapid spikes that trigger stop losses. ZEC (Zcash) • Short term: the weakest. Small market cap, poor liquidity, sensitive privacy theme; when the market rebounds, its rebound often lags; when the market falls, its decline amplifies. It is a highly volatile niche coin, much harder to trade than BTC or ETH. 3. Scenario division ✅ Optimistic scenario (low probability): US economic data quickly weakens, US Treasury yields fall, ETF funds return → a decent rebound occurs; ⚠️ Baseline scenario (highest probability): employment remains resilient, rate cuts delayed further, overall range-bound with repeated spikes, weak trend, rebounds are corrections not reversals; ❌ Pessimistic scenario: inflation rebounds, market reprices rate hikes, crypto continues deep decline, large-scale liquidations across the network. #9月FOMC纪要公布，多数官员倾向再加息 #ETF仍在流入，BTC为何下跌？ #全球长期国债收益率升至多年高位 $BTC $ETH $ZEC US Ethereum spot ETFs saw a net outflow of $160.9 million, lower than the $201.9 million outflow the previous day. However, the previous day's outflow was concentrated in ETHA, while on the 7th, seven funds experienced net outflows, and overall there have been net outflows for seven consecutive trading days. The amount narrowed, but the outflow scope expanded; these two factors should be considered together. From a capital perspective, first observe whether the outflow can continue to narrow, then see if multiple funds resume net inflows, and finally wait for price close structure confirmation. Improvement in single-day figures is not enough to change my judgment, nor can it replace position and stop-loss discipline. Do you value the reduction in outflow amount more, or the expansion of outflow scope?Tonight's $ETH plunge, I firmly hold a bearish view and follow the trend to short. Taking a glance at the market, Ethereum directly dropped several points. But interestingly, on-chain data shows that the ETH reserves on exchanges have fallen to an extremely low level of about 6.5%. Bulls are making a big deal out of this, shouting "Whales are locking up, don't sell at a loss." Honestly, as a practical short-seller, I only trust the current candlesticks! The price breaking the defense line indicates panic selling is stampeding out. At this moment, no matter how scarce the chips are, they can't withstand the emotional collapse. The manipulators are frantically dumping the market; we just follow the trend to short and take the profits. Don't be fooled by those long-term data. The price is falling, and spot market faith can't hold against the contract market's dump at this moment.In the past 24 hours, out of the $427 million liquidated across the entire network, long positions accounted for about 87.6%. CoinGlass (Shenchao, Oct 8, 22:56): In the past 24 hours, $427 million was liquidated network-wide, with $374 million in longs and $53.57 million in shorts, and 90,950 people were liquidated. BTC was about $135 million, with $125 million in longs; ETH about $96.03 million, with $86.2 million in longs; SOL about $26.95 million, with $25.62 million in longs. Using the same criteria, at 9:30 this morning it was still $709 million total, with $647 million in longs (ChainCatcher). At the time of writing, on OKX BTC is about 81,117 (24h open 83,288, down about 2.6%), ETH about 2,437 (open 2,566, down about 5.0%). I think the real signal is: $427 million is smaller than this morning's $709 million, mostly because old liquidations have rolled out of the window, but longs still account for about 87.6%. In the next 24 hours, do you think more longs will be liquidated again, or will it be the shorts' turn? Keep an eye on it, I'll follow up when the next liquidation numbers come out $BTC $ETH $SOL #SepFOMCMinutesHikeWatch: Slightly hawkish, but not an immediate rate hike. Most officials lean toward another hike this year, ultimately still watching CPI and employment data. The market fell first then stabilized, indicating funds do not treat "leaning" as "certain." Short-term will continue to fluctuate; don’t panic sell or blindly bottom fish. $BTC $ETH $XAU await true directional signals. #BTCETFFlowParadox #OKXToken2049CheckIn #SepFOMCMinutesHikeWatch Market irony: when the price is high, everyone expects a drop. When it drops, most are already afraid to buy. That's exactly when "I want to buy cheaper" clashes with real emotions. Therefore, the plan is more important than the drop itself: under what conditions is the decline an opportunity, and under what conditions is it a signal to reconsider the idea? If the asset's valuation hasn't changed, one red candle doesn't make it worse. But buying any dip just because it's cheaper is also risky. How do you act during a correction: according to plan, waiting for confirmation, or staying out of the market?"#Go back where you came from, it's been almost half a month, position management is really important. I used to think that opening more orders was the way to go, but gradually I realized that the more orders you open, the faster you get liquidated. Controlling your position size means many orders won't get liquidated, and you definitely won't have to cut losses and exit.Something interesting is happening beyond BTC and ETH. CME has launched an index specifically tracking major altcoins. It includes $XRP, $SOL, $HYPE, $LINK, $SUI, $UNI, $AVAX and $AAVE. Why does this matter? Because altcoins are increasingly being treated as a separate market segment — not simply smaller versions of Bitcoin. The next question is whether capital will follow the narrative.🚨 UNI is not just undergoing a normal pullback this time; with BTC crashing, the $9 support level was directly broken! $UNI $BTC $ETH BTC has weakened these past two days, altcoins are clearly under pressure, and UNI has dropped sharply from around 9.2 to about 7.5, with a short-term bearish structure now evident. On October 8, UNI's intraday low was about 7.54, falling over 4% in a single day. (Investing.com Canada) From the Fibonacci perspective, the 38.2% retracement of the previous 2.72→10.94 move is near 7.80, which has now been broken, indicating a strong correction. 📍 7.5–7.7: First support 📍 7.15–7.2: Next support 📍 Around 6.8: 50% retracement level On the upside, watch 8.0–8.1 as the first resistance; above that is 8.55–8.6. So my view is clear: If 7.7 is not reclaimed → expect a bearish rebound; If 7.2 breaks → look for 6.8; Only if it climbs back above 8.1 → will the bearish structure start to ease. Don't assume this is the bottom just because it has fallen a lot. 🔥 If BTC continues to weaken, high-beta altcoins like UNI tend to amplify the decline. #9月FOMC纪要公布，多数官员倾向再加息 #ETF仍在流入，BTC为何下跌？ #全球长期国债收益率升至多年高位 BTC is oscillating around 86,500, with profit-taking combined with a surge in bond yields, leading to a clear risk-off sentiment across the market. ETH briefly dropped below 2600, with mainstream coins falling between 3% and 11%, while BNB bucked the trend by breaking above 800. Solana's on-chain tokenized stock trading volume hit 4.4 billion in September, as capital searches for new narratives. STRK is currently priced at 0.05948, just above the 0.0594 liquidation zone. RSI is high, MACD divergence is increasing, indicating short-term correction pressure. CoinGlass data shows a large number of long liquidations piled up around 0.0594, with liquidation pressure also at 0.0602 above. Both levels are danger zones, and volatility is expected to intensify. Just closed the security booth window; the wind has picked up outside. In terms of trading, consider light short positions between 0.0600 and 0.0602, with a stop loss at 0.0610. The first target is 0.0582, and if broken, look for 0.0570. For longs, wait for a pullback to around 0.0575 to confirm support before entering, with a stop at 0.0565. The current price is indecisive, so don't rush to act; wait for liquidations to clear first. $STRK #跟着OKX打卡2049 @OKX星球 After looking around, today's drop seems to be linked to oil 30y 10y interest rate hike probabilities are all fine But oil surged Causing precious metals and crypto to sharply pull back Just now, QQQ hit a new highBears keep dumping! $BTC $ETH daily chart level decline, is there still a chance for a rebound? Let's briefly talk about the market in the evening session! Extra interpretations are less useful than directly looking at the trend. Yesterday's idea remains unchanged: once the weekly K-line support at 82600 breaks, only consider going long after the range volume shrinks. Ethereum still has room to fall, don't rush to enter the market. Bitcoin: try going long in the 81600-81800 range, rebound targets are 82600-83500. If the market breaks through, reduce positions in batches, prepare defenses, and don't blindly chase the rally. Add to long positions on a pullback to 80800, stop loss at 80550. Ethereum's downtrend channel has opened, you can set long positions around 2500; add more longs if it falls back to 2430, stop loss at 2418, rebound targets are 2550-2580, patiently wait for the market to play out. To keep it short, avoid impatience in trading, market opportunities will come as expected. Wait for me to return to live stream, let's focus on the September FOMC minutes together, most officials lean towards continuing rate hikes.
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