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The entire Ethena ecosystem is recovering: the parent stock StablecoinX broke through $10, ENA rose 40% in seven days, and more solidly, USDe's TVL net increased by $800 million in the past month.
Currently, the treasury has only allocated about 15% of the funds to Ethena, with the remaining part basically stable stock—the delta neutral incremental space is still ahead.
If this is really the start of a bull market, Ethena's "interest-bearing stablecoin" narrative is very likely to have a second wave.$CORE
Everyone should consistently pay attention to one thing about @Coredao_Org, which is the shift from simply discussing Bitcoin DeFi to building infrastructure around it.
Bitcoin has massive capital, but most of it remains relatively passive.
Core's argument is simple:
Transform Bitcoin from merely a store of value into an asset that can participate in DeFi and generate yield, while maintaining self-custody.
This is a much bigger topic than "When will CORE skyrocket?"
Can Core convert BTCFi adoption into sustainable ecosystem activity and bring real value to CORE?
That is the part everyone should focus on. Samsung's position this time is finally not as bad as before 😮💨 Bought long at 190.77, screenshot taken at 188.29, single contract floating profit and loss rate -32.49%, the 200 take-profit order is still hanging. It was really painful when it dropped even deeper before, but now it's slowly climbing back, at least indicating this position hasn't completely gone bad.
I am still leaning bullish on Samsung, mainly because of storage. In Q2, Samsung's storage business set another record, and HBM4 sales are also expanding; moreover, the company expects that in the second half of the year, demand for server DRAM, enterprise SSDs, and HBM will continue to grow, with supply still tight.
But today there was a piece of news worth a closer look: ChangXin's fifth-generation DRAM platform has entered mass production, and the chip yield per wafer has increased by at least 50% compared to the previous generation. This means that the competition Samsung faces in Chinese storage is gradually turning from "might catch up in the future" into reality.
This is actually the most interesting part to me: a booming storage industry doesn't mean all storage manufacturers can profit comfortably. When demand is strong, everyone can raise prices, but what really determines Samsung's future value is whether it can differentiate itself from ordinary DRAM with high-end products like HBM4 and HBM4E. The more intense the competition in low-end and general products, the more important the profits from high-end products become.
The good news is that Samsung has already mass-produced and commercially shipped HBM4, and started sending samples of HBM4E to major customers in May this year. At least it is not standing still waiting for competitors to catch up.FOUR TRADES. ONE RISK.
Long $BTC.
Long $ETH.
Long $DOGE.
Long $ZEC.
Four different tickers do not automatically mean four different sources of risk.
When market liquidity contracts, all four can sell off together as macro conditions, capital flows, and risk appetite shift.
That is the trap of diversifying by quantity.
More positions ≠ more protection.
Manage correlation, position size, and total exposure — not just how many coins you hold.
#CryptoRecoveryBroadens No vision, can't hold on, this wave of profit is as thin as paper, but I love it to death. While everyone else was still watching, I kept an eye on $HBAR's support not breaking, felt the funds quietly entering, so I casually suggested a long position.
Being out of position isn't a sin; opening random positions is the mistake.
Funds quietly entering, the bottom consolidating without breaking, I suggested a long position targeting around 0.07449. It really took off, pushing from 0.07449 to 0.08069, a return of +415.49%, enough for a good meal, really satisfying, not wasted patience.
The premise of compounding is staying alive; the shortcut to getting rich quick often leads to zero.
First take 70% profit, protect the remaining 30% at cost price. Move the stop loss closer to the cost price; if it continues to rise, let the profits run, if it falls back, don't let the gains become uncomfortable. Take profits when you should, don't be greedy for the last bit, brother, watch your profits.
Now is not the time to rush; chasing highs easily leaves you stuck at the peak. Wait for a more comfortable position in the next round. Opportunities remain, don't rush, patiently await good news.
$SNDK $ETH $ARB RB is pulling back today, mainly ahead of the token unlock in 4 days. ⚠️
The recent RWA narrative has largely been priced in, while derivatives are showing signs of reversal. Funding has flipped positive, and short liquidations have already picked up, reducing fuel for another squeeze.
Meanwhile, ~139M ARB unlock on Sept. 23, while RSI is near 78—leaving the market vulnerable to profit-taking.
Key levels:
🔴 Unlock: Sept. 23
🟢 Potential pullback zone: $0.19–$0.20
Watch the reaction aft📈📈Do not stack $BTC, $ETH, $CORE, $ZEC and call it four trades.
🔥🔥 That is one risk-on ticket with extra tickets.
If the dollar squeezes crypto, all four mark the same way. Cut the count or cut the size.
#CryptoRecoveryBroadens
#UNI21%RallyOnSECRule $OKB is CEX equity, not L1 beta.
Exchange volume, listings, and buyback or utility design move it more than a meme tape.
It can look “stable” next to $DOGE then still mark with $BTC when risk is pulled.
#CryptoRecoveryBroadens
#UNI21%RallyOnSECRule 这周的行情像极了一段折腾完才安稳下来的感情 周三参议院 CLARITY 法案程序性投票 49比50 离60票的门槛差了11票 追了两年的事 在民政局门口被拦下来 Lummis 说下一个现实窗口可能要等到2030年 同一周美联储全票加息25个基点 联邦基金利率抬到3.75%-4.00% 是2023年以来第一次加息 点阵图里18位官员 16位认为年内还要再加一次 两个利空叠一起 BTC 当天砸到75K 然后呢 然后它爬回来了 今天 BTC 在81000上下 周内涨了5%多 ETH 站回2600 24小时超4.7亿美金的空头仓位被扫掉 Fidelity 的比特币ETF 单日净流入4.33亿 这事挺有意思的 大部分人以为市场是靠好消息涨的 其实不是 市场是等坏消息终于出完了才涨 就像你一直担心对方会不会提分手 那段日子最难熬 真提了 反而睡得着了 不确定性本身就是成本 落地的坏消息 至少是个已知数 所以今天真正值钱的信息不是价格 是心态的转变 美国立法这件事 从影响估值的大变量 降级成了背景噪音 与此同时德意志银行说2026年底给欧洲机构上线数字资产托管 Bastion 拿到 OCC 批准去申Market cap of 11.3 million with volume ratio spiking to 10.29: GUN surged 20%
$GUN currently at 0.00335, up 20.9% in 24 hours, volume ratio 10.29 — a small cap of 11.3 million market cap, pure volume-driven rally. I'm directly bullish: buy on dip, exit if it breaks 0.00308.
The chart is mixed. Daily RSI just 47.1, MACD just crossed bullish below zero with expanding red bars; but MA7 is still below MA30, multi-timeframe signals remain bearish — this is a counter-structure rally, not a reversal. Over 70% of accounts are long, fee rate neutral at 0.00005. BTC at 80485 slightly down, small caps have the highest attack elasticity.
Resistance above: 0.0038 (24h high, huge volume rejection point)
Support below: 0.00319 (intraday dip level) → 0.00308 (break = exit)
Watershed level: 0.00308. Hold to attempt second attack at 0.0038; break and exit, next stop 0.00294.
Conclusion: Most likely a consolidation digesting tenfold volume, not a V-shaped recovery. Before GDP on Sept 24 and PCE on Sept 25, data exceeding expectations will suppress risk appetite, small caps get hit first. Enter between 0.00319~0.00335, stop loss if below 0.00308, add position if it holds above 0.0038. Watch closely to avoid losses.
$GUN $BTC$AAVE is currently the one in the entire sector that "has fallen the least and has the most stable structure," showing relative strength and worth close attention. Here's the conclusion first: short-term bias is bullish, aiming for an oversold rebound.
Comparing three candidates horizontally: $RAY fell 13.32% in 24h with a volatility of 19.51%, the most volatile; $AVAX dropped 3.83% but with a high volatility of 27.14%, and a funding rate of -0.1728% indicating crowded shorts and disorderly movement. Meanwhile, $AAVE fell 6.25% with a volatility of only 8.54%, showing the most obvious contraction in volatility. All three have a bearish alignment with MA5 < MA20, but $AAVE's RSI is only 30.8, close to the oversold threshold, the lowest among the three, indicating the greatest rebound elasticity.
From a technical perspective, the price at 135.57 is close to the Bollinger lower band at 134.415, with dense support below; the MACD histogram at -0.6039 is still negative but combined with the oversold RSI, it is a typical characteristic of the end of a downtrend. The funding rate at +0.0100% maintains a slight positive value, indicating that the bulls have not collapsed and there is no risk of a stampede. The Fear & Greed Index at 71 is in the greed zone, and the overall market sentiment has not turned bearish, providing an environment for an oversold rebound.
In terms of operation, accumulate long positions lightly in batches within the 134.4–136.0 range, which corresponds to the Bollinger lower band and the current price dense area, with a stop loss at 131.8 (if it breaks below the lower band and RSI continues to weaken, the structure is broken). Retracement Verification Perspective: After a rise, only by looking at the retracement can the market quality be known
After a rise, do not rush to determine the trend is established; the performance during the retracement phase is more valuable for reference.
Weak market: After a surge, the retracement breaks key support directly, showing weak follow-through; the rise is just a short-term rebound.
Strong market: After rising, the retracement holds at a key position, support is maintained, selling pressure is quickly absorbed, and there is potential for a second surge. Anyone can pull out a bullish candle, but the retracement is the touchstone to test the strength of the bulls.
Key market observations:
🟠BTC: The strength of support after the pullback following a rally
🔵Sector leaders: Whether the retracement will break key structures
⚠️Market phenomenon: A beautiful surge followed by a direct collapse on retracement—such market sustainability should be highly questioned.
$BTC $ETH $ONE
#BTC维持8万美元，加密市场修复扩散
#SEC代币化股票创新豁免落地，UNI盘中涨超21%
#美联储10月再加息概率破55% $ZEC has been rising for days, but crashed today. Actually this is first decent health check in this round of short squeeze.
Biggest scoop: Garrett Jin's $ZEC short unrealized loss $33.83M. Yesterday he sold 35K $ETH to cash out $87.5M to add margin, pushing liq price from $2,631 → $4,738. Using money from selling ETH to support ZEC short. Meanwhile showed spot wallet: 202K ZEC with unrealized profit over $220M, claiming short is hedge.
True or not doesn't matter — as long as he continues to可以改成更像币圈资讯号/行情评论风格，同时把“价格表现”和“基本面叙事”拆开，信息密度更高：
Writing
🔥 ZEC 和 HYPE 最近轮番刷屏，但这两种上涨逻辑，不能简单放在一起看。
$ZEC 这一轮确实走得非常强，市场普遍把行情归因到“隐私叙事”。
但问题也很明显：
如果隐私真的是核心驱动力，为什么半年前、一年前没有出现同样级别的资金追捧？为什么偏偏是在价格启动之后，叙事才迅速集中起来？
📌 这也是市场里很常见的一种现象：价格先走，故事随后跟上。
所以对于 $ZEC，我更关注的是资金结构、成交量、持仓变化以及上涨过程中是否存在持续的增量资金，而不是单纯因为“隐私赛道”热门就去追涨。
当然，强势行情仍可能延续，但上涨本身并不等于逻辑已经被验证。如果后续资金退潮，短期涨幅较大的资产往往也更容易出现剧烈波动。
相比之下，$HYPE 的观察角度有所不同。
它背后可以从交易量、手续费收入、用户活跃度以及生态发展等维度去追踪，同时回购、销毁、质押等机制也让市场更容易讨论代币价值与平台业务之间的联系。
所以两者更适合这样区分：
🟣 $ZEC：重点观察行情、资金与叙事能否继续兑现。Update on Coinbase's $BTC premium index
This BTC rebound rally is indeed strong, but I have never firmly believed in a breakout. Instead, I considered switching from long to short near 84,000, and the reason lies in this premium index.
This rebound is quite strange. Since the rise from 76,000, the negative premium has significantly decreased, clearly indicating the entry of US-based funds; however, after BTC broke through the 80,000 mark and oscillated at a high level, the premium index continued to decline.
On one hand, US-based funds have still not entered, indicating that many funds are still watching from the sidelines, and they are potential buyers;
On the other hand, this strong rebound starting from 60,000 was initiated by US-based funds, with the BTC premium index briefly turning positive in the early rebound; but currently, it looks more like US-based funds pumped the price and Asian funds took over.
A healthy market must have rotating funds, and historical backtesting also shows that markets without US-based fund participation do not last long.
Perhaps the next time the BTC premium turns positive is a good opportunity for a second entry.
NFA, DYOR! Term Structure Radar
$BTC annualized basis decreases with maturity: the near, mid, and far-term annualized basis are +7.02% / +5.64% / +5.34% respectively; the raw spread of the near-term contract relative to the index is +$76.2.
$ETH annualized basis decreases with maturity: the near, mid, and far-term annualized basis are +13.19% / +4.99% / +4.35% respectively; the raw spread of the near-term contract relative to the index is +$4.59.
$SOL annualized pricing at the three maturities is not monotonically arranged: the near, mid, and far-term annualized basis are +14.37% / +1.69% / +1.84% respectively; the raw spread of the near-term contract relative to the index is +$0.21. The mid-term maturity breaks the monotonic pattern, and the difference between near and far terms is insufficient to describe the entire curve.
BTC, ETH: near-term annualized basis is higher than far-term, with higher annualized pricing concentrated near term.
BTC, ETH, SOL: all three maturities are in contango.$PEPE I was just complaining to a friend about this week's market, but I have to take back my words, it's a bit awkward.
Yesterday afternoon, I saw PEPE's rebound was weak, volume didn't keep up, and it softened under pressure from above. I warned not to chase longs at the top.
Shorted in at 0.000004012, got out at 0.000003933, +97.2% profit in hand, timing was perfect, those on board should be waking up smiling.
Take 80% profit first, keep 20% at cost price as protection, don't be greedy for the last bit, and don't give back profits if it rebounds.
Panic comes from no plan, losses come from overthinking. Being out of position isn't a sin, opening positions recklessly is the mistake. Now is not the time to rush, wait for the next shot, there will be more opportunities ahead.
$DOGE $BTC 这两个月涨得最疯的时候，$PONS 从7月低点算翻了快两百倍。 但在诸葛看来：它的基本面其实很虚，因为连Robinhood链本身的收入都不一定能持续，更何况一个在人家公链上搭的第三方发射台。 一、先说结论 PONS 是 Robinhood Chain 上最猛的"流量入口"代币，本质是 meme 工厂的铲子股。故事漂亮、协议真有收入、销毁飞轮在数据上转得欢。 但它本质还是山寨生态投机标的。因为我问了自己2个问题： 1. Robinhood链会比之前的solana链更牛逼吗？ 2. Pons会比之前的$PUMP 更成功吗？ 所以看戏可以，真要上，极小仓位当博弈。 二、拆解：PONS 到底是个啥 Pons 是个无托管发射台，零代码在 Robinhood Chain 上发一个币，发完直接能交易。跟 Solana 上的 Pump.fun 一个路数，区别是它跑在 Robinhood 那条 L2 上。PONS 就是这个平台的平台币。 赚钱逻辑（重点，这是整个投资故事的命门）：每笔在 Pons 池子里的交易抽 1% 手续费，70% 给发币的人，30% 进协议；协议那部分的 80% 拿去自动回购销毁 PThe same wallet wiped out two AI coin projects in half a day.
Blockaid: About $1.56 million worth of FET was drained from the Fetch.ai swap contract, and the same address minted about $450,000 worth of NTX on NuNet, totaling about $2 million.
NTX crashed over 70% in one day, hitting a historic low. Once the signature key leaks, it's over. DeFi has already lost over $330 million in September. And people still authorize casually, wake up.[Pharaoh's Market Watch]
Why did Bitcoin suddenly drop from 81,950 to 80,100? Has the bull run ended?
Pharaoh says directly, don't panic, the bull hasn't run away, it just ran too fast and pulled a muscle, taking a breather. This drop is due to a combination of "profit-taking + leverage liquidation + poor weekend liquidity."
First, let's see why it dropped. Bitcoin surged from 74,900 straight up to 81,930, a nearly 9% short-term rally. Those short-term traders made a killing; would they just hold through the New Year?
The worst hit were the leveraged long positions. The 1-hour MACD showed a high-level divergence, and once the price broke below 80,900, long stop losses triggered like dominoes, pushing Bitcoin down to 80,100. Plus, weekend liquidity was as thin as Pharaoh's luncheon meat, so just a few sell orders could create a big gap.
But Pharaoh wants to emphasize, don't call a bear market just because of a drop. On the daily chart, Bitcoin still firmly stands above the EMA5 (around 79,650) and the Bollinger middle band (around 78,550). This is at most a "technical pullback after a rise," not a daily reversal. Pharaoh's pyramid still faces sand erosion; normal consolidation is to clear out weak hands.
In terms of trading, don't blindly short just because it dipped below 80,000; be careful of a bull counterattack at any time. $BTC $ETH $ZEC #BTC维持8万美元，加密市场修复扩散 The $BTC CVD indicator shows buying activity from brown whales.
$BTC is showing short-term bearish trend. However, large whales are increasing their buying following the decline.
The retail investor group remain selling.
New buy walls are forming at the 75k and 76k, while the sell wall at 83k is shrinking in size.
#CryptoRecoveryBroadens
#UNI21%RallyOnSECRule $UNI is holding above the retest zone, keeping the recovery structure intact. I’m watching the $8.80–$9.00 area closely for confirmation. A sustained move above this zone could open room toward $9.30, $9.60 and potentially $10+. Invalidation sits near $8.08. No blind entry—price action confirmation matters first. DYOR.While still pushing the compliance narrative, DEX perpetuals have already captured 10% of the global position size.
According to hypeflows data, BlockBeats/Lookonchain/multiple news sources: by open interest contract size, Hyperliquid currently accounts for about 10.9% of the global perpetual market (including all centralized exchanges like Binance, Bybit, OKX), hitting a record high. HTX market HYPE is about $91.32, down about 1.7% in 24 hours — record high share ≠ price increase. Boundaries: OI share metric; compared including CEX; new high ≠ sustainable; product expansion ≠ spot trend confirmation. $ETH $BTC ⚠️ $BTC — DON’T LET THE SQUEEZE NARRATIVE FOOL YOU
“Liquidation clusters.” “Short fuel.” “Blasting through resistance.” Sounds exciting—but crowded positioning can unwind in either direction. 👀
Both longs and shorts can build around major levels, making the outcome uncertain.
📊 The lesson: don’t use a short-squeeze narrative as confirmation by itself.
Price, volume and structure still matter more than the hype.
#BTC #ZEC #DailyOrbit
#CryptoRecoveryBroadens
#UNI21%RallyOnSECRule Update on Coinbase's $BTC premium index
This BTC rebound rally is indeed strong, but I have never firmly believed in a breakout; instead, I considered switching from long to short near 84,000, and the reason lies in this premium index.
This rebound is quite strange. Since the rise from 76,000, the negative premium has significantly decreased, clearly indicating the entry of US-based funds; however, after BTC broke through the 80,000 mark and oscillated at a high level, the premium index continued to decline.
On one hand, US-based funds have still not entered, indicating that many funds are still watching from the sidelines, and they are all potential buyers;
On the other hand, this strong rebound starting from 60,000 was initiated by US-based funds, with the BTC premium index turning positive briefly at the early stage of the rebound; but currently, it looks more like US-based funds pumped the price and Asian funds took over.
A healthy market must have rotating capital, and historical backtesting also shows that markets without US-based fund participation do not last long.
Perhaps the next time the BTC premium turns positive is a good opportunity for a second entry.
NFA, DYOR!
#BTC维持8万美元，加密市场修复扩散
@OKX星球 @可乐Cola_OKX The bill's positive impact is fierce! UNI surged 21%, but don't get carried away, be careful of a sudden drop
Once the SEC tokenized stock innovation exemption framework was implemented, UNI immediately surged 21%, reaching a high of $9.442
Hayden Adams responded accordingly, saying this framework fully fits the Uniswap v4 permissioned pool. With the bill backing it, funds are indeed willing to rush in, even ARB and NEAR are benefiting.
But if you look closely at the current market, after the positive news landed, everything is retreating. UNI has now fallen back to 8.80, down 0.92%
ZEC dropped sharply by 5.32% to 1441. BTC and ETH are also slowly declining.
This is a typical "buy the rumor, sell the fact" scenario. The bill is indeed a long-term positive, completely opening up the imagination space for tokenized stocks and compliant DeFi.
But in the short term? The price surge is just for the main players to sell. Chasing UNI at this high is like catching a flying knife.
The positive news is just setting the stage; the follow-up depends on real data: can tokenized stocks bring real on-chain trading volume? Can permissioned AMMs convert into protocol revenue? Without real performance backed by actual money, the bill alone can't support a sustained one-sided rise.
For this market, just watch the show. Consider buying spot on dips, don't stand guard at the peak of the positive news. Let the bullets fly for a while!
#SEC代币化股票创新豁免落地，UNI盘中涨超21% Sisters, $ZEC has finally pulled back! It dropped from 1595 to 1442, nearly an 8% drop in 24 hours. The trending searches are flooded, but the market first poured a bucket of cold water. I know many are itching to short—don’t rush, shorting at this level is very likely to become fodder.
---
📰 News: The bullish news is tough to swallow, but some are starting to "sabotage"
NU7 upgrade is imminent. Mainnet activation on November 5, block time slashed from 75 seconds to 25 seconds, 98.9% votes retain the halving mechanism, testnet started on October 6. Transaction confirmations are nearly three times faster, supply-side narrative is fully loaded. This is not just hype; the timeline is nailed down.
Institutions are putting real money in. Paradigm co-founder Matt Huang publicly confirmed holding $ZEC, calling it "Bitcoin’s privacy supplement." Grayscale’s ZCSH spot ETF is even more aggressive—net inflow of $98.21 million in the week ending September 18, ranking first among 14 crypto spot ETFs in the US, surpassing Bitcoin’s 12 ETFs combined net inflow of $6.21 million for the week, while Ethereum ETFs saw a net outflow of $140 million in the same period. Funds are rotating, and ZEC is one of the biggest beneficiaries this round.
But on the short side, the tone is changing. Garrett Jin’s short position is down $33.83 million, liquidation price at 4790, holding 37,999 $ZEC, still holding on. Another trader’s 12,285 ZEC short was liquidated, losing $10.68 million. The fuel for a short squeeze is definitely still there.
However, Jiang Zhuoer poured cold water today. His logic deserves serious attention: after Garrett Jin revealed about 200,000 $ZEC spot holdings (1% of total supply), that "target" disappeared—those 200,000 could become dumping ammo anytime. He believes this rally may be nearing its end. This perspective cannot be ignored; whales holding both spot and shorts simultaneously have more control over direction than you.
---
📉 Market: Key levels are just these, don’t guess blindly
Current price around 1442, 24h high 1595, low 1435. Volume 287 million USDT, only 1.024 times the 30-day average volume—hot search traffic hasn’t converted into buying, volume is already showing weakness.
Resistance above: 1479 (today’s high) → 1509 (September 17 high) → 1550 (short liquidation wall area). Only if it holds above 1479 can we talk about recovery; otherwise, it’s a rebound facing pressure.
Support below: 1435 (today’s low) is the first watershed. Breaking below here, short term looks at 1387 → 1332. Further down, 1327 is the September 17 low and the last decent defense line for bulls.
Watershed: 1422. Holding this can still grind; breaking it means accelerated retest.
---
My view: Don’t chase shorts, don’t rush to bottom fish
I personally held from 800 to 1500, lost count how many times the market slapped me in between. Now I’ve learned—stubbornly holding against the trend and blindly shorting are essentially the same problem.
ZEC’s current situation is delicate: strong news but the market is digesting gains; shorts aren’t dead yet, but whale spot holdings hang overhead. This is not a point to blindly jump in.
Strategy is simple:
· If you’re out of position, wait for a clear reaction in the 1422-1435 range before acting, don’t guess in between.
· If you have longs, set protection below 1435, don’t let profits evaporate.
· If you want to short, wait for a rebound to 1479-1509 resistance, chasing shorts now is just feeding the short squeeze fuel.
Survival is everything. Whether this ZEC move is a bear trap or a real drop, let the market answer. You just need to keep your hands in check. 🧋
$ZEC $BTC $ETH
#BTC维持8万美元，加密市场修复扩散 #SEC代币化股票创新豁免落地，UNI盘中涨超21% #ZEC高位震荡，多空仓位开始分化 $BZ Oil
Over the weekend, Langzi shared some news favorable to harmony, causing oil prices to plummet. This is good for the stock market, especially tech stocks, but this year such news is always treated as a bargaining chip, and the deal can fall apart at any time if certain conditions aren't met. This year, oil stocks can only be bought on dips and must be sold once they break 100, fluctuating highly within this range. This time Langzi made a significant concession; it's uncertain if it will last longer, but for now, I'm not participating in oil and only consider it an important position indicator. CryptoHayes is once again calling out $ENA. His persistence has a reason: he invested early in Ethena's seed round and is the most prominent individual backer besides Dragonfly, having invested much more than later retail buyers. ENA remains the largest altcoin holding in his on-chain address, with 28.45 million tokens, worth about $5.61 million.
ENA is the pure carrier of his macro logic: easing → increased risk appetite → rising funding rates → Ethena basis and USDe expanding together. So going long on ENA is like leveraging a bull market plus basis trade, which aligns more closely with his column's expression than just going long on BTC.
However, everyone knows CryptoHayes' calling style: his direction is often right, timing often wrong, and his words and actions frequently contradict each other…Brothers, $ZEC has dropped from 1550 to 1441 in this wave, finally showing some signs of a pullback, but don't get too happy too soon, let's calmly analyze it first.
First, look at the market data. ZEC current price is 1441.86, down 5.19% in 24 hours, falling over 100 points from above 1550. There are a few sell orders pressing down from 1441.98 to 1441.88 above, but the quantity is not large, so selling pressure isn't heavy. Below, buy orders support from 1441.82 to 1441.87.
But the most critical signal is here — the long-short ratio is 91% to 9%! This 91% represents the proportion of accounts opening short positions, meaning shorts are as crowded as a rush hour subway, retail traders are all betting short. The more crowded the shorts, the less likely the big players will let it fall; a simple spike up will cause a short squeeze stampede. The funding rate is still positive, shorts are continuously paying fees to hold positions, getting more and more strained.
From a technical perspective, 1441 is short-term support; if it holds, a rebound to 1480 is possible. Breaking below 1400 could lead to seeing 1350 or even 1300. But judging by the crowded shorts, the big players are more likely to push it up first, squeeze out the shorts, then dump the price again.
My short position entry average price was 974, current price 1441, loss 143%, margin 81, liquidation price 2090. Holding from 800 until now, I died because of "too crowded shorts."
Brothers, don't be fuel when shorts are crowded; wait for the spike to explode, then follow!
$BTC
$ETH
#BTC维持8万美元，加密市场修复扩散 $XAUT is the only asset this week that fits the interest rate hike logic, yet it is the one falling.
However, given the ongoing global debt expansion causing fiscal sustainability concerns, the expectation of a long-term weakening dollar, the possibility of the Federal Reserve cutting rates next year, and persistent high geopolitical uncertainty, I believe the only reason gold is falling is because it is easy to buy; people are selling it to gain liquidity and invest in higher odds opportunities, a short-term bloodbath.
After all, when it comes to inflation, currency depreciation, and economic uncertainty, the strongest logic that investors first think of is often gold. Gold has limited supply and a long history of preserving value, making it the preferred precious metal for defensive investment portfolios. No matter how narratives change, what has been proven over thousands of years won't be altered by temporary stories.$BTC surged then pulled back, short squeeze in the first half ended, the second half eyes on the 83,000 liquidation zone.
Saturday's high was 81,720. Two forces pushing: ETF net inflow on Friday was 433 million, the second consecutive day; shorts were squeezed, 471 million liquidated in 24 hours, 108,000 traders exited.
But don't rush to be bullish. This 433 million ETF inflow is far less compared to last year's single-day over 1 billion. The Fed may still raise rates this year, with a 57.6% chance in October. The dollar index rose 1.1% this week, breaking above the 200-day moving average. Macro conditions remain unfavorable for BTC.
Above 83,000 there is 560 million liquidation pressure, below 79,000 long positions liquidate 477 million. Both sides are risky, a new direction needs to be chosen.
In this rally, treasury buying has basically cooled off, sustainability is discounted. The short squeeze came fast and will dissipate fast.
Next week is event-heavy: SNDK joining S&P 100 takes effect, Moscow Exchange launches ruble-settled crypto perpetuals, Trump White House summit. Watch closely for new market directions.
#BTC维持8万美元，加密市场修复扩散
#ZEC高位震荡，多空仓位开始分化
#交易之声：你的经验值得被听到 $BTC Crypto
On Friday, some cryptocurrency mining stocks like COIN and MSTR rose more than 10%. Although the progress of the CLARITY Act was blocked, two regulatory agencies both used their respective authorities on Thursday to advance the regulatory framework. The SEC introduced an "innovation exemption," granting temporary and conditional exemptions to tokenized securities trading platforms that meet the criteria. The CFTC simultaneously eased restrictions by introducing a new "no enforcement action" stance for passive software providers.
It is still unclear whether this is a short squeeze or a complete reversal, but the major bearish factors have not pushed the price below 75,000, which is indeed very strong and shows clear characteristics of a significant interim bottom.$DOGE Observation
$DOGE is currently trading around $0.085, with a 24-hour increase of about 6.8%.
On-chain data reveals some signals worth noting. In the past few hours, several large DOGE transfers have appeared on a major exchange, with single transfers concentrated in the $300K–$600K range, mostly flowing into the exchange.
This usually indicates that some holders are putting their chips up for sale, preparing for potential liquidation.
In other words, while the price is rising, the supply side is quietly increasing.
Therefore, I am focusing on whether DOGE can hold the current range amid increasing trading volume.
The trend has not weakened yet, but capital flow is showing divergence.
$DOGE During a weekend coffee break, I caught a rebound in AVAX.
Considering the market, $AVAX has recently been boosted by institutional adoption and expectations for the Helicon upgrade, showing strong momentum. Technically, the 4-hour MA5 crossed above MA10, so I chose to enter a long position at 9.259 on a pullback and stabilization.
Holding a 50x leverage position, the current mark price is 9.809, with a profit rate soaring to +297.00%! $ONE
Short-term trading is all about rhythm:
Entry: Enter long at 9.259 after stabilization following the trend.
Take profit: Gradually exit near the strong resistance at 9.80 ahead.
Stop loss: Set before opening the position at the 9.00 level; exit decisively if broken.
$AKE
High leverage yields impressive profits but comes with extreme volatility. You can watch the market while relaxing on weekends, but never hold onto losing positions—securing profits is the key! #SEC代币化股票创新豁免落地，UNI盘中涨超21% $BTC Bitcoin has risen above 81,000 today, up nearly 4% in 24 hours.
In the past 24 hours, the entire network liquidated $608 million. Shorts liquidated $525 million, while longs only liquidated $82.96 million. 122,000 people were wiped out in one wave. Shorts were the biggest fuel for this rebound.
Two bearish factors hit this week — the Fed's rate hike was implemented, and the Clear Act was rejected. As a result, Bitcoin didn’t fall; instead, it pulled back from 74,900 to 81,000.
Grayscale said the rate hike is just a "mid-course adjustment," the CFTC pushed new regulations themselves, and Bitcoin ETFs saw an inflow of $433 million in a single day.
With all the bearish factors out, shorts liquidated, and institutions returned. Bitcoin stands above 81,000.
And I lost even 0.35U.
The day before yesterday, two short positions on ZEC and ETH, with 50x and 75x leverage, were both forcibly liquidated. Bitcoin rose from 76,000 to 81,000, up 5,000 dollars, which has nothing to do with me. I died by my own hand.
Let's discuss in the comments whether the 82,000 resistance level can be broken this week. I lost even 0.35U #闪迪涨近11%，下周纳入标普100
SanDisk surged nearly 11% on Friday, closing at $1792, and will be included in the S&P 100 next Monday. What truly pushed the stock price up is the AI data centers' voracious demand for NAND flash memory.
Last quarter, revenue soared 372% to $8.97 billion, with data center business skyrocketing 437%. The company has signed NBM long-term contracts with 8 customers, locking in a minimum contract revenue of $93.9 billion, covering about two-thirds of shipments for fiscal year 2028. This is no longer a cyclical memory chip, but a "computing power infrastructure" contract backed by financial guarantees.
The story is very similar to that of crypto miners: miners sell electricity to AI data centers, SanDisk sells flash memory to AI data centers. The difference is that miners are forced to retreat, while SanDisk is actively harvesting. Bitcoin's total network hash rate has declined, miners' position index has dropped to negative, and power contracts have shifted to AI; SanDisk's NBM agreements have already pocketed revenue for the next three years in advance.
Risks are also clear: quarter-over-quarter growth rate has sharply dropped from 97% to 51%, and next quarter's guidance is only 18%. The storage cycle has never disappeared, but this time, SanDisk is trying to use long-term contracts to pull itself out of the cycle. Whether it can succeed depends on NAND price lists, not the ticket to enter the S&P 100. $SNDK 1拆3这种操作，老手看一眼就明白，总价值没变，变的只是每股价格和流通数量。
有人会喊利好，说单价降了散户更容易上车。这话听着有道理，其实经不起推敲，买不起一股的人本来也不是这只ETF的目标客户。
拆分本身不改变持仓，也不改变Zcash的基本面。9月28日收盘后执行，该拿多少还是多少，账户里不会凭空多出价值。
真正值得盯的是拆分后成交量有没有变化，以及Zcash生态里有没有新东西落地。没有这些，拆分就只是换了个计价单位。
拆分完就能涨的话，那币圈早该人人发财了，对吧。
#ZEC高位震荡，多空仓位开始分化 $ZEC At least three things must be seen simultaneously to confirm a bull market: closing continuously above 80,000 and surpassing the monthly high of 82,300; spot ETFs shifting from outflows to sustained net buying; altcoin gains spreading from a few main lines to a broader range, not just ZEC and a few DeFi tokens. Currently, only half of the first condition is met. If 80,000 is lost, this wave is still treated as a roller coaster after a short squeeze; only by holding above 81,000 and breaking through 82,300 with volume can we talk about trend repair and upgrade. $OKB is the quiet tell in this set.
When $DOGE and $USELESS are loud and OKB is dead, retail is playing and desks are not.
When OKB holds while memes dump, flow is still in venues. Read the quiet name.The most comforting explanation for SOL's rise is "on-chain demand resonance," but these four words must be broken down and verified; otherwise, they easily become an all-purpose slogan.
On the capital side, you can look at ETFs and institutional inflows; on the usage side, you need to check stablecoin settlements, lending utilization, tokenized asset trading, and application revenue; finally, you must ask whether these activities create sustained demand for SOL itself. Just because the chain is active doesn't mean the token necessarily captures all the value—bots inflating volume and short-term incentives can also produce impressive numbers.
Recently, Solana's highlight is that demand no longer relies solely on Meme coins. Tokenized stocks, real-world assets, payment channels, and institutional funds have successively appeared, allowing the network to start handling transactions closer to capital markets. The SEC's allowance of licensed on-chain stock trading experiments also gives high-throughput, low-fee networks new room for imagination.
My optimism about SOL is based on one condition: the activity must leave something behind. Only if stablecoin balances, long-term users, real fees, and locked capital continue to increase does the upward trend have a foundation; if only the coin price, transaction count, and new slogans surge together, it may still be a familiar rotation.
The best resonance is when users remain after the price rises. The worst resonance is when everyone comes only for the price increase.
#SOL延续涨势，资金与链上需求共振 🔷 Why watch $ENA
• USDe: synthetic dollar (spot + short), supply $4.5B
• September 11: launch on TRON
• Tokenomics reset: VC bought out, monthly unlocks canceled
• October 5: unified release of remaining investor tokens
• Buybacks: 5% revenue at USDe $7.5B, up to 20% at $20B
🧠 ENA = carry-dollar token. USDe growth = ENA buybacks.
⚠️ Negative funding will kill sUSDe income
❓ Will it survive October 5?👇🤔️Feels like this market is like a dream. It doesn't drop when it should, and when everyone should panic, no one does. BTC is acting wild!😄
The Fed raised interest rates, the regulatory bill didn't pass, and there are a bunch of chaotic events, yet $BTC surged from around 74,000, once touching 81,000. It’s not really following the US stock market or listening to rate hikes anymore.👀
Actually, the real money buying is from those US spot ETFs. A few days ago, institutions withdrew over 700 million, then turned around and bought back a few days later. Yesterday alone saw a net inflow of 433 million USD, with Fidelity contributing 310 million.
Those who love to trade have fewer coins, while more people are willing to hold long-term. With fewer coins to dump, the price stabilizes.
The 80,000 level has been tested several times over half a month, pushed back three times. August saw a sharp rise, September was supposed to be the worst, but it barely dropped.
Rate hike expectations remain, and US bond yields stay high. Whether BTC can continue an independent rally and push higher depends on the data in the coming weeks!
No one can really predict if this is the start of a bull run!
#BTC重返8万美元，资金面出现修复
#SEC代币化股票创新豁免落地，UNI盘中涨超21%
#ZEC逼近1600美元，多空博弈升温 Which coin can rise 200% in a day or two?
$ONE (Harmony) has this potential.
This surge is driven by three factors simultaneously: ultra-small market cap, extreme leverage squeeze, and a "resurrection" narrative. The funding rate once dropped to -0.1307%, meaning shorts were forced to pay longs.
Core driving factors
· Cancellation of delisting as the fuse: There are reports that the whales urgently canceled the planned delisting, which itself ignited the rally.
· Shorts forced to liquidate: During the rapid surge, shorts were massively liquidated, with $600,000 worth of short positions liquidated in just one round; each liquidation added fuel to the rise.
· Self-reinforcing sentiment: The extreme surge attracted more speculative capital attention, forming a short-term consensus of "it will keep rising."
Risk warning
ONE is a typical "monster coin" scenario with extreme volatility; out of the 700 million U trading volume, most are short-term traders, and the chips are very unstable. When it reaches the estimated 0.0055–0.006, be very cautious as buying volume may not keep up and a quick pullback could occur.
$BTC
$ETH
#BTC维持8万美元，加密市场修复扩散 The public chain sector's short-term upward momentum has weakened. After SOL surged, buying interest was insufficient, and profit-taking at high levels was concentrated, causing the price to drop rapidly. Short positions' profits have risen sharply. This SOLUSDT perpetual contract short position with 100x leverage was opened at an average price of 111.68, with a mark price of 108.28, and the unrealized profit reached 304.44%.
The RSI has continuously fallen from the overbought zone, with bullish strength rapidly declining and bearish strength dominating the market. The indicator is gradually approaching the oversold area, indicating a possible technical rebound and correction. The 100x ultra-high leverage is extremely sensitive to price fluctuations; once a rebound occurs, paper profits will shrink instantly or even trigger liquidation. Short chasing is not recommended; holders can set a trailing stop to lock in profits. $SOL $UNI UNI has always been my core holding. When the DeFi market warms up, I do swing arbitrage back and forth, and it rarely frustrates me or causes losses. Recently, the DeFi market has been recovering, platform fees have risen accordingly, and with the anticipation of the V4 version iteration, the market holds expectations. In the past few days, trading volume has moderately increased, reflecting genuine transactions driven by sector rotation, with no fake wash trading; the quality of transactions is far better than altcoins. Many crypto funds hold core positions long-term, and large holders' chips are relatively dispersed, so there is no single dominant force dumping the market. The project is highly transparent; protocol revenue, treasury funds, and community proposals are all publicly accessible. A large amount of tokens are staked for governance participation, and on-chain fund flows are stable. Recently, there have been no large abnormal withdrawals. In the next two to three days, the market is expected to fluctuate with the broader market but lean towards strength, showing strong resistance to decline. Even if there is a pullback, the drop will be much smaller than altcoins. It is suitable for light position observation, not for short-term chasing of gains. The MEME sector's heat is cooling down, with PEPE's surge followed by concentrated selling pressure release, causing the price to turn downward and short positions' profits to expand significantly. This PEPEUSDT perpetual contract short position with 50x leverage opened at an average price of 0.000004222, with a mark price of 0.000003972, and the position's floating profit reached 296.06%.
From the CCI trend indicator perspective, the CCI quickly fell from the overbought high zone, breaking below +100, with bullish momentum rapidly weakening and bearish forces taking the upper hand, triggering a correction signal.
The CCI is gradually approaching the oversold area on the downside, indicating a possible short-term technical rebound repair. The 50x leverage is highly sensitive to price fluctuations; once a rebound occurs, the paper profits will quickly shrink. Shorting is not recommended, and positions can set trailing take-profit to lock in gains. $PEPE The most important event in the market today is the SEC's approval of a five-year innovation exemption for tokenized stock trading, opening a compliance channel for the RWA sector.
This directly impacts the scale of tokenized stocks on the Ethereum chain. Tokenized stocks on the SOL chain surged 47% in three weeks to $684 million, with both chains competing for this new sector. On the same day, the CFTC submitted a crypto market regulatory proposal to the White House, advancing the CFTC's jurisdiction framework over digital commodities. This is the most substantial regulatory progress in the crypto industry in the past decade. These two events are the core drivers of today's moderate market rise.
OKX snapshot this morning: BTC 81119, ETH 2635.43, SOL 111.05; the three major mainstream coins are basically flat, with severe sector divergence. ZEC liquidations reached $25.97 million (72% short), UNI rose 125% in 30 days, TRUMP dropped 7.75% in one day, PUMP dropped 11.48% in one day; the meme sector collectively retreated, while privacy and RWA sectors strengthened against the trend. Established coins like ZEC, UNI, and NEAR have risen over 125% in 30 days and are the true protagonists of this rally. The impact of the FOMC's 25bp rate hike has passed; the market is now waiting for the Q3 earnings season and the FOMC meeting minutes on October 7. The regulatory path has opened, but the macro liquidity tightening pattern remains unchanged. Position management is more important than directional judgment. #SEC代币化股票创新豁免落地，UNI盘中涨超21% $FARTCOIN is a small-cap dog coin. I've suffered heavy losses on similar tokens, and just thinking about it makes me furious. I once heavily invested in a similar dog coin that surged on very low volume. I planned to sell at the peak, but the slippage was over ten points, turning what should have been a profit into a significant loss. The psychological impact still lingers. This coin relies on the community continuously hyping it up to drive sentiment. The order book depth is extremely poor; a single large order can create a long lower wick. The top ten wallets control the vast majority of circulating tokens, with whales manipulating the market at will—pumping or dumping as they please. There is no mature team, no real ecosystem, almost zero staking, and no fundamental support—just verbal promotion and hype. The market is now nearing the end of a game of hot potato. In the next two to three days, there will still be fake rallies to lure buyers, but once the buying dries up, the price will drop sharply on low volume. Without support, retail investors entering at high prices will find it very difficult to sell smoothly.$TRUMP TRUMP This event MEME, I ambushed at a low position and made a big profit. After the market heat rose, I directly closed all positions to take profits, and I felt very satisfied at that moment. Having played MEME for so many years, I know the tricks very well: as long as there is emotion, there will be violent rallies; when the heat fades, it plunges sharply. These days, the whole internet is talking about it everywhere, with huge trading volume and turnover. Funds flow in and out quickly; essentially, it's speculators mutually harvesting retail investors. No institutional participation, purely emotional speculation. Large holders continuously transfer zero-cost chips into exchanges for distribution. No real products, no ecosystem development, almost zero token staking, completely a game of hot potato. I judge that the current rise has already entered the end phase of the market. There may be one last pulse surge in the next two or three days, but chasing the high is ridiculously risky. Once the heat fades, it will crash sharply. Those who enter at high positions will most likely have to wait long-term.