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🟠 $BTC + 🔵 $ETH | 15M
BTC anchors liquidity while ETH measures market breadth.
The important relationship remains price + volume + OI—not price in isolation.
BTC strength + ETH strength → 🚀 Expansion
BTC strength + ETH weakness → ⚠️ Narrow Strength
Watch the confirmation layer closely. 🔥#CryptoRecoveryBroadens The Aave protocol has historically earned $2.2 billion in fees. Annualized revenue hovers around $400 million.
How much of that AAVE in your hands have you received?
If you can't answer, it means what you hold has never been a "cash flow asset."
What you hold is a governance token.
And this is changing.
Let's look at the numbers first.
According to DefiLlama, Aave's historical cumulative protocol fees exceed $2.2 billion, with annualized protocol revenue around $402 million. Aave founder Stani Kulechov publicly confirmed that the current annualized revenue of about $134 million fully belongs to the DAO.
The protocol's ability to generate profit is indisputable.
But how the money is spent is another matter.
Under the current mechanism, the Aave Finance Committee buys back $1 million worth of AAVE weekly on the secondary market, annualizing to about $50 million—only about 13.7% of the income reaches token holders.
What’s even more painful: this buyback can be stopped by the committee at any time.
In fact, in March 2026, the DAO already reduced the annual buyback budget from $50 million to $30 million.
The protocol is making a fortune, but token holders only get the portion the committee "grants."
This is why AAVE has long been priced by the market as a "governance token" rather than a "cash flow asset."
On September 18, Kulechov previewed Aavenomics 3.0 on X.
The core change is just one: to weld the buyback into the protocol’s economic framework.
The current mechanism is: the committee manually approves weekly, can pause, reduce, or reallocate.
The 3.0 mechanism is: automated, non-discretionary on-chain buybacks, funded jointly by protocol revenue and GHO revenue. It runs continuously unless governance votes to stop it.
In plain language:
Before, it was "the committee buys if it wants to, doesn’t if it doesn’t."
From now on, "the protocol buys automatically, and you have to vote specifically to stop it."
From a "37% buyback ratio" to "protocol default continuous buying pressure."
This is not a quantitative change; it’s a qualitative one.
Currently, AAVE’s fully diluted market cap is about $1.4–1.5 billion.
In a report released by Grayscale in June, using a DCF model, they gave AAVE a fair value range of $80–100, with a one-year target price of $175—reasoning based on traditional fintech companies’ 20–25x P/E ratio, corresponding to a reasonable market cap of $1.2–1.5 billion.
Note: When Grayscale released this report, AAVE spot price was only around $73. Now, AAVE has risen to the $130–145 range.
The "fair value" judged by Grayscale has already been priced in by the market ahead of time.
So what’s next?
Aavenomics 3.0 is not about answering "how much money can Aave make"—that question has been answered: $400 million.
It’s about answering: how much of Aave’s earnings will turn into AAVE buy pressure.
When buybacks change from "committee approval once a week" to "protocol automatic daily execution," the valuation anchor shifts from "TVL + governance premium" to "cash flow + buyback yield."
These are two completely different pricing systems.
The former gives a governance token valuation. The latter gives an income-generating asset valuation.
Grayscale’s $80–100 may just be the starting point of a revaluation.
Aave has long held both extremes in DeFi: the most profitable protocol and the token least regarded as a "business."
What 3.0 aims to do is simple: weld these two ends together.
In the coming weeks, Aave’s quarterly call will announce the full specifications and governance timetable.
Until then, you can keep asking yourself this question:
Why shouldn’t the $400 million Aave earns turn into buy pressure for your AAVE?
$BTC $ETH $AAVE $BTC Normally, interest rate hikes tighten the purse strings, so assets should fall, but this time everything rose. The core reason is three words: expectation gap.
The market had long priced in the "interest rate hike" in advance, and asset prices had already fallen once. When the hike actually landed, it turned into a case of bad news fully priced in, and funds began to reverse to go long.
The US stock market rose because this rate hike background is different. The economy itself still has resilience, corporate profits are growing, especially AI-related investments are still expanding strongly, and profit growth offsets the valuation pressure from rising interest rates.
Bitcoin rose, with the direct trigger being the Fed's dot plot leaning dovish, implying no sustained aggressive rate hikes. Investors who had heavily shorted were forced to cover by buying, triggering a short squeeze, and short liquidations accelerated the rise.
Gold rose, with a deeper logic. Traditionally, rate hikes are bearish for gold, but now the market worries not only about interest rates but also about the sustainability of US debt and weakening dollar credit. Central banks worldwide continue to buy gold, and investors use gold to hedge currency depreciation risk. These medium- to long-term buy orders support gold prices.
In short: this rate hike is seen by the market as the "last one," combined with the AI profit story and dollar credit concerns, funds are actually willing to buy.
Rate hikes are actually bullish for $CRCL,
an interest-earning stablecoin.
Bitcoin in the left hand, crcl in the right hand,
How can I lose September 21｜AVAX heats up, Helicon upgrade countdown begins
Today's focus on AVAX is not just about the market. Avalanche officially plans to launch Helicon on the mainnet at 15:00 UTC on September 22, and nodes need to upgrade to AvalancheGo v1.15.0 in advance. The upgrade brings continuous execution to the C-Chain and introduces automatic staking renewal and dynamic minimum Gas prices. Network performance and validator rules will be adjusted together.
What is easier to overlook is the staking constraints: the minimum staking period is shortened to 48 hours, but the required online rate to earn validation rewards is raised from 80% to 90%. While flexibility increases, the operational quality threshold is also higher. Some reward parameters will be gradually adjusted after the upgrade, so the protocol update should not be directly equated with token value growth.
In terms of popularity, AVAX ranks 4th on the CoinGecko trending list; OKX's AVAX-USDT 24-hour quoted trading volume is about 35.25 million USDT, ranking about 11th among all USDT spot pairs. Popularity is just a daily topic signal.
$AVAX #AVAX
For informational purposes only, not investment advice. $BTC $ETH $ZEC
1. Ideal Bull Scenario: CPI and PPI cool down + 10-year yield declines + ETF maintains net inflow → BTC has a chance to break through 82300.
2. Sideways Scenario (most likely): Inflation data meets expectations, ETF sees slight inflows and outflows, options cause oscillation disturbances, BTC consolidates back and forth between 77500-82000 range.
3. Bear Scenario: Inflation data rebounds sharply, yields surge, ETF turns to net outflow → breaks below 77500, opens downside space, tests the 75500 lifeline.
Practical Monitoring Sequence
First watch CPI inflation data → then watch US Treasury yields → verify if ETF funds cooperate → options only serve as a reference for oscillation disturbances.
Summary in one sentence: Macro sets the big direction, ETF determines the rebound strength. I think the second scenario fits better, mainly a tug of war between bulls and bears…Crash Breakdown
$G crashed today, down 21.93% in 24 hours, with a volatility amplitude reaching 56.75 percentage points, directly slamming the market.
Current price is $0.006246, with a trading volume of $12.85M, volume at least doubled compared to the same period, indicating significant capital movement.
The 24-hour high was $0.009214, the low was $0.004674, creating an operational space with a 56.8-point difference between high and low.
Belonging to other sectors, this round of crash is not an isolated coin event; at least 3 coins in the same track moved synchronously, showing clear sector linkage effects.
First layer of selling pressure: profit-taking concentrated on closing positions; second layer: smart money reduced positions by at least 32 percentage points in advance; third layer: retail panic selling causing a cascade.
Observation point: check if large capital is absorbing during the decline; if trading volume shrinks to less than 30% of today's volume, then it is a real drop, not a shakeout.
In short: do not chase abnormal moves, wait for absorption to finish and observe the structure; if the structure breaks, do not stubbornly hold on.
Data comes from OKX public spot market data, for informational purposes only, not investment advice.
That's all, the rest depends on your own judgment. 🔥🔥🔥 Today the three brothers are like roommates having a regular meeting.
$ETH $DOGE $SOL
$ETH is the old employee who works overtime every day: Glamsterdam upgrade is rehearsing on Sepolia, testing will continue in October, and the spot ETF is also attracting funds. The price hovers around 2639, as if saying "I have a roadmap, don’t rush me."
$SOL is the competitive roommate, squeezing block production down to 250ms, with ETF inflows for more than ten consecutive weeks. The price surged to around 111, walking with the wind, often saying "a little faster."
$DOGE is the easiestgoing one; the co-founder posts a "We're So Back?" meme, and the market rallies with it, rising nearly 4%, but the current price is stuck at 0.09, like the group member who only posts emojis without updates. My account feels: $ETH makes me wait for upgrades, $SOL makes me wait for pullbacks, $DOGE makes me wait for Elon Musk to post about dogs again. Conclusion—watch all three coins together, like three cups of coffee: one Americano for efficiency, one espresso for speed, one milk tea for emotion. Drink too much and you’ll lose sleep; don’t go all in, and don’t ask where the bottom is. I just came across two real trading monologues in the community, and after reading them, I felt a mix of emotions. Some people started shorting SanDisk, carrying trades from 800 and constantly borrowing and adding positions to try to withstand the market. After two months of intense mental stress, health problems broke out, and they were burdened with 60,000 yuan in debt, with monthly online loans suffocating. They went through $RAVE zero, went two days and nights without eating or sleeping, investing time, health, and daily life, only to end up with nothing to worry about. Now they hold $ZEC short positions at high levels, with unrealized losses constantly widening, day and night reversed, eating and sleeping all controlled by candlestick charts. They have no time to respond to family greetings. They used to share risk control and teach people how to cut losses in groups, but now they are trapped and burdened with multiple loans, caught in a dilemma. This is the harsh reality of leverage and holding positions against the trend. Crypto itself is a highly high-risk game; sudden price swings and market makers luring bulls and bears are the norm. Never borrow or go all in with your own funds. I recommend everyone strictly follow the Taleb barbell strategy: only use less than 10% of your total funds to participate in the crypto market. Even if you lose all of it, it won't affect your daily life; The vast majority of your remaining funds should be invested in low-risk assets. Actually, I sometimes can't see the market clearly. There are traps everywhere, and you must ensure that if you misjudge, you won't die. This is my minimum requirement for trading strategy quality. Don't fantasize about profiting every trade; the market won't sympathize or be unwilling to accept it. Always remember: living in the market is more important than making huge profits in one round. Don't let it happenTo be honest: what I'm watching now is the S&P 500's 200-day moving average (around 7,180), not any on-chain indicators. $BTC
As long as stocks hold this line, "risk appetite" is still alive, and $BTC will move at its own pace. But if the S&P closes below it? Bitcoin will follow down as well. $ETH
It's nothing rocket science. Just the things that really matter. $ONE 20x leverage, entered at 2482, position opened three weeks ago.
Four days ago, still down 1.6 million, today ETH surged 5.5%, directly turning a profit of 2.29 million.
I casually calculated: from -1.6 million to +2.29 million, a difference of 3.89 million. A 5.5% increase lifted this position from ICU to KTV.
But wait.
Holding 20x leverage for three weeks, with a floating loss of 1.6 million not liquidated, means this person either has ridiculously thick margin or simply didn’t watch the market.
I lean towards the latter—anyone truly watching a 20x position would have cut losses hundreds of times during that 1.6 million floating loss.
So this 2.29 million profit isn’t because he’s that great, it’s because he held on.
Those who hold on earn money from those who can’t; this market has always been this straightforward.
As for me? I can’t even hold for three weeks, so I can only do the math for others.
#ETH冲高2700美元，质押与资金面现分化
#BTC维持8万美元，加密市场修复扩散 #全球高利率预期再升温 $ETH Only focusing on #BTC's $89,070 means completely giving up the opportunity of volatility within the range.
The saying "compression must lead to expansion" is not wrong in itself, but the direction of expansion is not necessarily upward.
Waiting for a higher price to enter can indeed avoid false breakouts, but if the price expands downward first, waiting turns into missing out and being wrong about the bearish trend.
Not scalping is fine, but "sitting still" and "only playing one side" are two different things.
The real opportunity cost is not just earning less, but also the passivity when misjudging the direction.#ZEC high-level oscillation, long and short positions begin to diverge
ZEC dropped from 1595 to 1445, with both longs and shorts being liquidated—the shorts are pushed to the edge of the liquidation line, and the liquidation price for longs is less than 5% away from the current price. This is not a directional choice; it is leverage mutually strangling each other.
On the short side, the worst hit is Garrett Jin. He holds about 202,000 ZEC spot and is shorting 38,000 ZEC on Hyperliquid, defined as "partially hedged." The unrealized loss on the short position has rolled up to 33.83 million, with a liquidation price far above 4789. Another short, 0x362a, was stopped out 7 times, with the liquidation price raised from 1509 to 1550.6, only 4.4% away from the current price, and placed a buy stop loss at 1550—almost right at the liquidation line.
The longs are not doing much better. The liquidation prices of long positions held by four whale addresses are only 2.3% to 4.9% away from the current price, collectively holding about 17.98 million USD worth of ZEC longs. 1550 is the largest liquidation wall on Hyperliquid, stacking about 20.4 million USD. In the past 12 hours, the entire network has liquidated 99.05 million USD, with shorts accounting for 66.99 million USD, and ZEC itself liquidated 23.26 million USD, ranking first.
ETFs are still buying, but the buying momentum is slowing. ZCSH has a cumulative net inflow of 233 million, with AUM reaching 890 million, and the highest single-day inflow this week was 46.6 million. However, the price fell back from 1595, indicating that the passive buying from ETFs could not absorb the selling pressure from leveraged positions. 🟠 $BTC + 🔵 $ETH | 15M
BTC defines the market structure. ETH tests its breadth.
When price, volume and OI align, participation has stronger confirmation. Divergence signals a less convincing move.
BTC leads + ETH confirms → 🚀 Expansion
BTC leads + ETH weakens → ⚠️ Narrow Strength
Let breadth validate direction. 🔥#CryptoRecoveryBroadens 🚨Warning! North Korean hacker group WaterPlum disguises itself as an AI/crypto company recruiting, delivering malware to developers. The group has infected over 30,000 devices in more than 100 countries and stolen at least $10.7 million from 7,000+ crypto wallets. Be cautious when job hunting!👀 #Cybersecurity Honestly, I can't confirm whether ZEC has already formed a local top. But after such an aggressive rally, a correction of $300–$400 is certainly a scenario worth watching. My first downside target is around $1,250. What's interesting is that ZEC's recent price action has become increasingly detached from $BTC and $ETH. It continues to experience sharp, independent moves, with volatility that stands out even among major altcoins. This kind of price behavior often appears in overheated assets wherTrading Log｜1U Challenge 1000U
Current Account: 34.72U, Today's Profit +27.36U (+371.73%), Target 1000U, Next Target 100U
Asset: PONSUSDT, New Coin, Current Price 0.5895, 30-minute Cycle
Market Overview: 24h Range 0.5564~0.6126, Previous High 0.7031, After Decline Entered a Consolidation Rebound. STOCHRSI is in the Mid-Range, Short-term Oscillation Battle.
Key Levels: Resistance Above 0.6126, 0.6460; Support Below 0.5564.
Long Position Strategy
Logic: Relying on the support at the low point 0.5564, aiming for a rebound within the range.
Entry: Stabilize near 0.5600 on pullback to try long
Stop Loss: 0.5550, exit if it breaks below previous low
Take Profit: First target 0.6126, second target 0.6460
Short Position Strategy
Logic: Rebound meets resistance at pressure level, aiming for a pullback.
Entry: Try short at rebound pressure 0.6100–0.6120
Stop Loss: 0.6160, abandon short if it breaks above high
Take Profit: First target 0.5900, second target 0.5564
Risk Control: New coins carry much higher risk than mainstream coins, with volatile swings; only very small positions should be tried, never hold through losses.
Challenge Insights
A big profit on one PONS trade brought the account to 34.72U. New coins have strong explosive potential but hide huge risks. With small capital sprinting, profits must be protected by risk control, steadily moving toward 1000U.Many people ask me whether $BTC81509 should be long or short. I say first look at the structure. The resistance at 82088 is a strong pressure point that has been tested three times without breaking through. The support at 80100 is the bottom line that hasn't been broken from previous lows. The middle point at 75890 is the watershed between fast and slow lines. The price is below the watershed, leaning bearish but hasn't broken support; this is called "weak oscillation." My approach: don't chase shorts, wait to go long at 74900, stop loss at 79600, with a small position of 5000U. Losing 200,000U taught me: in a choppy market, don't guess the direction, wait for the position. #This week's FOMC announcement, will the rate hike land? $BTC #BTC维持8万美元，加密市场修复扩散 When Trump said "decision phase," the crypto market immediately dropped out of respect. On the evening of September 20 Beijing time, Bitcoin fell 1.29%, Ethereum, BNB, and XRP dropped over 2%, Solana fell over 3%, with more than 100,000 liquidations in 24 hours, totaling $240 million in liquidations. On the same day, the Speaker of the Iranian Parliament declared that the Strait of Hormuz will remain closed until conditions are met, causing oil prices in the dark market to surge over 1%.
The short-term logic is straightforward: geopolitical risks are heating up, funds are withdrawing from high-leverage risky assets like crypto and shifting to safe havens. Bitcoin's correlation with Nasdaq has risen to 0.96, and the so-called "digital gold" narrative yields to liquidity contraction under fire. But another trend is emerging: the U.S. Treasury just sanctioned the Iranian exchange BitBank, accusing it of helping the Revolutionary Guard transfer hundreds of millions of dollars in Bitcoin. The tighter the sanctions, the more Iran relies on crypto channels—transit fees for the Strait of Hormuz are settled in Bitcoin, with a market size of about $7.8 billion.
The strategy is simple: in the short term, follow risk appetite—when risk aversion rises, crypto takes the hit first; in the medium term, watch Iran's rigid demand for crypto after sanctions and whether the "crisis utility asset" narrative can gain momentum. The real variable is the moment when a "very significant event" unfolds—if it's a limited strike, the negative impact is fully priced in; if it escalates comprehensively, no one can remain unscathed. This is not investment advice #闪迪涨近11%，下周纳入标普100
SanDisk (SNDK) saw a nearly 11% surge after announcing its inclusion in the S&P 100, followed by profit-taking; U.S. stocks dipped 0.84% pre-market, and the on-chain derivative token SNXX dropped 1.58%, with positive news priced in early.
Speculative trading ahead of passive buying: Official inclusion in the index next week means passive funds must step in to buy, prompting some short-term speculative capital that had positioned early to take profits and cash out after the news.
Storage chip supercycle established: The explosive demand for high-speed NAND Flash driven by AI computing power expansion receives top index endorsement, marking the semiconductor cycle's substantial spread from underlying computing power to upstream storage media.
Amplified volatility of on-chain tokenized assets: The deeper decline of tokenized assets like SNXX after the positive news highlights the market's efficient correction of short-term pricing deviations in a permissionless 24/7 trading environment.
As passive funds are about to be forced to buy, the stock price pullback raises the question: is this a deliberate dip to accumulate shares before institutional entry, or a retail investor trap after all the good news has been fully priced in?
$SNDK $SNXX
#闪迪 #标普100 #存储芯片 #美股代币 #OKXWith our speculative BTC short from all the new long signals, the outlook has become worse. Although, of course, against the backdrop of looming VERY convincing signals of a market reversal in the bullish period and the opening prospects, it is not the biggest trouble. The price in this hour returned a steady uptrend on the 1.5-hour TF. With a target density of up to $83,993. And on this TF, the downtrend was the last on the hourly TFs. Therefore, as we wrote, we have "passed" so far, and closed the part of the short that we had been collecting on the night from Saturday to Sunday.BTC short-term trend
$BTC #星球日报
Short-term strategy suggestions:
For holders (core): Firmly hold long positions, move stop loss up to 80,800. Path: Break through 81,911 → reduce 1/4 at 82,272 → reduce 1/4 at 82,814 (ATH) → clear most positions between 83,100-83,500, keep a small position for extension.
For those without positions (two entry methods):
1.
Dip buy (preferred): Buy on dip and stabilize at 81,000-81,300, stop loss at 80,750, target 82,272-83,500;
2.
Breakout chase (confirmed): Buy on volume breakout at 81,911, stop loss at 81,300, target 82,272-83,500; can add positions after breaking 82,272.
Risk control red line: Reduce half position if it falls below 80,900, exit all if it falls below 80,085 (Wave ⑤ count failed, may evolve into a larger scale correction, looking down to 79,000-78,450 POC).
Current status: 81,669 is only 240 points away from 81,911, at the critical point of the third buy confirmation. This is the last right-side confirmation window before the main upward wave—either break out with volume at 81,911 to enter directly, or wait for a pullback to 81,500-81,700 after breakout to buy back. Do not heavily short below 81,911: under the resonance of uptrend + rising pivot + strong Delta, the expected value of counter-trend shorting is negative. #ZEC high-level volatility, long and short positions begin to diverge
Privacy coin leader ZEC faced profit-taking selling pressure after approaching the $1,600 integer mark, plunging 4.17% intraday. High-level leverage started to liquidate, and the derivatives market showed significant divergence between long and short positions.
Profit-taking concentrated before the key technical level: After continuous rallies, a large amount of unrealized gains accumulated. The $1,600 psychological resistance triggered major funds to actively lock in profits, causing short-term liquidation among bulls.
NU7 upgrade and fundamental tug-of-war: Although the underlying technology's optimization of zero-knowledge proof efficiency provides long-term fundamental support, it is difficult in the short term to sustain a unilateral surge detached from the broader market. A correction to deleverage is inevitable.
Privacy premium faces liquidity test: Global regulatory tightening grants scarcity premium to privacy coins, but in a market lacking overall fresh capital inflow, high turnover of non-mainstream assets at elevated levels often accompanies intense volatility.
After a sharp 4% short-term drop, is ZEC forming a double top to lure bulls for distribution at the high, or are major players using the market weakness to conduct a deep squat washout in preparation for the next explosive move?
$ZEC $BTC
#ZEC #PrivacyCoin #ZeroKnowledgeProof #NU7Upgrade #OKX$SUI bounced back from 0.68 to 0.95, up 11% today, but don't forget how it crashed in May
SUI's volume ratio today is 1.16, no volume explosion, RSI at 71, neutral to slightly strong.
Some fundamentals: SUI is an L1 using the Move language developed by ex-Meta (Diem/Novi) folks, with parallel execution + Mysticeti consensus, high TPS, fast confirmation, truly technical. Why did it surge to 1.4 in May? Nasdaq-listed company SUI Group pledged and locked 108 million tokens (2.7% of circulating supply), directly draining liquidity to create a supply squeeze; plus Mysten Labs launched gasless stablecoin transfers + privacy transactions, and Nigeria's Paga adopted USDsui for cross-border payments. TVL is 2.6 billion, stablecoin transfers exceed one trillion, it's not just hype.
But heads up: after surging to 1.4 in May, it crashed straight down to 0.68, more than halving. Why? Token unlocks + VC sell pressure + a history of multiple outages. Today's 11% gain looks more like a recovery rebound from the 0.68 bottom, not a new breakout.
⚠️ SUI is a good project, but unlocks are looming and volatility is huge. RSI 71 isn't cheap; wait for a pullback to MA5 (0.83) without breaking it before going up, don't chase the spike. $ZEC Does this pullback smell like a juicy opportunity?
Yesterday's clear plan: pullback around 1420-1440, buy near 1400, target 1480-1520. Today the high directly hit 1547.99, breaking through the target range, exceeding expectations by nearly 30 points. From the low of 1428, that's nearly 120 points of upside. Those who entered at the key point are fully satisfied.
Many must have panicked and sold at a loss during yesterday's drop, right?
We've long established: this is profit-taking + high-level consolidation, not panic selling. The low-level buying support is sufficient, so stabilization and rebound are inevitable.
Don't chase highs, don't rush blindly. When pullbacks offer opportunities, steadily buy low. This is the rhythm of making money.
The bear market levels are always built on solid action, never ambiguous hindsight.
#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 #BTC holds at $80,000, crypto market recovery spreads $BTC has stayed above 80,000 for several days now, dropping to around 75,000 last week before quickly bouncing back. The most interesting part of this recovery isn't the gains themselves, but that almost all the negative factors have already hit — Fed rate hikes, Clarity Act blockage, which according to past patterns should have caused further drops, yet the market has instead stabilized.
More importantly, funds are starting to spread into altcoins. Some second-tier projects have clearly moved faster than BTC these past few days, and the overall altcoin market cap has risen accordingly. Many are still waiting for a "confirmation signal," but the market is already telling you: panic is subsiding, and the support is thicker than expected.
What we really need to watch next is whether the 80,000 level can repeatedly hold. If it holds, the recovery is of quality; if not, the previous rebound was likely just short covering. The current rhythm has shifted from a one-way decline to a choppy recovery, and trading pace should adjust accordingly. $SPCX
The process of SpaceX shifting from Falcon to Starship will bring about some interesting phenomena, namely a period during which SpaceX's annual launch count and payload delivery volume both decline sharply in a cliff-like drop.
In fact, this sign is already visible now. With the retirement of recovery ships and the East Coast no longer conducting Starlink launches, SpaceX has only completed 6 launches this month. This situation will become even more apparent in the coming months.
This will be a very useful indicator because it is a typical trap data point. Without understanding the technical iteration process and only superficially discussing the data, one might mistakenly interpret this as negative, overlooking the performance leap brought by technological breakthroughs. This insight can help you easily distinguish which accounts are not worth following."The biggest bull market in history starts on Monday" — such calls with exact dates are often the least reliable.
The big moves for #BTC and #ETH never start according to the calendar but are driven by liquidity, capital inflows, and sentiment resonance.
Treating "Monday" as a switch is more about creating urgency than analysis.After ZEC rises to a high level, it begins to fluctuate violently, and long and short positions start to diverge. The most tormenting aspect of this stage is that the upward logic hasn't disappeared, but the trading structure is already very crowded. Previously, while ZEC spot prices were rising, the open interest in futures also increased rapidly; this means that in the market, there are not only those who are long-term optimistic about the privacy narrative, but also a large amount of leveraged short-term funds waiting for the next big bullish candle.
High-level sideways movement does not necessarily mean an immediate top; it could also be a chip exchange. But once the price continues to hit new highs and open interest surges sharply while spot trading volume can't keep up, it is not a healthy turnover but rather accumulating water for a liquidation waterfall.
I won't argue about the ultimate value of ZEC at this position. What is more practical is to observe whether the funding rate, open interest, and spot price move in the same direction: if spot drives and leverage follows, the trend can continue; if leverage charges ahead while spot hesitates, it often ends in a stampede where everyone thinks they can escape first.
#ZEC高位震荡，多空仓位开始分化 The SEC allows certain tokenized U.S. stocks to be traded on permissioned chain venues, and UNI immediately surged. The market is cheering "DeFi is finally accepted by Wall Street," but what I see is something even more interesting: in the future, there may be two sets of DeFi—one permissionless and emphasizing openness; the other with identity verification, whitelisting, and legal responsibilities, serving institutional assets specifically.
This is not traditional finance surrendering to the crypto world, but more like it picking the useful parts such as AMMs, on-chain settlement, and 24/7 trading, then putting them into a regulatory-controlled framework. For Uniswap, the real opportunity may not just be having more trading pairs, but whether it can become the underlying standard for compliant liquidity.
Also worth noting: the SEC approval is a five-year, conditional pilot, not that all on-chain stocks suddenly gain legal status. UNI's surge is driven by imagination, but what needs to be realized next is institutional access, real transactions, and compliance costs.
#SEC代币化股票创新豁免落地，UNI盘中涨超21% ETH has returned to around $2600. The biggest feature in the past two days is not a one-sided rise, but repeated oscillations.
Previously, ETH twice attempted to break above 2600 but fell back; now it has stood back at this level, indicating that 2600 has become the true short-term dividing line between bulls and bears.
Why is it so volatile?
On one hand, BTC has reclaimed $80,000, and the overall market risk appetite has clearly recovered, naturally bringing funds back to ETH; on the other hand, there are obvious trapped positions and profit-taking above 2600, so whenever funds push the price up, some cash out, resulting in the "rise—drop—rise again" pattern.
This is actually more worth observing than a simple rise.
If ETH can stabilize after repeated oscillations above 2600 and further break through the previous highs near 2660-2670, then this recovery rally may truly open up space. Recently, around 2667 is a relatively obvious resistance area.
Conversely, if repeated attempts to break 2600 fail and it finally falls back below 2500, then the recent rise looks more like range-bound oscillation rather than a trend reversal.
In short-term trading, I am now focusing on two levels:
Stabilize above 2600 → watch for a breakthrough at 2660-2670; repeated failure to break 2600 → guard against a pullback near 2500.
Further down, the 2450-2480 area is an important previous support zone. When ETH quickly fell from around 2600 before, it also retested the 2450 area.
So now, what ETH fears most is not oscillation but mistaking oscillation for a one-sided trend UNI touched 9.44 and got slammed back down
A single upper shadow, with sell orders all above 9, clear as day.
The data looks like this: RSI dropped from 84 to 75, overbought is being digested. OI still hangs at a record high of 86.61 million UNI, no leverage has been withdrawn.
What are they betting on: betting this is just an emotional pullback, not a trend reversal. The fundamental improvement is real, the pullback is just giving back the overextended gains.
But the fee subsidy expires on the 29th, and this news hasn't landed yet.
RSI 75 is still overbought, it can get slammed down further at any time.
Chasing in at this position, are you catching a falling knife or buying the dip? You decide.
#SEC代币化股票创新豁免落地，UNI盘中涨超21%
#BTC维持8万美元，加密市场修复扩散 #ETH冲高2700美元，质押与资金面现分化 $UNI BTC holds at $80,000, and what truly excites me is not this bullish candle, but that funds are finally no longer just clinging to BTC for warmth. ETH, SOL, UNI, and ZEC are rallying in succession, indicating that risk appetite is shifting from "defensive holding" to "actively seeking resilience."
But the diffusion rally can easily get people carried away: BTC is stable, altcoins are rising, it seems like everyone has a chance, but in reality, funds may just be rotating rapidly among a few hot narratives. To judge whether this recovery can go far, I care more about three things: whether stablecoins continue to flow into trading platforms, whether altcoin rallies are supported by spot trading, and whether strong coins can hold up when BTC dips slightly.
If the answers are all yes, this rally could evolve from a rebound into a trend; if the rise mainly relies on contracts and chasing momentum, the lively scene will end very quickly. We can be optimistic now, but don't automatically translate "broad rally" into "blind buying."
#BTC维持8万美元，加密市场修复扩散 Tesla $TSLA remains an amplifier of sentiment after tokenization. Versions like $xTSLA, rTSLA, and B20 coexist, with net values ranging from several million to tens of millions. It commonly fluctuates slightly with tech stocks within 24 hours (active writing roughly +3% magnitude for monthly or short-term descriptions; daily level depends on the specific pool). TSLA has a dual identity in the crypto world: it is an automotive/robotics/energy company and also a derivative of Musk's attention. The weekend effect is especially noticeable — traditional brokers rest, but on-chain trading continues with "What did Musk say today again." The risks are high volatility + high valuation + token basis risk. Creators should not just write "Tesla always goes up" but clarify: tokens let you buy volatility, not necessarily voting rights. In the past day, it has behaved more like a sector follower rather than driven by standalone news. #特斯拉SpaceX投建168亿美元AI芯片厂 #马斯克称AI将占SpaceX价值99% #星球日报 Korean capital is flowing back into the crypto market, so why prioritize DOGE?
The Asian capital window has reopened, and DOGE is at the forefront of the market.
BitMine Chairman Tom Lee pointed out that Korean capital is returning to the crypto market, with large amounts of funds withdrawing from high-level AI stocks. He will also attend Blockchain Week in Seoul.
Korean retail investors have long been strong supporters of DOGE. In the last bull market, DOGE's trading volume on Korean exchanges once surpassed BTC, with frequent premium occurrences known as "kimchi premium."
When capital flows back, retail investors tend to choose familiar, established assets. DOGE has a low entry barrier, high spread, and a solid community, combined with Elon Musk's narrative, which highly aligns with Korean retail preferences.
Logic chain: AI high-level funds cash out, seeking new tracks; crypto bottoms out in Q4, retail funds often act before institutions, making Korean capital's first choice $DOGE.
Key indicators to watch next are DOGE trading volume on Korean exchanges and the kimchi premium, as these two metrics are leading signals of capital inflow.
Believe in $SNDK, believe in the light
Believe in $DOGE, the people's currency
One is a narrative chasing the light, the other is a currency for ordinary people.
#BTC维持8万美元，加密市场修复扩散 #ETH冲高2700美元，质押与资金面现分化 Tokenized stocks today are in the same position as stablecoins were in 2019.
Back then, no one believed on-chain dollars could succeed, but once the first product-market fit (PMF) arrived, it exploded to massive scale within a few years.
Putting stocks on-chain follows the same logic as putting dollars on-chain back then.
We've already seen the first wave of growth push the scale to tens of billions. What we need to watch next is whether this wave of "on-chain US stocks" can replicate the penetration curve of stablecoins or if it's just another round of narrative bubble.🤔$ETH pulled back from 1500 to 1400 yesterday, and almost everyone in the dynamic group was saying that the ZEC bubble was coming and the market was about to end.
However, after just one night, it climbed back above 1500. Think about it, when ZEC was at 800, everyone was shouting the same thing—did the bubble come? Now it has risen to 1500, is 1800 far away?
Look at my short position first, entered at 868.79, now the mark price is 1511.92, with an unrealized loss of -222.07%. Honestly, I’ve been repeatedly crushed by ZEC.
But I also realized one thing—ZEC shorts have long become fuel. The funding rate is deeply negative, shorts are still paying to hold positions, and the fuel for short squeezes is far from exhausted. In the past 24 hours, ZEC contract liquidations exceeded tens of millions of dollars, with shorts accounting for the vast majority. As long as shorts don’t die, the market won’t stop; shorting now is just feeding the market makers.
Why can’t ZEC fall?
First, shorts are extremely crowded. Retail investors are frantically shorting, thinking it should correct after such a rise. But would market makers be so kind as to let shorts profit? Every rally is a short squeeze, shorts liquidate each other, pushing the price even higher.
Second, the fundamentals have completely reversed. Privacy narrative + Grayscale ZCSH spot ETF + Ironwood upgrade, three major positives combined. ZEC’s shielded pool balance increased to 4.86 million coins, accounting for 28.7% of supply, with a large amount locked in anonymous pools, reducing circulating supply. Institutions are buying, chips are locked, so selling pressure naturally decreases.
Third, ZEC has developed a completely independent trend. When the market falls, it rises; when the market is volatile, it still rises. Even when Ethereum dropped over 8%, it still rose, completely defying gravity. Capital treats it as a safe haven, and liquidity flows entirely to ZEC.
What’s next?
ZEC rose from 800 to 1500, is 1800 far away? Shorts can only hold on hard; as long as they don’t get liquidated, hold them. But brothers, don’t follow me—don’t short this kind of monster coin; going long with the trend is the only way to get a bowl of soup.
Brothers, do you think ZEC can reach 1800? Let’s chat in the comments!
$BTC
$ETH
#BTC维持8万美元，加密市场修复扩散 Sisters, has this bull market really started this time?
My long position of 76,000 in Bitcoin has indeed come through, but thinking back to last year when I stubbornly held and averaged down from 110,000, being deeply trapped for half a year, worried every day about liquidation, now BTC is stuck at 81,249, holding above 80,000, with a floating profit of +48%. This is definitely not easy money.
Looking at the market, SAR is supporting at 81,027, MACD shows a golden cross above the zero line with expanding red bars, indicating that bullish momentum is indeed strengthening. On the macro side, the Fed's rate hike expectations still cause disturbances, the US crypto tax bill advancement brings regulatory concerns, BTC maintains the 80,000 level but liquidity is thin over the weekend. Recent events like ZEC short squeeze, AKE flash crash, and the $DOGE high-leverage disaster warn us: the margin for error is extremely low.
If the major trend holds above 81,000, the next targets are 85,000, then pushing to 90,000 or even 96,000. But don't blindly copy the “stubborn averaging down” that once saved me; that half year almost wiped me out. A true bull market never makes it comfortable for the hesitant to get in, but high leverage plus stubbornly holding against the trend equals handing profits away.
In terms of strategy, keep a light spot position to hold the bottom line, absolutely avoid 50x leverage, set good stop losses, no averaging down, no stubborn holding, no fantasies. Cash is king, survival first, don't let floating profits turn to zero, surviving to 96,000 is the real win. 🤦♂️💀
#BTC维持8万美元，加密市场修复扩散 #ETH冲高2700美元，质押与资金面现分化 🟠 $BTC + 🔵 $ETH | 15M
BTC remains the liquidity anchor. ETH acts as the broader-market filter.
The sharper signal is price moving with volume and Open Interest.
BTC strength + ETH confirms → 🚀 Expansion
BTC strength + ETH diverges → ⚠️ Caution
Structure needs participation behind it. 🔥#CryptoRecoveryBroadens #UNI21%RallyOnSECRule NEAR is currently the "most decent mid-tier public chain in AI+chain abstraction": Intents have accumulated cross-chain volume of over 29 billion USD, nearly 5.01 million in fees collected in the last 30 days, about 1.58 million in net protocol revenue, and buybacks totaling several million; inflation cut to 2.5%, MC≈FDV, no major unlocking risks, narrative bigger than AERO, weaker than HYPE in "income directly impacting token price."
But the price is running ahead of fundamentals: in September, boosted by Huang Renxun + AI agent to 3.9, RSI overheated, futures OI surged to 650 million, a pullback to 2.4–2.8 would be comfortable.
Strategy: do not chase above 3.3; try small positions at 2.4–2.8, if it breaks 2.2 look at 1.85; only if weekly closes above 3.33 can we talk about "AI infrastructure repricing."
Conclusion: NEAR is a mid-tier altcoin in the alt season, not a 100x dog; holding depends on Intents volume + real AI agent usage, not Twitter pump calls.$BTC has broken 82,000 again!
Last night before I went to bed, it was still hovering just above 80,000, and this morning when I opened my eyes, it was at 82,000. Got a scare, then breathed a sigh of relief 📈
Honestly, climbing back from that big bearish candle on September 15 was really tough. On the day the Senate rejected the Clarity Act, BTC plunged to 76,000, and my social circle was all red. Now it’s grinding back to 81,000, up about 5% in 7 days.
I haven’t moved my base position at all, holding tight. But the fear and greed index is around 70 now—not crazy, but definitely heated. ETFs had a net inflow of $430 million last Friday, so spot demand is real. The total market cap rose 4.6% in one day to around 2.85 trillion, with institutions piling into the top coins.
The problem is the 83,000 to 86,000 range is a dense trading zone. RSI is only 62, not overbought, but there’s significant selling pressure above. My personal view is this is a consolidation zone, not a breakout. Only breaking through 86,000 would be truly strong.
My friends who missed out sold at 76,000 last week and are now kicking themselves. The cost of being left behind...😭
Don’t ask me if I’m chasing. I’m holding my base position, neither adding nor reducing. Are you playing the long game or waiting for a pullback? Watching the market obsessively is annoying; turning it off actually makes things clearer, and when your eyes aren't glued to it, your mind stays calm. Last night before bed, $ZIL made another spike upward, but with low trading volume and no one to catch it, it felt like a bull trap. I judged it wouldn't hold, signaling that the rebound was a shorting opportunity.
Entered short at 0.003811, now at 0.003479, with a return of +173.7%. Though it was slow at first, the move turned out very profitable.
Panic comes from lack of planning; losses come from overthinking.
Hold as long as the trend is intact; exit once it breaks. Don't fall in love with stocks.
First close 80%, keep 20% to protect the cost basis; if it rebounds, don't give back your profits. If you haven't entered yet, don't rush—wait for the next move; there will be more opportunities.
$ZEC $LAB If the market consensus is that #BTC will only drop to $74K at the lowest, this consensus might actually be exploited.
The price could very well first dip below $74K, triggering stop-losses and panic selling, then quickly recover.
The real bottom often appears when no one dares to buy, not when everyone thinks "it will only drop this far."[Crypto/TradFi Information Summary] 2026-09-21 08:00 Important News 1. Whale Garrett Jin closes ZEC short positions, large losses drive market volatility. Garrett Jin, regarded as a representative of BTC OG, closed nearly 38,000 ZEC short positions held over nearly three months through market orders, directly pushing ZEC from $1,490 to $1,530. Hyperliquid's funding rate once surged to over 170% annualized. The total loss from this closed position was about $36.13 million, with the address's historical cumulative loss reaching $12.77 million; Currently, it still holds 1,330 BTC long positions, with a market value of about $107.8 million and an unrealized profit of $3.71 million. He previously stated that this short position was only a partial hedge and did not sell his ZEC spot holdings during this period. 2. Gemini's stock price continues to weaken, acquisition rumors resurface but faces significant real resistance. Since its IPO peak, Gemini's stock price has dropped about 80%, currently at $753 million; platform revenue in Q2 fell 38% year-on-year to $12.5 million, spot trading volume plunged 66% to $3.8 billion, and custody assets shrank from $18.2 billion to $8.4 billion. ARK Invest once suggested Hyperliquid might obtain key U.S. regulatory licenses through the acquisition of Gemini, but there has been no substantive progress so far; Additionally, the Winklevoss brothers hold 94.5% of voting rights,Key Points: BTC sets the direction, SOL and OKB each develop independent narratives
BTC is reconstructing its structure above $80,000. Glassnode identifies the $83,000-$86,000 range as the main resistance zone to overcome, with $80,000 remaining an important psychological reference point. Three marginal changes underpin the morning rally: negotiation signals from the Middle East caused WTI crude oil to break below the $100 mark, easing the previous dual pressure from "oil prices + US Treasury yields"; ETF funds continue to provide support, with a net inflow of $433 million on Friday; JPMorgan believes the CLARITY Act is not truly dead, which the market interprets as the worst being over.
SOL's logic lies in structural improvements in its ecosystem fundamentals. The SEC has issued a conditional exemption for tokenized stock exchanges, and Solana's trading V1 upgrade was simultaneously activated, increasing the maximum trade size from 1,232 bytes to 4,096 bytes. The total holdings of US spot SOL ETFs have reached $1.41 billion. However, short-term market data shows buying power is noticeably depleted near $112, the MACD histogram is approaching zero, and the current price is caught between the $111.65 resistance and the $109.53 pivot point.
OKB's independent driving force comes from the growth of the X Layer ecosystem. The total value locked in X Layer's DeFi has climbed to about $232 million. OKB, as the native gas token of this network, sees on-chain activity directly translate into token demand. After the tokenomics reform, a hard cap of 21 million tokens was set, removing the selling pressure from new issuance. This positioning as an "L2 gas token" fundamentally differentiates OKB's demand curve from traditional exchange tokens.
$BTC $OKB $SOL
#BTC维持8万美元，加密市场修复扩散
#ETH冲高2700美元，质押与资金面现分化
#SEC代币化股票创新豁免落地，UNI盘中涨超21% Previously, running a validator node on Avalanche required locking your AVAX for a full two weeks. What does this mean? Extremely low capital efficiency. Institutional funds have redemption cycles; being locked for two weeks means being effectively sidelined.
Tonight (September 22, 11 AM EDT, 15:00 UTC), the Helicon upgrade activates. This period changes to: 48 hours.
The threshold is cut by 85%.
First change: For validators
Previously, staking locked your tokens for two weeks per cycle, and at expiration, you had to manually restake, causing gaps and reward interruptions.
Now, with a 48-hour cycle combined with automatic compound staking (ACP-236), you set the cycle length and auto-reinvestment ratio, and the network automatically settles rewards and starts the next cycle at each boundary. Stake once, keep producing blocks, and rewards automatically compound.
Second change: For delegators — a detail most people overlook
Auto-renewal is only available to validators. Delegated staking does not support auto-renewal; each delegation must fit within a single validator cycle.
In other words: if you are a validator, you enjoy the convenience of "set once, earn passively." If you are a delegator, you must manually re-delegate every 48 hours.
This is the easiest pitfall in the Helicon upgrade. Don’t be caught off guard thinking the network is malfunctioning when your rewards stop.
Third change: For network quality
The reward threshold for online rate increases from 80% to 90%.
Fail to meet it? Rewards for that period are zeroed out, but your principal is not slashed.
This design is very clever: lowering the entry threshold lets you join, but the 90% online rate ensures you can’t slack off. Inactive nodes earn no rewards and will naturally exit. The entry bar is lower, but the retention bar is higher.
Fourth change: Inflation
The minimum consumption rate linearly decreases from 10% to 7.5% over 90 days. Official models estimate the shortest cycle’s annualized rewards drop by about 1.3 percentage points, and annual inflation decreases by 0.5% to 1%.
Staking rewards will decrease, but token dilution also decreases. Long-term holders need to consider the overall picture.
The market is already pricing this in
AVAX broke out from around $7 and surged to $11.38, nearly a 50% weekly gain. New York Life (managing $807 billion in assets) issued tokenized funds on Avalanche via Centrifuge, Aave is developing an institutional-grade RWA lending market on Avalanche, and NYSE parent company ICE is testing Avalanche for a 24/7 tokenized stock trading platform.
Technically, AVAX broke out of a descending wedge formed since the 2021 high. Analysts’ next target: the $19–20 range.
AVAX is doing something very smart
Lowering the participation threshold without lowering participation quality. The 48-hour lockup makes staking more like "flexible term," and the 90% online rate ensures you must be a "serious validator."
But improved supply structure doesn’t guarantee price increases; institutional narratives coming to fruition is the key variable. ICE hasn’t signed commercial contracts yet, and New York Life’s fund is just starting; these are still early days.
Validators must upgrade to AvalancheGo v1.15.0 tonight or they won’t follow the new chain.
$BTC $ETH $AVAX A piece of news about $BTC:
Saylor posted a picture with five words:
"A little more orange."
Those familiar with him know this code.
Strategy has been buying BTC since 2020, 114 purchases in total. Before each official announcement, Saylor would first post a holding chart on X with a few words. "Back to Work", "We're ₿ack", "Doing ₿usiness"... then the announcement comes out on Monday.
Today is Monday.
The last purchase was on August 31, at an average price of $80,318, spending $370 million. No purchases for three weeks now. Three weeks is a long time for Strategy—almost weekly buys in the first half of this year.
There is still $1.3 billion available in the account.
Some say Saylor keeps buying to boost the market, not out of true belief—maybe. But with 846,060 BTC at an average price of $75,412, the unrealized gains on this position are already many times the company's net assets; he has no reason to stop now.
The CLARITY Act failed, the Fed just raised rates—then he posted "A little more orange."
It's not saying it will definitely rise, but what smart money buys at times like this is worth paying attention to.
Today's official announcement, what are you still waiting for?
#BTC维持8万美元，加密市场修复扩散 $BTC Around $2435 is a crucial memory point that this round of ETH's rise cannot easily lose.
Before the surge on September 18, $ETH had once retraced to around $2435, then quickly recovered to $2600. The importance of this level is not because it is some magical technical line, but because it marks the starting point of the recent round of re-pricing between bulls and bears.
If the price experiences a deep pullback in the future, $2500 will be the first psychological defense line; once the area around $2435 is effectively broken, it means most of the gains from the big bullish candle are swallowed back, and the chasing funds may shift from profit to being trapped, causing a significant change in selling pressure structure.
Conversely, as long as the pullback can still find support above the previously broken zone, the market has a chance to form higher lows. An uptrend does not require the price to hit new highs every day, but it requires important pullback lows to gradually move higher.
I will not mechanically take profit or bottom-fish based on a single number, but I will observe how the price reacts here. The true role of technical levels is to help judge participants' costs and sentiment, not to predict the future. Whether $2435 can hold determines if this rally establishes a new platform or completes a cycle and returns to the original position.The market is rebounding, but this is not a "all assets rising together" rally. In the past 24 hours, BTC has rebounded moderately, with ETH and SOL outperforming BTC, while highly elastic assets like NEAR and AVAX have risen nearly 20%. However, at the same time, total market capitalization has not strengthened in tandem, and stablecoin supply has not expanded significantly. Currently, it seems more like structural repair + capital rotation, rather than a full bull market restart. 📊 BTC approaches $82,000, ETH and SOL outperform as of 09:23 HKT: BTC $81,947, 24h +0.97% ETH $2,696.51, 24h +2.79% SOL $113.02, 24h +2.36% Total crypto market capitalization about $2.82 trillion, 24-hour rolling -0.90%. BTC market share 58.15%. Fear and Greed Index 70, previous value 71, still in the "greed" range. This data set is quite interesting: all three major coins are rising, but total market capitalization continues to decline over the 24-hour rolling period. This indicates that not all assets are receiving incremental funds simultaneously, but funds are concentrating on a few strong coins. 🚀 NEAR +20%, AVAX +19% The real standout today wasn't BTC. Among the top 30 non-stablecoins by market capitalization: NEAR +20.14%, AVAX +18.88%. Highly elastic public chains clearly outperform BTC, ETH, and SOL. This shows the marketIt first drops before the market opens, then pulls back up after the open. This pattern is not uncommon before a stock is listed on the US market. It takes advantage of thin order books to squeeze out those betting against the direction first.
For outsiders, there is no insider information here, only a time lag in liquidity. Buyers at low multiples see the pullback and want to take profits, while short sellers see the decline and want to increase their positions. These two forces test each other before the market opens. The inclusion of $SNDK in the index itself does not change who profits or loses on that day; it only changes how much passive capital must buy at a certain point in time.
What’s really worth watching is whether the trading volume in the half hour after the open can sustain. If volume increases but fails to hold the pre-market high, then that pre-market move was just an illusion caused by thin matching.
#闪迪涨近11%，下周纳入标普100 $SNDK Arc's hype has gradually calmed down less than a week after launch
- Uniswap's daily trading volume on Arc has been below $80 million for three consecutive days
- USDC's daily transfer volume has plummeted, falling below $60 million
- Daily network fees have dropped to just above $10,000
- The top token launcher Argus created fewer than 4,000 tokens in a single day, a drop of over 95% compared to the first day
- The number of Dev addresses for Argus tokens decreased from 18,000 on the first day to just over 1,000
Arc has somewhat absorbed the hype and Fomo capital overflow from Robinhood Chain, but for Circle, which itself has no exchange business, the development of on-chain assets is largely unrelated
What it likely hopes for is to benchmark against Tron, enabling USDC to function as a payment currency with stable fees on the Arc network