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Coins that shut down their mainnet have instead surged nearly fivefold; the market is trading a "transformation narrative," not waiting for a funeral.
OKX ONE is currently about 0.00456 USDT, with a 24h open around 0.00275 and a high near 0.00517, up about 65% intraday; compared to about 0.00073 in early September, it has gained nearly 500% since the announcement around September 6 to shut down the mainnet (Odaily + OKX market data).
Harmony previously issued a non-binding proposal: to shut down the L1 launched in 2019, migrate ONE 1:1 via snapshot to Ethereum ERC-20, and shift token issuance toward AI video remixing; the official statement cited state actors and AI agents making protection costs too high, also mentioning the roughly $100 million bridge hack in 2022 and the controversial rollback deleting over 109,000 transactions after the shard vulnerability in August this year (CoinDesk).
Proposal ≠ mainnet shutdown completed, and the price increase before snapshot/airdrop implementation ≠ migration completion; validator compensation estimated at about $1.372 million ≠ chain offline. Both speculation and short squeeze may be driving the price; do not treat the shutdown as a certainty for positive realization. $ONE $BTC SUNDAY LIQUIDITY CHECK: DON’T TRADE WEEKEND PUMPS BLINDLY.
$BTC $81.5K | Defending the higher-timeframe weekly open.
$ETH $2.52K | Compressing tightly beneath key moving averages.
$SOL $110.8 | Pushing high beta, but funding rates are heating up.
Weekend moves thrive on thin orderbooks. The real test isn't Sunday's momentum, but whether spot bids defend these shelves when Monday cash volume arrives.
Are you preparing for trend continuation, or a weekly open sweep? 👀Vietnam is also going to issue licenses for the digital asset industry.
The plan is to issue the first batch of digital asset service provider licenses in 2026. This signal is actually more important than "Vietnam being crypto-friendly."
Because once the licenses are implemented, businesses like trading and custody will officially enter the regulatory system. The market that was previously in a gray area will start to have a compliant entry point.
More importantly, Vietnam has a population close to 100 million and is itself an important emerging market in Southeast Asia. When a country like this begins to establish a digital asset licensing system, the impact is not just local but affects the entire Southeast Asian market expectations.
In the past, most countries were more focused on discussing "whether to regulate."
Now, more and more countries are discussing "how to regulate, how to tax, and how to bring institutions in."
This means digital assets like $BTC and $ETH are gradually moving from the fringe market into the formal financial system.
Of course, regulation will also raise the threshold, and smaller platforms and gray-market businesses will be further squeezed.
But from the perspective of long-term industry development, the more licenses there are, the more compliant entry points exist, and the clearer the path for traditional capital participation becomes.
Vietnam’s license may just be the beginning of the Southeast Asian digital asset regulatory race.
Next, it remains to be seen which other countries will follow.ETH Weekend Market Review
ETH
• After the decline, 2570 held without a valid break below. In the short term, this is a corrective recovery and does not break the bullish structure, serving as support confirmation after the pullback.
• The strong resistance above is at 2670, which is the previous high plus a concentrated area of trapped positions. A volume-backed close above this level is needed to open up upward space; if it fails to break 2670, it is likely to retest the 2570-2540 range and oscillate.
• Your strategy: scale into longs in layers:
1. First layer: buy small positions near 2570 on the pullback;
2. Second layer: add positions if it pulls back to 2540-2520;
3. Stop loss: if it breaks below 2500 effectively, it means support has failed, and longs should be abandoned.
• Target: after holding above 2670, watch the resistance near 2730; if 2670 repeatedly fails, do not hold stubbornly, reduce positions and exit in time.
BTC Correlation Logic
BTC 82000 is a key level; a valid breakout (4-hour close above with volume) will drive ETH to challenge 2730;
If BTC is stuck under pressure around 82000 and falls back repeatedly, ETH will struggle to break 2670 resistance alone and will likely continue to oscillate within the range.
ETH hits resistance at 2670 and pulls back
→ Do not chase highs; consider buying again near 2570; if it breaks below 2500, wait for a new structure before following up.📊 $BTC: One month has passed, and the market structure still deserves attention.
Currently, I would redefine the key zones for BTC:
🔹 Core consolidation zone: $79K–$73K ✔️
🔹 Lower deviation zone: $71K–$67K ⏳
🔹 Upper expansion zone: $88K–$96K ⏳
BTC recently reclaimed above $80K, with a net inflow of about $433M into the US spot Bitcoin ETF on September 18, helping the market quickly recover from earlier pullbacks this week.
However, ETF funds are not continuously flowing in one direction — as of the week ending September 18, the overall net inflow into BTC ETFs was only about $6.2M, indicating clear market divergence.
👀 My key observation:
If BTC falls below the lower boundary of the range again and quickly dips before reclaiming the range, I will focus more on whether $71K–$67K forms a potential swing trading zone, rather than blindly shorting after a failed breakout.
Conversely, if the price can hold near $80K and gradually break recent highs, then whether the market expands to $88K–$96K in the next phase will become a structural change worth tracking.
📌 What truly deserves attention now is not a single candlestick, but: Range → Deviation → Reclaim → Whether it enters expansion.
$BTC #Bitcoin #Crypto #BTC $OKB Independent Market｜Key Support and Views After Breaking Through $122
Mainstream coins are consolidating, altcoins are weak, but OKB is moving to its own rhythm. It has risen 26.5% in the past 30 days, once breaking through $122 intraday with a gain of over 5.5%, making it one of the few tokens in the current mainstream sector showing an independent trend.
First support: $107-108 — the first line of defense converted from the previous range high. As long as the daily close does not fall below this area, the current breakout structure remains valid.
Second support: $102-105 — the next support zone if $107-108 fails. Breaking below here means the breakout has failed and the direction needs to be reassessed.
Resistance above: $118 is the confirmation level; closing above it opens the $120-125 range.
This rally has substantial underlying support, not just driven by sentiment. The DeFi TVL on X Layer has climbed to about $232 million, and OKB, as its native gas token, has demand directly tied to on-chain activity growth; the hard cap of 21 million tokens completely removes selling pressure from additional issuance. On-chain tokens are highly concentrated, with the top 10 addresses holding 62.5% of the supply, and large holders have not significantly distributed at this level.
Short-term bias is bullish, but beware of consolidation after a sharp rise. The key observation point is only one: can $118 hold? If it holds, expect further gains; if repeatedly resisted and retests $107-108, short-term profit-taking needs to be digested. Do not chase highs; wait for a pullback to confirm support before acting Why are altcoins rallying this time while WLFI is still stuck in the pit?
$WLFI is not "ignored" right now; its narrative has already completed a full cycle, and the token distribution structure doesn't allow it to fly together with this wave of altcoins.
Personally, I see WLFI's current valuation as closer to: a political brand that has already been realized + a growing stablecoin pipeline + a governance token with weak capture + a founder's lockup that only opens in 2028.
This doesn't mean it's a zero-value coin; its market cap is nearly in the top 50, USD1 is a real project, and top exchanges are providing liquidity and running campaigns, indicating it has licensing value.
But the pioneers of this altcoin wave don't include it; from WLFI's perspective, it lacks elasticity, narrative, and token distribution.
In trading, pay attention to these three things:
❶ Whether the 0.048–0.051 range holds on a second test. If it holds, the box remains intact; if broken, the valuation will drop to the next level.
❷ Whether there is a mechanism that locks WLFI and USD1 yields together; without this, no matter how big the ecosystem is, it's just a stablecoin story.
❸ Whether the circulating supply will be continuously diluted by airdrops and campaigns before 2028.
As long as Trump remains president, WLFI's future value remains; this token is worth watching!"This news from the Middle East is currently the biggest external bomb in the market.
Iran has handed over ceasefire conditions through Qatar and is now waiting for a response from the US side. Everything is still uncertain, with no solid confirmation.
Two scenarios:
If talks succeed → The geopolitical premium on oil prices will be directly removed, easing inflation expectations and reducing pressure on risk assets;
If talks fail → The Middle East energy risk will continue to hang overhead, Europe's crude oil shortage will persist, oil prices will surge, US Treasury yields will rise, and assets like BTC and altcoins will continue to be under pressure.
Looking at the market reaction, the technical side has already weakened ahead.
BTC at 80,600, ETH at 2,582, 4-hour MACD death cross, bulls are losing strength. ZEC, which had surged earlier, has directly pulled back 5%, with profit-taking at high levels rushing to exit.
We are now in a phase of news expectation game, where sharp fluctuations are most likely.
Do not heavily bet on the news outcome; prioritize reducing positions in high-level assets for defense, and wait for the news to settle before assessing market support. $ETH $BTC $ZEC BTC's current first resistance level is 8.28, the second resistance level is 8.9/9! It's only 2K points away from 8.28, and under a strong bull market, it can break through, but for contracts, currently going long at 8.06 to bet on a breakout is unnecessary!
Most altcoins have already shown their moves and are displaying obvious correction trends. Additionally, on-chain, the bsc/sol/rh/arc chains' top memes from the past few months are also showing consolidation at high levels!
The overall market might still be playing around above 8, but it needs to coordinate with altcoins and chains to consolidate and correct a bit. This way, the next rally will be lighter, and the 8.28-8.9 range will be broken sooner or later, no need to rush! Like a feminine wash, cleansing is healthier!
If next week sees a correction, there might be a small rebound before and after the line change early tomorrow morning. So for contracts, I will incrementally open short positions in three parts at 81080-81780-82280 (if all are filled, the average price will be controlled around 81600), with a stop loss at 82880, and targets sequentially at 7.9-7.7-7.5 (not necessarily reached in a short time).
In my view, the spot buy-up position is around 7.2-7.5! $BTC #ZEC high-level oscillation, long and short positions start to diverge
ZEC pulled back after hitting 1500, the battle at the high level has begun?
Brothers, ZEC surged from a few hundred to 1590, more than doubling in a month. But now it's around 1,474, down 5% in 24 hours. High-level oscillation, long and short positions are starting to diverge.
On the news front, Grayscale's ZEC spot ETF is indeed accumulating, AUM is nearly 900 million, and the NU7 upgrade has passed. The community is arguing that Bitcoin is "too rigid," and ZEC is the version that can evolve. But frankly, this rally was too fast, with narrative outweighing fundamentals.
From a technical perspective, 1,460 is the short-term critical point; if lost, look down to 1,255. Only if it reclaims 1,500 above can it be considered strong again. A huge whale opened a short at 437, now floating with over 200 million in profit, and could exit anytime.
My view: short-term adjustment first. RSI has been hovering in the overbought zone, profit-taking is heavy. Don't talk about faith above 1,500; wait for 1,460 to confirm support first. Who was the most talked about in this hour? BTC ranks ahead of the other two
I treat the popularity list as a snapshot of attention, not as a price direction indicator. According to OKX official community data during the one-hour window at 21:00 on September 20 China time, the mentions of BTC, ETH, and SOL were 31, 18, and 13 times respectively, with BTC being the most mentioned among the three.
This only shows who was talked about the most at that time; it does not answer whether funds were flowing in, nor does it mean everyone was buying. The same topic can become hot due to positive news or due to controversy. To determine direction, original news and market data need to be cross-verified.
This article only looks at the one-hour window mentioned above, does not compare the whole day, and does not present a single ranking as sustained heat. For me, what’s worth following is what new facts emerge afterward, rather than taking the word "popular" directly as a trading reason.Price trends can be manipulated, but hash power cannot. When a miner chooses to turn on instead of shut down, they are voting with electricity costs—and currently, Bitcoin's network hashrate is rebounding from a downward trend. First, CryptoQuant's latest analysis shows that Bitcoin's total hash rate has ended its previous downward trend and is starting to rise gradually. When BTC dropped to around 75,000 in mid-September, some high-cost miners (such as the S21 series, with shutdown prices around 69,000-74,000) did choose to shut down. But after the price rebounded to 80,000+, these miners re-launched. The increase in hash rate means miners' confidence in long-term value is restored—because starting up mining is a "pay electricity first, collect BTC later" behavior; miners only increase hash power investment when it is expected that BTC prices will exceed production costs in the future. Second, and more crucially, the trend in mining difficulty. PlanB (the creator of the Stock-to-Flow model) pointed out that the current BTC price is still below the estimated average production cost range across the network, but mining difficulty has shifted from declining to sideways or even slightly rising. This has been a leading indicator of bottom confirmation in recent cycles—at the end of 2018, March 2020, and late 2022, every true cycle bottom was accompanied by a combination of "price below cost + difficulty stabilizing and rebounding." Third, Glassnode reported an important on-chain signal this week: BTC has rebounded#CLARITY受阻，Saylor advocates expanding adoption first
Saylor defines the obstruction of CLARITY as a "positive inflection point," with the core logic not being "the bill doesn't matter," but rather "a law with shackles is more dangerous than no law at all."
On September 15, the Senate rejected a procedural motion 49 to 50, with all Democrats opposing; the crypto income of the Trump family is a deadlock. Saylor responded in a post on September 20: a law can make a restriction permanent, just as it can make a right permanent. Before celebrating "permanence," first see clearly what is being fixed.
The specific clauses he opposes are very practical. The September compromise text prohibits service providers from issuing rewards solely because customers hold payment stablecoins, and the Treasury can also restrict rewards if it determines a large outflow of deposits from community banks. The innovation sandbox limits participating companies to 25 or fewer, with each committee approving up to 20 projects per year. Saylor's judgment is that these restrictions predefine the boundaries of experimentation before the market can demonstrate potential.
But what is truly convincing is not his criticism, but the actions of the SEC and CFTC. Just 48 hours after the Senate vote, the SEC issued a five-year temporary exemption for on-chain trading of tokenized stocks, and the CFTC simultaneously issued no-action relief for passive software providers. Saylor calls this proof that "existing authority is already sufficient." Reviewing the recent wave movement of SOL, the SAR indicator points were previously consistently above the K-line, indicating a bearish dominance. As sector interest heated up and low-level funds continued to enter, the price stabilized and broke upward, with SAR points falling below the K-line, forming a bullish trend confirmation signal.
After SAR turned bullish, SOL began an upward wave, with the indicator continuously providing dynamic support below the price. The price rose from 101.46 to 108.45, and a 100x leverage long position achieved a high floating profit of 688.94%. SAR successfully captured the trend reversal opportunity.
Currently, SAR bullish support remains effective, but after continuous rallies, the short-term has entered an overbought zone. SAR signals tend to switch frequently in a volatile market, making chasing highs very risky. The strategy is to avoid adding new positions, focusing on protecting existing floating profits. Once the price breaks below SAR support, tighten take-profit conditions immediately to lock in gains.
$SOL $BTC Crypto Market Special · September 20, 2026 (Sunday) | Coverage: BTC and ETH weekend trends and unusual coins, macro and regulatory news, and a preview of next week's key milestones. Crypto markets are open 24 hours a day, and Sunday remains a regular market monitor. I. Core Points 1. BTC stayed above 80,000 all day Saturday, trading at about 81,300 to 81,800 USD, with a slight 24-hour increase and a weekly cumulative increase of about 6%; However, trading volume on Saturday shrank by about 74% compared to Friday, with Coinbase trading only about 3,200 Bitcoins all day. This means: the price holds steady but people disperse, which is a typical weekend "no support" rally. 2. The biggest irony of the week is the liquidity situation: BTC spot ETFs saw a weekly net inflow of only about $6.2 million, almost zero—$746 million flowed out on Tuesday and Wednesday, and on Friday, Fidelity's $433 million in a single day barely filled the books; And on Friday, 96.8% of the money was concentrated in the hands of Fidelity and BlackRock. To put it bluntly: the money isn't back—it's two big players bottom-fishing, while retail investors and institutional players haven't entered the market at all. 3. The door to regulation is fully open this week: the SEC's 'innovation exemption' details have been implemented, and the pilot for tokenized US stock on-chain trading has been approved for five years in one go (until September 17, 2031); The CFTC's crypto market rules have been submitted to the White House for review. But as of Sunday, no platform has applied for this exemption. Once the framework is set, no one dares to be first$SNDK 75x leverage short position, currently floating profit of 5.53%. This trade is not a bet on an instant market crash, but based on the clear structure of a weak rebound.
1. Heavy resistance above; every rebound gives bears an opportunity. A weak rebound is a window for shorting.
2. The key to high leverage is not how much you earn, but risk control. 75x leverage has extremely low tolerance for error; you cannot hold stubbornly. If the market reverses sharply, losses can be wiped out instantly. Floating profit is just a paper number; you must plan your take-profit level in advance. Only realized profits count.
3. Small-cap coins have unstable liquidity and are prone to rapid spikes. Do not hold large positions stubbornly; if the market reverses, exit decisively.
Insight: In a weak market, do not try to guess the bottom. Short when the rebound is weak and follow the trend, but always set stop-losses with high leverage to avoid small floating profits turning into big losses. Following the trend does not mean easy wins; always be alert for major players reversing the market with sharp spikes to shake out shorts.这可能是本周最被低估的故事。 第一，Strategy（前 MicroStrategy）在 7 月到 9 月间累计卖出了约 3.26 亿美元的比特币，用于支付其优先股（STRC）股息。这是一家把"永远不卖比特币"写进公司 DNA 的企业——Michael Saylor 曾无数次公开宣称，BTC 是"永久持有资产"。但现实是，优先股股息到期了，现金不够了，只能卖币。7 月那笔 32 枚 BTC（约 250 万美元）的减持虽然只占持仓的 0.0038%，却直接导致 MSTR 股价暴跌 6%，BTC 数小时内失守 $72,000。 第二，更深层的问题是结构性矛盾。Strategy 目前持有约 84.3 万枚 BTC，平均成本约 $75,476。它同时面临每年约 18 亿美元的优先股股息和债务利息支出。当 BTC 价格在成本线附近徘徊时，"借钱买币 + 固定股息"的模式就变成了一个定时炸弹——涨的时候加杠杆买，跌的时候被迫卖币还债。Saylor 把卖币重新包装成"每股含币量最大化策略"，但本质没变：世界上最大的企业比特币持有者，现在是一个潜在的供应来源。 第三，但市场消化了这个消息。Strate$BTC $ETH $SOL Brothers, this weekend's market is really wearing me down. Saturday gave a little sunshine, but Sunday took it all back, so the two days were basically wasted. From now on, I really should just shut down and sleep on weekends, watch less and trade less; the manipulators love to play around when liquidity is low.
The two levels, 82000 and 2650, are as solid as if welded shut. Can't push up, can't break down, clearly just testing patience. My wild guess about the manipulators' two paths: one is to first fake a strong top, repeatedly fake a drop, wait for retail investors to give up on a breakout, then suddenly a big bullish candle breaks through, BTC surges to 85000, ETH touches 2800, tricking the bulls to chase, then reverses sharply, crushing prices back to 60000 and 1500; the other is simply no breakout, with each rebound lower than the last, a slow grind down that wears out bullish hopes bit by bit.
As for a direct bull run? I don't believe it. Whether there's a bull market in '26 is another matter, but right now, with this volume, this sentiment, and this capital situation, it looks more like a harvesting game. Don't try to guess the bottom, don't get overconfident, just wait for it to choose its own direction. Staying alive is more important than bottom fishing. The negotiation table in New York is set up again, a scene I'm familiar with. The last round started the same way; I was watching the news to go long, but ended up getting tossed back and forth twice.
The mechanism of trade consultations isn't complicated: both sides need a window to explain internally, so the talks themselves are more important than reaching an agreement. The longer the talks last, the easier it is for the market to preemptively price in each meeting as positive news.
What really impacts $BTC isn't the agreement text, but the risk appetite during the talks. Capital moves first, news arrives later—I've experienced this sequence.
Watch whether both sides set a specific date for the next meeting after talks. If not, it means this round is just maintaining contact, and risk appetite will decline.
#BTC维持8万美元，加密市场修复扩散
#美国加密税收与BTC储备法案获推进 #摩根大通称比特币或跑赢黄金 $BTC 🚨 What truly deserves attention might be the widening gap between BTC and ETH.
If $BTC continues to hold steady sideways, while $ETH starts attracting more buying interest, the market structure could be shifting.
Focus on ETH/BTC. If this ratio breaks above the recent range with volume expanding by 20%+, it may indicate capital rotating from the relatively stable BTC to the more volatile ETH.
📌 BTC → Stability and liquidity
⚡ ETH → Momentum and capital rotation
Next, will the trend continue to follow BTC overall, or will ETH’s relative strength take the spotlight?
👀 Which one are you paying more attention to right now?
$BTC $ETH #Bitcoin #Ethereum #Crypto #ETHBTCCan ETF funds really determine Bitcoin's price trend?
Many people treat ETF net inflows as a magic formula for BTC's surge, but it's not that simple.
Spot ETFs are the most important channel for Wall Street funds to enter and exit BTC. Continuous net inflows indicate institutions accumulating coins, while net outflows indicate institutions cashing out and exiting.
But it's crucial to distinguish: there are two types of drivers for price increases—one is the real buying from spot ETFs; the other is the pulse rebound caused by contract short liquidations. Single-day fund inflows rarely trigger a big market move immediately; only continuous multi-day fund trends have reference value.
When the price reaches the previous profitable range of ETF holdings, profit-taking selling pressure can easily appear.
ETFs are an important indicator but should not be used alone to judge short-term price rises or falls. $BTC #美联储10月再加息概率破55% #BTC维持8万美元，加密市场修复扩散 Weekend volatility, keep an eye on these key levels first.
It's been three days since the rate hike was implemented. The market has cooled down from the initial excitement faster than expected. The expectation of whether there will be another hike in October still looms overhead—CME data shows the probability of a rate hike in October is fluctuating around 55%. After Fed Chair Warsh's comment that "this is removing some easing, not tightening," the market interpreted it as a hawkish signal, pushing the October hike probability from 42% to around 58%. Weekend liquidity is poor, so the market grinds; it neither rallies strongly nor falls deeply, making both long and short positions uncomfortable.
Next, we await next week's Nonfarm Payrolls and CPI data. Before these two releases, the market will likely remain range-bound. The New Fire Research Institute also mentioned that with reduced Fed forward guidance, the crypto market has become more sensitive to CPI and Nonfarm data. So next week's data might stir the market more than usual.
Let's start with the news.
The market reaction after this rate hike was interesting—when it was first announced, everyone felt relieved that the "boot had dropped," and $BTC briefly rallied to around 80,700, but the excitement didn't last two days. Warsh's wording caused the market to reprice the rate hike path; federal funds futures now imply rates reaching 4.635% by the end of 2027, meaning there could be three to four more hikes ahead. Goldman Sachs has already included an October hike in its forecast, and Bank of America expects one hike each in October and December.
The logic behind this is straightforward: U.S. economic data is solid, with August retail sales up 1.2% month-over-month and initial jobless claims down by 10,000. A strong economy means the Fed has no reason to stop tightening quickly, which means interest rate pressure on risk assets like crypto will persist.
$ZEC has its own independent narrative. Grayscale's Zcash ETF (ZCSH) listed on NYSE Arca has AUM reaching $880 million to $910 million, with ETF holdings accounting for about 3% of circulating supply. The NU7 upgrade passed with 99.9% votes and will activate on November 5, reducing block time from 75 seconds to 25 seconds, making privacy transactions nearly as fast as regular payments. ZEC's correlation with BTC is only about 18%, showing a strong independent story, but after a big run-up, short-term overheating pressure is also significant.
Now, let's talk about the market levels in detail.
$BTC is currently around 80,500. Support at 79,000, resistance at 82,000. The 80,000 round number is transitioning from a "resistance" to a "support" level. Closing above 80,000 for two consecutive trading days shows bulls are holding for now. If it holds 80,000 and continues to grind, don't rush to buy if it breaks below 79,000; the 78,000 to 79,000 zone is the real chip exchange area.
$ETH is around 2,579. Support at 2,500, resistance at 2,650. ETH has overlapping 4-hour EMA20 and previous lows near 2,562, and the 1-hour RSI has dropped to around 35, indicating short-term oversold rebound demand. But it failed to hold above 2,600 and fell back, with order book depth skewed toward sellers, showing short-term weakness. Don't rush to add positions; wait for it to stabilize above 2,570 first.
$ZEC is around 1,450. It previously peaked at 1,598 and has now pulled back nearly 10%. It has risen 150% in the past month and 29% in the past week, with volume and open interest at high levels. First, see if the previous low at 1,400 can hold; if it does, there is more to watch. Short-term 5 to 15-minute charts show negative divergence, RSI near 67 to 69 approaching overbought, chasing highs will be painful.
$OKB is around 116. It fell from 123, with support at 113 and resistance at 118. After breaking out of a months-long consolidation, OKB entered the 115 to 118 supply zone, where sellers are clearly active. Now it's a post-drop consolidation; whether 113 holds is key. If it holds, then watch 118. A daily close above 118 could open the way to 120. If it doesn't hold, the 107 to 108 area needs to be watched again.
Weekend liquidity is poor, so avoid heavy trading. After next Wednesday's Nonfarm release, don't rush to act. The first move up or down may not be the true direction. Wait for the data to be digested and for clear signals from the market before making moves.
#BTC维持8万美元，加密市场修复扩散 #BTC维持8万美元，加密市场修复扩散 #美联储10月再加息概率破55% Good evening, brothers, this is the Demon King!
Yes, yes, you read that right, I have shorted again and again and again!
Looking at ONE's nearly vertical surge, the reason for shorting is actually very simple, because this spike is completely a castle in the air. The official announced at the beginning of the month the shutdown of the mainnet that has been running for seven years, fully transforming to focus on AI video. A project that even abandons its underlying public chain is basically equivalent to zero in the crypto world.
What’s even more fatal is that in August, hackers arbitrarily issued nearly 4 billion fake coins to crash the market, and about 658 million of these have not yet been recovered. This dirty money could crash the market again at any time.
Additionally, the platform has already issued a delisting announcement, then retracted it to announce a delayed delisting. Such flip-flopping operations are often to buy time for the manipulators to unload their positions, creating a false escape window.
Under the major negative news of shutting down the mainnet, the token has surged 500% against the trend. This is obviously a final short squeeze and bull trap orchestrated by the manipulators using news to lure retail investors to take the fall. The fundamental support for its rise is not real but a carefully planned liquidity game.
My personal feeling is that the current rebound is an opportunity for you to short, not to bottom-fish. Do not touch it.
$ONE
#ZEC高位震荡，多空仓位开始分化 The third day after the rate hike, sentiment has receded faster than expected. Whether there will be a hike in October, the market is in chaos again. Liquidity is thin over the weekend, and the market feels stuck in the throat, unable to rise or fall.
Next week, the non-farm payrolls and CPI are the main events. Before that, it's likely to be range-bound — chasing gains is easy to get trapped, selling off is easy to get stopped out.
$BTC current price is 80500, with 79000 below as the short-term lifeline, and 82000 above pressing down hard. As long as 80k holds, it will continue to consolidate; if 79000 breaks, don’t rush to be the bag holder, there might be another drop below.
$ETH at 2579, 2600 was gained and lost again, short-term weak. 2500 is the last cover, 2650 is the ceiling, hold off on adding positions for now.
$SOL is hovering around 110. It bounced from 95 to 114 then fell back, with obvious selling pressure around 112. At this level, watch more and act less; itching hands are easy to get hit.
$ZEC at 1435, retraced nearly 10% from the high of 1598. First watch if 1400 can hold; if it holds, then talk about rebound, if not, continue to seek bottom.
Impulsiveness is the worst over the weekend. The first wave of the non-farm rally or dump next Wednesday is mostly a fake move, don’t chase. The real direction often shows up in the second wave.
#BTC维持8万美元，加密市场修复扩散 #美联储10月再加息概率破55% #ZEC高位震荡，多空仓位开始分化 $FIL I slowly realized one thing: slow is fast, provided the track logic can be implemented and fulfilled.
Patience itself is not a free pass; blindly holding on is not perseverance, but paying the price for your own understanding.
Frequent trading easily leads to missing out and losses, but blindly lying flat and holding also suffers from continuously shrinking expectations.
The harshest part of the market is not losing money from back-and-forth operations, but that the story you bet on has a realization cycle far beyond imagination.
Still waiting for the supply contraction in October, which counts as the final exam for six years of holding.The 2% Kashkari mentioned is not a price
Fed's Kashkari spoke again.
He said inflation is still too high, and the task is to bring inflation back down to 2%.
What is this 2%:
It is not the price of any coin, but the rate at which the US dollar depreciates in a year.
If prices rise 2% in a year, the dollar is worth 2% less.
How is this number calculated:
The Fed looks at prices over the whole year, excluding oil prices.
Oil price fluctuations are removed; what remains is called inflation.
In the past two years, this number reached around 9%.
Now it is going down but hasn't reached 2% yet.
So Kashkari says it still needs to be suppressed.
The way to suppress it is to keep interest rates steady.
If interest rates stay steady, the dollar becomes stronger, and money flows into the dollar.
When money flows in, coin prices suffer first.
Only when that number truly returns to 2% will the held interest rates be loosened.
Let's first look at next month's inflation data.
#美联储10月再加息概率破55%
#伊朗称已转达停战条件，油价迎新变量 #全球高利率预期再升温 $BTC 🔷 AI pays more per watt than $BTC
• Demirors: BTC laid the foundation for the AI infrastructure boom, but the product of computations is intelligence
• CoreWeave and Crusoe transitioned from mining to AI infrastructure
• Hashrate down 13%, difficulty 8-9% below peaks (Fidelity)
• Crusoe sold mining to NYDIG, Riot invested $9.1 billion in AI
🧠 Miners vote with watts: AI pays more. For BTC, this is a market, not a verdict — difficulty compensates (−10% in June, +4.2% now).
⚠️ Demirors' thesis — and her stance: she invests in AI
❓ BTC — computation or money?👇Invalidation in one line.
$BTC: lost structure.
$ETH: no flows, worse beta.
$DOGE/$USELESS: attention gone.
$ZEC: impulse dies.
$LIT: catalyst dead.
$OKB: volume gone.
$CORE: BTC multiple compresses. No kill switch, no trade.Bitcoin's push through $80,000 after the Federal Reserve's latest rate hike tells a narrower story than the headline suggests. The macro overhang cleared, but the tape now belongs to positioning, not policy. Price sits inside a band where institutional exits cluster, and that density matters more than the direction of the last candle. The 80,000–82,000 zone is the week's real battleground. Sell orders, stop-outs, and profit-taking from larger desks are stacked there, which is why a single clean $BTC is hovering around 80,000, with altcoins already showing signs of an early retreat.
According to OKX market data, $BTC is currently priced at $80,628, with market dominance rising to 59.45%.
GameFi is down 6.67%, PayFi down 5.29%, indicating clear capital withdrawal from high Beta into BTC.
The 30-day compression indicator has risen to 93.9%, yet the price has failed to hold above the annual moving average for 20 consecutive days.
This only indicates that a market shift is imminent.
On Friday, spot ETF net inflows were $433 million, with Fidelity contributing $311 million and BlackRock $108 million.
However, the total inflow for the week was only $6.21 million, and single-day replenishment has not yet formed a sustained buying trend.
Futures open interest is about $28 billion, with an 8-hour funding rate steady around 0.01%, leverage has not noticeably cooled, and both bulls and bears are waiting for a breakout from the range.
For spot trading, you can accumulate in batches between $79,000 and $80,000, and exit if $76,800 is breached.
For futures, do not chase longs before $82,300 is firmly held; after confirming a breakout, target $83,800 to $86,000.
If $78,000 breaks first, avoid catching a falling knife; wait for bull liquidations to release before looking to support.$FIL FIL has been held for a full 6 years, always adhering to one saying: slow is fast.
Frequent swing trading and constant position switching often end up causing more losses.
Many people always want to precisely time the highs and lows, constantly doing T trades and switching targets, seemingly capturing every market wave, but in reality getting harvested back and forth, with fees, missed opportunities, and selling too early all eating into profits.
Stick to the chosen track, hold quality chips, and wait for the core logic to materialize. The market doesn't have opportunities every day, and big profits are never made by nonstop trading, but by patiently waiting.
The market is never short of opportunities; what is lacking is the firmness to hold on.#From rate cuts to rate hikes, Fed divisions fully exposed
The storage chip sector has been extremely volatile in recent days.
On the evening of September 14, the sector collectively plunged, with SK Hynix, Micron, and SanDisk all sharply down. The market worried about a loosening of AI capital expenditure expectations, leading to concentrated capital outflows.
But just one trading day later, on September 17 after the Fed's decision, the sector saw a strong rebound and recovery: Micron surged over 5%, SK Hynix and SanDisk both rose more than 4%, with capital flowing back into the computing power storage track. On the 18th, SK Hynix continued to close up 2.46%, maintaining a volatile pattern.
The differences among the three companies are very clear:
$SKHYNIX: The most elastic this round, HBM is a must-have for AI servers, so capital prioritizes betting on it. It leads both the big rises and falls, with the largest volatility.
$MU: Enterprise-level NAND orders are solid, supported by overseas cloud vendors' procurement; but geopolitical factors are many, and news disturbances amplify the ups and downs.
$SNDK (part of Western Digital system): Focuses on consumer-grade flash memory, benefiting from NAND price increases, but with weaker elasticity than Hynix and Micron, its market follows the sector.
Underlying logic: Storage contract prices are still rising, but the growth rate has started to narrow. PC and mobile procurement are no longer willing to accept high prices, only high-end storage demand for AI servers is still holding up.
In the short term, this is an expectation-driven volatile market, not a one-sided trend. Once cloud vendors lower capital expenditure expectations, the sector can easily plunge again quickly.
#日韩芯片股走强，AI存储周期能否延续？ #美联储10月再加息概率破55%
XRP inventory is running low, but short-term consolidation is still needed
Brothers, XRP exchange reserves have dropped to a seven-year low. Binance has withdrawn 500 million coins in a year, and the current monthly average inventory is about 2.6 billion. In other words, the chips that can be dumped anytime are getting fewer, and many have moved their coins to cold wallets.
On the news front, ETFs are indeed accumulating, but there was also a single-day outflow of 5.15 million recently. The community is saying "once inventory is gone, a pump will come," but honestly, the ETF volume alone can't support a big rally in the short term, so don't get carried away.
From a technical perspective, it's hovering around 1.40, with significant resistance between 1.45 and 1.50 above. 1.35 is a key support line; as long as daily and weekly closes don't break it, the cup-and-handle pattern remains intact, with targets above at 1.87 to 2.11. But if 1.35 breaks, 1.23 or even lower levels are possible.
My view: The medium- to long-term inventory decline is a solid positive, but short-term looks like a correction first. No inventory on exchanges doesn't mean an immediate pump; market risk-off sentiment is still suppressing it. $AR is bearish in the short term; the rebound is a window for bears to add positions, not a bottom-fishing signal. Reason: 24h drop of 10.49%, price at 4.232 has already touched the lower Bollinger Band at 4.19179, MA5 at 4.3084 and MA20 at 4.3083 are almost aligned and flat, indicating bullish momentum has been dispersed; RSI at 48.4 is in a neutral to weak zone, MACD histogram at -0.02941 remains negative, bearish structure not yet repaired. The key lies in the funding side: funding rate is still +0.0100%, price has plunged but the rate has not turned negative, meaning bulls are still paying to hold positions, short squeeze has not cleared, this kind of structure is common in a downtrend continuation rather than a bottom. Fear and Greed Index at 71 is in the greed zone, market sentiment has not cooled down, risk of a spike washout is relatively high, chasing longs has poor cost-effectiveness.
Strategically, short in batches when the rebound reaches the 4.30–4.34 range (MA5/MA20 aligned resistance zone), take profit 1 at 4.19 (lower Bollinger Band), take profit 2 at 4.08 (extension after breaking below the band), stop loss at 4.42 (above the upper Bollinger Band at 4.42481 to prevent false breakouts and stop loss hunting). If volume surges and price stabilizes above 4.43, the bearish logic fails and you should exit and wait.🚨 The next move for BTC and ETH may depend on where the funds flow!
$BTC currently still holds a stronger liquidity advantage, with the price maintaining around $80K; while $ETH is fluctuating around $2.58K, and the market is watching to see if it can regain relative strength.
📊 The latest fund data is also worth noting: last Friday, the US spot BTC ETF had a single-day net inflow of about $433M, while the ETH ETF ended its previous consecutive weeks of net inflows.
I will focus on: • Whether ETH/BTC starts to strengthen continuously
• Whether ETH trading volume can significantly increase
• Whether BTC's funding advantage begins to spread to ETH
If both ETH/BTC and trading volume improve simultaneously, it better indicates that fund rotation is happening.
₿ BTC → Liquidity and capital support
Ξ ETH → Relative strength and momentum
🔥 Going forward, are you more focused on BTC's fund flow or ETH's relative strength?
$BTC $ETH
#Bitcoin #Ethereum #Crypto #ETHBTC #CryptoMarket This morning I didn't sell at 81,080, now I'm slapping my thigh.
The Middle East news caused a spike down to 80,361, and my 0.32 BTC (cost 80,950) instantly dropped 0.73% below the average price. Meanwhile, AVAX was still up +15.98% — this is what "the safe-haven sector not following the rally" looks like.
Now it's at 80,700. It has recovered some, but the 80,119 level worries me.
My own rule is simple:
Hold 80,000 → wait until Monday's open to see if the ETF continues the 400 million rhythm;
Break 79,800 → don't hold, cut the position and sleep.
I won't add at a "half up, half down" position like 80,300 — adding there equals giving it away.
BTC 24h quick notes (my own drawing):
81,951 ← this morning's high (the spike down)
81,332 ← only after bouncing back here is the bull not dead
80,700 ← now
80,361 ← Middle East spike down
80,119 ← first retracement level
79,800 ← my cut-loss line
78,156 ← 20-day moving average (worst case look here)
Unrealized loss -80 U (only this much for 0.32 BTC, but I can't handle it).
Bro, are you holding through tonight or are you as scared as me? Reply.
#CreatorIncentive Here’s a tighter version with a cautious, profit-protection tone: Secure the Profits 💰 This trade is still relatively risky. The market is rallying across the board, and I’m not interested in chasing longs at these levels. I opened a small $PIPPIN position to catch some extra upside and made around 2,000U in one day. Not bad. If you followed the trade, I’d rather see you secure the profit now. Risk is still elevated, so protect the gains instead of getting greedy. $PIPPIN $ONE $AKE #CryptoReI’ve been a big proponent of buying $ZEC since everyone was bearish on it at $400.
But at some stage, this chart is going to mean revert the euphoria, just as it has during every monster rally before it.
Price is now reaching the same kind of extreme deviation from its cycle mean that preceded those previous reversions.
That doesn’t mean the move has to end today.
It means the risk has completely changed, and at some stage, price will revert back toward its accep$BTC #USCPIReignitesHikeOdds$BTC doesn't drop today, it will explode tomorrow: The "quiet" at BTC 81K and ETH 2.63K is the charging before the storm
BTC: Moving sideways between 81,000–81,900, no volume pushing past 81.9K, but someone catches at 81K, like a hunter crouching in the grass
ETH: Sticking around 2,600–2,665, holding 2.6K but not breaking 2.67K, bulls are holding back without roaring out
Altcoins went crazy last night (AVAX +19%, SHIB +12%), today they collectively "catch their breath"—short squeeze over, chips changed hands
Why must there be volatility today?
Rate hike settled → shorts fully squeezed → thin volume over the weekend → Monday US stocks + futures open to set the tone.
Main players don’t push today because they don’t want to be the "weekend spike target";
If you don’t stop today, you’re funding the slippage for Monday’s open.
The most deceptive thing in a bull market isn’t a crash, it’s the "obvious movement in sentiment but pretending there’s no market" kind of shakeout.
BTC holding 81K = strong base, ETH not breaking 2.6K = altcoins not cooling off,
But if 82K / 2.67K don’t close above today, don’t mistake the "sideways" for "accumulation"—
The longer it moves sideways, the harsher Monday’s move will be.
Hold your hands tonight:
BTC breaks 81K → reduce, stands above 81.9K → follow, in between = watch the show
ETH breaks 2.6K → reduce, stands above 2.67K → follow, in between = don’t move
Wait for tomorrow—not for opportunity, but for the market to finish faking out. $BTC $ETH Altseason has a leverage problem.
Over two years, the median mid-cap altcoin lost 74% while $BTC gained 28%. Yet leverage is clustering at the opposite end of the risk curve: futures OI equals roughly 24% of PEPE’s market cap, versus ~2% for BTC.
The smaller the frog, the bigger the leverage. That is one crowded pondI’ve been a big proponent of buying $ZEC since everyone was bearish on it at $400.
But at some stage, this chart is going to mean revert the euphoria, just as it has during every monster rally before it.
Price is now reaching the same kind of extreme deviation from its cycle mean that preceded those previous reversions.
That doesn’t mean the move has to end today.
It means the risk has completely changed, and at some stage, price will revert back toward its accep$BTC #USCPIReignitesHikeOddsTwo pawns advance simultaneously on the chessboard: one managing taxation, the other managing the treasury, while the opponent is still stuck on CLARITY's stalemate for seconds—the flavor of this game has changed.
The House Ways and Means Committee passed H.R.10357 by 38 to 5. This is not a minor exchange; it fully incorporates cryptocurrency income, transfers, mining, staking, and broker reporting into the tax framework. What does the 5 opposing votes mean? It means this is not a partisan brawl but an acceptance of new rules by default. When the opponent almost unresistingly yields this line, what you should be wary of is not their weakness but that they have already positioned pieces elsewhere.
On the same day, the Financial Services Committee advanced H.R.8957 by 28 to 21, enshrining the strategic Bitcoin reserve into federal law, requiring the government to lock up BTC holdings for at least 20 years. What does 20 years mean? In chess terms, it’s like nailing a heavy piece on a critical square—not to checkmate immediately but to ensure all future endgames revolve around this anchor. The 28 to 21 vote split is the real highlight—this is not consensus but a forced passage, indicating the midgame still has reversals, constraints, and legislative bargaining.
In my career, I’ve seen too many such scenarios: market structure, taxation, and national reserves advancing simultaneously. It looks like scattered skirmishes but is actually the same opening system. The CLARITY halt is not the end; it’s the opponent’s long contemplation under time pressure. A true grandmaster won’t abandon the entire plan just because one line is blocked; they will switch flanks to attack.
The linkage with $XCH is the dynamic piece on the board. When the macro regulatory framework begins to take shape, liquidity flows first to those with clear structures and logic not reliant on narratives. This is not hype; it’s a redeployment of pieces in orderly positions. What’s discarded is short-term noise, exchanged for midgame initiative.
True winners won’t rush to move at this point. They will position their holdings like chess pieces covering both wings before legislation advances further—finalizing tax rules means opening compliant capital inflows, and enshrining reserves means national-level buying becomes a long-term threat. The combination quietly tilts the endgame’s balance.
What I care about most is not whether the bills ultimately pass but the determination revealed by these two votes. 38 to 5 and 28 to 21—one is consensus, the other a strong push. The opponent almost gave up resistance on taxation but was cornered on reserves—this shows the real battlefield is reserves, not taxes. Taxation is the setup; reserves are the killer move.
Looking back 20 years from now, people will understand this is not routine legislative progress but a structural turning point in the entire game. Anyone still moving pieces by daily lines now has already lost the endgame. #CryptoTaxAndBTCReserve $BTC , one month later, the roadmap still looks familiar.
mini range: $81K–$73K ✔️
Deviation zone: $72K–$68K ⏳
Expansion zone: $90K–$100K ⏳
if BTC deviates below the range lows, that’s the area I’d watch for a potential swing-long add rather than chasing a breakdown.
for me, the bigger question is whether this range eventually resolves higher toward $90K–$100K. I’ve been a big proponent of buying $ZEC since everyone was bearish on it at $400.
But at some stage, this chart is going to mean revert the euphoria, just as it has during every monster rally before it.
Price is now reaching the same kind of extreme deviation from its cycle mean that preceded those previous reversions.
That doesn’t mean the move has to end today.
It means the risk has completely changed, and at some stage, price will revert back toward its accep$BTC #USCPIReignitesHikeOdds#伊朗称已转达停战条件，油价迎新变量
Iran says it has conveyed ceasefire conditions, oil prices face new variables
Iran says it wants a ceasefire, yet oil prices have broken through 100. I really don't understand this market situation.
Just now I saw a news piece that Iran, through Qatar, sent a message to the US saying that if three conditions are met (ending conflicts on all fronts, releasing frozen funds, ending the maritime blockade), the war can stop. But Trump hasn't responded yet. After the market took a look, it immediately pushed oil prices back up. WTI crude surged to 97.45, Brent directly stood above 100.75.
Honestly, I stared at these two oil price charts for quite a while. Clearly, they are talking about a ceasefire, so why are oil prices still rising? Simply put, the market doesn't believe this war will stop so quickly. Saudi Arabia's oil pipeline was just attacked, and European refineries' contract supplies for October have started to be cut off. Everyone knows in their hearts that talk is talk, fighting is fighting, and as long as the Strait of Hormuz is not peaceful for a day, oil prices won't come down.
When oil prices are high, inflation won't come down, and the Fed folks won't be willing to cut rates. Last night during the review, I thought the slight dip in the market was a normal adjustment. Now I see, as long as oil prices stay high, valuations of tech stocks and BTC will be suppressed.
Reality is just this absurd: peaceful talk can't beat market panic. Don't rush to bottom-fish yet; wait for a clear word from Trump first.
#波动雷达：币种异动观察 I’ve been a big proponent of buying $ZEC since everyone was bearish on it at $400.
But at some stage, this chart is going to mean revert the euphoria, just as it has during every monster rally before it.
Price is now reaching the same kind of extreme deviation from its cycle mean that preceded those previous reversions.
That doesn’t mean the move has to end today.
It means the risk has completely changed, and at some stage, price will revert back toward its accep$BTC #USCPIReignitesHikeOdds$FIL, stop hesitating.
Just crush it down.
Let me see where the real bottom really is.
If the price really retraces all the way to $0.50,
the market will tell us:
Is this a completely broken weak structure,
or a genuine support test after extreme panic?
Right now, FIL is actually in an interesting position.
Recently, $FIL broke above $1 again, with a noticeable increase in volume, and the market has started discussing AI data storage, on-chain payment demand, and Filecoin's network economic model again.
What’s more noteworthy is that Filecoin’s strategic focus for 2026 has clearly shifted:
From "how much storage capacity there is"
→ to "how much real paid demand there actually is."
Meanwhile, on October 15, some vesting from Protocol Labs and Filecoin Foundation will end, expected to bring significant changes to FIL’s supply structure, which is one of the variables the market has been watching recently.
So the real question isn’t:
"Can FIL go up?"
But rather:
If the market keeps crashing, where can it prove itself?
$0.90?
$0.70?
Or $0.50 after market sentiment completely collapses?
Let the price answer itself. Buildings that think about topping out before the foundation is even finished collapse the fastest. I've seen too many clients start construction armed only with a rendering, and too many people jump into the foundation pit without even understanding the blueprints. When newcomers ask questions on site, it's not about embarrassment—it's about exploration. Driving piles without a geological report is just playing with the building.
The first thing I always do on a project is check the foundation, not the facade. What is a white paper? It's a design drawing. I've seen plenty of projects with beautiful design drawings, Zaha Hadid-style curved renderings hanging in sales offices, but the load-bearing wall positions are all wrong, and the contractor doesn't even understand the grade of reinforced concrete. What you need now is a "starter guide," a construction specification manual. It doesn't teach you how to draw; it teaches you not to mistake ring beams for decorative lines.
The veteran stories about pitfalls in the community are what I call on-site accident reviews. Every "I bought a certain coin and it went to zero" story is a structural collapse investigation report. Will you listen? Of course, you should. When I review a construction team, the first thing I check is whether they keep records of past rework orders. People willing to show you cracks openly are more reliable than those who only show you the completion photos.
Regarding newcomers asking questions and the idea that there are no stupid questions: on a construction site, when a carpenter asks "Why can't this beam be removed?" that's not stupid; that's safety awareness. The truly fatal ones are owners who pretend to understand and demolish load-bearing walls on their own. So keeping the question channel open is like maintaining a complete supervision log for the project. Supervisors aren't there to nitpick; they're there to ensure the building doesn't lean.
As for official guidelines being updated regularly, that's good. Building codes need revision every few years; fire safety regulations and seismic ratings change. If you build using a 20-year-old atlas, the day of inspection is the day of demolition. The underlying architecture of the crypto market evolves faster than any building material iteration I've seen. What works as a shear wall solution today might require steel structures tomorrow. Without a dynamically updated knowledge base, building a skyscraper with paper blueprints is doomed.
I understand the reward mechanism as recognition for quality projects. Good review posts being featured is like putting a model project on the wall for the whole industry to see. This is a positive incentive for construction quality. But remember, awards for main structures are for completed buildings. If your project hasn't even dug the foundation pit, don't rush to apply for awards. First ask yourself: Have you figured out the load-bearing system? Is the load path clear? Do you have a contingency plan if the developer runs away?
The tokenized targets in the US stock market linked with crypto-native assets form a hybrid system structurally. The connection nodes between two different materials are always the most fragile parts of the entire building. The connections between steel structures and concrete, the anchoring of glass curtain walls to the main frame—every material handoff is a node that keeps engineers awake at night. The linkage you see now is this node under stress. Where the force transmits, where cracks appear first—don't look at renderings, look at detailed node drawings.
Finally, I'll say this: structural designers never trust renderings; they only trust load calculation reports and material test reports. Whether your building stands or not doesn't depend on how lively the sales office is on opening day. #newherestarthere I’ve been a big proponent of buying $ZEC since everyone was bearish on it at $400.
But at some stage, this chart is going to mean revert the euphoria, just as it has during every monster rally before it.
Price is now reaching the same kind of extreme deviation from its cycle mean that preceded those previous reversions.
That doesn’t mean the move has to end today.
It means the risk has completely changed, and at some stage, price will revert back toward its accep$BTC #USCPIReignitesHikeOddsePBS does not change the abbreviation, but who has the authority to decide what goes into a block
One of the important aspects of Glamsterdam is ePBS, which explicitly defines the roles of proposers and block builders in the protocol. Currently, Ethereum's block supply chain relies heavily on external relays and builder markets, which is very efficient but makes critical processes dependent on off-protocol infrastructure.
This issue is not far from ordinary users because it relates to censorship resistance, network stability, and MEV distribution. If a few external services control most of the high-quality block flow, their failures or policy choices could impact the entire network. Internal protocol division of labor cannot eliminate centralization but can reduce a layer of intermediaries that must be trusted unconditionally.
Writing the process into the protocol also increases complexity. Clients need to handle new messaging mechanisms, validators must upgrade, and behaviors under exceptional circumstances must be thoroughly tested. Any changes touching block production cannot be judged solely by theoretical efficiency.
Increasing TPS easily attracts attention, but restructuring block power relations determines the network's long-term quality. ETH's moat has never been just speed but minimizing single points of control in high-value settlements. ePBS truly fills this foundational gap.