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Crypto Divergence Amid the US Treasury Storm: BTC and ETH Under Pressure, $ZEC and $SOL Move Against the Trend
The US 10-year Treasury yield surged to 5.223%, hitting interest-free assets first. Bitcoin is currently at $83,924, showing clear short-term pressure; Ethereum dropped to $2,683, structurally fragile, and if it falls below $2,562, the cumulative long position liquidation intensity on major exchanges could reach $944 million, marking a critical zone for the bulls and bears battle.
However, institutions have not exited. Morgan Stanley increased its BTC holdings by 42.9 coins again, with a total position of 9,261 coins, valued at about $779 million, indicating their recognition of the current price level.
Meanwhile, ZEC and SOL are quietly rising against the trend. ZEC is at $1,534, slightly down 0.70%, but a whale scooped up 6,000 coins within 15 minutes, opening a $9.35 million long position at an average price of $1,558.90, betting on the "privacy narrative" and institutional layout. SOL is at $120.61, up 0.39%, with on-chain processing speed exceeding 1,800 TPS, ecosystem use cases continuously growing, currently testing the key $120-$124 range; a breakout would open upward potential.
Macro interest rates suppress the overall market, but funds are migrating from mainstream coins to assets with independent narratives. BTC and ETH are closely watching macro and liquidation risks, while ZEC and SOL quietly build strength through whales and fundamentals. Divergence may be the most authentic footnote of the current crypto market.
#美债长端利率持续攀升，融资压力升温 Next 72 Hours
Hyperliquid perp volume $1,091M vs $22M spot. A 48.9x skew
ETF flows flipped +$134.5M Friday after a $504.6M drawdown since May 1
$BTC holding $84,702, 7d +4.29%, options bias +30
Call: $BTC grinds to the $88,000 options target within 72h
Dealers pinned near the $82,000 magnet get squeezed higher as Friday's ETF bid returns Monday, forcing perp shorts to cover into thin spot.$BTC Overall, the plan has played out very nicely. Breaking out from accumulation, consolidating below the previous highs, then expanding into the next target. Aside from 89.2K to 90.6K being a nice LTF area where we could see a rejection, the ideal extension for this leg sits around 92K to 94K. If this is a genuine impulse breakout and we are transitioning into a higher range, I would expect momentum to continue rather than see a new range form here. The market should capitalise on the momentZECUSDT Trend Forecast (Current Price 1586.86)
Overall Conclusion: Leading privacy sector token, driven by dual narratives of ETF + NU7 upgrade, has broken through previous high resistance zone. Short-term short squeeze rally continues, but the risk of a sharp tail rise increases as price goes higher; mid-term positive catalyst realization window is approaching, beware of a pullback after a surge.
Short-term (1~5 trading days)
- Resistance range: 1600~1620 (round number resistance), strong resistance 1650~1680
After breaking previous highs and retesting, as long as BTC holds above 84000 and privacy sector sentiment remains, there is still momentum for further upside; however, contract funding rates continue to rise, leverage longs accumulate, and a single-day 8%~12% correction could occur anytime.
- Support range: 1560~1570 (previous resistance turned support), 1490~1520 (strong support zone)
A break below 1560 with volume decline indicates short-term short squeeze momentum exhaustion and entry into profit-taking phase.
- Trading strategy: Holders should take partial profits in the 1650~1680 range, keeping a small position to speculate on 1700+; lightly buy the rebound if price stabilizes near 1560, never chase highs.
Mid-term (2~4 weeks, until November NU7 upgrade launch)
Key event: NU7 mainnet upgrade (expected November 5), price has largely priced in expectations in advance, typical "buy the expectation" scenario.
1. Optimistic scenario: smooth upgrade + BTC continues bull run, oscillating in a large 1500~1750 range, testing 1750 with repeated profit-taking digestion;
2. Cautious scenario: upgrade benefit realization + market weakness, large-scale profit-taking escape, deep pullback to 1300~1400 range, completing correction of this rally.
Long-term (3~6 months)
Bullish logic
1. Grayscale ZEC spot ETF ongoing, institutional funds provide long-term support, new ETF approvals still have room for imagination;
2. Post-NU7 launch, privacy assets and shielded smart contracts go live, expanding privacy sector application boundaries;
3. Fixed total supply of 21 million, inflation continues to decline post-halving, scarcity logic holds long-term.
Major risks
4. Regulatory risk: privacy coins remain under global regulatory pressure, targeted policies could trigger crashes;
5. Market risk: highly elastic altcoin, BTC mid-term corrections cause larger drops than the market;
6. Narrative exhaustion: ETF and NU7 core positives mostly priced in, lacking major catalysts afterward.
Long-term price range forecast
- Bull market continuation + regulatory friendliness: upper limit $1800~2000;
- Market correction + benefit realization: pullback to $1100~1350 range.
Swing trading reference
- Long liquidation zones (triggered by drop): 1560~1580 (moderate long liquidations); 1490~1520 (large-scale long liquidations); below 1420 excessive long liquidations
- Short liquidation zones (triggered by rise): 1650~1680 (moderate short stop-loss); above 1720 large-scale short liquidations
- Trading principles: avoid heavy positions and holding through losses, focus on swing trading, take profits in batches on rallies, buy in batches on dips; strictly control leverage positions.
$BTC $ETH $ZEC
#BTC现货ETF连续7日净流入近30亿美元
#美债长端利率持续攀升，融资压力升温
#财报观察员：美光财报临近，AI存储需求成焦点 Here's some data for those who have been shorting these past two days, explaining why you're feeling frustrated. In the past 24 hours of liquidations, the majority of liquidations were shorts—$BTC short liquidations were more than twice that of longs, and $SOL is even more extreme, with short liquidations nearly two and a half times that of longs. A classic short squeeze.
In plain language: $BTC has been hovering around 84,000 without moving, looking like it might drop, but every time it dips, buyers step in to catch it, wiping out the stop losses of those chasing shorts one after another. In this low-volume sideways market, the price action loves to clear out leverage on both the long and short sides alternately.
This is exactly why I stay flat on perpetual shorts—I have a directional view, but naked shorting in this kind of choppy, stagnant market is like playing with real money against the house. Just because you understand it doesn't mean you have to jump in now. Are you still chasing shorts here? The 4 AM candlestick, and a biological clock reshaped by Bitcoin
At 4 AM, the whole city is asleep, only the candlestick on my screen remains awake. Bitcoin has forcibly twisted my schedule into New York time, turning day and night upside down as the norm.
BTC is currently hovering around 84,000, having touched 87,000 a couple of days ago, but it was slapped down before it could hold. Holiday trading is thin, funds ebb like the tide, and prices are pushed back and forth by small waves. If you hesitate, it crashes down; if you cut losses, it turns back and smiles at you. In this liquidity-dried pond, every fish thinks it's hunting, but in fact, they're all being toyed with by the currents.
Interestingly, the US spot ETF side is bustling, attracting over 2 billion USD in a week, with institutions rushing in like clockwork. The Fed just finished its meeting, rate anxiety is cooling down, and the September curse didn't materialize this year. Is the ETF a tentative entry or the new normal? No one dares to conclude.
The real starting gun is still held by PCE data and rate expectations. As for Trump rejecting the seven-day plan and new uncertainties in the Strait of Hormuz—these distant thunderclaps will sooner or later reach this thin market.
When I turn off the screen, dawn is breaking outside. A day in the crypto world often starts at someone else's 4 AM.
#BTC现货ETF连续7日净流入近30亿美元 #BTC现货ETF连续7日净流入近30亿美元
The ETF has seen net inflows for 7 consecutive days, totaling nearly $3 billion. Of course, there are also bearish factors: the Federal Reserve's interest rate hikes have reduced net inflows, which is a significant negative.
Currently, the single-day net inflow has dropped from 999 million to 134 million, shrinking for four consecutive days. If this trend continues, buying momentum will weaken, and the price will lose its most critical support.
From a macro perspective, long-term interest rates remain high, rate hike expectations have not receded, and the opportunity cost of zero-yield assets is too high. Funds are willing to enter BTC because the long-term logic is strong, but short-term prices still depend on Federal Reserve rates.
$ETH $BTC $ZEC #美债长端利率持续攀升，融资压力升温 #财报观察员：美光财报临近，AI存储需求成焦点 $SOL is once again the strongest card on the field — four consecutive cycles lined up in a full bullish pattern, still leading with a slight gain in the last 24 hours, leaving $BTC and $ETH behind. The catch-up crowd in the comments is already itching to jump in.
Here’s a cold splash of water: the daily RSI has already touched the overbought zone near 70, while the overall market volume ratio is still lying on the ground at just a few tenths — extremely low volume. Strong + overbought + low volume, these three combined are the most deceptive mix. It’s not that it can’t rise further, but chasing it at this position has a poor risk-reward ratio: to gain those three points, you risk a five-point pullback.
Strong coins can be watched and held, but don’t chase their overbought zone during the low-volume tail end of Sunday trading. The biggest fear when chasing strength is catching the last baton. Would you chase $SOL here? Seeing the Iranian Speaker mock the US on Twitter: "Congratulations on reaching a 5.1% yield on the 10-year Treasury, this is the floor for the next two years, enjoy the nostalgia of the 70s." Harsh words, but he inadvertently hit on something everyone playing risk assets should watch closely — interest rates.
What does a 5% 10-year US Treasury yield mean? It is the anchor for global asset pricing. When the anchor rises, various valuations have to be pushed down, and assets like $BTC that generate no cash flow are the first to be hit. This is also the reason I've remained cautious about risk assets lately — not because of chart patterns, but because of the looming cloud of interest rates overhead.
That said, oil prices have recently cooled off, and dovish officials have started to ease up, letting some light peek through the clouds. So my approach is to keep long positions in spot holdings and avoid naked exposure in contracts. Do you trust the pressure from interest rates more, or do you believe in this cooling trend?BTC liquidity update. Yesterday price was sitting around $84K between two pretty clear liquidity pools. The upper side got attacked first. $BTC ran to $85.15K, right into the area we were watching, before pulling back. But that upper liquidity isn't completely gone. The 24h, 48h and 3-day maps still show a heavy concentration around $85.3K-$85.9K. Zoom out and there's another larger area around $87K-$87.5K. Liquidity around $82.7K-$83.3K is still sitting below too. Yesterday the map looked almosDon't fool me with renderings—I only look at the foundation. $ATH This building has only risen 0.44% in 24 hours, but the short-term RSI has already dropped to 31.1, and the long-term RSI is just hanging at the neutral line of 48.2. This is not a topping celebration; this is a foundation pit inspection.
First, look at the structural grid. In the short-term Bollinger Bands, the price is pressed at -6%, while the lower band is only at -0.1% and the upper band at +1.7%—the working surface left for it is as thin as a layer of leveling mortar. Any slight vibration, and the load-bearing wall will be grounded. The mid-term is a bit better, positioned at 25% of the span, with a clearance of +2.4% from the lower band and the upper band waiting at +7.3% to cap the beam. Putting these two numbers together, my judgment is straightforward: the main structure has no cracks, but temporary supports must be reinforced.
Next, look at the construction schedule. The current price has only 3.5% room downward, which is my entry point—equivalent to digging one more layer below the foundation cushion, waiting for the load-bearing layer to be exposed before pouring, rather than erecting columns directly on backfill soil. Upward, the first beam position is at +5.4%, the second at +7.3%, both within the reasonable span of the mid-term upper band, able to be closed without adding braces. What really needs to be written into the construction handover is this: the -13.2% stop-loss line has already crossed the mid-term lower band. Once broken through, it’s not a repair, it’s a total collapse, and the plan must be redone.
I have done too many projects that died because "the drawings looked good, but the foundation was unstable." This one’s drawings aren’t stunning, but the load-bearing logic holds.
📈 Long:
Entry: 3.5% below current price (-3.5%)
Take Profit 1: 5.4% above entry (+5.4%)
Take Profit 2: 7.3% above entry (+7.3%)
Stop Loss: 13.2% below entry (-13.2%)
The foundation pit inspection is done, the rebar should be tied—but this building only allows one perfect pour, no tolerance for a three-millimeter error.Capital inflow, privacy coins in the spotlight
Crypto market sentiment warms up. Bitcoin is priced at $84,530, firmly holding above the 84,000 mark and achieving the third strongest historical performance in Q3. Spot ETFs have seen net inflows for 7 consecutive days, totaling approximately $2.98 billion, with cumulative inflows for 2026 turning positive again. Technically, BTC has reclaimed the 365-day moving average and crossed above the 50-week moving average; if the weekly close stays above $83,000, Q4 is expected to remain bullish.
Ethereum is priced at $2,706.49, showing initial signs of technical recovery from a year-long downtrend, but faces heavy resistance near $2,800. If it falls below $2,561, about $501 million in long positions face liquidation; if it breaks out with volume above $2,807, the target could be $3,063, whereas a drop below $2,627 may trigger another pullback.
ZEC is the center of attention, rising 7.28% in a single day to $1,664, hitting a new stage high, with a one-year increase of about 19 times and a market cap surpassing $20 billion. Since the launch of the Grayscale Zcash spot ETF, it has attracted over $233 million, with the ETF buying for 16 consecutive days totaling over $500 million; combined with whale withdrawals locking tokens and a sharp reduction in circulating supply, these three forces jointly push the price higher. $BTC $ETH $ZEC $BTC Overall, the plan has played out very nicely. Breaking out from accumulation, consolidating below the previous highs, then expanding into the next target. Aside from 89.2K to 90.6K being a nice LTF area where we could see a rejection, the ideal extension for this leg sits around 92K to 94K. If this is a genuine impulse breakout and we are transitioning into a higher range, I would expect momentum to continue rather than see a new range form here. The market should capitalise on the moment$BTC Price is currently trading between two larger liquidity clusters. The one to the upside spreads from the recent highs around $87k all the way up toward $90k. Meanwhile, the much larger cluster below sits around the $80k–$81k region, right where BTC would retest the recent breakout from the previous range. With a new monthly open approaching, I could imagine a manipulation move at the start of the month into one of these clusters, followed by a larger reversal to target the other side later Closing Sunday night, let me share my stance for next week: no contract positions, only net long spot holdings, with zero leverage.
Some ask, next week is a data bomb week, shouldn't you have positioned contracts earlier? It's the opposite. Precisely because of the many bombs, I avoid overnight leverage—GDP, core PCE, and nonfarm payrolls all packed in one week, any single data point can swing the market back and forth twice. Entering with high-leverage contracts is like leaving the table to luck.
My spot longs are based on judgment; if it drops, no liquidation, I can sleep well; contract leverage is a heartbeat, once data hits, you have to react passively. The core of low-frequency big bets is never about betting big, but having bullets left in the most chaotic times. $BTC What do you think, will the bomb week start with a rise or a fall? The Fear and Greed Index has reached the greed zone at 70. Is the 8.36% surge in $PYTH driven by sentiment or the start of a trend? The answer leans toward the latter, but the process will have fluctuations.
At the market level, BTC maintains strength, driving altcoin rotation. Under greedy sentiment, capital is willing to pay a premium for high-volatility assets. $PYTH current price is 0.08541, with MA5 crossing above MA20 and the price stabilizing above both moving averages, indicating a bullish mid-term structure. However, two signals require caution: the MACD histogram is still at -0.0002999, momentum has not fully turned positive; the funding rate is +0.0050%, indicating increased long crowding and a short-term need for a pullback to shake out positions. RSI at 59.8 is not overbought, Bollinger upper band at 0.0880474 is the nearest resistance, and the lower band at 0.0812756 forms the support anchor for this cycle.
In terms of operation, buying near the MA5 pullback offers better cost-effectiveness. Entry reference is the 0.0835–0.0850 range, close to MA5=0.085308 and the Bollinger middle band, with RSI having room to rise after a pullback. Take profit 1 is at 0.0880, corresponding to the Bollinger upper band resistance; take profit 2 is at 0.0910, the measured extension after a breakout. Stop loss is set at 0.0808; falling below the Bollinger lower band at 0.0812756 indicates the bullish structure is broken.I opened a short position on $ETH at 2532 and have been stuck for a week. I thought this was my most stable trade because at that time the US raised interest rates by 25 basis points, and Japan also raised rates by 25 basis points. I assumed the rebound was over and that only endless crashes would follow. But I placed the short at 2532, and who would have thought it wasn’t the end at all? It rose 8.84% in 30 days, climbing all the way to 2,690. What bothers me now isn’t the 158 points lost, but that my logic was wrong. Rate hikes don’t actually cause a drop; they’re just a smokescreen to trap shorts. I’m waiting for a pullback, but it’s moving like an old lady climbing a hill, slowly and shakily. I’m also waiting for a breakdown, but it seems to be consolidating at the bottom. 2,650 is its recent support level, and I’m watching it closely. If it breaks, I can cut my losses by more than half. But it doesn’t seem to want to go down at all. Why is that? Is a market without pullbacks just a no-brainer to go long, where you can just stuff your money in a snake-skin bag?ETF frenzy buys 2.8 billion, but BTC remains unmoved? The truth lies in "hedging"
For six consecutive days, $2.8 billion flowed into BTC spot ETFs, yet the price slipped from 87,300 to 83,800. The money clearly came in, so why can't the price push higher?
The answer is simple: a significant portion of this capital isn't betting on direction at all.
A classic Wall Street strategy—buying spot ETFs while opening an equal short position in the futures market. Gains on both sides offset each other, with profits coming from the basis, yielding an annualized return that even beats the 5.2% risk-free rate of U.S. Treasuries. For institutions, this is arbitrage, not conviction.
So when you hear "institutions are rushing to buy BTC," you have to break it down: some are genuinely bullish and buying, while arbitrageurs are buying but immediately shorting. Although the ledger shows an inflow of 2.8 billion, the actual long exposure is far less.
The price looks ugly, but the fundamentals aren't bad. The money really did come in, but part of it is inherently "neutral." This is actually a sign of market maturity—serious players entering, shifting from one-sided speculation to structural arbitrage.
Next time you see "large ETF inflows," don't rush to call a bull run. Ask one more question: is this money profiting from price moves or from spreads?
How much of the 2.8 billion is true conviction and how much is arbitrage will be revealed in the next futures position report.
#BTC现货ETF连续6日吸金超28亿美元 #美债长端利率持续攀升，融资压力升温 $BTC $ETH $SOL #BTC现货ETF连续7日净流入近30亿美元 $UNI in this BTC pullback only dropped as low as 8.7, which just happens to be my initial entry cost, and it hasn't fallen below 9 since then. Its performance is still very strong. Obviously, some are buying during this pullback, and where there are buyers, there are naturally sellers. UNI has currently attracted excessive attention, with many influencers discussing it. So, I need to be more cautious.
Looking at UNI exchange reserves, they've reached a historical high. In the past month, a large amount of UNI has flowed into exchanges, clearly indicating profit-taking is coming. I'm worried the main players will dump a wave here, fangshouyibo.
UNI might have two scenarios:
Scenario A: Move up, break away from the 9-dollar cost zone.
Scenario B: If BTC pulls back (if it does), there’s a chance to catch coins at 7 or in the 6 range.
The first batch of positions was established at 8.7, with a reduction at 9.2.
For the second batch, I will either chase 10 in Scenario A or catch at 7/6 in Scenario B, depending on BTC’s movement. If it rallies too fast, I won’t build positions because I’m still afraid the main players will dump. If BTC pulls back 20-30% and altcoins crash, I’ll get in. This batch will be my core position.
For the third batch, if it continues to break below 6, I’ll buy more the lower it goes.
After building positions, the most important thing is to hold through a 30-50% pullback in UNI (possibly more), because there are still 7 months until the halving. This period will be very volatile, and many will be shaken out. I hope those who build positions won’t blame me if UNI crashes hard later.
If you can’t hold, you can at least sell at 20 and get out. If you can hold, then hold for new highs. "Institutions didn't call trades this week, money flowed into these three lines"
As of the week ending September 25, the US spot ETF capital flow gives a clearer answer: institutions are buying and leaning towards allocation.
$BTC: Spot ETF weekly net inflow about $2.4 billion, ranking among the strongest weeks of 2026. IBIT about $1.2 billion, FBTC about $700 million, ARKB about $290 million leading. Seven consecutive trading days of net inflow, totaling about $3 billion, net inflow for the year turned from -$580 million to slightly positive. Around $84,000, more like compliant funds building positions weekly.
$ETH: Sentiment recovery is more obvious. Previously, redemptions and staking expectations tugged back and forth; this week spot ETF net inflow about $690 million, ETHA about $326 million, FETH about $174 million. Net increase for the year about $1.6 billion, total product assets about $17.8 billion. Combined with Erigon/Glamsterdam testnet updates, $2,700 is no longer just a technical level, with ETF buy orders supporting below.
$SOL: The breakout is in rhythm. Weekly ETF net inflow about $188 million, Friday single-day $86.7 million, a new high since listing, total product assets about $1.5 billion. On-chain side, Solmate treasury holds about 1.24 million SOL, market value about $146.7 million. Compliant ETFs and on-chain treasury both increasing positions simultaneously.
In short: This week institutions are buying BTC's certainty, $ETH's recovery resilience, and $SOL's high beta
#BTC现货ETF连续7日净流入近30亿美元 Sideways consolidation isn't cold; ETFs are quietly "accumulating coins"
This week, the total net inflow of U.S. spot Bitcoin ETFs was about $2.39 billion, marking the strongest single week since October 2025 and the best weekly performance in nearly a year. The key is not a single-day buying spree, but sustained inflows throughout the week—nearly $2.4 billion flowing steadily, indicating that institutional willingness to allocate to BTC is recovering.
More subtly, the coin price hasn't surged with this momentum; instead, it has been grinding sideways at a high level. While prices hesitate, ETFs continue to accumulate. This divergence of "stable price with increasing volume" often conveys more information than a single large bullish candle. It suggests some funds are not rushing to chase the rally but are slowly gathering chips amid the consolidation.
If net inflows remain strong next week, every subsequent pullback will be worth watching: whether spot support thickens and whether selling pressure is quickly absorbed. Once chip turnover completes, an upward breakout after consolidation is not impossible.
Here’s the question: with institutions continuously entering, do you think this round of sideways consolidation will ultimately break upward or continue to shake out?
$BTC $ETH
#BTC现货ETF连续7日净流入近30亿美元 #财报观察员：美光财报临近，AI存储需求成焦点 In the midst of the rally, control your hands first
$ETH suddenly broke through 2700, and the group chat started to buzz. BTC and ETH both rising does look like a sign of risk appetite warming up, but "looks like" is not the same as "is." Rising together could mean a trend is starting, or it could be the last dance before sentiment peaks. If you rush in just because you're afraid of missing out, that's not following the trend, that's FOMO.
I'm tempted too. Especially ZEC, which is surging wildly like it's off the leash, just a glance at the candlestick makes your hands itch. But temptation is one thing; people with small capital fear mistaking volatility for opportunity the most. ZEC can surprise you, but it can also teach you a lesson in minutes. Without position management, stop-loss discipline, and the confidence to endure drawdowns, even the best market can turn into a meat grinder.
Is today an opportunity? Maybe. But there are two kinds of opportunities: those you understand, and those you only understand in hindsight. The former is trading, the latter is regret. Instead of asking "should I go long," better ask: where is the stop-loss? How much will I lose if wrong? Can I sleep at night?
I've decided not to rush. Breakouts can be observed, pullbacks can be waited for, no chasing ZEC no matter how fierce it is. The market is always open, but your capital only comes once. Missing a move is not shameful; not being able to handle volatility is fatal.
$ETH $ZEC $BTC
#BTC现货ETF连续7日净流入近30亿美元
#美债长端利率持续攀升，融资压力升温
#交易之声：你的经验值得被听到 BTC funds are buying, but the price is hesitating
Spot ETF has had nearly $3 billion net inflow for 7 consecutive days, and corporate treasuries haven't stopped either. Strategy and Strive disclosed a combined increase of about 2,305 BTC this week, valued at approximately $183 million. The capital side is relatively warm, but the market is not cooperating: BTC current price is about 84,400, after touching 87,400 this week it fell back, still below 85,000.
My thinking: slightly bullish, but no chasing. If it pulls back to 83,800–84,000, lightly try going long; first target 85,000, further target 86,000–86,500. If it breaks below 83,200, this short-term logic is invalidated, don't hold hard. Treasury buying does not mean the price will immediately break through; the rebound midway is the easiest time to get hit by a flying knife.
ETF and corporate buying can provide support, but before reclaiming the weekly high, position is more important than direction. The same applies to ETH and SOL; following the rise is fine, but don't chase when sentiment is overheated. Currently suitable to wait for a pullback, control position size, and set invalidation points. Funds are buying, price hasn't caught up, patience is more valuable than impulse. $BTC $ETH
#BTC现货ETF连续7日净流入近30亿美元 #美债长端利率持续攀升，融资压力升温 Just saw the top discussion on the planet still tagged with that label—BTC spot ETF net inflow for seven consecutive days. The community sums up the seven days to nearly 3 billion, and the single-week figure of about 2.4 billion is repeatedly thrown out for comparison; the IBIT leading fund is also often mentioned. The continuous net inflow itself is not really debatable; what's more striking is that the single-day amount at the end has shrunk from nearly 1 billion on Monday. Money is still coming in, but the slope is changing—not that there’s no supply, just a change in rhythm. The weekend discussion still hangs on this line, and after Monday’s opening, everyone will probably continue to compare whether the inflow has picked up.Is $CORE in decline, or has the market missed the real signal?
$5.3 million DeFi TVL looks bad.
But TVL alone doesn't tell the full story.
Take a closer look:
🔹 49,000 daily transactions
🔹 9,100 active addresses
🔹 $2,500 daily DEX trading volume
🔹 $5 daily on-chain fees
🔹 $2.65 million on-chain stablecoins
🔹 BTCFi + staking infrastructure still active
The issue isn't that $CORE lacks activity.
The issue is the economic value generated by that activity.
Transactions exist, but volume and fees remain extremely low.
This raises a bigger question:
Is $CORE still building a real Bitcoin economy, or is the network just maintaining activity without meaningful economic growth?
$BTC staking and validator participation matter.
But secure participation ≠ a thriving $DEFI economy.
$CORE doesn't need more slogans.
It needs liquidity, users, volume, fees, and sustainable value capture.
Fundamentals first.
Price second.
Data over narrative.
What do you think? Is this a turnaround opportunity or a warning sign?👇
#CoreDAO #CORE #BTCFi #DeFi #Bitcoin$DOGE Triple supply walls to break
The cost basis distribution heatmap shows that around $0.098, approximately 28 billion DOGE changed hands, forming the first strong resistance. If the price breaks out with volume, there is still a supply wall of about 498 million DOGE near $0.11. Continuing upward, $0.20 will be a bigger test, with about 12 billion DOGE accumulated there, potentially significantly increasing selling pressure. On the macro sentiment side, $BTC spot ETFs have seen nearly $3 billion net inflow for 7 consecutive days, indicating a warming capital environment that may benefit $ETH. However, whether DOGE can establish a trend still depends on whether it can gradually absorb the above chip zones. $BTC #BTC现货ETF连续7日净流入近30亿美元 The two largest institutional BTC holdings are now very close.
As of the latest data:
US spot BTC ETF: approximately 1,289,500 BTC
Accounting for about 6.14% of BTC's final supply
Strategy (formerly MicroStrategy): 846,000 BTC
Accounting for about 4.03% of the final supply
The ETF's total holdings are about 1.52 times that of Strategy, exceeding by approximately 440,000 BTC.
However, the nature of these holdings is completely different:
The BTC in the ETF essentially represents custodial assets jointly held by investors through the fund, with subscriptions and redemptions affecting the holdings;
Strategy's 846,000 BTC are directly held on the company's balance sheet.
The current institutional BTC holding landscape is very clear:
US spot ETF: 1.29 million BTC
Strategy: 846,000 BTC
Among them, IBIT alone: 799,000 BTC
The next interesting observation line is:
Will IBIT surpass Strategy first to become the largest single institutional BTC holding entity?
#BTC #Bitcoin #ETF #IBIT #MSTR #StrategyAI rotation just found a smaller door.
$KITE jumped 12.3% as spot volume expanded 76% to $34.6M, breaking its multi-month ~$0.14 compression. The twist: leverage followed—futures activity and OI accelerated as price approached ~$0.16.
OKX recorded today’s range at $0.1405–$0.1595.
A breakout backed by volume is useful. A breakout suddenly crowded with leverage deserves a seatbelt. The institutional chip structure of BTC has completely changed.
Grayscale's two products combined hold about 190,300 BTC, accounting for about 14.8% of the total chips in the US spot ETF.
Meanwhile, BlackRock's IBIT alone holds 798,700 BTC, about 62% of the total ETF chips, which is approximately 4.2 times the total BTC ETF holdings of Grayscale.
This is the most noteworthy change in the current BTC ETF chip structure:
Grayscale is no longer the largest institutional chip pool; BlackRock IBIT has clearly formed a leading concentration.
Currently, the BTC held by IBIT is even close to Strategy's approximately 846,000 BTC.
The large BTC chips are forming a new pattern:
Strategy 846,000
BlackRock IBIT 799,000
Grayscale 190,000
Fidelity FBTC 184,000
What is truly worth watching next is when IBIT will surpass 800,000 BTC and whether the gap with Strategy will continue to narrow.
#BTC #Bitcoin #ETF #IBIT #Grayscale #BlackRockSleepless late at night, just the right time to review my trading performance during this small bull market, recording gains and losses for future iteration. Market conditions Starting from August 19, $BTC surged from 65,000 to a peak of 87,000, achieving an astonishing 33% increase within 40 days, while $ETH recorded an even higher gain of 40%. During this period, despite disturbances such as the US-Iran geopolitical conflict, Federal Reserve rate hike expectations, and setbacks in the US "Clear Act" progress, the market overall showed resilience as if "a light boat has passed through thousands of mountains," perhaps this is the charm of a bull market. In this round of market, tokens like $ZEC (privacy sector), $NEAR, $UNI, $ARB, etc., all posted several-fold impressive gains, truly a dividend period for the patient. 2. Reflecting on trading Let's start with spot trading. I began positioning on the left side of the bear market in March this year. Most of the available funds were used to buy spot, with only a small portion for contracts. The tokens and average prices allocated were as follows: 80 SOL, 2000 ETH, 1.3 NEAR, 37 HYPE, 0.8 DOGE, and 0.15 MEGA. The most regrettable "selling too early" — NEAR: It started from a bottom of 1.3 and rose to a high of 5.4 (4x increase), but I liquidated near 2.3. Although I locked in a profit of 10,000 RMB, I watched it multiply several times. The initial buying logic was a bet on its AI narrative (comparable to TAO), but later#特朗普政府拟推海外稳定币计划
The Trump administration is targeting stablecoins this time, but I think the focus is not really on the coins themselves, but on the US dollar and US Treasury bonds.
The news is: the US is considering promoting the use of dollar stablecoins overseas, possibly involving the Treasury Department, State Department, and DFC, cooperating with private enterprises to advance this. The goal is straightforward: to continue expanding the dollar and to find more buyers for US Treasury bonds.
This logic is actually easy to understand.
The larger the scale of $USDT and $USDC, the more reserve assets issuers need to prepare, and the core reserves allowed by the US GENIUS Act include dollars and short-term US Treasury bonds. Currently, stablecoin issuers hold nearly $200 billion in US Treasury bonds and related assets.
So if the US really pushes dollar stablecoins overseas, it is equivalent to creating a "dollar export on-chain."
Previously, overseas users who wanted to hold dollars had to go through the banking system;
in the future, they might just need a wallet to hold $USDT and $USDC.
Users hold stablecoins, but behind that, the demand for dollars and US Treasury bonds may increase.
I think the biggest narrative behind stablecoins is no longer just crypto payments. What the US really wants to do is to move dollar hegemony from the banking system onto the blockchain.Currently for Zec, the contract open interest is 115,000, with a funding rate of 0.007. At the daytime peak, ZEC open interest was nearly 130,000, with a funding rate of -0.02. The funding rate shifted from negative to positive, and the contract open interest dropped from nearly 130,000 to 115,000. Based on daytime observations, it can be basically inferred that for every additional 5,000 ZEC positions, whether short or long, the funding rate rises by 0.01 or falls by 0.01. The ETF holdings of BTC have grown too large to ignore.
Currently, 13 spot BTC ETFs in the United States collectively hold about 1,289,500 BTC, which accounts for 6.14% of the total 21 million BTC supply.
The holdings are highly concentrated:
IBIT: about 798,700 BTC
FBTC: about 184,200 BTC
GBTC: about 127,300 BTC
IBIT alone controls about 3.8% of the final total BTC supply, representing approximately 62% of all BTC held by US spot ETFs.
More importantly, IBIT and FBTC together hold nearly 983,000 BTC, approaching the million-BTC level.
So now there is a very clear change in BTC's holding structure:
A large amount of BTC is concentrating into the custody systems of a few large ETFs.
The total ETF holdings have exceeded 1.2 million BTC, while only about 450 BTC are newly mined each day. As long as ETFs continue to have net inflows, the marginal BTC they absorb can easily surpass the new supply.
What really deserves attention now is not just how many dollars flow into ETFs daily, but—
whether this 1.29 million BTC will continue to increase.
#BTC #Bitcoin #ETF #IBIT #FBTC #Crypto$BTC is around 84450, with very small gains. After a surge and pullback this week, it has now entered a sideways trading rhythm. Interest rates remain high, the dollar is relatively strong, and incremental funds have limited willingness to chase gains, so the short-term range will most likely oscillate between 83000 and 86000.
$ETH is reported near 2699, with weaker elasticity, basically following BTC, lacking independent catalysts, so it is better to watch the linkage first and not expect it to strengthen independently.
$ZEC is quite eye-catching today, above 1640, up nearly 6%. The privacy sector has recently received some capital attention, with inflows on the ETF side and some positions switching from BTC. It remains relatively strong in the short term, but after doubling in a month, the 1650–1710 range presents significant resistance, and around 1500 is the key support. Chasing highs has low cost-effectiveness.
Tomorrow is Monday when the US stock market opens; I tend to expect a flat or slightly higher open. The US stock market closed higher on Friday, and futures sentiment is still decent. Key points to watch are the details of China-US trade, whether oil prices can stabilize, and whether US Treasury yields will rise again. Once yields rise, tech stocks and crypto may both face pressure simultaneously.
Overall: Treat BTC and ETH as oscillating, ZEC has short-term heat but don’t chase the spike; observe the US market for the first half hour after opening, don’t rush to go full position. The market is moving fast; the above is just the current view. China and the US have reached a consensus on a $30 billion tariff reduction, which is a rare breath of fresh air for the currently fragile market.🤝
The transmission logic is actually very clear: tariff reductions mean easing trade tensions, reducing global supply chain cost pressures, and thus lowering imported inflation expectations.📉 Once inflation expectations cool down, the Federal Reserve’s looming rate hike sword might be postponed a bit. For global risk assets, this is a tangible marginal positive.📈
But let’s not get our hopes too high.🤔
First, $30 billion sounds like a lot, but compared to the hundreds of billions in China-US trade, its symbolic significance outweighs the actual incremental impact. Second, the core issues weighing on the market remain the sustained rise in long-term US Treasury yields and the shadow of rate hikes, combined with the industry’s self-rescue sentiment after Bitget’s $352 million theft—none of which a tariff agreement can immediately reverse.🏦
Back to the market, BTC is still hovering around 83,000. This macro positive can support sentiment somewhat, but it’s unlikely to directly ignite a one-sided surge. Liquidity will remain tight, and leverage is still propping up the market.⚖️
Strategically, there’s no need to rush to increase positions just because of one macro positive. Hold your spot positions firmly and keep control over contracts.✋ The real turning point depends on substantive future statements from the Federal Reserve. In this volatile recovery phase, whoever has cash calls the shots—don’t rush in at emotional highs to pay the market’s price.🛡️
Do you think this tariff consensus can support a rebound?👇SanDisk labeled as "AI infrastructure," is $2400 a milestone or a trap?
Rosenblatt initiates a buy rating on SanDisk with a $2400 target price, nearly 50% above the current price. Institutions aren’t doing charity; they are tagging SanDisk as a "core AI infrastructure asset."
Three key logics: First, AI inference pulls NAND from the consumer electronics cycle into the data center cycle, keeping enterprise SSD demand strong; second, SanDisk’s approximately $94 billion long-term contract locks nearly half of its capacity for the next few years, raising the cycle bottom; third, HBF high-bandwidth flash memory samples will be delivered next year—once successful, SanDisk will be selling AI inference infrastructure, not ordinary flash memory.
Some cold water: The target price is a projection by the institution; whether it’s achievable depends on NAND price stability next quarter. Current price increases are slowing, consumers find it expensive, and support mainly comes from enterprise SSDs.
Regarding crypto, storage strength and the big market cap are a seesaw. The chip sector’s strong capital inflow will draw some attention away; however, the overall AI infrastructure chain trending upward indicates tech risk appetite remains, and BTC won’t be neglected long-term.
In short: $2400 is a target, not the end point. Don’t chase the rally; if SanDisk dips to 1650, it’s worth watching, then wait for 1800, 1900.
$BTC $ETH $ZEC
#闪迪获Rosenblatt买入评级，目标价2400美元
#财报观察员：美光财报临近，AI存储需求成焦点 Aave supports tokenized US stock collateral to borrow USDC, indicating that the boundary of on-chain collateral is expanding from crypto assets to real stocks, which is a generally positive narrative for leading lending protocol governance tokens like UNI. However, UNI only rose 2.5% today, and funds have not taken advantage of this topic. I judge that the short term will still be a consolidation phase, lacking independent upward momentum.
Interestingly, there is a cycle mismatch: both the 1-hour and 4-hour charts are upward, with the 4-hour chart 63.85% above the low, but the 1-hour chart is still -3.03% from the high, showing clear pressure on the smaller timeframe. The current price is 9.769, with a 24h high of 10.195 as strong resistance and 9.389 as support; trading volume is 19.105 million, order book buy/sell ratio is 0.84, with 9,717 sell orders outweighing 8,141 buy orders, and the funding rate is only 0.0039%, indicating a cold bullish sentiment.
Strategy-wise, lightly buy on a pullback to 9.612, stop loss at 9.351, target first at 10.076, and if broken, then 10.184; if the rebound to 10.076 shows volume but stalls, then reverse to short, stop loss at 10.231, target 9.648. Keep position size within 20%, and avoid heavy positions until the cycle divergence resolves.
— This is only a personal opinion and does not constitute investment advice. Wish you successful trading. —
$UNI#Aave支持代币化美股抵押借USDC
#Aave支持代币化美股抵押借USDC $UNI $BTC's third-quarter gain has already reached 43.36%, a performance that ranks among the top tier historically for a single quarter. Coupled with past statistics showing that the fourth quarter generally performs even stronger, many have begun to anticipate a new major historical rally.
Historical patterns can only serve as a reference and are never guaranteed scripts to be fulfilled. Just because the fourth quarter has risen significantly in the past doesn't mean this year will simply replicate that. After a big quarterly surge, a large amount of profit-taking is naturally accumulated and can be realized at any time.
The repeated pullbacks after the recent highs are a signal; no matter how strong the overall trend is, fierce corrections will occur intermittently. You can't blindly go all in based solely on historical data.
It's possible to be optimistic about the long-term cycle, but short-term enthusiasm should not be reckless. History is for reference, not for directly betting on outcomes. Leveraged positions require even greater caution.
#BTC现货ETF连续7日净流入近30亿美元 The Trump administration plans to launch an overseas stablecoin initiative, essentially extending the US dollar hegemony onto the blockchain. This is a medium- to long-term positive for the compliant crypto ecosystem, but in the short term, it will withdraw some liquidity from altcoins. BSB is unlikely to remain unaffected; I lean bearish on the rebound. BSB current price is 0.10652, down 2.6% in 24 hours, with a trading volume of 631,000. The funding rate is slightly positive at 0.0050%, indicating longs are still paying to hold positions. The top 10 order book buy/sell ratio is 3.45, with 2,989 buy orders versus 867 sell orders, showing clear buy-side support. Both 1-hour and 4-hour trends are upward, and the price is 20% above the 4-hour low. There is short-term recovery momentum, but resistance at 0.10988 remains unbroken. Strategically, if it pulls back to 0.10535, one can lightly try going long with a stop loss at 0.10385 and a target of 0.10915; if it directly surges to 0.10955 and stalls, reverse to short with a stop loss at 0.11105 and a target of 0.10685. Position size should be controlled within 5%, and exit immediately if the position breaks.
— This is only a personal opinion and does not constitute investment advice. Wishing you successful trading. —
$BSB#特朗普政府拟推海外稳定币计划
#特朗普政府拟推海外稳定币计划 $BSB Last night I was still calculating if I had enough instant noodle money for this month, and this morning I was already thinking about whether to add sausage. I opened the market this morning, and $ONE's surge was soft like it hadn't eaten, with insufficient support and volume not keeping up, so I directly opened a short near 0.0042000.
Now it's 0.0024818, with a return rate of +409.11%, nailed it. This wave isn't luck; every surge is just short of breath, the sell orders keep pressing down, the weak rebound is obvious, those on board should be waking up laughing.
My move is simple: first pocket 80%, put the big chunk in my pocket, keep the remaining 20% at cost price as protection, if it continues to drop let the profit run, and if it rebounds don't turn the profit into discomfort, don't be greedy for the last bit.
Better to miss a sharp rally than catch a flying knife and end up bleeding. The market cures all kinds of arrogance, especially those who think they're the smartest. Panic comes from no plan, loss comes from overthinking.
For friends who haven't gotten on board yet, listen to me: now is not the time to rush, chasing highs easily leaves you stuck at the peak. Wait for a more comfortable position in the next round, I will notify immediately. Miss it and don't chase, wait for the new structure to appear, there are still opportunities, don't rush.
$ADA $SOL "Not the Same Track"
$BTC is the settlement layer beyond the clock: no banking hours, no single legal mandate, it only ensures value is ultimately accounted for. It trades heaviness for reliability, decentralization for neutrality.
$ETH is the public workshop for developers. Lending, swapping, and stablecoins are broken into building blocks that anyone can call, assemble, and recreate. Its strength is not speed but reusability—the more people build, the richer the financial primitives become.
$SOL embeds latency into its product definition. High-frequency trading, on-chain interaction, real-time applications—users want instant response. A slight delay ruins the experience. So it chooses a different path: prioritizing throughput and responsiveness.
The three do not replace each other but solve problems on different levels: BTC anchors settlement, ETH fosters innovation, SOL handles interaction. Understanding their differences is more meaningful than debating superiority.
#BTC现货ETF连续7日净流入近30亿美元 #美债长端利率持续攀升，融资压力升温 #星球日报 #财报观察员: Micron's earnings report is approaching, with AI storage demand becoming the focus. $SNDK, as a leader in flash memory, directly benefits from this round of computing power expansion. I tend to expect a bullish oscillation before the earnings report, with the storage narrative strong enough to provide support.
The 4-hour level is still in an upward channel, rising 17.09% from the low point, but the 1-hour level has weakened, falling 2.56% from the high point, showing short-term momentum divergence. The buy-sell ratio of 0.62 indicates seller pressure, and the funding rate returning to zero shows the bulls are not overheated. The position of 41,000 coin-based holdings remains stable.
Strategically, lightly buy on a pullback to 1771.4, stop loss at 1763.8, target 1798.6; if volume breaks through 1786.9, add to the position, moving stop loss up to 1779.5. Keep position control within 20%, and avoid heavy overnight holdings before the earnings report.
——This is only a personal opinion and does not constitute investment advice. Wish you successful trading.——
$SNDK#财报观察员: Micron's earnings report is approaching, with AI storage demand becoming the focus
#财报观察员: Micron's earnings report is approaching, with AI storage demand becoming the focus $SNDK #BTC现货ETF连续7日净流入近30亿美元, mainstream capital inflow drives SOL to hold steady at 122. I judge that SOL still has short-term upside potential, but the risk of chasing highs is increasing.
The four-hour and one-hour trends are both upward; the current price of 122.92 is only -0.93% from the four-hour high and has risen 26.98% from the low, with volume and price supporting a bullish bias. The top 10 buy orders are 7,961 versus 8,614 sell orders, with a buy-sell ratio of 0.92, slightly favoring sellers; the funding rate of -0.0047% indicates shorts are paying, with an open interest of 3.179 million coins, and crowded shorts actually favor a short squeeze continuation. 124.95 is the near-term resistance, and 119.97 is the key support.
Strategy: Buy on a pullback to 120.35, stop loss at 118.85, target 124.35; if volume breaks through 125.15, lightly add longs, stop loss at 123.45, target 128.65. Single position size should not exceed 20%, and exit decisively if stop loss is hit.
— This is only a personal opinion and does not constitute investment advice. Wishing you successful trading. —
$SOL#BTC现货ETF连续7日净流入近30亿美元
#BTC现货ETF连续7日净流入近30亿美元 $SOL Don't rush to short; the real danger isn't the rise, but your misjudgment of who's taking the position 🫧 You think there's no volume, but actually, it's just that the line you're watching has no volume? I've been monitoring cross-market interactions all night, and the more I watch, the more I feel many people mistake "surface activity" for "real absorption." ETH opened a 100x short near 2694, current price touched 2711, floating loss 1762U, forced liquidation stuck at 2730.5. This is not about judging direction; it's like hanging your position on a needle tip. If the price between 2710 and 2720 pushes up again, the game is over. But if it can't go up here, the profit-taking accumulated from the previous continuous rise could indeed cause a quick pullback. Data snapshot - ETH current price about 2711, short forced liquidation at 2730.5, buffer less than 1% - ZEC about 1661, up over 7% intraday, highest 1695.5, 1700 not firmly held - NEAR about 5.415, up 7.5% intraday, 197% up in 30 days, 356% up in 180 days - SUI about 1.262, up 8.5% intraday, 40% up in 7 days, nearly 70% up in 30 days - US long-term Treasury yields are still rising, yet BTC spot ETF has had nearly $3 billion net inflow for 7 consecutive days The most easily overlooked here is the dark line across markets. The rise in US long-term Treasury yields should suppress risk appetite, but the ETF side is still continuously accumulating. In other words, traditional assets#CME plans to launch BCH and UNI futures, bringing renewed attention to the derivatives sector. SLX, as a similar asset, shows a relatively bullish sentiment, but my judgment is: the positive factors have not yet materialized, so follow discipline for short-term trades and avoid chasing highs.
Current price is 0.07156, up 2.9% in 24 hours, with a trading volume of 4.052 million. The four-hour low has risen by 23.36%, and the mid-term structure remains upward; however, the one-hour level has turned downward, falling 1.58% from the high. The funding rate is only 0.0050%, with open interest at 30.703 million coins, sentiment is not overheated, and the top 10 bid-ask ratio is 1.15, with buyers slightly dominant.
Trading plan: place a long order on a pullback to 0.06985, stop loss at 0.06825, target 0.07345; if it directly surges to 0.07265 and stalls, then lightly short with stop loss at 0.07385, target 0.07015. Single position size should not exceed 5% of total funds; exit immediately on a breakout, do not hold losing positions.
— This is only a personal opinion and does not constitute investment advice. Wish you successful trading. —
$SLX #Trump administration plans to launch overseas stablecoin program
#CME plans to launch BCH and UNI futures $SLX CORE surged sharply, my short position is still open
$CORE This rally is ruthless. It touched 0.02463 in one hour, with a nearly 5% increase, candlestick after candlestick, the market is scorching hot. It's not true to say I'm not nervous, but my short position hasn't moved.
Why? Because I'm not looking at this single hourly candle, but the original trading framework: resistance, sentiment, indicators, and macro resonance. As long as the underlying logic hasn't been falsified, I don't want to surrender hastily because of a few bullish candles.
KDJ has surged into a high-level plateau, with the J value approaching 100. Continuing to chase longs at this position may not be cost-effective; what bears fear most is often not the failure to pull back, but being forced out by sentiment before the pullback. Stopping loss now means handing over chips and patience to the bulls.
So I continue to hold, waiting for a pullback, waiting for a wick. In extreme cases, I accept the risk of liquidation; this is my own judgment and position choice.
The external environment is also unsettled: $BTC spot ETF has had nearly $3 billion net inflow for 7 consecutive days, supporting risk appetite; US long-term Treasury yields are rising, increasing financing pressure; Micron's earnings report is approaching, with AI storage demand again in focus. Amid the interplay of bulls and bears, $CORE's sharp surge looks more like an emotional pulse rather than a logical conclusion.
My forecast remains unchanged: the sharper the strength, the more sudden the pullback is likely. I continue my short position, quietly waiting for the market to provide the answer.
#BTC现货ETF连续7日净流入近30亿美元 #财报观察员：美光财报临近，AI存储需求成焦点 Understand Big Brother Maji's profit-taking logic! Why does he reduce positions in batches during ETH's rise?
Big Brother Maji did not choose to hold full positions rigidly this round; instead, he continuously took profits as ETH rallied. This operation is worth analyzing.
ETH is the core position in the account, held with 25x leverage and the largest position size, contributing the vast majority of unrealized gains. As the price rises, he keeps selling parts of the position, converting unrealized gains into real profits, while retaining the base position to avoid missing out on subsequent market moves.
The 40x BTC long position was not reduced, indicating he remains optimistic about BTC's overall market trend; the small HYPE position is slightly underwater, serving as a speculative position in the portfolio, small in size, used to seek excess returns from altcoins.
This combination strategy of “taking profits on the core position while it rises + retaining the base position + small speculative altcoin positions” is a classic approach for high-leverage large traders. The advantage is that in a rising market, profits can be secured to avoid the risk of sudden market reversals. The downside is the extremely high leverage; even after taking some profits, the remaining position cannot withstand sharp price spikes.
Large traders' strategies match their own risk tolerance; ordinary traders should not directly copy operations with dozens of times leverage.#BTC spot ETF net inflow nearly $3 billion over 7 consecutive days; $5.8 billion deficit forcibly turned into $900 million net inflow, yet shorts are still increasing
The US spot BTC ETF has had net inflows for 7 consecutive trading days, totaling $2.978 billion. On September 21 alone, there was a $999 million inflow, the strongest single-day inflow since October 2025 and the ninth largest single-day inflow since the ETF's launch. BlackRock's IBIT absorbed about $1.2 billion in one week, Fidelity's FBTC took $702 million, and Morgan Stanley's MSBT had $203 million in one week, marking its strongest since its April launch.
The most critical change is the reversal in direction. On July 13, BTC ETF funds were still in a deep hole of -$5.8 billion for the year; after this 7-day inflow, it forcibly flipped to a positive $934 million.
But JPMorgan poured cold water: IBIT short positions remain near the year's high, with the put/call ratio significantly higher than the gold ETF GLD, while GLD short positions are below historical averages. JPMorgan's original statement — if hedging demand weakens, Bitcoin will receive greater rebound support than gold.
Funds are buying, shorts are defending. The price is stuck at 84,000, and Daan Crypto Trades pointed out that BTC has shown buying interest above 84,800 for the first time in weeks. Whether the scissors difference can ignite depends more on monitoring changes in short positions than on inflow numbers. #BTC #ETF Not investment advice. $BTC In December 2025, the Federal Reserve officially ended the quantitative tightening (QT) that had lasted for more than three years. On the surface, this appears to be a cyclical policy adjustment—balance sheet reduction ends, and a wait-and-see approach begins. But if you shift your focus from the total figures to the structural changes in the balance sheet, you will find a set of operations far more complex than just "the end of balance sheet reduction." The keywords for these operations are: exchanging short-term for long-term, explicit reduction with implicit expansion. And the smart money's response to this is to exit those sectors most dependent on the old liquidity paradigm. The "hidden door" mechanism The Federal Reserve's balance sheet reached a historical peak of about $8.9 trillion in June 2022, and after more than three years of QT, it declined to about $6.657 trillion by March 2026. The scale has indeed decreased. But the real changes worth noting are hidden in the structure. The first hidden door is the Reserve Management Purchase program (RMP). In December 2025, due to signals of reserve shortages in the money market, the Federal Reserve announced the launch of the RMP, injecting liquidity back into the system by purchasing short-term Treasury securities. The Fed officially defines the RMP as a "technical operation" to ensure sufficient liquidity in the financial system, but the market tends to interpret it as a form of "covert easing" or "quasi-quantitative easing." By June 2026, the Fed's balance sheet size had rebounded to about $6.79 trillion, and in fact, a reversal had occurred. The second hidden door is even more covert. The Fed's holdings of MBS have decreased from about $2.7 trillion at the beginning of 2022 to $1.96 trillion by June 2026,[Old Chive Observation]
$LSK is currently around $0.32.
This coin already had a crazy run a few days ago.
On September 24th, it peaked at $0.427, then touched $0.481 on the 25th, and subsequently dropped all the way back down, now hovering around $0.32.
But the real big change for Lisk hasn't ended yet.
On October 31st, the Lisk Chain will officially shut down.
Moreover, the DAO has approved a proposal to burn 100 million LSK, reducing the total supply from 400 million directly down to 300 million.
More importantly, Lisk is no longer planning to continue with the original public chain.
The new direction for Lisk is to provide enterprises with account management, payments, approvals, and stablecoin fund management, with LSK becoming the loyalty token for this new platform.
So now, when looking at LSK, you can't just focus on the "old public chain migration" narrative anymore.
The previous surge already priced in expectations once; now the market needs to reprice this new Lisk.
Entry: $0.315–$0.335
Take profit: $0.38 / $0.43 / $0.50 / $0.60
Stop loss: $0.295