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One of the biggest headaches for ENS in previous years was people using domain names to mass-issue scam tokens, and the official team could only arbitrate one by one.
Now the direction has reversed. V2 allows a single domain name to act as an independent registry, where communities and organizations set their own subdomain issuance rules—a root domain becomes a namespace plus a token launcher. Whoever controls the root domain can spawn unlimited subdomains, taking even the "name looks trustworthy" aspect along with it 😏
Regarding existing domains, the official stance is very polite: current .eth domains will continue to work without needing to re-register, and upgrading is voluntary. Thirty-six million domains and over six hundred applications—these two numbers will still be cited; but who will really migrate to V2? Most likely new names, not those thirty-six million old domains.
$BTC
$ETH
$ENS Samsung's Q3 operating profit is expected to increase nearly 8 times, and the numbers are indeed shocking. But before the full financial report is released, what I most want to resist is equating this directly to "HBM has completely won."
Samsung is a conglomerate with many businesses. Storage, wafer foundry, mobile phone businesses, etc., face different demands and costs. A significant increase in group profit can prove strong overall performance but cannot automatically endorse every business line.
Especially regarding the rise in storage prices, the implications may differ across departments. The supply side benefits from the price increase, while end products must consider component costs. Internal transactions also require consolidation and elimination, so the benefits of each department cannot be simply added together.
So this time I want to see which businesses mainly contributed to the profit and which still need continued investment.
If storage profitability improves while other businesses also improve, the market's understanding of growth will be more complete; if profits are highly concentrated in one area, then we need to ask how long that segment's prosperity can be maintained.
Such a large year-on-year increase inevitably creates the impulse of "if you don't buy now, it will be too late." I also think the results are impressive, but the earnings forecast has already told everyone the total and breakdown. The value of the full financial report lies in seeing how each subject performed. The upcoming expectation gap is likely hidden there.
#三星Q3利润预增近8倍，完整财报即将揭晓 $ZEC BTC and ETH have been volatile these three days, with daily highs getting lower each day. Everyone be cautious and pay attention to risks. Before the Thursday interest rate decision and the related statements come out, it's not advisable to hold heavy high-leverage positions. Hold back, better to stay in cash. Don't rely on K-line charts of minutes or hours, they can be misleading. ZEC is running an independent rally again, up for three consecutive days, but: be cautious. Chasing longs and chasing the rally is very risky because the fact is: neither the high of 1348 on the 12th nor the more recent high of 1368 on the 22nd has been reached or broken. There is still a possibility of a sudden reversal downward. Can ZEC really be completely unaffected by BTC and ETH? I think it's unlikely... That's all.[Pharaoh's Market Watch]
ETF funds are like the Pharaoh drawing maps in the desert—changing every day. Can this buying pressure really hold steady?
The Pharaoh says directly: don’t expect it to hold firmly. The current ETF funds are like "weather vanes," swaying with the wind.
First, look at how volatile the data is. Last week, the US spot Bitcoin ETF had a cumulative net inflow of about $246 million, with BlackRock's IBIT alone absorbing $373 million. But don’t forget, in the first week of October, nearly $680 million fled, marking the worst since August. On October 7 alone, $485 million flowed out—the largest single-day outflow in three and a half months. Money comes in fast but leaves even faster, mainly aiming to "break even and exit."
First, the macroeconomic sword still hangs overhead. The 10-year US Treasury yield remains above 5.2%, making risk-free returns very attractive, so funds dare not stay long in risky assets.
Second, the FOMC meeting is just ahead. The October 28-29 rate decision meeting has an 85% chance of a pause in rate hikes, but who dares to bet heavily before the meeting? Everyone is waiting for the shoe to drop.
Third, there’s heavy resistance above. A large amount of previous chips are stacked around 81,000 for Bitcoin; no one is stepping up to push it higher, so the price naturally slides down.
What does this mean for Bitcoin? ETF buying is a "floor support," not an "engine." It can prevent deep drops, but whether it can soar depends on when Treasury yields bow and whether the FOMC will signal dovishness. $BTC $ETH #BTC现货ETF资金反复，市场买盘能否企稳？ zijin Thermometer: ETF Shift on October 21, but "Sustaining" Is Harder Than "Turning Positive"
ETF data shows a notable change: BTC net inflow of about $40.8 million, ETH net inflow of about $29.4 million, and SOL also shifted from slight outflow to inflow. A few days ago, there was a collective retreat; now the three major coins have simultaneously turned positive.
However, a single-day shift needs to be viewed over a longer period. ETH remains in net outflow over the past 30 days, and SOL’s 30-day dimension has not fully recovered either. BTC’s cumulative ETF inflow over the past 7 days is about $513 million, showing marginal improvement in capital reception, but whether this forms a trend depends on continued follow-up.
Key reference levels:
$BTC: Around 84,500, with 85,000 above as a recently repeatedly tested area, and 86,000 as the next observation point; on the downside, first watch for support around 84,000.
$ETH: Around 2,507, with the 2,500 integer level as the short-term bull-bear dividing line.
$SOL: Around 108.4, if the 110 level fails to break through, short-term chasing funds may face pullbacks.
Before results are announced, zijin tends to be cautious. What’s more worth tracking now is the continuity of ETF inflows, not just single-day figures.
Interaction: Who do you think has stronger sustainability in this round of inflows, BTC or ETH? Let’s discuss in the comments.
For record-keeping only, not investment advice.
#美伊讨论霍尔木兹开放方案，油价回落 $NEAR NEAR's shorts on the market are about to be hung on the wall.
There are $130 million worth of short positions locked in the contract, with unrealized losses on the books already nearly $10 million. Sometimes, the best upward momentum comes from a group of people firmly believing the price will inevitably fall. Bulls don't even need to make an effort; as long as the market breaks slightly upward, the chain liquidation stop-loss orders of these shorts will automatically push the price flying up.
#NEAR
$NEAR
👇Is $AKE crazy? Has the sideways movement these days been just for this?The end of $FIL unlocking is not a reversal; it just replaces the obvious selling pressure with a demand vacuum. The real daily storage income is only $4, compared to a valuation of over a billion, what is supporting this market? The long-short ratio is stuck at 190, with over 2 million leveraged positions all piled on the same side. It would be strange if the big players don't push it down. The highs and lows keep moving lower every day, and after breaking below the range's lower boundary, there hasn't been a decent rebound; everything offline is just a pretense.
#FIL
$FIL
👇SoFi's earnings-driven rally is really strong—yesterday's post mentioned a pre-market +4.8%, today OKX's xSOFI went straight to 16.59, +15.13%, climbing from 14.38 to 16.68 within 24h, staying near the highs; the underlying stock SOFI hit 16.57 intraday, +14.56%, marking the largest single-day gain since August 3.
What's driving this? Q3 revenue exceeded expectations, adjusted EBITDA beat market estimates by over $40 million, and the company raised its full-year revenue guidance—every metric in the earnings report is proving the bears wrong. Fintech (digital banking plus lending) is being revalued by capital; OKX xSOFI tracks the underlying stock intraday with less than 1% price difference.
My judgment: this is a genuine earnings-driven rally, not just hype—the revenue beat plus raised guidance are solid catalysts; but with three consecutive days of gains (+9%, +14%, +15%), sentiment is heating up. Intraday turnover of 7.19% indicates intensified trading, so those chasing should beware of a high-open, low-close scenario.
Watch the signals: whether 16.68 (24h high) can break out with volume; if the underlying stock can hold above 16.65 intraday, sentiment remains intact; the most critical is whether it can close firmly above 16—earnings rallies fear a gap fill from a low open the next day.
#SoFi #xSOFI #USStockTokens
Not investment advice, DYORTrump calls to buy coins, the Federal Reserve coldly raises interest rates: who do you think retail investors believe?
Brothers, this script is just too intense.
On one side, the White House is exploring using federal funds to buy Bitcoin, with the strategic reserve executive order still fresh;
On the other side, the Federal Reserve Chair Jerome Powell, personally appointed by Trump, raised interest rates by 25 basis points in September, which angered Trump so much that he said in a "Time" interview: "If it were me, I would vote no."
You call this "America First"? This is called fighting with both hands.
But the market first believed Trump's words. When he said "discussed buying Bitcoin," BTC surged from 65,000 to 70,000; when he said "no war with Iran before midterm elections," BTC bounced back to 81,000.
But look closely, all these statements are "discussed," "planned," "in progress"—none have actually been implemented. The probability of the bill passing was cut from 30% to 10% by Galaxy Digital, and Polymarket only gives 17%-19%.
The market is trading on what Trump said, but the Fed is trading on whether inflation is still present.
A report from the New York Fed directly contradicts this: 2.9 percentage points of commodity inflation in February 2026 is due to tariffs; the September CPI annual increase is 3.7%, with fuel prices soaring 74% year-over-year.
So in the past 24 hours, the entire network liquidated $544 million, with longs liquidated at $461 million, which is not undeserved at all.
Retail investors believed the "Trump rally" and chased longs, but the Fed poured a cold bucket of interest rate hikes, and leverage died on the spot.#Robinhood交易业务增长能否延续？ No#闪迪存储业务高增长能否延续？ Folks, on October 29th there's another tough battle ahead, SanDisk is about to release its latest quarterly earnings report.
The current expectation is revenue between 10.3 billion and 10.8 billion USD, with confidence fully resting on AI data center demand and NAND flash price increases. It looks quite strong, but there's a big pit hidden inside.
The market isn't afraid of poor performance now; it's afraid of good performance with guidance that isn't explosive enough. Recently, Micron and Western Digital had decent earnings, yet their stock prices were still hammered badly. Because expectations were set too high, as soon as you can't continue to beat expectations, the money runs away immediately.
This time, when looking at SanDisk, don't just focus on revenue; the key is to watch two things. First is gross margin—whether the benefits from NAND price hikes have truly converted into solid profits. Second is next quarter's guidance—whether management has confidence that demand and price increases will continue into next year.
This matter still directly impacts our BTC. Storage and chips are the risk appetite barometers for global tech stocks. If SanDisk's earnings disappoint, the entire AI hardware chain will shake, and BTC definitely won't hold the 80,000 level, it will have to drop further. Conversely, if its performance is outstanding, it means AI is still crazily attracting money, but BTC won't benefit much since all the money is going into building data centers. $SNDK $SKHYNIX $BTC On the evening of October 27, I bought 0.602324 xSNDK on OKX at an average price of 1299.3 USDT, with an actual transaction amount of about 781.34 U. The order screenshot is attached below for those interested to compare. Let me first share my thoughts before the earnings report. SanDisk will release its new quarterly earnings report after the US stock market closes on October 29. Last quarter's revenue was $8.965 billion, a 51% quarter-on-quarter increase. The company's guidance for this quarter's revenue is between $10.3 billion and $10.8 billion. I am optimistic about its storage business, mainly because the demand from AI data centers continues to be released, coupled with NAND prices and the expansion of enterprise-level SSD business. These points, in my view, are solid support. After the results come out, I will mainly focus on three areas: whether revenue can exceed guidance, whether the gross margin can maintain a high level, and whether the guidance for the next quarter is further raised. Also, I have to consider risks; if the market has already priced in the good news in advance, even if the performance is good, the stock price may open high and then fall, which I am aware of. As for why I bought now, this is actually a small position trial order before the earnings report, not a heavy bet on the results. I chose xSNDK mainly to participate in the storage sector's earnings momentum while keeping the position within my risk tolerance. If the earnings exceed expectations and the stock price stabilizes, I will consider adding to the position; if good news comes out but the volume drops, I will have to reassess. Ultimately, trading is not about guessing the earnings correctly to make money; entry pointWhy is everyone so focused on the upcoming interest rate meeting? In fact, interest rates basically drive the fluctuations of the entire market above. Take rate hikes as an example: in reality, the bond market and interest rates are fundamentally linked. Generally, when interest rates rise, bond yields adjust upward in sync as an anchor. The reason is that if yield and interest rates become unanchored, frequent arbitrage activities occur, such as borrowing money from banks to buy bonds. This situation would worsen the economy, which is not the banks' original intention. Of course, sometimes the bond market also forces the central bank to regulate interest rates.
Rate hikes also cause global capital inflows. For example, with the US Federal Reserve raising rates, US assets become attractive. Global currencies are converted into dollars in the forex market to be stored in the US to earn interest, which forces the dollar exchange rate to rise and strengthens the dollar's value.
Rate hikes also drain liquidity from the US domestic stock market and gold market, including $BTC. The so-called stock-bond seesaw is the reason: rate hikes make it difficult for US domestic companies to finance, and the market holds a pessimistic view of corporate expected profits, leading to a depressed domestic stock market.
Additionally, gold and $BTC are global markets; capital is converted into dollars to purchase lower-risk bonds or deposited in the Federal Reserve, further draining liquidity from these two markets.
This is basically a relatively shallow understanding. Due to word limits, I'll stop here for now. #ThisWeekWillAnnounceOctoberFOMCInterestRateDecision Strategy halts for the first time in five weeks as FOMC opens today
Two stable marginal buy orders simultaneously stopped before the decision: Strategy made no trades from October 19 to 25, instead spending about $205 million to repurchase preferred shares; U.S. spot ETFs saw a combined outflow of about $770 million over two days, with prices suppressed below 80,000 awaiting direction.
$BTC around 79,600, briefly rebounded above 80,000 intraday before falling back. ETF net inflow for the day was $110 million, but all came from BlackRock IBIT alone, with zero flow from other products. 79,400–79,600 saw multiple supports, while 80,500–80,800 is resistance above. Strategy's pause is more noteworthy than ETF outflows, as it signals buying on a weekly basis.
$ETH around 2,305. ETF net outflow for the day was $88.58 million, with BlackRock ETHA alone accounting for $104.7 million, setting a single-day outflow record for the product. 2,300 was repeatedly tested, with no capital support signaling a bottom.
$SOL around 99.9, having fallen below 100. ETF net outflow for the day was $8.23 million, and about $49 million SOL was transferred to exchanges as monitored on-chain.
In short: Before the FOMC opens, Strategy has stopped, ETFs are propped up by only one player, and SOL has broken the key round number. All three coins are waiting for the same thing: who will come back first after the decision.
#Meta启动350亿美元融资，支持AI基建 60,000 people received voluntary layoff invitations as Microsoft invests $175 billion in AI
On Monday, Microsoft offered voluntary layoffs to about 60,000 employees, accounting for 27% of its global workforce of 223,000.
This covers the US, Canada, UK, and India, including teams from Copilot, Windows, and Xbox, excluding data centers and sales.
Decisions must be made by early December, with departures by year-end; the company did not disclose how many it expects to leave.
This is not the first downsizing this year: about 8,750 qualified for the spring retirement plan, with over 30% accepting, and 4,800 were laid off in July.
Meanwhile, Microsoft plans to spend $175 billion on AI infrastructure this year, with quarterly capital expenditures exceeding $50 billion.
The money saved on personnel is flowing into buying hardware.
Earnings report will be released after market close tomorrow, with expected EPS of $4.71 and revenue of $90.6 billion; Azure guidance growth at 45%.
My view: The AI spending will eventually be balanced by headcount reductions; downsizing is not negative but a cost statement, so observe without chasing.
Invalidation point: Azure growth below 45%, or capital expenditure guidance raised again.
Which side are you on?
A: Downsizing to protect profits, stock rises after earnings B: Spending out of control, watch $486 first
$MSFT $GOOGL $AMZN
#Microsoft #EarningsReport The market is so quiet it feels a bit unreal. BTC is grinding between 79,800 and 79,330, having touched a high of 80,291 before sliding back, like someone repeatedly testing the door but unwilling to push it open. Seeing this horizontal line, would you want to add to your position or pull back first? In the past 24 hours, it dropped between 0.54% and 0.76%, with a monthly cumulative decline of about 5%, marking three consecutive weeks of losses. The Fear and Greed Index fell from 50 to 48, slightly below neutral; sentiment hasn't collapsed but is clearly contracting. What really made me pause is the derivatives side: about $135 million liquidated in 24 hours, with longs accounting for $91.74 million. Leveraged longs proactively withdrew before the FOMC, which isn't panic but more like unloading vulnerable points in advance. The market is not really trading on "whether to raise rates" but on "whether December will be forced to act." The probability of no action this time is priced at 90.6% to 91%, almost fully accounted for, so the real variable lies in the nearly 80% rate hike expectation for December. In other words, the meeting itself may hold no surprises, but any slightly hawkish wording or dot plot will first hit those long positions that haven't been fully cleared. The bullish path also holds: after a round of washing out leveraged longs, the position structure lightens; if the decision is moderate, the squeeze risk shifts to shorts, giving BTC a chance to retest above 80,291. ETH and altcoins' sentiment recovery would be faster, and when risk appetite warms, capital is more willing to return to high beta assets. But the unseen risk is,$SOFI's earnings report triggered a 15% jump, but the stock price is only at half of its one-year high.
Both membership and revenue are growing, and next year's guidance is higher than the market expected. I can understand this rally.
What I care more about is the crypto revenue line.
On the books, it's $160 million for one quarter, but after costs, they only keep $1.6 million.
In other words, they're just helping users buy crypto and taking a small cut; the money basically doesn't go into their own pocket.
So don't treat it as a crypto concept stock to speculate on; its profits still mainly come from lending.
However, the number of crypto accounts opened increased quite a bit in one quarter, it seems retail investors are coming back.
I don't hold it, so I won't chase.
If today's bullish candle can hold above $15.5, that would be considered digested; if it falls back to the $14 range, then treat it as a one-day play.
When you look at earnings reports, do you check revenue first or flip through the fine print?
$SOFI $COIN $BTC
#SoFiEarnings上周一整周，全球最大的企业持币方一枚比特币都没买：十月十九到二十五号，零买入、零卖出，连续五周的增持停在这里。同一周它花掉 2.049 亿美元，回购自己 206.8 万股优先股，账上美元现金从 4.473 亿缩到 2.424 亿。价格同步跌穿 8 万，最低摸到 79,500 附近。这份提交给监管的文件把话说得很直白——钱有更急的地方要去，而那个地方不是比特币。 大部分人只看到「少了一个买家」，我看到的是弹药换了用途。它手上 848,517 枚、总成本 640.2 亿、均价 75,446，离现价不到 6%——再往下走，它自己先站在浮亏边上。过去几年每次恐慌，它是唯一还在出价的那一方；现在这一方开始给自己止血，底部的算法就变了。历史摆在那儿：2021 年 11 月那轮见顶，最先崩的不是价格，是它股票相对持币的溢价，溢价一没，买币的机器自动停。这次还没到那一步，但方向是一样的。 有个细节几乎没人提。指数编制方 11 月 11 日出受影响名单、11 月 30 日起生效：资产负债表被单一资产主导的公司，要失去指数资格。这句话翻成钱就是——要么筹钱证明自己不是只会囤币，要么被动卖币保住席位。靠被动#SK海力士Q3财报在即，HBM4能否提振盈利？
Better than expected: Yes
HBM4 is gradually ramping up, DRAM/NAND spot and contract prices are rising, the proportion of high value-added AI storage continues to increase, and multiple brokerages have raised profit targets. The risk lies in the market expectations already being fully priced in; even if profits meet targets, if HBM shipments or Q4 ASP guidance fall short of expectations, it is easy for the positive momentum to be realized and then retreat. An additional surprise could be a special dividend plan.📉BTC back to 80,000? Don't rush to pop the champagne, but the bears' coffin lid has already been nailed shut!
Brothers, BTC is hovering above 80,000 now. Looks stable? Do you know how many people liquidated overnight when it dropped to 79,330 early yesterday?
But what you didn't see is that in the past 12 hours, short liquidations have accounted for 58%, surpassing the longs. In the last 4 hours, shorts have been liquidated by 9.36 million, while longs only 6.13 million.
Price is rising, shorts are bleeding, doesn't this script look a bit familiar?
Look outside the market, real money is coming back. Last week, BTC spot ETFs had a net inflow of $442 million, reversing two consecutive weeks of outflows.
Bitcoin reserves on exchanges remain at multi-year lows, with fewer chips available to dump. What do shorts have to push the price down? Just talk?
But don't get ahead of yourself. The 80,000 level is not a solid bottom, it's a tug-of-war line.
Above, 81,800 is the 50-day moving average, and 84,120 is the real resistance.
The FOMC is tonight, before that old man Wash speaks, no one knows which script he'll read. In this double explosion of longs and shorts, chasing highs is just giving away your head.
My approach is clear: don't chase shorts, and don't blindly chase longs.
From 79,300 to 81,800 is the upper and lower edge of the meat grinder. Shorts have already laid down a batch, but the real direction depends on a strong volume breakout above 81,800 to count. OKB is just a pure worthless snack. The total supply locked at 21 million sounds impressive, but in reality, it's just for show—no one uses it, no one locks it, no one burns it, it's locked in vain. The 30 million TVL in X Layer is nothing in the L2 circle; others' yawns surpass its annual trading volume.
Exchange OS is hyped as the next-generation financial infrastructure, but what’s the result? Public beta runs on points, like elementary school kids collecting stickers. Real liquidity? Nonexistent. The RWA narrative is loud, but the tokenized stock scale is negligible. Compliance has been shouted for over a decade, but they haven't secured a decent license or even a shadow of one.
What's the most disgusting? OKX exchange itself is making a fortune, derivatives depth is maxed out, user base is there, but OKB holders get no piece of the pie. All the money goes into the company's pockets, token holders just stare blankly, like fools waiting for "future value release." Future? Future my ass.
Xu Mingxing’s "stability" mantra is so "stable" that OKB’s market cap can’t even reach a fraction of BNB’s. Other exchanges’ tokens are rising, but OKB is playing dead, like a vegetable.The core focus of MSTR's (formerly MicroStrategy) latest earnings report is not on software business revenue, but on the book volatility brought by Bitcoin holdings. The stock price is highly tied to BTC price, and the earnings report's book profit and loss basically come from unrealized gains and losses of crypto assets.
The software main business cash flow is stable, but the market pricing logic has long shifted to Bitcoin leveraged positions. If BTC sentiment improves, capital will prioritize playing MSTR's elasticity; conversely, impairment pressure will quickly suppress the stock price.
This bet on a positive return essentially wagers on BTC's sentiment recovery on the first full trading day after the earnings report, with high elasticity and risks concentrated on coin price fluctuations.A $400 million whale long position is only $30 away from liquidation! Big players are slipping away first, while retail investors are still holding on
BTC today oscillated between $79,400 and $80,800, closing at $79,841, with the $80k level repeatedly gained and lost; ETH is even weaker, stuck at $2,312, not actively following the rise, but leading the fall. The question is: who is buying? Who is running? $ETH
Big players are slipping away, retail investors are holding on. The BTC retail long-short ratio has dropped to 0.4861, with massive liquidations; the big players' long-short ratio is 0.77, holding longs and watching, with bears dominating. ETH is even more amusing, the long-short ratio still hanging at 2.46, the bullish exposure hasn't been cleaned out at all, the bulls are quite stubborn. In the past 24 hours, the entire network liquidated $578 million, with bulls contributing 91%, BTC and ETH were cut by $235 million and $184 million respectively. The most exciting part is that a certain whale holds nearly $400 million in BTC+ETH long positions, with ETH liquidation price at $2,181, last night’s low was $2,282, only $30 away from "going to the rooftop", urgently adding margin to survive. $BTC
No impact from outside news? The impact is big. The probability of the Fed holding rates steady on October 28 is about 90%, but the expectation of a rate hike in December has climbed above 68%; ETFs also showed no mercy, with BTC net outflow of $169 million in a single day, and ETH net outflow of $16.07 million
Today is not the bottom, it’s a "wait"—waiting for the Fed decision to land, waiting to see if the whale’s $400 million+ position will be topped up or wiped out #本周将公布10月FOMC利率决议 Don't be fooled by “bulls outnumbering bears by 2.2 times,” more people doesn't mean the price will rise.
① OKX 4H went from 1.3025 to 1.3194, with a high of 1.3288. In plain terms: there's a rebound, but the 1.33 barrier hasn't been cleared yet.
② Gate has 2,660 long users, 1,228 short users, holding 11.07 million contracts. In plain terms: the bulls are genuinely crowded, not just fake hype.
③ Funding rate is 0.01%, not expensive. In plain terms: the cost for bulls is low, so they can hold on for a while.
Experienced traders know that a crowded rebound is the easiest to catch the last leg if you chase it. I'm bearish for now, watching around 1.29; if 4H closes above 1.33, I'll admit I'm wrong.
Do you think the bulls are preparing a big move, or just fueling the bears? $XRP #XRP The core focus of MSTR's (formerly MicroStrategy) latest earnings report is not on software business revenue, but on the book volatility brought by Bitcoin holdings. The stock price is highly tied to BTC price, and the earnings report's book profit and loss basically come from unrealized gains and losses of crypto assets.
The software main business cash flow is stable, but the market pricing logic has long shifted to Bitcoin leveraged positions. If BTC sentiment improves, capital will prioritize playing MSTR's elasticity; conversely, impairment pressure will quickly suppress the stock price.
This bet on a positive return essentially wagers on BTC's sentiment recovery on the first full trading day after the earnings report, with high elasticity and risks concentrated on coin price fluctuations.SK Hynix's upcoming Q3 earnings report is widely expected by the market to show operating profit climbing to a high level, but the core focus is no longer on short-term performance; it is on the industry logic restructuring brought by customized HBM4.
The era of huge profits from mass-producing standardized memory is rapidly coming to an end. Starting with HBM4, the fundamental logic wafer (Base Die) must fully shift to TSMC's advanced logic process manufacturing. Memory manufacturers are no longer independent players but are deeply integrated into the ASIC and customized wafer ecosystem, with capital expenditures and yield costs rising sharply.
This creates an industry inflection point: although HBM4 can raise unit prices, TSMC's share combined with complex packaging costs will directly compress the originally ultra-high HBM gross margin of over 70%. Future profit growth will no longer depend on who ships faster but on who can unlock the customized supply chain and maintain bargaining power.
When HBM completely transforms from a "hot commodity" into an "exclusive customized part bound by foundry," who do you think—Hynix or Samsung—can better withstand the dual pressure from foundries and chip designers?
Regarding SK Hynix's upcoming Q3 earnings report tomorrow, if I were to summarize it in one sentence: the performance will be very impressive, but the capital market's reaction may be quite cautious or even divided.
#SK海力士Q3财报在即，HBM4能否提振盈利？ $ENS
There’s a lot of big news today, but I’ll note a less popular one first: ENSv2 has launched on the Ethereum mainnet. The protocol has been completely rewritten, supporting 36 million names and over 600 applications in resolution, and they even issued a commemorative NFT. With an update of this scale, other coins would have already taken off.
But the price gave me a cold splash: OKX is currently at 5.145, dropping from 5.302 in 24 hours, down about 3%, with a high of 5.32 and a low of 5.029; Binance is at 5.129, down 3.13%, roughly the same. The funding rate is 0.01% at the first tier, and contract open interest is only $1.65 million, very quiet.
I casually checked the changes: the annual fee for domain names over 5 characters rose from $5 to $8, the grace period was cut from 90 days to 28 days, and the maximum discount for long-term registration is 44%. The protocol is making real changes, and fees are genuinely increasing. My judgment: the price on launch day doesn’t count; the real test is whether people will register or renew because of this version. I won’t guess the price; I’ll watch the user data for this version for a month first.
#本周将公布10月FOMC利率决议 $BTC
There were three ETF-related news all at once today, so why is BTC still moving so sluggishly at 80,000? The head of research at Galaxy said some long-term funds increased their Bitcoin ETF holdings in Q3, with his SIGFIG clients adding $73 million; VanEck released a comprehensive ETF that bundles Bitcoin, stocks, bonds, and gold together; BlackRock's BTC ETF index data is also going on-chain. In the past, any one of these would have been enough to trigger a rally.
I checked the prices: OKX current price is 80,413, fluctuating between 79,505 and 80,835 in 24 hours; Binance at 80,384, lowest 79,468, down 0.24% in 24 hours, both sides match up. Funding rate is 0.01% at one tier, slightly positive; contract open interest is $2.57 billion, leverage hasn't changed—news is flying, but positions remain steady.
The Federal Reserve meeting is in these two days, and the decision hasn't been made yet. I understand big money is holding back for now. As for when these ETF buy orders will start moving the price, I'm watching closely but haven't seen it yet.
#本周将公布10月FOMC利率决议 #SK海力士Q3财报在即，HBM4能否提振盈利？
My judgment: Q3 will be a record-breaking good performance, most likely reaching or slightly exceeding the revised profit forecast of about 77 trillion KRW, but the main contributor is the price increase of general DRAM, not HBM4. HBM4 shipments fell short of expectations due to Nvidia Rubin's delay, and the real profit boost will come after Q4, with Samsung also competing for market share. The market will focus more on guidance rather than Q3 itself.550,000 $OKB directly deposited into the exchange, pushing the inventory up by 36% in one go.
The order book depth is usually thin, and big players are loading all their bullets now, clearly looking for someone to take the hit.
Moving chips so blatantly at a high level, whoever reaches out to catch them is just pure meat to absorb the loss.
Let's see when this batch will be dumped downward.
#OKB
$OKB
👇$TRUMP This trend is clearly a cash-out machine.
The price has dropped to around 1.6, and the project team still holds 80% of the chips, quietly moving goods to the exchange every day.
The market is completely suppressed by the moving averages, relying purely on a slow decline to bleed out. Coins with no popularity really have no bottom when they fall, no matter how high the election hype is, it can't withstand the source continuously dumping downward.
This is basically the worst political meme, with absolutely no support.
#TRUMP
$TRUMP
👇#谷歌云业务增长82%，AI投入回报如何？
Google's after-hours earnings are out, how much real money did options traders bet this time?
Brothers, Google will release Q3 after the market closes on the 28th, current price 316.8, ranking last among the Mag7 this year, only up 2%. But the options market has already voted with its feet.
Will it beat expectations? Revenue is very likely fine. The market expects 127.8 billion, a 25% year-over-year increase, with cloud business growth aiming for over 90%.
But remember the lesson from Q2: even if earnings beat, the stock still dropped 7% because capital expenditures exploded, and free cash flow turned negative for the first time since listing. This time, the focus isn't on revenue but on whether the capex guidance will be raised again and how big the cash flow hole is.
How are options positioned?
Mostly bullish, but with insurance. The weekly Call/Put ratio reached 2.6 to 1, the Put/Call open interest ratio is 0.72, Calls clearly dominate. But don't get carried away—the 25-delta skew surged to 13, put premiums are rising, indicating bulls are buying upside while also paying for downside protection. Implied volatility prices about a 6% single-day swing, in a range from 303 to 338.
My view: options money is betting that "cloud can hold, search won't collapse." But the real risk is in the call—Pichai has already said computing power will be handed over to DeepMind, capping cloud's ceiling from insiders. The direction is bullish, but don't chase the highs. DOGE is now at 0.0773, the price hasn't moved much, but the community is getting noisy.
Dogecoin Labs announced taking over the official DOGE developer account, and the core veteran developer Mishaboar openly opposed it. My first reaction was that they were trying to pull a shell game again, but after reading his original words, he’s worried that these people might use the official account’s name to push their own commercial projects, slowly turning Dogecoin into their tool.
This reminds me of countless times before, where the old community members dislike the new operators, and it ends up either forking or falling apart. Dogecoin still doesn’t have a decent roadmap and relies solely on a single tweet from Musk. At this 0.077 price, how much is true consensus and how much is inertia, I can’t say. Anyway, for coins with this kind of internal conflict, I always keep my distance first and wait until they finish arguing.
#本周将公布10月FOMC利率决议 #Meta启动350亿美元融资，支持AI基建 Trump claimed that "consumer confidence rose by 7.5%, which is a very large increase." This statement has data backing but contains a key misrepresentation.
The data comes from the U.S. Conference Board's October 2026 report: the Consumer Confidence Index rose from 84.2 in September to 91.7, an increase of 7.5 points month-over-month, not "7.5%".
Due to the very low base, this rebound exceeded market expectations, but the absolute value of 91.7 remains at a historically weak level. The Conference Board clearly pointed out that confidence is still in a long-term downward trend, mainly dragged down by high prices and persistent inflation. $BTC #SKhynixQ3HBM4Earnings
Earlier, many said that mass production of HBM4 was a signal that all positive news was already priced in, but in the second quarter SK Hynix only began small shipments, and the quarterly profit exceeded 60 trillion Korean won with a margin of 76%. This does not look like the end of the positive trend at all; on the contrary, it is just the beginning of a new profitability cycle. Now, in the third quarter, HBM4 capacity is officially increasing, and contract prices for regular DRAM continue to rise.#Robinhood trading business growth sustainability? Recently, the trading business has seen high growth, with options, stocks, and prediction event contracts becoming the core increments. Active retail traders continue to flood in, the number of paid members Robinhood Gold steadily rises, and ARPU increases simultaneously. The company continuously enriches its product line, adding short selling, futures, and other varieties. Coupled with the Bitstamp acquisition to improve the crypto track layout, overseas expansion opens up incremental space, and AI investment research tools further enhance user activity, laying the foundation for sustained business growth.
However, multiple risks constrain long-term growth. First, performance is highly dependent on market conditions. If the US stock market enters a volatile downward phase, retail trading enthusiasm can quickly cool, and trading volume will shrink accordingly. Second, industry competition is fierce, with many zero-commission brokers competing for retail customers, causing customer acquisition costs to continue rising. At the same time, there is uncertainty in US financial and crypto regulation, and policy adjustments may restrict some specialized trading businesses. The crypto sector's revenue is highly volatile, which can easily drag down overall trading revenue.
Overall, in the short term, relying on product innovation and an active market environment provides continued growth momentum, but it is difficult to maintain high growth rates in the medium to long term. It is necessary to continuously monitor market trading activity, regulatory developments, and user retention, and to manage positions carefully when trading related assets. $BTC $ETH $SOL Tonight someone threw me a number, saying that Binance's XRP withdrawals account for 55.75%, and asked me what I think.
I have no way to verify this number; on-chain data providers have very different figures, so let's put a question mark on it for now. But the direction isn't baseless—on October 28, the Federal Reserve will announce its interest rate decision. At this critical moment, some people moving coins out of exchanges makes logical sense, probably just fearing unexpected policy moves before the decision.
Price-wise, XRP is currently at 1.304, with a low of 1.273 and a high of 1.311 tonight, grinding within this 0.015 range. Before the rate decision lands, I guess it will likely keep oscillating like this, so don't expect it to give a clear direction.
Let's wait for tomorrow's data to verify the withdrawal situation. In short, unusual movements before the rate decision—better to think twice than to ignore them.
#本周将公布10月FOMC利率决议 Combine the overall data for a simple judgment:
1. Bitcoin ETF inflows last week were 300 million, but 1 billion came in during the first three days and 770 million ran out in the last two days, indicating funds are moving back and forth between 80k-85k with no clear direction.
2. MicroStrategy didn’t buy last week, only repurchased 200 million in preferred shares, with a profit margin of only 6% from cost to current price. They are currently waiting for a clearer time or a more suitable price. Strive spent 511.4 million USD to buy 6,182 BTC at an average price of about 82,700, bringing total holdings to 43,000 BTC. The relay is coming, with another 1 billion USD planned on the way.
3. Long-term holders on-chain hold 870,000 BTC around 80k; no one moved when it dropped below 80k, indicating short-term holders are the main force doing high sell and low buy.
4. The Federal Reserve meeting is early Thursday morning; the probability of no action is 94%. It is highly likely there will be no rate hike, but we still need to watch Wednesday night’s core PCE inflation and GDP.
Bitcoin tested below 80k twice over the weekend but quickly pulled back. Currently, the bulls seem to be defending rather than pushing up directly, all waiting for this week’s speech by Waller. Personally, I think the expectations for no rate hike in October and a hike in December by the Fed are already quite priced in, so there isn’t much downside risk here. The key focus remains on when oil prices will drop; only when oil prices fall will Bitcoin have real bullish momentum to rise. Expect volatility in the first half of the week and a rebound in the second half, but the height may be limited.
Reposted from "Madman Talks Trends"On October 26, the US BTC spot ETFs recorded a net inflow of approximately $110.3 million, with funds turning positive again, bringing some relief to the market after continuous outflows.
However, I want to clarify a common misunderstanding: ETF trading on the exchange does not mean the fund simultaneously receives the same amount of new capital.
When investors buy ETF shares on the secondary market, they may simply be acquiring them from another holder. Only when fund share subscriptions or redemptions occur does it affect the capital flow we usually discuss. Therefore, a high trading volume cannot be directly translated as "this much institutional money has bought BTC."
This also explains why sometimes ETF trading is very active, but the coin price does not respond as expected. Trading activity and new buying demand need to be observed separately.
Of course, I hope to see net inflows continue to improve. But rather than being kept awake by a huge trading volume, it’s better to align actual capital flow with price performance.
If new funds keep coming in and pullbacks are gradually absorbed, then there is more basis for judgment. This current inflow is worth noting but not enough to guarantee anything in the coming days.
BTC already causes enough emotional ups and downs; there’s no need to misinterpret "someone changing hands" as "new money rushing in," adding an extra layer of expectation.
#BTC现货ETF资金反复，市场买盘能否企稳？ 📢 Hynix earnings report tomorrow morning! 3 storage targets with huge logical differences
$SNDK 1240 💾
SanDisk mainly focuses on NAND flash, not the HBM track. AI servers drive demand for large-capacity flash and enterprise SSDs.
Note the differences in sub-sectors: even if Hynix's HBM4 data exceeds expectations, the storage sector sentiment will only push it up with weak elasticity; if it falls short of expectations, it will adjust downward accordingly.
$xMU 896 🧠
Micron's core business is DRAM, with HBM as a new business, and prices tied to the storage spot cycle.
Focus on Hynix's Q3 HBM4 shipments and customer orders. As an industry benchmark: if Hynix's data exceeds expectations, it indicates strong HBM demand and Micron benefits simultaneously; if below expectations, the entire HBM sector sentiment cools down.
$SLX 0.0524 🏭
Long-term wafer fab usage rights are on-chain, with quarterly rent collection and locked rental contracts, unaffected by chip spot price fluctuations.
It is an RWA rental asset; Hynix's earnings report will not directly affect SLX's cash flow. It earns stable rent and does not rely on HBM order market conditions.
#SK海力士Q3财报在即，HBM4能否提振盈利？ First, let's review the previous round of settlement orders: the last round had a perfect 3-for-3 hit rate. BNB long from 737.80 to 751.70 (+1.88%), take profit at 745.62 was triggered; TRX long from 0.32754 to 0.32827 (+0.22%), take profit at 0.32879 was not triggered; ZEC long from 1,247.15 to 1,290.27 (+3.46%), take profit at 1,283.28 was triggered. All three trades were realized with a 100% hit rate, and I took a heavier position on the ZEC trade than usual. How these three trades came about was clearly explained in the last round; the rule is simple: I only report the results. Now, what's the current market status? The price has dropped below 80,000, hovering around 79,700 all day, a 9.3% retracement from the high of 87,392 on September 21. On the 22nd and 23rd, U.S.-listed products saw a net outflow of 773.5 million USD, and only on the 26th did one product bring back 110.3 million USD — more money ran out than came back. The counterintuitive part is this: open interest did not fall with the price; instead, on the 25th, it rose to 669,253 contracts. Price is falling, leverage is not decreasing, which means only one thing — the group that should have admitted defeat has not been cleared out yet, and unrealized losses are still on the books. The fear and greed index dropped from 51 last week to 43, bullish sentiment is retreating but not sharply enough. For a real clearance, the indicator needs to show a bloodbath first. The real trigger was the meeting on the 28th.$ETH current price is 2,346.13, bearish bias, this rebound will most likely retest 2,296.3. 24-hour short positions were liquidated for 18.06 million USD, while long positions only 4.8 million. The rise from the low point mainly relied on shorts being forced to cover; no new funds are actively adding longs. Covering happens only once; after shorts are cleared, this buying momentum stops. Options are even more direct. The put/call volume ratio surged to 2.01, while open interest ratio is only 0.93, indicating new entries today are clearly crowded on the bearish side. DVOL at 53 is not expensive; people are still willing to pay for downside protection. The chart shows lower highs continuously, moving averages are in a bearish alignment, price hugging previous lows, consistent with this bearish view. The batch of shorts just cleared was originally fuel for a short squeeze during the downtrend; now that it's gone, resistance is lower when price falls back to previous lows. Bullish reversal condition: hold above 2,355.42, indicating new buying after covering; otherwise, this view is invalid.Hot Coin Data Rankings｜Last 15 Minutes
$APR surged with increased volume and positions. Trading volume reached 3.312 million USDT, 4.4 times the 15-minute average volume calculated from the previous hour; price +13.05%, positions +0.82%. Price and positions both trending bullish; during pullbacks, first check if positions remain.
$ETH surged with increased volume but decreased positions. Trading volume was 296 million USDT, 4.2 times the 15-minute average volume from the previous hour; price +0.69%, positions -1.16%. Price increase driven by position closures without new leverage support, limiting sustainability.
$BTC surged with increased volume but reduced positions, with buying and selling nearly balanced at the end. Trading volume was 201 million USDT, 3.0 times the 15-minute average volume from the previous hour; positions -1.18%. At the end, active buying was 56.8%, with price +0.17% during that segment. The overall structure differs from the final segment, suggesting a possible shift in market control.At 8 a.m. Beijing time tomorrow morning, SK Hynix will release its Q3 report and simultaneously announce additional shareholder returns. Korean brokers estimate operating profit to be around 77 trillion KRW, revenue about 98 trillion KRW, with a profit margin close to 80%. I estimate the operating profit will be roughly as expected, but the net profit will look very bad. In 2018, Hynix invested in Kioxia through Bain, and currently still holds convertible bonds issued by Bain. Converted, this is roughly a 14% stake in Kioxia, accounted for at Kioxia's stock price. In Q3, Kioxia's stock price dropped 39.5%, and the JPY to KRW exchange rate fell nearly 10%, so I roughly calculate a loss of 25 to 37 trillion KRW on this part. In Q2, it was the opposite, with investment income of 63.3 trillion KRW. Additionally, with the KRW appreciating, the USD assets held will incur a foreign exchange loss, so net profit may only be about 30 trillion KRW, compared to 93.9 trillion KRW in Q2. Therefore, Korean media will likely report a sharp drop in net profit tomorrow morning, but this has little to do with how well memory sales are doing. OKX Orbit has two figures for Hynix. The one exceeding expectations is based on the earnings per share shown on Seeking Alpha, which is $6.25. The rules state to settle according to the number displayed on the page, without recalculating. The problem lies on this page. SKHY is an ADS traded on Nasdaq, where 1 ADS corresponds to only 0.1 ordinary Korean shares. Last quarter, the Normalized column on the page was empty, and the GAAP column was 90.6BTC is about to rebound to a resistance level! Publicly placing BTC short orders! This drop broke below 79,000! Publicly giving the trade!
The logic behind this trade is very simple: to catch a weak pullback after a rebound.
From a technical perspective, the 81,488 level is right below the previous broken dense chip area, and it is also the resistance zone for this weak rebound. BTC is pulling up from the 80,000 mark, but the volume can't keep up, which is a typical low-volume bull trap. The area from 82,000 to 82,500 is full of trapped positions; the bulls don't have the strength to break through in one go. As long as the rebound stalls near 81,488 or forms a long upper shadow, it is an excellent position to short from the top.
Looking at the macro and news environment, the current overall situation does not support BTC running an independent rally. The Federal Reserve's FOMC meeting is ongoing, inflation pressure remains, and long-term US Treasury yields are stuck near 5%. With such high risk-free interest rates, funds are moving to safe havens. On the tech side, Meta's nearly 100 billion financing plan has drained liquidity, and the risks of AI giants burning money wildly are growing. Coupled with the volatile Middle East situation, oil prices have temporarily fallen but could rebound at any time. Overall risk appetite is extremely fragile.
My order placement method is very strict. I place a short order directly at 81,488, with a stop loss above 82,300. As long as volume increases and it stabilizes above 82,300, it means the short logic has failed, and I will admit defeat and exit without holding the position. #本周将公布10月FOMC利率决议 $BTC Jamie Dimon said Bitcoin could have an annualized return of 10% over the next decade. I read this news three times to make sure I wasn't mistaken about the person.
The one who has been criticizing Bitcoin for over ten years is now helping Morgan configure portfolios for clients. My first reaction wasn't excitement but calculation—if the money from his clients really enters the market, most likely he wouldn't want the whole world to catch the baton at a high point. In the same week, Morgan Stanley's ETF wallet only bought 80 BTC, worth over $60,000, with a historical total of just 6.45 million. Institutions are really buying, but they keep their heads down; their volume and position sizes are inversely related.
BTC is now just above 80,000, with a low of 79,300 last night. The bigger the official shouting long, the less they buy—I've paid my tuition to learn this rule. This time I won't follow the noise; I'll watch where the money moves.
#本周将公布10月FOMC利率决议 The Federal Reserve's decision will be announced at 2 a.m. Beijing time on Thursday, with the mainstream market expectation being no change!
The current federal funds rate range is 3.75%-4.00%, with a unanimous 25 basis point hike on September 16. Originally, the market priced a 65% probability of another rate hike in October by late September, but after Waller's speech on October 16, this expectation dropped directly below 15%.
So this time, don't focus on whether they raise rates or not; the key is to watch the wording and voting dissent! First, will the statement's description of inflation turn more hawkish; second, will there be any dissenting votes—there were already three votes for a rate hike in July; third, will the press conference leave the door open for December.
The real direction will be set at the December 8-9 meeting, which will include the dot plot!
Another key point: the decision comes just 6 days before the November 3 midterm elections, a sensitive timing when the Fed usually does not act lightly. $BTC $ETH $DOOD #SK海力士Q3财报在即，HBM4能否提振盈利？
My answer is yes
SK Hynix Q3 will exceed expectations: HBM4 is the next baton
SK Hynix Q3 results will be announced tomorrow. The market has lowered the operating profit forecast from 81.5 trillion KRW to 77 trillion KRW, citing caution over HBM4. This downgrade actually lowers the bar for exceeding expectations.
First, let's look at what has happened: Samsung's preliminary Q3 operating profit is 107.4 trillion KRW, up 782% year-on-year, with storage price increases as the main driver; DRAM contract prices rose 21%–22% quarter-on-quarter, and NAND prices are also rising. SK Hynix's Q2 operating profit margin was already 76%, so as long as shipments and prices are maintained in Q3, 77 trillion is not a high target. Meritz is more aggressive, projecting 80.1 trillion.
HBM4 is the next baton. The 12-layer HBM4 will be the main product in 2026, and the 8-layer version is for Nvidia Rubin Ultra, targeting mass production in Q2 2027. Nvidia recently lowered HBM4 bandwidth, which seems more about yield and multi-vendor ramp-up rather than demand disappearance. HBM4 has more layers and consumes more wafer per chip, so supply will only tighten.
My judgment: High probability of Q3 exceeding expectations, HBM4 will ramp up in 2026, and the 8-layer version will take over in 2027. For the first round of S2, I bet Yes.🔥Extreme divergence of strength and weakness! ZEC short squeeze buildup, VVV unlock tests authenticity✨
$ZEC $VVV
The BTC market fell below 80,000 with weak volatility📉, but mainstream strong altcoins have completely entered an independent divergent trend! The logic behind these two strong targets is completely different and must not be confused❗️
$ZEC is extremely resilient against the trend✅
Current price 1241, up 2% against the trend in 24H! The chip structure is a textbook short squeeze pattern🔥
Open interest continues to rise, retail long-short ratio only 0.85, severe short squeeze, open contracts exceed 41.1 million, the strongest buildup since September!
Core catalyst locked on November 5 NU7 upgrade💥
Block time compressed from 75 seconds to 25 seconds, greatly increasing certainty of benefits!
There is a heavy 4 million sell wall at 1270 above; before breaking the previous high, chasing longs has low cost-effectiveness, patience is needed to wait for the breakthrough catalyst!
$VVV unlock window tests real strength and weakness⚖️
A super monster coin this year (up 1431%), currently in a critical unlocking period!
Only stabilizing above 27.90 counts as a confirmed rebound; falling below the 22–23 range means weakness directly. This is currently a chip quality verification stage!
Summary highlights💡
ZEC (up 137% this year): short squeeze structure, waiting for benefit explosion
VVV (up 1431% this year): unlocking under pressure, strength and weakness to be determined, shakeout
The rhythms are completely different, position strategies must be treated separately, do not operate uniformly!
⚠️For review and communication only, not investment advice, strictly control positions!
#本周将公布10月FOMC利率决议