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Today's midday news overall presents a pattern of "improved regulatory expectations, but short-term capital pressure." BlackRock publicly supports the CLARITY Act, indicating increased recognition of the crypto regulatory framework by large institutions, but the U.S. Senate has postponed deliberation, meaning the policy benefits' implementation timeline is further delayed.
On the capital side, Bitwise has sold HYPE again, putting short-term price pressure on it; BlackRock has transferred a large amount of BTC and ETH to Coinbase Prime, and whether it will sell later remains to be seen. Meanwhile, trade.xyz's trading data hit a record high, reflecting continued growth in on-chain derivatives market activity.
Overall, the industry's long-term compliance direction remains unchanged, but the gold target price has been raised, Japan has entered an interest rate-dominated phase, and with the regulatory agenda delayed, short-term risk appetite may be suppressed. The crypto market should remain cautious of institutional capital fluctuations and high-level volatility in the short term and avoid blindly chasing price increases. Last night, US stocks had actually stabilized, and this morning the Korean market still opened higher. But today Korea was truly in a tough spot, dropping over 10% again during trading, dropping 20% in two days and touching the annual moving average. Since the high on June 19, it has already fallen more than 40%. After today's drop, the South Korean index wiped out the gains from the second quarter. The recent drop in the past two days definitely killed out many funds chasing highs in Q2. There was no decent rebound during the session, which is a characteristic of passive selling that continues to sell. A positive point is that the Korean market recovered a significant drop in the afternoon, rebounding 6 points intraday, indicating bottom-fishing funds have entered the market. Historically, many markets have experienced similar deleveraging volatility. Everyone is comparing this to the A-share market in June 2015, which basically stopped the first round of declines at the annual moving average. This time, the volatility in South Korea is even more intense than last time, but judging by the extent of the decline, it is already quite substantial. South Korean retail investors have been deeply hurt this time. Everyone feels the government should step in to rescue the market, but in reality, in recent days, apart from restricting leveraged ETF products, the government has taken no action. Today, South Korea's Minister of Finance apologized at the National Assembly for launching a single equity leveraged ETF without sufficient due diligence. This formal apology already signals a policy outcome, and let's see if any effective actions will emerge in the coming days. This round of volatility has certainly led to market adjustments in storage expectations, but short-term EPS should not pose major issues. Yesterday, SK Hynix disclosed its second-quarter results, with revenue of 79 trillion Korean won and operating profitBitcoin holds above $64,000 ahead of the Fed's G time Bitcoin rose by about 0.75% and continues to trade above $64,000 as the market awaits an interest rate decision from the Fed. Although oil prices have cooled, inflation of 4.1% still makes the possibility of the Fed maintaining a tough stance cannot be ruled out. In my opinion, the fact that BTC remains stable before an important macro event shows that demand is still present. However, the message from the Fed will be the deciding factor in whether Bitcoin has enough momentum to break out or will continue to fluctuate in[Building on the Edge of a Cliff: Debts Google and Meta Dare Not Disclose]
The valuation narrative for AI infrastructure by Google and major tech companies is relatively cautious, focusing not on whether data center construction continues, but on whether financing obligations, capital expenditures, and future cash returns can be fully recognized by the market. If debt is detached from the traditional financial statement perspective, the pricing of risk in valuations may be insufficient.
The material mentions that in August 2025, multiple companies with "Beignet" in their names were registered in Delaware, followed by Meta building a data center named Hyperion in Louisiana and borrowing $27.3 billion for the project. The core question raised by the article is that such financing arrangements may not be directly or intuitively visible on the companies' balance sheets.
For AI builders like Google and Meta, the market is usually willing to pay a premium for computing power expansion and long-term growth, but the premise is a clear path to return on investment. If data center financing relies more on complex entities or off-balance-sheet arrangements, it may reduce the visibility of reporting pressure in the short term but also increase investors' difficulty in assessing the true capital constraints.
Going forward, attention should be paid to whether companies disclose data center financing, lease commitments, and capital expenditure returns more transparently, and whether AI revenue growth can cover the funds needed for continued expansion. If returns lag behind investments, hidden financing risks are more likely to become a factor compressing valuations.
The above is only a personal opinion sharing and does not constitute any investment advice. The market changes rapidly, and trading profits and losses are at your own risk. [South Korea Plans to Draft a Crypto Bill Covering Stablecoins and CEX]
The regulatory narrative around South Korean stablecoins and centralized exchanges is somewhat positive, but policy benefits have yet to materialize, so it should be viewed with a gradual improvement expectation. A comprehensive bill that clearly defines the boundaries of issuance, circulation, and platform operations would help reduce participants' discounting of regulatory uncertainty in the long term.
The South Korean Financial Services Commission plans to draft a comprehensive bill covering stablecoin issuance and circulation, digital asset business rules, exchange admission, information disclosure, internal controls, and system resilience standards. Lawmakers are also considering abolishing the originally scheduled 22% crypto asset tax set for 2027.
The market may initially trade on expectations of tax relief and clearer regulations, but both remain in drafting or consideration stages and should not be taken as established facts prematurely. For stablecoins, clear rules can improve the predictability of compliant issuance and circulation; for CEXs, admission and internal control requirements also mean increased compliance costs and higher competitive barriers.
It is necessary to track the specific provisions of the bill, the advancement timeline, and whether tax arrangements truly enter formal legislative procedures. If regulatory requirements significantly increase without sufficient supporting space, some platforms and business models may face adjustment pressures first.
The above is solely a personal opinion sharing and does not constitute any investment advice. The market changes rapidly, and trading profits and losses are at your own risk. Tonight, the real tension is not Microsoft's shareholders. But Nvidia, SK Hynix, TSMC, Broadcom, and even the entire AI industry chain. Because the market no longer cares about how much Microsoft earned this quarter. Everyone is waiting for a number—whether to keep investing in AI next year. Over the past two years, Microsoft has been one of the world's largest AI buyers. Every additional capital expenditure means more GPUs, more HBMs, more servers, and more data center orders; Conversely, if Microsoft starts slowing down its investment pace, the entire AI industry chain will be repriced. Recently, even though Google, SK Hynix, and Corning have delivered good results, their stock prices have remained under pressure, all pointing to the same question: Can AI continue to burn money? So tonight's release is not just Microsoft's financial report. but rather the confidence of the entire AI industry chain for the coming year. Tonight, if Microsoft steps on the gas, AI may continue to sprint. If the brakes are hit, the entire AI industry chain will have to be revalued. 1. US Stock AI Track Token Contract (OKX X-Perps) AI Computing Power/Chip Hardware $NVDA NVIDIA | AI GPU Leader $AMD Chaowei | AI Accelerator Alternatives $MU Micron Technology | HBM Memory Chips $INTC Intel | Server Chips $MRVL Mywell | Network Chips $SKHYNIX SK Hynix | Seven Giants in Storage HBM AI Internet & Large Model Technology $META Meta | Open Source Large[Federal Reserve Decision and Microsoft Meta Earnings Incoming]
The short-term direction for Microsoft is currently unclear, so it is best to adopt a wait-and-see approach. The Federal Reserve decision and earnings report landing on the same day will make the market more focused on testing whether AI capital expenditure is truly growth investment or if it has started to erode return expectations. A single positive or negative factor could be amplified by macroeconomic narratives.
Information shows that the Federal Reserve decision will be announced during tonight's U.S. stock market session, while Microsoft's earnings report is scheduled after the market closes; meanwhile, short positions ahead of Microsoft's earnings have risen to nearly a ten-year high. A high short interest does not inherently mean the stock price will rise, but it indicates that market doubts about AI capital expenditure translating into revenue growth have accumulated significantly.
The key in trading is not the earnings numbers themselves, but the gap between market expectations and management's statements. If revenue, business demand, or future outlook can address the return on investment concerns, the crowded cautious expectations may ease; otherwise, even if capital expenditure continues to expand, it may be interpreted as a delay in the profit realization cycle.
It is important to pay close attention to the guidance after the earnings report, AI business-related statements, and the market's immediate reaction to the interest rate path. A high short interest environment will amplify volatility but cannot replace verification of fundamental performance.
The above is only a personal opinion sharing and does not constitute any investment advice. The market changes rapidly, and trading profits and losses are at your own risk. $SPCX
Advanced technology does not inherently guarantee a good business model
As I reviewed SpaceX's various business these past few days, I couldn't help but think of one sentence
SpaceX achieved rocket recovery in 2015 and successfully reused rockets in the following years. However, at this stage, advanced technology only allowed SpaceX to compete for a share of the "traditional space industry," with twenty or thirty launches per year, essentially a transfer of industry stock
Only after Musk decided to advance Starlink and find a new incremental market for the capacity revolution brought by rocket recycling and reuse did SpaceX's leading technology truly begin to explode, with annual launch volume, orbital launch quality, and tangible cash flow all growing explosively
Looking back at history, there are many such examples: the steam engine requires technology from industries like textiles, transportation, and forging to become the Industrial Revolution; the internal combustion engine also needs solutions from industries like automobiles. The internet lacks various forms of advertising, entertainment, or gaming, and may only be a military connection technology
Advanced technology is not inherently commercially implemented; in this regard, Musk is truly a top-tier genius[The wave of leveraged ETF liquidations in South Korea is nearing its end]
The short-term risk appetite for the South Korean stock market and leveraged ETFs is slightly positive, but it is not advisable to directly equate "the end of deleveraging" with confirmation of a new upward trend. If most of the previous forced liquidations have indeed been completed, the easing of marginal selling pressure will improve the market trading environment, but whether prices can strengthen still depends on subsequent incremental buying.
JPMorgan stated that since mid-June, the South Korean market has undergone intense deleveraging, with about 90% of related hedge fund operations completed, and the leveraged ETF fund size has dropped to $17 billion after the correction. Institutions also believe that current positions in the South Korean stock market are more attractive, with valuations low and earnings growth momentum strong.
The main expectation gap lies in the market possibly having priced in "leveraged funds will continue to be sold passively"; if this concern eases, valuation and earnings fundamentals will more easily resume their influence. However, the inflow into leveraged ETFs has only significantly slowed, which does not mean the market has gained sustained new capital support.
Going forward, it is important to observe whether the South Korean market can maintain trading volume and price resilience without forced position reductions, and whether leveraged product funds continue to stabilize. If rapid outflows reoccur, the judgment that deleveraging has ended may need to be revised.
The above is only a personal opinion sharing and does not constitute any investment advice. The market changes rapidly, and trading profits and losses are at your own risk. [Graphic Observation | Oil Price Transmission] At 21:46 Beijing time, WTI was $83.2660 (+6.32%), Brent was $86.8100 (+5.93%), with a price difference of about $3.54 per barrel.
Observation perspective: Here, we don't just look at oil price fluctuations, but also at their transmission to inflation expectations, dollar liquidity, and risk asset valuations. If oil prices rise but the US dollar strengthens in tandem, crypto assets may actually come under pressure.
Golden Ten Background: July 29, 2026 Golden Ten Futures Breakfast: The informal ceasefire has ended, Iran launched missiles at US military bases this morning, crude oil prices surge—reviewing daily market trends and grasping market trends. Good morning, listeners. Today is Wednesday, July 29, 2026. Welcome to "Futures Morning Rush Hour." Futures morning peak, the first of millions of futures elites...
Verification point: WTI holds above the 20-day moving average and the spread is stable, consolidating within a range; If the spread widens and falls back below the moving average, demand pressure will be priced in again.
Risk warning: If OPEC+ caliber, inventory, or geopolitical events exceed expectations, the above transmission observations may need to be reassessed. For market observation purposes only and does not constitute investment advice.🔥 CORE Daily | From $6 to $0.02—will this "Bitcoin sidechain" bounce back or go to zero?
Guys, CORE is trading at 0.0179 USDT today, with a market cap of only $22.31 million, ranking 764th on the CoinGecko leaderboard. From the all-time high of $6.14 in February 2023, the drawdown is 99.6%—yes, you read that right, -99.6%. Anyone who bought at the high end now has only a fraction left in their account.
But the more "fairy coins" they are, the easier it is to create stories.
🎯 Why am I staring at it now?
🔥 First, oversold to the extreme. The 14-day RSI dropped to 13.71, signaling a strong technical oversold condition. A 16.61% drop in 7 days, a 21.03% drop in 30 days, and a plunge of 81.85% in 180 days—the losses that needed to be cut have basically been cut off. With a thin order book down to $10,000, you can leverage 5% volatility.
🔥 Second, native Bitcoin staking has truly been implemented. In July 2026, the world's first BTC native staking will successfully run on Core Chain—not the custody scheme of WBTC, but BTC holders staking directly on the Bitcoin network to earn interest, without letting go of asset control. $150 million in self-custody BTC staking has already been deposited on-chain, which is a genuine narrative of the "Bitcoin smart layer."
🔥 Third, the economic model shifts from "burning" to "earning." At the end of June, the official company cut the original fee burns and replaced it with a new flywheel for ecosystem revenue buyback CORE—SatPay payment card fees, AMP asset management fees, and lstBTC minting fees, all of which are burned in the buyback pool. In July, SatPay launched its global public beta, with the institutional version launching in late July, and after the mainnet gas upgrade in August, buyback efforts further increased.
🔥 Fourth, AI × the hidden threads of privacy. Core Foundation has partnered with Z Protocol to build a privacy finance stack for AI agents. The AI proxy market is expected to exceed $100 billion by 2032, with over 20,000 on-chain proxies. CORE aims to be the "Bitcoin settlement layer" of the AI era.
📉 How to view the market?
Short-term support is at 0.015–0.018, with the first rebound target at 0.0227 (7-day moving average), with strong resistance at 0.0265–0.0269. If it doesn't rise above 0.019 on high volume, any rebound is just playing tricks; If it effectively breaks below 0.015, then aim for the historical low of 0.012.
⚠️ To put it bluntly: CORE's liquidity has dried up, with daily trading volume only around $2.8 million. Large amounts of capital flowing in and out are just exploiting leeks. Early private and team tokens are still unlocking at a steady pace, with selling pressure persisting for a long time. Binance has yet to go up, and before the main compliance channel is opened, don't expect a major rally.
💡 My judgment
CORE is now a typical high-risk reversal gamble—technical oversold + ecosystem narrative online + buyback mechanism activation, all three happening simultaneously, but any one link (TVL growth stagnates, SatPay adoption is weak, unlocking sales spiral out of control), the price is heading for zero.
It's not BTC, not ETH, and certainly not OKB. This is a bullet, not a bottom chamber. If you want to bet on a rebound, keep your position at 1%-2% of crypto assets. If the stop-loss level is 0.015, break below and exit—don't talk about faith.
In short: a 2-cent CORE is either the starting point for next-generation BTCFi or a new gravestone in the L1 graveyard—it's all scripted and depends on whether you dare to take the table.
CORE #CORE日报 #CoreDAO #BTCFi #比特币质押 #SatPay #代币回购销毁 #仙币反转 #L1公链 #AI代理隐私 #ZProtocol #超卖反弹 #加密星球 #OKX星球 #高风险标的 沙哑鹰声来袭！美联储今夜决议，到底敢不敢加息？
$BTC 北京时间周四凌晨 2:00，美联储 7 月利率决议重磅落地，2:30 沃什召开新闻发布会
$ETH 当下市场定价清晰：维持利率不变概率七成，加息概率三成，典型三七开博弈
很多人只盯着 “加不加息” 这个结果，却忽略本次最大风险 ——就算不加息，也可能走出偏紧鹰派行情
两种情景推演：
基准情景（70%）：维持利率不变，但发言偏鹰
不落地加息动作，但持续保留后续加息选项，淡化降息预期。市场短期先反弹，反弹就是高空机会，流动性收紧预期持续压制风险资产
黑天鹅情景（30%）：意外加息 25 基点
直接引爆避险抛压，大饼、姨太 等风险币种会迎来快速下杀，空头直接受益
若维持利率 + 强硬鹰派讲话 → 反弹高空为主，若意外加息 → 顺势追空
若维持利率且释放鸽派信号，才可以短暂博弈反弹
迷雾行情，管住仓位，凌晨见证鹰声真假#美联储即将公布利率决议 #银行业联名施压，CLARITY稳定币条款或再生变 #银行业联名施压，CLARITY稳定币条款或再生变 $CORE Many holders are full of doubts: the Bitcoin grid layout is advancing, native BTC staking is being implemented, overseas business negotiations continue, and ecosystem revenue buyback narratives are complete. The long-term logic of the sector is flawless, but the market has been fluctuating and bottoming out for a long time, with no sign of a major rally. Today, we will thoroughly sort out the core contradictions all at once. 🚨 Narrative does not equal market trends, and expectations do not equal incremental capital! CORE BTCFi's long-term story has not collapsed, but it is currently in a vacuum window for positive news to be realized, with the market continuously exchanging shares. Never rely solely on long-term narratives to hold out and wait for a breakthrough. To start a trend, multiple conditions must be met, and a single theme is hard to trigger a trend. I. Five Core Suppressive Factors 1. Sector Landscape: The BTCFi industry is still in its early stages, with low capital attention. The vast majority of native BTC holders tend to hoard coins without moving and have little willingness to participate in BTC staking in DeFi; The overall TVL scale of the BTCFi track is limited, with a huge gap compared to the Ethereum ecosystem. Currently, market funds are concentrated in AI and RWA hotspots, causing the BTC ecosystem to temporarily experience a capital slump; Multiple BTC Layers compete in parallel, with funds continuously diverted, making it difficult to concentrate incremental buying on CORE separately. 2. Macro external pressure (the biggest variable at this stage) The Federal Reserve's interest rate decision is pending, and overall market risk appetite is becoming more conservative. Currently, it is a stock game market with severe market fragmentation: funds cluster together with a few strong targets, while most counterfeits continue to be withdrawnZcash surprise today: a privacy pool worth $1.7 billion was directly shut down, causing a sharp drop in on-chain security levels. User data protection mechanisms are under pressure, and the market quickly interprets this as a possible prelude to a major adjustment in Zcash's anonymity architecture.
Many are starting to panic: is Zcash deliberately weakening its core privacy advantage? After all, the security pool is the fundamental infrastructure for anonymous transactions. Once the pool shrinks, mixing efficiency and anti-tracking capabilities will be compromised, and the privacy protection for existing users may directly decline.
The real highlight of this event is: what is the Zcash team really planning? If it’s just a compromise for compliance, it would be equivalent to self-sabotage, putting pressure on the coin price and ecosystem; but if it’s a technical preparation for the next generation privacy solution, such as upgrading to a more efficient zero-knowledge proof architecture, then this "pool closure" might be a necessary growing pain.
Currently, market sentiment is cautious, and increased short-term volatility for ZEC is highly likely. For the privacy sector, this news also reminds everyone that the choice of technology path and governance risks for privacy coins have always been a sword hanging overhead.
Do you judge this move by Zcash as a strategic transformation or self-sabotage? 1. Bitcoin ETFs: The continuous rise was cut off, and the recovery strength is pitifully weak
Let's first look at the hard data. On July 23 and 24, Bitcoin spot ETFs saw a combined outflow of over $465 million, ending the previous seven consecutive trading days of net inflows. Then on the 27th, there was another outflow of about $11.64 million, totaling $476.9 million over three days. By July 29, there had been four consecutive days of net outflows, with a single-day outflow of $49.75 million.
BlackRock's IBIT was the main bleeding point—contributing about $415 million outflow in just two days. Looking only at IBIT, it reduced holdings by 3,511 BTC last week, which is even more than the entire sector's net outflow of 3,170 BTC, indicating that small inflows from other products (such as FBTC, ARKB) are just a drop in the bucket.
More importantly, the recovery progress: as of mid-July, Bitcoin ETFs had cumulatively outflowed $8.2 billion, but only about 3.3% has been replenished so far. Although there were three consecutive weeks of net inflows (the first three weeks of July saw inflows of $197 million, $75.67 million, and $33.79 million respectively), the scale of inflows has halved week by week.
The decoupling between price and capital flow is noteworthy: despite continuous ETF outflows, BTC still rose about 4% last week, hovering around 63,900. This indicates that the spot market still has some support, but the supply pressure at the ETF level remains a persistent concern.
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2. Ethereum ETFs: Beneficiaries of capital rotation
Ethereum shows a completely different picture. As of the week ending July 24, Ethereum spot ETFs had a net inflow of $103.8 million, about three times that of Bitcoin ETFs ($33.9 million), outperforming for the second consecutive week.
The difference mainly comes from BlackRock—ETHA attracted $96.3 million in a single week, while IBIT from the same company saw a net outflow of $95.5 million. In the seven days ending July 28, ETH ETFs inflowed 37,959 ETH (about $71.17 million), while BTC ETFs outflowed 3,170 BTC (about $200 million) in the same period.
However, July was not all smooth sailing; on July 25, Ethereum ETFs had a single-day outflow of $70.62 million, ending five consecutive days of inflows. The cumulative inflow for July was about $337 million, still a net positive overall.
In terms of AUM, Bitcoin ETFs hold $76.2 billion, while Ethereum only $9.7 billion, a ratio exceeding 7:1—saying "ETH will replace BTC" is pure exaggeration, but the marginal preference of incremental funds is indeed tilting toward ETH.
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3. The macro environment is the real "master switch"
The core driver of this round of ETF outflows is not crypto itself, but macro factors. Before the July FOMC meeting, the market's expectation probability for a 25bp Fed rate hike was about 34%, with Castle Securities even betting on an "unexpected rate hike." Geopolitically, tensions between the US and Iran pushed oil prices back above $100, heating inflation expectations. The Nasdaq weakened, bond yields rose to 4.7%, and risk assets overall came under pressure.
In other words, institutions are systematically reducing risk exposure rather than specifically bearish on Bitcoin.
1. This is not a trend reversal but noise in a volatile recovery. The $8.2 billion outflow has only been replenished by 3.3%, so it is too early to say "stabilization."
2. IBIT is the barometer. It is the smoothest channel for institutional entry and exit; continuous outflows from IBIT mean institutions are not yet ready for a large-scale return.
3. The capital rotation between ETH/BTC is real, but the volume gap means it is more of a "marginal signal" than a "structural reversal."
4. The most critical variable is the Federal Reserve. The July 29 rate decision is the biggest short-term catalyst—if a rate hike occurs, ETF outflows may continue; if no change, it could trigger short-covering.
Key observation points (COINOTAG engine data): BTC's recent support is at $63,799 (SMA 50 + POC resonance), resistance at $67,370 (LVN + Fibonacci 0.382). Current RSI is 50.31, MACD is bearish-leaning, momentum is in a neutral to weak range. The Fear & Greed Index is 29, still in the "fear" zone. SKHX shorts are cleaning up on Hyperliquid as Hynix slides... Lookonchain has one whale up over $10m plus $1.23m in funding.
#FedRateDecision #BigTechEarningsNight #SKHynixRecordMiss
$BTC $ETH $SNDK Today's market was quite divided—$SNDK -6.5%. Semiconductors are bleeding like a river, $QQQ is also bearish, but $BTC $ETH managed to hold firm and push upward. Don't rush to call the cow, $IBIT has already become a traitor.
Look at the numbers
$BTC 64,206 +1.80% $ETH 1,904 +1.98%
$QQQ -0.97% $SPY +0.24% $IBIT -1.71%
$DXY +0.01% $GLD -1.40%
Talking about the situation: Hormuz is still causing trouble, and crude oil is stuck on inflation expectations; US Treasuries and the Fed continue to suppress valuations, and the exchange rate line is not a backdrop; $DXY a slight stiffening move can push risk assets back.
Now, let's talk about the market: $ETH is actually more elastic than $BTC, with some betting on a recovery in risk appetite; $QQQ Not enough, and money is still shrinking toward defense; $IBIT Weaker than spot prices, ETFs have softened, and this divergence looks rather weak; $DXY Holding firm without falling is the greatest unfriendly to risk assets; $GLD dropped more than a point, with risk aversion cooling down, but it didn't see money and quickly rushed back into the crypto world.
Don't chase highs; whoever shows weakness first at this position should set the direction and wait for a clear signal to beat.
#美联储即将公布利率决议Oil prices have surged again, and the market's real concern is not just the situation in the Middle East
Trump recently stated that the United States will respond militarily to Iran.
After the news broke, market risk aversion quickly surged, US stock futures weakened, international oil prices rebounded quickly, and Brent crude oil strengthened again.
I believe the market is so sensitive not because of a single speech alone, but because of concerns that escalating geopolitical conflicts could affect global energy supply.
In global markets, geopolitical risks are often not first reflected in the stock market, but in crude oil.
Once the market worries about crude oil supply being affected, oil prices will rise first, and rising oil prices in turn will refuel market concerns about inflation.
This is also why investors are quickly reassessing the Fed's future policy path.
If energy prices continue to rise, the pace of inflation easing may slow, and market expectations for easing policies could also be affected.
What does this mean for risk assets?
For risk assets like Bitcoin and US stocks, the biggest short-term impact is not the event itself, but a change in market risk appetite.
When local market risks rise, capital is usually more cautious, and market volatility tends to amplify.
Additionally, this week coincides with the Federal Reserve's rate decision, and the market faces both geopolitical and monetary policy uncertainties, so short-term volatility is likely to remain high.
However, it is also necessary to remain calm.
Tough statements from politicians do not necessarily mean the situation will escalate further; the market will ultimately reprice based on subsequent actions.
In recent days, instead of focusing on every breaking news item, it's better to pay close attention to a few signals:
• Whether oil prices will continue to rise or fall rapidly;
• Whether safe-haven assets such as gold and the US dollar continue to receive capital inflows;
• Whether Bitcoin's ability to absorb risk events has improved;
• Whether the Federal Reserve will send new policy signals.
What truly determines the trend is not the headline of the news, but where the funds ultimately flow.
News affects sentiment, oil prices influence inflation expectations, and capital determines market trends. When macro risks and monetary policy disrupt the market, controlling positions and monitoring capital flows is more important than guessing every piece of news. $BTC #美联储即将公布利率决议 $ETH at $1910, the Federal Reserve's verdict tonight!
First, look at the surface: the rebound is in place, waiting for direction.
From the low of 1500-1600 at the end of June, it has surged to 1980, a 25% rebound. Now it has pulled back to 1910, with the monthly chart still up 20%. The 24-hour volatility is extremely narrow, and trading volume has clearly shrunk. The 1850-1900 zone has been defended effectively multiple times, RSI is neutral at 50-60, and MACD is converging. Either there will be a volume breakout above 2000 to start the second wave, or a break below 1850 to retest 1750, with no middle ground.
First thing: tonight's FOMC could be the "judgment day" for ETH.
The market expects rates to remain unchanged, but the real risk lies in the wording.
There have been two dovish signals before, and the market was rescued each time. But if tonight's statement is hawkish—implying more rate hikes this year and no rush to cut rates—BTC will crash first as a warning, and ETH, as a high-beta altcoin, will fall even harder.
Conversely, if the statement is dovish, acknowledging economic slowdown and hinting at an easing path—
ETH will be the most elastic spring.
Second thing: ETFs are bottom-fishing, staking is locked, but retail investors are panicking.
Spot ETH ETFs have had net inflows for several consecutive weeks, sometimes even outperforming BTC ETFs. Institutions like BitMine are increasing holdings and staking ETH. The staking rate has reached 32-33%—nearly one-third of the supply is locked. The exit queue is very short; no one wants to sell.
Even more importantly: large-scale staking migration and optimization by Lido and others is underway, and institutional-grade staking yield products are being launched. Some ETF products have started supporting staking yields—this means ETH now has the attribute of a "yield-bearing asset."
Third thing: technically, ETH has reached a point where it must take a stance.
The 1900 level is exactly the dividing line between bulls and bears.
If it holds 1850-1900 → forms a double bottom/rising wedge → after breaking 2000, target 2180.
If it fails to hold 1850 → retest 1800-1840 → even 1750.
Volume continues to shrink, the calm before the storm.
Key levels:
Resistance above: 1950-1970 → 2000 → 2100-2200
Support below: 1850-1900 → 1800-1840 → 1750
Fed dovish scenario:
Buy on pullback to 1900-1920, stop loss below 1850, target 2000-2100. Add positions on a volume breakout above 2000 aiming for 2180.
Fed hawkish scenario:
Wait for a dip to 1800-1850 to stabilize before buying; don’t bottom-fish halfway up the mountain. If it breaks below 1800, wait and watch for deeper support near 1750.
Mid-term holders:
As long as ETH does not break 1850, the holding logic remains unchanged. After breaking 2000, look for 2100-2200. If it breaks 1800, reduce positions to defend.$BTC $SKHYNIX Big Shot on 2x Leverage All-in on SK Hynix, Around 30 Yuan, Many Traders Say It's Bottomed—Is It Really Worth Buying?
Let's start with the facts:
But Bin didn't go all-in on 2x leverage for SK Hynix stocks; he went double long on the Hong Kong stock market with the price dropping to around 30 HKD, declaring, "If there's a big drop, you must dare to buy and use up the remaining bullets." After the news spread, a large number of short-term traders collectively turned bullish, and the market began discussing whether this was the short-term bottom.
⚠️ Two misconceptions must be clearly distinguished:
1. Big Shot Bottom-Fishing ≠ The Market Bottoms Out Immediately
He is doing long-term contrarian positioning, which can withstand a further 20%-30% pullback and bottoming out.
The risks of leveraged ETFs are completely different. If a double-leveraged product continues to plunge, it will suffer net asset value loss, and even if the stock price rebounds later, it may not be possible to recoup the investment.
2. A group of traders collectively bullish is a signal of emotional games, not a reversal signal
After a consecutive 60% plunge, oversold prices have led to strong expectations of a rebound, making it an extreme bull-bear contest in the short term.
The negative news has not been fully cleared yet:
High U.S. Treasury yields suppress valuations of long-term stocks, expectations for storage cycles are shaking, long-term pressure on domestic substitution, and Korean retail investors have not fully cleared out leveraged positions.
Two possibilities
✅ Optimistic scenario: short-term oversold rebound
Panic selling pressure was temporarily released, and bottom-fishing triggered a recovery rebound, which was a rebound during a decline with limited height.
❌ Pessimistic scenario: Downward relay
It was only the first wave of valuation sell-offs that ended, and after consolidating the bottom, it was re-examining the bottom. The 30 yuan mark is not the final bottom.
Summary of points
This can only be defined as: a game window after an overselling, and it cannot be directly concluded that the bottom has arrived.
Just because others dare to gamble with double leverage doesn't mean ordinary people are suited to follow the trend and bet on the bottom.
The bottom requires multiple signals to stabilize with shrinking volume, negative news to be realized, and a trend reversal to be confirmed. Relying solely on industry leaders and traders' bullish views cannot support a full reversal.$CORE If the Fed raises rates in the early hours of July 30, it will be bearish for CORE overall; Moreover, under the same macro shock, CORE's decline is likely to be significantly greater than BTC's.
1. Market Prediction in Three Scenarios
Scenario 1: Rate hike as expected + Walsh's speech sends a hawkish signal (beware of maintaining high interest rates) [Greatest risk]
1. Macro logic: U.S. Treasury yields are rising, the dollar strengthens, market risk appetite is shrinking rapidly, and funds are fleeing high-risk knockoff assets.
2. CORE Market Performance:
- Rapid short-term decline, likely to hit new lows in the stage;
- BTC will be the first to come under pressure, followed by a collective crushing by other altcoins; CORE itself faces ongoing unlocked selling pressure, heavy trapped holdings, and a lack of incremental funds, making it difficult to break out of an independent rally;
- Project countermeasures: can only release new narratives for a short break, unable to counter macro panic; even minor rebounds trigger chip sell-offs.
3. Key Phenomenon: Positive narratives fail, staking users panic-exit in panic.
Scenario 2: Rate hike as expected, but the speech leans dovish (implying this is the last rate hike) [Neutral Volatility]
The classic market logic is: Buy rumor, Sell fact (Buy expectation, cash out and sell)
1. Short term: The moment news lands, there is a wave of decline to digest panic;
2. Medium to long-term: Funds begin to gamble on expectations of subsequent rate cuts, leading to BTC stabilizing and rebounding;
3. CORE Trend: Following BTC's passive recovery, the rebound strength will be much weaker than that of mainstream coins.
Major flaw: Even if the market recovers, CORE's internal pressure is continuously unlocked, exchange complaints risk persist, and narrative fulfillment challenges persist, making it difficult to reverse the rally. Most likely, it will be a weak rebound followed by another decline.
Scenario 3: Unexpectedly no rate hike (low probability) [Short-term Positive]
Large-cap risk assets are rebounding, with CORE following the pulse upward.
⚠️ However: the rebound is purely sentiment-driven and cannot change the internal fundamentals. After a brief rally, project teams will seize the rebound window to increase shipments, and after the rebound ends, the market will return to a bearish decline channel.
2. Why does CORE become weaker than BTC in a rate hike environment?
1. Asset stratification effect
When interest rates tighten liquidity, funds prioritize safe havens and only retain consensus assets like BTC; Funds will be withdrawn from narrative altcoins. The BTCFi track concept is a high-risk speculative theme, with funds prioritizing CORE sales.
2. Endogenous selling pressure amplifies macro negative factors
The decline of ordinary coins is a result of retail investors' long-short battles; The CORE stacking team continues to unlock zero-cost tokens. Once the market panics and falls, project teams won't actively support the market; if there is a rebound, they will sell off. If the price falls without support, it will accelerate the price downward.
3. No institutional long-term capital to support the situation
BTC has spot ETFs and large institutional funds; CORE relies on retail investors and community beliefs, lacks long-term holdings by large institutions, and lacks support during panic markets.
4. Multiple Potential Negative Factors (Current Unique Variables)
Currently, a large number of users have submitted market manipulation complaints to OKX, and the exchange's risk control continues to flag the risks. Macro panic combined with the coin's own negative expectations creates a double suppression.
3. Timing Rhythm Prediction (Market Practice)
1~2 days before the decision: funds anticipate the game in advance, causing increased volatility; If the market prices in rate hikes early, it will come under pressure ahead of time;
2. Within 2 hours of resolution announcement + Powell's press conference: highest volatility throughout the day, prone to insertion rally;
3. 3~7 days after the decision: Digest policy expectations and decide on the medium-term direction.
⚠️ Important Notice: Speculative cryptocurrency trading is considered an illegal financial activity in China. The following is only market logic analysis and does not constitute any buy, sell, or hold advice. #海力士业绩创纪录但不及预期, storage stocks experienced sharp fluctuations
$XSKHY SK Hynix reported a record high in its financial report, but its stock price plunged, even triggering a consecutive circuit breaker in Korean stocks in July. Some think it's the AI bubble that has burst, but I don't think so.
In my view, this round of decline is essentially profit-taking by funds + overly high market expectations, rather than a reversal in industry logic.
SK Hynix's Q2 operating profit surged 557%, setting a record but still falling short of market expectations. The capital market has never been judged by how good the performance is, but by whether it exceeds expectations. When everyone believes it will deliver a perfect score, even if it only scores 98, funds will choose to realize profits.
More importantly, SK Hynix's HBM business accounts for a higher proportion, and the biggest beneficiaries of this round of price increases are actually traditional DRAM and NAND price hikes. In other words, although the company is positioned in the core AI track, it has not fully benefited from the storage price increases, causing the market to worry whether future profit growth can continue to exceed expectations.
But the message released by the call was a completely different matter.
Management clearly stated that they have not seen a slowdown in AI investment; HBM4 has already been mass-produced and shipped, long-term supply agreements with major customers are generally locked in for five years, and profitability is expected to continue improving after HBM4 scales up in the second half of the year. Industry demands remain unchanged, orders remain unchanged, and technological leadership remains unchanged.
So, I think this is more like a valuation reversal rather than an industry peak.
In the past few months, the AI hardware sector has surged so fast, with SK Hynix, Nvidia, and the storage industry chain all accumulating large unrealized gains. Even a slight drop below expectations is enough to serve as a reason for institutions to concentrate profits, followed by further amplification of quantitative and leveraged funds, ultimately evolving into a series of circuit breakers in the Korean stock market.
Personally, I think in the short term, this is capital realizing profits; in the long run, the logic of AI storage hasn't changed. What will truly determine the next round of the market is not this financial report, but the pace of volume growth in HBM4 in the coming months, and whether tech giants like Microsoft, Meta, and Amazon will continue to expand their AI capital expenditures. As long as capital expenditure doesn't turn around, I still believe the AI industry chain is just experiencing high volatility, not a major bear market.The sharp declines of Samsung and SK Hynix are not due to fundamental deterioration, but rather driven by investor sentiment under high leverage
Samsung Electronics and SK Hynix hold over 50% weights in the KOSPI index.
When both stocks fall simultaneously, investors have almost nowhere to escape.
After South Korea's total credit financing balance hit a historic high of 38.6 trillion won on June 24, it quickly retreated amid the sharp liquidation wave triggered by the tech stock crash.
High leverage + forced liquidations + investor sentiment have driven this accelerated decline, not fundamental deterioration.
#海力士业绩创纪录但不及预期, storage stocks experienced sharp fluctuations The screen was still lit, but the BTC 15-minute moving average suddenly twitched, as if someone had gently poked it in the waist. Do you know what the market is quietly doing now? I just finished cutting the cumulative trading volume deltas of several mainstream exchanges and discovered a rather interesting gap. Buy orders from Binance and OKX are still piling up, like two walls, but sell orders on Coinbase suddenly become heavier. For the first time, there has been such a clear divergence in the flow of funds among the three major exchanges. This is actually more worth watching than simple price fluctuations. Because who is buying and who is selling determines the path of the sector's strength and weakness going forward. - From a sector strength perspective, Binance and OKX have clearly shifted their preference toward certain altcoins, while Coinbase's net selling is mainly concentrated in BTC and ETH spot trading. - This means that short-term sentiment dominance is in the hands of Asian sessions and Asian exchanges, who prefer to chase high-β narrative coins. - But Coinbase's selling pressure is an invisible risk: it represents domestic U.S. capital reducing positions, possibly as an early hedge against macro or regulatory conditions. So right now, the market is actually trading a subtle rhythm gap: Asian buying is holding up sentiment, but US selling is quietly draining liquidity. If this gap continues to widen, altcoins will first follow Binance in a surge, then be pulled back by Coinbase's selling pressure. Bullish outlook: If BTC can hold above Binance's dense buy order zone, the altcoin rotation will continue, especially those currently activeNvidia has recently revealed that it has partnered with SK Group for AI cooperation exceeding $500 billion, and plans to provide OpenAI with a $250 billion guarantee.
The market is concerned about the "revolving cash flow" model for AI capital expenditure—where revenue growth heavily depends on downstream clients' financing capabilities. If the financing environment changes, the entire AI spending chain will face contraction
#美联储即将公布利率决议 Let's do some psychological comfort for everyone.
I have extracted the historical forward P/E ratio curves of the Nasdaq 100 QQQ and the Philadelphia Semiconductor Index SOXX over the past 10 years.
Currently, the QQQ Forward PE is 22x, while its average over the past 10 years is 26x, which means it is now in a relatively undervalued range. Looking at this AI bull market, the current valuation is only second to the tariff war in April last year and the US-Iran war in March this year.
Currently, the SOXX Forward PE is 21.4x, and its average over the past 10 years is around 22x, which is relatively neutral. But if we look at the average valuation level of this AI bull market, it has also reached a relatively undervalued range.
There are two conclusions:
1️⃣ This is not the time to cut losses, especially for stocks with fundamentals validated by earnings reports.
2️⃣ If you have cash bullets, you should continue to buy. The 2022 bear market low was an extreme position, when the Nasdaq Forward PE was 20x. A few key events today to understand the market logic
1. The Federal Reserve's interest rate decision tonight, the whole market is watching
The market predicts a 20% chance of a rate hike. Funds are reluctant to take large positions betting on direction, so today's price fluctuations are small. Everyone is waiting for the news to come out tonight before making moves. If a rate hike happens, short-term pressure is very likely; if rates remain unchanged, the market will likely surge.
2. US regulatory bills have no chance in the short term, easing bearish sentiment
The previously anticipated CLARITY crypto regulatory bill has been postponed by the Senate vote and is unlikely to pass before recess. No strict new regulations will be implemented in the short term, market panic has eased, and no large sell-offs have occurred.
3. Institutional moves are polarized
Morgan Stanley launched new Ethereum and SOL spot ETFs with staking yields, traditional banks continue to expand in the Ethereum sector; listed company Strive added 80 BTC, accumulating over 3,200 BTC since May, showing long-term funds are steadily accumulating Bitcoin.
Additionally, the inflow of stablecoin USDC to exchanges turned positive for the first time in two months, indicating more US retail and institutional funds are entering to buy the dip.
4. On-chain and industry highlights
① Zcash completed a major mainnet upgrade, enhancing the security of $1.7 billion in privacy assets;
② Well-known exchange Hyperliquid will unlock 3.3 million tokens tomorrow, posing short-term selling pressure risk; holders should be cautious;
③ Ethereum validator exit queue continues to clear, reducing on-chain selling pressure and supporting ETH price.
5. Reference from external stock markets
South Korea's storage giants Samsung and Hynix have plunged consecutively, triggering a circuit breaker in the Korean stock market. The core reason is the listing of ChangXin Memory breaking the overseas storage monopoly; however, the crypto market was not dragged down, with funds flowing into crypto assets for hedging.
Personal suggestions:
1. Avoid heavy short-term bets on the Fed decision; volatility will be high when the news comes out tonight. Reduce leverage to avoid liquidation spikes;
2. Funds are clearly tilting towards Ethereum. Under similar market conditions, ETH has higher elasticity than BTC, but the 2000 level is a key resistance. Failure to break through will lead to a pullback and consolidation;
3. Small-cap altcoins are very risky now. Funds only cluster around the leaders. Do not casually buy unknown small coins on dips;
4. From a long-term perspective, institutional ETFs continue to expand in the crypto sector. Regulation is only delayed, not canceled. The overall trend is intact. Buying top coins on big dips is more reliable than chasing rallies
$ETH 🚨 Crypto Market Update – Today (July 29, 2026)
📌 All eyes are on the U.S. Federal Reserve (FOMC). Bitcoin and the broader crypto market are trading cautiously ahead of the interest rate decision. This is expected to be today's biggest market-moving event.2022年，大家都期待10-12K水平，现在又卡在$40k水平上了🤔
让我们以2022年的例子继续说；人们在16K时有买入机会，但他们仍然想要低15-20%，因此没能从$16k水平买入，而是在$30k附近2倍上涨后才买入。
朋友们，别忘了，没人能精准抓住底部或顶部，但我们可以从接近的水平赚取惊人的利润。你的目标永远不该是抓住最底或最顶，这会是个巨大的错误。
$BTC 和 $ETH，我在等底部吗？是的，但这些地方是分批买入的好点吗？我认为也是。想等的可以继续等更底，但我会在这些区域买我喜欢的币，然后交易和hodl！
另外，冷静点，别用你需要的那笔钱进这个市场，不然你会后悔的！Apple officially surpassed Nvidia, reclaiming the top spot as the world's most valuable company. This change of the "stock king" occurred at the close of trading on July 27 (Monday) Eastern Time.
📊 Key data: Apple ≈ 4.95 trillion vs Nvidia ≈ 4.76 trillion
· Apple (AAPL): Stock price rose 1.17% to a record high of $336.91, with market value surpassing $4.95 trillion. On July 28 (Tuesday), it even briefly hit the $5 trillion milestone intraday for the first time.
· Nvidia (NVDA): Stock price plunged 4.99%, with market value falling back to $4.76 trillion.
· Gap: The market value difference between the two is about $190 billion.
🔄 Key background: This is Apple's first return to the global number one market value since April 2025. On July 17, Apple briefly overtook Nvidia but then yielded the position again. This is the second time this month and the first time confirmed at the close.
🧠 Deep logic: The AI narrative is being "repriced"
The core of this reversal is the market's reassessment of "how AI makes money":
· Nvidia's "selling shovels" logic loosens: The market is beginning to worry that the huge capital expenditures on AI infrastructure may not generate matching returns. Reports say Nvidia is discussing providing $250 billion in financing support to OpenAI, which has reignited concerns about "circular financing." Nvidia has only risen 4% year-to-date, while Apple has surged 24%.
· Apple's "light AI" strategy becomes an advantage: Apple has been restrained in AI capital spending, preferring to "rent computing power" rather than build infrastructure itself. This "asset-light" strategy has turned into an advantage. Its capital expenditures have declined for three consecutive quarters, and it has successfully passed storage chip costs onto consumers through brand premium and ecosystem stickiness. $BTC $ETH #苹果公司市值重回全球首位，超越英伟达 Market leverage hits record highs, but the favorite stock among U.S. retail investors has fallen 13%
Among the baskets favored by U.S. retail investors tracked by Goldman Sachs, they have fallen about 13% so far this month. If this decline continues at the end of the month, it will mark the worst single-month performance since 2022.
But just in the first two months, these stocks rose about 17% and 16% respectively, with a cumulative gain of nearly 36% over two months. In just one month, the favorite stocks among American retail investors have shifted from being among the strongest directions in the market to the biggest losers.
These stocks are mainly concentrated in artificial intelligence, semiconductors, memory chips, cybersecurity, and other highly volatile technology stocks. Representative stocks mentioned in public reports include AMD, Micron, and CrowdStrike, while broader retail favorites also include Nvidia, Tesla, Palantir, and IonQ.
The common traits of these stocks are clear: they all had high gains, high valuations, and high volatility, which fueled FOMO among retail investors.
In the previous article, I mentioned that U.S. margin financing and securities lending debt has reached a record $1.53 trillion, and brokerage account net credit balances have dropped to negative $1.061 trillion. This indicates that when popular retail stocks start to fall, margin positions and leverage in the market did not decrease simultaneously; instead, they remain at historical highs.
During the uptrend, the higher the stock price, the higher the account net value, the more money investors can borrow, and new financing will continue to buy stocks with the best performance from earlier periods. But when the market weakens, this logic reverses: stock declines lower account net value, margin pressure rises, and investors can only add cash or reduce positions.
To put it plainly, in the past two months, whatever retail investors leveraged to chase after it rose even faster. Now that the market has started to pull back, the stocks with the highest concentration of retail investor holdings and the biggest gains earlier have become the first to show double-digit declines.
The faster the price rises earlier, the more crowded the position, and the higher the margin financing ratio, the more stocks you need to sell after a decline.$OKSOL
$OKSOL is pulling back toward a key support area. A confirmed bounce could open the next recovery move.
EP: $72.80–$73.60
TP: $75.50 / $77.80
SL: $71.20Apple has reclaimed the top spot in global market capitalization, and the market has begun recalculating AI valuations.
As of July 29, the CompaniesMarketCap page shows Apple's market value is about $4.994 trillion, Nvidia's about $4.771 trillion, and Microsoft's $2.921 trillion. Apple surpassed Nvidia at the close on July 27, and subsequently reached $5 trillion during trading.
This lead is not just a flash in the rankings caused by a split transaction, but a normal intraday fluctuation between the two companies could still cause the rankings to swap again.
Nvidia's fundamentals did not suddenly weaken. Its revenue for the first quarter of fiscal year 2027 was $81.6 billion, up 85% year-on-year; Data center revenue was $75.2 billion, up 92%. In terms of growth rate alone, Nvidia still far outpaces Apple.
The market is recalculating another set of data: how much AI capital expenditure will depend on this growth, how long profit margins can last, and how much of the current stock price expectations are priced in in advance.
Apple's answer is closer to mature cash flow. Revenue for the second quarter of fiscal year 2026 was $111.2 billion, up 17% year-over-year, earnings per share grew 22%, and operating cash flow exceeded $28 billion; Service revenue hit a new high, and the board also authorized an additional $100 billion stock buyback.
By the end of 2025, Apple's active device installations have exceeded 2.5 billion. This means it can distribute AI functions across hardware, systems, subscriptions, and services, without needing to rely on a single model to prove its commercial value.
Changes in equity also reveal the differences between the two models. SEC data shows that Apple's shares held outside will decrease from about 15.02 billion shares in January 2025 to about 14.69 billion in April 2026. Buybacks do not automatically create market capitalization, but they increase the weight of cash flow and earnings per share. Nvidia's valuation is more directly betting on continued global AI infrastructure investment.
However, Apple's stock price is already close to a 52-week high, and the July 30 earnings report is about to be delivered. iPhone and service growth, profit margins, and AI progress on devices will all determine whether current valuations can hold steady. On NVIDIA's side, cloud vendor capital expenditure, data center growth rate, and gross margin remain the main variables for overtaking.
Apple's reclaim of first place shows that the market has temporarily given higher weight to distribution ability, cash flow, and capital returns. Nvidia's next overtaking will still rely on AI investment to continue realizing sustainable profits.
#苹果公司市值重回全球首位, surpassing Nvidia $SNDK $SPCX Today I saw many posts about liquidations in SanDisk and Rocket. Contract liquidations aren't scary; what's scary is not knowing why they happen. You must manage your positions well and understand why the crash happens! The full reason for the decline of SNDK and SPCX (both are tokenized US RWAs on Solana chains, not native air coins, anchored to real stocks)
1. The logic behind the sharp drop in $SNDK (SanDisk token).
1. Valuation bubbles + profit-taking concentrated exit
During the previous storage AI rally, the stock surged more than tenfold, with the price-to-earnings ratio at a historic high. A large amount of short-term funds took profits at the high level, and selling pressure was concentrated.
2. Negative industry fundamentals
Samsung and Kioxia expand production, raising market concerns about NAND flash oversupply and weakening chip prices in 2027; Citron institutions openly shorted the market, claiming that storage is just a commodity without an AI chip moat, intensifying short sellers' suppression.
3. Shareholders continue to reduce their holdings
Its parent company, Western Digital, has been continuously selling shares on large scales, executives have lifted locks and reduced holdings, and circulating shares have steadily increased, suppressing prices.
4. Additional volatility in RWA tokens
On-chain 24/7 uninterrupted trading, combined with high contract leverage, post-market negative news in the US market directly passes on to tokens, amplifying the decline.
2. The logic behind the sharp drop in $SPCX (SpaceX token).
1. Valuation returns after IPO surges
After listing, it surged to a peak of $225, relying on "aerospace + xAI computing power" to hype valuations and overdraw valuations, with funds buying expectations and selling facts, collectively cashing in returns.
2. Large bond issuances raise concerns about cash flow
Shortly after listing, it announced the issuance of $20 billion in bonds. The market doubts the ongoing massive losses in AI and Starlink businesses, the immense capital expenditure pressure, and the prospect of profitability is far off.
3. Extremely low circulation and fragile liquidity
Only 4.2% of shares are tradable, and a small amount of selling can crash the market; Options and leveraged ETFs passively closed out positions, creating a stampede, with losses doubling and amplifying.
4. Large traders sell while retail investors take over
On-chain data shows whales selling off in batches at high levels, while ordinary retail investors bottom-fished and bought chips, continuing to face pressure; The overall risk aversion sentiment in the technology growth sector dragged down.
3. Common factors behind the simultaneous decline of both tokens
1. Cooling of macro risk appetite
The Federal Reserve's tight monetary policy has led to a collective correction in high-valuation technology assets, and the AI and storage sectors have weakened across the board.
2. Capital rotation in the RWA sector
Funds are withdrawing from high-end US stock tokens and shifting to low-end native cryptocurrencies, causing sector capital outflow.
3. Contract Leverage Liquidation
Both currencies opened high-multiples perpetual contracts. After the price broke through key support, long orders were liquidated in bulk, triggering a chain sell-off.7.29 OKX Top Losers｜Capital Flees The Long Tail
Selective selling today. Alts are getting hit while majors chop.
Today's Top 10 Spot Losers:
1. $ZIL -10.42% | $0.002518 | $1.17M
2. $XVRT -9.99% | $242.00 | $4.53K
3. $RE -8.28% | $0.41468 | $2.93M
4. $KITE -8.17% | $0.090749 | $256.42K
5. $DATA -7.55% | $0.22263 | $1.04M
6. $MOVE-7.08% | $0.0078704 | $187.6K
7. $MMT -6.85% | $0.17529 | $759.38K
8. $KMNO-6.83% | $0.017978 | $235.48K
9. $EIGEN-6.76% | $0.18188 | $410.9K
10. $BERA-6.69% | $0.1535
Read:
$ZIL leads the drop at -10.42%. $RE has the strongest volume at $2.93M but still down -8.28%.
Most names here have <$1M turnover. Low liquidity + risk-off = fast moves down.
This isn't panic. It's rotation. Money is clustering in exchange tokens and high-beta small caps on the other side.
Until $BTC and $ETH stabilize, the long tail stays vulnerable.
#FedRateDecision #BigTechEarningsNight #SKHynixRecordMiss Tonight, the Fed personally lit the keg of explosives. Greenspan famously said, "If you understand what I say, I must have made it very clear." This chairman, the most skilled at playing Tai Chi in the history of the Federal Reserve, has ruled Wall Street for nearly 20 years with deliberate ambiguity. Later, Bernanke invented the "forward-looking guidance," which Yellen and Powell refined more and more — dot plots, quarterly economic forecasts, every wording change in statements, feeding the market like a giant baby, waiting for the Fed to feed it the next expectation. Then Wash's came along. He personally flipped the table. In May this year, Kevin Wash was sworn in as the 17th Chairman of the Federal Reserve. At the first FOMC meeting in June, his "debut" dropped three bombs: the policy statement was cut in half, leaving only 130 words, the shortest since 2007; Delete all forward-looking guidance, no longer hinting that interest rates will go up or down next; Do not submit your own bitmap predictions. The "transparent card" Bernanke had used for over a decade was torn apart by Walsh. He spoke bluntly at the Senate hearing: "Unlike many of my predecessors and current colleagues, I don't believe in forward-looking guidance." I don't think I should tell you in advance what future decisions might be. Translated into plain language: Don't ask, you'll know when the time comes. Now, at 2 a.m. on July 30, Wash will preside over his second FOMC meeting, which is also the first true "stress test." What is the current state of the market? CME FedWatch shows: 63.7% probability of keeping rates unchanged, with a 25 basis point rate hike expected$HYPE Drops Below $55, Institutions Scatter — Which Side Are You On?
At $54.9, some are taking profits, others say it's cheap.
Two on-chain moves last night: Multicoin Capital unstaked 1.97M HYPE ($108M), $4.78M transferred to Coinbase Prime — bought at ~$30 via Galaxy Digital OTC five months ago, exited near double at $55. Selini also deposited 495K HYPE (~$26.8M) to OKX, founder Jordi Alexander explained: for HyperEVM tx fees, staking, LP, and arbitrage — not selling.
Same day, Grayscale turned bullish.
Their research head said HYPE should be valued based on EPS — Hyperliquid is estimated to generate $1B revenue by 2027, or $3.25–$3.75 per share at current circulation. At $55, forward P/E is only 15–18x — still cheap compared to fintech peers at 20–40x.
Short-term, the trend is rough.
Three consecutive weeks of net outflows from ETFs, with an additional $4.13M withdrawn on July 27–28. Technically, EMA50 ($58.45) and EMA200 ($62.15) form a double barrier. Another 6.93M HYPE will unlock in the next 7 days — 3.3M of that just tomorrow.
But the foundation is strong: accumulated protocol revenue ~$1.15B, buyback and burn exceeding 44M HYPE, annualized buyback over $30M.
Short-term selling pressure vs. long-term value. At $54.9, which side are you on?#美联储即将公布利率决议 #财报观察员：微软Meta亚马逊今夜交卷 #海力士业绩创纪录但不及预期，存储股剧烈波动 $BTC $ETH #FedRateDecision #BigTechEarningsNight #SKHynixRecordMiss $ETH 海力士财报出了——喜忧参半。
60.5万亿韩元，同比暴涨557%，历史新高。
但低于市场预期的64万亿。
营收79万亿，同样不及预期。
核心原因就一个：
海力士HBM占比太高，反而没吃够这轮常规存储芯片的涨价红利。
财报一出，股价承压。
但管理层电话会，扔出两颗定心丸：
第一，没看到AI投资放缓的迹象。
第二，HBM4已量产出货，长协订单通常锁定5年。
盘后直接由跌转涨。
今天早盘，海力士回升约4%，三星涨约6%。
分歧很明显。
就在前一天，美股AI硬件集体重挫——
费城半导体跌6.03%，闪迪跌16%，纳指100自高点回落10%，进入技术性回调。
但希捷科技财报后逆势上涨，近线硬盘产能已锁定到2028年。
你看，同一条产业链上：
业绩创纪录，被砸盘；产能抢到三年后，却涨。
矛盾，但真实。
对BTC的影响，分两层。
短期，存储股剧烈波动会传导到加密市场。
费城半导体跌6%，BTC作为风险资产里的高Beta品种，大概率被拖累。
65014.2的空单逻辑，依然成立。
64000-64500的空头清算区，没有有效突破之前——
反弹，就是加仓空的机会。
中期，海力士HBM4量产出货、长协锁定5年——
AI算力需求的刚性，被再次确认。
存储板块的分歧，是估值和产业景气的分歧，不是需求消失。
BTC作为算力经济底层锚定物，这个叙事只会越来越硬。
操作上，说清楚：
65014.2空单继续持有，止损下移到64500；
反弹到64000-64500区间，加仓空单；
整体止损统一放64800；
下方目标62000，破了看61000。
海力士财报验证了一件事：
AI需求的基本盘没崩。
短期波动，是给有准备的人留的。#财报观察员：微软Meta亚马逊今夜交卷 $SNDK US stocks turned bullish in pre-market
Bought SanDisk at noon, floating profit 400%
Asian session daytime manipulation, harvesting retail investors?
During the sharp drop this morning, Micron plunged more than 7%
In the short term, it’s more of an emotional game "using time zone and information gaps" to complete the harvesting of the momentum traders.
Liquidity difference: Asian early session US stock futures liquidity is thin, a small amount of funds can create a deep pit, making panic costs very low.
Event game: The pullback indicates that the main force tends to bet on a "dovish" stance or that the bad news is fully priced in before the interest rate meeting; the sharp drop is an opportunity for turnover.#FedRateDecision #BigTechEarningsNight #SKHynixRecordMiss $BTC $64,430 rebounded nearly $2K all day but OI didn't keep up; Shadow thinks the bulls' foundation is thinning
🧭 BTC opened at $63,895, dipped to $62,700 in the Asian session then pulled back up, touching a daily high of $64,744, currently at $64,430 (+1.5%). ETH followed up to $1,910 (+1.5%), SOL stalled at $73.73 (+0.46%), showing clear mainstream divergence. OKX contract OI reported at $1.99B (31,015 BTC), little change from the previous day, no new incremental funds entering. Funding rate +0.0063%, neutral to slightly high but not extreme, premium -0.043% slight discount—meaning contract price is slightly below spot, bulls are not eager to chase higher.
🔍 On the hot list, Jimothy (Solana) surged +112% today but has retraced -6.51% in 4h, a typical pump-and-dump pattern. AEON (BSC) +6.8% in 24h but top 10 holders control 86.43%—this is a clear sign of high centralized control; Shadow avoids such concentration. Cluster overview shows Jimothy's top 100 holders at 46.1%, with 45.67% homogeneity, low concentration but high homogeneity, suspecting multiple addresses acting in coordination.
⚡ Smart money targeted three Solana tokens today: CATE was accumulated by three different wallets totaling $7.6K, soldRatio only 3.7%, clearly accumulating; puptides bought in batches by 5 wallets totaling $6.2K, soldRatio 36%, showing ongoing position building; conversely, SCARLETT and luck have soldRatios as high as 79% and 79% respectively—following these would be a loss, clearly smart money is offloading.
💡 Looking at the full-day data, bulls pulling back from $62,700 to $64,400 relied on existing funds holding firm, OI didn't expand, funding rate didn't spike, so catching a falling knife here is not cost-effective. Smart money's focus is entirely on low market cap Solana memes, no fuse lit on the big coin side for now. Shadow chooses to hold back, waiting for BTC OI to expand again—those who haven't moved positions should keep waiting, no giving away heads.
#暗影萨满 #链上猎手Tonight's US Stock Market Pre-Open Preview
1. Full Timeline Tonight (Beijing Time, just follow along)
21:30 US stock market officially opens
Evening session: Crude oil inventory data, ongoing transmission of South Korea's market rescue sentiment
Around 01:00 AM: Microsoft and Meta release quarterly earnings after market close
02:00 AM: Federal Reserve interest rate decision + Chair's press conference (the biggest turning point of the day)
2. Current Pre-Market Status
Three major futures slightly diverge before open:
Dow futures down slightly 0.1% (safe-haven blue chips consolidating)
Nasdaq futures up slightly 0.35% (oversold tech stocks preemptively rebounding)
S&P 500 up slightly 0.28%
Sector divergence clearly visible:
✅ Strengthening: Apple, consumer blue chips, banks, memory chips (South Korea's emergency market rescue boosts sentiment; Micron, Seagate, SK Hynix all up pre-market)
❌ Weakening: Nvidia, computing hardware, Tesla electric vehicles (capital still avoiding high-burn AI growth stocks)
3. Three Scenario Predictions (Probability ranking + price change + underlying reasons)
1. Baseline scenario (60% probability: wide intraday swings, slight decline at close, Nasdaq weaker than Dow)
Core outcome: Federal Reserve holds rates steady, overall hawkish tone, repeatedly emphasizing inflation rebound risks from rising oil prices, no signal of September rate cuts;
Microsoft and Meta meet revenue targets, but AI capital expenditure continues to surge, mirroring Google's earnings pattern: profitable yet aggressively burning cash to expand computing power, investors sell off after earnings.
Closing performance:
Dow down 0.2%~0.4% (safe-haven funds support, minimal decline)
Nasdaq down 0.5%~0.8% (tech growth stocks under heaviest pressure)
S&P down about 0.3%
Plain logic:
Oil prices recently broke $100 per barrel, inflation risks rise, Fed reluctant to ease, hawkish stance is the safest choice;
Market sentiment has completely shifted: no longer buying stories of AI cash burn; as long as big firms keep spending hundreds of billions on computing power, stock prices will be sold off;
South Korea's rescue only provides short-term sentiment relief for memory sector, cannot reverse global capital withdrawal from AI hardware.
2. Optimistic rebound scenario (28% probability: broad gains, tech and memory sectors recover)
Trigger conditions:
Fed holds steady, dovish tone, acknowledges ongoing inflation decline, clearly hints at rate cuts starting in September;
Microsoft Azure cloud growth exceeds expectations, two major firms proactively reduce full-year AI capital expenditure plans.
Closing performance:
Nasdaq surges 1%~1.6%, memory chips, Nvidia, Bitcoin all rebound sharply;
Apple sees short-term capital outflow, slight volatile pullback, funds rotate from defensive stocks back to growth sectors.
Challenges: US employment and oil prices both rising, Fed currently has no need to soothe market; Microsoft and Meta must maintain AI industry position, cannot cut computing power investment, making dual positive triggers hard to realize.
3. Pessimistic crash scenario (12% probability: all three major indices plunge)
Trigger: Fed unexpectedly hikes rates by 25 basis points, shattering market rate cut expectations.
JPMorgan estimates: an unexpected hike would cause S&P to drop 1.5%-2% in one day, Nasdaq to plunge over 2%, semiconductor and memory sectors hit hard again, cryptocurrencies crash across the board.
Very low real probability: US economic growth has slowed, Fed unlikely to rashly hike to suppress stock market consumption, will only verbally toughen inflation control expectations.
4. Precise sector strength and weakness breakdown
Apple (AAPL)
Short-term remains a safe haven; as long as Fed is hawkish, it will trend higher; but current 4-hour RSI is severely overbought, unlikely to rise much further, likely to consolidate at high levels; once rate cut benefits arrive, funds will exit Apple to buy AI small caps.
Memory chips (Micron, SanDisk, Western Digital, SK Hynix)
Tonight's only positively catalyzed sector: South Korea convened financial leaders for emergency market rescue, stopping local market panic selling, memory sector rebounds technically after prior plunge.
Remember: this is only short-term sentiment recovery; long-term overcapacity concerns remain; after rebound, it will return to volatile downward trend.
AI computing power (Nvidia, AMD)
Consistently weak; as long as tech giants keep increasing computing power investment, funds will keep cashing out, making a decent rebound unlikely.
Dow traditional blue chips (banks, consumer, healthcare)
Volatile but resilient; the only sector that can stabilize the market during big sell-offs.
5. Bitcoin price movement linkage
BTC fully tied to Nasdaq rhythm:
Nasdaq weak and volatile → BTC price under slight pressure and volatile;
Fed dovish positive signals → BTC rebounds sharply;
Unexpected rate hike → crypto liquidations and crashes.
6. Practical trading suggestions
Avoid heavy directional bets in early session; all uncertainty centers on Fed decision at 2 AM;
Avoid chasing Apple at highs; small positions can be taken on oversold memory for short-term rebound;
Overall risk-off environment favors shorting overvalued tech stocks for better risk-reward.
#美联储即将公布利率决议 #财报观察员：微软Meta亚马逊今夜交卷 #海力士业绩创纪录但不及预期，存储股剧烈波动 $ETH $BTC $SNDK 2014: Mt. Gox collapses, BTC at $200, bottoming out after 3 weeks.
2018: BitGrail collapsed, BTC at $3,200, bottoming out after 2 weeks.
2022: FTX collapsed, BTC at $16,000, bottoming out after 2 weeks.
2026: BitMEX collapses, BTC $63,000, bottoming out in 2-3 weeks?
Every time, the market says, "This time is different."
Every time, the market is wrong.
The difference is: the market caps of BTC in the first three rounds were $2B, $20B, and $300B respectively. Now it's $1.3T.
Same rules, but on a larger scale. $BTC $ETH $SOL $TSLA $NVDA $SPCX🚨 $SPCX Prints a New Low at $107.01
$SPCX has fallen to a fresh low of $107.01, but I'm not convinced this marks the final bottom.
The trend so far:
📉 $225 → $134 → $117 → $107
The next area I'm watching is $85–$100.
Here's why I'm staying patient:
🔹 Share Unlock: Around 911 million shares are scheduled to unlock on August 6, potentially increasing the tradable supply.
🔹 High Short Interest: Bearish positioning remains elevated, suggesting many traders are still expecting further downside.
🔹 Weak Price Reaction: Recent positive developments haven't triggered a sustained rally, indicating selling pressure continues to outweigh demand.
The market still appears to be working through its post-IPO adjustment.
My approach:
📍 Accumulation Zone: $85–$100
Rather than chasing every bounce, I'd rather wait for selling pressure to ease and let the market establish a stronger base before building a long-term position.
Patience often creates better opportunities than reacting to every move.
#FedRateDecision #BigTechEarningsNight #SKHynixRecordMiss
$BTC $ETH $SNDK 闪迪崩了
7月28日，闪迪盘中一度跌超17%，最终收跌14%。这还不是最吓人的——本月以来，闪迪累计跌幅超过50%。从6月22日的历史高点2354.39美元算起，一个多月跌掉53%，市值蒸发超过2000亿美元。
2000亿美元是什么概念？相当于一个英特尔凭空消失。
同一天，美光跌8.85%，西部数据跌6.91%，SK海力士跌9.63%，费城半导体指数暴跌6.03%。整个存储板块，集体雪崩。
但最扎心的事情，藏在涨跌的数字背后。
六个月前，闪迪是AI算力浪潮里最靓的仔。2026年年初到6月，涨幅超850%。过去12个月，飙升逾1200%。卖NAND闪存的凭什么这么值钱？因为AI服务器的存储需求被市场视为“无限游戏”。数据中心扩张的逻辑很简单——AI模型越大，需要的存储越多。只要算力投资不停，存储需求就不会停。
但这个逻辑有一个漏洞。
“无限游戏”最怕的，就是被证伪。
7月27日，中国DRAM龙头长鑫科技在A股上市，首日涨幅高达466%。长鑫做的是DRAM，闪迪做的是NAND闪存，两家公司没有直接的产品竞争。但市场不管这些——整个存储板块一起被砸。
为什么？因为市场担心的不是“长鑫抢了闪迪的生意”，而是“中国厂商在DRAM站稳之后，下一步就是NAND”。一旦中国产能释放，全球存储芯片供需关系可能重新趋于宽松。海外厂商的利润空间，会被一步步压缩。
这不是某一家公司的问题，是整个行业估值逻辑的重估。
更深层的问题，是对AI本身信仰的动摇。
英国《金融时报》的报道点出了核心：投资者开始重新审视AI资本开支的可持续性，担忧大型科技公司的AI基础设施投入可能面临回报压力。
英伟达正推进总规模逾7500亿美元的新一轮AI基础设施交易。钱越花越多，但回报在哪里？当“无限游戏”变成“巨额烧钱”，资本的耐心就会到一个临界点。
部分资本做空了闪迪，直指NAND本质是周期性商品。当时没人听，股价继续涨。现在回头看，这个判断或许是对的——存储芯片从来就是周期品，AI只是给它加了一个“永不落幕”的故事。但故事总有讲不动的时候。
闪迪的基本面很差吗？
上一财季营收59.5亿美元，超指引上限逾24%；非GAAP每股收益23.41美元，超市场预期约59.69%；营收同比增长251%。基本面没问题，甚至很强。
但问题在于——华尔街对它的预期更高了。
8月5日，闪迪将发布新一季财报。市场一致预期营收约84.2亿美元，已经高于公司自身指引上限。这意味着闪迪需要在“超预期的预期之上再度超预期”，才能提振市场信心。如果只是达标，股价可能还要跌。
这才是高预期资产最残酷的地方——你必须永远跑得比预期快，一旦跑不动，市场不会给你喘息的机会。
闪迪的崩盘，是一个信号。
AI硬件泡沫的退潮，从存储芯片开始，但不会在存储芯片结束。当市场开始重新审视“AI投资到底能不能赚钱”这个基本问题时，整个AI产业链都会经历一次估值重构。
2026年上半年涨得最猛的那些股票，下半年可能跌得最惨。这不是什么新鲜事，资本市场永远在重复同一个剧本：涨的时候讲无限故事，跌的时候算现实账本。
闪迪的故事还没写完。8月5日的财报，会告诉我们这到底是“周期中的回调”，还是“泡沫的破灭”。
以上是今天的分享。要是对你有所帮助，还望点赞、收藏、转发三连支持一下～感谢！
个人水平有限，观点难免有所偏颇，大家求同存异就好。
本文仅供参考，文中提及的一些企业，不构成任何投资建议，入市风险请自担。#海力士业绩创纪录但不及预期，存储股剧烈波动 $SNDK 7月28日早上，韩国股市开盘前，Nextrade交易所的盘前交易时段冷冷清清。突然，一笔SK海力士的卖单砸了出来——1,272,000韩元，比前一天收盘价低了近30%。最诡异的是，这笔订单只成交了1股。买家进场后，价格在两分钟内弹回正常水平，一切仿佛没发生过。 但就在这4秒之内，一个叫预言机的数据抓取工具已经把这条价格标记为“最新市价”，传给了加密平台Hyperliquid上一款挂钩SK海力士的永续合约。2.7秒后，强制平仓程序启动，合约价格跳水近18%，960个多头账户在毫不知情的情况下被血洗。 1股，5740万美元的仓位灰飞烟灭，1740万美元的实际亏损。数字本身就在替这件事说话。 这件事为什么能引爆全网讨论？因为它不是一次简单的“出bug”，而是精准撕开了一个正在快速膨胀的金融实验品的遮羞布。 链上合约以为自己在“看”股市，其实看的是哈哈镜 先搞清楚发生了什么。Hyperliquid上的SK海力士永续合约，不是由平台自己运营的，而是第三方团队Trade.xyz部署的。它的价格从哪来？靠预言机从外部抓取数据。问题在于，这个预言机在韩国主板还没开盘时，就把Nextrade盘前交易的价Amazon AI capital expenditure cannot be fully attributed to AWS: Retail, logistics, and cloud must cross-validate Amazon has officially scheduled its Q2 2026 earnings call on July 30, but the IR page has not yet shown this quarter's results. The market usually refers to all a company's infrastructure expenditure as AWS or generative AI capital expenditure, but Amazon's property equipment simultaneously serves data centers, fulfillment centers, transportation networks, offices, and other operations. Without precise allocation, the company cannot categorize it independently. Net properties and equipment at the end of Q1 increased from $357.025 billion at the end of 2025 to $397.458 billion. This reflects the expansion of asset scale, but cannot determine whether the added capacity belongs to AWS or retail based solely on total assets. Formal 10-Q Property Equipment, Leasing, and Commitment Notes can supplement asset types, but if there is still no segmental capital expenditure, the article will retain restrictions. The reporting side can cross-validate with three segments. Q1 AWS revenue was $37.587 billion, operating profit $14.161 billion; North America revenue was $104.143 billion, with operating profit of $8.267 billion; International revenue was $39.789 billion, with operating profit of $1.424 billion. If data center investment mainly supports AWS, it should gradually be reflected in capacity, revenue, and segment profits; Logistics investment is more likely to be driven by delivery speed, unit cost, and retail profit$ZK
$ZK is under strong pressure near a key support area. A volume-backed recovery could create a quick rebound.
EP: $0.00790–$0.00810
TP: $0.00845 / $0.00885
SL: $0.00755$ZKJ
$ZKJ is showing strength while the wider market remains weak. A confirmed breakout could extend the rally.
EP: $0.00618–$0.00630
TP: $0.00655 / $0.00685
SL: $0.00598$CORE AMD will acquire over 500MW of capacity in Core Scientific's U.S. data centers starting in 2027, with potential expansion to 2.5GW, marking a new strategic cooperation in AI infrastructure. Once a leading BTC mining company, the industry has officially completed a major transformation! Core Scientific continues to divest its mining business, relying on existing power and data center resources to transform into AI computing power hosting and securing AMD's long-term major orders. This is positive for sentiment in the AI computing power industry chain, but key note: capacity will only gradually be realized in 2027, which is a medium- to long-term catalyst. Do not blindly chase AI concept coins in the short term! Tonight, the Federal Reserve's decision will continue to suppress the market, making it difficult for the thematic market to sustain on its own! 1. In-depth Breakdown of the News 1. Core Details of the Cooperation Both parties jointly build an AI computing cluster, deploying AMD Instinct GPUs and EPYC server chips; The contract initially covers 500MW, with a maximum expansion to 2.5GW, with deliveries starting in 2027. At the same time, AMD obtained Core Scientific stock warrants, deeply binding to long-term development. Background: Core Scientific was once a global leader in Bitcoin mining. Currently, it continues to sell BTC inventory, scale back mining operations, and fully transition to AI data center hosting. 2. Key Signals ✅ from the Industry Signal (1): Re-evaluation of the value of traditional crypto mining farms. Large data centers with ample power and cooling will become the battleground for AI giants$ZORA
$ZORA is testing support after strong selling pressure. A successful hold could trigger a short recovery move.
EP: $0.00555–$0.00568
TP: $0.00592 / $0.00620
SL: $0.00532