This guy is really fierce... "Set 10 big goals first" — this short position is now showing an unrealized loss of over ten million USD. He even changed his profile picture because of the loss. BTC 5x short nearly 2,500 coins, entry price 74746 ETH 7x short 15,000 coins, entry price 2347. Total position $218 million As soon as the price moves up a bit, the losses spike immediately. The key is he’s still adding to the position. Adding more after losses, this operation is extremely risky. Right now, market sentiment is clearly bullish, and once liquidity comes in, shorts get squeezed easily. Of course, he has switched between longs and shorts multiple times before and made big money, so he’s not inexperienced. But this time it really looks like he’s overplaying it. Once position management gets out of control, even huge capital can’t withstand continuous one-sided moves. Do rich people’s money not count as money? A $10 million unrealized loss would crush an ordinary person’s heart, yet he’s still adding to the position. Really, having too much money makes you dare to risk it all. 🥹 $BTC #BTC加速拉升，资金还能继续接力吗？

This wave of BTC rebound, the most worth paying attention to is actually the Strategy's position — it is right at the breakeven point. Key details: • Holding 840,447 BTC, with an average cost of $75,385 • Today's highest reached $76,903, with an unrealized profit of about $1.276 billion • But compared to the total position of $65 billion, the unrealized profit rate is only about 2% Several highlights: • Strategy is no longer an "early low-cost coin accumulation" — it has continuously added positions at high levels for more than a year, pushing the average cost all the way up to $75,000 • The current price is only about a thousand dollars above its cost line; if BTC pulls back about 3%, it will return to loss • This round from $69,000 to $77,000, it finally returned to the profit line, which is a relief $BTC #BTC加速拉升，资金还能继续接力吗？

#BTC accelerating its surge, can the funds continue to take over? This wave of BTC has risen fiercely, directly blowing up a batch of short sellers. Key data: $1.408 billion liquidated across the entire network in 24 hours, 154,000 people forcibly liquidated Short positions liquidated $1.227 billion, nearly 90%; long positions only $181 million BTC contributed $900 million, ETH about $236 million The largest single liquidation was at Hyperliquid, where a BTC short position was liquidated for $25.13 million What happened: BTC surged from 69,000 to over 76,000, rising nearly 10% in 24 hours. Those who shorted with high leverage at the top couldn't hold on; every time the price rose a bit, a batch of short positions was forcibly liquidated. The liquidations in turn pushed the price higher—this is a short squeeze, where the money from short liquidations fuels the longs' rally. Actually, this round started mid-month: Trump's call for Hyperliquid to comply and enter the US market sparked a wave of sentiment. Subsequently, those high-leverage BTC short positions worth hundreds of millions were gradually liquidated. The previous short whale holding 1,800 BTC was a cautionary example. $BTC

Hyperliquid's growth this month is close to 50%, with key data: $419 million in fee revenue in the first half of the year, a year-on-year increase of 31%; daily active users up 90%; trading volume of $1.29 trillion; on-chain perpetual contract market share at 54.5%, surpassing all other on-chain platforms combined. Simply put, Hyperliquid has established a clear lead in the on-chain perpetual contract niche. This is not just hype; the simultaneous growth in fee revenue and user numbers mutually confirm each other. Another variable is policy: Trump publicly stated that the CFTC is pushing for Hyperliquid to enter the US market in a compliant manner, and $HYPE surged again on this news. This means it could potentially enter the US regulated derivatives market from the on-chain platform side, opening new growth opportunities. However, precisely because expectations are high, if growth data or regulatory progress fall short, the correction could be amplified. The data looks good, but the valuation already includes a lot of optimistic expectations, so keep this in mind when evaluating. Of course, in my dollar-cost averaging strategy, $HYPE must be the steady and reliable top choice!

Sharing my friend’s record — a genius trader with a sharp edge Basically, it’s all small profits; his secret is to take a little and run, just like scraping with a blade He doesn’t aim to get rich overnight, nor does he fight the market. In fact, trading often isn’t about catching a big wave, but about consistently squeezing a bit out of the market. So recently, I want to gather the real traders I know. Some do short-term trades, some catch trends, some study sentiment, and some watch on-chain data. Everyone shares their market analysis, trading ideas, and practical experience. No signal shouting, no boasting about guaranteed profits. Just a group of people who really work in the market, breaking down charts and sharing experience. If you want to join the discussion, check out my profile; the group chat link is there. #TradingShare

The Bhutan government's recent move, frankly speaking, is treating Bitcoin as cash. Yesterday, they transferred 490 BTC (about 32.7 million USD) in one go to a new wallet, with the largest single transfer being 485 BTC. It sounds impressive, but this has actually been their routine operation for over a year — selling off steadily from a peak of 13,000 BTC in 2024 down to just over 3,000 BTC now, a 70% decrease. Interestingly, the official stance is "no coins sold," but the on-chain data clearly records every transaction, with funds continuously flowing out. This "data contradicting the official statement" is the most noteworthy aspect of this news. The market impact is actually limited; 30+ million USD is just a drop in the bucket compared to Bitcoin's daily trading volume. But the sentiment signal is more important than the capital flow — after all, the phrase "a sovereign nation is continuously selling" is inherently sensitive in the crypto community. And at this pace, the remaining holdings will be sold off in a few months. In short, Bhutan is treating Bitcoin as a liquid fiscal tool rather than an appreciating asset. The trend is clear; don't overreact to single transfers, just look at the bigger picture. $BTC #BTC加速拉升，资金还能继续接力吗？

#财报观察员：泡泡玛特增长换挡，多IP能否接力？ Regarding Pop Mart's mid-year report, my view leans bearish. First, the fundamentals: revenue of 17.17 billion seems to have grown 23.8%, but the market expected 19.98 billion, a full 2.8 billion short; net profit of 5.16 billion only reached about 70% of expectations. The data is actually below expectations. The company itself has admitted it will likely miss the 20% growth target and said 2026 will be a "year of operational adjustment," with sales volume not the top priority—this is basically a warning to the market that growth is shifting gears. Additionally, inventory turnover has nearly doubled from 123 days to 201 days. You might say it's overseas stocking, but the market may not buy into that efficiency. To be honest, what makes me more bearish is not just this quarter's report, but the nature of this business. Think about it: something costing less than 10 yuan can only be sold for 59 or 99 yuan, how easy is that money to make? The key is it’s still a blind box model—you open one and have no idea what you’ll get; if you want the popular ones, you have to keep buying. How is this different from gambling? To put it bluntly, domestic retail investors are truly endless; many people throw money in just to get a hidden figure. Whether this business has a high ceiling or not is another matter, but in the long run, with regulators watching and players gradually losing interest, it’s not sustainable. In the short term, buybacks might support the price and stabilize sentiment, but in the medium to long term, I remain cautious and bearish. $POPMART

Bitcoin's sudden surge is not driven by a single piece of news, but by three forces working together: 1️⃣ Shorts are being squeezed and forced to cover In the past few months, Bitcoin dropped from $126,000 to $58,000, with every rebound basically pushed back down. During the decline, the market collectively shorted on rallies, and short positions have been heavily crowded. Once the price breaks upward, short liquidations force buying, creating a "rise → liquidation → further rise" cycle that directly propels the market. 2️⃣ U.S. Treasury injects liquidity Starting September 9, the long-term Treasury repo limit was raised from $2 billion to $4 billion, suppressing U.S. bond yields and weakening the dollar. Once liquidity loosens, risk asset valuations begin to recover. 3️⃣ U.S. crypto policy sentiment is highly positive Trump met with executives from multiple crypto companies, expressing intentions to make the U.S. a global digital asset hub and mentioning consideration of government increasing Bitcoin holdings. Regulatory friendliness expectations have directly ignited market sentiment. However, signals are just signals; actual legislation and policies still need to be implemented. Emotion-driven market fluctuations will be especially volatile, so be cautious of risks. $BTC #BTC加速拉升，资金还能继续接力吗？