The first three started trading on October 27, while Grayscale began trading on the 28th.
The long-awaited positive news has come true, but the price of SOL has shown no reaction.
This illustrates a principle: financial markets are all about "speculating on expectations"!
Before the BTC ETF was approved, nobody was sure it would be, and when the false news of approval came out, BTC started to rise; once it was actually approved, and especially when ten were approved at once, it exceeded market expectations, and BTC continued to rise.
The Ethereum ETF was approved, and although there was some increase, it quickly fell back.
When it comes to SOL/LTC/HBAR, there have been almost no noticeable fluctuations because several months ago, the probability of these altcoins' ETFs being approved on Polymarket had already reached over 90%—the market anticipated it!
Among these, HBAR was the least expected and is currently the best performer among the three newly approved coins.
Correction: The Binance official website has the components and weights of the "price index" for each contract pair. During the time from 12 to 1 PM on the 18th, it should have been 40% weight for OKX spot and 60% weight for Binance contract price. The screenshot also added a Binance wallet aggregator price, which should have been added later.
0xbit-关注都是朋友
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Earned $250,000 in 20 minutes, analysis of the operation methods of contract big shots!
On October 18th, X major V @allincrypto posted that Eagle Capital made a long position on $SLERF on Binance, earning $250,000 in 23 minutes.
As for envy, I also want to know how they did it. Thus, this article about the review was created!
First, they discovered the price anomaly of slerf on the exchange. At 12:45 on the 18th, the on-chain price of $SLERF was around 0.066; at the same time, the spot price on OKX was 0.087, and the contract price on Binance was 0.081.
Under normal circumstances, the prices of the three should not have such a big difference.
Time is of the essence in warfare; opportunities are fleeting!
0xbit-关注都是朋友
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Earned $250,000 in 20 minutes, analysis of the operation methods of contract big shots!
On October 18th, X major V @allincrypto posted that Eagle Capital made a long position on $SLERF on Binance, earning $250,000 in 23 minutes.
As for envy, I also want to know how they did it. Thus, this article about the review was created!
First, they discovered the price anomaly of slerf on the exchange. At 12:45 on the 18th, the on-chain price of $SLERF was around 0.066; at the same time, the spot price on OKX was 0.087, and the contract price on Binance was 0.081.
Under normal circumstances, the prices of the three should not have such a big difference.
Earned $250,000 in 20 minutes, analysis of the operation methods of contract big shots!
On October 18th, X major V @allincrypto posted that Eagle Capital made a long position on $SLERF on Binance, earning $250,000 in 23 minutes.
As for envy, I also want to know how they did it. Thus, this article about the review was created!
First, they discovered the price anomaly of slerf on the exchange. At 12:45 on the 18th, the on-chain price of $SLERF was around 0.066; at the same time, the spot price on OKX was 0.087, and the contract price on Binance was 0.081.
Under normal circumstances, the prices of the three should not have such a big difference.
Those who say Insider Brother transferred money to Binance to continue shorting, does it hurt their face?
0xbit-关注都是朋友
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This "first-come, first-served" inference is the most harmful!
Binance's contract positions slightly increased over the last 24 hours, with the previous short-seller of BTC, an "insider whale," depositing 85 million USDC into Binance.
Thus, it leads to the conclusion that the insider whale closed their $430 million BTC short position on Hyperliquid and then ran to Binance to short.
May I ask, if he still holds a bearish view, why would he close the previously high-priced short position and unnecessarily transfer a small amount of funds to Binance to open a short?
Last night's speech by Powell hinted that there is a high possibility of a rate cut in October to preserve jobs and consideration of stopping tapering in the coming months.
The crash on 10.11 has mostly cleaned up the leverage that needed to be cleared.
Trump is making a lot of noise, but the goal is still to negotiate—he clearly knows that once China hardens its stance, it will definitely accelerate U.S. inflation expectations, causing a story crash and economic recession, which is something he does not want to see.
Recently, the Republican Party has been promoting legislation for U.S. pension 401K investments in cryptocurrency.
On a macro level, bearish factors are gradually being cleared, and panic sentiment is further alleviated.
Therefore, I still maintain the previous judgment that there will be fluctuations ahead, but it is highly unlikely that there will be new lows—even if Trump stirs up some trouble with tariffs, bearish factors tend to make the most noise right when they emerge.
Until the 9 CPI data release on 10.24, every drop is a good opportunity to buy the dip.
The liquidity crisis in the U.S. financial market is intensifying, and the cryptocurrency market continues to decline!
Recently, two important interest rates in the U.S. financial system have risen abnormally:
Effective Federal Funds Rate (EFFR): 4.10%, after interest rate cuts it is 4.08% Overnight Financing Rate (SOFR): 4.29%, after interest rate cuts it is 4.14%
EFFR is the interest rate for unsecured borrowing between banks in the federal funds market; SOFR is the borrowing rate in the repo market, secured by U.S. Treasury bonds.
The rise in both rates indicates an increase in borrowing costs—there is a lack of money in the market!
This is also the root cause of the sharp decline on 10.11—the liquidity crisis combined with high leverage caused the extreme spike on that day.
On Wednesday night, Powell made a rare dovish statement, even considering halting balance sheet reduction.
I think it’s not just the decline in employment rates; a deeper concern is the liquidity crisis in the U.S. financial market—the worst-case scenario is a global financial market crash, similar to the moment of the outbreak of the 3.12 pandemic.
After all, there is a considerable lag from interest rate cuts to an increase in employment rates, but the liquidity crisis in the financial system could lead to a shock overnight.
However, I feel there is no need to be overly worried, as both the market and the Federal Reserve are prepared and have foresight, so they should not let the liquidity in the financial market face significant problems.
Therefore, even if there is a continued decline, it is highly unlikely to fall below the lowest point on the night of 10.11. Even if it does drop below, it may take the form of a spike.
Thus, in terms of operational strategy, I will still build positions in batches above the low point of 10.11, and if it truly drops below, I will mobilize funds from outside to continue adding to my position!
Like #zora , BTC has crashed, yet it remains indifferent, indicating that the chips are not concentrated, and the strong庄 controls the盘! When other crypto assets rebound, it is highly likely to rise earlier; and it is also likely to peak earlier!
Take history as a mirror: How long will it take for this round of decline to bottom out?
The significant drop on October 11 is a proactive deleveraging behavior during the bull market rise.
If we look for a similar decline in the history of cryptocurrency, it would be the significant drop on September 7, 2021.
Again, this happened during a bull market rise, with no warning, and BTC dropped more than 15% in a single day, also leaving a long lower shadow on the same day.
However, at that time, the liquidation in cryptocurrency was far less than now, with only 3.54 billion in 24-hour liquidations.
The drop on September 7 lasted 22 days, with BTC falling by 23%.
Returning to this instance, the liquidation scale is 19.2 billion, and even Binance has started to issue rescue funds. The last time something like this happened was during the FTX collapse.
Therefore, although the current market does not show obvious negative news; the positive news is still only at the informational level, and the rebound in recent days remains relatively weak.
So, friends looking to buy the dip, do not rush. You can build your position in batches, but avoid chasing highs!
Before the CPI data release on October 24, and before the interest rate meeting on October 29 confirms a rate cut, any other positive news is merely emotional and very fragile!
This "first-come, first-served" inference is the most harmful!
Binance's contract positions slightly increased over the last 24 hours, with the previous short-seller of BTC, an "insider whale," depositing 85 million USDC into Binance.
Thus, it leads to the conclusion that the insider whale closed their $430 million BTC short position on Hyperliquid and then ran to Binance to short.
May I ask, if he still holds a bearish view, why would he close the previously high-priced short position and unnecessarily transfer a small amount of funds to Binance to open a short?
Last night's speech by Powell hinted that there is a high possibility of a rate cut in October to preserve jobs and consideration of stopping tapering in the coming months.
The crash on 10.11 has mostly cleaned up the leverage that needed to be cleared.
Trump is making a lot of noise, but the goal is still to negotiate—he clearly knows that once China hardens its stance, it will definitely accelerate U.S. inflation expectations, causing a story crash and economic recession, which is something he does not want to see.
Recently, the Republican Party has been promoting legislation for U.S. pension 401K investments in cryptocurrency.
On a macro level, bearish factors are gradually being cleared, and panic sentiment is further alleviated.
Therefore, I still maintain the previous judgment that there will be fluctuations ahead, but it is highly unlikely that there will be new lows—even if Trump stirs up some trouble with tariffs, bearish factors tend to make the most noise right when they emerge.
Until the 9 CPI data release on 10.24, every drop is a good opportunity to buy the dip.
Mr. Bao mainly talks about employment - conducive to interest rate cuts!
0xbit-关注都是朋友
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Tonight, be cautious as Powell's speech may trigger market fluctuations!
Tonight at 23:30, Powell will deliver a speech at the Philadelphia National Association for Business Economics.
Given the U.S. government shutdown and the authenticity of economic data, his remarks will be closely monitored and interpreted by the market.
If Powell focuses on the labor market, the market will interpret this as leaving room for 1-2 more rate cuts before the end of the year.
If he leans towards addressing the persistence of inflation, it would mean that the threshold for further easing is higher, which would dampen market expectations for a rate cut in October.
Tonight, be cautious as Powell's speech may trigger market fluctuations!
Tonight at 23:30, Powell will deliver a speech at the Philadelphia National Association for Business Economics.
Given the U.S. government shutdown and the authenticity of economic data, his remarks will be closely monitored and interpreted by the market.
If Powell focuses on the labor market, the market will interpret this as leaving room for 1-2 more rate cuts before the end of the year.
If he leans towards addressing the persistence of inflation, it would mean that the threshold for further easing is higher, which would dampen market expectations for a rate cut in October.
If tariffs are the fuse for this sharp decline, then last night's rebound was also due to tariffs!
Last night, between 10-11 PM, U.S. Vice President Pence said that President Trump is willing to engage in rational negotiations with China regarding tariffs.
This effectively sent a signal that Trump is open to talks, and shortly after, at 12:43 AM, Trump also posted on his Truth Social, starting to soften his tone—this is very much in line with Trump's usual strategy: first apply extreme pressure, then negotiate.
BTC began to rebound at 10:40 and continued until this morning.
Just because Trump wants to increase tariffs on China, BTC dropped over 16%, even exceeding the decline from the first round of tariffs on China.
This indicates that tariffs themselves are the fuse, but the larger reason is the current weakness of prices.
A single statement affecting the rise and fall shows that the current market phase is all about emotional responses; before the official announcement of tariff policies on November 1, there will be repeated fluctuations, but the extent of these fluctuations will gradually decrease.
In fact, the initiative regarding tariffs is still in Trump's hands; as long as he says he will not raise tariffs for the time being, like in April, and then continues to cut interest rates on October 29, all cryptocurrencies will hit new highs with benefits!
Binance Alpha Activity Special Guide丨The Strongest Ever丨Most Comprehensive Details丨Simple and Easy to Understand丨Must-Read for Beginners (Part 1) — Three Steps to Grab Airdropped New Coins, Annualized Up to 600%+
Many friends want to participate in Alpha and have definitely seen many tutorials. However, during the practical process, some still do not understand this and others are still unsure about that. Like everyone else, I also found it easy to understand at first glance, but felt confused during practical implementation. Some friends have noticed that the price of new airdropped coins has decreased compared to before and are hesitant about whether to continue participating in this activity. Therefore, I wrote this article to share all the problems and solutions I encountered during this process, aiming to be as comprehensive, detailed, and easy to understand as possible. I hope it can help clarify doubts and also share the benefits of this activity! Since there are many details involved, the article is a bit lengthy, but I hope you can read it patiently; it will definitely be of some help to you! If there are any deficiencies or mistakes, please feel free to supplement and correct, so we can learn and improve together! I am 0x One-Eyed, and if this article helps you, I hope you can follow, like, and share it to help more friends!
Evil platform engages in spot & contract market-making scheme:
Choose targets with poor liquidity——Large accumulation at the bottom——Raise prices to create attention——No coordinated publicity——Retail investors FOMO enter the market——Sell the spot while opening short positions to hedge.