BBW draws a perfect conclusion, successfully in the same frame with CZ, the eldest sister, and Richard.
The right hand that has shaken hands with the Chinese richest man CZ—future deals are also blessed, must achieve victory every time.🥳 #币安广场 #BinanceBlockchainWeek
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Big boss @saylor spent all week yelling “more orange,” and this is all we got?
Strategy bought just 267 $BTC last week, spending around $22 million at an average price of $82,900, bringing its total holdings to 848,517.
In the same week, it spent $193 million buying back its own STRC preferred shares—about 9 times what it spent on Bitcoin—and expanded its buyback authorization from $2 billion to $3 billion in one go.
Looks like the price Big boss is most keen to protect right now isn’t Bitcoin’s, but $STRC ’s. Still, buying is better than selling. 🫣
It’s that time of year when $BNB burns through its supply.
Janie reports: On October 19, $BNB completed its 37th quarterly automatic burn, destroying 1,646,196 tokens worth about $1.197 billion at the time—slightly more than in previous burns.
After the burn, the remaining supply is about 131.5 million tokens. The official long-term target is 100 million. That means another 31.5 million tokens to go. At around 1.65 million burned per quarter, it’ll take about 19 quarters, or nearly five years.
No rush. In five years, will $BNB manage to hit 10,000? 🥹
According to Glassnode, net aggressive selling in perpetual futures fell from $890 million to $560 million last week. Weekly outflows from U.S. spot BTC ETFs also narrowed from $680 million to $230 million, so the selling pressure has clearly eased.
The bad news is that weekly ETF trading volume is down to just $10.1 billion, below the lower bound. Spot price momentum at 36 is also hovering near the lower bound, and buyers have no enthusiasm at all.
In other words, selling pressure is fading, but new buyers haven’t entered the market yet. Another sideways market stuck in limbo—this is the most agonizing kind.
📰 Top News 1. Strategy bought 267 BTC last week (average price $82,900), bringing its total holdings to 848,517 BTC; its preferred stock repurchase authorization was raised to $3 billion 2. U.S. stocks rose Monday, with the Nasdaq up 1.11% and semiconductors gaining; oil prices remain elevated amid a tanker hitting a mine in the Strait of Hormuz and Russia-Ukraine energy strikes
🎯 Strategy BTC bullish (58%): Go long at $80,603–$81,259, target $82,660, stop loss $79,394 ETH bullish (64%): Go long at $2,358–$2,377, target $2,438, stop loss $2,323 BNB bullish (80%): Go long at $710–$716, target $743, stop loss $699
⚠️ Risks: Higher oil prices are driving up inflation expectations, with 10Y Treasury yields above 5.1%; 2,000 BTC moved to exchanges, and a pullback after testing resistance at $83,000 is a risk
🎁 Exclusive Jeni Jun Binance discount code [JN188], with a permanent 20% discount Produced by the Jeni Jun Little Lobster team. For reference only.
Hit a creative block on Binance Square? What to do when you can’t write?
After writing for nearly 10 years, Jieni has also had times when he opened his computer and didn’t feel like writing a single word. After all, inspiration can run out. Here are a few things I do: 1. Change the format, not the topic. If you’re tired of writing opinion pieces, do a livestream, write a tutorial, or hold a debate. You can cover the same market trends in a different format and make things feel fresh again. 2. Find topics in the comments. The questions readers ask most often can become the subject of your next post. For example, if a newcomer asks, “How do I participate in a third-party Pre-Access event through Binance Wallet?”—that’s a tutorial right there. 3. Write about your own real experiences. You can finish writing about market trends, but you can never run out of your own experiences. How long you’ve been dollar-cost averaging, what pitfalls you’ve encountered, and what events you’ve attended—all of these are your most genuine experiences.
It just occurred to me that the futures for $UNI and $BCH officially started trading on CME today, becoming the 10th and 11th single-coin futures, but the market didn't react at all.
As expected, an old shitcoin is still an old shitcoin. Looking back, the news basically came out at the very top, followed by a steady decline.
That said, these are cash-settled contracts, so institutions don't have to touch a single coin. CME says they're for clients to “manage price risk.” Who'll be the first to use them? BCH miners, funds holding UNI to vote, and project treasuries—if they want to lock in a price without selling their coins, opening short positions is the easiest option.
So futures going live brings more hedging than buying.
Still, it has to be said: Cherish life, stay away from old shitcoins.
China, are you for real? The USD/CNY exchange rate keeps hitting new lows, down nearly 10% from its peak.
People used to say that holding USDT during a bear market could outperform 90% of people. Well, now holding U has underperformed 90% of Chinese people.
GM, This pullback from the highs in US stocks is pretty much over. $MU , $SKHY , and a bunch of other memory stocks have fallen by nearly 40% at their worst.
Back in the AI bull market, everyone said they’d buy the dip once SK broke 1,000. Why is everyone too scared to do it now?
But then again, we might as well stick with the US market’s golden child, $MU . It feels like the Korean retail investors are about to be completely wiped out.
Boss @saylor is working on it. This time, the plan is to switch $STRC dividends to daily payments.
Strategy filed an 8-K, conditionally announcing that in November, $STRC preferred shares will pay cash dividends once a day, totaling $1 per share for the month, or about 12% annualized.
They’re currently paid twice a month, and the plan is to switch to daily payments—but first, the amendment to the company’s charter has to pass at the special shareholders’ meeting on October 28.
The annualized rate is still the same; it’s just that the payment frequency is maxed out. That should make the experience much more appealing for buyers, and make it easier to sell preferred shares to raise money to buy $BTC .
How Can You Get Project Teams to Reach Out to You on Binance Square?
People often ask me, Jieni, how I land so many partnerships. Honestly, most project teams and exchanges reach out to me first. When they look for someone to work with, they really only consider three things: 1. Who are your readers? It’s not about having the most followers; it’s about whether they’re a good fit for the product. You’ve always written about contract trading, so your followers are mostly traders. Naturally, projects offering futures trading or trading tools will reach out to you. 2. Can people trust what you write? Project teams worry most about partnering with creators who get the numbers wrong or make exaggerated claims, which could hurt the brand if something goes wrong. The fact that you verify data and speak with care is the best introduction you could give yourself.
Old Ma @elonmusk is holding his breath for the dream again?
Tesla $TSLA reports earnings in three days, and he’s declared on X that Optimus robots and Cybercab will make up the vast majority of Tesla’s value.
In other words: It doesn’t matter how many cars we sold in Q3, and it doesn’t matter if the Roadster can fly. Just pay close attention to the robots on Wednesday’s earnings call.
So does that mean the cash cow that sells cars will only get to play a supporting role from now on? 🤣
It’s time for AI to show its results again next week.
After the market closes on Wednesday (U.S. time), Meta, Tesla, IBM, and Texas Instruments will all report earnings. Western Digital joins them on Thursday.
At this point, the market isn’t asking whether you’re still spending money—it’s asking just one thing: When will all that money you’ve poured in start turning into revenue?
I have a feeling that once this week is over, AI stocks won’t be able to keep rising hand in hand anymore, will they?
When U.S. stocks pull back, they’re really no better than altcoins! 😢
📰 Top Stories 1. Iran escalated attacks on ships in the Strait of Hormuz; Brent hit $110 for the first time in 5 months, while WTI climbed above $100; the Nasdaq fell 2.1% on Friday 2. Fed Chair Warsh said, “I won’t prejudge the outcome of the October 27–28 meeting.” Market pricing for an October rate hike fell to around 15%
🎯 Strategy BTC neutral: Go long at $80,498–$81,149, target $82,634, stop-loss $79,291; go short at $82,309–$82,960, target $80,824, stop-loss $84,204 ETH slightly bullish: Go long at $2,315–$2,334, target $2,423, stop-loss $2,280 BNB neutral to slightly bullish: Go long at $710–$716, target $735, stop-loss $699
⚠️ Risk: BTC’s weekly candle is about to close, with $82,500 as the dividing line between bulls and bears; weekend liquidity is thin, and geopolitical surprises could cause oil prices to gap up on Monday
🎁 Exclusive Binance discount code from Jieni Jun: 【JN188】, permanent 20% discount Produced by the Jieni Jun Little Lobster team. For reference only.
G**D, Which Aussie damn exchange or project leaked its customers’ information? 🤬
A couple of days ago, I got a tax-filing email from the “ATO” saying it had identified my Crypto Asset Tax Obligations. It told me to fill out a form within 24 hours or I’d be fined—and in serious cases, face criminal prosecution.
It is tax season in Australia, and Jeni had just filed taxes a few days ago. The only problem was that this email went to my alt account, which I’ve never used to file taxes.
I quickly asked GPT to check it out, and sure enough, it was a phishing email.
A heads-up to everyone trading crypto in Australia: the ATO won’t proactively send you messages with links asking you to log in or enter personal information. If you have any concerns, just go directly to myGov and check.
You can call Brother Sun a blondie, but you can't say he's bad at crypto trading.
Brother Sun @justinsuntron revealed in an interview that last year $ETH , he sold off 80–90% of his holdings when it was between $3,600 and $4,000, moving most of the funds into U.S. stocks.
Even Brother Sun has lost faith in ETH. Looks like it's time for the perennial runner-up to change hands?
By the way, you hear less and less from the ETH army these days.
Who will become the new number two over the next 10 years? 🫡