Encryption | Morning News | September 23
I really don’t have much to say about this market, but I have to write something.
$BTC 86195,$ETH 2753,Mainstream coins collectively drifted lower. The overall market is down 0.3%, “the second” down 0.6%, and “the third” is roughly flat. If you want to call it panic, it’s not quite there; if you want to call it greed, that’s not it either—just the kind of grindy sideways action that slowly wears you out, like a warm-water frog.
The 86,000 level has been stuck there for almost a week. Volumes keep shrinking, and both bulls and bears lack momentum.
My personal judgment: stay on the sidelines.
86,000 isn’t a good place to chase longs, but I also don’t see a clear “breakout” signal to justify shorting. Today I’m just going to watch the show—no new positions. Wait for the direction to become clearer.
In a mediocre, tasteless market like this, the scariest thing is not being able to resist. Resist the urge to chase longs and then end up getting hit by a bearish red candle; resist the urge to short and then get dragged up repeatedly, slapping you in the face.
What’s worth watching more closely is $SUI . Both the Grayscale and Canary Capital ETFs have been listed, yet it’s still down 6%. Good news turns into bad news—this script is something I’ve seen way too many times. Classic “dead on arrival” once it goes public. So today I’ll focus on whether there are any abnormal flows in the mainstream coin ETF capital flows, especially the BTC spot ETF. If there’s sustained net outflow, then it’s really time to be careful.
Also, the Telegram wallet has added a cross-chain deposit feature—let’s see if it can bring a bit of incremental demand to the ecosystem.
Today I’ve got just two things on my radar:
1. Can $BTC hold 86,000? If it can’t, then we’ll look at 85,000.
2. After the $SUI ETF launches, does it continue to drift down—using it as a sentiment indicator.
Are you choosing to stay flat, or looking for opportunities? Drop your thoughts in the comments if you feel the same.
I really don’t have much to say about this market, but I have to write something.
$BTC 86195,$ETH 2753,Mainstream coins collectively drifted lower. The overall market is down 0.3%, “the second” down 0.6%, and “the third” is roughly flat. If you want to call it panic, it’s not quite there; if you want to call it greed, that’s not it either—just the kind of grindy sideways action that slowly wears you out, like a warm-water frog.
The 86,000 level has been stuck there for almost a week. Volumes keep shrinking, and both bulls and bears lack momentum.
My personal judgment: stay on the sidelines.
86,000 isn’t a good place to chase longs, but I also don’t see a clear “breakout” signal to justify shorting. Today I’m just going to watch the show—no new positions. Wait for the direction to become clearer.
In a mediocre, tasteless market like this, the scariest thing is not being able to resist. Resist the urge to chase longs and then end up getting hit by a bearish red candle; resist the urge to short and then get dragged up repeatedly, slapping you in the face.
What’s worth watching more closely is $SUI . Both the Grayscale and Canary Capital ETFs have been listed, yet it’s still down 6%. Good news turns into bad news—this script is something I’ve seen way too many times. Classic “dead on arrival” once it goes public. So today I’ll focus on whether there are any abnormal flows in the mainstream coin ETF capital flows, especially the BTC spot ETF. If there’s sustained net outflow, then it’s really time to be careful.
Also, the Telegram wallet has added a cross-chain deposit feature—let’s see if it can bring a bit of incremental demand to the ecosystem.
Today I’ve got just two things on my radar:
1. Can $BTC hold 86,000? If it can’t, then we’ll look at 85,000.
2. After the $SUI ETF launches, does it continue to drift down—using it as a sentiment indicator.
Are you choosing to stay flat, or looking for opportunities? Drop your thoughts in the comments if you feel the same.