Don't be blind on the candlestick: How to see through the major player's bottom card using Binance @binancezh 'Trading Data'? (Taking $ENA as an example)
In this market, 90% of retail investors only focus on the candlestick chart to see price rises and falls, resulting in being repeatedly harvested by the major forces.
No matter how beautifully the candlestick is drawn, that is all in the past. What really determines future trends is the flow of funds and the long-short competition hidden behind the candlestick.
Today, I used the often overlooked 'Trading Data' panel in the Binance APP, along with a real screenshot of the $ENA market (see the explanation at the end), to conduct a deep analysis of 'the traces of major players' behavior.'
1. Capital flow: Who is fleeing? Who is taking over? Look at the pie chart and data table on the left side of the image; this is the most intuitive 'big player radar.'
【Block Doctor Daily One Minute, Overview of Major Events in the Crypto Circle on November 27】 Today is November 27, let's take a look at the important dynamics in the crypto circle and related fields.
- Michael Saylor stated that volatility is vitality, reflecting his view on the characteristics of the Bitcoin market. - Bitcoin mining difficulty decreased by 1.95% to 149.3 T, which will affect miners' costs and revenues, thus having a certain impact on the entire Bitcoin ecosystem. - Lido's new proposal aims to transform into a comprehensive DeFi platform by 2026, demonstrating its future development plan and ambition, which may change the competitive landscape in the DeFi sector. - After Trump pardoned CZ, Binance is facing a $1 billion lawsuit again, indicating that Binance's legal issues have not been fully resolved, which may impact its business and market reputation. - Tom Lee expects Bitcoin to break $100,000 by the end of the year, a prediction that will draw the attention and contemplation of market participants. - Tether confirmed to the Ministry of Labor of Uruguay that it will stop operating locally, which may be related to local regulatory policies or its own strategic adjustments. - Strategy launched a brand new credit indicator to alleviate debt concerns following the cryptocurrency crash, which helps strengthen risk management and stability in the crypto market. Follow Block Doctor for more real-time updates.
After being in this industry for a long time, you will discover an interesting phenomenon: the more a top-tier project is under the spotlight, with a valuation of tens of billions, the more likely it is to stumble in the most basic gutters.
Yesterday, the highly anticipated @megaeth staged an absurd drama under the watchful eyes of the whole internet. The USDC pre-deposit expansion activity, originally planned to be seamless, faced a technical error that led to the limit being 'snatched' ahead of time, causing the cap limit to surge from 250 million, ultimately necessitating an emergency halt.
Many people see it as a fruit to be plucked, but what I see is a vivid roadshow of the dark forest rule of Web3. To clarify the intricacies, I reviewed the technical logic of the entire incident and created a (mind map) (see the diagram at the end).
The narrative of L2 has almost been worn out this year, but @megaeth can still excite the market, relying not only on @VitalikButerin's calls but also on its solid 'cash capability' and 'filtering mechanism'.
I specifically created a map of the @megaeth tokenomics thinking, and also introduced the details of tonight's pre-deposit activity:
1. Core of the activity Purpose: To launch the USDC pre-deposit bridge, allowing users to deposit USDC from the ETH mainnet in exchange for the native stablecoin USDM on the MegaETH chain.
Total cap: $250 million ($250M).
First come, first served (FCFS), and will stop once the cap is reached or close to the mainnet launch.
First, we need to admire @machibigbrother's mindset
Playing with money that you can afford to lose is the right mindset for good gameplay
According to incomplete statistics, Machi has accumulated losses exceeding 50 million USD in the past two years.
I am also curious about how much he has lost; if Machi really is a guiding light, he could be considered a very high-quality fool's money.
Looking back at Machi's record of losses:
@machibigbrother basic information
Jeffrey Huang, online name @machibigbrother, born on November 7, 1973, in Taiwan, moved to the United States with his family at the age of 2. He is a Taiwanese-American hip-hop artist, serial entrepreneur, and a controversial whale trader in the cryptocurrency field. He is known for his bold bets and massive losses after transitioning from music entertainment to blockchain entrepreneurship, being referred to as a "master of taking advantage of retail investors" in the Chinese-speaking world.
Early Experience and Music Career Jeffrey Huang's entertainment career began in 1991 when he co-founded the Taiwanese-American hip-hop group L.A. Boyz with his brother Stanley and cousin Steven Lin at the age of 18. The group was a pioneer in bringing hip-hop music to Taiwan, with their debut album "SHIAM! Flash" (1993) selling 130,000 copies, and they released 16 albums over 7 years.
After L.A. Boyz disbanded in 1997, Jeffrey Huang founded the hip-hop group Machi in 2003, releasing three albums and collaborating with international artists. He simultaneously managed Machi Entertainment, producing music for artists such as Jay Chou, A-mei, and Jolin Tsai.
In 2015, Huang co-founded the live-streaming platform 17 Media, which became Asia's top live-streaming app, selling shares in November 2020 to focus on cryptocurrency investment.
From 2018 to 2021, Huang launched over 10 failed projects, most of which had very short lifespans. The common characteristics of these projects were: anonymous teams, code forks, rapid launches, and quick abandonment, viewed by the community as typical "retail investor exploitation" operations.
Meanwhile, he did indeed incur significant losses in trading, with cumulative losses exceeding $19 million by 2025, including high-leverage failed trades of multiple tokens such as XPL and HYPE.
Trading Aspects: NFT trading losses exceeding $10 million High-leverage trading accumulated losses exceeding $35 million from 2024 to 2025 Frequent use of 25x leverage, multiple liquidations
Regularly setting aside 10% to help those in need can bring more happiness than just losing money. @machibigbrother
Zcash ($ZEC ) surged 16% in the last 24 hours, nearing $587, showcasing strength against the backdrop of an overall decline in the cryptocurrency market.
The technical aspect has formed a double bottom breakout pattern, with increased institutional holdings and a breakthrough of key resistance levels providing momentum for further increases. If it successfully breaks through $600, the next target may point to $748; conversely, it may retrace to support levels of $520 or $485.
$ZEC continues to rise, becoming the brightest star in the declining market, currently showing significant funding fee rate differences across various contracts such as Binance Futures, backpack, and lighter.
Cypherpunk Technologies announced plans to hold 5% of the total ZEC supply (approximately 1.05 million ZEC, worth about $615 million at current prices). This provides substantial buying support for $ZEC . The entrance of institutions has significantly boosted market confidence, providing bottom support for prices.
Saylor shared the differences between three forms of BTC investment in an interview:
1️⃣ Bitcoin Investment Long-term holders directly accumulate coins: If investors do not want to take on counterparty risk, face no additional market volatility, and have the intention of long-term investment, they should buy Bitcoin, as it can be self-custodied and used anywhere in the world.
2️⃣ Bitcoin ETF Investment A short-term investment vehicle: If investors just want to hold Bitcoin as an asset and wish to manage it in a brokerage account, they can purchase ETF products, which are easy to operate and can be used as collateral.
3️⃣ Strategic Stock Investment Want to amplify volatility: If investors believe in the potential of digital credit and wish to gain leveraged returns from digital capital, they can buy strategic stocks (such as MicroStrategy stock MSTR).
According to Bloomberg, SoftBank Group and 'Cathie Wood's' Ark Investment Management will participate in the latest financing plan of stablecoin issuer Tether Holdings. Previously, there were reports that Tether was seeking to privately place about 3% of its shares, raising approximately 15 billion to 20 billion US dollars, with the company's valuation potentially increasing to 500 billion US dollars.
According to The Kobeissi Letter, Bloomberg's U.S. Economic Surprise Index has turned positive for the first time since February this week. Meanwhile, the GDP growth for the second quarter of 2025, initial claims for unemployment benefits, and personal spending data all exceeded expectations. Historically, when the Economic Surprise Index rises and remains positive, the U.S. dollar tends to strengthen.
Additionally, the speculative short positions on the dollar held by asset management companies and leveraged funds have reached their highest level since early 2021.
Multiple well-known asset management companies have collectively revised the Solana ETF application documents. A spot Solana ETF supporting staking features may be listed within a few weeks. Bloomberg ETF analysts are optimistic about this round of revisions and expect the Solana ETF to be listed on exchanges in the coming days or weeks.
Abstract core contributor cygaar stated on platform X that starting next week, liquidity providers (LP) on Abstract will be distributed points (XP).
Eligible currency pairs will include major currencies (ETH, PENGU, USDC, USDT, etc.), and more tokens will be covered after observing the development of liquidity.
Odaily Planet Daily News: The LLONG public chain of computing power asset protocol announces the upcoming launch of the PowerBank Launch Pool, where users can subscribe to the limited edition LLONG Prime Pioneer Medal NFT. This NFT is deeply linked to the validator nodes.
According to official sources, the validator nodes are the core facilities of the LLONG network, responsible for block production and maintaining security. Users bound to Prime will enjoy node dividend rights and priority validation rights, and will have priority access to airdrops and privileges in the future ecosystem.
Plasma on-chain Meme coin's market value once rose to over 14 million USD at trillions, currently reported at 13.6 million USD, with a daily increase of over 248%.
The TRON ecosystem decentralized perpetual contract exchange SunPerp has reached the 10th day of public testing, with over 7000 users, an average daily trading volume of 1.95 million USDT, a total trading volume increase of 6200%, and a single-day trading volume growth of 153.4%. SunPerp will use SUN as the platform token and plans to use platform revenue to buy back and burn SUN. Since the start of public testing, the transfer volume of $SUN on the chain has significantly increased.
Next week, Federal Reserve officials will collectively speak, and the market will focus on the speeches of several Federal Reserve officials at different times, as well as the data on non-farm payrolls in the U.S. for September at 20:30 on Friday.
The cryptocurrency market itself is in a volatile period, and the intensive speeches from Federal Reserve officials next week, along with the release of key employment data, will undoubtedly become the focus of the market. If the U.S. government really shuts down, the impact on Federal Reserve decision-making should not be underestimated; this series of events could trigger significant market fluctuations.
Here are the key points the market will focus on in the new week (all in Beijing time):
Monday 20:00, 2026 FOMC voting member and Cleveland Fed President Mester will participate in a policy panel discussion;
Tuesday 01:30, FOMC permanent voting member and New York Fed President Williams, 2025 FOMC voting member and St. Louis Fed President Bullard will speak;
Tuesday 06:00, 2027 FOMC voting member and Atlanta Fed President Bostic will engage in a dialogue with Delta Airlines CEO on topics such as the Atlanta economy;
Tuesday 18:00, Federal Reserve Vice Chairman Jefferson will speak;
Wednesday 01:00, 2025 FOMC voting member and Chicago Fed President Evans will speak;
Wednesday 07:10, 2026 FOMC voting member and Dallas Fed President Logan will speak;
Wednesday 08:30, Federal Reserve Vice Chairman Jefferson will speak;
Thursday 22:30, 2026 FOMC voting member and Dallas Fed President Logan will speak;
Friday 18:05, FOMC permanent voting member and New York Fed President Williams will speak at the farewell seminar of Dutch Central Bank President Knot;
Friday 20:30, U.S. September non-farm payrolls, unemployment rate, and average hourly wage year-on-year month-on-month. $BTC $ETH
The probability of predicting 'U.S. government shutdown before October 1st' on Polymarket has risen to 71%, with nearly $950,000 in bets. Previously, it was reported that if the U.S. government shuts down, the Federal Reserve's interest rate meeting will face a data gap.
On September 27, according to CME's "FedWatch" data, the probability of the Federal Reserve cutting interest rates by 25 basis points in October has fallen to 87.7%, while the probability of keeping rates unchanged is 12.3%.
According to Coinglass data, in the past 24 hours, the total liquidations across the network reached $178 million, with long positions liquidated at $72.26 million and short positions liquidated at $105 million. Both Bitcoin and Ethereum experienced significant liquidation amounts, indicating high market volatility.
- In the last 24 hours, 93,644 people globally were liquidated, with the largest single liquidation occurring on OKX - ETH - USDT - SWAP valued at $1.989 million. - On-chain whales are showing movement, with Hyper's total profit list top 1 increasing their ETH long positions.
The crypto market has experienced extreme fluctuations in the past 24 hours, with both long and short positions facing significant liquidations, demonstrating the high-risk nature of the market. The actions of whales increasing their ETH long positions may provide some support for Ethereum's price, but market changes are unpredictable, and investors should remain cautious.
Follow Block Doctor for more real-time updates. $ETH $BTC
STEPN has officially announced its participation in WebX2025, with the exhibition scheduled to take place from August 25-26, 9:00 AM to 6:00 PM at the Pacific Meta booth (G-51) within the WebX venue. Attendees must register through the designated Luma link and purchase WebX tickets to gain entry to the event.
To show appreciation for on-site visitors, STEPN has prepared an array of attractive giveaways. Daily attendees can receive first-come-first-served benefits, including exclusive WebX merchandise such as tote bags, and opportunities to participate in a lottery for prizes including STEPNGO shoes (3 winners) and GMTPay $25 rewards (3 winners). The winner announcements will be made through their official account at a later date.
To qualify for these benefits, visitors must meet three requirements: complete registration through the Luma link, create an FSL ID account, and download and register for any of the following applications - STEPN, STEPNGO, or GMTPay. It's worth noting that users with existing accounts are also eligible to participate.
This exhibition provides a valuable offline networking opportunity for both new and existing STEPN users. Whether they are longtime users of the applications or newcomers interested in the ecosystem, all visitors are warmly welcomed at the booth.