是静待花开

Now on Ethereum, there is an interesting phenomenon where more and more decentralized exchanges (DEX) are having their trading volume not go through the public mempool, but instead sent directly to miners/builders through private channels to avoid being seen and exploited by others.

This also indicates that DEX is gradually maturing.

If using the public mempool, for example, clicking "swap" on a DEX, the user's trade is broadcasted to the Ethereum public mempool, which is a waiting area visible to everyone; at the same time, MEV seekers monitor the mempool in real-time, and if they see a large order from that user, they immediately front-run or perform a sandwich attack on the user. The user gets squeezed, causing discomfort and increased slippage.

MEV predators place a transaction before and after the user's trade, sandwiching the user's transaction in the middle. The first transaction buys the same token, driving up the price, the user's transaction executes in the middle, and they can only buy at the inflated price. Immediately after, the second transaction sells the previously bought token, pulling the price back down, thus profiting.

Mature DEXs often skip the public mempool; good wallets or aggregators default to using private RPCs (such as flashbots protect/eden network, etc.), so the user's trades are not broadcasted to the public mempool but are sent directly encrypted to professional block builders. After receiving private orders, builders try to refund a portion of the MEV profits, so they won’t be sandwich attacked. By 2025, large transactions on Ethereum in the public mempool have become increasingly rare.

So, what does this mean for ordinary users?

Using mature wallets/DEX + default RPC for exchanging tokens, generally, they won’t be sandwich attacked; slippage and gas fees are much lower than in the previous cycle, and they will receive a portion of MEV refunds; however, smaller transactions, such as those below 1000U, may still enter the public mempool, mainly due to the lower MEV profits.

Only one cycle has passed, and Ethereum's DEX has evolved from a public bidding environment where the highest gas wins the block and sandwich attacks are prevalent, to an era where more and more orders are going through private channels, with opportunities to reclaim rebates.

Recently, the trading volume of the FIR project on the Binance Alpha platform has shown a significant growth trend. This project is centered around the integration of artificial intelligence and the music industry, creating an innovative ecosystem. Currently, several music works within the ecosystem have received a good market response, such as the song "Cheng Guang Zhu Meng" sung by Kay Tse, which has exceeded 100 million plays on the Tencent Music platform and ranks high on the charts, continuously generating considerable copyright revenue.
The latest announcement from the project team indicates that, according to its development plan forecasts, the annual revenue based on music copyright is expected to reach over 30 million US dollars by 2026. At the same time, the platform plans to officially launch the "Copyright Pledge Pool" function at the end of December, at which point all liquidity providers of FIR-LP will be able to proportionally share 50% of the revenue distribution from this pool, which will be settled in USDT.
Currently, the total market value of the FIR project is approximately 6 million US dollars and is still in the early stages of development. As trading volume increases and related positive news gradually materializes, there is potential for growth in its market value. Investors should cautiously monitor the project's progress in conjunction with their own risk tolerance, and be aware that digital asset investments carry high risk, with significant price volatility; rational judgment and cautious decision-making are recommended.

#fir

来来来，
这里bob做空很有性价比了，

0.025附近上下空，止损放0.028这里合适。

突破新高不知道去哪里了，

突破不了，随便回踩一下就行20~30%的跌幅，

甚至50%也有可能，

我先上车了。

The death cross on the ETH monthly chart has just formed in the past few days. In the trend over the next three months, it is possible that the movement will be consistent with that of February to April, experiencing a monthly five consecutive bearish trend. Because it cannot hold above the middle Bollinger band of the monthly chart (3050) and move towards the upper band (4400), the probability of moving towards the lower band is very high.

In December, your wallet assets will soar, advancing without hesitation, rising step by step, moving forward effortlessly, taking off wildly, and the future will be bright.

Your father-in-law will want to offer cigarettes after seeing this, and your ex-girlfriend will reach climax after seeing this.

You are the best, you are the best, you are the best!
Yes.

I am the best, I am the best, I am the best!
December will definitely be my time.

Connect, connect, connect.

Yesterday, Vanke's bond stock 02 plummeted over 30%, and today its corporate bond stock 06 has also plummeted by 27%. If Vanke faces a crisis, many who bought houses through mortgages will likely default next year. This year, hundreds of thousands of houses have already been defaulted on nationwide. Now, major banks are auctioning new and second-hand houses on Alibaba's assets, with prices in Beijing, Shanghai, Guangzhou, and Shenzhen dropping to hundreds of thousands per unit. In the future, people will directly buy houses from banks without needing to contact developers.

Many people believe that the turning point of a bull and bear market
is the highest and lowest points
That is when the candlestick chart has completed, viewed from the rearview mirror of your analysis
If you try to predict the market
Then the interest rate cut in August is a typical turning point of the bull and bear market

At that time, capitalizing on the good news to sell off
The market did not rise but fell, marking the first instance of multiple interest rate cuts
Subsequent rate cuts were similar
Although it rose by 1000u from 12.45 to 12.6 later
However, after 12.45, it was almost impossible for bulls to make a profit
Even if it reaches 12.6, losses would quickly accumulate
Thus, the interest rate cut in August truly marked the beginning of the bear market

That was when we could feel the bull and bear switch in the market
Instead of summarizing the turning points of candlestick charts after the fact
You will never improve by only analyzing the candlestick turning points
Only by truly participating in the market do you understand what I am talking about

In August, I foresaw a bearish future
By the end of November, I saw a bullish trend for the coming months
Time will reveal the answer
Just be patient and wait.

BTC and ETH have both experienced a defensive rebound repair, which has somewhat stopped the bleeding of market sentiment.

November is one of the worst months since the Bitcoin ETF was launched,

with approximately 3.6 to 3.8 billion USD flowing out over the entire month, indicating that the main tone of large capital is to withdraw.

In the past few days, about 150 million USD has flowed in, which includes some bold bottom-fishing funds and some tentative entry funds, appearing quite insignificant compared to the outflows of the main players.

The bottom-fishing mentality of institutions and retail investors is similar now, taking advantage of prices dropping to the 80,000 to 90,000 USD range, buying a little to balance their positions, not because they expect a significant rise in the future and are increasing their positions.

Another interesting detail is that in recent days, $ETH has been more popular than $BTC, with four consecutive days of net inflow into the ETF; the reason is simple, bottom-fishing funds tend to look for assets that have dropped more and offer better value.

Compared to the ETF capital structure, on-chain behavior is more transparent and makes it easier to see investor trends.

On-chain data shows that in recent weeks, short-term holders have been selling coins at a loss, with approximately 65,200 Bitcoins panic-sold into exchanges.

Long-term holders (especially those who bought at low levels) have been continuously cashing out at high levels of 100,000 to 120,000. Even now, as prices have dropped, they are not in a hurry to bottom-fish, continuing to observe and even selling slightly.

Conversely, most long-term holders believe that the current price (around 90,000) may not be a bubble and is not cheap enough to warrant a bulk purchase.

In reality, even if BTC has dropped to 90,000, 62.4% of the circulating supply is still in a profitable state; a large-scale rebound in the market will undoubtedly enhance the selling motivation of these long-term holders, placing the crypto market in a stalemate state, which is also a common issue driven by liquidity.

Ideally, the market needs a long time (six months or even a year) to consolidate, digest the selling pressure from above, and wash the chips again to prepare for the next significant surge, but we cannot rule out the possibility of a rapid deterioration in the macro environment; if that happens, this rebound will appear more like a chance to escape.

BTC Market Analysis:

Bitcoin has shown a strong rebound due to tariff issues, directly breaking through the 90,000 level, and temporarily surpassing the pressure around 91,300. Watch for the possibility of an effective breakthrough!

From the current trend, it is not sufficient to consider this as a reversal; further expansion is needed. The support mentioned multiple times before at 92k can now turn into resistance. If there are no short positions, one might consider a small short near 92k.

If this wave of rebound ends and a decline occurs, the first support to pay attention to below could be around 88k!

Meme on BSC is now like an assembly line:

First, promote your own meme to create momentum → Attract traffic on the BSC chain → Finally sell on-chain stocks

This time, even emotions and product strength are not important; just having an alpha is considered successful

To put it bluntly, it's like passing the buck; whoever runs slowly takes the hit

SOL MEME is the same, just old dishes cooked anew; I directly ignore those without bottom chips

The best strategy during a gap period: watch less and act less, wait for the real new narrative to come out before speaking.

The Four Stages of Meme

The first stage is to hype the name, like Binance Life, this name is great

The second stage is to hype the narrative, like 4, hackers release, retail investors take over

The third stage is to hype the mechanism, like Giggle, which has a tax mechanism and does a bit of good

The fourth stage is to hype DEV construction, like Ping, DEV needs to build a launch pad, release NFTs, and create an ecosystem. The risks are also relatively high; if it succeeds, it takes off, if it fails, it goes to zero.

The current data shows that the probability of a 25 basis point rate cut in December has reached 83%. Sometimes market changes happen so quickly; the lone wolf sold off when it dropped to 30-40 and later pulled back to the starting point of 65.

Last week, a god saw 80,000, then it really dropped to 80,000, and now it has opened at 70,000. Black brother sold at 90,000 and said he wants to go to 50-60,000. Now he has started to rebuild his position again.
Doves, bottom fishing ended up buried, scared and no longer daring to act.
On-chain calm order king 81 sold off 82 heavily shorted.

But after several Federal Reserve chairmen spoke, the real fundamentals are all dovish statements. On December 1st, the official stop of the tapering will begin. What will the ghostly December be like?

Everyone has their own answer in their hearts, place your orders according to your own predictions.