October 25 Morning Brief: BTC trades in a range, sentiment neutral
Broad market: $BTC 80,899 (-0.063%)|$ETH 2366.75 (-0.68%)|BNB 744.67 (+0.58%)|SOL 102.48 (-0.068%) Price action is subdued; patience matters more than trading. Top movers: Top gainers: JCT +139.22%, ORDER +52.22%, T +44.84% Top losers: IRYS -65.76%, BIRB -55.89%, IN -32.28% Market sentiment and fund flows: Fear & Greed Index: 54 (Neutral), up 3 from yesterday BTC network-wide account long/short ratio: 2.19, with longs at 68.6% A few headlines today: 1. Peter Schiff: Bitcoin's next support level is $75,000, while ETF holders can't sell over the weekend
Knowledge Card: Layer 2 Networks Layer 2 networks are scaling networks built on top of the Ethereum mainnet. They process transactions on Layer 2 and then submit the data to the mainnet. Optimistic Rollups assume transactions are valid by default and have a challenge period. Withdrawing to the mainnet via the native bridge generally takes about 7 days. When making a transfer, confirm which network you’re using: assets at the same address are separate on different networks. $ARB is the governance token of the Layer 2 network Arbitrum. Current price: 0.1701.
Just listen—don’t follow this as advice. Make your own decisions.
Relax, hear me out: “Unitree is developing an AI system that lets robots improve themselves” is trending. Its ranking on the trending list: climbing fast. The related $WLD (24h -0.36%): the trend is rising, but it’s staying pretty calm. Send this to that friend who always says, “This time is different.”
The data speaks: $JCT plunged 6.01% in 1 hour, with intraday gains totaling +147.98%. The intraday gain is already substantial. There’s no shame in setting a stop-loss; stubbornly holding on until you’re liquidated is the real loss. Share your trading approach in the comments.
$BIRB Overall account long/short ratio: 1.75 (1 hour ago: 1.54) Long: 63.7% | Short: 36.3% There are more long positions. Will the market turn around later?
Hot Topic Watch: “League of Legends” The blockchain gaming sector’s $SAND 24h -2.9%. How long the buzz lasts matters more than how hot it is right now. News can change the pace, but rarely the overall direction; trends still come down to the candlestick chart.
Question: What is a Merkle tree, and why do blocks use one? My answer: Ethereum uses an improved Merkle Patricia Trie to record account states, transactions, and receipts. The block header stores the corresponding root hash. The beauty of a Merkle tree is that a single, very short root hash can “lock in” a huge number of transactions, and any change to even one transaction will be detected. $BTC 80636.01 (-0.61%) If you get it, type 1. If not, keep asking in the comments.
$IRYS 5-minute surge of 2.92%, with 24h trading volume of $2.32 billion. A rally driven by spot buying is more solid than one driven by futures. It matters a lot which side is leading the move. After a rise, holding steady without pulling back says more than simply shooting up sharply.
$JCT 0.006754 (1 hour +41.31%, 4h +54.1%) The first pullback after a rally is critical: a pullback on lower volume is generally healthy, while a decline on higher volume calls for caution. What signal do you usually wait for before making a move?
Just chatting—profits and losses are yours to bear.
Why should you still leave tokens that appear out of nowhere alone? Some scam tokens imitate the names and icons of popular tokens, so you can’t tell whether they’re real just by looking at the name—you need to check the contract address. Here’s the key point: rely on official announcements from the project for legitimate airdrops. Tokens that simply appear in your wallet don’t count as notifications. Back to the market: $ETH is currently at 2369.16 (24h -1.27%). Understanding the rules helps you make informed decisions; it’s not a way to predict the market.
Just chatting—don’t take this as investment advice.
Just a couple of quick thoughts: 0.19 for $ENA —the comments have been waiting for this for a long time (the last time it got here was 4 days ago). It’s finally broken through. At levels like this, I usually don’t focus on whether it breaks through momentarily; I watch to see whether it can hold above the level at the close. I’ve seen too many false breakouts where it moves past the level and then falls back. Like this if you think it makes sense. If you disagree, leave a comment and tell me why.
Guys, this is something you really need to understand: two-factor authentication and anti-phishing codes! The one-time codes in an authenticator app usually refresh every 30 seconds. They’re generated using the secret key saved when you set it up and the current time, so no internet connection is needed. Two-factor authentication means that just having your password isn’t enough to access your account—the other person would also need to get hold of your second verification factor. Back to the market: $BNB is currently at 732.69, down 1.97% over 24 hours. Save this and take a closer look later.
I’m just chatting—don’t take this as investment advice.
$ORDER 15 minutes -6.75% Short-term selling pressure is heavy. Watch to see whether it can find a bottom. Current price: 0.04894. A rebound during a decline is best viewed as just a rebound; don’t rush to call it a reversal. Feel free to share what you’re seeing.
$M hits a 7-day high of 1.0241, breaking above the previous high of 1.0126. The bulls are gaining momentum again! The first pullback after a sharp rally is the best way to gauge the strength of buying pressure.
You bear the risk yourself; this is just discussion.
Transferred $19 million worth of ETH: a wallet linked to Arthur Hayes sent 1,600 ETH each to three institutions. A few versions of this story going around my social feed: Old crypto hands: “Nothing new.” Newcomers: “Does this mean prices are going up?” Me: “Screenshot first, then wait for the market to weigh in.” $ETH 24h -1.44%, which one are you?
I have a habit: when I spot an unusual move like this, I make a note of it and check back later to see how it develops. $SOPH fell below the 0.0015 level (current price: 0.00151, now back above the level). A brief move below doesn’t mean it has held; what matters is which side it closes on.