【LeftLeft Market Alert】SOL falls below the 85 level—is 84 the real bottom or just an intermediate stop? 🧐
Following the 17:30 review of #28 : the level we were watching—“if 84.91 doesn’t hold, look at 84.30”—has now played out. During the 18:00 hour, price fell below 84.91; at 19:01, it dipped to 84.24, reaching the original TP2 of 84.30. At 19:32, it made a new low of 84.20, also breaking below the 11/8 low of 85.02.
But the decline is happening on shrinking volume: 12M U traded during the 18:00 hour, compared with just 3M U at 20:00. Current price: 84.89, 24H -2.0% (Binance spot).
Two things to watch next: ① If 84.20 holds and the 1H candle closes back above 85.02, that would be a rebound after the bears run out of steam. ② A high-volume break below 84.20 would open the way for the next leg down.
Do you think this is a dip-buying opportunity for SOL, or a chance to short the rebound? 👇
【Zuo Zuo’s Market View】BTC’s highs are getting lower hour by hour. Will the bears push it down further? 📉
From 15:00 to 18:00, BTC’s 1H highs were 74,996 → 74,890 → 74,725 → 74,559, moving steadily lower. At 18:00, it hit a new 24H low of 74,115. Current price: 74,318, 24H -0.2% (Binance spot).
Short entry zone: 74,350–74,500 (wait for a bounce; don’t chase) Stop-loss: 74,750 TP1: 74,050 (below the 24H low) TP2: 73,750 (the afternoon low zone on 11/9)
Reason: Four consecutive 1H highs have moved lower, and rebound volume is weak. The 74,350–74,500 zone is the consolidation area that was just broken; a rebound into it could easily get rejected. Invalidation: A 1H close above 74,725 would invalidate the structure.
This is only my personal view. Please manage your position size and risk accordingly.
Do you think it’ll bounce first tonight, or head straight down to 74,000? 👇
ETH has posted five consecutive bearish weekly candles, while ETH/BTC has fallen to its lowest weekly close since mid-July: I don’t see it as a “catch-up rally candidate”
People often ask: BTC has fallen, and ETH has fallen even more—isn’t ETH the better one to buy on the dip first? I see it exactly the other way around. ETH hasn’t been unfairly sold off; it’s simply weaker on a relative basis, and the reasons behind that weakness haven’t gone away.
Binance spot data (11/10 19:05 Taipei time): ETH around 2,092, down 0.7% over 24 hours, with a range of 2,084–2,152; BTC around 74,248 (+0.2%); SOL around 84.5 (-1.6%). Looking at Binance UTC weekly candles (which open and close at 08:00 Monday Taipei time), ETH opened last week at 2,275 and closed at 2,127, down about 6.5%. Its weekly low was 2,060, the lowest price since late August. This was the fifth consecutive bearish weekly candle. From its weekly close of 2,727 at the end of September, it has fallen about 22% in total. Over the same week, BTC fell about 4.5% and SOL about 8.5%. So far this week, ETH’s low is 2,083, still above 2,060, but the current price is only about 1.5% above that level.
Now look at ETH/BTC: it’s currently around 0.0282, with an intraday low of 0.02812 this week—already below last week’s low of 0.02815. Last week’s close at 0.02842 was the lowest weekly close since mid-July. In the week of September 21, it opened at 0.0326; over seven weeks, it has fallen about 13.5%. In other words, ETH isn’t just falling with the broader market—it has been consistently underperforming BTC.
The fund flows are even more direct. Farside shows that US spot ETH ETFs saw net outflows on 9 of the last 10 trading days (10/27–11/9), totaling about $893 million, with ETHA accounting for about $752 million. The first six trading days of November saw total net outflows of about $550 million, with a net inflow of $53 million only on 11/4. This Monday (11/9), there were further net outflows of about $185 million in a single day, with ETHA accounting for about $119 million. In derivatives, ETH perpetual funding rates have recently fluctuated between -0.008% and +0.010%. Two readings were negative on 11/9, while all three readings on 11/10 were slightly positive; overall, rates are close to neutral.
What does this mean? (The following is my own inference.) Funding rates show no obvious one-sided leverage crowding. This decline looks more like a gradual withdrawal of spot and ETF capital than the kind of move that can be cleared out in a single liquidation event. Many people see a low ETH/BTC ratio and think it means “ETH is due for a catch-up rally,” but a low ratio alone isn’t a reason. For a catch-up rally to have fuel, the ratio first needs to stop falling and ETFs need to return to net inflows. We haven’t seen either yet.
My view: In the short term, I see ETH as weaker than BTC, and I don’t consider 2,060 a confirmed bottom. Three things would change my view: First, 2,060 holds, with the weekly candle not closing below it; second, ETH/BTC posts at least one weekly close back above 0.0290 (the closing level for the week of 10/26); third, US ETH ETFs record clear net inflows for two consecutive days, and ETHA is no longer the main source of outflows. I’d also want price to reclaim 2,275 (last week’s open) as confirmation. If ETH falls below 2,060, I’ll look for support lower down rather than treating this as a confirmed bottom. These are just my own criteria for watching the market, not buy or sell signals.
With rules like “what would it take to change my view,” the biggest risk is moving the goalposts after the fact. That’s why I’d rather follow people who make their views public. OWL by @OfficialOwl_AI is a decentralized portfolio strategy platform covering US stocks, ETFs, crypto assets, and commodities. It has deployed strategy vaults across multiple EVM networks, with Robinhood Chain and Arc deployments in progress. Managers can make their allocation ideas into public strategies that can be verified on-chain. As of 10/31, TVL was 7,528,536 USDC, with 4,620 holding addresses. You can first follow managers you’re interested in and star their strategies, then decide whether to subscribe.
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Do you think ETH will hold 2,060 first, or do we need to wait for ETH/BTC to stop falling before it has a chance?
These are only my personal views. Please manage your position size and risk yourself.
【Zuozuo Trade Idea · Review】SOL short #28 TP1 hit. Is the 40-day low zone really unable to hold? 🎯
10:30 trade idea: Short a rebound to 86.10–86.35, stop-loss at 87.15, TP1 at 85.20, TP2 at 84.30.
Result: Filled right at the open. The high afterward was 86.61, so the stop-loss wasn’t hit. At 17:10, a sharp drop to 84.91 hit TP1 at 85.20, for a gain of +1.19% based on the midpoint of the range (without leverage). Record updated to 10W-16L.
Current price: 85.46, 24H -1.5% (Binance spot). TP2 at 84.30 hasn’t been reached yet.
Keeping an eye on two things next: ① Whether this new low of 84.91 holds; if it breaks, watch 84.30 ② If price gets back above 86.15, the bearish structure will take a breather
Win or lose, we review every trade. Did you short this move or are you waiting to buy the dip? 👇
【Zuozuo Market Alert】ZEC down nearly 20% in a week—where’s the next support level? 🧐
In the 11/8 recap, I said: if it fell back below 1,252, bears could take another shot.
Since then, ZEC hasn’t managed to reclaim that level: it closed with three consecutive daily red candles on 11/7, 11/8, and 11/9, and it’s still in the red today. From the 11/6 high of 1,388, it plunged to 1,142.34 at 10 a.m. this morning—a 17.7% pullback.
Current price: 1,154.0, 24H -5.8% (Binance spot). Hourly trading volume this afternoon has shrunk to just a few million U, so selling pressure is easing, but there’s still no convincing rebound.
Watch these three levels next: ① 1,120–1,126: the low zone from 11/2 and 11/3. Holding here could offer some breathing room. ② A move back above 1,180 (the 11/8 low) would signal that the decline has stopped. ③ A decisive break below 1,120 would open the door to another leg down.
Do you think 1,120 will hold, or does ZEC need to find a lower bottom? 👇
【Zuo Zuo’s Market View】SOL’s support held all night has broken—is a bounce a shorting opportunity? 📉
SOL is currently at 86.1, down 2.3% over 24H. Since 01:00, the 86.15–86.30 level was tested repeatedly and held, but it broke straight through at 10 this morning. After bouncing to 88.07 at 23:00 last night, the highs have kept moving lower. Below, the 11/8 low of 85.02 and yesterday’s low of 85.14 mark the lowest zone in 40 days.
Direction: Short (wait for a bounce; don’t chase) Entry: 86.10–86.35 Stop-loss: 87.15 TP1: 85.20 TP2: 84.30 Reason: Overnight support has turned into resistance, highs are gradually declining, and ETH and XRP are also showing weakness. Invalidation: 1H candle closes back above 86.90
This is only my personal view. Please manage your position size and risk independently.
Do you think 85 will hold for the third time, or break straight through?
【ZuoZuo Trade Idea · Review】XRP short #27 stopped out—then it dropped back right after hitting the stop? 😤
The 19:30 trade idea: short at 1.085–1.090, stop-loss at 1.1025, TP1 at 1.0700, TP2 at 1.0560.
Result: entered as soon as the post went live. At 20:01, the low was 1.0797, just 0.0097 away from TP1. Then this 20:00 1H candle rallied all the way up, hitting the 1.1025 stop-loss at 20:38. Based on the midpoint of the entry range, that’s -1.38% (without leverage). This 1H candle also closed at 1.1056, above the 1.0990 invalidation level. The record is now 9W-16L.
The most frustrating part: after spiking to 1.1108 at 20:51, it pulled back. The current price is 1.0981, down 5.8% over 24 hours (Binance spot)—back below the stop-loss level.
Two things to watch next: ① A 1H close back above 1.1108 would be needed to truly break the daily downtrend rhythm. ② If it drops below 1.0797 again, the bearish trend continues—and this stop-loss will have just been swept.
Even after a loss, it’s worth reviewing. If price sweeps your stop and then reverses, would you re-enter? 👇
【Zuozuo’s Market View】XRP falls for the 5th straight day—can 1.08 hold? 📉
XRP is currently at 1.0861, down 6.8% over 24H. At 19:00 today, it just hit a new 24H low of 1.0764. The daily chart has been trending down steadily since the 11/4 high of 1.3414, with each day’s close lower than the previous one. The rebound at 16:00 only reached 1.099, and the push to 1.1019 at 17:00 was also rejected.
Direction: Short Entry: 1.085–1.090 Stop loss: 1.1025 (above the 17:00 high of 1.1019) TP1: 1.0700 TP2: 1.0560
Reason: Daily lows have been moving lower consecutively, rebound volume is weak, and ETH and SOL are also weakening, with XRP falling even harder. Invalidation: If the 1H candle closes above 1.0990, the bearish structure is invalidated.
This is only my personal view. Please manage your position size and risk accordingly.
Do you think XRP will hit 1.07 first, or rebound to 1.10 first? 👇
BTC has posted three consecutive weekly losses, closing at 74,851; spot BTC ETFs saw nearly $1.28 billion in net outflows during the first five trading days of November: I’m still not calling this a bottom
The narrow range around 76,000 over the weekend ultimately failed to hold. Early this morning (around 05:00–06:00 Taipei time), BTC briefly fell to 73,510, and the weekly close also came in below last week’s open. Many people take “it can’t fall any further” as a sign that the decline is over. I see the opposite: after waiting it out, price moved down, and capital is still flowing out.
Binance spot data (11/9, 19:07 Taipei time): BTC around 74,126, down 2.4% over 24 hours, with a range of 73,510–76,200; ETH around 2,108 (-5.7%), SOL around 85.9 (-3.7%). On Binance UTC weekly candles (which open and close at 08:00 Monday Taipei time), last week (the week of 11/2) opened at 78,354 and closed at 74,851, down about 4.5%, with an intraperiod low of 73,510. This is the third consecutive weekly red candle (the week of 10/19: 82,116→80,154; the week of 10/26: 80,154→78,354). The new week opened at 74,851 and is currently down about 1.0%; the current price is only about 0.8% above 73,510.
Capital flows are what I’m most concerned about. Farside shows that U.S. spot BTC ETFs recorded net inflows for four consecutive days from 10/26 to 10/29, totaling about $441 million. But the trend reversed starting 10/30: net outflows of $643 million on 10/30, $399 million on 11/2, and $116 million on 11/3; a small net inflow of $74.6 million on 11/4; then outflows of $430 million on 11/5 and $412 million on 11/6 (IBIT: $403 million outflow). The first five trading days of November saw total net outflows of about $1.282 billion, with only one of those five days recording a net inflow. The latest completed trading day is still 11/6 (Friday); U.S. markets have not yet opened this Monday. In the futures market, the latest BTC perpetual funding rate is around 0.0085%, close to neutral. At least based on funding rates, there is no obvious one-sided crowding.
What does this mean? (The following is my own inference.) In hindsight, the narrow weekend range looks more like a vacuum where “no one was in a hurry to buy” than a return of buyers. BTC surged to 81,196 on 11/4, only to be knocked down to 73,510 a few days later, while ETF capital was flowing out. Until capital turns around, I won’t treat the current price level as confirmation of a bottom.
My view: The first condition I set for myself was that the weekly candle should not close below 74,888. Last week it closed at 74,851—just below that level—so that condition was not met. Next, I’m watching three things: whether 73,510, the new low, holds; whether, after U.S. markets open this week, ETFs record at least one clear day of net inflows and IBIT is no longer the main source of outflows; and whether price gets back above 78,354 (last week’s open). Until these things happen, my view is that weakness is continuing, not that a reversal is beginning. If BTC breaks below 73,510, I’ll reassess where the next support level might be. These are just the thresholds I use for my own observations, not criteria for a reversal.
With rules like “what conditions need to appear before I change my view,” the biggest danger is moving the goalposts afterward. OWL is a decentralized portfolio strategy platform covering U.S. stocks, ETFs, crypto assets, and commodities. It has deployed strategy vaults across multiple EVM networks, with Robinhood Chain and Arc deployments underway. Strategy managers can turn this kind of judgment into a public, on-chain-verifiable strategy. As of 10/31, TVL was 7,528,536 USDC, with 4,620 holder addresses. You can first Follow managers you’re interested in and Star their strategies, then decide whether to Subscribe.
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Do you think BTC will hold 73,510 and rise again, or will it need to search for support lower down?
These are my personal views only. Please manage your position size and risk independently.
【Zuozuo Market Alert】BTC hasn’t broken below the overnight wick low—did it hold on the second test of the bottom? 🧐
In the 13:30 recap, I said to watch whether 73,510 would hold.
Prices drifted lower all afternoon. The low was 73,772 at 15:00, then BTC retested 73,750 at 16:00—240 points above the overnight wick low of 73,510—before bouncing straight back. The 16:00 1-hour candle saw 113 million U in volume, the highest in any hour since the overnight wick.
Current price: 74,297, down 2.1% over 24 hours, and 0.7% off the low (Binance spot).
Watch these three levels next: ① Can it reclaim 74,888? Only then can we say the overnight breakdown has been recovered. ② If it retests 73,750 and holds, the higher-low structure is confirmed. ③ If it falls below 73,510, the second bottoming attempt has failed, and bears are back in control.
Do you see this as a signal that the decline is stopping, or a bounce offering a short-entry opportunity? 👇
【Zuo Zuo Trade Idea · Review】BTC long #26 stopped out. The rebound after the wick couldn't hold? 🩸
10:30 trade idea: Go long on a pullback to 75,150–75,350, stop loss at 74,650, TP1 at 75,900.
Result: After the post went live, price peaked at 75,599 (10:33), still over 300 points short of TP1. The pullback entry was triggered after 10:45, then price continued lower, hitting the 74,650 stop loss at 13:02. That's -0.80% based on the midpoint of the entry range (without leverage). Record updated to 9W-15L.
Current price: 74,528, 24H -1.8% (Binance spot).
Watching two things next: ① Whether the overnight wick low of 73,510 holds. A break below would mean a second test of the lows. ② Only a move back above 74,888 would mean this stop-out was just a shakeout.
Taking a loss doesn't mean skipping the review. Did you hold this time, or did you stop out too? 👇
【Zuozuo’s Trade Setup】BTC wicked down to 73,510 overnight, then bounced back. Was this a shakeout? 🐂
The “below 74,888 = bears are back” call I posted Sunday played out at 5 a.m.: 1H volume hit 180 million U, with a low wick at 73,510. But it didn’t make a new low after that. At 09:00, it retested the low at 74,693—each dip higher than the last. Current price: 75,490, up 2.7% from the low (Binance spot).
📌 Direction: Long BTC Entry: 75,150–75,350 (wait for a pullback) Stop loss: 74,650 TP1: 75,900 TP2: 76,200
Reason: After the high-volume wick, price quickly reclaimed 74,888; selling pressure was absorbed. TP1 is the consolidation zone before the wick, and TP2 is the 24H high. Invalidation: 1H candle closes back below 74,700
Track record: 9W-14L. This is just my personal opinion. Please manage your position size and risk accordingly.
Do you think this wick was a shakeout or a continuation of the downtrend? 👇
【Zuo Zuo Weekly Trading Report】📉 3 wins, 7 losses this week. Win rate: 30%. Here are all the numbers.
This week (11/2–11/8), 10 trades were settled (2 other unfilled orders were canceled and excluded): 3W-7L, 30% win rate, total -3.96%, average -0.40% (midpoint of entry zone, unleveraged)
ETH long SL -0.87%|NEAR short TP1 +1.69%|NEAR short SL -1.74%|SOL long SL -1.07%|ETH long SL -0.75%
HYPE short TP2 +3.34% (best)|ZEC long SL -1.60%|BTC short TP2 +1.15%|ZEC long SL -2.59% (worst)|ZEC short SL -1.52%
This week's lesson: Several long trades came close to TP1, then turned around and hit the stop loss. The short trades taken at night, on the other hand, played out fully. Going forward, once a trade is in profit, move the stop loss to breakeven—and don't keep switching directions on the same asset. All 3 ZEC trades this week were losses.
Personal opinion only. Please manage your position size and risk yourself.
SOL’s rebound has been completely erased: less than 2% above the 11/5 low, and ETFs have had no net inflows on any of 10 consecutive trading days. I’m not calling this a bottom yet.
The bullish candle that pushed SOL near 98 on 11/4 was completely erased in just three days. In this downturn, SOL hasn’t just fallen along with the broader market—it has also steadily weakened relative to BTC.
Binance spot data (11/8 20:07 Taipei time): SOL around 89.73, down 0.2% in 24 hours, trading in a range of 88.73–90.15; BTC around 75,989, unchanged; ETH around 2,241, down 0.1%. On the 11/4 daily candle (Binance UTC daily candles, which open and close at 08:00 Taipei time), SOL hit a high of 98.14 and closed at 95.61. On the 11/5 daily candle, it hit an intraday low of 88.30 and closed at 89.33. The current price is about 6.2% below the 11/4 close and about 8.6% below the 11/4 high, and only about 1.6% above the 11/5 low. SOL/BTC is around 0.001181, down about 6.2% from its 10/28 close of 0.001259.
There’s no follow-through from fund flows either. Farside shows that U.S. spot SOL ETFs had no net inflows on any of the 10 consecutive trading days from 10/26 to 11/6 (the most recent U.S. trading day; markets are closed on weekends): there was a net outflow of $27.7 million on 10/29, followed by another net outflow of $24.2 million on 11/6 (BSOL: -$14.4 million). Since 10/19, cumulative net outflows have totaled about $114 million, with just one day of modest net inflows—$600,000 on 10/21. In the derivatives market, the latest SOL perpetual funding rate is around 0.009%, slightly positive but not high. At least based on funding rates, there’s no obvious sign of overcrowded shorts.
What does this mean? That move on 11/4 looked more like a broad-market risk rebound than a return of buying interest in SOL itself. BTC and ETH are both hovering near their lows, while SOL can’t even hold its relative strength against BTC, and money is still slowly flowing out of its ETFs. In a market like this, weaker coins are usually the last to be bought back.
My take: SOL is worth watching, but I wouldn’t consider around 89 a bottom right now. I have three conditions to watch for: a daily close holding above the 11/5 low of 88.30, followed by a move back above 92; at least one clear day of net inflows into U.S. spot SOL ETFs; and SOL/BTC finding a floor and moving back above 0.0012. None of the three conditions has been met yet. For now, it’s just “grinding near the lows,” not “starting a reversal.” If it really breaks below 88.30, I’ll wait for the next support level to be confirmed rather than rushing to buy the dip.
With rules like “what conditions would make me change my view,” the biggest risk is changing your story after the fact. OWL is a decentralized portfolio strategy platform covering U.S. stocks, ETFs, crypto assets, and commodities. Strategy vaults have been deployed on multiple EVM networks, with Robinhood Chain and Arc in progress. Strategy managers can turn views like this into public, on-chain strategies that anyone can verify. As of 10/31, TVL was 7,528,536 USDC, with 4,620 holder addresses. You can first Follow managers you’re interested in and Star their strategies, then decide whether to Subscribe.
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Do you think SOL will hold above 88 and rise again, or does it need to break below the 11/5 low first?
This is just my personal opinion. Please manage your position size and risk accordingly.
【Zuo Zuo Market Alert】🧐 BTC moved just 500 points all day. A reversal before the weekly candle closes?
As I said yesterday: a drop below 75,790 means we’re still range-bound. It broke below that at 23:00 last night. Today’s low was 75,571.08 at 05:00, but it didn’t touch 74,888, and it didn’t climb back above 76,378 either.
The 24H range was just 75,571–76,080, a 0.67% swing. Most 1H trading volume was between 7 million and 34 million U—nowhere near the frequent 100-million-plus volumes we saw midweek. It’s been a low-volume sideways market. Current price: 75,899.
The week opened at 78,354, and the weekly candle is still down 3.1% so far.
① Weekly close (Monday 08:00): holding above 75,571 keeps us range-bound; wait for volume to pick up on Monday ② A high-volume 1H close above 76,378 would be the first real break of the bearish structure ③ A drop below 74,888 would break this week’s low and put the bears back in control
The thinner the volume gets, the more cautious you should be about sharp wicks. Are you staying flat over the weekend, or have you already positioned for a move?
【Zuozuo Trade Idea · Review】❌ ZEC short stopped out; a rebound surged past 1,266
Trade idea #25: Today at 10:30, shorted ZEC at 1,242–1,252, with a stop at 1,266, TP1 at 1,224, and TP2 at 1,205. The rationale was that after breaking below 1,306, the morning highs were moving lower.
After entry, the low reached 1,237.73, just 13.73 short of TP1. At 11:31, it surged to 1,272.42, triggering the 1,266 stop; the 11:00 hourly candle also closed at 1,264.18, above the 1,262 invalidation level. Current price: 1,264, 24H -3.9%; BTC: 75,846, 24H -0.2% (Binance spot).
Result: Based on a median entry of 1,247, the stop-out resulted in a -1.52% loss (without leverage). Record: 9 wins, 14 losses.
What to watch next: ① A sustained hold above 1,266 and a high-volume break above 1,272 would invalidate the bearish structure. ② Bears will only have a chance to take control again if price falls back below 1,252.
After your short gets stopped out by a rebound, would you wait for price to break below 1,252 again before reassessing, or stand aside for now? 👇
【ZuoZuo’s Trade View】ZEC broke below 1,306 and has been stair-stepping lower ever since. Another leg down? 🐻
BTC is hovering around 75,700, but ZEC is down 8.0% over 24H, currently at 1,244, after sliding all the way down from a high of 1,356. Yesterday’s review said “a high-volume break below 1,306 = the morning rally is over”—and that played out. This morning’s rebound highs have been getting lower: 1,274 → 1,264 → 1,259 (Binance spot).
Reason: Two ZEC long positions were stopped out one after another, and the structure has weakened. Rebound highs are stepping down, and ZEC falls even when the broader market doesn’t. Invalidation: 1H close back above 1,262
Track record: 9W-13L. Personal opinion only. Please manage your own position size and risk.
ETH gave back all its post-election rebound: less than 2% above the 11/5 low, and ETF outflows have resumed for two straight days. I’m still not calling this a bottom
That surge toward 2,450 on 11/4 came fast—and was completely erased just as quickly. Among the three major coins, ETH has pulled back the most from its high, and its relative strength against BTC has faded too.
Binance spot data (11/7, 23:04 Taipei time): ETH around 2,245, up 1.0% over 24 hours, with a range of 2,210–2,254; BTC around 75,916, up 0.8%, with a range of 74,888–76,250. ETH closed at 2,424.61 on the 11/4 daily candle, with a high of 2,450; on 11/5, it closed back at 2,238.01, after hitting an intraday low of 2,206.28. The current price is about 7.4% below the 11/4 close and about 8.4% below the 11/4 high—just 1.8% above the 11/5 low. ETH/BTC is around 0.0296, down about 1.9% from its 11/4 close of 0.03013.
The fund flows hardly support the idea that “institutions are buying ETH again.” Farside data shows that after U.S. spot ETH ETFs saw consecutive net outflows of $139.7 million and $85.3 million on 11/2 and 11/3, they recorded a $53 million net inflow on 11/4 (ETHA +$32.8 million, while ETHB still saw $22.4 million in outflows). Then came a $99.9 million net outflow on 11/5, followed by another $93.3 million outflow on 11/6 (ETHA -$90.8 million). Across the first five trading days of November, net outflows totaled about $365.2 million, with only one of those five days seeing a net inflow.
The macro backdrop hasn’t given risk assets any relief either. The BLS reported 165,000 new jobs in October and an unemployment rate of 4.1%. Employment was stronger than the recent average, and over the weekend ETH just hovered around 2,200–2,250—there was no “data is out, so prices are rising” move.
What does this mean? The 11/4 surge looks more like a short squeeze/risk-positioning rebound after the election results came in, rather than ETH outperforming on its own. Price first touched 2,450, but flows only showed a net inflow for one day; over the next two days, nearly $193 million flowed back out. The daily candle also gave back the rebound, and ETH/BTC fell along with it. A genuine bottom isn’t about briefly touching 2,400 intraday—it’s about whether inflows can persist and price can move away from the lower end of the 2,200 area.
My view: ETH is worth watching, but I’m not ready to call this rebound a bottom. Here are the three conditions I’m watching: the daily close holds above the 11/5 low of 2,206 and gets back above 2,300; U.S. spot ETH ETFs see at least one more day of net inflows, ideally with ETHA turning positive too; and ETH/BTC climbs back above around 0.030 (near its 11/4 close). Until all three conditions are met, today is just “giving back the rebound and hovering near the lows,” not “the start of a rally.”
OWL is a decentralized portfolio strategy platform covering U.S. stocks, ETFs, crypto assets, and commodities. Built on ERC-4626 vaults, it has deployed strategy vaults across several EVM networks, with Robinhood Chain and Arc deployments in progress. Rules like “what conditions need to be met before making an adjustment” can be turned by strategy managers into public, trackable on-chain strategies that can be verified afterward. As of 10/31, TVL was 7,528,536 USDC, with 4,620 holder addresses. You can first Follow managers you’re interested in and Star their strategies, then decide whether to Subscribe.
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Do you think ETH will hold 2,200 and rise again, or will it first break below 2,206?
For personal views only. Please manage your own position size and risk.
【Zuo Zuo Market Alert】🤔 BTC quietly climbed back to 76,200. Should the bears pull out?
During this morning’s review of the #23 short position, I said: if price reclaims 76,050–76,200 on increased volume, stop chasing shorts.
Price has indeed come back: today’s 11:00 low was 75,790, followed by a steady climb on the 1H chart, reaching 76,249.99 at 17:00. That’s a 1.8% rebound from last night’s low of 74,888.
But volume hasn’t followed at all: last night’s 23:00 1H candle saw 181 million U in volume, while this afternoon’s hourly volume was only around 16 million U. This is a slow, low-volume weekend climb—not a high-volume reclaim.
① A high-volume 1H close above 76,378 (the 24H high) would be the first real break in the bearish structure. ② A drop back below 75,790 means we’re still ranging; the rebound hasn’t taken hold. ③ A break below 74,888 (last night’s low) means the bears are back in control.
With a low-volume weekend rally like this, would you take a position, or wait to see if volume picks up on Monday?
【Zuozuo Trade Idea · Review】❌ ZEC long stopped out; relative strength didn't hold up this time
Trade idea No. 24: Today at 10:29, went long on ZEC at 1,348–1,358, with a stop loss at 1,318, TP1 at 1,388, and TP2 at 1,420. The rationale was a bounce after holding the 1,317–1,324 pullback zone.
After entry, the price reached a high of 1,356.08, still 31.92 short of TP1. At 12:43, it fell below 1,318 and triggered the stop loss. The 12:00 hourly candle also closed at 1,316.66, below the 1,325 invalidation level. It later hit a low of 1,306.06 and is now at 1,314, still up 5.2% over 24 hours (Binance spot).
Result: Based on the average entry price of 1,353, the stop-loss exit resulted in a -2.59% loss (no leverage). Record: 9 wins, 13 losses.
What to watch next: ① Holding above 1,306 and reclaiming 1,325 would be needed for strength to return ② A high-volume break below 1,306 would bring this morning's strength to an end, for now
After this stop-out, would you wait for ZEC to reclaim 1,325 before taking another look, or switch straight to another coin? 👇