MC-ky

🐈$0.00009-$0.0001, remember this range, history does not repeat itself, but it often is remarkably similar
⚠️ At this moment, the market is undergoing its final tempering! When all the shaky chips are rushing to exit, and the indicators are repeatedly scraping the bottom, this is the most cruel yet the fairest moment
💰 True wealth never emerges from bustling places, but is hidden when no one is paying attention
🚅 The starting point for a turnaround in life is right at 8:30 PM tonight on the MC Wealth Express

There’s an interesting comparison in the Bitcoin ecosystem these past couple of days.

First, on the exchange side: Bitget, starting October 2, stopped BRC-20 withdrawals. The reason given is “improving the trading experience,” and it doesn’t say when it will resume.

Then, on-chain: UniHexa has listed trades for UNCOMMON•GOODS. Right now, the Runes it supports for trading are three—UNCOMMON•GOODS, DOG, and MIM. BRC-20 says it will add more later.

Some people reacted very directly. They posted saying, “You can trade DOG now—quick, withdraw the DOG from Bitget.”

On one side, the withdrawal channel is closed; on the other, trading pairs are opened on-chain. Taken separately, neither of these is a big deal. Put together, though, it’s pretty interesting: things haven’t disappeared—they’ve just been moved to a different place.

#fractalbitcoin #bitcoin

Would you feel more at ease keeping your assets on an exchange, or in your own wallet?

There’s just one more window on-chain.

The EZbot version’s mempool browser is now live at ezbot.vip/mempool. What can it show? The batch of transactions that are currently queued and waiting to be packaged—the fee amount, how many transactions, how many are Alkanes, how many are Runes, and how many are BRC-20.

Before, you either had to run a node yourself or only get a rough idea. Now, you can just open a webpage.

The author, 0xquqi, also mentioned something else: the “BTC New Protocol Recognition” section in the previous “launch/airdrop” panel was taken offline that night and moved into the mempool. I think this is more informative than the browser itself—basically, the ability to recognize new protocols has moved from a “launch tool” down to “low-level, inspectable data.”

For people working on-chain, the value of tools like this isn’t that they have more features, but that they turn the previously black-box parts transparent. Whether fees are going up or down, which protocol is crowding the mempool—these used to be guesses.

#fractalbitcoin #bitcoin $BTC

What part of on-chain data do you think should be visualized the most?

Bitget paused BRC-20 withdrawals starting from 18:20 on October 2. The announcement said the reason was “to improve the trading experience,” with the time for resumption to be announced separately. A month before that, on August 2, there was another deposit and withdrawal suspension at the same time; that time, the stated reason was “wallet maintenance.”

Viewed together, it’s clear that on the exchange side, the channel for BRC-20 is being closed. At the same time, the activity on-chain did not stop: on Alkanes, the first collection, Aries Orbitals, has already been minted, with 3,000 cards distributed across 1,221 addresses; on Alkanes, the Cheese Vault farm is still releasing by block.

These two things aren’t contradictory—the exchange is handling an older asset standard, while the chain is running the newer one. Where funds and attention go is often not decided by the announcement; it’s decided by which side still has things you can do.

$BTC $FB #Bitcoin #BRC20

As for your BRC-20 right now—are you still withdrawing it from the exchange, or did you move it onto the chain to play with it directly long ago?

$BTC Yesterday there were a total of 593,742 trades, of which 308,870 were on the “Yuan” protocol, accounting for 52.0%—up 21.3% from the day before.

This isn’t price; it’s usage. Alkanes, Runes, and BRC-20 are all counted within this metric. If their share is more than half, it means the Yuan protocol is no longer just a side corner.

On the Alkanes front, there’s still more being added. A new third-party launchpad, @OpenOrbiting, is live. The first collection, Aries Orbitals, has been listed on @fairmints. It can select rare items by attributes, and it can also list orders for buying and selling. SUBFROST’s self-developed AMM for Alkanes splits the 1.5% fee into three parts—0.5% to market makers, 0.5% for buyback-and-burn of FUEL, and 0.5% for buyback-and-burn of FIRE or DIESEL.

There’s also an irony: @CG_BRC20 said today that UniHexa releases 40 whitelist spots per day on a first-come, first-served basis. Each spot corresponds to tokens worth about $50, yet it still doesn’t fill the allocation.

In the Bitcoin ecosystem, what it’s really lacking right now—new assets, or people who are actually willing to trade on it?

Bitcoin touched 87,000 yesterday and is now below 85,000. Guess whether, on the same day, the US Bitcoin spot ETFs were buying or selling?

The answer is buying. On October 2, there was a net inflow of $102.7 million. BlackRock’s IBIT alone added $195.6 million; Fidelity’s FBTC withdrew $60.7 million; Grayscale’s GBTC withdrew $31.4 million—some people were buying while others were selling, but in total it was positive.

Looking at it side by side is even more interesting: the previous trading day (Wednesday) saw a net outflow of $148.7 million. Two days—two directions.

And on the very same day, Ethereum spot ETFs had a net outflow of $55.4 million, with the direction exactly opposite.

So the question “are ETFs buying or selling?” can’t be answered with just a one-day snapshot. You have to look at a week.

$BTC $ETH
#Bitcoin #ETF #Crypto

On the same chart, one-day and one-week figures often give you opposite answers—how many days of inflow behavior do you want to look at?

USDT is returning to the Bitcoin mainnet—this is not a small matter

@WuBlockchain on CoinDesk’s report: The Bitcoin payment infrastructure project Utexo, backed by Tether, plans to issue USDT on the Bitcoin mainnet this month. Co-founder Viktor Ihnatiuk said the company has already obtained a business license and will provide an API.

Why it’s worth mentioning separately. USDT mainly runs on chains like Ethereum, Tron, and Solana right now. Moving it onto the Bitcoin mainnet means two things: first, native Bitcoin payments and settlement gain another stablecoin option; second, the mainnet is no longer just a place to “hold coins”—it’s starting to take on issuance.

What’s interesting is that, almost at the same time, Fractal is also doing something in the same direction. After the September halving, 50% of the newly saved coins will be redirected to the Bitcoin mainnet for native distribution.

The two paths are different, but the direction is consistent: both are moving things onto the Bitcoin mainnet.

I want to ask friends working on the BTC ecosystem: what do you think will be the first truly live use case for a stablecoin on the mainnet?

$BTC #bitcoin #USDT

Bitcoin rises for two straight days, but the one pushing it is still the bears

Bitcoin is above $86,000 today, up about 2.8% over the past 24 hours. Ethereum is near 2,730.

This is already the second consecutive day of price movement driven by the bears. Over the past 24 hours, the entire market saw liquidations of $263 million, with short positions accounting for 80.87%. Bitcoin itself accounted for $132 million of that, and 96% of it was liquidation caused by shorts.

But there’s one change worth noting: yesterday’s liquidation wave was $648 million; today it’s $263 million. Trading volume is clearly shrinking.

What does this mean? It’s still too early to draw conclusions. Bear repositioning can eventually get exhausted, and a trend pushed up by short liquidations has a natural ceiling. The real turning point is in the days ahead: whether new spot buying comes in to take over. On-chain indicators—such as new addresses, active addresses, and on-chain transaction volume—haven’t yet reached their two-month highs. In other words, we haven’t seen it yet.

I want to ask traders who are doing derivatives: in a move like this—two straight days of price action driven by short liquidations—how would you handle your short positions?

$BTC #Bitcoin

Bitcoin breaks 85,000, but the main force pushing it up isn’t the buyers

Today Bitcoin touched $85,000, a new eight-month high. In the past 24 hours, the entire market saw $750 million in liquidations, including $648 million from short sellers being forcibly liquidated, and 136,000 positions being wiped out.

The mechanism behind this is worth explaining clearly: when the price is pushed upward, short sellers have to buy in passively to close their positions. Those buy-ins then keep pushing the price higher, creating a self-accelerating loop. So a large part of the fuel for this rally comes from the short sellers’ own money.

But there’s one more data point to consider together. Santiment says that the number of new addresses, the number of active addresses, and on-chain transaction volume have all not yet reached their two-month highs. In other words, while the price is rising, the network itself isn’t that hot.

This doesn’t, by itself, constitute a bullish or bearish argument—it only suggests the nature of this upswing: right now it looks more like short-covering rather than new spot demand. Whether spot demand has followed through remains to be seen in the coming days.

I want to ask people trading derivatives: in a market like this—where “shorts get liquidated and price gets pushed up”—do you usually chase it, or do you wait for it to retrace and confirm?

$BTC

MetaMask is in trouble, but it’s not your wallet that’s in trouble

Today, MetaMask said it is handling a security incident affecting some core infrastructure, and emphasized that it has not found any direct threats to users’ wallets at this time.

As a precaution, it has proactively exited staking validator nodes running through Lido—amounting to 17,000 nodes. The affected nodes will be gradually taken offline by 10/7, and the related ETH will be fully withdrawn, which may take up to 45 days.

Here’s the counterintuitive part: what’s “in trouble” is the “infrastructure,” not the “wallet private keys.” To users these two things may feel like the same problem, but technically they are completely different—the former is a server, while the latter is the mnemonic phrase you have in your hands.

But “non-custodial” also comes with a cost. The coins are indeed yours, and when something goes wrong, nobody will step in to cover you. Withdrawal means you’ll have to queue and wait.

For those actually using staking: after this, will you also treat the “company operating validator nodes” as a kind of risk?

#MetaMask安全事件后撤出Lido验证节点

$ETH

Trump calls for Powell to resign from the Fed “immediately,” and says he should be prosecuted if he doesn’t

📌 The reason: the Federal Reserve headquarters renovation budget overran. He said the project would cost at least $2.5 billion—possibly $3.5 billion or even $4 billion—while he could finish it himself with $25 million.

🔍 But a report by the Fed’s Inspector General did not itself find any wrongdoing. The report points to management shortcomings—for example, the board didn’t receive施工成本估算 (construction cost estimates) until January 2026, and as of July 2026 they still hadn’t set the maximum guaranteed price. The conclusion was that there was no basis for a criminal referral, nor any finding of administrative wrongdoing.

⚠️ So the key isn’t “what problems were found,” it’s “using an unconviction report as justification.” Fed governors can only be removed “for cause,” but what that “cause” is—nobody can say clearly right now.

🔗 Why this matters for crypto: On the same day, the U.S. 10-year Treasury yield hit 5.27%, the highest since 2007; the 30-year is around 5.6%. Long-end yields act as a pricing anchor for global risk assets. The higher they are, the more uncomfortable all high-risk assets become. When the Fed’s independence is called into question, the long end will demand an additional layer of risk premium.

A quick irony on the side: August PCE year-over-year came in at 3.4%, below expectations—good news for data; but after gold surged above $4,200, it fell back to around $4,150. Data and price action are moving in opposite directions, suggesting what’s being priced isn’t inflation, but something else.

If the Fed’s independence is truly weakened, do you think the market would first reflect it in the U.S. dollar, or first in long Treasuries?

#bitcoin #crypto #Fed

Airdrop featuring “silent payments,” but when you claim it, they ask you to fill in a normal address

📌 $SHHHHH Today, claims are open.

🔍 The controversy is in the process: the project has been touting a “silent payment airdrop,” yet in reality, during claiming, your SP1 wallet’s money needs to match the address submitted to the X account, while your BC1P wallet must enter a regular UniSat address.

⚠️ The whole point of silent payment is precisely that it doesn’t disclose a fixed address—your receiving address changes every time, so others can’t link your transaction records together. If this claiming step reverts to a normal address, then half of the earlier pitch goes hollow.

🔗 And the fee issue is also indeed on the high side: the project says it’s about $2.5, but on the pie chain right now, minting a BRC-20 only needs about $0.42 on average with a 0.5 fee rate.

I haven’t verified the project’s explanations for these two points, so I won’t draw a conclusion—I’m just placing the two claims side by side.

Whether an airdrop is worth claiming depends on whether you look at what it sends, or whether it delivers it in the way it advertised?

#bitcoin #ordinals #BRC20

Bitget today it’s time to restart USDT withdrawals.

📌 This time the stolen amount has two different figures, which is easy to confuse.

🔍 One is the amount stolen itself: $387.5 million. The official report initially stated $351.6 million, and later it was raised to $387.5 million after adding assets in Zcash and Tron.

Another is that the platform balance decreased by about $600 million in a day. This is net outflow, not loss—because it includes the money users withdrew themselves.

⚠️ The difference between the two is huge: the first says how much was stolen, while the second says how much money was moved out. Seeing “$600 million” and concluding it’s more than a loss of $387.5 million mixes the two separate things together.

🔗 The withdrawal timeline is as follows: Channel $BTC started on 9/28. In the first wave, 9,585 withdrawals went out, totaling about 4,098 coins; the ETH channel opened on 9/29; and today it’s USDT’s turn. The platform currently still holds over $6.7 billion in assets.

To judge the severity of a single theft incident, should you look at the number stolen, or whether the withdrawals can actually go through?

#Bitget

US Bitcoin spot ETFs have seen net inflows for 8 consecutive days.

📌 On 9/28 (ET), the single-day net inflow was $31.07 million, and the $ETH spot ETF saw a net inflow of $17.10 million that same day.

🔍 A net inflow of 30 million in a day isn’t a big number, but “8 consecutive days” is a different story—it suggests the buying pressure isn’t a one-off impulse; it’s sustained.

⚠️ One more note on timing: the figures above are for 9/28 (ET). For 9/29, we have to wait for the close of US markets—so the data will only come out tomorrow morning Beijing time.

🔗 Another item worth noting: Bitget originally planned to delist $DOG. After the community spoke up, founder LeonidasNFT said the platform has agreed to indefinitely postpone the delisting. However, this is only a delay—the resumption of withdrawals still depends on later announcements.

There’s a point that’s easy to mix up here: delaying a delisting and restoring withdrawals are two different things. Bitget’s BTC withdrawals were already opened on the afternoon of 9/28. In the first hour, it processed about 7,683 orders, about 3,609 of $BTC .

Money is moving into the ETFs, while the exchange’s delisting list is being withdrawn. Which of these do you think impacts sentiment more directly?

#Bitcoin

Last night, more than 100,000 people were forced out by the market again

📌 Data shows that in the past 24 hours, more than 140,000 people were liquidated in the cryptocurrency market, with total leverage positions liquidated across the entire network of about $377 million. Long positions made up 77% of that. In other words, the bullish side was hit the hardest.

🔍 Why does this happen? When Bitcoin fell below $83,000, it pushed a batch of leveraged long orders below their liquidation levels. Liquidation is a passive sell-off, regardless of price—you may not want to sell, but you have to, and you sell at the market price.

⚠️ There’s a point that many people get confused about: the $377 million figure is the “amount,” while 140,000 is the “number of accounts.” These two numbers are often mentioned in the same sentence, but they answer different questions. A large amount doesn’t necessarily mean there are many people, and a small number of people doesn’t necessarily mean the amount is small.

📌 What’s really worth remembering is that 77%. Get the direction right and go too high with leverage, and you can still be cleared out. And the reverse is also true—last week, most of those liquidated were shorts; this week it switched to longs. The mechanism is unchanged—only the target of the harvest changes.

Are you using leverage right now? If not, is it because you’ve been burned before, or because you never touched it in the first place? #bitcoin #Crypto

$BTC Today, it fell below $83,000. The term “safe-haven” may be misused.

📌 From around 84,500, it steadily dropped to about 82,800. In the past 24 hours, it fell 1.7% to 2.2%. The immediate trigger is geopolitics: Trump rejected Iran’s proposal—“lift the naval blockade and sanctions to reopen the Strait of Hormuz”—and also hinted that further military action may be possible, causing Brent crude to rise immediately.

🔍 But QCP offers a more worth watching interpretation: this round of declines is synchronized across Bitcoin, Nasdaq futures, and gold, and even the US Dollar Index is falling. Safe-haven assets and risk assets are both dropping, and the dollar is also weakening—this doesn’t look like “capital fleeing to safety.” It looks more like “someone is selling indiscriminately across the board.” The actions behind these two things are completely different—one is repositioning, the other is exiting.

⚠️ There’s also a macro backdrop: on September 16, the Federal Reserve raised rates by 25 basis points, bringing interest rates up to 3.75%–4.00%, the first hike in more than three years. The vote was 12 in favor and 0 against. In the dot plot, 16 of the 18 officials expect at least one more rate increase before year-end.

📌 Technically, Fidelity’s Jurrien Timmer calls $80,000 the “confirmation line for a double-bottom pattern.” The $80,000 to $86,000 zone is the main resistance band. These are someone else’s coordinates, not my prediction.

What are you judging this move by—geopolitics or liquidity? #Bitcoin #crypto #宏观

This morning, Bitcoin pulled off a “sting” move—worth clarifying what it actually is.

📌 Around 8 a.m., Bitcoin briefly surged to $84,974, then dropped back to $83,429 within a very short time. The up-and-down swing was over $1,500, and it happened in under an hour.

🔍 That’s where the term “sting” comes from: for a moment, the price is pushed to an extreme level, leaving a thin, needle-like shadow on the chart. It doesn’t signal a new direction—it’s simply the instant gap in liquidity being filled.

⚠️ Most people lose money not because they guessed the direction wrong, but because of leverage. When the price moved from $84,974 to $83,429, the drop was about 1.8%. Spot holders just watched the numbers flicker on the screen, but with 20x leverage, those long positions were already liquidated within that range. The difference isn’t your judgment—it’s how many times leverage you used.

📌 Current situation: Bitcoin is consolidating around $84,000. Last week it reached a high of $87,392—about an eight-month high. In this quarter it’s up roughly 44%, the strongest quarter since Q4 2024. The Fear & Greed Index is 70, still in the “Greed” zone.

The next big date everyone is watching is September 30: the U.S. August PCE inflation data.

Did this needle sweep you out this morning? #bitcoin #Crypto

Privacy on Bitcoin this week—actually comes in three different paths

📌 First path: Hide the receiving address

NodeMonkes has integrated Silent Payments (BIP-352). It solves this: if you publicly post a receiving address, others still can’t trace it back to figure out your transaction history—each payment goes into a new address that only you can spend.

Note: the amount and the sender remain public on-chain.

🔍 Second path: Hide the amount and the transfer relationship

This is the Shielded Bitcoin approach with ZK proofs: hide the amount and hide who is sending to whom. Developers ran mainnet validations, and OrdDropz’s founder also carried out two privacy inscription transfers on mainnet.

⚠️ Third path: Hide “who holds it”

What’s hidden by privacy inscriptions isn’t the transaction—it’s the holder. The market, rules, and issue price are all public; only “who has it right now” is private.

📌 Why they need to be discussed separately

These three things are often lumped under one headline, but the privacy targets are completely different: one hides the address, one hides the amount, and one hides the holder. If you mix them together, it’s easy to reach wrong conclusions—for example, thinking “if you use Silent Payments, no one can see the amount.”

Just yesterday, there was news: the first privacy inscription NFT series is coming.

Which one do you care about more? “No one can find out how much you have,” or “no one can find out who you are”?

#Bitcoin #Privacy #Ordinals$BTC

Every year around this time, the same word pops up on the timeline: Uptober.

📌 Its meaning is straightforward—October + Up. In crypto circles, October has long been treated as a traditional good month. Today, on X’s Business & Finance Trends leaderboard, it really is trending.

⚠️ But I want to point out the other side: this is a seasonal narrative, not data. There’s no causal relationship—just a summary of how things have gone over the past few years. The sample size is small, and each time the macro backdrop is different. For example, right now the yield on 10-year U.S. Treasuries is above 5.2%, the highest since 2007—nothing like the October environment in previous years.

🔍 The Fear & Greed Index is currently 72, down from 79, but still in the “Greed” zone. This number actually has more information than “Uptober.” It suggests sentiment isn’t panicked—so “bargains” aren’t plentiful.

I’m not predicting whether October will rise or fall. I just want to remind you: don’t add to your position just because of a rhyming word. If you’re going to bet, your reasons have to be things you can clearly explain.

What market takes have you seen that are widely shared, but ultimately don’t hold up? #Bitcoin #Crypto

A globally top-ranked exchange was hit after midnight on the 24th, with $387.5 million taken from its wallets. This is the largest exchange theft so far in 2026.

📌 The method is more worth looking at than the amount. It wasn’t that private keys were stolen. Bitget’s CEO said the attackers compromised a backend component of the wallet system, then forged transaction data, bypassed the exchange’s own signing process, and transferred the funds out. Cold wallets are fine; self-custody wallets are fine.

⚠️ A simple analogy: the thief didn’t get your home keys. Instead, they slipped into the key-cutting shop, and had the shop owner make them a key themselves.

The aftermath is equally crucial. Bitget said users’ balances would not be affected; the loss would be covered by the users’ protection fund ($464 million, about 5,500 BTC). Withdrawals will resume in batches starting today. But on the on-chain tracking side, Circle and Tether only froze about $318,000—meaning the money was largely already swapped and gone. North Korea is suspected to be behind it; the official statement says it is “very likely,” but no technical evidence has been made public.

$BTC users most easily overlook this point: the “balance” shown on an exchange is, in essence, an IOU from the exchange—not your coins. Whether that IOU can be cashed out depends on whether the exchange was safe that day.

What percentage of your holdings would you leave on an exchange right now? #Bitcoin #Crypto