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沧楠晟
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沧楠晟

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The market is heating up, and your trading fees are turning into someone else’s “post-sleep income” With this recent rally, I’m sure everyone has felt it too—BTC once pushed close to $78,000, the altcoin season has fully ignited, and trading volume has visibly surged. But there’s one question worth thinking about: Where exactly does the trading fee you pay every day end up? Referral commissions are not just about “saving on fees” Let’s do some quick math. Binance’s spot and futures base fee rates are relatively low, but if you’re a high-frequency trader or have a certain trading volume, these small amounts add up to an eye-opening figure. Binance Super Referral Program is designed to return part of the fees you were going to pay anyway back to your own pocket. According to Binance’s official rules, the referrer can receive up to 40% of the commission rate, while the referred user can receive up to 20% cashback. The combined percentage for the referrer and referred user must not exceed 45%. The market won’t always be this good, but once the referral commission pipeline is set up, it’s permanent. When a bull market comes, trading volume grows and referral income rises with it; when a bear market comes, as long as the users you referred are still trading, the referral commissions won’t stop. Enabling referral commissions is essentially installing a “market amplifier” for yourself—when the market is good, it helps you earn more; when the market is bad, it gives you a baseline income. If you’re interested, just contact me directly. I’ll help you set up as a referrer and get back the fees that should rightfully belong to you. If you need the referral commission and the referral commission enabling feature, contact me. Join the chat room to learn the specific setup process. Click to join the referral program [CNSBF](https://www.bsmkweb.cc/register?ref=CNSBF) $TRUMP {future}(TRUMPUSDT) $ETH {future}(ETHUSDT) $PEPE {spot}(PEPEUSDT) #TRUMP突破3.4美元创3月21日以来新高 #美元跌至三个月低点
The market is heating up, and your trading fees are turning into someone else’s “post-sleep income”

With this recent rally, I’m sure everyone has felt it too—BTC once pushed close to $78,000, the altcoin season has fully ignited, and trading volume has visibly surged. But there’s one question worth thinking about:

Where exactly does the trading fee you pay every day end up?

Referral commissions are not just about “saving on fees”

Let’s do some quick math. Binance’s spot and futures base fee rates are relatively low, but if you’re a high-frequency trader or have a certain trading volume, these small amounts add up to an eye-opening figure.

Binance Super Referral Program is designed to return part of the fees you were going to pay anyway back to your own pocket.

According to Binance’s official rules, the referrer can receive up to 40% of the commission rate, while the referred user can receive up to 20% cashback. The combined percentage for the referrer and referred user must not exceed 45%.

The market won’t always be this good, but once the referral commission pipeline is set up, it’s permanent.

When a bull market comes, trading volume grows and referral income rises with it; when a bear market comes, as long as the users you referred are still trading, the referral commissions won’t stop.

Enabling referral commissions is essentially installing a “market amplifier” for yourself—when the market is good, it helps you earn more; when the market is bad, it gives you a baseline income.

If you’re interested, just contact me directly. I’ll help you set up as a referrer and get back the fees that should rightfully belong to you.

If you need the referral commission and the referral commission enabling feature, contact me. Join the chat room to learn the specific setup process.
Click to join the referral program

CNSBF

$TRUMP
$ETH
$PEPE
#TRUMP突破3.4美元创3月21日以来新高 #美元跌至三个月低点
PINNED
Partly True
The most severe financial crisis in history will occur in 2026Famous investor Rogers said: 'The most severe financial crisis in history will occur in 2026, and this crisis is mainly due to two reasons: one is the insane debt growth of countries after the pandemic, and the other is the bubble of artificial intelligence.' Jim Rogers, 82 years old, recently made a big statement, saying that in 2026, the most severe financial crisis in history will erupt, and the word he used was not 'possible,' but 'inevitable.' If someone else had said this, people might have laughed it off, but the name Rogers carries too much weight in the investment circle.

The most severe financial crisis in history will occur in 2026

Famous investor Rogers said: 'The most severe financial crisis in history will occur in 2026, and this crisis is mainly due to two reasons: one is the insane debt growth of countries after the pandemic, and the other is the bubble of artificial intelligence.'
Jim Rogers, 82 years old, recently made a big statement, saying that in 2026, the most severe financial crisis in history will erupt, and the word he used was not 'possible,' but 'inevitable.'
If someone else had said this, people might have laughed it off, but the name Rogers carries too much weight in the investment circle.
Next, we officially enter the era where cash is king! For ordinary people who work hard, rather than squeezing their bodies to earn a few extra nickels, why not save on unnecessary expenses early and sell high-risk depreciating assets as soon as possible—especially houses and cars. Be sure to think it through: besides food, drink, and sleep, everything else isn’t an absolute necessity! When you look around, there are houses everywhere—if you have cash in hand, what are you afraid of? You’ll have somewhere to live. And cars? They’re even less of a concern—plainly speaking, they’re guaranteed money-losers. Remember this principle: the right to use is greater than the right to own! In many cases, owning isn’t necessarily a good thing—especially in the AI era. If you don’t have a great opportunity to make money, then focus on doing risk control well, get your assets in order, get your life in order, and place your physical and mental health at the top priority.$SNDK {future}(SNDKUSDT) $SKHYNIX {future}(SKHYNIXUSDT) #哈萨克斯坦下调石油产量预期至9600万吨
Next, we officially enter the era where cash is king!

For ordinary people who work hard, rather than squeezing their bodies to earn a few extra nickels, why not save on unnecessary expenses early and sell high-risk depreciating assets as soon as possible—especially houses and cars.

Be sure to think it through: besides food, drink, and sleep, everything else isn’t an absolute necessity! When you look around, there are houses everywhere—if you have cash in hand, what are you afraid of? You’ll have somewhere to live. And cars? They’re even less of a concern—plainly speaking, they’re guaranteed money-losers.

Remember this principle: the right to use is greater than the right to own! In many cases, owning isn’t necessarily a good thing—especially in the AI era.

If you don’t have a great opportunity to make money, then focus on doing risk control well, get your assets in order, get your life in order, and place your physical and mental health at the top priority.$SNDK
$SKHYNIX
#哈萨克斯坦下调石油产量预期至9600万吨
The case study I saw earlier about how to buy the dip was parsed really well, and I wanted to share it with everyone as well. In a downtrend, most buying and selling will likely result in losses. Only dip-buying during pullbacks in an uptrend has the highest odds. For stocks that have already entered a downtrend, you must control your hands—don’t try to gamble on so-called rebounds. Rebounds in a downtrend are opportunities for people inside to cut losses and sell, not opportunities for people outside to buy ​$SNDK {future}(SNDKUSDT) $ETH {future}(ETHUSDT) $TRUMP {future}(TRUMPUSDT) #Solana现货ETF累计净流入创纪录12.2亿美元
The case study I saw earlier about how to buy the dip was parsed really well, and I wanted to share it with everyone as well.
In a downtrend, most buying and selling will likely result in losses.
Only dip-buying during pullbacks in an uptrend has the highest odds.
For stocks that have already entered a downtrend, you must control your hands—don’t try to gamble on so-called rebounds. Rebounds in a downtrend are opportunities for people inside to cut losses and sell, not opportunities for people outside to buy ​$SNDK
$ETH
$TRUMP
#Solana现货ETF累计净流入创纪录12.2亿美元
Actually, the logic behind US issuing digital currency can be used to resolve local government debt. The basic idea is simple: debt and assets are twins. If City A owes Bank B, then in essence it is Bank B’s asset. Bank B uses this asset to participate in bond repos in the repo market, turning it into cash again. Then Bank B lends out the cash, which creates a new asset and, at the same time, a new debtor—say, Consumer C. So we can absolutely issue a local-specialty investment digital currency, with the collateral being City A’s debt—that is, Bank B’s asset. As long as the original debt can pay interest, then this local-specialty investment digital currency is a high-quality asset. Then what do we use this digital currency for? We isolate it—set up an exchange—and design a T+0 system and trading rules without restrictions on daily price movement. It can be traded 24 hours a day to attract investors from all sectors. In most cases, within 2 to 3 years, the market-based resolution can be completed. Finally, transform the exchange’s ownership structure into a shareholding system and list it, completing the final market-based clearing. $SNDK {future}(SNDKUSDT) $ETH {future}(ETHUSDT) $XAU {future}(XAUUSDT)
Actually, the logic behind US issuing digital currency can be used to resolve local government debt. The basic idea is simple: debt and assets are twins. If City A owes Bank B, then in essence it is Bank B’s asset. Bank B uses this asset to participate in bond repos in the repo market, turning it into cash again. Then Bank B lends out the cash, which creates a new asset and, at the same time, a new debtor—say, Consumer C. So we can absolutely issue a local-specialty investment digital currency, with the collateral being City A’s debt—that is, Bank B’s asset. As long as the original debt can pay interest, then this local-specialty investment digital currency is a high-quality asset.

Then what do we use this digital currency for? We isolate it—set up an exchange—and design a T+0 system and trading rules without restrictions on daily price movement. It can be traded 24 hours a day to attract investors from all sectors. In most cases, within 2 to 3 years, the market-based resolution can be completed. Finally, transform the exchange’s ownership structure into a shareholding system and list it, completing the final market-based clearing. $SNDK
$ETH
$XAU
Who could have thought that in the early autumn of 2026, a job with a “big week/small week” schedule and a hand-in salary of 3,900 RMB plus five insurances and one housing fund could be so sought-after… This is 2026 we’re talking about—how should one even describe it? Back in 2020, there were hardly any jobs that people looked down on if the monthly salary was below 4,500 RMB. It was almost like time had been reversed… Even “big week/small week” work schedules are being so hotly pursued—just imagine what it would be like for weekends off… ​$SNDK {future}(SNDKUSDT) $ETH {future}(ETHUSDT) $SOL {future}(SOLUSDT) #SEC向白宫提交加密托管规则提案
Who could have thought that in the early autumn of 2026, a job with a “big week/small week” schedule and a hand-in salary of 3,900 RMB plus five insurances and one housing fund could be so sought-after…

This is 2026 we’re talking about—how should one even describe it? Back in 2020, there were hardly any jobs that people looked down on if the monthly salary was below 4,500 RMB.

It was almost like time had been reversed…

Even “big week/small week” work schedules are being so hotly pursued—just imagine what it would be like for weekends off… ​$SNDK
$ETH
$SOL
#SEC向白宫提交加密托管规则提案
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Bearish
ETH long momentum is exhausted, with a pullback from the high. Futures open interest continues to rise; large players’ short position share is increasing, as the bearish force is concentrating and building up. There is still room for long-term upgrades and an ETF narrative, but in the short term, favorable news has been realized, and profit-taking sell pressure is being released. With high positioning, downside moves can easily trigger a chain of liquidations, and the short-versus-long battle for pullbacks continues. Risk control first—use proper stop losses.$ETH {future}(ETHUSDT) #
ETH long momentum is exhausted, with a pullback from the high.
Futures open interest continues to rise; large players’ short position share is increasing, as the bearish force is concentrating and building up.
There is still room for long-term upgrades and an ETF narrative, but in the short term, favorable news has been realized, and profit-taking sell pressure is being released.
With high positioning, downside moves can easily trigger a chain of liquidations, and the short-versus-long battle for pullbacks continues.
Risk control first—use proper stop losses.$ETH
#
Verified
8:30 p.m. A data point pops up, and the market keeps getting yanked back and forth over whether the Federal Reserve will raise rates or not. In the U.S., July core PCE rose 0.2% month-over-month and 3.3% year-over-year. It matched market expectations exactly—no more, no less. Inflation hasn’t gotten worse, but it hasn’t improved either. It’s just stuck there. For the market, this data isn’t a cure. It’s a placebo. For now, it blocks fears of runaway inflation and forces the Fed to raise rates immediately—but it also cuts off the hope of a fast decline in inflation, and thus the idea that rate cuts are coming soon. Core inflation is still stuck at 3.3%, far above the 2% target. The Fed can only keep taking a hawkish stance and waiting it out. For high-valuation tech growth stocks—especially AI hardware companies whose valuations rely on distant future cash flows—this isn’t good news, but it’s also not new bad news. What’s even more worth pondering is that this forecast-beating data actually shows the market has already priced it in. Earlier, U.S. Treasury yields surged, Nvidia went through a seven-day correction, and money had already played out the script of sustained high rates. Now that the data has landed, there are no surprises—neither upside nor downside—and the market simply follows its prior inertia and moves toward a repair. That’s the logic behind the rebound in U.S. stocks last night and the steadier pre-market sentiment tonight. But a “repair” isn’t a “reversal.” What truly determines the quality of tech stocks is never a single month’s inflation data. It’s always the choices made by industry capital and the hard cash behind the numbers. SK hynix dares to repurchase shares amid a downturn. Jinko? Wait—Jiangsu? Actually: In its case, there’s a company that dares to repurchase during a correction; and another that says its orders will still be growing in 2027; and MiniMax that discloses that ARR has broken $800 million. These are signals that are harder than PCE. Macro tides may rise or fall. But demand locked in contracts, capacity scheduled for next year, and AI revenues posting triple-digit growth for twelve consecutive quarters won’t just disappear out of thin air because of one inflation print. That’s the logic we’ve emphasized again and again. In the short term, the market’s pricing power rests with sentiment and interest rates. But in the long term, the pricing power always rests with earnings and cash flow. Core PCE matching expectations just gives everyone a breathing space—don’t treat it as a signal that a reversal is underway. $ETH {future}(ETHUSDT) $SOL {future}(SOLUSDT) $DOGE {future}(DOGEUSDT) #加密恐惧贪婪指数升至74
8:30 p.m. A data point pops up, and the market keeps getting yanked back and forth over whether the Federal Reserve will raise rates or not.

In the U.S., July core PCE rose 0.2% month-over-month and 3.3% year-over-year. It matched market expectations exactly—no more, no less.

Inflation hasn’t gotten worse, but it hasn’t improved either. It’s just stuck there.

For the market, this data isn’t a cure. It’s a placebo. For now, it blocks fears of runaway inflation and forces the Fed to raise rates immediately—but it also cuts off the hope of a fast decline in inflation, and thus the idea that rate cuts are coming soon. Core inflation is still stuck at 3.3%, far above the 2% target. The Fed can only keep taking a hawkish stance and waiting it out.

For high-valuation tech growth stocks—especially AI hardware companies whose valuations rely on distant future cash flows—this isn’t good news, but it’s also not new bad news.

What’s even more worth pondering is that this forecast-beating data actually shows the market has already priced it in. Earlier, U.S. Treasury yields surged, Nvidia went through a seven-day correction, and money had already played out the script of sustained high rates. Now that the data has landed, there are no surprises—neither upside nor downside—and the market simply follows its prior inertia and moves toward a repair. That’s the logic behind the rebound in U.S. stocks last night and the steadier pre-market sentiment tonight.

But a “repair” isn’t a “reversal.” What truly determines the quality of tech stocks is never a single month’s inflation data. It’s always the choices made by industry capital and the hard cash behind the numbers. SK hynix dares to repurchase shares amid a downturn. Jinko? Wait—Jiangsu? Actually: In its case, there’s a company that dares to repurchase during a correction; and another that says its orders will still be growing in 2027; and MiniMax that discloses that ARR has broken $800 million. These are signals that are harder than PCE.

Macro tides may rise or fall. But demand locked in contracts, capacity scheduled for next year, and AI revenues posting triple-digit growth for twelve consecutive quarters won’t just disappear out of thin air because of one inflation print.

That’s the logic we’ve emphasized again and again. In the short term, the market’s pricing power rests with sentiment and interest rates. But in the long term, the pricing power always rests with earnings and cash flow. Core PCE matching expectations just gives everyone a breathing space—don’t treat it as a signal that a reversal is underway.
$ETH
$SOL
$DOGE
#加密恐惧贪婪指数升至74
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Bearish
$TAC 🈳 The upside has been fully exploited; pullback pressure is building In the short term, it is severely overbought: the 24-hour rise has exceeded 86%, the price has moved far away from the medium- to long-term moving averages, and after rebounding from the low point of 0.002420 to 0.005120, it quickly fell back. Overhead trapped-holder positions and profit-taking both impose a double layer of pressure, and the momentum for chasing longs has weakened. In the AI/data sector, the short-term speculative sentiment shows signs of cooling. Capital may shift to other low-priced sectors. Once TAC loses emotional support, the acceleration of liquidity contraction will drive the price to revert. {future}(TACUSDT)
$TAC 🈳
The upside has been fully exploited; pullback pressure is building

In the short term, it is severely overbought: the 24-hour rise has exceeded 86%, the price has moved far away from the medium- to long-term moving averages, and after rebounding from the low point of 0.002420 to 0.005120, it quickly fell back. Overhead trapped-holder positions and profit-taking both impose a double layer of pressure, and the momentum for chasing longs has weakened.

In the AI/data sector, the short-term speculative sentiment shows signs of cooling. Capital may shift to other low-priced sectors. Once TAC loses emotional support, the acceleration of liquidity contraction will drive the price to revert.
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Bearish
$ONG 🈳🈳🈳 Large-holder long/short ratio: The proportion of accounts holding no position reaches 58.67%, while the proportion of long-position accounts is 41.33%. Against the backdrop of a price surge of 70%+, large holders are actually more inclined to short or hedge. This usually means that “smart money” believes the current price has already exhausted near-term expectations and is trying to top from the left side or to protect profits. Although “large holders shorting” can sometimes trigger a short squeeze, when the rally is too strong, it more often reflects rational profit-taking pressure. {future}(ONGUSDT)
$ONG 🈳🈳🈳
Large-holder long/short ratio: The proportion of accounts holding no position reaches 58.67%, while the proportion of long-position accounts is 41.33%. Against the backdrop of a price surge of 70%+, large holders are actually more inclined to short or hedge.

This usually means that “smart money” believes the current price has already exhausted near-term expectations and is trying to top from the left side or to protect profits. Although “large holders shorting” can sometimes trigger a short squeeze, when the rally is too strong, it more often reflects rational profit-taking pressure.
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Bearish
$BTR encounters high sky empty Insufficient continuation strength at high positions in the game; use the overbought correction demand indicated by technical indicators to catch a pullback. “Roller-coaster” behavior of new coins/hot coins: As Bitlayer is a popular BTC Layer2 hot sector, the narrative sounds good, but after such tokens go through the first round of frenzied pump, they often face a value reversion. After the team drives the price up, they usually need a deep shakeout to flush out floating supply. Market sentiment cools off: When the whole internet is talking about a coin that has surged 3x, it’s often the peak of short-term sentiment. At this point, the risk-reward of going short is better than going long, because upside potential is capped by profit-taking sell pressure, while downside potential becomes the “vacuum zone” after sentiment withdraws. {future}(BTRUSDT)
$BTR encounters high sky empty

Insufficient continuation strength at high positions in the game; use the overbought correction demand indicated by technical indicators to catch a pullback.

“Roller-coaster” behavior of new coins/hot coins: As Bitlayer is a popular BTC Layer2 hot sector, the narrative sounds good, but after such tokens go through the first round of frenzied pump, they often face a value reversion. After the team drives the price up, they usually need a deep shakeout to flush out floating supply.

Market sentiment cools off: When the whole internet is talking about a coin that has surged 3x, it’s often the peak of short-term sentiment. At this point, the risk-reward of going short is better than going long, because upside potential is capped by profit-taking sell pressure, while downside potential becomes the “vacuum zone” after sentiment withdraws.
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Bullish
Direction $BMT : Go Long · Entry: Watch for a pullback in the 0.0220–0.0226 range; enter after it confirms support · Targets: First target 0.0255, second target 0.0278 · Stop-loss: 0.0207 (if it breaks down on increased volume, exit) The technical setup is a complete long (bullish) structure On the 4H chart, the MACD bullish momentum is steadily expanding, and price has already broken above the upper Bollinger Band. The key support zone 0.0217–0.0226 has been validated multiple times, and there is continuous order support near 0.0207. The 4H RSI is currently at a high level and is dulling, but the 1H RSI has recovered to 56.81, and the momentum structure remains healthy. {future}(BMTUSDT)
Direction $BMT : Go Long
· Entry: Watch for a pullback in the 0.0220–0.0226 range; enter after it confirms support
· Targets: First target 0.0255, second target 0.0278
· Stop-loss: 0.0207 (if it breaks down on increased volume, exit)

The technical setup is a complete long (bullish) structure

On the 4H chart, the MACD bullish momentum is steadily expanding, and price has already broken above the upper Bollinger Band. The key support zone 0.0217–0.0226 has been validated multiple times, and there is continuous order support near 0.0207. The 4H RSI is currently at a high level and is dulling, but the 1H RSI has recovered to 56.81, and the momentum structure remains healthy.
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Bullish
I declare that BTR is heading straight to the moon, and BTR equals BTC.$BTR {future}(BTRUSDT)
I declare that BTR is heading straight to the moon, and BTR equals BTC.$BTR
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Bullish
Partly True
The price was pushed from 0.03 up to 0.127, yet the short positions are actually heavier than before. This isn’t a fundamental issue—it’s retail shorts adding more to their positions against the trend. The more price rises, the more they short; the more they short, the more they lose. Fundamentals are still being delivered: ① Binance Wallet’s BTR-exclusive Accelerated Program has been rolled out—an airdrop of 30 million BTR plus Pre-TGE activities are underway, and ecosystem incentives continue to be released ② Bithumb and JuCoin are set to list BTR—Korea’s incremental capital + new exchange liquidity means a double boost is about to be unleashed ③ Bitlayer TVL is still growing—there are now nearly 100 on-chain ecosystem projects, and the BTCFi narrative continues to heat up The conditions for a short squeeze have become even more mature than just now: On the market, funding rates have remained negative. Shorts are paying fees to longs every day. As price keeps making new highs, shorts keep adding—once this structure breaks above 0.13, shorts will be forced into concentrated liquidation, sparking an even more intense short-squeeze surge.$BTR {future}(BTRUSDT)
The price was pushed from 0.03 up to 0.127, yet the short positions are actually heavier than before. This isn’t a fundamental issue—it’s retail shorts adding more to their positions against the trend. The more price rises, the more they short; the more they short, the more they lose.

Fundamentals are still being delivered:

① Binance Wallet’s BTR-exclusive Accelerated Program has been rolled out—an airdrop of 30 million BTR plus Pre-TGE activities are underway, and ecosystem incentives continue to be released
② Bithumb and JuCoin are set to list BTR—Korea’s incremental capital + new exchange liquidity means a double boost is about to be unleashed
③ Bitlayer TVL is still growing—there are now nearly 100 on-chain ecosystem projects, and the BTCFi narrative continues to heat up

The conditions for a short squeeze have become even more mature than just now:

On the market, funding rates have remained negative. Shorts are paying fees to longs every day. As price keeps making new highs, shorts keep adding—once this structure breaks above 0.13, shorts will be forced into concentrated liquidation, sparking an even more intense short-squeeze surge.$BTR
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Bullish
$BTR and $AKE are a team trading together. Before, after AKE it jumped more than 100x. The big one coming from $BTR is on the way—hold steady and buckle up. Next up is constant detonations in the air, detonation, detonation {future}(AKEUSDT) {future}(BTRUSDT)
$BTR and $AKE are a team trading together. Before, after AKE it jumped more than 100x. The big one coming from $BTR is on the way—hold steady and buckle up. Next up is constant detonations in the air, detonation, detonation
Yushu Technology’s listing came 4 days ago, and its market value dropped from a high of 444.9 billion to just over 240 billion—vaporizing nearly 200 billion, almost halving. Many people ask: the first stock of humanoid robots, how did it collapse? In truth, it was still because the valuation was priced far too insanely. At an issue price of 150.8 yuan, the stock corresponded to a P/E ratio of 219 times—already more than 5 times the industry average. On its first trading day, it surged straight up from the opening to 1,100 yuan, a gain of 629%, and the dynamic P/E skyrocketed to 1,600 times. What you bought wasn’t a stock—it was faith in the future decade. [Weary] Looking at Yushu’s financial reports: in the first half of 2026, the non-recurring profit attributable to shareholders (excluding extraordinary items) actually fell year over year by 19%, and the revenue growth rate dropped from last year’s 332% to 48%. More revenue but not more profit—can’t support this price. Second, the chip/ownership structure is too lopsided. In the early stage of the listing, tradable shares made up only 7.44% of the total share capital—about 30 million shares. With such a small float, a relatively small amount of capital could push the market cap to the trillion level. The turnover rate on the first day was 85%, meaning essentially all sellable chips were dumped in a single day. About 90% of the shares allocated to participating institutions had no lock-up period. Of the 95 public funds and 134 private fund managers, first-day unrealized gains exceeded 10 billion. They cashed out in a concentrated way right at the open. Institutions run fast, retail investors buy at higher prices—being trampled is inevitable. Third, business reality doused the cold water. You think humanoid robots have already gone into factories to work? Actually, in the first three quarters of 2025, among Yushu’s humanoid robot revenue, R&D and education accounted for 73.6%, while industrial applications were only about 9%. Even Yushu’s founder, Wang Xingxing, said it himself: when robots enter factories, efficiency and generalization ability are still not high enough; the “ChatGPT moment” for humanoid robots will be fast in two to three years, but at worst five to ten years. That basically punctures the narrative of “they’ll scale up next year.” $UNITREE {future}(UNITREEUSDT) #比特币64亿美元期权将到期
Yushu Technology’s listing came 4 days ago, and its market value dropped from a high of 444.9 billion to just over 240 billion—vaporizing nearly 200 billion, almost halving.

Many people ask: the first stock of humanoid robots, how did it collapse?

In truth, it was still because the valuation was priced far too insanely.

At an issue price of 150.8 yuan, the stock corresponded to a P/E ratio of 219 times—already more than 5 times the industry average. On its first trading day, it surged straight up from the opening to 1,100 yuan, a gain of 629%, and the dynamic P/E skyrocketed to 1,600 times.

What you bought wasn’t a stock—it was faith in the future decade. [Weary]

Looking at Yushu’s financial reports: in the first half of 2026, the non-recurring profit attributable to shareholders (excluding extraordinary items) actually fell year over year by 19%, and the revenue growth rate dropped from last year’s 332% to 48%. More revenue but not more profit—can’t support this price.

Second, the chip/ownership structure is too lopsided.

In the early stage of the listing, tradable shares made up only 7.44% of the total share capital—about 30 million shares. With such a small float, a relatively small amount of capital could push the market cap to the trillion level. The turnover rate on the first day was 85%, meaning essentially all sellable chips were dumped in a single day.

About 90% of the shares allocated to participating institutions had no lock-up period. Of the 95 public funds and 134 private fund managers, first-day unrealized gains exceeded 10 billion. They cashed out in a concentrated way right at the open.

Institutions run fast, retail investors buy at higher prices—being trampled is inevitable.

Third, business reality doused the cold water.

You think humanoid robots have already gone into factories to work?

Actually, in the first three quarters of 2025, among Yushu’s humanoid robot revenue, R&D and education accounted for 73.6%, while industrial applications were only about 9%.

Even Yushu’s founder, Wang Xingxing, said it himself: when robots enter factories, efficiency and generalization ability are still not high enough; the “ChatGPT moment” for humanoid robots will be fast in two to three years, but at worst five to ten years.

That basically punctures the narrative of “they’ll scale up next year.”

$UNITREE
#比特币64亿美元期权将到期
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Data has been released (Beijing time 20:30) 📊 US July PCE (Fed core inflation) Core PCE YoY: 3.3% (forecast 3.2%, above forecast) Core PCE MoM: 0.2% (forecast 0.2%, in line with forecast) Overall PCE YoY: 3.7% 📊 Q2 GDP revised figure Annualized quarter-on-quarter GDP growth is 1.5%, same as the initial value, in line with expectations 📊 July durable goods orders MoM **+1.1%**, forecast +0.5%, significantly stronger than expected Brief interpretation Inflation is slightly higher, and economic data is stronger. Market interpretation: rate cut expectations are pushed further back, which is supportive for the US dollar and bearish for gold. $XAU {future}(XAUUSDT) $SNDK {future}(SNDKUSDT) $ETH {future}(ETHUSDT)
Data has been released (Beijing time 20:30)
📊 US July PCE (Fed core inflation)
Core PCE YoY: 3.3% (forecast 3.2%, above forecast)
Core PCE MoM: 0.2% (forecast 0.2%, in line with forecast)
Overall PCE YoY: 3.7%
📊 Q2 GDP revised figure
Annualized quarter-on-quarter GDP growth is 1.5%, same as the initial value, in line with expectations
📊 July durable goods orders
MoM **+1.1%**, forecast +0.5%, significantly stronger than expected
Brief interpretation
Inflation is slightly higher, and economic data is stronger.
Market interpretation: rate cut expectations are pushed further back, which is supportive for the US dollar and bearish for gold.
$XAU
$SNDK
$ETH
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