đ¨ Evening Recapď˝Iran just submitted the â7-day reopening of the Strait of Hormuzâ proposal, and Trump rejected it within hoursâ$BTC is still holding steady at 84,036
đ Todayâs three signals collide:
1ď¸âŁ Geopolitics: Iranâs foreign minister proposed a âplan to reopen the Strait of Hormuz within 7 daysâ at the UN. The WSJ immediately reported that Trump has rejected it, and told an aide that bombing would resume after the midterm elections in mid-November. The number of commercial vessels transiting the Strait of Hormuz has already fallen to single digits.
2ď¸âŁ U.S. Treasuries: The 30-year yield broke above 5.5%, the highest since 2004. The 10-year yield is at 5.23%, the highest since 2007âan immediate pressure point for overvalued risk assets.
3ď¸âŁ Market action: BTC is -0.56% over the past 24 hours at 84,036; ETH at 2,682.68 (-0.64%); SOL at 120.00 (+1.54%) turning positive against the trend; HYPE at 91.86 (-1.66%), pumping up right after listing on Binance spot before quickly retracing.
đĽ Why it canât really rally and also isnât dropping deep: Saudi Arabiaâs September crude oil exports hit 6 million barrels per day, the highest since the war beganâoil prices havenât yet run out of control. But U.S. Treasuries are âsucking inâ liquidity, and weekend trading liquidity is thin. If 84,000 canât be held, look for 82,000. If it holds, weâll wait for Sunday U.S. stock index futures to set the direction.
đĄ Donât ignore the security front: Bitget confirmed that about $388 million in assets were affected by a security incident. The CEO said preliminary signs resemble the kind of attacks associated with North Korea. On the other side, KelpDAO has filed a lawsuit over a $292 million rsETH bridge attack on LayerZero. The weekend is the most fitting time for black swans to show up.
How to handle tonight? A. Buy in batches below 84,000 B. Stay in cash and wait, watching for Sunday C. Hold steady and wait for the weekly close
â ď¸ The above is a compilation of public information and personal observations, not investment advice.
#ćŻçšĺ¸ #ĺ ĺŻč´§ĺ¸ #ćé´ĺ¤ç #BTC
đ Todayâs three signals collide:
1ď¸âŁ Geopolitics: Iranâs foreign minister proposed a âplan to reopen the Strait of Hormuz within 7 daysâ at the UN. The WSJ immediately reported that Trump has rejected it, and told an aide that bombing would resume after the midterm elections in mid-November. The number of commercial vessels transiting the Strait of Hormuz has already fallen to single digits.
2ď¸âŁ U.S. Treasuries: The 30-year yield broke above 5.5%, the highest since 2004. The 10-year yield is at 5.23%, the highest since 2007âan immediate pressure point for overvalued risk assets.
3ď¸âŁ Market action: BTC is -0.56% over the past 24 hours at 84,036; ETH at 2,682.68 (-0.64%); SOL at 120.00 (+1.54%) turning positive against the trend; HYPE at 91.86 (-1.66%), pumping up right after listing on Binance spot before quickly retracing.
đĽ Why it canât really rally and also isnât dropping deep: Saudi Arabiaâs September crude oil exports hit 6 million barrels per day, the highest since the war beganâoil prices havenât yet run out of control. But U.S. Treasuries are âsucking inâ liquidity, and weekend trading liquidity is thin. If 84,000 canât be held, look for 82,000. If it holds, weâll wait for Sunday U.S. stock index futures to set the direction.
đĄ Donât ignore the security front: Bitget confirmed that about $388 million in assets were affected by a security incident. The CEO said preliminary signs resemble the kind of attacks associated with North Korea. On the other side, KelpDAO has filed a lawsuit over a $292 million rsETH bridge attack on LayerZero. The weekend is the most fitting time for black swans to show up.
How to handle tonight? A. Buy in batches below 84,000 B. Stay in cash and wait, watching for Sunday C. Hold steady and wait for the weekly close
â ď¸ The above is a compilation of public information and personal observations, not investment advice.
#ćŻçšĺ¸ #ĺ ĺŻč´§ĺ¸ #ćé´ĺ¤ç #BTC