Market Observation | Not Just Watching the Show: From the Trading Heat of ASTER, Looking at the 'Buyback and Destruction' Economics of DEX Platform Tokens
The script wouldn't dare to write this! Yesterday's ASTER contract competition became the focal point of the entire internet. The well-known trader 'Liangxi' showcased incredible explosive power during the competition, turning a capital of 10,000 U into 100,000 U at one point. This 'rollercoaster' storyline is not just a personal trading show but a hardcore 'stress test' of the liquidity and mechanisms of the ASTER platform. Everyone has seen the latest battle situation: the account experienced drastic fluctuations from heaven to hell. However, as a rational market observer, we should not just stay at the level of 'watching the show.' Through this incident, I saw three deeper value logics behind ASTER:
Installed OpenClaw just for chatting? I used a Mac Mini to pull a 【Binance Alpha Detector】, hardcore breakdown of Agent's wealth code!
Seeing the competition held by @币安广场 #AIBinance , I found that many brothers installed the internet sensation OpenClaw (crawfish), but ended up gathering dust in the computer after less than a day of enjoyment. Why? Because 99% of people who open it will only ask: 'Who are you?' 'Help me write a copy.' Brother, you have turned the automated money printer that can search for trading Alpha for you 24 hours into an electronic pet for chatting! Since we've come this far in the conversation, I assume the brothers present have already stepped out of the 'beginner village' and possess the most basic knowledge of digital survival. In other words, you at least understand:
Guys, SanDisk has sounded the call to counterattack... $SNDKB Also, give your fingers a little workout, tap my profile, and cast a vote. Thank you 😊!
大漠哥
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The market has definitely been getting harder and harder to trade lately.
A few days ago, I was talking about the market with a friend and said that the battle for capital among various asset classes—including gold, U.S. stocks, crypto, and RWA—is getting more and more intense. Often, you’ve barely entered a position when the market suddenly surges violently, and by the time you react, it’s already too late.
But after looking over the charts today, I actually think we may be about to see some changes in the short term.
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First, ETH.
I just checked the 4-hour chart, and there’s already a fairly clear bullish divergence.
What’s even more noteworthy is that ETH then tested the lows a second time, but the price didn’t break below the previous low.
This suggests that some buying support is starting to emerge at lower levels, and bearish momentum may also be fading.
Now take $SNDKB : it’s also showing a fairly clear bullish divergence on the 4-hour chart.
It’s worth paying attention when two assets in different markets show similar technical signals at the same time.
So personally, I’m inclined to think that this short-term correction may be close to bottoming out.
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However, seeing the potential for a technical rebound doesn’t mean my view of the overall market has changed.
As I’ve said before, the prolonged high-interest-rate environment, the development of RWA, and Wall Street’s increasingly diverse range of ETFs and leveraged instruments are changing the market’s overall capital structure.
In particular, leveraged derivatives on BTC and ETH allow institutions to establish risk exposure through the derivatives market, without necessarily having to buy or sell large amounts of spot assets directly.
Market volatility and the battle for capital are also becoming more complex.
We can no longer simply assume that rate cuts mean a bull market and rate hikes mean a bear market.
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My trading plan from here is simple:
For ETH, I’ll be watching closely to see whether the low formed during the second test can hold, and whether the 4-hour chart can break back above resistance.
As long as the low holds and the bullish divergence remains valid, I’ll lean toward looking for a short-term rebound.
But if the price falls below the previous low again, I’ll need to reassess the bottom structure. I won’t stubbornly hold on just because I’m bullish.
I’m starting to lean optimistic in the short term, but I remain cautious over the medium to long term.
In today’s market, getting the direction right is important, of course, but timing and position management may matter even more.$ETH $SNDKB
The market has definitely been getting harder and harder to trade lately.
A few days ago, I was talking about the market with a friend and said that the battle for capital among various asset classes—including gold, U.S. stocks, crypto, and RWA—is getting more and more intense. Often, you’ve barely entered a position when the market suddenly surges violently, and by the time you react, it’s already too late.
But after looking over the charts today, I actually think we may be about to see some changes in the short term.
──── ✦ ────
First, ETH.
I just checked the 4-hour chart, and there’s already a fairly clear bullish divergence.
What’s even more noteworthy is that ETH then tested the lows a second time, but the price didn’t break below the previous low.
This suggests that some buying support is starting to emerge at lower levels, and bearish momentum may also be fading.
Now take $SNDKB : it’s also showing a fairly clear bullish divergence on the 4-hour chart.
It’s worth paying attention when two assets in different markets show similar technical signals at the same time.
So personally, I’m inclined to think that this short-term correction may be close to bottoming out.
──── ✦ ────
However, seeing the potential for a technical rebound doesn’t mean my view of the overall market has changed.
As I’ve said before, the prolonged high-interest-rate environment, the development of RWA, and Wall Street’s increasingly diverse range of ETFs and leveraged instruments are changing the market’s overall capital structure.
In particular, leveraged derivatives on BTC and ETH allow institutions to establish risk exposure through the derivatives market, without necessarily having to buy or sell large amounts of spot assets directly.
Market volatility and the battle for capital are also becoming more complex.
We can no longer simply assume that rate cuts mean a bull market and rate hikes mean a bear market.
──── ✦ ────
My trading plan from here is simple:
For ETH, I’ll be watching closely to see whether the low formed during the second test can hold, and whether the 4-hour chart can break back above resistance.
As long as the low holds and the bullish divergence remains valid, I’ll lean toward looking for a short-term rebound.
But if the price falls below the previous low again, I’ll need to reassess the bottom structure. I won’t stubbornly hold on just because I’m bullish.
I’m starting to lean optimistic in the short term, but I remain cautious over the medium to long term.
In today’s market, getting the direction right is important, of course, but timing and position management may matter even more.$ETH $SNDKB
Especially SanDisk and SK Hynix. I don't care—I'm definitely not selling at a loss just because prices have dropped. They'll bounce back sooner or later. Demand for AI is still huge, and SanDisk ranks first in storage.
Why aren't you taking advantage of this opportunity to buy the dip? Once prices recover, you'll have missed your chance—and you'll be kicking yourselves then 😢 $SNDKB
I spent some time watching ETH’s 4-hour chart today and noticed a signal worth keeping an eye on. The Vegas Channel is starting to put clear pressure on the price.
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ETH had been trading above the Vegas Channel, which had also been providing some support nearby. But after the drop a few days ago, the price fell straight through the channel. Now that it’s rebounding, the former support zone has turned into resistance overhead. That’s why I’m starting to be cautious in the short term.
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ETH is currently around $2,509. On the 4-hour chart, EMA144 and EMA169 are around $2,585 and $2,578, respectively, and the Vegas Channel has formed a resistance zone. There are two key levels to watch in the short term: 🔸 2545–2585: Resistance zone overhead. If the price rebounds to this area, watch to see whether it can break through decisively. 🔸 2405–2450: Support zone below. If this level is breached again, ETH may remain under pressure in the short term.
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My personal view is that even if ETH rebounds in the short term, the first thing to watch is whether it can reclaim the Vegas Channel. Until it does, the 4-hour outlook remains weak, and selling pressure could emerge at any time during a rebound. Especially if you’re holding long positions, make sure to manage your position size and leverage carefully. There will always be opportunities in the market. Focus on managing risk first. $ETH
The meme market really hasn’t been doing well lately. Things have been pretty slow on both RH and BSC, possibly because the broader market has been weak. I’m not making much money on my simulated trades either.
The chain-scanning radar picked up a meme on the RH chain. Even though it came from a launch platform, it still didn’t do well—its liquidity was gone in no time.
This morning I wrote a long macro piece discussing the Fed, Wall Street, ETFs, and RWA, as well as why I remain bullish on the crypto market over the long term.
Now let’s zoom in on a shorter time frame and talk about BTC in the short term.
My view: Support around 82,000 has held for now, and I’m leaning toward a rebound next.
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BTC has recently fallen from around 87,000, briefly dipping as low as around 80,400 before quickly recovering.
It then climbed back above 82,000 for several consecutive days and is currently trading around 83,000.
Price action suggests buyers have stepped in below, while short-term bearish momentum has also weakened somewhat.
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Here are the key levels I’m watching next:
82,000–82,600: Short-term support. If it holds, I’ll continue to look for a rebound.
83,500–83,800: First resistance. A breakout would put 84,000–85,000 in view.
85,000: A key level. Holding above it would open the door to a further move toward around 86,000.
If BTC falls back below 82,000 and fails to reclaim it on a bounce, watch out for another test of the previous low around 80,400.
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Yesterday I talked about the long-term cycle; today, I’m talking about the short-term one.
I remain bullish on BTC over the long term and am also leaning toward a short-term rebound, but it’s still too early to call this a confirmed reversal.
First, let’s see whether the area around 82,000 continues to hold, then whether BTC can reclaim 85,000.$BTC
大漠哥
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Why am I still bullish on crypto over the long term, even as the Fed resumes raising interest rates?
There have been several developments in the US recently that I think are worth looking at together. Taken individually, they may seem bullish or bearish, but viewed together, they show that the underlying dynamics of the crypto market are changing.
First, the SEC approved listing rules for 3x leveraged BTC and ETH ETFs. To me, this means far more than just adding two leveraged products. In the past, spot ETFs were an important way for Wall Street to participate in the crypto market. Now, as tools such as futures and leveraged ETFs become more widely available, institutions can gain greater exposure through derivatives without necessarily holding the corresponding amount of the underlying assets.
Why am I still bullish on crypto over the long term, even as the Fed resumes raising interest rates?
There have been several developments in the US recently that I think are worth looking at together. Taken individually, they may seem bullish or bearish, but viewed together, they show that the underlying dynamics of the crypto market are changing. First, the SEC approved listing rules for 3x leveraged BTC and ETH ETFs. To me, this means far more than just adding two leveraged products. In the past, spot ETFs were an important way for Wall Street to participate in the crypto market. Now, as tools such as futures and leveraged ETFs become more widely available, institutions can gain greater exposure through derivatives without necessarily holding the corresponding amount of the underlying assets.
A lot of people have been asking me for CAs, so here’s one that the meme chain-scanning radar just picked up. Just to be clear, this is not investment advice. Go check it out yourselves—if you buy and lose money, don’t blame me...
Unfortunately, my traffic for this quarterly assessment was only 188K (one article alone got 300K in Q1 2026), so I didn’t qualify for “Creator+.” I’m going to step things up in Q4. In the past 10 days, I’ve had nearly 100K in traffic. Thanks, everyone, for your support.
My plan: build a meme radar for the RH and BSC chains. The ultimate goal is to automate trading. It’s still in development, but once it’s ready and can identify meme projects, I’ll share their CAs with you for reference only.
Thanks again for all your support. I hope you’ll follow me and Binance Square. @币安Binance华语 @CZ @Yi He
As I said before, U.S. stocks are perfect for grid trading. SanDisk dropped from 1800 to 1600, then shot up to 1700 in an instant after the U.S. market opened 😄
The grid strategy is currently yielding 92.88%. I'll let it run for a month and see how it goes.
The Mac mini with the M6 chip is out, and the base model is nearly 7,000 RMB. And then there’s this big guy 😄… Apple’s prices have gone up way too much. By comparison, wasn’t my base-model Mac mini M4, at just over 3,000 RMB, an absolute bargain? 😌
Also, I finally got the Apple Watch Ultra 4 I’ve been wanting so badly. It was originally 6,499 RMB, but I got it for 5,299 after the education discount and national subsidy. 😌
A Deadly Business Invitation Uncovers a German Passport Scam: When Making Friends Overseas, Be One Extra Bit Cautious
People who travel abroad frequently and meet new friends overseas should be a bit more cautious: just because you click doesn’t mean the person’s identity is reliable. A seemingly tempting business invitation may also hide traps involving fraud and kidnapping. Especially when someone is eager to arrange airport pickup, changes the itinerary at the last minute, or takes you to an unfamiliar private place, be sure to verify first before taking any action. A kidnapping and murder case in the Philippines unexpectedly led to a batch of cases涉嫌通过虚构犹太血统获取德国国籍 (involving claims of obtaining German citizenship through fabricated Jewish heritage). When you connect these reports, it’s genuinely chilling. According to Caixin, on June 20, 2024, Xia Kefu, a marketing executive at a Chinese medical device company, and Sun Jing, an American-Chinese person engaged in medical device agency work, were invited by a potential partner “Li Na” to go to Manila, Philippines, for a business inspection. Soon after the two arrived, they were kidnapped, and later killed.
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