The trend of $ETH is a bit awkward. Originally, because the long-short ratio is higher than BTC and SOL, if the CPI is positive, it could perform stronger than others. But it dropped last night, which probably scared off quite a few people. Because ETH's long-short ratio is 72.3%:27.7%, which is 2.61; higher than BTC's 1.6 and SOL's 2.01, the stampede last night was even more severe. If tomorrow's CPI is negative, it is expected to be another strong stampede. Hopefully, tomorrow will be positive. After all, a wave of leverage has been cleared, which is good for a rebound after the CPI.

$OKB is really strong. Last night, $BTC dropped 2 points before the CPI data release, but OKB was basically unaffected and even rose, showing an independent trend. 1. A few days ago, after the non-farm payroll data boosted rate cut expectations, OKB surged 10%. The normal profit-taking correction from the day before yesterday has ended, and judging by the current momentum, it clearly wants to push higher again. 2. From the current perspective, as long as the price doesn't fall below 88, the overall trend remains upward. Moreover, this is an independent trend relying only on the broader market, X Layer, and the OKX ecosystem. Although it will be affected by the CPI data, it has the potential to maintain an independent trend. 3. Friends who haven't bought OKB can consider building some base positions; there will be opportunities to perform. But don't hold too heavy a position. Those who want to accumulate can choose the low points when everyone is panicking. I previously accumulated some OKB by participating in the flash earning event, so now I feel completely at ease. #财报观察员：AI基建财报接力登场

Just saw the latest Glassnode indicator, the $BTC Seller Exhaustion Index has entered the extreme exhaustion zone for the first time. This is a composite indicator measuring low volatility and high loss states. Historically, previous signals appeared at the bottom of bear markets. Although entering the extreme exhaustion zone this time doesn't guarantee it's the bear market bottom, I don't aim for the absolute lowest point when bottom-fishing, just a relative low is enough. So I just added a large position. If $BTC later remains volatile or continues to decline, but the Seller Exhaustion Index does not hit a new low, then the second time would indicate the bottom. Friends looking to bottom-fish can consider taking action now

MicroStrategy has been selling coins recently, and I see some friends are worried about MicroStrategy crashing and dragging down $BTC Actually, there’s no need to be afraid at all: 1. It’s normal for MicroStrategy to sell coins; they are an investment institution, and their profit model is buying low and selling high. The initial claim of "never selling" was just to rally more people to support the price, so don’t fully trust it. Even if they don’t sell this cycle, they will sell in the next. Moreover, they sold coins in the previous cycle a few years ago; this is not their first time selling. 2. This cycle, MicroStrategy won’t crash because they won’t be troubled by the annual 1.76 billion in interest. In fact, MicroStrategy has many options. First, issuing common stock. Their common stock issuance capacity is about 24.6 billion. Second, issuing perpetual preferred stock. Their perpetual preferred stock issuance capacity is 25 billion. Third, selling $BTC , whose total BTC value is 58.5 billion. Also, when they really stop caring about goodwill, the interest they must repay annually is only 2 trillion. Not paying other interest won’t be illegal; their contract terms are very flexible. 3. Even if MicroStrategy sells coins to repay debt, BTC’s current market cap is 1.2 trillion, with a daily spot trading volume of 30 billion and a daily derivatives trading volume of 150 billion. Such huge trading volume won’t be crashed by an annual 1.76 billion sell-off. #Strategy再卖1690枚BTC，企业财库出现分化