#大户持仓变化 Tonight at 9:30 PM, the US Non-Farm Payrolls data will be released. Such major economic data often trigger significant market volatility, and mainstream cryptocurrencies like $BTC, $ETH, and $SOL could face substantial impacts. Especially in the current market sentiment-sensitive phase, rapid price fluctuations often occur before and after major data releases, potentially triggering chain reactions. If you hold a heavy position, it is advisable to manage risk in advance—set stop-loss orders, reduce your position appropriately, or simply avoid trading during this time. Whale institutions have also been closely monitoring lately, and once the data is out, large transactions may occur, with volatility potentially much higher than usual. Traders should remain cautious.

#美联储降息 $PIPPIN's funding rate has turned negative again, reflecting that the current market still has considerable short-selling pressure. Clearly, project teams of this kind are enjoying this situation—they oscillate repeatedly in the high range, earning funding fees from short sellers while gradually accumulating short positions. When the time is right, a rapid surge can trigger a chain of liquidations, especially for those high-leverage short positions, which can't withstand such an assault. Historically, short sellers who are trapped are likely to continue struggling and holding on stubbornly. From the current position of 0.433, there is indeed an opportunity for light long positions. I will continuously update the details on how to build positions gradually, at which price levels to add to your holdings, and when to take profits—feel free to join the discussion area for in-depth conversations. $BTC $SOL's trend is also worth paying attention to, as it often influences the overall market rhythm.

#大户持仓变化 $BTC is still struggling around $86,000, and in the past two days, there hasn't even been a decent 90-minute rebound. Looking at the short-term and medium-term trend lines both starting to bend downward, the main force's intention is very clear—they have no intention of bottom-fishing. Every time the price rebounds to around 90,150, it gets hammered down, and trading volume has been shrinking. This kind of rebound strength won't last long. The KDJ indicator indeed shows that the decline is a bit overdone, but from the candlestick pattern, this looks more like a continuation of the downtrend rather than a bottom. The real key is tonight—if the closing price falls below 85,935, the next line of defense is at 85,146 before any chance of resistance. In the short term, focus on the 85,900 level; whether it can hold is crucial. The underlying pressure comes from macro factors. The possible interest rate hike by the Bank of Japan combined with the market's re-pricing of Federal Reserve policies, these dual factors have made market sentiment noticeably cautious. Under this background, the performance of $ETH and $SOL also appears somewhat powerless. Both technical and macro perspectives point in the same direction—it's all about whether the key support can be held in the short term.