Post

"After the Tide Recedes, Capital Is Changing Tracks" After a sharp drop late at night, the market did not immediately rebound, leaving only sideways movement and cautious observation. Three targets, three kinds of waiting. $BTC: Miners are "voting with their feet." Hashrate no longer serves only Bitcoin but is flowing toward AI. The AI boom acts like a pump, sucking away both capital and hashrate. Short-term moving averages cap the price, making rebounds weak; in the long term, cybersecurity budgets are being eroded, and repairs will take time. $ETH: No new stories. On-chain activity is quiet, and during capital outflows, investors are more selective with high-volatility assets. With BTC unstable, ETH struggles to stand alone. $XAUT: The market is weak, but institutions are bullish. Standard Chartered expects the average gold price in Q4 to reach $4650, based on easing real interest rate pressure. With fluctuating rate hike expectations and rising safe-haven demand, gold is being repriced. Crypto gold tokens serve as a hedge against macro uncertainty. After deleveraging, during the calmest periods, the quietest places often hide the next round of opportunities. #BTC冲高回落，市场轮动开始了吗？ #美伊恢复接触，风险溢价会降吗？ #美联储官员密集发声，加息还要持续多久？