The initial plan for $INIT went very smoothly. The entry timing was good, the reaction was good, and the trade was good. Very pleased with it. Currently looking at ‍$ZEC and $XRP .

The entire market shed $2.21 trillion in value Saturday, with tighter financial conditions sending investors away from risk assets. $BTC fell 5.03% to $65,139, while altcoins took the harder hit: $SOL slid 9.08% to $72.28, $BNB fell 7.06% to $585.70, and $XRP lost 5.98% to $0.9549. A broad, indiscriminate selloff — the kind that doesn't much care which chain you're on — also affected Ether, which dropped 5.5% to $1,817. ‍#GateIPOAccessAnthropic #Dr.HanOxfordUnionSpeech #USOctoberPPIBelowExpectations

BTC pulled off a deep V-shaped reversal today, plunging to $61,000 before being yanked right back to $66,000. The buying pressure was genuinely fierce. Bitcoin briefly plunged to around $61,000 intraday. Many were still waiting for it to keep crashing, but in the blink of an eye, the price had been pulled back to $66,000. The rebound was so fast it made you wonder if you were seeing the chart right. ETH, SOL, and XRP played out the same scenario, with clear buying support at the lows—buyers stepped in as soon as prices fell. $BTC WICKED down to $61,946, then shot straight back up to around $66,000 $ETH Dropped to $1,710 before quickly reclaiming $1,790, with buyers clearly stepping in SOL: Hit a low of $67.37, then climbed back above $70 $XRP Plunged to $0.891, then rebounded to around $0.95 OneKey founder Yishi has a point that I think makes a lot of sense—the market prices in consensus expectations for the future, not the pessimism left over from yesterday. I agree. But I don’t think anything has changed in the fundamental consensus around BTC, ETH, SOL, and XRP. Didn’t we get through 2015, 2018, and 2022 the same way? There’s no need to declare the industry doomed every time prices fall. Honestly, a pullback of this magnitude makes me more willing to take a serious look at spot. The market has already absorbed a lot of the decline. If you were already bullish on these assets, building a spot position in tranches beats waiting for prices to rise again and kicking yourself. Buyers stepping in at the lows shows that the market is nowhere near as bad as the sentiment suggests. Risk warning: The above is only my personal opinion and does not constitute investment advice. The crypto market is highly volatile, so please manage your position size carefully.