Bitcoin trading volume is surging with the rally.
Spot volume hit around $75B and perpetual volume $336B, both multi-month highs.
Unlike previous spikes, this move is coming with sustained buying, suggesting broader participation behind the $BTC rally.

In today’s Market State Report #2, we look at the implications of the Fed rate hike, the projections of meeting participants, and the signals about future policy.
What does this change for stocks and Bitcoin? What signs of market reaction should we be watching now?

Entered a short position around 0.12639. The price later moved to around 0.07516, but I did not close everything, handling it on an 80/20 basis, with 80% taken off the table first.

The reasoning for the short was not complicated: resistance at the previous high, a failed breakout being reclaimed, weak rebound volume, and a bearish structure, so I waited for confirmation before entering. I did not add during the sharp drop, nor did I hold through the loss. After entering, I focused on only two levels: the key level and the previous low.

During the holding period, the market first rebounded

This batch of $SNDK short positions has been realized in stages, locking in a +54.37% return, with the remaining position managed using a trailing protective level. The high-level false breakout failed to hold, and price-volume momentum weakened; this rebound looks more like a bull trap than a trend reversal.

The price fell from above 1563.17 to around 1551.12. The previous high remains a valid key level, and the moving averages have also begun to turn downward. After breaking below the lower boundary of the range, price failed to quickly reclaim it, indicating that short-term selling pressu

another cycle, another funeral....
see you at the top

Holding this short position, the decline is not coming from one big dump, but more from weak rebounds followed by a slow grind lower. After $SOL came under pressure from the highs and fell back into the range, I continued holding when the rebound failed to surpass the previous high. The +146.03% profit has now been 80% realized, and I’ve set a protection level for the remaining 20%; no further additions.
Technically, the top of the range and the previous high form the same key resistance zone. After the first false breakout, the price quickly fell back, showing that genuine selling pressure ex

The altcoin chart is starting to look familiar 👀
The last time the market broke out of a major monthly downtrend, altcoins went parabolic within the next 9 months.
Now we’re seeing a similar structure again.
History doesn’t have to repeat, but this is definitely a setup worth watching closely.

After $USELESS surged to 0.27339, I took 70% off first. It’s not that I’m bearish; this level is right at the key prior-high resistance, so chasing further offers a worse risk-reward ratio. The move up from 0.20207 formed a breakout, pullback, and second breakout structure, with each pullback holding at a higher key level and volume expanding on the breakouts.

The key levels are clear now: the prior high is the first key level. If, after breaking out, the price pulls back on declining volume and holds the upper boundary, that would be the new entry logic; if it merely spikes above and falls

17
$SOL 🚬☕🎭

POLITICS AND MONETARY POLICY ARE OFFICIALLY AT A DEADLOCK.
Decrypt reports Fed Chair Kevin Warsh credited Trump for economic performance, yet totally bypassed his aggressive calls for interest rate cuts. The Fed is holding its firm stance, reminding everyone that inflation control comes first.
📈 Trump gets credit for growth, but zero favors on borrowing costs.📉 Tight monetary policy keeps macro pressure on crypto assets including $BTC and $ETH .💡 Markets now have to re-evaluate expectations for rate relief this year.
Never trade against the Fed, especially when tension is this high.
#CryptoN

#16FedOfficialsExpectAnotherHikeThisYear #GateSquareMidAutumnReunion
Sixteen out of eighteen Federal Reserve officials now expect at least one more interest rate hike before this year ends. That single line from the dot plot released on 16 September 2026 is the most consequential macro signal on the board right now. The Fed did not merely hike. It hiked for the first time in more than three years, lifting the federal funds target range by 25 basis points to 3.75 to 4.00 percent, and then told the market through its own projections that it is not finished.
The detail matters more than the head

#SolanaMemeCoinsRally Coins Rally, A New Wave of Market Excitement
The Solana ecosystem is once again attracting attention as meme coins experience renewed buying interest and increased market activity. The latest rally across Solana based meme tokens highlights the unique energy of the meme coin sector, where community engagement, market sentiment, and blockchain activity can create powerful price movements.
Solana has established itself as one of the most active ecosystems for meme coin launches and trading. Its fast transaction speeds and relatively low fees have made it an attractive plat

The previous high was not broken, so the $XLM short thesis remains intact. This move faced resistance above 0.19333, and I took profit around 0.1813, locking in a +441.15% gain. The remaining position is being managed with a protective stop.
The previous high failed to be reclaimed on two rebound attempts, and the moving averages shifted from flattening to pressing downward. The price also failed to reclaim the middle Bollinger Band after breaking below it. The rebound came on declining volume, indicating that the bulls have not regained the initiative. The volume-price relationship is weak, w

$BR This 32-point surge looks all too familiar. If I were the market maker, this is exactly how I’d play it today: first dump spot early in the session to 0.4710 and sweep the stop losses, clearing out a batch of leveraged longs, then turn around and push the market with contracts. The iceberg orders placed around 0.5 would absorb all the panic selling. By the time retail traders realized what was happening and chased the rally, I’d already be unloading in batches above 0.68. The 24-hour trading volume reached 813 million, which is not something retail traders can generate on their own. The tu

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#GateTopsStockPerpetualCoverage
The expansion of stock perpetual coverage is adding another dimension to the rapidly developing crypto derivatives landscape. For traders, stock perpetuals can provide a way to gain exposure to the price movements of traditional equities through a crypto-native trading environment, without requiring direct ownership of the underlying shares.
This convergence between traditional finance and digital-asset infrastructure reflects the broader evolution of global markets. Traders are increasingly looking for products that provide flexible access to different asset cl

ETH rose 1.2% to $2,433.16 over the past 24 hours, holding above the $2,400 level despite pressure from the Fed’s hawkish dot plot and $224 million in net spot ETF outflows; RSI at 62.9 is not overheated, and MACD (5.09) is above the signal line (2.40), indicating a relatively stable short-term structure, but the price is capped by long-term moving averages at $2,474/$2,480, leveraged longs remain moderate, institutional and whale funds are moving in opposite directions, and divergence between bulls and bears is increasing, with the market overall remaining range-bound.#Gate股票永续合约覆盖数量行业第一

Circle equipped Arc with BlackRock and Visa as block producers; meme launchpads were what filled its blocks on day one.
$410 million in DEX volume, with launchpads capturing 82%; Arguspad alone accounted for $200 million and minted over 80k tokens that day. An institutional chain with a retail launch—the same cold start as Robinhood Chain.
This shows the chain is connected, but also that the narrative and users are temporarily out of sync. What really matters is not how noisy day one is, but whether stablecoins and tokenized assets catch up in the second week—or whether only a pile of dead tok