$BTC Volatility fell to 46%, yet surpassed the 2018 bear market! Retail investors’ real risk is only just beginning! Calm on the surface, but deadly undercurrents lurk below. That is the most accurate picture of the crypto market in 2026. So far in 2026, there have already been 10 extreme trading days with “3-standard-deviation” moves, surpassing the 8 recorded throughout the 2018 bear market. Even more alarming, since 2024, Bitcoin’s volatility has been around 47%, similar to Nvidia’s, yet it has seen 26 three-standard-deviation trading days—far more than Nvidia’s 8. In my view, the market has not become gentler; rather, the pattern of “quiet most of the time, but violently explosive without warning” is more dangerous. The Federal Reserve’s meeting minutes this week sent a hawkish signal. Bitcoin fell nearly 3%, 124k people were liquidated within 24 hours, and the liquidation amount exceeded $700 million, with over 90% being long positions. Funding rates also turned negative, meaning shorts have begun paying longs. The derivatives market has already priced in downside risk. What should market participants do? First, do not be misled by low volatility. Position management must assume that extreme market conditions can occur at any time; Second, focus on expected-loss metrics rather than looking only at historical volatility; Third, reduce leverage. Staying alive is a prerequisite for talking about the next market cycle. #Gate亮相TOKEN2049 #Ledger事件损失近9000万 #以太坊三季度涨超71% $ETH $SOL

$ETH ‌ ｜All-network accounts｜Long-short ratio 3.07｜Long 75.4%｜Short 24.6%｜24h -0.064% Where is the key level in your mind? #ETH

#btc On this quiet weekend, I’m making a post for once 840 is packed with institutional accumulation positions, and the selling pressure is still very strong, so stop holding out for luck Moreover, I said a few weeks ago that if this breakout is a trap, its target is either retail investors or institutions Institutions have now spent two weeks accumulating positions above it, and they are firmly trapped This sell-off will most likely bottom in mid-to-late November. ETH will bottom before BTC; watch its price action and pattern in early November.