I was just about to go to the forum and rant, but then I looked at my balance and forget it—the market is always right. When I checked the charts after lunch, $FORM was still moving sideways around 0.2015. Seeing that it had been consolidating at the bottom for a while and that funds were quietly flowing in, I figured the timing was about right and directly opened a long to follow. At the time, I was still worried I had entered too early. Turns out I timed this move perfectly. It’s now at 0.2705, with +1650.27% in the bag. Feels great, brothers. Putting risk control in place beforehand is called rationality; cutting losses only after losing money is called a heroic last stand. I’ll first lock in the +1650.27% profit, and keep the remaining 20% protected at the entry price. As long as it doesn’t break down, I’ll hold and let the profits run. Now is not the time to chase. The market won’t keep rising forever, so wait for a proper pullback before making a move. The market never lacks opportunities—it lacks patience. I’ll wait for the next shot and alert you immediately. 🚀 $ZEC $ETH

🔥Ethereum surged 26% in one week! After a brutal short squeeze, beware of retail traders becoming the ones buying at the top❗ Over the past week$ETH ‌ it surged from 1820 to 2400, with the biggest single-day gain approaching 20%; short positions worth more than $1.3 billion were liquidated, and bears were brutally wiped out. This rebound was driven by more than just heightened market sentiment; there were solid macroeconomic drivers behind it. The US Treasury directly doubled the scale of long-term Treasury buybacks, bringing the total cap to $80 billion, pushing down long-term bond yields and weakening the dollar, while large amounts of capital began flowing into risk assets. Combined with continued inflows into Ethereum ETFs, with the highest single-day net inflow surpassing $220 million, spot buying became the main force driving the rally. But risk signals also emerged alongside the surge. The daily RSI climbed to 94, while the price broke above the upper Bollinger Band, entering an extremely overbought range. A large amount of sell-side liquidity has accumulated above the order book, and the share of retail longs has risen, while institutional funds remain relatively cautious. Historically, when this kind of sentiment structure appears, chasing the rally often means becoming late-stage liquidity. The short-term technical picture is under pressure, but the macro environment remains favorable before the buybacks are implemented on September 9, and the possibility of a sharp drop and correction is steadily increasing. At the same time, divergence within the sector is also very clear, with $TUT putting in a strong performance while some Meme assets have simultaneously suffered steep pullbacks. The more euphoric the market becomes, the more easily it is swept up by FOMO. A major surge does not mean prices will continue rising all the way, and the risks of chasing gains at the top deserve particular attention. After this overbought move, do you think the market will enter a deep correction or continue setting new highs? Share your thoughts in the comments.

ENA at $0.175—did you miss the boat? Look at the surface first: it doubled in two weeks, with retail investors FOMO-buying the rally. After bottoming around the historical low of 0.07 in late June, it broke through 0.10-0.12 on heavy volume starting in mid-August, with consecutive large bullish candles pushing it to 0.17-0.18. Its weekly gain more than doubled, trading volume surged, and futures open interest also nearly doubled significantly. The short-term parabolic rise is overheated, but the trend is not over. First: Ethena's biggest problem before was that the yield was almost gone. USDe's core business model is simple: you deposit USDe to earn sUSDe yield, while the protocol uses your money to conduct perpetual futures funding rate arbitrage. In 2024, funding rates were often annualized at 30-50%, and everyone was making money happily. Then what happened? The entire industry piled into the arbitrage trade, crushing funding rates to the floor. sUSDe's annualized yield fell from over 30% all the way to around 4%. With the yield gone, capital began to leave, and USDe supply shrank from its peak. Second: The $1 billion financing completely changed the rules of the game. On August 19, Ethena and FalconX announced a $1 billion senior secured warehouse financing facility. Previously, Ethena could only make money through perpetual futures arbitrage, with yields squeezed down to 4%. Now it can lend the assets backing USDe to institutions for overcollateralized loans, covering trading strategies, corporate treasury management, and payments. The source of yield has shifted from “funding rates squeezed to death” to “institutional-grade credit spreads.” Third: But the price you're seeing may have already priced in most of it. ENA is currently priced at 0.175, with a circulating supply of approximately 9.83 billion tokens and a market cap of around $1.5-1.7 billion. Compared with 0.08 before the FalconX financing announcement, it has already more than doubled. The 24-hour trading range is 0.147-0.18, while short-term RSI has already surged to 80-87, indicating extreme overbought conditions. MACD momentum is strong, but divergences should be watched for. The short-term price has already fully reflected the recent positive catalysts, and a further move higher will require new catalysts. You decide the bull-bear battle On one side: $1 billion in institutional financing, with the yield model completely upgraded Large purchases by Arthur Hayes + backing from institutions such as BlackRock A heavy-volume breakout from the 0.07 bottom, with the trend now turned bullish If the fee switch, which distributes fees to stakers, is implemented, it would directly benefit ENA On the other side: It doubled in two weeks, with RSI overbought and the short term overheated 9.8 billion tokens are circulating, with another 5 billion awaiting unlock The Federal Reserve may turn hawkish in September, creating macro uncertainty If BTC pulls back, ENA will most likely follow, given its high-beta characteristics Key levels Resistance above: 0.18-0.20, the round-number level + extension of the previous high → 0.25 → 0.30 Support below: 0.155-0.165, the pullback stabilization zone → 0.14 → 0.13 Trading strategy For those sitting out and wanting to chase: Wait for a pullback. If the 0.155-0.165 range stabilizes, with a high-volume stop to the decline or a doji, cautiously test a long position. Target 0.19-0.22, with a stop-loss at 0.145. For those already holding: Around 0.175-0.18, consider taking partial profits, 30-50%, to secure gains. Use a trailing take-profit strategy for the remaining position, targeting 0.22-0.25. Exit unconditionally if it breaks below 0.15. Medium to long term: The fundamental improvement is clear. If it later pulls back to the 0.12-0.14 region, positions can be built in batches, targeting 0.25-0.30. Pay attention to unlocks and supply pressure—the 5 billion tokens awaiting release are no small amount. From 1.5 down to 0.07, then from 0.07 up to 0.175— ENA fell 95% in 45 days and rose 150% in two weeks. This market never lacks miracles; what it lacks is your refusal to sell at the bottom and your restraint from chasing at the top. Missing the boat doesn't lose you money; chasing the rally does. What is your cost basis for ENA? At 0.175, would you dare to chase? #ETH突破2400美元 #GateBTC现货交易全网第二 $BTC $ETH $ENA #BTC breaks above $77000