$ON Last night, within 24 hours it jumped from 0.14 to 0.237, up 29%+, but this morning the freshly released non-farm data came as a shock—what do you think those hawkish members in the Fed minutes are looking like right now? I’ve already cut my position by 40%.

To be honest, at 2:00 a.m. I checked the revised CPI YoY figure of 3.1%, and it’s directly tied to the crypto market—over the past 90 days, the 30-day correlation coefficient between BTC and the S&P 500 has been as high as 0.72, while $ON’s beta vs. BTC is as high as 1.8. After the data was released, U.S. stock futures instantly dropped 0.5%, and crude oil in commodities fell 0.8% at the same time. This wave of risk sentiment is transmitting way too fast. Technically, $ON’s RSI has surged to 78, into the overbought zone; 24h trading volume was $237 million, double the day before. The volume-price divergence signal is clearly showing. On-chain, net inflows from large orders flipped from +2.8 million two hours ago to -0.9 million now—smart money has already bailed.
As for trading, I suggest keeping spot exposure light and waiting for a pullback. You can take some partial entries in the 0.175–0.18 range. Place the stop-loss at 0.152; if it drops below 0.14, exit decisively. Chasing longs from this level is extremely risky—just think about it: in the Fed minutes, those people are still talking up rate hikes. Non-farm payroll employment at 235k is far above expectations. Once a liquidity turning point is triggered, $ON falling from 0.195 back to 0.1 won’t take two days.
I know you all keep hoping for a pump to double, but remember what I said last week: before every crypto market frenzy, Wall Street quietly accumulates. My style is to catch swing opportunities with high certainty—I don’t bet on one-way moves. Don’t look at the order book—the macro data out there is the real “faucet” switch. If you want to follow the signals closely, tap my profile to follow; place orders in advance before the next non-farm night.