RKS138

#Gate, dkarena melihat $7709 HK hari ini benar-benar menarik perhatian saya.
First of all, $7709 HK is the SK Hynix 2x ETF listed in HK. For a long time, this has become the only way for people outside Korea to gain exposure to $SKHY.
Because of that, the AUM of this ETF has swelled as market participants rushed in.
I had an initial hypothesis that $7709 HK was sold quite heavily today because the participants who had to rely on it now have better options in $SKHY.
Since the creation and redemption for $7709 are not announced in real time. One way to estimate how much $0660 was pressured downward is the discount to NAV for #SKHY, versus $0660.
Because $7709 and 0660 open and close at different times, we need to measure the performance gap using the same time standard.
I chose to use the 230PM HKT close as the benchmark because that’s when rebalancing for $7709 takes place.
At 230PM HKT, $7709 yesterday was 91.94 and today it is 89.68—down 2.45%.
Meanwhile, 0660 is 2,186,000 KRW and was marked at 2,180,000 KRW today at 230PM HKT.
KRWHKD yesterday was 0.005201 at 230PM HKT and today it is 0.005217.
Therefore, (see the image below)
From the large discount on the $7709 price, I expect a very large sell flow to flow into it.
Implication.
In the first order, I expect this to be bullish for $7709HK versus the ADR itself.
In the second order, I expect 0660 to also trade more strongly on that Monday itself, ceteris s.
Of course, ahead of the New York open, there may be many other external events that could arise. However, ceteris s—I see that there are a number of mechanical flows into $SKHY , which will also push up the premium for $SKHY
versus $0660 in KR.
I expect this premium to be anywhere in the range from 10% to higher and to last.#

The digital finance industry is growing rapidly, and platforms are increasingly competing on more than just cryptocurrency listings. Access to diverse asset classes, stronger trading infrastructure, innovative Web3 products, and a better user experience are becoming important parts of the next stage in the evolution of finance.

Gate’s September Transparency Report highlights progress across several key areas, from global user growth and trading rankings to multi-asset expansion and Meme Go’s impressive performance. Taken together, these developments illustrate Gate’s ambition to connect cryptocurrencies, traditional financial markets, and emerging blockchain opportunities within a broader financial ecosystem.

Here are my thoughts on the key achievements and why they deserve attention.

1. Global Community Surpasses 62 Million Users

Gate has surpassed 62 million global users, marking another important milestone in its international expansion.

Behind this figure is a diverse community of traders, investors, market analysts, and Web3 enthusiasts with varying goals and levels of experience. Some focus on spot trading, others explore futures markets, while many are interested in new tokens and financial products.

To me, user growth becomes meaningful when accompanied by better services, stronger security, transparent communication, and reliable market access. Maintaining user trust is just as important as attracting new participants.

2. More Than 18,100 Digital and Traditional Market Assets

According to the September report, Gate supports more than 5,300 digital assets and 12,800 stocks and ETFs. Combined, these reported minimum figures indicate access to more than 18,100 assets across both categories.

This broad selection reflects an important shift in the financial industry. Cryptocurrency markets coexist with traditional stocks and exchange-traded funds, giving users more opportunities to explore different sectors

The digital finance industry is growing rapidly, and platforms are increasingly competing on more than just cryptocurrency listings. Access to various asset classes, stronger trading infrastructure, innovative Web3 products, and a better user experience are becoming important parts of the next stage of financial development.

Gate's September Transparency Report highlights progress in several key areas, from global user growth and trading rankings to multi-asset expansion and Meme Go's impressive performance. Overall, these developments reflect Gate's ambition to connect cryptocurrencies, traditional financial markets, and emerging blockchain opportunities within a broader financial ecosystem.

Here are my thoughts on the key achievements and why they deserve attention.

1. Global Community Surpasses 62 Million Users

Gate has surpassed 62 million users globally, marking another important milestone in its international expansion.

Behind this figure is a diverse community of traders, investors, market analysts, and Web3 enthusiasts with varying goals and levels of experience. Some focus on spot trading, others explore futures markets, while many are interested in new tokens and financial products.

To me, user growth becomes meaningful when it is accompanied by better services, stronger security, transparent communication, and reliable market access. Maintaining user trust is just as important as attracting new participants.

2. More Than 18,100 Digital and Traditional Market Assets

According to the September report, Gate supports more than 5,300 digital assets and 12,800 stocks and ETFs. Combined, these reported minimums indicate access to more than 18,100 assets across both categories.

This broad selection reflects an important shift in the financial industry. Cryptocurrency markets coexist with traditional stocks and exchange-traded funds, giving users more opportunities to explore different sectors

#ETH The short positions around 2728–2735 shared with everyone in last night’s livestream can be held! Congratulations to those who followed along. Those taking an aggressive approach, reduce your positions to secure your principal; those taking a conservative approach, take profits and exit on your own. Happy Mid-Autumn Festival, everyone! *^_^* Taking a break from livestreams for the next week; the private group will continue trading as usual!

I am watching level $ETH at 2.720–2.730 US dollars.
If that area is successfully broken, 2.760–2.800 US dollars will be the next resistance test.
On a pullback, I want to see 2.640–2.680 US dollars hold.
A 4-hour close below 2.640 US dollars will weaken this setup.
For now, I am letting that level determine the direction.

I’m watching $ETH levels $2,720–$2,730.
If it clears that area, $2,760–$2,800 is the next resistance test.
On a pullback, I want to see $2,640–$2,680 hold.
A 4H close below $2,640 would weaken the setup.
For now, I’m letting the level decide.

🐋 What Are BTC Whale Wallets Up To?
On-chain data shows that large whale wallet movements from exchanges to cold wallets have been increasing lately—usually interpreted as a sign of accumulation, rather than preparation to sell.
Conversely, if whales start sending large amounts of BTC to exchanges, it is often a warning sign of potential selling pressure.
$BTC #WhaleWatch #OnChainAnalysis #GateSquare