Democrats take power in the midterms, and the AI bubble arrives;
Just when data is needed most, the choice is to ban accounts across a large number of regions;
More and more executives are leaving Anthropic ahead of its IPO.
—With timing, conditions, and support all against it, Anthropic has none of them on its side in this IPO😮‍💨
Blackstone rates it a “junk-grade” stock. Anthropic has made a colossal mess of things—who does it think it's fooling?
In the weeks leading up to its IPO, Anthropic pushed its hype around “safety,” “alignment,” and “responsibility to humanity” to the extreme. But a

$BTC For me, unless I see strong liquidity around 73800, I won’t consider any bullish or upside scenario. We also need to understand the deeply bearish scenario: a close below 71k.

Old Ma just posted a CZ meme
On-chain, $GM and $RM both took off,
Who can keep it together? 🤣

Come on, win one more time. Draw the candlestick chart once more. Let’s lead everyone to one last win.

$AKE A bearish turn is coming in 15 minutes. Anyway, I haven’t bought; I’m neither going long nor short, just watching

Damn, 360 blocked my system, so I can't click it

$MAGIC
UPDATE
#MAGIC is at strong support level. In this move we can see 100%+ gain here ✍🏻
#MAGICUSDT #MAGICBTC #BTC #Bitcoin #NFTs

A trade made $100—how much is left after all costs?

Long-form Chinese

In cryptocurrency trading, many people focus on one number first when reviewing a trade: how much did it make?

But a more important question is often overlooked:

Profit on paper is not the same as actual take-home gains.

Suppose you open a position, and when you close it, it shows a profit of $100. You might think it was a successful trade, but without calculating the full trading costs, you can’t accurately judge how much you actually made.

1. Fees: The easiest to calculate, and the easiest to underestimate

Suppose y

Someone on-chain made the first move.

Lookonchain spotted a trade: more than two hours ago, an address opened a 10x long position on 450,000 LINK, with $5.18 million in exposure—a clear directional bet.

At the same time, LINK was still sliding: $10.69, down 7.4% in 24 hours, ranging from $11.65 to $10.53 intraday, a swing of over ten points, with $264 million in 24-hour trading volume. Its $10.7 billion market cap ranks it fifteenth. It has fallen 23% over the past month and is now worth less than a fifth of its former peak of 52.96.

Prices are falling as someone adds leverage. The market w

When everyone is using similar strategies, does the original edge still exist?

In trading markets, there is a change that is easy to overlook.

A strategy may have performed exceptionally well for a long time. It has clear entry conditions, a good win rate, and a relatively stable returns curve. But over time, more and more traders begin using similar indicators, the same breakout logic, and even similar stop-loss and take-profit rules. The method that once worked gradually loses its edge.

At this point, many people’s first reaction is: Have the parameters stopped working? Should the indicat

$APP Short position entered! The daily chart is due for a downward correction! Position for a high-level short in advance! Target: 311. If you're not in a position, short at the current price! Wait patiently for the waterfall!

$HYPE This time it's genuinely a bit awkward! More good news from the U.S. regulated market, yet the token price fell nearly 7% and couldn't even hold $80.

On November 6, HYPE was trading at around $77.64, after falling as low as $76.24. Just a few days ago, it surged to $97; now it's given back about one-fifth of its gains.

First, the news.

Hyperliquid Strategies recently disclosed that a subsidiary is applying for U.S. futures commission merchant (FCM) status, preparing to offer compliant trading accounts for HIP-3 markets.

This is significant, but note that it's only an application and

📡 Signal Card | Reposted from KOL “Bitcoin Fengge”
Asset: $ETH Long entry: 2435 Stop loss: 2360 Targets: 2520 / 2560 Time: Not specified
I’m only reposting this as-is. Fengge is responsible for backing the signal’s authenticity. Whether to follow it and how much to put in are up to you, folks—don’t go all-in with your life savings 🫠
I reposted one of Fengge’s $ETH trades earlier today, and now here’s another. This is happening more often than I change my profile picture.
Shared as a personal record; not investment advice. #SpaceX partners with Qualcomm to build a 5G network in the US

What Is Trading Expectancy? How Can Win Rate, Average Profit and Loss, and Trading Costs Help Determine Whether a Strategy Has a Long-Term Edge?

In cryptocurrency trading, making money with a strategy in the short term does not mean it will work over the long term. Catching one major market move by chance can mask problems with the strategy itself. Trading expectancy helps us evaluate a strategy from a broader perspective, rather than judging it based on just a few wins or losses.

First, what is trading expectancy?

Trading expectancy is the average profit a strategy may generate per trade w

What is break-even win rate? How high must a trading strategy’s win rate be to cover trading costs?

In cryptocurrency trading, many people know their win rate but do not know how high it needs to be to actually make a profit. If winning trades earn little while losing trades lose a lot, even getting more trades right may still result in a loss. The break-even win rate can help traders understand the minimum performance a strategy needs to achieve.

First, what is the break-even win rate?

The break-even win rate is the minimum win rate required for long-term expected returns to equal zero, ex

What Is the Liquidation Price? How Should You Understand the Relationship Between Maintenance Margin, Unrealized Losses, and Forced Liquidation?

In crypto derivatives trading, many people focus only on changes in profit and loss after opening a position, while overlooking a key question: At what price could the position be forcibly liquidated? Understanding the liquidation price helps traders assess risks in advance and avoid losing control due to insufficient margin.

First, what is the liquidation price?

The liquidation price is the price level at which a position may trigger the forced li

Last night, we warned in advance not to buy the dip; today's market has once again validated that call!

Early yesterday morning, we clearly said not to rush into longs in this kind of market, and not to assume that a drop means you can buy the bottom.

BTC fell steadily from around 80500, hitting a low of 75158; ETH fell from around 2449 to a low of 2205.

The market still shows no clear reversal today, with both coins trading weakly in a range near their lows.

Many people see a drop and immediately think about buying the dip, believing prices have fallen enough. But trading can't rely on gu

$SOL Can't even hold $90 anymore! It was pushing toward $97 yesterday, and today it plunged to a low of $88.24. It’s down more than 20% in a month, and this one really hurts.

Bottom line: I remain bearish in the short term. Don’t rush to buy the dip just because it’s fallen so much.

This downturn isn’t just a SOL problem. U.S. tech stocks are being sold off, BTC has fallen back to around $75,000, and the entire crypto market is under pressure.

But SOL has another, more troubling issue.

The latest price is $89.7, down 6.8% over 24 hours, with futures trading volume of about $2.375 billion.