Total unrealized profit is approximately $10.45 million, and this whale is simultaneously holding long positions in BTC and ETH. Lookonchain data: Hyperliquid address 0x5f91…65aa holds approximately 7,965 ETH in a long position (worth approximately $19.87 million, 16x leverage, average entry price approximately 1,627, unrealized profit approximately $6.91 million), along with approximately 168 BTC in a long position (worth approximately $13.92 million, 40x isolated leverage, average entry price approximately 61,724, unrealized profit approximately $3.54 million). The two positions have combined unrealized profits of approximately $10.45 million. At the time of writing, BTC was approximately 82,818 and ETH approximately 2,497. What worries me more is this: The unrealized profit looks good, but the BTC position is leveraged 40x, so a major pullback could quickly erase those profits—first, keep an eye on whether the positions are increased or whether leverage is reduced. Do you bet that this approximately $10.45 million in unrealized profit can expand further, or will the 40x BTC long be liquidated first? Follow me, and I’ll continue writing when there are new developments in the unrealized profits of major futures traders. $BTC $ETH

If we review the market from 2018 to the present, it is not difficult to see that altcoin season often begins at the same time as the launch of $BTC the second wave of weekly-level gains. If 57800—87395 was BTC’s first wave of weekly-level gains, and the current move is a correction of that rally, what will happen after the correction ends? In the October 4 video, we proposed that the decline from 87395 could be a weekly-level correction, and the current price action is validating that view. For those who missed the 57800—87395 rally, this weekly-level correction may be an excellent opportunity to capture the next trend. When this altcoin season begins, we should already be on board. Tomorrow’s video will cover several altcoin picks I personally favor and explain the rationale behind them. We will also, as usual, follow up on BTC, ETH, CRCL, and MSTR. As for U.S. stocks, longtime followers know that we have remained clearly bullish throughout this month, and the Nasdaq and S&P 500 have recently broken to new highs as expected. LITE and PLTR, which were mentioned in the September 7 video as having entered a trending move, have also successively reached new highs. Microsoft is moving at a slightly slower pace but is progressing steadily. SPCX rebounded to the 170—180 target range as expected, gaining 67%+. Now that these views have played out, how should we look at what comes next? Tomorrow’s video will review it again. Is the decline in gold from 4697 a deep correction, or the beginning of a larger-scale adjustment? If it falls below 3942 again, what would that mean? Following up through daily posts and reviewing the market in weekly videos has been my habit since I published my first post in 2025. After a year, I can clearly feel that this habit has helped my trading, and of course, I also hope it has been beneficial to everyone. Enough small talk. See you on October 11🐼.

Bitcoin’s key support has been lost But the worst may still be ahead Before the real rally, don’t get shaken out$BTC