AMD just raised $4.75B. The AI CapEx race is entering a new phase. AMD’s largest-ever USD bond deal will help fund AI infrastructure and capital spending. But the bigger signal is across the industry: Nvidia → financing platforms Intel → equity capital AMD → debt financing Different routes, same goal: raise more capital to build more AI infrastructure. AI competition is shifting from simply having the best chips to having the financial firepower to scale. For BTC, the impact isn’t direct. But expanding AI CapEx means larger capital needs and continued credit growth. If AI revenues keep outpacing financing costs, leverage can accelerate expansion. If demand weakens, that leverage can quickly become a valuation risk. The AI spending cycle clearly isn’t cooling yet. $AMD ‌ $BTC ‌ $ETH ‌ $SNDK

$ETH long. Look, it's finding a base right on the range floor and bouncing off it. A strong lower wick rejection on that last push, showing buyers stepping in at that support. Plus, the short-term MAs are starting to converge, taking some heat off the bearish side. I'm leaning long here, waiting for it to punch past that consolidation high on a volume spike. If it dips below the range floor though, I'm done. Plan (15m only): entry ~1,884.70 · SL 1,867.08 · TP 1,931.82 · R:R 2.67 15m only — not a swing call.

🥱🥱🥱I was watching SPCX’s chart last night and noticed something—I kept looking and couldn’t fall asleep. $140. Still a long way below last month’s high of $225, though it has rebounded 33% from the early-August low of $105. It’s stuck in this neither-here-nor-there position, and 319 million shares will be unlocked on Thursday. The first unlock last month involved 910 million shares—more than twice as many as this time—and the whole world was waiting to watch it crash. But what happened? It rose 6% that day, then climbed all the way from $105 back to $140. The unlock didn’t kill it; instead, it gave institutions an entry point. So, in theory, there’s no need to panic over these 319 million shares? But the real reason I can’t sleep is that this isn’t the last one. Another 700 million shares will be unlocked in September, followed by another wave in October—a slow bleed that will continue through December. Before every unlock, I tell myself, “Nothing happened last time,” and every time I still can’t sleep. I’ll have to live like this for another four months. Rationally, Starlink has more than 12 million users, revenue has doubled year over year, and the company is still the same company. Emotionally, the unrealized gains on my books can’t withstand a flash crash. My decision: sell half and hold the rest through the unlock. It may not be the optimal solution, but at least I’ll be able to sleep on Thursday night. Anyone holding SPCX—are you getting out before Thursday? Tell me your plan in the comments. $SPCX $BTC $ETH #Gate7月增长Top1 #闪迪两周反弹63%