With the recent market downturn, many people have started comparing the crypto with the US stock market, and some have even begun to speculate about FUD (Fear, Uncertainty, and Dependence) on the entire industry.
But to be honest, I think this kind of comparison is actually a good thing—it shows that everyone is reflecting, but FUD is unnecessary.
The crypto is essentially at the forefront of financial reform and innovation. Asset tokenization is a trend, and global consensus will eventually return to the blockchain.
There is indeed a short-term liquidity shortage, and the industry has entered a period of deep reflection, but the long-term logic remains unchanged.
BTC: Key support at 105,000
Judging from the market, Bitcoin has not yet shown any signs of bottoming out.
If the 105,000 level is breached, it could potentially reach $100,000, but this would not preclude a new high in November or December, or even a direct challenge to the ATH.
The most important thing now is to deleverage, secure cash, and wait for signals.
ETH: Consolidation without breaking out of range
Ethereum is currently trading within a range, with the price repeatedly touching the $4,300 resistance level. Above this level is a densely traded area with a significant number of trapped investors.
Of the three waves of correction, the last wave was the fastest and most rapid, but this was actually a signal of "yin turning into yang".
The current decline in trading volume suggests that it is not due to major players dumping shares, but rather retail investors panicking and fleeing.
Watch the support zone below: $3650–$3700 . Wait for it to stop falling before making any moves.
SOL: ETF Positive News Becomes a "Harvesting Signal"
On October 28, the Solana ETF officially launched trading, with a trading volume of $16 million in the first 30 minutes.
Logically, this should have been the rocket fuel for SOL's takeoff, but the reality is a classic case of "buy the rumor, sell the fact": even with the simultaneous release of two positive ETFs, SOL is still hovering below $200.
ETFs saw inflows of $117 million, but their impact on market capitalization was limited.
With insufficient institutional demand, over-excited market expectations, and the prospect of nearly $600 million in SOL unlocking and selling pressure in the next two months, a short-term breakthrough will be very difficult.
In addition, DApp projects like Pump are also regularly selling off their holdings, putting continuous selling pressure on the market. This wave of ETF news, while seemingly exciting, is actually a case of smart money positioning themselves in advance and reaping the benefits once the news is released.
Why is it difficult for SOL to replicate the price movements of BTC and ETH?
The reason is very practical:
- Grayscale's ETH Trust has over $10 billion in assets, while Solana's is only $400 million.
- Institutional investors are more cautious, worried about frequent Solana outages;
- The market is highly competitive, with Base and Ethereum Layer 2 technologies constantly vying for application scenarios.
Although Solana boasts high TPS, cheap transactions, and advanced technology, its stability is its Achilles' heel.
JPMorgan Chase predicts that even with the full rollout of ETFs, Solana's inflows may only be one-seventh of ETH's.
The market is maturing
The positive impact of ETFs has already been priced in, and the "surge myth" is fading. The current market is more like a calm financial battlefield. Institutions are starting to position themselves in BTC-ETH-SOL triangle combinations , using options to hedge risks—not going all-in, but rather profiting while protecting against potential losses.
summary:
The release of positive news isn't a signal for a takeoff, but rather a harvesting opportunity. The market isn't dead, but the major players will always find reasons to shake you out. Don't fantasize about a surge—holding steady now is the biggest victory. 🚀
The opportunity will be gone in the blink of an eye, everyone gather quickly!
Don't let hesitation delay your chance to make money, and don't get burned by worthless cryptocurrencies. Join Sister Miao and let's ride this bull market together!
Contact me via WeChat: Mixm5688
If you can't add the WeChat account above, please contact the author on the homepage! For added contact information, please add QQ: 3806326575
