Today’s market, I wonder how many people used hedging operations when MMT opened?

Gold and US stocks are both falling, and BTC couldn’t stay unaffected this time. The 98k support level really needs to hold! ETH briefly dropped below $3,100, BNB touched below $900, and SOL is also at risk of breaking the $150 threshold.

The price plunge directly dampened market sentiment—fear index has dropped to 22, just a step away from “Extreme Fear.” The liquidation data is even more shocking: in the past 24 hours, 470,000 people worldwide were liquidated, totaling $2.03 billion. Long positions were liquidated for $1.63 billion, and short positions for $400 million. This wave of long liquidations has truly been damaging.

💠 About AI Cryptocurrency Trading Experiment (Day 2)
Price fluctuations are too intense. The strategies suggested by AI seem ridiculous to me, so I won’t follow trades today!

💠 Notable on-chain events in the past 24 hours

1️⃣ MMT surged by 3,000% overnight—this move was truly explosive;

2️⃣ After Balancer was hacked, the stolen assets have been converted into ETH;

3️⃣ The probability of the Federal Reserve cutting interest rates by 25 basis points in December is currently 67.3%;

4️⃣ The US government “shutdown” has entered its 36th day, setting the longest shutdown record in history;

5️⃣ CZ revealed that he increased his holdings of Aster yesterday, joking that he always gets caught in short-term positions with every investment;

6️⃣ The first season of the “AI Cryptocurrency Trading Competition” concluded: Qwen3 and DeepSeek took the top spots;

7️⃣ ZKsync founder released an update proposal for ZK tokens: all network revenue will be used to buy back and burn ZK tokens.