Orbit: Crypto Community Feed
$ETH $BTC keeps fluctuating up and down again and again.
This Monday, Bitcoin and Ethereum dropped quite sharply. I thought there would be a good direction and market this week, sigh.
But indeed, it hit the brakes again at 1850. This level is a very strong support. If it breaks through this price, the direction will most likely open up.
However, this trend still can't and doesn't want to fully open up. The range is roughly between 1850 and 1940. Personally, I think the bulls and bears are too evenly matched right now, the strength is too close, so the situation can't be resolved.
At present, I still want to keep my view unchanged, stay firm, and not waver for the time being.
Indeed, this kind of up and down fluctuation within the range is just volatility and does not represent a direction. The longer it moves sideways here, the harder it is to say, and the direction will become very unclear.
It's like a heavy rainstorm that has already poured heavily for a while, then the rain starts to ease up. Does that mean it will definitely stop afterward? Maybe after some time, it will pour heavily again. $ETH
Snapshot at Aug 13, 2026, 14:12
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Hyperliquid major update, may support crypto stock dividends in the future
On August 12, Beijing time, Hyperliquid founder Jeff Yan announced an update progress in the official Discord channel. Because the original statement was too technical, many people ignored or underestimated the significance of this update. Literal translation: The following is a direct translation of Jeff Yan's original statement. According to feedback from the Builder, HIP-1 will add the following function controlled by the token deployer: scaleWei { token, totalWei, referenceToken, systemAddress }. This operation will automatically transfer the token's totalWei from systemAddress to users proportionally based on their referenceToken balance. The calculation rounds down and does not include systemAddress itself. For example, when token == referenceToken, this function can be used for redenomination. There are two possible systemAddress types: Core → EVM system address; Treasury address specified by the deployer and capable of providing signatures. It should be noted that EVM itself does not have such atomicity.
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All summer long, the crypto community has been waiting for the final dip: Saylor selling coins, a cold wallet with over a hundred million dollars stolen, the Clarity Act failing in the Senate. Yet Bitcoin didn’t drop at all.
Bitwise Chief Investment Officer Matt Hougan and researcher Ryan Rasmussen interpreted this phenomenon as a signal in the latest episode of The Rollup: the market is completely indifferent to bad news, those who could sell have already sold, and what’s left are long-term holders who won’t budge.
Some judgments they make daily while dealing with Wall Street:
1. Bad news losing effect is a typical sign of a bottom
In the past two months, Saylor selling coins, cold wallet theft, and the bill stalling all had no impact on Bitcoin. Matt says when the market is completely immune to bad news, it’s often the true bottom. Those who could sell have already sold; what remains are "ride or die" holders.
2. The two-year education period for institutions has just ended
Bitwise’s typical clients need about eight meetings to make allocation decisions and meet only once a year, which constitutes a two-year education process. Bitcoin ETFs will be approved in January 2024, and by this summer, this group’s education cycle has just expired. Now their question is not "whether to invest," but "when to invest."
3. The next bull market will be split into two markets
Institutional money only fits into the largest assets; a $2.5 billion market cap Uniswap can’t absorb funds at the level of UBS or Morgan Stanley. Institutions buy Bitcoin and Ethereum, while on-chain native capital buys DeFi projects with real revenue (Hyperliquid, Uniswap, Aave, Morpho).
4. The biggest catalyst is not in the crypto circle but in the $20 trillion wealth platforms
Morgan Stanley, Wells Fargo, UBS, and Bank of America Merrill Lynch collectively manage about $20 trillion in assets. If their "model portfolios" allocate just 1% to 2% to crypto, that means hundreds of billions of dollars in sustained inflows over many years. Ray Dalio recommends a 15% allocation to Bitcoin or gold, Ric Edelman suggests 20% to 40%, and even Charles Schwab has started saying 6% is acceptable.
5. Quick Q&A, two executives immediately poured cold water
$BTC at $180,000 by 2030? Both say overhyped.
$ETH at 8,000? Also overhyped.
$HYPE at $500? Uncomfortably say under.
Matt says the idea that all assets should rise is itself invalid; Bitcoin is only at $65,000 today, and reaching the million-dollar level will take longer than most imagine.
"When the market is completely immune to bad news, it’s often the true bottom."
Russian Central Bank: Retail investors can trade $BTC $ETH $USDT
Russia is opening a door to cryptocurrency, but the gap is narrow.
According to an article by bits.media, the recent draft consultation published by the Russian Central Bank states that ordinary investors will only be able to trade three crypto assets for the time being: Bitcoin, Ethereum, and USDT.
Within a single broker, crypto exchange, or asset management institution, the annual purchase limit per person cannot exceed 300,000 rubles, and a risk test must be passed before trading.
Some trading restrictions are seen here: the market capitalization must be large enough, the average daily trading volume must be high enough, and there must be at least five years of price history in overseas markets.
However, professional investors face relatively relaxed restrictions; they can trade other cryptocurrencies without purchase limits but must complete compliance requirements.
This plan does not represent a full liberalization of crypto trading in Russia but aims to gradually bring funds that were previously in the gray area into licensed institutions and regulated accounts.
The related system is expected to be implemented from September 1, and the Moscow Exchange has also begun preparing its own crypto asset custody institution.
More notably, the Russian Central Bank ultimately included USDT, a US dollar stablecoin issued by an American company, alongside BTC and ETH in the initial list, indicating that regulators prioritize liquidity scale when faced with demand.
This time, Russia has not fully accepted the crypto community because, for most altcoins, the door to the compliant market remains firmly closed!
Moge has already explained very thoroughly how to play altcoins, so I'll mention a few points he brought up but didn't elaborate on.
First, the flip side of high volatility is "extremely low fault tolerance."
Most people only see "high volatility = more opportunities" but don't see "high volatility = high cost of mistakes." In the A-share market, you might recover after a 20% pullback, but in the crypto altcoin market, a 20% drop might already mean halving your investment. Moge says to set stop-loss at 5%, not because it's conservative, but because in this market you simply don't have the capital to hold through losses.
Second, enter the market when volume is high, not wait for volume after entering.
This sentence is the most valuable.
Many people reverse the order: they buy first, then hope volume will increase to drive the price. But liquidity in altcoins is a scarce resource; if the funds don't come, they just don't come. How long can you afford to wait inside?
The correct approach is to enter only when you see a clear increase in volume, not to pre-position. Pre-positioning is for patient players with sufficient capital; new traders' funds can't bear that time cost.
Third, sector knowledge is not for "picking winners," but for "eliminating losers."
Knowing the classification of various sectors is useful, but its greatest value is not telling you which sector will rise, but helping you exclude most directions that aren't worth watching. If DeFi is too complex, avoid it; if the gaming sector is in serious decline, avoid it; if the cloud storage concept is unclear, avoid it.
After filtering by elimination, the sectors truly worth watching are actually just two or three, allowing you to focus your attention more effectively.
$BEAT $APR $BICO
#交易之声：你的经验值得被听到
Snapshot at Aug 11, 2026, 15:24
The real logic behind $OKB breaking through 100 yuan: it's not hype, but a valuation reshaping driven by a triple narrative.
The recent rise of OKB is because yesterday it signed a contract with Hong Kong stocks on OKX. The platform itself is developing better and better, so OKB rises. This round of increase is not following the rise of Ethereum and Bitcoin. It can't be shorted at all; even if there is a short-term pullback, the extent won't be too large. Low-leverage long positions are the best choice.
Or buy spot and hold for 1-2 years. As more and more stocks are listed on OKX, the RWA trend will drive platform development and user growth. This is the underlying logic.
1. Top Wall Street endorsement ICE (parent company of NYSE) is rumored to have invested in OKX at a valuation of 25 billion, joining the board. This connects traditional capital with compliant crypto pathways, laying out tokenized stocks and asset on-chain migration. $OKB started at $77.65 and exploded over 50% in a single day.
2. Epic deflation transformation In August 2025, a one-time burn of 65.26 million tokens will permanently lock the total supply at a hard cap of 21 million tokens. This matches BTC's scarcity attribute, bidding farewell to the old narrative of unlimited platform token inflation.
3. XLayer public chain essential demand $OKB becomes the only on-chain Gas token for XLayer. All transactions and ecosystem interactions truly burn circulating tokens. The more transactions → the more burns → the less circulation, creating a perpetual deflationary closed loop.
Fundamental leap: from "exchange equity points" → "compliant financial public chain core deflationary asset"
Scarcity (21 million hard cap) + essential demand (real on-chain consumption) + compliance ceiling (ICE endorsement)
Triple resonance, 100 yuan is just the beginning.
#交易之声：你的经验值得被听到
#新手必看：这里有你需要的一切
$BTC $ETH $OKB
Last night's US July CPI was actually somewhat positive, but not strongly so; overall it met expectations, indicating that inflation has not worsened further and reducing market concerns about additional Fed rate hikes.
However, $BTC did not rise because of this; instead, it fell back to around $63,600, showing that the current market cares more about capital flows and technical factors, with the positive news already partially priced in.
Key levels to watch next:
* $64,000: Short-term first resistance; must hold above to continue recovery
* $64,500–$65,000: Core resistance zone; multiple previous failed breakouts
* $66,000–$66,500: Next target after breaking $65,000
* $63,000–$63,500: Current key support; holding this still means range-bound oscillation
My judgment: short-term is slightly oscillating; around $63,600 does not indicate trend disruption.
As long as $63,000–$63,500 holds, there is still a chance to retest $65,000; if it breaks below $63,000, watch out for further pullback near $62,000.
CPI is somewhat positive, but BTC has not yet given a strong bullish signal. The most critical levels now are whether $64,000 and $65,000 can be reclaimed.
#7月CPI符合预期，9月还会加息吗？
Snapshot at Aug 13, 2026, 09:19
$OKB surges! Short now?
$OKB surged today, which I mentioned in my article a few days ago. At that time, I said in the article that this round of $OKB would most likely break into triple digits. Now, it really has broken into triple digits. In my previous article, I said I planned to short it around the $105 level. It hasn't reached that level yet, but I have already entered a short position because I think the current position is also pretty good. However, according to a conservative strategy, we should wait for it to consolidate before considering the next move. —————————————————— Let's look at its contract data. We can see that its contract open interest is gradually increasing, and the long-short ratio of contracts first rises and then falls. Currently, its contract long-short ratio is lower than before, which means there are many longs leaving and shorts accumulating during the rise. Let's also look at its contract data over a longer period. We can see a rapid increase in contract open interest, and the overall contract long-short ratio is declining. This indicates that the bears are still quite strong at this position. —————————————————— I am bearish on $OKB mainly for two reasons. On one hand, there is indeed a lot of capital shorting now; on the other hand, the overall market environment is relatively poor. It is very likely that the market will experience a sharp drop soon. Therefore, I hold a bearish view on these mainstream coins.
$CORE Honestly, this wave is quite surreal.
The coin price has dropped about 99% from its peak, and I haven't sold a single coin, the paper loss is so big I don't even want to look.
But after reviewing the project's actions over the past six months, they really haven't been idle:
SatPay public beta, BTC liquidity staking, dual staking increase, fees changed back to buyback.
Even the London Exchange launched a BTC staking ETP based on Core, and custodians like BitGo and Copper have also come on board.
To be honest, the team is "working."
They shifted the narrative from mining to BTCFi revenue, and in August they plan to adjust the Gas economy to accelerate buybacks.
But despite these implementations, the coin price still hovers around 0.019, and liquidity remains weak.
For someone like me, deeply trapped with hundreds of times loss, selling feels unsatisfying because the ecosystem data (staking over 300 million coins, TVL recovering) is indeed improving;
Holding on feels scary, fearing another year of sideways movement.
Those who have been through a deep crash understand this feeling:
You know the project team is doing things, but the red numbers in your account are still glaring.
Not selling a single coin is not faith, it's numbness.
Also, I want to see with my own eyes whether this "revenue era" can really be reflected in the coin price.
⚠️ CORE current price is about 0.019 USDT, down over 99% from the 2023 peak. In the short term, there is still an unresolved $BTC dispute involving $150 million with Maple. Please DYOR before bottom fishing.
Snapshot at Aug 13, 2026, 12:58