Orange Evening Interpretation 9.25 After two consecutive days of V-shaped fluctuations in the market, Da Bing finally lost its momentum today. Last night's rebound had the intention of impacting 11w4, but after failing, it leaked out. Moreover, there was no rebound during the day today, which is significantly different from the previous two days. As the saying goes, the market will weaken three times in one go, and the disappearance of today's rebound also means that the short-term Da Bing has completely flattened The better point is that there is still some support for ETF funds. Last night, a net inflow of 240 million yuan continued. In contrast, Ethereum was miserable. Tom Lee, the savior of ETH in the past few weeks, turned into a rat that everyone shouted. Last night, AK directly sprayed Tom Lee, saying that his argument of bullishness towards ETH was very weak, and sent a long article to fight back one by one. This afternoon, he directly described ETH as Luna 2.0. Originally, the ETH community was going to tear up AK, but today's market was really not awesome. At noon, it fell below 4000 points, and we obviously lacked confidence. However, I have always had no good opinion of AK. This April, He is also the one who tries his best to empty ETH to 1000. In addition to deciding his head by his buttocks, he may also take advantage of this wave of ETH callback to scrape the traffic of tom lee. After all, one is a Wall Street tycoon, the other is a VC in the currency circle, and there is a gap between the two sides, AK has stopped focusing on the cryptocurrency industry in the past year and has participated in many investments in AI and robots, indicating that he is always eager to invest. While AK may have been a big shot during the last DeFi Summer, there are really no outstanding investments in this round and he doesn't deserve to be compared to Tom Lee. In addition, no matter how big Tom Lee's mouth is, he is currently the only company in ETH's treasury that is still actively selling goods. This week's purchase of 264000 ETH can also be traced. In contrast, ETHM's last purchase of ETH was on August 10th, and the 150000 ETH that was replenished on September 7th was also invested by someone, not bought from the secondary market at all; Since September 7th, sbet has been buying 3.9w pieces, and in the following weeks, they have been buying hundreds of pieces, which can be basically ignored; The Ethereum Foundation is just ridiculous. It ships every week, with as few as 1000 and as many as 4000. It can be said that Ethereum has performed poorly in the past year, and the foundation will bear the big responsibility. However, in this round of ETH rebound, I think 8 successes will be attributed to BMNR, and 2 successes will be attributed to SBET. As an ETH holder, I am very grateful and sincerely hope that Tom Lee can become the next speaker. Speaking of the counterfeit market, now most of the live people on the internet have surged to the top of the PERP DEX's brush volume. Many KOLs have already opened their own brush volume scripts, and the wear and tear is basically around 1.5% per ten thousand. The popularity can be seen from the number of group chats. A regular cryptocurrency trading group with 100 chat records per day is good, while a brush volume robot exchange group with 10000 records per day, Aster's daily income has reached 12m, which is more than 5 times that of Hype. Personally, I think this track is already overheated and a bit like fcoin back in the day, so I think those without much technical foundation should not rush in. Firstly, compared to those scientists, the amount you brush can be almost ignored. Secondly, Aster has clearly stated that there will be no reward for brushing volume, and it needs to be used truthfully. Thirdly, the reward only specifies the amount and scale, without mentioning the unlocking conditions and other details. In other words, how to allocate it in the end is up to Aster. The probability of being kicked back or doing nothing under this black box operation is very high. I think it's better to brush light, edgeX For those who have not issued coins, it is best to use a real account, such as if you are a high-frequency contract player, and then go to the chain for trading. This is the safest approach. Finally, there is a policy risk in the near future. Yesterday, Caixin reported that several Chinese funded institutions were explicitly required to shrink their cryptocurrency business in Hong Kong, and the Caiku company model is likely to be restricted. It is clearly stated here that cryptocurrency investment, trading, and issuing RWAs Stablecoins and other institutions have been asked to temporarily suspend their business operations. It seems that Hong Kong will also have restrictive policies on encryption. Old leeks who have experienced 94 will definitely attach importance to Caixin's reports, after all, 94 started with Caixin. When it really happened, we realized that Caixin had already given us spoilers for a long time. Therefore, this wave may have new 94 or 924 policies. Although the scale of participation in the domestic cryptocurrency market is much smaller than in previous bull markets, even foreigners as the main trading force will carry out hedging operations on this policy. Therefore, this may be one of the reasons for the recent market downturn, especially in the past few days when Futu and Tiger Securities did not allow mainland residents to open accounts. It is possible that there are really A series of similar policies emerged and inexplicably dealt a blow to the cryptocurrency industry.