Expand 11.2 Bitcoin Price Analysis: The Bitcoin rebound has basically reached its limit, time to short. If it fails to break through here, be prepared for another shorting opportunity around 113,000. (Bitcoin Contract Trading) Commander

Expand Out of boredom, I stumbled upon a tweet from a friend who's an entrepreneur, talking about his recent work on something that "makes data move on its own." I paused for a couple of seconds: data can move on its own? Later I learned he was referring to @irys_xyz. Think about it: the data systems we used to use were all about "storing → retrieving → processing by other programs," like throwing a file into a black hole—you need someone else to retrieve it. But on Irys, the data isn't static. It's like hiring a capable assistant—it can set permissions, set billing, distribute data, and even execute logic automatically. For example: Previously, selling a dataset on the blockchain required writing a smart contract, configuring storage, and calling an external API; Now, on Irys, you can directly write rules into the data file itself, such as: "Who can access it?", "How much per access?", "What action is triggered after access?" The data itself can determine, execute, and settle the transaction—the entire logic is completed at the storage layer. How is this achieved at the underlying level? Irys uses a dual-ledger system: one ledger, called the Submit Ledger, handles rapid verification and sorting; the other, called the Publish Ledger, ensures permanent storage and traceability. One is fast, the other stable; their combination allows data to respond in real-time while maintaining integrity and security. It's EVM compatible, meaning developers don't need to learn a bunch of new stuff; they can directly write logic onto the data using existing Ethereum tools. My friend later told me with a laugh: "Data on Irys isn't static files; it's smart assets that 'talk.' Silent data—but when data is on Irys, it can talk." I didn't quite understand at first, but now I do. Traditional data is "passively stored"; Irys data is "actively executed." While others are still figuring out "how to read data," Irys is already making data "do things itself."

Expand Coai, a top-tier AI investment platform from a leading university, is rumored to have received $40 million in investment and is about to launch its DAT. This is the kind of coin I'm hesitant to chase when it goes up or buy when it goes down. Theoretically, it's currently in a bottoming pattern. Also, the AI sector seems to be experiencing a resurgence, so this coin should attract more market attention. However, seeing so many long positions in the futures market makes me hesitate. Is there anyone knowledgeable enough to analyze whether it's time to go long or short?

Expand Historically, during economic downturns or periods of heightened social uncertainty, people generally: Lose confidence in the future and seek immediate gratification; face cash flow difficulties but crave overnight riches; Consequently, gambling, lotteries, and speculative trading often flourish against the trend. 📉After the Great Depression in the United States in 1929, illegal casinos proliferated; 📉After the 2008 financial crisis, online gambling and sports betting platforms exploded; 📉During the 2020 pandemic, retail investors' "gambling-like trading" (GameStop, options, meme coins) became a social phenomenon. Today, "gambling" is no longer just about casino chips. It is constantly evolving into speculative behavior with informational value: Stock option markets (betting on volatility) Cryptocurrency contracts (betting on trends) Prediction markets like Polymarket (betting on the outcome of real events) These platforms satisfy the same psychological mechanisms as casinos: Risk, suspense, probability, and immediate feedback. But they have an added layer of "rationalization": "I'm not gambling, I'm pricing the future." The relationship between economic recession and the gambling industry is essentially about the "premium of hope." The root of the gambling industry's prosperity is not wealth, but the scarcity of hope. When overall social opportunities decrease and social classes become rigid, gambling becomes a lifeline for ordinary people to "defy fate." During economic recessions, the gambling industry inevitably prospers; but its form will evolve from traditional casinos → online gambling → financial derivatives → prediction markets; The "truth-revealing layer" of the future world may no longer originate from the news, but from betting odds.

Expand Due to market uncertainty, open interest in Bitcoin futures contracts decreased by 2.5% to 35.6 million shares.

Expand I'm really curious how Giggle got to this point... Although market liquidity was poor, it clearly improved somewhat today, with prices rebounding slightly before hitting new lows again. While there are no market makers, such high turnover and contract trading volume can't all be from retail investors... This thing is even more abstract than TST and White Bar...

Expand Price difference equals profit! OKX Smart Arbitrage: Spot buying + contract hedging Automatically captures market price differences, plus collateralized returns.

Expand If you're stuck with losses, don't be discouraged. A group of top traders on Binance Futures, with tens of thousands of subscribers, are also experiencing paper losses. This is especially true for top Bitcoin traders; both long and short positions are trapped. Looking at their trades, they all had 120,000 long positions and 100,000 short positions, now totaling 110,000 in BTC – a loss on both sides.

Expand I haven't recommended many secondary market stocks recently, and I remain cautious about the market outlook. Manage your positions carefully. My pessimistic view is to buy the dip around Christmas, for reasons explained earlier. I'm continuing to hold the previously recommended $APE. Today, I'm recommending $Bluai, available on Binance for both Alpha and futures trading. The 0.021 level is quite good, and there are anticipated positive developments. Buy more if it dips.

Expand We often say that blockchain is a trust machine, but in my view, current smart contracts are more like amnesiac geniuses. They can execute complex logic instantly, but they can't remember what happened yesterday, let alone make smarter decisions based on past experience. This directly leads to two real dilemmas: 1. Idle Data Goldmine: Massive amounts of user behavior data are stored on the blockchain, but DeFi protocols can't offer better interest rates based on your transaction history, and games can't provide personalized content based on your achievements. It's like owning a gold mine but having no tools to mine it. 2. High Cost of Innovation: Any innovation involving historical data or complex calculations faces exorbitant gas fees, effectively shackled developers' imaginations and keeping blockchain applications at the level of basic financial tools for a long time. The root of the problem is that blockchain sacrifices memory and computing power for security and decentralization, which is a reasonable trade-off. However, if we want to move towards true data-driven and intelligent systems, we must help this amnesiac genius recover. Brevis @brevis_zk The solution presented me with a remarkably ingenious approach to breaking the deadlock. Instead of attempting to fundamentally alter the blockchain's underlying structure, it chose to act as an external brain. My understanding is that Brevis (@brevis_zk), through zero-knowledge proofs, cleverly separates computation from verification. The heavy workload of data querying and computation is moved off-chain, while the on-chain focuses on its core competency: verifying lightweight ZK proofs. This not only solves the gas fee problem but, more importantly, opens the door to the past and the world of complex computations for smart contracts in a trust-minimized manner. This is not merely a technological upgrade but a liberation of imagination. We can expect DeFi that truly understands you, automatically adjusting lending amounts and interest rates based on your credit history. We can also expect self-verifiable on-chain games that implement more complex logic and fairly distribute rewards. Finally, we can anticipate transparent on-chain reputation systems that accumulate and verify your contributions and reputation across protocols. The emergence of coprocessors like Brevis may mark a new stage in blockchain's evolution, moving from a trust machine to an intelligent data machine. Its significance lies in the fact that we are no longer limited by the chain's computational power but can infinitely extend the boundaries of blockchain's perception and thinking.