Viewpoint: The market still needs at least 40 days to find its bottom, optimistic about the market trend in December and Q1 next year

On October 16th, in a recent "Future of Global Markets 2025" dialogue, NVIDIA founder Jensen Huang looked back on his "100,000x Return" investment story with Sequoia Capital. He emphasized that the combination of technological compounding and capital compounding was crucial in driving NVIDIA's transformation from a graphics chip company to an AI powerhouse. Looking back to 1993, Jensen Huang defied the odds with an almost negligible chance of success and strategically focused on accelerating computing. This decision ultimately led to the comprehensive rise of GPUs and AI. Jensen Huang's experience is not only a technological and capital miracle but also a source of inspiration for major breakthroughs in other technology fields. For instance, since Bitcoin emerged in 2009, it has experienced more than a decade of skyrocketing growth, witnessing the rapid development of cryptocurrency as a new asset class. This is highly similar to Jensen Huang's decision path starting from a 0% probabi

On October 16th, as per the monitoring of LookOnChain, "Big Brother Whale" Huang Licheng has once again experienced partial liquidation during the recent downturn. His address has lost more than $53 million in the past month on Hyperliquid.

On October 16th, according to HyperInsight's monitoring, the "Lightning Wave Hunter" with the address btc@tuta.com (0x880a) has been continuously adding short positions in multiple currencies such as TAO, PUMP, and MNT in the past few hours. By relying on precise short-selling strategies and high-frequency scalping, significant profits have been achieved. This address has realized a floating profit of more than $43.76 million in the past week. There is a short position profit of $14.47 million on PUMP, and a contribution of more than $10.55 million in profit from a short position on SOL. This address was once the largest short holder of PUMP and now holds a total position of approximately $34.4 million, which is a decrease of about $112 million from last week. The operator of this address tends to engage in scalping operations, quickly entering and exiting, with high frequency and a high win rate (70% win rate), and there have been frequent trades in recent weeks.

On October 16th, according to HTX market data, following a drop to 109,635 US dollars, Bitcoin promptly rebounded and rose above 111,000 US dollars. It is now being quoted at 111,340 US dollars.

On October 16th, as monitored by Onchain lens, with the continuous decline of the market, the well-known bankrupt trader James Wynn's long positions in BTC, ETH, and PEPE were liquidated once again, resulting in a loss of $163,500. The remaining balance in the address is currently only $35,300.

On October 16th, based on Coinglass data, within the past 1 hour, the entire network had liquidations of $115 million. The total long liquidations amounted to $106 million, and the total short liquidations were $7.6988 million.