Sunday's homework is a bit simpler. Honestly, today's price movement was almost dead in the water—there was barely any action all day. But starting at 9 PM Beijing time, we saw a gradual pump. I checked during that time and didn’t notice anything particularly noteworthy. Not sure if it’s related to the buzz around Cook holding $BTC and $ETH, but I did see many friends in the Chinese community interpreting Cook’s 2021 crypto holdings as if it were a recent interview. Of course, based on my personal understanding, there’s still a chance Cook continues to hold crypto, at least Bitcoin. But if people are treating this as a short-term bullish signal, it might be a bit of a stretch. Starting tomorrow, October’s challenges will kick off. October has a few headaches: the "Token2049 conference dip" theory, midweek U.S. labor data, and a whole lineup of Fed officials set to start speaking. Some friends also asked if next week’s Chinese holiday will impact the market. My personal view is simple: liquidity in the Asian time zone is already pretty low. Even Korea and Japan haven’t contributed much trading volume to Bitcoin during Asian hours. While China’s holiday might cause some market makers to take a break, the impact on liquidity should be fairly limited. Looking back at Bitcoin’s data, turnover continues to decline, but it hasn’t yet reached the sub-50,000 BTC turnover level I mentioned before—it’s still above 50,000 BTC. This suggests that retail investor sentiment hasn’t fully stabilized yet. Let’s wait and see Monday morning’s U.S. stock futures data. Other than that, I think things are okay. URPD data still shows that long-term investors aren’t panicking. The price distribution remains very healthy, and even those trapped at higher levels still show strong holding intentions, with no signs of mass selling. So overall, I think the market is relatively stable for now—let’s see if any new bearish news pops up. This post is sponsored by Bitget ｜ @Bitget_zh