Dibalik penurunan harga selalu ada peluang, dibawah ini chart 12M (tahunan) emas, ada pola Cup & Handle yang sudah breakout, dan penurunan saat ini adalah retrace turun di bekas trendline yg di Break, target naiknya di 14000-an, tapi ingat ya longterm (bisa puluhan tahun)
Jadi begini, ketika konfirmasi awal sudah muncul, tidak serta merta dalam 1-2 bulan langsung turun ke target, contohnya tahun 2011, setelah muncul konfirmasi (saya lingkari hitam) bulan berikutnya dalam 1 tahun malah retrace naik 2x
Namun retrace tersebut hanya small trend, big trend-nya tetap downtrend, dan untuk sampai ke bottom saya yakin juga butuh bertahun-tahun, contohnya di 2011 mencapai bottom di 2015
Emas sudah memberikan konfirmasi awal akan lanjut turun menuju target 2748-2818, butuh waktu 7 bulan sejak pertama kali saya posting roadmap dibawah untuk konfirmasi trend besarnya. Apakah akan lanjut turun terus atau retrace terlebih dahulu nanti saya cek di TF weekly-nya.
Putut Christyanto retweeted
Kenapa SBN makin susah narik asing?
Rumusnya begini:
Yield SBN wajar = yield UST + premi risiko gagal bayar Indo (CDS) + premi risiko rupiah melemah (FX risk)
Kalo yield SBN naik, tapi kenaikan CDS & ekspektasi pelemahan Rupiah (FX risk) ternyata lebih kenceng, expected return dalam USD buat asing malah turun.
Coba kita hitung2 kasar, per hari ini:
SUN 10Y sekitar 7.6%.
UST 10Y sekitar 5%, premi CDS Indo sekitar 1.03%.
Sisanya sekitar 1.6%, itu kompensasi untuk nutup risiko pelemahan rupiah.
Pertanyaannya, apakah 1.6% ini sepadan untuk nanggung risiko pelemahan rupiah?
Tahun 2019, waktu asing lagi rame2nya masuk SBN, angka ini ada di sekitar 4.6%, sekarang tinggal 1/3 nya.
Kalau market expect Rupiah akan melemah lebih dari 1.6% setahun ke depan, hitung2annya jadi ga masuk buat asing.
Apa yg lagi terjadi di Indonesia ini sebenernya ngeri2 sedap ya..
Bisa bayangin gak, Surat Utang RI (SBN) nyaris gak laku? Pemerintah mau gak mau nawarin yield (imbal hasil) yg tinggi, hari ini sampai naik dari 7,54% ke 7,7%
Asing pada jualan SBN (capital outflow) yang bikin yield kita meroket drastis. Habis jual SBN, mereka tukar Rupiahnya ke Dolar buat dibawa keluar, ini yang bikin Rupiah makin lemah dan bakal ngaruh ke semua aspek ekonomi kita
Di ekonomi riil, efeknya bank harus nawarin deposito lebih tinggi, tapi harga yg harus dibayar jadinya cicilan makin susah, perusahaan jadi harus lebih hemat buat produksi dan angka pengangguran bisa makin tinggi
Di saat yg bersamaan, capital market kita ini miris banget bjirr. CIO Danantara, Pandu Sjahrir bisa2nya jadi ‘pemain’ saham, di saat yg bersamaan jadi wasit ke MSCI juga. Nyang bener aje
Putut Christyanto retweeted
Apa artinya kenaikan yield obligasi negara ke ekonomi dan pasar saham?
Simak penjelasannya melalui video di bawah 👇
Top 9 AI Coins by Q3 2026 Revenue. Who’s actually generating real money?
$RENDER: $23.3M
$LINK: $14.6M
$ATH: $9.3M
$NEAR: $4.5M
$TAO: $3.0M
$VVV: $2.0M
$VIRTUAL: $636K
$ICP: $325K
$AKT: $33K
$VVV tripled its revenue from Q2, and $NEAR nearly tripled.
$VIRTUAL and $ICP each lost over a third. $TAO fell 17%.
$RENDER tops the list, but $21.4M of it landed in September alone, so watch whether that holds in Q4.
Over time, price tends to follow revenue.
Are you holding the right ones?
𝘋𝘢𝘵𝘢: 𝘈𝘳𝘵𝘦𝘮𝘪𝘴 (𝘘3 𝘳𝘦𝘷𝘦𝘯𝘶𝘦, 𝘑𝘶𝘭 1 𝘵𝘰 𝘚𝘦𝘱 30), 𝘤𝘳𝘰𝘴𝘴-𝘤𝘩𝘦𝘤𝘬𝘦𝘥 𝘸𝘪𝘵𝘩 𝘋𝘦𝘧𝘪𝘓𝘭𝘢𝘮𝘢
Putut Christyanto retweeted
AI Crypto Tier List 2026 sudah rilis:
Selanjutnya saya akan membagikan tier list untuk beberapa sektor crypto lainnya:
• DeFi
• Memecoin
• Layer 1
• Layer 2
• Gaming dll.
Setiap sektor akan saya bahas berdasarkan fundamental, adopsi, tokenomics, perkembangan ekosistem, dan potensi jangka panjang.
Semua akan dipublikasikan secara eksklusif di X subscription. Stay tuned. 👨🏻🍳
Putut Christyanto retweeted
If you’re selling gold because of fusion alchemy, you’re front-running a reactor that doesn’t exist, fed with mercury that costs 100,000x more than the gold it makes, to produce bars you couldn’t legally sell for 15 years.
Marathon Fusion’s idea is real physics, since fusion neutrons can turn mercury-198 into gold.
1. Even optimistic models give 2–5 tonnes per gigawatt plant per year, against roughly 3,500–4,000 tonnes of annual mine supply
2. Enriched mercury-198 sells for about $15,000 per milligram today, while gold trades near $135 per gram
3. The gold would need 14–18 years of storage before it can be sold, so a plant’s first sellable bar arrives well over a decade after it switches on
Last month, we demonstrated high-rate alchemy: turning mercury into real, stable gold, beating CERN’s record by a factor of 10.
Last week, we enriched isotopes in the world’s most powerful plasma centrifuge, beating the Soviet record that stood for 40 years.
Now, we’re building a fusion reactor in San Francisco to achieve record power density.
buat ngulik onchain, jangan cuma ngandelin satu wallet tracker
soalnya tiap tools punya kelebihan masing-masing, ini beberapa alternatif yang bisa kalian pake sesuai kebutuhan
tracking wallet & smart money
- @nansen_ai: onchain intelligence buat trader, wallet labeling sama smart money tracking
- @MetaSleuth: fund flow visualization, wallet monitoring, bisa buat tracing dana hasil hack
- @DeepBlueAlpha: real-time whale tracking di Ethereum
- @bubblemaps: liat holder cluster token, gampang ketauan kalo supply dipegang segelintir wallet
- @StalkHQ (stalkchain): stalking smart money, fokusnya di Solana
- @CieloFinance: wallet tracking di EVM, Hyperliquid sama Solana, sekarang ada trading terminal juga
trading + tracking
- @gmgnai: trading terminal, copy trade sama smart wallet tracking
- @MASTRtrade: trade Solana, BTC, EVM dari wallet sendiri, plus fund tracking sama token risk analysis
- @hypurrdash (hyperdash): analytics sama trading tools khusus Hyperliquid
data & riset
- @Tokenomist_ai: token unlock & vesting schedule
- @RootDataCrypto: database project, funding sama investor
- @stablewatchHQ: stablecoin yield & risk analytics
- @revertfinance: LP analytics buat AMM
- @growthepie_eth: open data & analytics buat Ethereum sama L2
- @_dexuai: social analytics buat tracking attention ke token
kalian biasanya pake yang mana?
Putut Christyanto retweeted
And Bitcoin? A new 4-year cycle bull market could be underway, based on its power law patterns. There doesn’t seem to be a narrative, but then again, bull markets rarely start with one.
Roadmap IHSG yg saya post di awal Juni lalu masih valid, worst target ke 4593 (based on trendline & Fib Retracement)
#IHSG target turun 5732 done, jika akhir Juni nanti IHSG gagal ditutup diatas 6854, maka probabilitas untuk turun lebih dalam semakin besar, dari chart 3 bulanan terlihat ada target turun di 4593-5198.
Putut Christyanto retweeted
I don't recommend anyone scramble to move their funds to new wallets today. But we should take the risks to cryptography from AI-accelerated math seriously, and minimize our exposure to not just quantum-vulnerable cryptography, but also potentially AI-vulnerable cryptography.
The core new area of risk from this viewpoint is, unfortunately, ML-DSA / FHE / lattices.
(and it's also another reason, along with quantum, why ECDSA might fall even faster than expected, hence the "fresh address" recommendation)
So far most people have been in the mode of thinking "elliptic curves broken, hashes safe, lattices safe". But there is a good chance that the concrete security of lattices will take serious hits from the next two years of AI math.
The basic threat model is: factoring is something that naively takes 2^(n/2) time, but over decades smart people have found and optimized number field sieves, and degraded that to 2^O(n^(1/3)), which is why RSA keys and signatures need to be ~400 bytes (and not 64 bytes). What if there are skeletons in the closet like that, both for elliptic curves and lattices, that we are simply not smart enough to discover - but bots soon will be?
This is a major part of the reason why for the past year ethereum's lean roadmap has been going in the "hash-only" direction: no lattices, no ML-DSA, no Falcon, no lattice-based commitments inside ZK proofs, etc. Signatures in lean ethereum are all hash-based, either WOTS or SPHINCS-.
For signatures and proofs, we already know how to go hash-only. The bigger challenge is for *public-key encryption* - and this goes far beyond blockchains. Secure communication, anonymizing protocols, lots of things need public-key encryption.
And unfortunately there are long-standing mathematical theorems showing why public-key encryption cannot be done with hashes alone. You have to have some kind of trapdoor object that has at least one form of usable "structure" - either group theory (incl. isogenies) or lattices or code-based or potentially in the future even more newfangled and spooky things (local mixing?). But for anything that has structure, you should assume that AI will make at least some progress in breaking that structure. Here, one reasonable inference is that if you want to make something plausibly long-term secure, multiply the key sizes by 10.
To me that's a very plausible world and something not at all extreme to predict. If AI will bring us 50 years of math in 2 years, then that 50 years of math may very plausibly include a "naive factoring -> GNFS" level of improvement to our ability to break lattices. In that world, lattices will still exist, but they will have to be significantly bigger to guarantee the same level of safety.
And at those new larger sizes, hash-based constructions will beat lattice-based constructions on concrete efficiency in every use case where hash-based constructions are possible at all.
Theoretically, of course it's possible that hashes are broken too (eg. P = NP would imply that). But I think P = NP is very unlikely. And intuitively, it's much more likely that a mathematical object has exactly no exploitable structure (like hashes are intended to), than that a mathematical object has exactly ~3 forms of exploitable structure (for elliptic curves: associativity, Schoof, pairings) and not some secret fourth form of structure we have not yet discovered that greatly degrades its security (for elliptic curves, ECDLP and pairing security). Similar for LWE, SVP, RLWE and the zoo of lattice problems.
For this reason, we do not yet see any reason to worry and start padding the byte size of hashes (if we start to worry more, we would pad the round count first before doing anything to the byte size).
Concrete TLDR, my own personal views:
* Hash-based > lattice-based, in those situations where hash-based is possible at all
* For anything lattice-based, be much more paranoid on param sizes. Remember that blockchains are only a small portion of the cryptography story; this point goes far beyond blockchains and applies to eg. access to websites, secure messaging, Tor / VPNs ...
* For privacy protocols, strongly favor NOT putting encrypted notes onchain. Instead, send them offchain through some third-party mechanism.
* If it's not difficult for you, keeping your funds in addresses which have not yet been used to make a transaction is a good idea. If it's easy for you, do it. **But be careful about migrations; I personally have lost more money in botched migrations than I have lost in all hacks combined**.
* For multisig wallets, doing confirmations offchain is better than onchain, because this way the signatures of signer wallets do not get exposed to the public, so if ECDSA falls to AI much faster than expected, at least the multisig "gracefully degrades" to a 1-of-1 where the 1 is whoever was gathering the signatures - a much better place to be than "anyone can take the money"
firefly.social/post/x/210783…
Putut Christyanto retweeted
Justin Drake, researcher di Ethereum Foundation, baru saja menyampaikan pandangan pribadinya soal "bunker mode", ajakan agar industri mulai bersiap menghadapi risiko AI terhadap keamanan crypto.
Konteksnya sederhana.
Setiap wallet punya private key dan public key.
Dengan matematika yang kita kenal saat ini, hampir mustahil mencari tahu private key hanya dari public key.
Itu yang menjaga Bitcoin dan Ethereum tetap aman lewat algoritma tanda tangan digital bernama ECDSA (Elliptic Curve Digital Signature Algorithm).
Kekhawatirannya: AI semakin jago di matematika, dan bisa saja menemukan jalan pintas yang mengubah asumsi itu, bahkan sebelum quantum computer dianggap siap.
Skenario terburuknya, menurut dia, dalam hitungan bulan, bukan tahun.
Salah satu pemicunya, OpenAI baru merilis 722 hasil research matematika dari internal frontier model mereka.
Saat ini, belum ada metode yang diketahui publik untuk memecahkan ECDSA, dan hasil research OpenAI tidak melaporkan serangan nyata ke ECDSA.
Ini langkah antisipasi, bukan kejadian yang sudah terjadi.
Saran Drake, terutama untuk para whale: pertimbangkan memindahkan sebagian besar funds ke address baru yang public key-nya masih tersembunyi di balik hash.
Drake juga menekankan agar tidak terburu-buru dan tidak panik.
Today I call upon the blockchain industry to calmly begin planning for "bunker mode". My personal recommendation is to set in motion a controlled mass migration of assets to fresh addresses, i.e. addresses whose pubkeys remain hidden behind a hash.
Holders, starting with large and sophisticated ones, should consider moving the bulk of their funds to addresses that have never signed a transaction. And when they do sign one, they should also move remaining funds to a new address (possibly generated from the same seed phrase).
Don't rush. While I believe there is cause for action a rushed migration would do more harm than good. Don't panic either. Moving assets to protected addresses is a simple, preventative step which does not require new cryptography or new wallets.
IMO it is now reasonable to brace for the possibility that ECDSA breaks before qday, in the worst case in months not years. By "break" I mean fast private key recovery (e.g. in one week) on available hardware (e.g. a large GPU cluster).
Recent days have been humbling for human mathematical intuition. Long-held, unquestioned hypotheses have fallen. This includes the n log(n) bound for integer multiplication and the 3SUM conjecture. In hindsight, May's unexpected disproof of the Erdős unit distance conjecture was our warning shot.
Yesterday's OpenAI drop made it clear that mathematical superintelligence is upon us. They say there are weeks where decades happen. We are about to live through weeks where centuries of mathematical progress happen. Could our magic 64-byte ECDSA signatures be too good to be true? Was it just security through obscurity all this time?
Elliptic curves feel especially vulnerable to superintelligence. Curves carry rich structure, with room for fancy tricks like Schoof, Frobenius, pairings. (By contrast, hashes are designed to minimise algebraic structure.)
Separately, as Ewin Tang can attest, an efficient quantum algorithm sometimes foreshadows an efficient classical one. We should be open to the possibility of a classical counterpart to Shor that breaks elliptic curves and RSA at once.
Also noteworthy is the striking under-representation of cryptographic breakthroughs among the 722 mathematical results OpenAI published. I've witnessed first-hand the US government censoring academic quantum cryptanalysis results. Backroom interventionism is my base case.
I urge large, sophisticated actors to lead by example. Project11's "risq list" (bitcoin-risq-list.projecteleven[.]com) is a great tracker of exposed BTC pubkeys. Binance, Bitbank, Robinhood, Bitfinex, and Tether have an opportunity to harden their cold storage. Next month I'll address institutions in London in a live Q&A (forum.ethereuminstitutional[.]org/london-2026).
Again, please do not rush. Wallets holding under 50 BTC enjoy partial cover from "Satoshi's shield", i.e. his 20K exposed addresses that hold 50 BTC each. Load-bearing signers like oracles and L2 security councils should consider rotating ECDSA pubkeys with every signed message and/or multi-signing with a hash-based schemes like SPHINCS.
Exiting bunker mode safely will require post-AI cryptography. My inclination is to go all-in on hash-based cryptography and avoid structured mathematical assumptions entirely, whether from curves, lattices, or isogenies. A single battle-tested hash (e.g. from the SHA or BLAKE families) yields plausible post-AI security.
The Ethereum roadmap on strawmap[.]org fully embraces hash-based cryptography with end-to-end formal verification as a response to the quantum threat. Those timelines must now be revisited and accelerated in light of mathematical superintelligence. I'll be pushing for maximum defensive acceleration.
Putut Christyanto retweeted
Mirip polanya dengan temuan survei @indikator: responden yang sebelumnya "makan tabungan" (mantab) bergeser ke "makan utang" (maut).
Laporan mendalam tvOne News hari ini menyajikan kenyataan pahit yang makin tak terbantahkan: masyarakat Indonesia resmi bergeser dari fase "Makan Tabungan" menuju taraf yang jauh lebih mengerikan, yaitu "MAKAN UTANG" demi sekadar menyambung hidup sehari-hari.
Ketika Istana terus mengagungkan klaim pertumbuhan ekonomi di atas kertas, data riil di lapangan membongkar borok yang menghancurkan kelas menengah-bawah :
1. Utang Konsumtif Tembus Rp156 Triliun.
Akumulasi utang rakyat lewat pinjaman online (pinjol) dan paylater melonjak fantastis menembus angka Rp156 Triliun. Ekonom senior INDEF (Tauhid Ahmad) menegaskan ini bukan lagi untuk belanja modal atau gaya hidup, melainkan murni untuk membiayai beras, minyak goreng, dan telur akibat pendapatan riil yang tak lagi cukup.
2. Tabungan Ludes, Terjebak Bom Waktu Bunga Pinjol.
Setelah tabungan keluarga terkuras habis selama 2 tahun terakhir dihantam inflasi pangan, rakyat kini dipaksa masuk ke lubang utang ber bunga tinggi dan denda akumulatif yang menciptakan bom waktu finansial massal.
3. Disparitas Upah vs Inflasi Pangan akibat Ugal-ugalan Fiskal.
Pemicu utamanya sangat jelas: gaji/upah stagnan, tetapi harga kebutuhan pokok terus merangkak naik. Di saat yang sama, APBN justru dibakar ratusan triliun untuk proyek-proyek sentralistis pemborosan (seperti MBG & Kopdes), sementara kelas menengah dibiarkan terjepit tanpa jaringan pengaman sosial.
Vonis untuk Pengelola Negara:
Mengelola ekonomi itu diukur dari terisinya piring dan isi dompet rakyat di akar rumput, bukan dari retorika pidato dan manipulasi angka statistik! Ketika rakyat harus berutang pinjol hanya untuk makan beras, di situ rezim telah gagal total menjaga kedaulatan ekonomi warga.
Stop pemborosan APBN demi proyek kosmetik, tekan inflasi pangan, dan kembalikan daya beli rakyat sebelum krisis utang konsumtif ini meledak menjadi krisis finansial nasional.
Penurunan harga emas hampir menyentuh target 3925 dengan Low di 3942 dan saat ini rebound naik, apakah artinya trend penurunan emas sudah selesai? Belum , selama kenaikan ini tidak menembus resisten 4730 maka emas masih berpotensi untuk turun kembali.
#IHSG daily chart False breakdown tgl 3 Juli kemarin, kalau bisa merusak resisten bearish box di 6060 maka pola naik ini akan lanjut sesuai roadmap dgn target 6555 & 6887, dilevel 6887 ini mesti hati hati karena secara chart 3 bulanan IHSG sudah breakdown support
#IHSG Pola Naik chart harian gagal dan chart 3 bulanan konfirmasi bahwa downtrend masih akan berlanjut, target 4593-5198







































