Today Trump's visit to the U.S. has ended. I see that many friends have summarized the agreements reached this time, but for me, it doesn't mean much to see what they say; mainly, it is about seeing what can actually be realized. Especially for me, although Xi Jinping said he supports Iran opening the Strait of Hormuz, in reality, WTI and Brent are still extremely high, and the smooth passage through the Strait of Hormuz has not yet been achieved.
With the end of the visit to China, U.S. stocks have seen another pullback following the CPI data, but over time it is gradually recovering. It seems that the FOMO for AI is still very strong, even driving Bitcoin to start turning around. Next Thursday is Nvidia's earnings report; every time Nvidia's earnings report feels like a test for AI. As long as Nvidia's earnings report is good enough, the FOMO for AI may not stop.
However, from the current situation of U.S. Treasuries, the bond market and the stock market are very disconnected. The yield on the 10-year U.S. Treasury has almost surged to 4.6%, while the yields on the 20-year and 30-year U.S. Treasuries have already climbed above 5.12%. The bond market no longer merely believes that there won't be a rate cut this year, but the probability of a rate hike has exceeded 50%. If we really return to a rate hike situation, I wonder if the AI FOMO can still be sustained.
Looking at Bitcoin's data, although the price of $BTC has fluctuated a bit more, there hasn't been any panic. The turnover rate isn't high, and the main participants in the turnover are short-term investors. This is what I have been saying all along: the recent data clearly shows an increase in long-term holders. More and more investors are losing interest in short-term trading.
Of course, still due to liquidity reasons, short-term investors are currently the ones most affecting the price. This is the same not only for Bitcoin but also for U.S. stocks.
#Bitget has arrived, it’s VIP! Crypto, U.S. stocks, CFD, all global opportunities in one stop layout.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
