AMD tests the "truthfulness of the chasing story," while Nvidia tests the "rationality of leading companies spending money," and DCF valuation tells us that the margin for error for the former is much lower than that of the latter.

The global cryptocurrency market capitalization is 2.24 trillion dollars, down from 2.32 trillion dollars last week, a decrease of approximately 3.45% within this week.

August Major Exam Countdown: Forks, Interest Rate Hikes, AI Out of Control Hotcoin Research | July 27, 2026 - August 2, 2026

BTC retraced over 50%, the total market value, trading volume, financing activities, and the number of new projects in the crypto sector have simultaneously contracted, with bear market pressures already transmitted from asset prices to industry operations.

Amazon.com Inc. (Nasdaq code: AMZN) is one of the highest valued companies in the world.

The policy bottom has appeared, the clearing of leverage has entered the later stage, and the narrative of AI demand has been reaffirmed by Microsoft. However, the expectation of interest rate hikes in Japan has not materialized, and the supply cycle of storage has not been validated, which determines that the current situation is still far from being able to.

In history, some technical bear markets are the starting point of V-shaped reversals, while others mark the beginning of deep bear markets. What is the difference? The key point lies in whether the source of selling pressure has actually emerged.

The long-term demand logic for chip stocks (driven by AI) still exists, but short- to medium-term macro headwinds (geopolitical issues, oil price fluctuations, profit adjustments) are suppressing valuations.

In response to the complex market environment, the margin trading and options services launched by BIT brokerage are providing traders with multidimensional risk management and capital enhancement pathways.

When the market realizes that "monopoly status is no longer eternal," the reconstruction of valuation will happen swiftly.

The global cryptocurrency market capitalization is 2.32 trillion dollars, up from 2.27 trillion dollars last week, with an increase of approximately 2.2% this week.

In an environment of high VXN, the short-term volatility of technology stocks may be further amplified. Any earnings report that falls short of expectations, any negative macro news, could become the straw that breaks the camel's back.

- US stock risk forms: ordinary stocks, leveraged ETFs, stock perpetuals, and leveraged ETF perpetuals may track the same underlying assets, but correspond to different ownership rights, income objectives, and risk mechanisms.