rebound

Bitwise Chief Investment Officer Matt Hougan stated that if the Clarity Act does not pass this week, the market may experience a brief fluctuation, but it will be prepared for a rebound in the fall.

According to GMGN data, the market capitalization of Robinhood Meme coin CASHCAT briefly rebounded to over 130 million USD, currently reported at approximately 114 million USD, with a daily increase of over 48%.Market Reminder: The price of Meme coins is highly volatile, and there may be rapid increases or corrections in a short period. Please pay attention to liquidity and position risks.

According to Onchain Lens monitoring, a Hyperliquid whale has recovered from a floating loss of approximately 4.77 million dollars, with a historical cumulative profit reaching 6.2 million dollars.Recently, it has closed long positions, with profits of about 1.33 million dollars from MU trades and about 32.7 thousand dollars from AMD trades. Current holdings include: 67,150 shares of Oracle long positions, with a holding size of approximately 9.74 million dollars and a leverage ratio of 2 times; 3,200 shares of Micron Technology long positions, with a holding size of approximately 2.94 million dollars and a leverage ratio of 3 times; 900 shares of TSMC long positions, with a holding size of approximately 378.6 thousand dollars and a leverage ratio of 2 times.

According to Jinshi reports, strong earnings have boosted investors' confidence in the prospects of artificial intelligence, driving the Nasdaq 100 index to rise 9.3% in just four days, marking the strongest rebound since April 2025, with a market value surge of $3.5 trillion.The rebound in the technology sector is broad-based, with increases seen in semiconductor companies, software firms, and hyperscale data center operators that have made significant capital expenditures. Investors favor companies that demonstrate tangible artificial intelligence revenue, while being cautious towards those with less obvious earnings.

CryptoQuant analyst Moreno stated that USDT liquidity is experiencing one of the most severe contraction phases in history. The market value of USDT has decreased by about 4 billion dollars over the past 60 days, approaching historically low levels. At the same time, the liquidity contraction is still accelerating, with the USDT supply decreasing by about 870 million dollars in the past 11 days, indicating that this is not merely a lagging effect caused by previous redemptions.Stablecoins are the most direct source of available liquidity in the crypto market, and the continuous expansion of USDT is usually accompanied by stronger price performance of BTC, while prolonged contraction phases often correspond to weak demand, market corrections, and declining risk appetite. However, the correlation between USDT flows and BTC prices does not prove a direct causal relationship; both may be influenced by risk-averse sentiment, with redemption pressure and spot selling occurring simultaneously. The current decline in BTC is not an isolated event but is happening against the backdrop of a continuous shrinkage of one of the main sources of market liquidity, which also explains why the recent rebound has been difficult to sustain. To improve the market environment, we need to see the 60-day change in USDT stabilize, daily supply contraction slow down, and re-enter an expansion phase.

According to GMGN data, the market capitalization of Robinhood Meme coin CASHCAT briefly rebounded above 90 million USD, currently reported at approximately 87.89 million USD, with an intraday increase of over 36%.Market reminder: The prices of Meme coins are highly volatile, and there may be rapid increases or corrections in a short period. Please pay attention to liquidity and position risks.

According to Jinshi News, Citigroup strategist David Chew stated that the European stock market is the only major market area where risk appetite has significantly improved recently, thanks to new capital inflows and better-than-expected corporate earnings performance.The report pointed out that last week, the investment sentiment for all major European stock indices improved, while relevant indicators in the U.S. market showed a decline in investor confidence. Chew also mentioned that the European market benefited from the European Central Bank's decision to maintain interest rates unchanged.

According to TradingBeats (formerly Hyperinsight) monitoring, SPCX continued its rebound today, currently reported at $114.69, up 5.5% in 24 hours, and rebounding 9.5% from its low. From yesterday to today, all 7 million-dollar addresses have established long positions in SPCX, currently holding a total of 238,800 shares, with a position value of approximately $27.386 million, a weighted average entry price of about $112, and a total floating profit of approximately $636,000. Among them, the address starting with 0xb37 contributed the largest single entry.This whale has cumulatively bought 147,500 shares of SPCX through 83 transactions since early this morning, with a transaction amount of approximately $16.958 million and a weighted transaction price of about $114.96; currently holding a long position of approximately $16.918 million with 20x leverage, which is its only current position. As of the time of writing, this position has a floating loss of about $40,000 (-5.1%), accounting for 61.8% of the total long positions of the aforementioned 7 addresses. Its liquidation price is $105.43, only about 8.1% away from the current price, close to SPCX's low of $105 last night; if the price falls back to last night's low, this whale will face liquidation risk first.Funding records show that this address received 1.449 million USDC yesterday morning and began establishing long positions in SPCX about 20 hours later. During the position building period this morning, the source address transferred an additional 350,000 USDC to it; the two recent transfers totaled approximately $1.799 million. This address first transferred in about 1 million USDC on July 10 and began trading. Since then, it has traded 21 assets, covering semiconductors, US stock indices, crude oil, and cryptocurrencies, with a cumulative profit of approximately $572,000.

Gilad Shainer, Senior Vice President of NVIDIA, announced at a recent technology forum that CPO has entered the mass production stage. The switches co-developed with the supply chain have begun delivery to closely collaborating customers and are being deployed in-house. It is expected that starting this year, switches equipped with CPO technology will be widely adopted in AI factories around the world.Shainer pointed out that the biggest opportunity in the future optical communication market lies in vertical scaling, which will require bandwidth efficiency more than ten times that of horizontal scaling. Previously, Shainer was responsible for R&D at Mellanox, and after the company was acquired by NVIDIA, he led the AI platform network transmission department and co-developed the COUPE silicon photonics packaging platform with TSMC. This announcement helps to dispel market concerns about the upgrade of optical communication specifications and boosts the operational outlook for related manufacturers.It is reported that NVIDIA has already implemented CPO on Spectrum-X, aiming to align with the upcoming large-scale deployment of the Vera Rubin AI platform (which has a computing speed at least three times faster than GB300). Trendforce estimates that the CPO/NPO market size will exceed $39 billion by 2030, with significant acceleration in growth momentum from 2028 to 2029 as optical interconnects are introduced with Scale-up.

Dongfang Harbor Chairman Dan Bin expressed his views this morning, stating that in July, the chip sector experienced a sharp decline and massive leveraged liquidations, but in the grand AI cycle, such a level of correction is both a necessary path and a sign of market health.The market has yet to fully understand the infinite demand potential of AI as an "intelligent" product. Concerns about capital expenditures from giants have echoed the early story of Amazon AWS, but the opportunities in AI are far greater. Funds are flowing back from low-quality tech stocks to high-quality targets, confirming the judgment of a "return of the king" by the end of 2026. Storage chips still face cyclical risks and high volatility, so it is advisable to wait for technical repairs, with a more optimistic view on fundamentally solid companies like Nvidia, Broadcom, and TSMC, as funds will flow more towards quality application layers.On the other hand, the business of hyperscale cloud providers is accelerating growth, with a large backlog of orders and an increasing growth rate, indicating that the previous punishment of capital expenditures was a misjudgment, and these investments will translate into certain future revenues. Looking ahead to August, the Nasdaq's rebound is expected to continue until Nvidia's earnings report, and the tech sector's rolling adjustment is nearing its end, with funds accelerating back into high-quality tech stocks.In terms of specific sector operations, it is currently not advisable to blindly chase high prices in the chip and storage (memory) sectors. However, investors can adopt a short-term band trading strategy of buying on dips until the storage sector completely emerges from its bottoming pattern on a technical level.

According to Jinshi, this week the US stock market experienced rare fluctuations. Have those most eager to sell already sold out? The liquidation actions of star funds have triggered a rebound in AI stocks, and investors need to pay attention to the best judgment timing for next week's opening.

As market risk aversion increases, international gold prices have shown a mild recovery trend recently. According to CoinGlass data, gold (XAU) is currently priced at $4088.05, with a 24-hour increase of 0.68%. The total network position size is $858 million, of which Gate XAU's position amount reaches $174 million, firmly ranking among the top two in the industry; Tether Gold (XAUT) has a total network position size of $571 million, with Gate XAUT's contract position amount reaching $127 million, firmly ranking among the top three in the industry.

According to the latest ranking of stock derivatives exchanges released by RootData, as the global stock market rebounds, the 24h trading volume among the top ten exchanges shows significant divergence. As of the time of publication, Gate's 24h trading volume increased by 61.50% to $2.248 billion, ranking first in growth among the top ten exchanges.

According to Gate market data, U.S. stocks closed higher on Thursday, with the Dow Jones Industrial Average initially up 1.19%, the S&P 500 index up 1.67%, and the Nasdaq up 2.78%. Micron Technology rose 18%, SanDisk rose 26%, SK Hynix rose 17%, and Nvidia rose over 2%.The Nasdaq Golden Dragon China Index rose 1.05%, and iQIYI rose 4%.

According to Gate market data, U.S. stocks opened higher, with all three major indexes rising: the Dow Jones increased by 0.6%, the S&P 500 rose by 1%, and the Nasdaq climbed by 1.6%. Microsoft (MSFT.O) surged about 12%, with its cloud business growth in the fourth fiscal quarter far exceeding expectations.The storage sector saw significant gains, with SanDisk (SNDK.O) rising about 11% and SK Hynix (SKHY.O) increasing by about 7%.

According to Jinshi reports, analysts at ING pointed out that gold prices rose on Monday due to a sharp drop in oil prices, which eased inflation concerns and put pressure on the dollar and U.S. Treasury yields. This round of movement closely follows the pause in hostilities between the U.S. and Iran, with lower oil prices improving the outlook for non-yielding assets.The market is focused on the Federal Reserve and the upcoming U.S. inflation data to seek further guidance on interest rate prospects. If yields remain suppressed, gold prices should continue to find support around current levels.

According to a chart released by independent analyst Markus Thielen, there is a clear divergence signal between Bitcoin's price and the Relative Strength Index (RSI). The RSI recently fell to the 30% oversold range, then rebounded to about 50%, while the BTC price also rose from near its low to about $64,645.It is noteworthy that the purple downward trend line in the chart indicates that since the peak in June 2025 (around $125,000), BTC has been in a downward channel, and the current price is still under pressure from this resistance line. Whether it can effectively break through will be key to judging the subsequent trend.