Recently, the crypto market has ignited directly 🔥 $BTC Bitcoin has surged all the way, with a weekly increase of nearly 25%, and the price is approaching the $79,000 mark. Not only Bitcoin, but many small and mid-cap coins that were previously thought to be fading away have also seen a retaliatory rebound. Citibank has also reviewed this wave of market activity, and it believes: This is not simply a speculative frenzy, but an asset repricing driven by multiple factors resonating together. 📉 Macro: Weakening US Treasuries, cooling US dollar The trigger for the market came from the US Treasury market. Long-term bonds strengthened, and the US dollar index continued to weaken. The attractiveness of the US dollar declined, and funds began flowing into commodities and digital assets, directly driving Bitcoin's price upward. 📜 Policy: Regulatory expectations materialize, eliminating uncertainty Policy signals are another major driving force. The market expects the US Congress to soon introduce digital asset-related regulatory legislation. Once the regulatory framework becomes clear, the uncertainty hanging over the market will significantly decrease, and a large amount of cautious capital will choose to enter. 🧩 Micro: Bear market completes major chip turnover Besides macro benefits, changes in chip structure are also key. During the nearly one-year bear market, many retail investors sold chips at low prices. Many "old coins" held by retail investors were gradually taken over by institutions and professional funds. Chips concentrated from ordinary retail investors to institutions, accumulating upward momentum, which led to this explosive rally. $ETH $SOL #BTC加速拉升，资金还能继续接力吗？ #Anthropic plans to publicly file IPO documents by the end of August, fundraising may match SpaceX #

The market has once again proven that simply trading based on news often leads to losing direction. The developments from OpenAI are indeed negative news for the AI sector, but the movement in the storage sector yesterday revealed a completely different intention from the main funds. 🤔 Core contradiction: Why did the negative news not cause a drop but rather a “deep squat”? The logically negative news did not trigger a crash-like continuous sell-off; instead, it was a rapid, concentrated sharp decline. The most reasonable explanation behind this is that the main funds used this "obvious negative news" as a cover to complete a textbook-level "suppression and shakeout," aiming to clear floating shares and reduce burdens for subsequent actions. 📊 Ironclad evidence on the board: Let the adjusted data speak Don’t look at the news, look at the trend! Yesterday (August 18), the real closing performance of major storage giants was as follows, showing a sector-wide collective “deep squat”: ● SanDisk ($SNDK): Plunged -9.01%! Giving back a large portion of the gains from previous days. ● Micron Technology ($MU): Dropped sharply -7.02%! The strong upward trend was interrupted by a large bearish candlestick. ● SK Hynix ($SKHY Hynix): Fell -7.41%, indicating this is not an individual stock behavior but a unified action across the entire sector. ● Sector effect: Western Digital, Seagate Technology, Kioxia ADR, and others were not spared, with declines generally between 7%-9%, and the Philadelphia Semiconductor Index also plunged significantly. 💡