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  • 17:03
    Analysis: Bitcoin Chips Approaching "Extreme Pullback Zone," Traders Preparing to "Swing"
    BlockBeats News, October 17, on-chain data analyst Murphy shared the market chip distribution based on UTXO Realized Price Distribution (URPD): Compared to yesterday's data, URPD saw an increase of 53,000 BTC around $104,700, which is close to the "extreme pullback range of $98,000 to $104,000." Traders waiting to buy the dip are preparing to "swing the bat." Yesterday's data showed that BTC chips loosened and were sold off at the high level ($117,000), and a new large chip bar was formed at $112,000, indicating that a large amount of capital bought the dip at this level, accumulating a total of 614,000 BTC, which is currently the largest bar in the entire chip structure. If BTC continues to fluctuate downward, based on the current chip structure, Murphy believes that "the extreme pullback range will occur between $98,000 and $104,000. Of course, the actual situation will be affected by macro policies, market sentiment, and unpredictable black swan events."
  • 17:02
    Analysis: Market risk appetite is at a historic high, making the path upward more volatile
    BlockBeats news, on October 17, trading information platform Kobeissi Letter pointed out that over the past two years, the leverage ratio of American investors has nearly doubled, similar to the growth rate after the 2020 pandemic. In September, American investors took on another $67 billion in margin debt, bringing the total to a record $1.13 trillion. Undoubtedly, risk appetite is at a historic high, with everyone wanting to participate in the artificial intelligence revolution. The proportion of US household stock allocation has reached a record 52%, which is 4 percentage points higher than the 48% peak in 2000 and twice the lowest point in 2008. Americans are pouring into the stock market. A 5x leveraged ETF for US stocks has just been submitted to the US Securities and Exchange Commission. These ETFs will cover everything from Nvidia to cryptocurrencies, which means that if Nvidia drops 10% in a single day, the leveraged ETF will drop 50%. The road to gains for risk assets will also become more volatile.
  • 17:02
    Goldman Sachs Forms Global Infrastructure Financing Team, Betting on AI and Energy Transition Opportunities
    BlockBeats News, October 17, according to The Wall Street Journal, Goldman Sachs (GS.N) is ramping up its efforts to enter the red-hot market of data center and other infrastructure financing, aiming to secure a larger share amid the artificial intelligence boom. According to sources familiar with the matter, Goldman Sachs is forming a dedicated team within its Global Banking & Markets division, focusing on global infrastructure financing business. This includes not only increasing lending in this sector but also finding investors for these debts. This move is driven by a new wave of multi-billion dollar deals involving AI data centers, their massive energy demands, and financing for processing units that support AI development. The new team will also focus on traditional infrastructure construction or upgrade projects in both developed and emerging markets. In addition, the team will be responsible for raising funds for renewable energy and certain types of liquefied natural gas projects, as well as providing financing for military and other equipment related to rising national defense expenditures.
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