Bitcoin’s apparent demand has clearly improved, but it is still negative; it is currently -32,000 BTC. When Bitcoin entered this new range of consolidation in early June, estimated demand was -272,000 BTC.
This is a positive change, but it is not strong enough yet. A similar pattern was also observed in February and May 2026, after which demand weakened again. This may also be related to a decline in average mined volumes, as hashrate has fallen, implying lower production. Therefore, this is not yet strong enough to provide clear positive momentum, but this trend is worth closely monitoring.
Note: The calculation of apparent demand is the number of newly mined BTC minus the supply that has been unused for more than a year. In other words, this indicator is used to assess whether structural hoarding is sufficient to absorb newly generated network supply.
13F Unveiled | Nvidia’s Q2 Holdings Revealed: SpaceX Jumps to Second-Largest Stake—What Game Is Jensen Huang Playing Next?
Nvidia’s relationship with Musk is no longer just about “selling chips” and “buying chips.” Today, $Nvidia (NVDA.US)$ disclosed its Q2 holdings report, for the first time publicly revealing its position in SpaceX: as of June 30, the company held approximately 123 million shares of SpaceX Class A stock. At the end of the quarter, the position was valued at about $21 billion, accounting for 33.06% of its disclosed stock portfolio—second only to Intel—making it Nvidia’s second-largest equity holding. According to FactSet’s statistical definition, Nvidia also entered the ranks of SpaceX’s top six shareholders. What is even more noteworthy is that this is not a typical secondary-market purchase; rather, it is a strategic layout orchestrated through a combination of xAI investment, SpaceX acquisitions, and chip procurement.
13F Unveiled | Nvidia’s Q2 Holdings Revealed: SpaceX Jumps to Second-Largest Stake—What Game Is Jensen Huang Playing Next?
Nvidia’s relationship with Musk is no longer just about “selling chips” and “buying chips.” Today, $Nvidia (NVDA.US)$ disclosed its Q2 holdings report, for the first time publicly revealing its position in SpaceX: as of June 30, the company held approximately 123 million shares of SpaceX Class A stock. At the end of the quarter, the position was valued at about $21 billion, accounting for 33.06% of its disclosed stock portfolio—second only to Intel—making it Nvidia’s second-largest equity holding.
According to FactSet’s statistical definition, Nvidia also entered the ranks of SpaceX’s top six shareholders. What is even more noteworthy is that this is not a typical secondary-market purchase; rather, it is a strategic layout orchestrated through a combination of xAI investment, SpaceX acquisitions, and chip procurement.
13F Unveiled | Nvidia’s Q2 Holdings Revealed: SpaceX Jumps to Second-Largest Stake—What Game Is Jensen Huang Playing Next?
Nvidia’s relationship with Musk is no longer just about “selling chips” and “buying chips.” Today, $Nvidia (NVDA.US)$ disclosed its Q2 holdings report, for the first time publicly revealing its position in SpaceX: as of June 30, the company held approximately 123 million shares of SpaceX Class A stock. At the end of the quarter, the position was valued at about $21 billion, accounting for 33.06% of its disclosed stock portfolio—second only to Intel—making it Nvidia’s second-largest equity holding.
According to FactSet’s statistical definition, Nvidia also entered the ranks of SpaceX’s top six shareholders. What is even more noteworthy is that this is not a typical secondary-market purchase; rather, it is a strategic layout orchestrated through a combination of xAI investment, SpaceX acquisitions, and chip procurement.
Bitcoin’s apparent demand has clearly improved, but it is still negative; it is currently -32,000 BTC. When Bitcoin entered this new range of consolidation in early June, estimated demand was -272,000 BTC.
This is a positive change, but it is not strong enough yet. A similar pattern was also observed in February and May 2026, after which demand weakened again. This may also be related to a decline in average mined volumes, as hashrate has fallen, implying lower production. Therefore, this is not yet strong enough to provide clear positive momentum, but this trend is worth closely monitoring.
Note: The calculation of apparent demand is the number of newly mined BTC minus the supply that has been unused for more than a year. In other words, this indicator is used to assess whether structural hoarding is sufficient to absorb newly generated network supply.
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Fellow martial arts friends, today I’m going to announce a major piece of news! The latest wave of hype around LUCiC has already caught fire, and even bnb has started to rise as well. The market for LUCiC NFT cards changes by the hour—hesitate in the morning and it’s a whole tier more expensive by the evening; watch today, and tomorrow you’ll be slapping your thigh in regret. Making money in the jianghu, the most taboo is a single “wait.” Wait for the market to stabilize? Wait for prices to drop? Wait for others to go first? No matter how you wait, by the time you’re done, the updraft has passed, the meat has been eaten by others, and you won’t even get a sip of soup. Real veterans never chase the highs, and they never miss the open window—when the heat first kicks in, they lay the groundwork; before prices peak, they get onboard. Right now the cards are climbing step by step. If you enter now, you’re going with the momentum; if you come one step later, you’re just taking the bag at the high point. Stop asking, “Can I still get in?” The market doesn’t wait, and opportunities don’t turn back. Hurry up and get onboard—together with the Bright Community, when the wind rises to dig for gold, we’ll turn things around and make it ashore!
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They got the license approved and immediately transferred tokens to an exchange?
WLFI, which is supported by Trump, has just received a banking license (OCC approved it with conditions). It looks like good news—but the related address then transferred 39 million WLFI tokens (about $2.19 million) to an exchange right after.
As you know, WLFI’s performance hasn’t been great before. The timing of this “approval letter received, tokens transferred out” is certainly suspicious.
The market generally wonders: is this normal liquidity management, or are they using the good news to sell off?
If even the project team is selling, then the real value of this “compliance-positive” development needs to be reconsidered. The movements of stakeholders are worth closely monitoring. #特朗普 #WLFI
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Every day, the market is filled with legends of “doubling” and sudden surges that tempt us to break the risk controls we already have.
But those high returns chased without a margin of safety are, in essence, just gambling with fate.
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Learn to say no to market situations you can’t understand or can’t quantify risk for. That is the core underlying logic for protecting your assets.
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What Is the Financial Four-Way Method? The Financial Four-Way Method is: One quarter for personal use in daily life; One quarter for reinvestment; One quarter for emergency savings; One quarter for merit-based donations. Applying the Financial Four-Way Method rationally helps us learn to freely manage our wealth, and it also brings us blessings and strength.
S&P 500 Technology: 75% of stocks reclaim above the 200-day moving average; historical averages suggest a potential upside of up to 33.4% over the coming year
On August 14, 75% of the stocks in the S&P 500 Technology sector closed above the 200-day moving average for the first time since October 2024. This marked the first time the sector touched that threshold in 2024. The move ended a prolonged stretch of weakness lasting 219 trading days. It is the ninth-longest downturn of its kind on record. Historically, the longest such period lasted as long as 759 trading days, ending after the dot-com bubble burst on April 22, 2003. Based on historical data, after these extended periods of weakness end, the technology sector has typically risen by an average of 2.5% over the following one month, 7.3% over the next three months, 15.5% over the next six months, and a remarkable 33.4% over the next twelve months.
August 15, Michael Hartnett, BofA Securities’ chief strategist, said in a recent report that in the current AI bubble environment, the optimal investment strategy is to go long both AI tech leaders and neglected “loser” assets that the market has long overlooked, in order to capture two-way returns during the final blow-off stage of the nominal GDP bubble, and to recommend shorting AI bonds. BofA’s bull-bear indicator edged down slightly from 9.7 to 9.3. It remains in an extreme bullish zone and continues to hold a “sell” signal, but global equities have still risen since the signal was issued in May. The report emphasized that capital is structurally flowing into gold and commodities, while tech stocks saw their largest single-week outflow in seven weeks. Private clients’ equity allocation has reached a historical high. Hartnett believes that historical bubble patterns show that in the run-up to a bubble top, emerging markets or oversold cyclical assets often benefit from spillover effects. In the current setup, the most likely path to replicate this pattern is the consumer sector. Meanwhile, more than $1 trillion in AI capital expenditures combined with negative cash flow will create significant issuance pressure for related bonds. At the same time, BofA keeps its broad-asset framework of “avoid bonds, avoid the dollar, fully allocate to AI,” and points out three potential constraints that could suppress further upside in the bull market: surging bond yields, a shift in voter sentiment toward caution, and positioning that is generally already too long. Private client data shows that equity allocation has risen to a historical high of 66.4%. The shares of cash and bonds have fallen to the lowest levels on record and the lowest since 2022, respectively. Against the backdrop of pressure as the size of U.S. Treasuries nears $4 trillion and debt-servicing costs continue to climb, BofA views the yield trajectory as the biggest variable and warns that intervention in the U.S. dollar–Japanese yen exchange rate has sent a signal that it is not desired for 10-year U.S. Treasury yields to break above 5%. Under the “avoid the dollar” theme, the report recommends going long gold as a hedge and also favors the Hong Kong real estate sector, where valuations are only about 12 times and where price levels are roughly in line with those from 30 years ago. Looking ahead, the November U.S. midterm elections are listed as a key political variable: if Republicans hold the Senate and the Texas governor is re-elected, AI risk assets could accelerate toward a peak in 2027; otherwise, it could trigger major adjustments in equities, the dollar, and yields.