Azeem Akram BW

イランとアメリカの間の地政学的緊張が、再び世界の金融市場の大きな焦点になっています。中東で紛争が激化するたびに、投資家は原油価格、インフレ、国際貿易ルートの安定性を綿密に監視します。政治的な出来事は不確実性を生む一方で、規律ある長期投資家にとっては機会にもなります。
なぜ市場は反応するのか
中東は、世界で最も重要なエネルギー生産地域の一つです。イランをめぐるいかなる軍事的な対立も、原油生産と、世界のエネルギー供給のための重要な海上輸送ルートであるホルムズ海峡の安全性に対する懸念を高めます。原油価格の上昇は、輸送や製造コストを増やし、インフレに対する上向きの圧力をもたらすとともに、中央銀行の政策にも影響を与え得ます。

Hyperscale Data, a U.S.-listed bitcoin treasury and AI data center company, has increased its bitcoin holdings again, bringing its total reserves to more than 1,000 BTC.
According to ChainCatcher, the update was reported by PRNewswire.
Company management said it plans to potentially use bitcoin as collateral for financing in the future and to diversify its balance sheet alongside cash and other strategic assets.
#BTC

U.S.-listed memory chip stocks have fallen more than 20% over the past several weeks after a sector-wide pullback since late June highs.
According to Jin10, industry sources said the memory chip sector has historically followed a distinct cycle: during upswings, manufacturers often expand capacity in tandem, leading to a concentrated release of new supply, sharp price declines, and industry-wide losses; companies then collectively cut capital spending, and the next demand recovery brings another upswing.
The report said that since the sector hit a peak in late June, news such as Meta selling computing power has fueled market concerns about a potential oversupply of computing capacity, triggering a broad correction in memory chip names.
Data cited in the report showed that leading companies including SanDisk, Micron Technology, Seagate Technology, and Western Digital each posted share-price declines of more than 20% over the past several weeks.
Analysts said the underlying logic supporting memory chip demand is being reassessed, with a key variable being whether the technology gap among AI large-model developers will continue to narrow.
Analysts also said the memory chip industry is undergoing a deep shift in its business model. In the past, memory products were treated more like commodities, with prices moving with the market and contracts often set on quarterly or annual terms. Now, cloud providers and AI data centers seeking to secure critical supply are increasingly signing long-term supply agreements with original manufacturers, typically lasting three to five years and including price ranges, minimum purchase volumes, and customer deposits.

Key Points:
Gold rebounded from key support after the Core PCE data, but sticky inflation may keep the Federal Reserve cautious.Silver also bounced from support, but weak economic data may limit industrial demand.Gold and silver need a stronger breakout to confirm a clear recovery in the metals market.
Gold+1.84%Silver+2.71%
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Gold (XAU) price rebounded on Thursday after a sharp drop to the strong support of $3,950. This rebound is developed after the release of the core PCE price index data. The chart below shows that the core PCE price index increased by 3.4% YoY in May 2026. This level is the highest since October. Despite this data, the US dollar index corrected on Thursday which pushed the gold price slightly higher.
The Federal Reserve may remain cautious due to a slight increase in core PCE price index in May. This is bad news for gold as rising interest rates will lead to a decline in the demand for a non-yielding asset. Therefore, this rebound in gold will likely be capped and prices may remain under pressure in the short term.
Silver (XAG) also rebounded slightly after the release of data but remains under pressure. The slowdown in durable goods orders indicates sluggishness in the real economy which could drag on the industrial demand for silver.
The decline of oil prices is also significant for gold and silver. The drop in oil prices could help dampen inflation pressures, following the U.S.-Iran deal that helped calm fears over the Strait of Hormuz.
As the US dollar corrects from the 101.74, gold and silver may rebound from the current levels. But as long as the expectations of interest rate hikes persist, both metals could come under renewed selling pressure near resistance.

Bitcoin's trading volume is lower than it was during previous bull markets because the cryptocurrency market has matured. Many institutional investors now buy Bitcoin as a long-term investment rather than trading it frequently, which reduces daily market activity. Retail investor participation has also slowed compared to the 2020–2021 bull run, leading to less speculative trading. In addition, lower price volatility means there are fewer opportunities for short-term traders to profit, resulting in fewer buy and sell orders. While trading volume is lower, this does not necessarily indicate weakness. Instead, it may reflect a more stable market where long-term holders have a greater influence than short-term speculators. As new economic events, technological developments, or regulatory changes occur, trading volume could increase again.
📉 Why is Bitcoin trading volume lower than before?
Bitcoin isn't losing relevance—it's evolving. Long-term investors are holding more BTC, retail speculation has cooled, and lower volatility has reduced short-term trading activity. Lower trading volume doesn't always mean lower demand; it can also signal a more mature and stable market.