Why has Rave made another big rebound? The essence of this rebound is not a "king's return," but a typical "self-rescue" and "short squeeze" rally. First, the exchange "shut down to beat the dog." Yesterday, Bitget suddenly suspended RAVE's ERC20 deposit services. This move was ruthless, directly blocking any "ammunition" trying to short-sell. Market makers have seized this point, using extremely low cost to push the market and specifically targeting short sellers chasing at high levels. The ones who exploded were these bare-chested positions, plus yesterday's 193% volatility, with both bulls and bears exploding, blood flowing like a river. Second, the investigation remains unresolved, driving up shipments. Although Binance and Bitget have announced investigations into insider manipulation, the results have yet to be released, which is the greatest uncertainty. Data shows that 90% of RAVE's tokens are still locked in three team wallets. Today's move pushed it to $1.3 and then dropped back to 0.63, combined with a massive trading volume of $270 million. Most likely, the team is taking advantage of liquidity to use reserve funds to make the market, attracting bottom-fishers to buy in while preparing to clear their positions and exit. Third, market sentiment is mismatched. BTC pushed the market to 75,000, providing fertile ground for altcoins to "run wild." But for RAVE, which dropped from $28 to just 3% of its residual value, its fundamentals are already bad. In short: For these coins that are "locked in deposits and checking for leak trading," the objective conclusion is: the bear trend has not reversed, and large outflows continue on-chain. This bullish candlestick is meant to help trapped bulls break the trap, not your ticket to entry. You can try for a rebound in the short term, but don't take it too seriously. #恐慌贪婪指数 $RAVE

#财报观察员：博通与戴尔接棒，AI回报再受检验 Is pre-market capital in US stocks rushing ahead? Semiconductors hit hard, energy and HOOD quietly rise The overall pre-market tone is cautious, with core pressure coming from the continued rise in US Treasury yields, putting a tight leash on growth stocks and the semiconductor sector. The direction of capital flow is very clear: Direction hit hard: Semiconductors weaken across the board. Micron (MU) falls nearly 2%, SanDisk (SNDK) drops over 3%, Nvidia (NVDA) also falls over 1%. The triple short semiconductor ETF (SOXS) surges more than 4%, indicating shorts are taking advantage. Direction quietly rising: Energy stocks continue to rise with oil prices, with no signs of easing geopolitical conflicts. Robinhood (HOOD) rises nearly 3% against the trend, Morgan Stanley just upgraded its rating, citing enhanced product monetization ability. Summary: Capital is clearly seeking risk aversion and portfolio adjustment, selling overvalued semiconductors, buying energy stocks with price increase logic and event-driven individual stocks. Tonight's key variables to watch are whether US Treasury yields can stabilize and whether manufacturing PMI data is strong enough. $SOXL $HOOD $SNDK

#BTC high-level oscillation, enhanced linkage with gold BTC rose 23% in August, crushing gold and the stock market. To put it plainly and explain the logic, let's also talk about sustainability. This August rally is essentially a resonance of macro expectations, capital flows, and derivatives. The most direct trigger was the US Treasury expanding long-term bond repurchases, which the market interpreted as improved liquidity, benefiting non-sovereign assets collectively. Additionally, the SEC released regulatory positive signals, AI sector funds returned, and spot buying began to enter. Due to the previously overcrowded short positions during consolidation, once the price broke key levels, it directly triggered the largest short squeeze in history, with passive buying further amplifying the gains. ETFs had net inflows for 9 consecutive days totaling nearly 3 billion, providing strong support, but starting August 28, there was a 200 million outflow, and short-term momentum began to weaken. A rally purely driven by short covering is unsustainable. Whether it can hold later depends on whether spot ETFs can stabilize again and whether there are new macro stories to support $BTC

Behind XRP's 40% surge: Who's buying, who's running? XRP has surged 40% in the past two weeks, but interestingly, futures open interest has actually dropped by 16%. Funds are rotating — retail and leveraged funds are closing positions and withdrawing on exchanges outside CME, leveraged funds' net shorts have more than doubled, while CME's institutional holdings have increased from 10% to 17%. On the other hand, spot ETFs have seen net inflows for 9 consecutive days, totaling $1.6 billion, with institutions like Goldman Sachs and Jane Street continuously accumulating. In short, this is not a retail sentiment-driven leveraged bull run, but institutions positioning through the ETF channel. Short sellers are adding positions while longs are absorbing simultaneously, making the battle very intense. $XRP

Zhipu's semi-annual report falls short of expectations Revenue reached 954 million, a year-on-year increase of nearly 400%. However, compared to the market expectation of 1.35 billion, the gap is significant. Gross profit of 252 million also fell short of the expected 338 million. The only highlight is the API business: revenue of 825 million, a year-on-year surge of 2736%, accounting for nearly 90% of total revenue. The MaaS platform's Token calls have increased more than 40 times since the beginning of the year. Growth potential is not an issue, but short-term financial data is under pressure, so it’s not surprising that the market votes with its feet

Aftershocks from the Washington speech haven't faded, yet pre-market funds in the US stock market are quietly bottom-fishing Last Friday, Washington's speech wiped out tech and crypto stocks, but today's pre-market scene has changed: COIN surged 1.55%, MSTR rose 2.65%, and crypto concepts collectively recovered; On the other hand, NVDA rose 0.72%, SOXL soared 2.11%, SOXS fell 2.2%, semiconductor funds are rushing ahead. But QQQ barely moved, SPY slightly declined, real money hasn't entered the market Two main focus directions — crypto concepts and semiconductor ETFs $SOXL

Breaking: US-Iran clash at dawn US military airstrikes on Iran's Revolutionary Guard facilities in the south, Iran retaliates with missiles targeting US bases in Jordan Market impact: WTI crude oil breaks above $85, Brent crude rises above $90, both up over 2% Spot gold rebounds to around $4464. US stock futures down about 0.2%, KOSPI index down 3% Geopolitical risks escalate, market fears shipping disruptions. Iran warns of fiercer retaliation $KORU

Wash hawks, 80,000 liquidations—rate cut dream shattered Jackson Hole, Wash slams the table: 2% inflation target remains unchanged, more work to do if not achieved September rate hike probability jumps from 35% to 60% Philadelphia Semiconductor down 3.47%, Bitcoin flash crashes from 80,000 to 76,845, 95,000 liquidations totaling 480 million Someone said no direct mention of rate hike? Barclays adjusted forecast same day, December rate hike probability approaching 90% Rate cut illusion shattered, tightening not fully priced in, don’t rush to bottom-fish

Wash Jackson Hole hawkish, September rate hike probability soars to 60%! Wash delivered his first speech since taking office at the Jackson Hole Global Central Bank Annual Meeting Clearly rejected forward guidance, emphasized inflation remains high, and financial conditions are not restrictive enough Market reaction: · All three major US stock indexes closed lower · US 2-year Treasury yield jumped 11bp to 4.34% · Spot gold plunged about 3% Subsequent August employment and inflation data will determine whether there will really be a rate hike in September

Zhang Jike translated literally means 'technology rises'? Technology should rise next Monday Because Jing Tian's favorite is still Zhang Jike Zhang Jike's name reversed literally means 'technology rises'…

Changxin Technology's actual performance far exceeds market expectations Actual performance vs previous expectations Revenue for the first half of the year: ¥150.31 billion (previously expected ¥110-120 billion) Net profit attributable to parent company for the first half: ¥77.605 billion (previously expected ¥50-57 billion) Q2 single quarter net profit: ¥52.843 billion (113% increase quarter-on-quarter from Q1) Mizuho Securities and other institutions had also clearly expected its Q2 performance to "significantly exceed expectations." The core driving force is the simultaneous increase in DRAM volume and price