QCP Asia: BTC sticks to $90K, but market still affected by geopolitical risks

According to the heat ranking, the popularity of Niulai remains the same as yesterday, ranking first. The heat ranking is as follows: ① Niu Lai ($0.04642, -22.50%) ② ZEC （$790.84，2.07%） ③ ETH （$2409.86，-0.59%） ④ SNDK （$1591.55，-0.45%） ⑤ HYPE （$78.96，1.05%）

According to Onchain Lens monitoring, FalconX transferred 80200 HYPE worth $6.27 million to Gate in the past day, which may be sold.

According to TradingBeats monitoring, Huang Licheng has started reducing his ETH long positions to take profits. The reduction is approximately $1.02 million, leaving a remaining ETH long position value of $68.77 million. The opening price is $2357, the liquidation price is $2189.8, and the remaining position has a floating profit of $1.59 million; Huang Licheng holds multiple HYPE orders worth approximately $20 million, with an average entry price of $79.35; Holding multiple PUMP orders worth approximately $11 million, with an average entry price of $0.00524.

According to a research report by CITIC Securities, the recent adjustment in technology stocks is due to the forward pricing issue of AI related stocks, rather than simply being affected by US long-term bond interest rates. The research report points out that the commercialization rate and space, pricing power brought by computing power advantages, and the impact of computing power gap on AI models are three key narrative variables. The impact of the US Treasury Department's repurchase of long-term bonds is limited, and the factors contributing to the sustained rise in US long-term interest rates have not fundamentally changed. The short-term funding structure of A-shares determines the complexity of market competition.

The S&P Global US Composite PMI Index rose 1.5 points to 56.0 in August, reaching a new high since April 2022 and growing for the third consecutive month. The PMI index for the service industry rose 2.2 points to 56.8, reaching a new high since March 2022. The manufacturing PMI index fell 0.7 points to 53.9, the lowest level in the past five months, but still in the expansion zone. Leading by the service industry, American companies are increasing their workforce at the fastest pace since January 2025. The data predicts that the annual growth rate of US GDP in the third quarter of 2026 will reach+3.0%, and the growth rate in the second quarter will be+1.5%. Artificial intelligence is driving a wave of growth.