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.

[HODL15Capital: Bitcoin Sell Pressure Around $80,000 Mainly Comes from Binance and Coinbase] HODL15Capital monitoring shows that Binance has sell orders of $31.98 million, $13.20 million, and $33.27 million near $79,945, $80,000, and $82,500, respectively. Coinbase has sell orders of $38.74 million near $80,000. HODL15Capital stated that some sell orders have been listed for a long time, such as the sell orders near $80,000 on Binance, which have been present for approximately 99 days, and those near $82,500, which have been present for approximately 108 days.

According to on chain analyst Ai Yi's monitoring, a certain whale used leverage to cycle long ETH and BTC, recharging 3000 ETH to Binance with an average price of $1776.83 and an average recharge price of $2413.4. If sold, it would profit $1.91 million; Since August 19th, the giant whale has cumulatively recharged 13887.15 ETH to the exchange, earning a total profit of 6.727 million US dollars.

HTX-BTC perpetual contract is now reported at $76549.6. According to market contract position analysis, the main force has strong confidence in the future and the price is expected to rise. Please hold positions reasonably and control risks