In early July, the cryptocurrency market entered a delicate stage: BTC rebounded to around $64500, but then fell back. The decrease in open interest contracts, weak ETF fund flow, and continuous negative Coinbase premium indicate that this round of rise is more inclined towards the repair after short squeeze, rather than a comprehensive return of spot buying. In the past 24 hours, the market has seen the liquidation of over $500 million in leveraged positions, with short-term volatility still dominated by highly leveraged funds.
At the same time, the volatility of the AI sector in the US stock market has intensified. AI remains one of the main focuses of global funds, but high valuations, profit taking, geopolitical risks, and changes in interest rate expectations are causing the tech stock market to shift from a "one-sided rise" to a "strong differentiation and high volatility". When BTC, US tech stocks, gold, commodities, and on chain assets are simultaneously affected by macro variables, the trading demand of cryptocurrency users is also changing.
In the past, new users entering the cryptocurrency market were often attracted by the rise of BTC, ETH, or popular currencies. But now, the market environment is more complex: BTC is still a core asset, but the short-term rebound is not stable; AI, gold, commodities, RWA, and on chain application scenarios in the US stock market are also becoming new entry points for user attention. The competition between exchanges is shifting from "who can list more coins" to "who can provide more complete asset entry and risk management tools".
This is also a reason why Bitget's recent launch of US stock options is worth paying attention to. It introduces mature market tools such as Long Call and Long Put into the encryption platform, allowing users to trade more flexibly around the rise, fall, financial fluctuations, and risk management of the US stock market. For new users, attractiveness is not just about rewards, but whether they can simultaneously understand BTC, US stock themed assets, options, gold commodities, and on chain scenarios with one account.
In other words, the key to the next stage of exchange recruitment is not just subsidies, but who can become the first stop for users to enter the multi asset market. For new users who want to further understand US stock themed assets, option tools, and multi market opportunities from encrypted assets, they can register and experience them through the official Bitget portal: https://jump.do/zh-Hans/xlink-proxy?id=6
