Copy Traders' short position reduced by 2000 ETH, valued at $3.74 million

JPMorgan warns that the US stock market is facing the risk of a pullback from late summer to early autumn, as the internal structure of the market deteriorates and funds shift towards defensive assets. Jason Hunter, a strategist at JPMorgan Chase, pointed out that there are similarities between the current AI trading boom and the foam of technology stocks from 1999 to 2000. The excessive concentration of positions in the technology sector increases the risk of adjustment. Higher yields on US treasury bond bonds, geopolitical tensions in the Middle East and slowing consumer spending pose market pressures. JPMorgan Chase believes that in the short term, market valuations, capital crowding, and investor expectations pose volatility risks to technology stocks.

CryptoQuant data shows that Bitcoin OG Whale has established a large number of long positions near last week's low. （Cointelegraph）

At the opening of the US stock market, the Dow Jones Industrial Average rose 0.45%, the Nasdaq rose 0.43%, the S&P 500 index rose 0.31%, cryptocurrency concept stocks rose generally, COIN rose 6.01% within the day, and HOOD rose 7.59% within the day.

At the opening of the US stock market, the Dow Jones Industrial Average rose 288 points, the Nasdaq rose 123 points, and the S&P 500 index rose 0.48%.

Bitget - MUU/USDT contract movement, current price $33.15, 24-hour increase of 10.19%, please pay attention to future price opportunities!