Bagae: Strait of Hormuz still closed

Alasdair Macleod, research director of Goldmoney, said that the current valuation bubble of the US stock market may be more than that of 1929, and the S&P 500 index faces more than 90% of the risk of value pullback. The United States will face financing and refinancing pressures of approximately $10 trillion to $11 trillion in the next 12 months, and the Federal Reserve may be forced to expand its balance sheet and print money. Alasdair Macleod believes that gold and silver, as physical assets that do not rely on government credit, are safe haven options in extreme financial risk environments.

According to Hyperinsight monitoring, short selling 2.6 million shares of Changxin Technology's giant whale position is worth $17.914 million, with an average opening price of $6.40, a total book loss of $1.533 million, and a liquidation price of $17.75. The giant whale has created 300 buy orders with only reduced positions, planning to take profits in batches between 2 and 4.5 US dollars, with a total of approximately 2.6 million pending orders. The CXMT price ranges from $6.53 to $6.58 when the order is created. According to Hyperliquid data, the opening price of CXMT is $7.108, and the opening price of continuous bidding is $7.123. The weighted price of take profit orders is approximately $3.211, with the highest end at $4.5 being 36.8% lower than the opening price, the deepest end at $2 being 71.9% lower, and 64.2% of take profit orders hanging below $3.561.

According to Erald Ghoos, Binance's Android applications are no longer available for download on Google Play in some parts of Europe due to MiCA licensing restrictions. （Cointelegraph）

[Multiverse Computing Completes €500 Million Series C Financing, Pre-Money Valuation at €1.5 Billion] According to EAmericatartups, Spanish AI company Multiverse Computing has completed a €500 million ($570 million) Series C financing round, with a pre-money valuation of €1.5 billion ($1.7 billion). This round was co-led by Forgepoint Capital International, BNPP SIVF, and Bullhound Capital.

CryptoQuant analyst Darkfost stated that Bitcoin has been weak since the beginning of the year, with spot demand continuing to contract and relying solely on futures speculation to drive the market. The current total demand for spot and futures is estimated to be -127000 BTC, which is not sufficient to restart the upward trend. Market stability is the result of the exhaustion of seller power, not the recovery of demand. If there is no panic selling accompanied by extremely low trading volume, the pullback may continue.