Bitget UEX Daily Report | BTC breaks $80,000 and maintains high volatility; Nvidia's Groq rack has been fully mass-produced; storage and optical communication sectors under pressure (August 25, 2026)
Bitget UEX Daily Report# 1. Hot News
Federal Reserve Dynamics
Kevin Walsh's Speech at Jackson Hole Approaches, Market Focuses on Inflation and Fiscal Statements
- Federal Reserve Chairman Kevin Walsh will deliver a speech at Jackson Hole on August 28, with the market continuing to seek clear guidance on persistent inflation and fiscal issues.
- Walsh has provided few forward-looking signals since taking office, and previous speeches have triggered volatility in the bond market.
- This week, Richmond Fed President Barkin will also speak.
Market Impact: The speech remains a core event this week, potentially affecting term premiums and risk asset pricing.
International Commodities
Besencher Announces Economic Actions Against Iran, Iran Claims Response Will Be More Resolute
- U.S. Treasury Secretary Besencher held a press conference to announce "unprecedented" economic actions against Iran, aiming to sever Iran's ties to the global economy, focusing on five "lifelines": digital assets, technology, gold, aviation, and shipping.
- He warned that any country continuing to do business with Iran may face U.S. sanctions, and those countries will be given a deadline; unilateral actions will be taken if cooperation does not cease.
- Iran's Supreme Leader's advisor, Mohabber, stated that in response to U.S. threats, Iran's reaction will be more resolute than ever, emphasizing its deterrent capability in the Strait of Hormuz.
Market Impact: Geopolitical risk premiums are heating up, oil price volatility is increasing, concerns about sticky inflation continue, and short-term commodities are under pressure amid mixed safe-haven demand.
Macroeconomic Policy
Besencher Did Not Signal More U.S. Treasury Measures, Trump Criticizes Canadian Leadership
- Besencher did not further signal adjustments to debt management on Monday, stating, "I haven't bought a single bond," and indicated that the regular issuance plan will continue.
- Trump criticized Canadian leadership on social media, stating, "Canada will no longer take advantage of the U.S." and warned of more severe consequences if rules are not followed.
Market Impact: Expectations for U.S. Treasury buybacks have cooled, and risks remain for long-end yields; escalating trade frictions may affect related supply chain sentiment.
# 2. Market Review
Commodity & Forex Performance
- Spot Gold: Approximately $4,666/ounce, +0.31%
- Spot Silver: Approximately $69/ounce, +0.29%
- WTI Crude Oil: Approximately $85.3/barrel, +0.31%
- Brent Crude Oil: Approximately $88.27/barrel, +0.19%
- U.S. Dollar Index (DXY): Approximately 98.993, +0.01%
Driving Factors Analysis: After Besencher announced economic actions against Iran, geopolitical premiums supported oil prices, but the market is skeptical about the actual execution strength, limiting oil price gains. Gold fluctuated upward amid safe-haven demand and yield expectations. Institutions believe that short-term commodities are jointly driven by geopolitical sanction details and expectations for the Jackson Hole speech, with asset interlinkages reflecting geopolitical escalation → oil price volatility → inflation expectations → bond market and risk asset repricing.
Cryptocurrency Performance
- BTC: Approximately $79,610, +3%
- ETH: Approximately $2,500, +1.75%
- Total Cryptocurrency Market Cap: $2.71 trillion, +0.7%
- Market Liquidation Situation: Liquidations of $432 million, with long positions liquidated at $215 million
- Bitget BTC/USDT Liquidation Map: Current BTC price is approximately $79,700, with significant short liquidation pressure above $80,000; if prices continue to rise, it may trigger a chain reaction of short liquidations and amplify the upward trend. Liquidation pressure for longs is mainly concentrated in the $75,000-$79,000 range; if key support is broken in the short term, leveraged longs may face accelerated liquidation.
- Spot ETF Net Inflow/Outflow: Current 24h dynamic net inflow of $125 million, with a net inflow of approximately $2.03 billion over the past 6 days.
Driving Factors Analysis: Following the announcement of economic actions against Iran, the cryptocurrency market operates relatively independently, with BTC and ETH maintaining high volatility. Policy uncertainty and liquidity support coexist, with institutional consensus pointing to short-term drivers from geopolitical and macro narratives, requiring attention to changes in risk appetite after the Jackson Hole speech.
U.S. Stock Index Performance
- Dow Jones: Closed at 53,417.16 points, up 0.26%, two consecutive increases
- S&P 500: Closed at 7,652.86 points, down 0.28%
- Nasdaq: Closed at 25,980.19 points, down 0.76%, dragged down by technology and semiconductors
Tech Giants Dynamics
- NVDA: Approximately $208.50, down nearly 3% (declining for several consecutive days)
- AAPL: Approximately $310.30, up about 0.3%
- MSFT: Approximately $487.30, up about 0.8%
- GOOGL: Approximately $348.00, up about 0.9%
- AMZN: Approximately $262.00, up about 1.3%
- META: Approximately $559.00, up about 1.7%
- TSLA: Approximately $349.00, down nearly 4%
Performance Summary and Driving Analysis: The Dow Jones rose against the trend, supported by defensive stocks in finance and consumer staples, while the Nasdaq and S&P 500 fell due to technology drag. Nvidia's seven-day decline marks the longest streak in recent years, with significant corrections in the storage and optical communication sectors. Funds are rotating from overvalued AI hardware to defensive sectors, with notable differentiation among individual stocks.
Sector Movement Observation
Semiconductors/Storage Significantly Corrected
- Representative Stocks: Micron Technology down nearly 6%, SanDisk and Seagate Technology down over 6%, Western Digital down over 5%, Nvidia down nearly 3%.
- Driving Factors: Concerns over AI capital expenditures and valuation digestion pressures, combined with cautious sentiment ahead of Nvidia's earnings report.
Optical Communication Plummeted
- Representative Stocks: Applied Optoelectronics down nearly 14%, Ciena down over 6%, Lumentum and Coherent down over 4%.
- Driving Factors: High valuation corrections in the sector and capital withdrawal.
Cryptocurrency Concept Stocks Relatively Resilient
- Representative Stocks: Related stocks showed differentiation, overall supported by high BTC levels.
- Driving Factors: Bitcoin's maintenance of high levels provides emotional cushioning.
# 3. In-Depth Analysis of U.S. Stocks
1. Nvidia (NVDA) - Seventh Consecutive Day of Decline
Event Overview: Nvidia fell nearly 3%, marking its seventh consecutive trading day of decline, creating the longest losing streak since 2022. The market is focused on its upcoming earnings report and the subsequent impact of AI server price increases.
Market Interpretation: Institutions believe the consecutive declines reflect a reassessment of valuations and capital expenditure rhythms for AI hardware. While server price increases provide margin support, short-term sentiment remains suppressed by earnings report uncertainty.
Investment Insight: The mid-term demand logic remains intact, but close monitoring of earnings guidance and changes in customer capital expenditures is necessary.
2. Micron Technology (MU) - Storage Sector Leads Decline
Event Overview: Micron Technology fell nearly 6%, with storage concept stocks collectively weakening, including SanDisk, Seagate, and Western Digital, all down over 5%.
Market Interpretation: Analysts point out that the storage sector has entered a valuation digestion phase after previous AI demand expectations pushed prices higher, with clear signs of fund rotation.
Investment Insight: Pay attention to subsequent supply-demand data and earnings verification, avoiding the risk of chasing high prices.
3. Applied Optoelectronics (AAOI) - Optical Communication Significantly Corrected
Event Overview: Applied Optoelectronics fell nearly 14%, with the optical communication sector generally under pressure, with Ciena and Lumentum also declining.
Market Interpretation: Institutions believe this is a typical correction for high-valuation thematic stocks during times of declining risk appetite, with order and capacity landing progress remaining key observation points.
Investment Insight: High-elasticity stocks are experiencing increased volatility, requiring strict position management.
4. Tesla (TSLA) - Down Nearly 4%
Event Overview: Tesla fell nearly 4%, following the correction in the technology sector.
Market Interpretation: Under high valuations and macro uncertainty, growth stocks are generally under pressure, with Tesla showing significant elasticity.
Investment Insight: Monitor delivery data and progress in AI/robotics business.
5. Amazon (AMZN) - Rising Against the Trend
Event Overview: Amazon rose over 1%, performing relatively resiliently amid a generally weak technology sector.
Market Interpretation: The resilience of its cloud and retail businesses has been recognized by funds, highlighting its defensive attributes.
Investment Insight: Suitable as a relatively stable allocation within the technology sector.
# 4. Market & Project Dynamics
The U.S. Treasury Department announced a new round of sanctions against Iran, focusing on digital assets, technology, aviation, gold, and shipping sectors to cut off Iran's revenue sources.
Arthur Hayes published a new article titled "Much the Same," pointing out that regardless of surface rhetoric, the U.S. Treasury Secretary will ultimately choose to print money. He cited Besencher's recent announcement to increase long-term Treasury buybacks as an example, stating that this move is fundamentally the same as Yellen's operation at the end of 2023, which released reverse repo funds by increasing short-term Treasury issuance—both actions aimed at suppressing yields as the 10-year Treasury yield approached 5%, injecting dollar liquidity into the market.
Hayes reviewed that Yellen's operations at the end of 2023 released approximately $2.4 trillion in liquidity, driving Bitcoin up from the bottom after the FTX collapse. Now, facing the same issue, Besencher's initial buyback strength is insufficient, but market pressure will force him to increase efforts. He expects Besencher to gradually increase buybacks and utilize Treasury account funds; regardless of speed, liquidity will be injected into the market, and Bitcoin will continue to rise. Hayes stated that Maelstrom is fully long, holding Bitcoin, Ethereum, Ethena, and Ether.fi, and advises non-full-time traders not to use leverage.
Nvidia has fallen for the seventh consecutive trading day, marking the longest losing streak in recent years.
According to Onchain Lens monitoring, BlackRock accumulated and withdrew 2,802.904 BTC (approximately $223.41 million) and 6,580 ETH (approximately $16.57 million) to its IBIT, ETHA, and ETHB ETF wallets within an hour.
Uniswap founder Hayden Adams posted on the X platform that as the market warms up, the weekly destruction volume of UNI has reached a historical high, with an annualized destruction volume of 31 million UNI (approximately $113 million) and still growing. He stated that the team has continued to build during the bear market and is now seeing early results in the bull market.
Market news: Nvidia's AI inference accelerator Groq 3 LPX has fully entered production. SpaceXAI will use Nvidia's Vera CPU to massively accelerate intelligent agents' AI. SpaceXAI will expand GROK on the Vera Rubin platform. Nvidia's Groq 3 LPX has an output speed of 3,400 tokens per second.
# 5. Today's Market Calendar
Important Event Forecast
August 25 (Tuesday)
- The U.S. will release ADP employment, house price index, August Conference Board consumer confidence, July new home sales, and Richmond Fed manufacturing index;
- ★★★ Dick's Sporting Goods (DKS) and other retail stocks, Intuit (INTU), Zoom (ZM) will release earnings reports.
August 26 (Wednesday)- ★★★★★ The U.S. will release July core PCE, personal income and spending, revised Q2 GDP, and durable goods orders;
- ★★★★★ Nvidia (NVDA) will release earnings after hours (core focus on data center revenue, gross margin, and forward guidance);
- ★★★ CrowdStrike and Salesforce will release earnings after hours.
August 27 (Thursday)- The U.S. will release initial jobless claims, trade balance, wholesale inventories; the Jackson Hole annual meeting will open;
- ★★★ Marvell (MRVL), Ulta, Gap, etc., will report after hours.
August 28 (Friday)- ★★★★★ Federal Reserve Chairman Walsh will deliver a keynote speech at Jackson Hole (UTC+8 22:00), with the market focusing on his statements regarding inflation and policy path;
- The U.S. will release Chicago PMI, preliminary non-farm employment benchmark revisions, and Michigan University consumer confidence final value.
*This week's core highlights: Nvidia's earnings report will verify AI demand realization, Walsh's Jackson Hole debut will observe the policy framework, along with PCE and retail earnings reports to test inflation and consumption resilience. If guidance is robust and the speech is neutral, growth stocks are expected to continue; if data or statements lean hawkish, it may raise tightening expectations and suppress overvalued sectors. Volatility is expected to be moderately high.
Institutional Views:
Investment bank analysts believe that after Besencher announced economic actions against Iran, geopolitical risk premiums have heated up, but the market remains skeptical about the actual execution strength. Nvidia's consecutive declines and corrections in the storage and optical communication sectors indicate a rotation of funds from overvalued AI hardware to defensive sectors. If Walsh's Jackson Hole speech lacks clear guidance, it may exacerbate bond market volatility. The cryptocurrency market maintains relative independence at high levels. Overall strategy suggests focusing on sanction execution details, Nvidia's earnings report, and Walsh's Jackson Hole speech, while remaining cautious on overvalued growth stocks.
Disclaimer: The above content is compiled by AI search, with manual verification for publication, and does not constitute any investment advice. The data in the text may inevitably contain deviations; please refer to real-time market data.
Risk warning
