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BTC Rebound Lifts Altcoin Market Sentiment as U.S. Storage Stocks Surge on Price and Volume
VIPBTC Rebound Lifts Altcoin Market Sentiment as U.S. Storage Stocks Surge on Price and Volume

1. Global liquidity has likely bottomed, supporting BTC's rebound and range-based strategies. The Fed net liquidity Z-score has rebounded from a low of -1.5, while BTC rose 3.5% this week in line with the recovery. Backtests show that grid trading (+2.5%) and buy and hold (+3.0%) outperformed all trend-following strategies. In the futures market, altcoin activity is picking up, with ZEREBRO, FIGHT, and SNDK showing short-squeeze structures. 2. AI capex demand is flowing into the storage hardware sector, with HDD/NAND names outperforming the broader market by nearly 6x on rising prices and volume. MU gained 42.4%, SNDK rose 31.8% with volume up 90%, and WDC advanced 19.8%, far outpacing the NAS100's 7.1% gain. Enterprise storage software names such as NTAP and PSTG rose only 6%–9% and saw volume decline. 3. Implied SpaceX valuations differ by nearly 40% across platforms due to differences in product structure, with Bitget preSPAX offering the lowest-priced entry point. While OKX, Hyperliquid, and Prestocks imply valuations of around $2.01T–$2.35T through contract-based products, Bitget preSPAX is priced at an implied valuation of roughly $1.62T and remains the only RWA spot product backed by underlying equity exposure, with no funding fee holding costs. Assets to watch: BTC, PRESPAX, MU, SNDK, the SUI ecosystem, silver (precious metals CFD)

Bitget·2026/05/11 07:26
Strait of Hormuz Tensions Escalate, Oil Surge Caps Upside for Risk Assets
VIPStrait of Hormuz Tensions Escalate, Oil Surge Caps Upside for Risk Assets

1) The Strait of Hormuz standoff continues, with WTI up another 8.5% this week and up 63% since March. Iran's blockade has entered its fifth week, and neither side is showing signs of compromise. WTI closed at $106, compared with around $65 before the war, marking a nearly 80% gain in just two months. The nature of this oil rally matters: it is a pure supply-side shock, which creates a more direct transmission chain. Inflation expectations rise passively, the rate-cut window narrows, liquidity expectations tighten, and valuations for risk assets come under pressure. 2) SpaceX momentum builds, while Bitget offers preSPAX spot trading. Around May 3, the Starship flight test program made important progress, with further improvements in booster and spacecraft landing and recovery capabilities. Full-system reusability reached a new high. At the same time, SpaceX's valuation has continued to climb, placing it among the world's most valuable private companies, with strong market interest in a potential IPO. Bitget currently offers preSPAX spot trading, giving retail users one of the most direct and convenient ways to gain secondary-market exposure to SpaceX's valuation growth. 3) Small-cap futures factor strategy's Top 10 basket is 115.7% YTD. The key is diversification to capture tail events. From 400+ futures, the model selects the Top 10 daily based on factor scores and holds them equally weighted. Core factors include negative funding rates, which indicate crowded shorts paying longs; sharp OI growth without price movement, which suggests concentrated short positioning before a potential breakout; and short-led liquidations, which show that a squeeze is already underway. The Top 10 basket is up 115.7% YTD, with a maximum drawdown of 43.4% and a Sharpe ratio of 2.21. Assets to watch: BTC · PRESPAX · BIO · GALA · Coinbase (spot & derivatives; with Coinbase earnings on May 7 AMC as a potential catalyst.)

Bitget·2026/05/06 07:46
Bitget Weekly Report
VIPBitget Weekly Report

Bitget·2026/04/07 07:25
Bitget Research Weekly
VIPBitget Research Weekly

Bitget·2026/03/30 07:14
Flash
04:11
Expectations of Rate Hikes by Fed and BOJ Rise, US Bond Yields Break Key Threshold, Short-Term Pressure Mounts on Risk Assets
BlockBeats News, May 17th. As of Friday's close, the yield on the 10-year U.S. Treasury bond surged to a one-year high of 4.530%, surpassing the 4.50% policy inflection point that former President Trump had intervened in multiple times. On the other hand, changes in the Fed's leadership and macroeconomic data have led to an increasing expectation of rate hikes, with the possibility of a rate cut now seemingly completely ruled out. At the same time, the market is highly anticipating a rate hike decision by the Bank of Japan in June (with a probability as high as 80% on Polymarket). Furthermore, SpaceX's massive fundraising and renewed tensions between the U.S. and Iran are adding to the uncertainty. These factors are also expected to have a significant impact on market liquidity and confidence. Considering all these factors, risk assets are likely to face significant pressure in the short term. Unless strong measures are taken to reverse the situation, Friday's widespread decline may just be the beginning of an adjustment.
04:11
Key Developments at Noon on May 17
7:00 (UTC+8) - 12:00 (UTC+8) Keywords: WLFI, VanEck, SBI1. Wallet associated with WLFI sold 4,870 ETH;2. VanEck and Grayscale submitted BNB ETF amendment proposals on the same day;3. Firedancer client developed by Jump Crypto has been launched on the Solana mainnet;4. Japan's SBI Securities and Rakuten Securities plan to independently develop crypto investment trust products;5. Circle CEO: Willing to invest in teams exploring "allowing AI Agents to sign legal contracts" on Arc;6. Hyperliquid's largest long position whale saw its 114,000 ETH long position shift from a $13 million unrealized profit to a $10 million unrealized loss.
03:44
US Energy Secretary: The Strait of Hormuz Will Reopen by This Summer at the Latest
BlockBeats news, May 17, according to The Hill, U.S. Secretary of Energy Granholm said on Friday local time that the Strait of Hormuz "will be reopened at some point no later than this summer." Granholm stated that the United States "continues to expand U.S. natural gas exports." Although the closure of the Strait of Hormuz has resulted in a daily loss of 10 billion cubic feet of natural gas transport capacity, the U.S. still adds 2.5 billion cubic feet of new natural gas export capacity every day. "Shipping in the Strait of Hormuz will resume as soon as possible, but at the latest by this summer," Granholm said, adding that a related agreement could be reached "within the next few days" at the earliest. Granholm noted that if Iran "continues to hold the global economy hostage," the U.S. military will "forcefully reopen the Strait of Hormuz, but that is not easy to achieve." "We have already taken preliminary steps, but a better approach would be to reach an agreement rather than use military force."
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