News

Golden Finance, May 27th—Chen Guo, Deputy Director and Chief Strategist at the Eastmoney Institute, stated on social media that although industry prospects are very optimistic, the probability of a crash in the South Korean stock market is much higher than in the US stock market: the latter's foundation lies in the 401K asset allocation of wealthy and middle-class investors; the former, however, has a huge amount of leveraged capital aiming for outsized gains and high-level cash-outs.

Odaily reported that an unknown trader sold approximately $1.3 billion worth of BlackRock’s spot Bitcoin ETF IBIT in the dark pool market on Tuesday, drawing significant market attention. Data shows that around 14:30 UTC, the trader sold 29.2 million shares of IBIT at a transaction price of $43.16. As a result, the Bitcoin price dropped from $77,875 to $76,720 within 10 minutes— a decline of about 1.5%— and subsequently fell further to around $75,600. Alex Thorn, Head of Research at Galaxy Digital, stated that this was the largest IBIT dark pool transaction he had seen. Bloomberg ETF analyst Eric Balchunas noted that this trade was 22 times larger than the day’s second largest IBIT sell order. In addition, US spot Bitcoin ETFs have seen net outflows for eight consecutive trading days. On Tuesday, there was a net outflow of around $333.6 million in a single day, of which IBIT accounted for approximately $192.4 million. Since May 14, cumulative net outflows from Bitcoin ETFs have exceeded $2 billion. According to reports, Jane Street reduced about 70% of its Bitcoin ETF holdings in Q1 this year, and Goldman Sachs also trimmed about 10% of related holdings. (Cointelegraph)

BlockBeats News, May 27 — On the surface, the market is trading on the cooling of tensions in the Middle East and the gradual resumption of shipping in the Strait of Hormuz, but in reality, capital anxiety over war, energy, and global liquidity has not truly subsided. In the past 24 hours, about 4 million barrels of unsanctioned crude oil have crossed the Strait of Hormuz again, indicating some normalization in energy transport. However, military friction between the US and Iran continues to erupt near the strait, showing that the situation is still in an extremely fragile "limited ceasefire" phase. The biggest problem now is not simply whether the war will end, but that even if an agreement is reached, the risks in the Middle East may continue to impact global energy, inflation, and interest rates for months or even longer. This is why the market's reaction to peace news has recently grown more subdued. From Iran's demand to unfreeze $24 billion in overseas funds, to the US insisting on handling the issue of highly enriched uranium and sanctions, there remains a huge gap in core interests between both sides, and the market is still highly skeptical of a "true comprehensive reconciliation." On the other hand, while energy prices have retreated from wartime highs, the market is increasingly accepting that even with the resumed navigation of Hormuz, the energy supply chain and inflationary pressures will not instantly return to prewar conditions. Asset performance is also starting to reflect this contradictory sentiment. On one hand, US stock AI and technology shares continue to push up risk asset valuations, with Micron's year-to-date gains even exceeding 200%. On the other hand, risks in gold exports, bauxite regulation, and energy supply are rising again, indicating intensified global supply chain and resource competition. Currently, the market is actually trading simultaneously along two main threads: "AI capital expenditure expansion" and "global resource re-inflation." In the crypto market, the liquidation heatmap shows that a large amount of short liquidity is piling up near 78,000 to 78,200 for BTC, while there are clear long liquidation bands near 75,500 and 74,800; for ETH, a significant amount of short liquidity is accumulating around 2,150, and a short-term critical support zone has formed near 2,050. This indicates the market is still in a typical "news-driven + high leverage game" structure; any sharp movements in Middle East tensions, interest rate expectations, or energy prices could quickly trigger chain liquidations. Overall, the biggest risk in the global market right now is no longer just the war itself, but the coexistence of "high valuation, high interest rate, and high geopolitical risk" for global assets.