The shortage of market liquidity has not yet shown significant recovery, and risk assets continue to be under pressure

Last Friday, the rise in U.S. bond yields weighed down U.S. stocks, with tech stocks, chip stocks, and AI concept stocks collectively falling, dragging down the major drop in U.S. stocks on Friday but ending the week higher overall. The SP 500 index rose by 0.85% last week, while the Dow Jones Industrial Average increased by 0.35%, ending a three-week decline; Nasdaq Composite Index was up by 0.76%.

The cryptocurrency market continued to fluctuate and fall; Bitcoin oscillated around $95k over the weekend and began another round of declines last night, dropping as low as $93k - its lowest point in nearly a week.

As of press time, Bitcoin has slightly rebounded to $93,610 USD with a decrease of 1.32% within 24 hours and an accumulated decline of 0.9% over seven days . The Bitcoin spot ETF turned into net outflows again on Friday at $287 million USD , accumulating net outflows of $376 million USD last week . During this period of market adjustment fluctuations , CEX platform coins performed well , with significant capital inflows due to ongoing speculation about AI Agent .

In terms of foreign exchange commodities , the US dollar index rose approximately 0 .2 % last week , close to its two-year high set during previous weeks ; supported by strong US economic performance suppressing expectations for Federal Reserve rate cuts and Trump's tariff threats . It is expected that this will be best annual performance for the dollar in nine years .

Oil prices benefited from boosted oil demand prospects and larger-than-expected crude inventory reductions , rising cumulatively by about 1 .6 % throughout the entire week ; Spot gold prices remained basically flat this past week but have risen approximately28 % so far this year .

Over these past two weeks , crypto markets experienced their largest level adjustments since Trump's election victory . Although Bitcoin's decline was less than 14 % , many altcoins have halved in value and some even had their gains completely wiped out during this round of market activity . Bullish confidence is lacking and market sentiment has significantly receded . Currently, the lack of market liquidity caused by the European and American holidays has not yet shown significant recovery. If conditions do not improve, Bitcoin prices may continue to be under pressure.