Bitget Announcements

📊 Bitget UEX Daily | June 26, 2026 Market Snapshot • Total crypto cap: $2.14T (-1.4%) • BTC: $59,595 (-2%) | ETH: $1,565 (+3.25%) • Stocks: Dow +0.14% (51,920.62) | S&P 500 -0.01% (7,357.49) | Nasdaq -0.46% (25,358.60) • Commodities: Gold $4,021/oz (-0.14%) | WTI $71.70/bbl (-0.33%) | DXY 101.51 (-0.02%) 📊 Crypto Market Stock Contracts • 24H total volume: $20.199B (-4.77%) • Total open interest (OI): $5.571B (+1.78%) • 24H total liquidations: $30.9486M • Volume share: 8.85% | OI share: 5.37% | Liquidation share: 3.48% • Sector OI: Technology leads with $2.893B, followed by Financials at $153M, Consumer at $79.91M, Biotechnology at $17.73M, and Industrials at $26.06M • Fund flows: Technology sector OI leads by a wide margin; AI memory/chip and infrastructure-related names remain the primary trading focus, with Micron, SanDisk and similar AI supply chain targets showing highest heat. 📈 Key Levels • BTC Liquidation Map: – Below current price ($58,500–$59,300): Large long liquidation clusters; breaking key support could trigger cascading long stops and accelerate downside – Above ($60,000–$62,500): Significantly larger cumulative short liquidation pools; overall liquidity leans toward upward price attraction, but shorts may dominate near-term if $59,000 support fails 🔥 Hotspots Geopolitical: Iran-related developments around the Strait of Hormuz continue to ferment, testing the US-Iran ceasefire agreement. Iran expects ~$40B annual revenue from the strait and proposed joint tolls; Revolutionary Guard attacked a Singapore-flagged cargo ship. The incident highlights agreement fragility. Short-term oil prices faced downward pressure, but geopolitical uncertainty continues to support the energy market. Central Bank: New York Fed President Williams stated current monetary policy stance is appropriate and inflation significantly above 2% is undisputed. Tariffs, energy prices, and AI investment are main drivers; expects inflation to fall to ~3.5% by end-2026 and return to 2% by 2028. US May PCE rose 4.1% YoY (first above 4% since Apr 2023). Combined with Fed signals and revised GDP data showing weak consumption, this reinforces “higher rates for longer,” narrowing rate-cut expectations. Tech/AI: US stocks showed clear divergence. AI infrastructure memory and chip stocks surged sharply (Micron +15.7%, SanDisk/WDC-related +21%+, Applied Materials +13%+), driven by explosive AI data center demand for HBM and storage chips. Consumer tech giants faced selling pressure due to surging storage costs forcing price hikes (Apple up to +$300, stock -6.1%). Micron’s earnings significantly beat expectations and raised full-year guidance; HBM supply tightness (exacerbated by NVIDIA Blackwell demand) supports prices and margins. 🏛 Institutional Views • Multiple banks raised Micron price targets, viewing AI infrastructure as still early-stage with clear upward memory cycle and tight supply supporting prices/margins. Micron’s leading HBM ramp makes it a core beneficiary. • Institutions expect AI supply chain divergence to persist, with capital favoring high-visibility AI infrastructure names (memory/equipment/storage) over high-valuation consumer tech. If hyperscaler capex guidance remains strong, excess returns in these sectors may extend into 2027. • Overall, the current adjustment is seen as a normal post-high-valuation correction, but vigilance is needed on sticky inflation, geopolitical risks, and policy uncertainty impacting risk assets. 🔗 Source: https://www.bitget.com/news/detail/12560605478138 About Bitget 🔹 Website 🌐  | Twitter ❌ Telegram ✉️| Download 🍏 Discord 🤖   | Reddit 🤖