Billy The Cat price

Today, the A-shares are almost like a cesspool, with a significant reduction in capital, down by over 200 billion. The market's trading heat is clearly in the robotics sector, while the lithium battery sector surged in the morning, followed by a pullback in the afternoon, but the trend hasn't deteriorated. Last Friday, the U.S. stock market was quite sluggish, and today the futures continue to decline, while gold is rising. In this context, Bitcoin has shown an independent trend, reaching a new high of 120,000. Regarding macro events this week, there is important data coming out on Tuesday, the CPI data for June, which will determine whether the U.S. stock market continues to rise or experiences a short-term correction. After the last non-farm employment data exceeded market expectations, the expectation for a rate cut by the Federal Reserve in July has almost disappeared, and currently, the probability of a rate cut in September is only 64.8%. If the CPI data on Tuesday night significantly exceeds expectations, then the expectation for a rate cut in September may also vanish. The current market expectation for overall CPI is 2.67%, with core CPI increasing by 3%, and a month-on-month increase of about 0.3%, which supports the argument for the Federal Reserve not to cut rates. Personally, I believe that the CPI data on Tuesday will be slightly lower than market expectations. Over the weekend, there has been talk about whether Powell is considering resigning. Subjectively, I hope Powell completes his term. If he resigns, although the expectation for a rate cut will definitely rise, the independence of the Federal Reserve will inevitably be questioned, which fundamentally is bearish for U.S. stocks and bonds, but still bullish for gold. From the perspective of U.S. bonds, the 2-year yield has returned to 3.9%, and the 10-year yield has returned to 4.4%, approaching the hitting point again, which brings us back to the main concerns of the market. Regarding the consequences of Powell's resignation, Deutsche Bank's view is very direct: if Trump forces Powell to resign, the dollar index could plummet by 3%-4% within 24 hours, and U.S. bonds could sell off by 30-40 basis points. As for the U.S. stock market's performance this week, I believe the probability of a correction is greater than that of continued growth. A correction is healthy, especially since it has already set historical highs for two consecutive weeks, and the upward momentum is clearly weakening. Moreover, the market sentiment indicators have been in the extreme greed zone for two consecutive weeks. It's worth noting that most global assets are reaching new highs, including Nvidia, Bitcoin, copper prices, silver, and platinum, and these assets shouldn't be hitting new highs simultaneously. Just to mention quietly, the dollar index has started to rise. The market's expectations for a rate cut are extremely optimistic, which is a bit dangerous. Don't be overly optimistic, and don't fill your positions too much. Returning to the U.S. stock positions, IWM small-cap index will continue to hold, and I will also make some trades in the metallurgical coal sector, observing the target (HCC).

Recently, ETH has risen a lot. Some familiar addresses are buying, and some old friends are tweeting again, saying this is the beginning of a new round. Many people are excited, saying that institutions have finally arrived, and that we have finally waited for this. In the morning meeting, everyone was discussing changing the market maker, how high the next peak could reach, and how much someone bought. I couldn't say anything, feeling very dazed. Most of my friends working on projects are still having a tough time, unable to find new users or raise funds; the VCs I know are also quite anxious, as the last round of funds has almost been burned through, and they haven't seen any signs of LPs for the new round. Looking at the price of ETH, I feel that this bull market has nothing to do with us, it is not coming for us, just like the recent BTC incident. The saddest part is that the sense of "anticipation" has disappeared. I naturally have no interest in how those financial giants operate; even if I understand it clearly, what difference does it make? It is still something I cannot control. When discussing the struggles of entrepreneurs with other group members, receiving the reply "they are not important" was probably the moment my blood pressure was highest during this time. I just saw a screenshot in the group saying that the Perp Dex for crypto stocks is going to be hot again. I didn't feel particularly excited, just suddenly felt a bit down; maybe Crypto really doesn't have a main character, it will just become something very tool-like. Maybe more and more people will use it, but it seems to really have no more "meaning" or "value" now. There is a saying I actually heard a long time ago, but only recently understood: Crypto is a transformation of production relations, not a revolution of productive forces. A revolution in productive forces can bring about a new era, while improvements in production relations are more of a backdrop. Some also say that Crypto will be needed more and more. This is indeed the case, with various stocks being put on the blockchain, and various financial institutions looking for opportunities to use blockchain; some see it as a political tool, and many who once looked down on this side are now trying to find ways to apply for licenses to issue RWAs. But being needed does not mean being valued; the entire system is not designed around you, it is just using you at special moments. If this bull market cannot bring new creations, cannot improve the lives of developers, and cannot help products survive, then what does it count as a bull market? If everyone is just doing off-chain things on-chain, then what have we been persisting in these years? I don't know if this industry will eventually get better; I only know that it is being used better and better, but it is also becoming less and less like what we once believed it to be. But maybe this is a good thing for the industry; I don't know. Let's go drink at G'DAY in the afternoon, don't let emo hold you back, we still need to strive to accept change and continue to live passionately.