Bitget UEX Daily Report | Hopes for Middle East Peace Rise; Nasdaq Posts Record 12-Day Rally; Anthropic Unveils New AI Model
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Bitget UEX Daily Report | Hopes for Middle East Peace Rise; Nasdaq Posts Record 12-Day Rally; Anthropic Unveils New AI Model
Overall, institutions generally believe that improved short-term risk sentiment will support continued volatile but relatively strong performance for U.S. equities and crypto assets; however, attention should be paid to potential disruptions to long-term interest rate expectations caused by Federal Reserve personnel changes, as well as possible renewed volatility in the Middle East situation.
Navigating Web3 tides with focused insights
I. Top News Highlights
Federal Reserve Updates
All Democratic Senators Jointly Press to Delay Wally’s Fed Chair Nomination Hearing
- Wally, Trump’s nominee for Federal Reserve Chair, was scheduled to appear before the Senate Banking Committee next Tuesday—but all 11 Democratic committee members jointly wrote a letter on Thursday urging suspension of the nomination process until investigations into current Chair Jerome Powell and Board member Michelle Bowman conclude.
- This move significantly reduces the likelihood that Wally will be confirmed before Powell’s term expires on May 15. Market impact: Increased uncertainty around Fed leadership transition has temporarily disrupted expectations of policy continuity; Treasury yields and the U.S. dollar face near-term downward pressure.
Global Commodities
Oil Prices Under Pressure Amid Middle East Ceasefire Agreement and Advancing U.S.-Iran Nuclear Talks
- On April 16, Trump announced a 10-day ceasefire agreement between Lebanon and Israel; Israel agreed to the truce but refused to withdraw from southern Lebanon. Simultaneously, “breakthrough progress” was reported in U.S.-Iran nuclear negotiations—Trump claimed Iran had agreed to abandon its nuclear weapons program and transfer related facilities, with formal talks possibly resuming over the weekend.
- Iran has yet to issue an official response, but optimism about de-escalation in regional tensions is rapidly rising. Market impact: Geopolitical risk premium has declined sharply, easing concerns over oil supply disruptions; international oil prices have retreated accordingly—supporting global risk asset valuations.
Macroeconomic Policy
Money Market Funds Record Largest Single-Day Net Outflow in History
- Data from the Investment Company Institute (ICI) shows money market fund assets fell to $7.64 trillion, with a single-day net outflow of $175.81 billion—the largest daily decline on record.
- This capital flight may reflect institutional investors’ accelerated reallocation toward equity and other higher-risk assets amid record-high U.S. equities. Market impact: The trend of liquidity shifting toward stocks, crypto, and other high-risk assets has further strengthened, reinforcing elevated market risk appetite.
II. Market Recap
Commodities & FX Performance
- Spot Gold: ~$4,800/oz, up 0.13%.
- Spot Silver: $78.80/oz, up 0.37%.
- WTI Crude: $89.80/barrel, down ~1.55%.
- Brent Crude: $98.00/barrel, down ~1.4%.
- U.S. Dollar Index: 98.213, slightly weaker.
Cryptocurrency Performance
- BTC: +0.23% over 24H, currently trading near $75,000; Middle East peace expectations boosted risk assets, pushing price upward within the $74,000–$75,000 range.
- ETH: +0.57% over 24H, currently at ~$2,350; rebounded alongside broader markets but remains within recent consolidation ranges.
- Total Crypto Market Cap: +0.8% over 24H, now ~$2.63 trillion; broad-based rally driven by improved risk sentiment—ORDI surged over 500% in just three days.
- Liquidations: Total liquidations over 24H amounted to ~$436 million—$200 million longs, $230 million shorts—indicating relatively balanced leveraged positioning.
- Bitget BTC/USDT Liquidation Map: Current price hovers near the critical $75k level; dense short liquidations lie between $75k–$77k—any breakout could trigger consecutive “short squeezes.” Long liquidations have largely been exhausted; pullbacks lack liquidation-driven momentum, leaving the near-term structure biased upward.
- Spot ETF Net Flows: BTC spot ETFs recorded a net outflow of $55.6 million yesterday; ETH spot ETFs saw a net outflow of ~$12.5 million.
- BTC Spot Flows: $2.302 billion inflow vs. $2.309 billion outflow yesterday—net outflow of ~$7 million.
U.S. Equity Index Performance
- Dow Jones Industrial Average: +0.24%, closing at 48,578.72—rising for several sessions consecutively.
- S&P 500: +0.26%, closing at 7,041.28—reaching a new all-time high.
- Nasdaq Composite: +0.36%, closing at 24,102.7—extending its winning streak to 12 sessions, matching the longest since 2009 (March 31).
Tech Giants’ Performance
- NVIDIA: -0.26%, at $198.35—robust AI chip demand offset by profit-taking pressure.
- Alphabet (GOOGL): -0.33%, at $336.02—steady search and cloud performance, tracking index volatility in the short term.
- Apple: -1.14%, at $263.40—weighed down by concerns over consumer electronics demand.
- Microsoft: +2.2%, at $420.26—cloud services and AI strategy gaining strong market recognition.
- Amazon: +0.48%, at $249.70—solid e-commerce and AWS performance.
- Broadcom: +0.44%, at $398.72—supported by strong AI server chip demand.
- Meta: +0.79%, at $676.87—advertising recovery and AI investment expectations driving gains.
Sector Highlights
Lithium Battery Sector rose over 8%
- Key stocks: Albemarle surged 16.31%; Sigma Lithium rose 13.61%.
- Catalysts: Easing Middle East tensions reduced energy cost uncertainty; improving outlook for global EV supply chains triggered investor enthusiasm for lithium mining stocks.
Optical Communications Sector rose over 6%
- Key stocks: Applied Optoelectronics +10.36%; Lumentum +8.16%; Coherent +6.42%—reaching a new all-time high.
- Catalysts: Accelerated AI data center construction continues to drive surging demand for optical modules and lasers—supply chain stocks rallied sequentially.
III. In-Depth Stock Analysis
1. TSMC – Price Pullback Following Strong Earnings
Event Summary: TSMC reported robust quarterly results, with AI chip demand lifting revenue beyond expectations—but shares fell 3.13% after hours. Market focus centers on its capital expenditure plans and geopolitical exposure. Market Interpretation: Analysts view the pullback as short-term profit-taking; however, long-term visibility on AI server orders remains high, keeping valuation attractive. Investment Insight: The AI capex cycle remains in its early stage; as the world’s leading foundry, TSMC offers high earnings visibility—watch for strategic entry opportunities following the dip.
2. Tesla – Significant Internal Cybertruck Sales
Event Summary: Approximately 18–20% of Q4 Cybertruck deliveries were internal purchases by Musk-affiliated entities—underscoring its strategic role within Tesla’s ecosystem. Market Interpretation: While such sales provide near-term delivery support, analysts stress that long-term product competitiveness must ultimately be validated by external demand growth. Investment Insight: As the breakthrough electric pickup, Cybertruck’s internal adoption signals corporate confidence—monitor conversion of future external orders closely.
3. Albemarle – Lithium Sector Leader Rallying Strongly
Event Summary: Shares surged 16.31% in a single day, propelling the broader lithium battery sector higher. Market Interpretation: Analysts cite Middle East peace expectations reducing energy cost pressures, coupled with sustained global EV penetration growth reigniting tight lithium supply-demand dynamics. Investment Insight: The lithium price bottom-rebound thesis holds merit; as a top-tier global lithium producer, Albemarle offers compelling earnings leverage.
4. Applied Optoelectronics – Optical Communications Momentum Intensifies
Event Summary: Shares rose 10.36%, triggering broad gains across the optical communications space. Market Interpretation: Surging AI data center demand for high-speed optical modules has dramatically increased order visibility across the supply chain. Investment Insight: Against the backdrop of stronger-than-expected AI capex, the optical communications value chain remains in a high-visibility, high-growth phase—track execution against booked orders closely.
5. Netflix – Q1 Beats Expectations, But Q2 Guidance Disappoints
Event Summary: Q1 revenue and subscriber growth both exceeded consensus, yet Q2 guidance fell short; co-founder Reed Hastings also announced his gradual exit from management. Market Interpretation: Analysts highlight content cost discipline and advertising revenue growth as key long-term drivers, though leadership transition introduces near-term uncertainty. Investment Insight: Amid intensifying streaming competition, Netflix must continue demonstrating pricing power and content efficacy—closely monitor subscriber trends and ARPU evolution.
IV. Cryptocurrency Project Updates
1. Glassnode analyst CryptoViz.art noted it is still premature to declare the start of Bitcoin’s next bull market. Bitcoin’s true market mean is $78,013, and the current price remains below that level—leaving active holders underwater. Since Bitcoin dropped below this threshold on January 31, it has remained there for 75 days, with current unrealized losses hovering around 5%. Historical data from the 2018 and 2022 cycles suggests bottoms typically formed between months 5 and 9. Meanwhile, Bitcoin’s market capitalization continues to bleed. CryptoQuant analyst and Bitcoin researcher Axel Adler Jr. pointed out that Bitcoin’s 365-day market-cap-to-realized-cap growth rate has stayed negative across all 105 trading days so far in 2026—indicating insufficient new capital inflows to sustain higher prices. Data shows Bitcoin’s realized market cap has fallen from $1.12 trillion to $1.08 trillion year-to-date—a 3.23% decline. Though recent metrics show modest improvement, Adler Jr. emphasized this only reflects slowing outflows—not a bullish reversal.
2. Onchain Lens reported BlackRock recently withdrew 3,899 BTC ($289.88 million) and 839 ETH ($1.95 million) from Coinbase.
3. Cardano founder Charles Hoskinson stated that Bitcoin quantum resistance proposal BIP-361—proposed by developers including Jameson Lopp—was incorrectly labeled a soft fork; implementation would actually require a hard fork, conflicting with Bitcoin’s cultural aversion to hard forks.
4. Amy Oldenburg, Head of Digital Asset Strategy at Morgan Stanley, stated cryptocurrencies are transitioning from fringe activities to core operational functions—“becoming part of everyday business.” Appointed in February, she oversees integration of digital asset strategy and execution across the firm’s institutional wealth and asset management divisions—with the goal of embedding crypto and tokenization into existing infrastructure.
5. Yuga Labs, developer of the Bored Ape Yacht Club NFT collection, announced executive leadership changes: CEO Greg Solano has stepped down to become Chairman of the Board, and Michael Figge—previously Chief Product Officer since joining in 2021—has assumed the CEO role, having served in that capacity for several weeks.
6. Josh Stark, senior executive at the Ethereum Foundation (EF), announced he will depart at the end of this month, concluding a five-year tenure. Stark joined EF from the Special Projects team, later ascending into leadership—collaborating closely with EF President Aya Miyaguchi, Ethereum founder Vitalik Buterin, and multiple co-executive directors—and playing a central role in communications and coordination for major upgrades including The Merge, Dencun, Fusaka, and Pectra.
V. Today’s Market Calendar
Key Event Preview
- Wally’s Fed Chair Nomination Hearing: Democratic pressure persists—watch for Senate statements and their implications for monetary policy expectations.
Institutional Views:
With the rapid implementation of the Middle East ceasefire and tangible progress in U.S.-Iran nuclear talks, geopolitical risk premiums have receded sharply—driving oil prices lower while significantly boosting global risk asset valuations. Nomura strategists note the current U.S. equity rally—fueled by “fear-of-missing-out” (FOMO) buying—remains intact; investors should avoid contrarian short positions unless either energy shortages or runaway bond yields emerge as clear warning signals. Both the S&P 500 and Nasdaq have hit fresh all-time highs, with technology stocks—especially AI-related names—drawing the bulk of inflows. Crypto markets mirrored the rally: Bitcoin stabilized above $74,000, ETF inflows continued, and liquidation data remained moderate—reflecting restored risk appetite. Overall, institutions broadly agree that improved near-term sentiment will sustain a cautiously bullish bias across U.S. equities and crypto assets—but caution remains warranted regarding potential disruption to long-term rate expectations from Fed personnel changes, and possible re-escalation risks in the Middle East.
Disclaimer: The above content was compiled via AI-powered search and verified manually prior to publication. It does not constitute any investment advice.
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