News

Jinse Finance reported that after the stock prices of Strategy and its Japanese counterpart Metaplanet soared over the past year, they have recently experienced declines, indicating that even industry leaders are not immune to shifts in market sentiment. Currently, the crypto treasury strategy is shifting from hype to skepticism, and the Strategy model is facing difficulties. For some companies, the appeal is obvious: packaging as a listed company can provide exposure to cryptocurrency and potential leveraged returns, while using a stock format familiar to investors. In certain cases, this model can still command a high premium. However, this type of trading is becoming crowded: too many companies are rushing in, offering little value beyond the tokens they hold. As prices fall, confidence supporting these premiums is beginning to waver.

Jinse Finance reported that Citigroup stated the bullish momentum in the US stock market continues to weaken, and this trend is also reflected in European markets across the Atlantic. European stock market investors are facing political turmoil in France, while the European Central Bank is expected to keep interest rates unchanged for the second consecutive time this Thursday. In a report, Citigroup pointed out: "Bullish positions in the US continue to decline, and the normalization levels of the S&P 500 Index and the Russell 2000 Index are both falling, although there is still some new risk capital flowing into the market." The report added, "Positions in the Nasdaq Index are more resilient, with bullish levels remaining high." The bank believes that recent US labor data has increased the likelihood of a Federal Reserve rate cut.