Bitget UEX Daily | Hormuz Strait Closure Drives Sharp Oil Rebound; US Stocks Under Pressure with Tech Leading Declines; SpaceX IPO Pricing Announced

I. Hotspot News

Federal Reserve Dynamics

Inflation Data Mixed, Core Indicators Moderate but Energy Drives Overall Rise

• U.S. May CPI rose 4.2% year-over-year and 0.5% month-over-month, in line with market consensus expectations, marking the first return above 4% in three years; core CPI rose 2.9% year-over-year and 0.2% month-over-month, below expectations.
• Rising energy costs are the main driver, with underlying inflation pressure relatively contained. Market Impact: The data was overall neutral and did not significantly alter the Fed’s rate cut path expectations, but combined with geopolitical energy shocks, it may increase policy decision uncertainty; investors need to monitor subsequent FOMC signals.

International Commodities

Iran Closes Hormuz Strait, U.S. Military Confirms Strikes, Oil Prices Surge Sharply

• Iranian armed forces declared the closure of the strait, with all vessels facing attack risks; the U.S. military conducted additional self-defense strikes on Iranian targets in response to aggressive actions.
• Trump-related statements and Iran’s denial of direct communication have complicated negotiations due to additional agreement conditions. Market Impact: This move threatens a critical global oil transport route, short-term boosting oil prices and transmitting inflation pressure; energy assets benefit, while overall market risk appetite is lifted toward safe-haven sentiment.

Macroeconomic Policy

Trump’s Additional Demands on Iran Delay Agreement, Economists Call for Rapid Stabilization of Strait Situation

• Additional conditions include diluting enriched uranium stockpiles and passage fee commitments, leading to delayed agreement.
• Inflation met expectations but energy factors require focused monitoring; Trump needs to provide policy certainty for the Fed. Market Impact: Geopolitical uncertainty combined with inflation data may strengthen market caution toward easing expectations, short-term favoring safe-haven and energy-related assets.

II. Market Review

Commodities & Forex Performance (Real-Time Update)

• Spot Gold: Approximately 4080 USD/ounce, 24h +0.59%.
• Spot Silver: Approximately 64 USD/ounce, 24h +1.24%.
• WTI Crude: Approximately 92 USD/barrel, 24h +2.2%.
• Brent Crude: Approximately 95 USD/barrel, 24h +1.68%.
• U.S. Dollar Index (DXY): Approximately 99.92 points, 24h -0.12%.

Driver Analysis: Iran’s closure of the Hormuz Strait, a key oil transport channel, has directly amplified global supply disruption risks, driving a strong oil price rebound. U.S. military actions and Trump-Iran communication disputes have further intensified geopolitical tensions. Although U.S. May CPI data met expectations, rising energy prices remain the main driver pushing overall inflation to a three-year high, while moderate core indicators limited extreme reactions. The USD index remained relatively stable, reflecting market efforts to seek balance amid risk events. Institutional consensus holds that short-term energy volatility will transmit to inflation expectations; if the strait issue persists, it may force the Fed to maintain a cautious policy stance. Gold and other safe-haven assets face short-term pressure but retain mid-to-long-term support, with significant oil price linkage effects; market volatility is expected to remain elevated.

Cryptocurrency Performance

• BTC: Approximately 62130 USD, +0.42%.
• ETH: Approximately 1640 USD, -0.28%.
• Total Cryptocurrency Market Cap: Approximately 2.2 trillion USD, 24h -2.4%.
• Market Liquidation Situation: 24h total liquidations 4.09 billion USD, with long liquidations 2.4 billion USD.
• Bitget BTC/USDT Liquidation Map: Current BTC price around 61,935 USD. A large cluster of long liquidation positions is concentrated in the 60,000-60,600 USD range below; if prices probe lower again, it may trigger cascading long stop-losses and test the key 60,000 USD support level. Above, the 62,800-64,000 USD zone has over 4 billion USD in accumulated short liquidation pressure; if BTC breaks above 62,500 USD and continues to strengthen, it may trigger short covering (Short Squeeze), driving prices rapidly toward the 64,000 USD area.

• Spot ETF Net Inflow/Outflow: BTC spot ETF yesterday net outflow of 77.4 million USD.

Driver Analysis: Geopolitical conflict pushed up energy prices and inflation expectations, creating suppression on risk assets in the macro environment; the crypto market adjusted alongside U.S. stocks. Small ETF outflows reflect investor caution, while leverage liquidations further amplified price volatility. BTC showed certain resilience relative to ETH, favored as a store-of-value asset amid uncertainty. Technically, prices are oscillating within key ranges. Institutional views suggest short-term macro and geopolitical factors dominate, with mid-term focus needed on Fed policy and capital flows; overall trend is cautious but without systemic risk signals.

U.S. Stock Index Performance

• Dow Jones: Closed at 49918.78 points (down 1.87%), continuous pullback.
• S&P 500: Closed at 7266.99 points (down 1.62%), with clear tech and energy differentiation.
• Nasdaq: Closed at 25169.50 points (down 1.98%), with significant tech sector drag.

Tech Giants Dynamics

• NVDA: 200.42 USD, down 3.73%.
• AAPL: 291.58 USD, up 0.35%.
• MSFT: 397.36 USD, down 1.46%.
• GOOGL: 356.85 USD, down 2.16%.
• AMZN: 239.03 USD, down 2.11%.
• META: 575.94 USD, down 1.48%.
• TSLA: 384.66 USD, down 3.03%.

Performance Summary and Driver Analysis: Tech giants overall pulled back with the broader market, with the semiconductor sector under greater pressure. AI-related stocks faced weakness due to valuation and sector rotation pressures, while Apple and other consumer tech names were relatively resilient. Geopolitical events and inflation data formed the common backdrop, with some capital flowing from high-valuation tech to energy. Individual differentiation is evident: some benefited from long-term AI narratives, while others faced macro pressures or company-specific factors.

Crypto Market Stock Contracts Overview

Core Data

• 24H Total Trading Volume: 29.87 billion USD (+32.21%)
• Total Open Interest (OI): 7.54 billion USD (-3.05%)
• 24H Total Liquidations: 80.99 million USD
• Trading Volume Share: 15.22%
• Open Interest Share: 7.40%
• Liquidation Share: 19.79%

Sector Open Interest Ranking

1. Technology Sector: 1.12 billion USD
2. Financial Sector: 145 million USD
3. Consumer Sector: 69.64 million USD
4. Biotechnology Sector: 18.81 million USD
5. Industrial Sector: 16.91 million USD

Capital Flow Observations: Market trading volume surged 32%, but total open interest declined 3%, indicating significantly heightened trading activity with some funds choosing to close positions, enhancing short-term speculative characteristics. The technology sector continues to dominate, but its liquidation share nearing 20% reflects accelerated leverage turnover and elevated market volatility.

II. Heatmap Capital Distribution (by Open Interest)

Commodities

• Gold (GOLD): 3.33 billion USD (largest market holding)
• Silver (SILVER): 675 million USD
• WTI Crude: 629 million USD
• Brent Crude (BRENT): 433 million USD

Tech Stocks

• NVIDIA (NVDA): 238 million USD
• Marvell Technology (MRVL): 172 million USD
• Google (GOOGL): 98.6 million USD
• Circle (CRCL): 94.2 million USD
• Tesla (TSLA): 83.8 million USD
• MicroStrategy (MSTR): 65.1 million USD
• Intel (INTC): Active holdings
• SanDisk (SNDK): Active holdings

Market Capital Flow Observations: Gold holdings further rose to 3.33 billion USD, maintaining its position as the largest holding across the market, reflecting strong safe-haven demand amid inflation, interest rate, and geopolitical uncertainty. Within tech, capital remains concentrated in core AI industry chain targets, with NVIDIA and Marvell maintaining high holdings; meanwhile, crypto-related stocks like MicroStrategy and Circle retain elevated attention, indicating some capital is still positioning in digital asset themes. WTI and Brent crude holdings rose in tandem, signaling increased trading enthusiasm for energy price volatility.

Sector Anomaly Observation

Energy/Shale Oil Sector up about 1.5-2.5% (outperforming the market in reverse)

• Representative stocks: Devon Energy (DVN) up nearly 5.7-6.7%, Apache Petroleum (APA) up nearly 4%.
• Driving Factors: Hormuz Strait closure directly boosted oil prices; market concerns over supply disruptions rose, benefiting energy producers. WTI crude rose over 2%, combined with company-level production guidance and M&A integration positives, further supporting sector performance. Despite broader market pressure, energy stocks showed strong defensive attributes and may continue to be driven by geopolitical risk premium in the short term, but caution is needed for potential pullbacks if conflict eases.

Semiconductor Sector down about 3-5% (dragging tech indices)

• Representative stocks: Broadcom (AVGO) down over 5%, Qualcomm (QCOM) down nearly 7%.
• Driving Factors: In the context of market adjustment, profit-taking and valuation pressure emerged; although long-term AI chip demand remains strong, short-term macro uncertainty and sector rotation led to capital outflows. As a high-beta sector, semiconductors performed weakly under dual geopolitical and inflation concerns. Institutions are watching AI capex implementation, but short-term volatility is expected to remain high.

III. In-Depth U.S. Stock Individual Analysis

1. Oracle (ORCL) - Sharp Post-Earnings Decline

Event Overview: Oracle’s Q4 capital expenditure reached 15.9 billion USD, with full-year total reaching 55.7 billion USD, significantly exceeding the previous 500 billion USD guidance. Adjusted revenue of 19.18 billion USD met or slightly exceeded expectations, but the cloud revenue portion (IaaS+SaaS) at 9.91 billion USD fell short of the 10 billion USD expectation. The company confirmed FY2027 revenue guidance of 90 billion USD, raised adjusted EPS to 8.05 USD, and involved refinancing-related news. Cloud infrastructure (IaaS) revenue grew strongly to 5.79 billion USD, showing robust AI-driven demand, but high capex triggered market concerns over margins and cash flow, leading to sharp after-hours stock decline.

Market Interpretation: Investors focused on potential future margin pressure from high capex, despite strong cloud business growth and substantial increase in remaining performance obligations to 638 billion USD, demonstrating strong long-term AI infrastructure demand. Refinancing news further intensified valuation concerns, with the market digesting cost pressures in the short term.

Investment Insight: Cloud infrastructure and AI long-term growth potential stands out; it is recommended to monitor execution delivery and margin improvement signals. Short-term valuation correction may provide phased entry opportunities.

2. Super Micro Computer (SMCI) - Announces Large-Scale Financing

Event Overview: The company plans 7 billion USD equity and equity-linked financing (including 5 billion USD underwritten issuance and 2 billion USD ATM issuance) to procure components supporting approximately 39 billion USD in AI server orders (from over 20 customers). Previous stock had seen sharp pullback; this financing supports AI business expansion but also brings equity dilution concerns, leading to further stock pressure.

Market Interpretation: Despite strong order backlog reflecting booming AI server demand, large-scale equity financing in a high-growth phase triggered dilution and valuation pressure concerns. Institutions believe the move helps capture market opportunities, but execution efficiency and order conversion rates will be key observation points.

Investment Insight: AI server demand remains strong; focus on financing fund usage efficiency and delivery capability. Long-term bullish but need to remain vigilant on short-term dilution impact.

3. Amazon (AMZN) - Secures Large Loan Facility

Event Overview: Amazon signed a 17.5 billion USD loan agreement with a Citigroup-led syndicate (delayed draw term loan), with interest based on SOFR plus spread (0.625-0.875%), for general corporate purposes; the facility is retained until the end of September this year. This move enhanced company liquidity to support business expansion and capital expenditures.

Market Interpretation: It demonstrates Amazon’s strong financing capability in the current interest rate environment, providing flexible funding support for AI, cloud services, and retail expansion. The market believes this strengthens financial resilience, but attention is needed on specific fund allocation and return efficiency.

Investment Insight: Abundant liquidity is beneficial for long-term growth strategy; investors can pay attention to fund usage transparency and business synergies.

IV. Cryptocurrency Project Dynamics

1. Japanese gaming company Enish liquidated its entire holding of 8.063 BTC at a loss of approximately 160,000 USD and shifted to a Solana ecosystem staking strategy targeting 6% to 8% annualized yield. The company stated that the DAT 1.0 strategy reliant on crypto asset price appreciation has become increasingly difficult to sustain amid market volatility, while the DAT 2.0 strategy of earning steady income through staking and validator operations has become the new direction.
2. Tom Lee: ETH supply is contracting; BitMine may not need to hold more than 5% of supply.
3. According to The Block, SpaceX’s Thursday IPO may have a significant impact on the crypto market, with some investors potentially selling crypto assets to purchase SpaceX shares. GSR OTC global head Spencer Hallarn stated that the IPO needs to raise 75 billion USD, and the funds must come from somewhere. K33 Research head Vetle Lunde pointed out that investor expectations for hot IPOs like SpaceX may be suppressing Bitcoin prices. Bitwise advisor Jeff Park said Bitcoin is being used to fund upcoming hot market transactions. At the same time, SpaceX-related crypto trading activity has been quite active. Talos data shows SpaceX perpetual contracts trading around 155 USD, above the 135 USD IPO pricing, with open interest exceeding 385 million USD and cumulative trading volume reaching 2.7 billion USD. Bitget Wallet COO Alvin Kan said self-custody wallets are becoming an important channel for capital market access; Bitget’s tokenized SpaceX IPO subscription has increased from 3 million USD to 13 million USD, achieving oversubscription.
4. Bitwise Chief Investment Officer Matt Hougan stated that, based on meetings with over 40 financial advisors this week, advisors’ interest in stablecoins and tokenization has surpassed Bitcoin. Despite the ongoing bear market, financial advisors remain interested in crypto, but their focus is increasingly shifting beyond Bitcoin. There are two reasons: first, fiat depreciation trades have faded from investor consciousness; second, stablecoins and tokenization have become core industry discussion topics, frequently mentioned by figures such as the SEC Chair, Goldman Sachs CEO, and BlackRock CEO.
5. According to The Information, OpenAI founder Altman expects OpenAI to go public within the next year.

V. Today’s Market Calendar

Data Release Schedule

June 11 (Thursday)

1. SpaceX IPO Final Pricing: One of the largest IPOs in history ($135/share, expected to raise approximately 75 billion USD, market cap near 1.77 trillion USD), a strong catalyst for space/tech stocks. ★★★★★ (Additional large investor events)
2. U.S. May PPI Data Release: Key inflation pressure indicator (expected significant upside).
3. U.S. Stock Earnings: Adobe (ADBE) and others after market close (focus on AI software demand).
4. North American World Cup Opening (June 11 - July 19): Sports industry-related U.S. stocks may attract attention.

June 12 (Friday)

1. SpaceX Official Nasdaq Listing (Ticker: SPCX): Historic IPO event, first trading day, boosting market sentiment. ★★★★★
2. U.S. Economic Data: June University of Michigan Consumer Confidence Preliminary, June 1-Year Inflation Expectations Preliminary.

This Week’s U.S. Stock Core Focus: “Super Event Week”: SpaceX IPO + Apple WWDC + Heavy Inflation Data (CPI/PPI) + Oracle/Adobe Earnings will dominate U.S. stock tech and macro sentiment. It is recommended to focus on AI, tech infrastructure, and space concept sectors.

Institutional Views

Multiple investment bank analysts pointed out that the escalation of Iran-U.S. conflict leading to surging oil prices and Hormuz Strait closure risks has become the core market uncertainty source, potentially pushing up inflation and testing Fed patience. Institutions like BlackRock maintain relative optimism on U.S. stocks, especially tech and AI sectors, but emphasize the potential drag from energy shocks on European and global growth. Gold faces short-term callback pressure but is bullish long-term to higher ranges; Bitcoin and other crypto assets show differentiation amid macro volatility, with ETF outflows reflecting cautious sentiment. Overall, institutions suggest focusing on energy beneficiary stocks and defensive allocations, while remaining vigilant against expanded geopolitical events impacting risk appetite. Short-term volatility is expected to intensify but without systemic collapse signals; mid-term depends on conflict de-escalation and economic data.

Disclaimer: The above content is compiled by AI search and manually verified for release. It does not constitute investment advice. Data may contain deviations; always refer to real-time market sources.