Market Trends and Volatility Focus

In the past 24 hours, the liquidation amount in the crypto market reached 567 million USD, primarily concentrated on long positions, indicating that market sentiment is optimistic but facing suppression. Bitcoin once fell below 115,000 USD, showing clear signs of short-term pressure. In the traditional market, the S&P 500 closed steady, while European stocks, particularly Novo Nordisk, surged nearly 7%, demonstrating strength in the pharmaceutical sector. The energy market saw a rebound in crude oil due to expected adjustments in supply and demand. As the market turns its attention to the Jackson Hole meeting, expectations for a Federal Reserve interest rate cut may cool down, and the direction of capital flow remains unclear. Investors need to be cautious of volatility risks.