US Treasury yields have climbed back above 4.5%, with the 10-year rate rising almost without hesitation. The market is pricing in a more troublesome scenario: if geopolitical tensions continue to escalate, energy prices could become a trigger for secondary inflation. This transmission chain has never been friendly to high-valuation growth stocks, especially semiconductors. The dual-use nature puts it under the dual pressure of valuation discounts and supply chain disruptions in such an environment.
In the past 24 hours, <a>$NBIS </a> dropped by 3.83%, with the price returning to 281.49. The funding rate remains in the negative zone at -0.00014, indicating that shorts are still paying longs to maintain their positions, with bearish sentiment not easing. However, open interest is steady at 21,800 contracts, showing no signs of panic liquidation. This combination of price decline, stable OI, and negative funding rate reflects a mild downward revision of consensus, rather than a cascading liquidate-all situation; the bears are patient, and the bulls haven't fully surrendered.
When geopolitical risks heat up, the market instinctively tends to sell off assets that rely on complex global supply chains, with semiconductor capital expenditure expectations likely to take the first hit. As for the timing to act, I would anchor on the key level of 275. That’s an important technical support level recently, and if it’s effectively breached, it signifies that the market's assessment of geopolitical risks is transitioning from emotional to a substantial contraction in capital expenditures.
Trading tag: <a>#TradFi #链上美股 </a>#NBIS
How will NBIS perform under risk-off sentiment?
In the past 24 hours, <a>$NBIS </a> dropped by 3.83%, with the price returning to 281.49. The funding rate remains in the negative zone at -0.00014, indicating that shorts are still paying longs to maintain their positions, with bearish sentiment not easing. However, open interest is steady at 21,800 contracts, showing no signs of panic liquidation. This combination of price decline, stable OI, and negative funding rate reflects a mild downward revision of consensus, rather than a cascading liquidate-all situation; the bears are patient, and the bulls haven't fully surrendered.
When geopolitical risks heat up, the market instinctively tends to sell off assets that rely on complex global supply chains, with semiconductor capital expenditure expectations likely to take the first hit. As for the timing to act, I would anchor on the key level of 275. That’s an important technical support level recently, and if it’s effectively breached, it signifies that the market's assessment of geopolitical risks is transitioning from emotional to a substantial contraction in capital expenditures.
Trading tag: <a>#TradFi #链上美股 </a>#NBIS
How will NBIS perform under risk-off sentiment?