Báo cáo hàng tuần của Wintermute: Fed tăng lãi suất gây ra biến động thị trường, quỹ AI buộc phải thanh lý

The market weekly report released by market maker Wintermute (@wintermute_t) showed that both macro and crypto markets experienced multiple shocks over the past week: On the macro front, the Federal Reserve maintained interest rates at 3.50-3.75% in a 9:3 vote, with officials Hammack, Kashkari, and Logan unusually voting together in favor of a 25bp rate hike—the second meeting since Chair Warsh’s appointment to feature such a split. The 30-year U.S. Treasury yield briefly touched 5.24%, hitting its highest level since July 2007, while the 10-year yield stood at 4.67%, indicating a bear steepening yield curve and reflecting market skepticism toward the Fed’s credibility on inflation. On the equity side, the AI leveraged fund Situational Awareness (under Leopold Aschenbrenner) faced a margin call due to its 400% leverage, causing its assets to plummet from $45 billion in early July to approximately $10 billion, forcing it to sell all its public positions at a discount to Citadel. Long positions in AI infrastructure stocks such as SK Hynix and CoreWeave plunged sharply, partially explaining the continued decline in chip stocks throughout July. On the crypto front, BTC fell 2.84% for the week and ETH fell 3.63%, but Wintermute noted that major sellers appear nearly exhausted, with pain-driven trading sentiment shifting upward. ETH has outperformed BTC for two consecutive months.