Major Changes Nearly 230000 People Liquidated as Main Funds Increase Positions in the Gold and Light Module Sectors

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Nearly 230,000 people were liquidated due to the significant fluctuation in the price of Bitcoin.
The price of Bitcoin has dropped again. According to CoinGlass, a global cryptocurrency price website, as of 16:00 on July 5th, the latest price of Bitcoin fell to $54,387.8 per coin, a decrease of more than 6.5% compared to yesterday’s $58,200.1 per coin.
At the same time, a total of 229,382 people were liquidated in the past 24 hours, with a total liquidation amount of $638 million. The largest single liquidation occurred in Binance-ETHUSDT, with a value of $18.4832 million.
Analysts believe that the recent drop in cryptocurrency prices may be related to geopolitical elections and supply. The operators of the electricity-consuming computers that support the Bitcoin blockchain are still suffering from the financial impact of the so-called halving in April. The halving restricts their acquisition of new tokens through work, and one of the measures taken by these Bitcoin miners is to sell part of their token inventory. In addition, the demand for Bitcoin exchange-traded funds in the United States has weakened, and the government is disposing of confiscated tokens.
Market turnover has been below 600 billion yuan for 3 consecutive days
On July 5th, the Shanghai Composite Index fell by 0.26%, the Shenzhen Component Index rose by 0.25%, and the ChiNext Index rose by 0.51%. The number of stocks that rose was more than those that fell, with 3,926 stocks rising and 1,231 stocks falling. The market turnover was 577.25 billion yuan, which has been below 600 billion yuan for 3 consecutive trading days. Net outflow of northbound funds was 3.966 billion yuan.
On the market, the precious metals and innovative pharmaceutical sectors rose in the afternoon, with multiple stocks such as *ST Ji Yao, Xianju Pharmaceutical, Luo Xin Pharmaceutical, and Huahai Pharmaceutical hitting the limit up. The digitalization of finance and taxation concept remained strong throughout the day, with individual stocks such as Tianji Technology, Tianyi Horse, and Tian Di Online hitting the limit. Previously strong concepts such as banks, humanoid robots, and PCB had the highest decline.
Guosheng Securities believes that the low trading volume in the two markets indicates that the market panic is not significant, and the shrinking adjustment of the index also indicates that the selling pressure in the market continues to decrease. The probability of the Shanghai Composite Index reaching a short-term low point has increased, and a rally in July can still be expected.
Main funds increased positions in the gold and optoelectronic module sectors in a week
This week, the net outflow of main funds in the A-share market was 59.343 billion yuan. Among the Shenwan industries, main funds fled the electronic sector, with a net outflow of as much as 10.997 billion yuan; the power equipment industry ranked second, with a net outflow of 5.237 billion yuan; the computer, pharmaceutical and biotechnology, and mechanical equipment industries all had a net outflow of more than 4 billion yuan.
Only the commerce and retail trade and coal industries received a net inflow of main funds this week, with 155 million yuan and 2.4569 million yuan, respectively.
From the perspective of individual stock fund flow, 33 stocks received a net inflow of main funds exceeding 100 million yuan. Among them, Xin Yi Sheng and Zijin Mining ranked first in terms of net inflow of main funds, both exceeding 600 million yuan. Xin Yi Sheng, Tianfu Communication, and other optoelectronic module stocks received the influx of main funds. Xin Yi Sheng previously stated on the interactive platform that the company’s 800** products have achieved mass shipments, and it is expected that the shipments will continue to increase in the next few quarters of this year. Zhongji Xuchuang had a net buying amount of 342 million yuan on July 4th.
The gold index rose sharply today, with the stock price of Zhongjin Gold hitting a historical high. This week, Yin Tai Gold, Zhongjin Gold, and Chifeng Gold all received a net inflow of main funds exceeding 100 million yuan. In terms of news, the US economic data fell short of expectations, boosting expectations of rate cuts by the Federal Reserve, and COMEX gold remained strong, currently above $2,370 per ounce. The market is waiting for non-farm data to provide clearer guidance.
In terms of net outflows, 158 stocks saw a net outflow of main funds exceeding 100 million yuan this week, with Dongfang Finance and Linyi Zhizao seeing a net outflow of over 1 billion yuan. In terms of concepts, main funds fled the new energy vehicle and household appliance leaders, with BYD and Silesius seeing a net outflow of over 600 million yuan; Gree Electric Appliances and Midea Group saw a net outflow of over 300 million yuan. Kangmei Pharmaceutical, which successfully “removed its hat,” saw a net outflow of 488 million yuan, with its stock price rising by 10.82%.
Disclaimer: All information provided by Data Treasure does not constitute investment advice. The stock market carries risks, and investments should be made with caution.
Editor: Xie Yilan