Market Upheaval Nearly 230000 Forced Liquidations as Institutional Investors Increase Positions in Gold and Photovoltaic Modules

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Nearly 230,000 people were liquidated due to the significant fluctuation in Bitcoin prices.
Bitcoin prices have dropped again. According to data from the global coin price website CoinGlass, as of 4 p.m. on July 5, the latest price of Bitcoin fell to $54,387.8 per coin, a decrease of over 6.5% compared to $58,200.1 per coin yesterday.
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, worth $18.4832 million.
Analysts said that the recent plunge in virtual currencies may be related to geopolitical elections and supply. Operators of the computers that support the Bitcoin blockchain are still suffering from the financial impact brought about by the so-called halving in April, which has limited their acquisition of new tokens through work. 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 three consecutive days
On July 5, the Shanghai Composite Index fell by 0.26%, the Shenzhen Component Index rose by 0.25%, and the ChiNext Index rose by 0.51%. More stocks rose than 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 three consecutive trading days. The net outflow of northbound funds was 3.966 billion yuan.
On the market, the precious metals and innovative drugs sectors rose in the afternoon, with multiple stocks such as *ST Ji Yao, Xian Chu Pharmaceutical, Luo Xin Pharmaceutical, and Hua Hai Pharmaceutical hitting the daily limit up; the financial and tax digitization concept was strong throughout the day, with stocks such as Tianji Technology, Tian Yima, and Tiandi Online hitting the limit up. The previously strong banking, humanoid robot, and PCB concepts had the largest declines.
Guosheng Securities believes that the low trading volume in the two markets indicates that the market’s panic sentiment is not significant, and the shrinking adjustment of the index also indicates that the selling pressure in the market is continuing to decrease. The probability of the Shanghai Composite Index reaching a short-term low point has increased, and the turning point market in July can still be expected.
Main funds increased their positions in the gold and optoelectronics tracks this week
This week, the A-share market saw a net outflow of main funds of 59.343 billion yuan. In the Shenwan industry, main funds fled the electronics sector significantly, with a net outflow of 10.997 billion yuan; the power equipment industry ranked second, with a net outflow of 5.237 billion yuan; main funds flowed out of the computer, pharmaceutical and biological, and mechanical equipment industries by more than 4 billion yuan.
Only the trade and retail and coal industries received a net inflow of main funds this week, amounting to 155 million yuan and 2.4569 million yuan, respectively.
In terms of individual stock fund flows, 33 stocks saw a net inflow of main funds exceeding 100 million yuan. Among them, Xin Yi Sheng and Zijin Mining had the highest net inflows of main funds, both exceeding 600 million yuan. Xin Yi Sheng, Tianfu Communication, and other optoelectronic stocks received main funds’ aggressive investments. Xin Yi Sheng previously stated on its interactive platform that the company’s 800** products have been shipped in batches, and it is expected that the shipment volume will continue to increase in the coming quarters of this year. Zhongji Xuchuang had a net buy-in amount of 342 million yuan on July 4.
Today, the precious metal index surged, with the stock price of Zhongjin Gold hitting a historical high, and the main net inflows of stocks such as Yintai Gold, Zhongjin Gold, and Chifeng Gold exceeded 1 billion yuan this week. On the news front, the U.S. economic data fell short of expectations, boosting expectations of a Fed rate cut, and COMEX gold prices remained firm, 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 1 billion yuan this week, with Dongfang Fortune and Lingyi Smart Manufacturing seeing a net outflow of over 1 billion yuan. In terms of concepts, main funds fled new energy vehicles and household appliance leaders, with main funds flowing out of BYD and Siles exceeding 600 million yuan; main funds flowed out of Gree Electric Appliances and Midea Group by more than 3 billion yuan. Kangmei Pharmaceutical, which successfully “removed its hat,” saw a net outflow of main funds of 488 million yuan, and its stock price rose by 10.82%.
Disclaimer: All information provided by Data Treasure does not constitute investment advice, the stock market has risks, and investment needs to be cautious.
Editor: Xie Yilan
Proofreader: Wang Chaoquan
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