ChainCatcher 消息，据 The Kobeissi Letter 分析，美国科技股两项关键指标创近期新低：美国科技股相对全球科技股的比率降至 1.6 点，为 18 个月最低；美股科技相对非科技板块的比率跌至 1.5 点，创 18 个月新低。 这两个指标的跌幅已超过 2022 年熊市时期，年初至今，纳斯达克 100 指数跌幅约为标普 500（剔除信息技术）的两倍。

ChainCatcher 消息，据 The Kobeissi Letter 分析，美国科技股两项关键指标创近期新低：美国科技股相对全球科技股的比率降至 1.6 点，为 18 个月最低；美股科技相对非科技板块的比率跌至 1.5 点，创 18 个月新低。这两个指标的跌幅已超过 2022 年熊市时期，年初至今，纳斯达克 100 指数跌幅约为标普 500（剔除信息技术）的两倍。<img src="https://static.fwimg.io/img/feed/7b96e5f5bbe9d422ee706dfcbe36a43a.jpg">

分析：美国科技股两项关键指标创近期新低，跌幅超 2022 年熊市时期

<ChainCatcher> According to The Kobeissi Letter's analysis, two key indicators for U.S. tech stocks have reached recent lows: the ratio of U.S. tech stocks relative to global tech stocks has dropped to 1.6 points, the lowest in 18 months; the ratio of tech stocks to non-tech sectors in the U.S. stock market has fallen to 1.5 points, also a new 18-month low. The decline in these two indicators has exceeded the levels during the 2022 bear market, and year-to-date, the Nasdaq 100 index has fallen approximately twice as much as the S&P 500 (excluding information technology).

According to ChainCatcher and The Kobeissi Letter's analysis, two key indicators for US tech stocks have reached recent lows: the ratio of US tech stocks to global tech stocks dropped to 1.6 points, the lowest in 18 months; the ratio of tech stocks to non-tech sectors in the US market fell to 1.5 points, also a new 18-month low.The decline in these two indicators has exceeded the bear market period of 2022. Year-to-date, the Nasdaq 100 index has fallen approximately twice as much as the S&P 500 (excluding information technology).<img src="https://static.fwimg.io/img/feed/7b96e5f5bbe9d422ee706dfcbe36a43a.jpg">

Analysis: Two key indicators of US technology stocks hit a recent low, with a drop exceeding the 2022 bear market

Introduction Market Overview In 2025, stablecoins and DAT expanded in both scale and application scenarios, beginning to directly connect with traditional finance at the boundary level. The total market capitalization of stablecoins once exceeded $230 billion, with an annual on-chain settlement scale of approximately $1.5 trillion. Supported by legislation such as the GENIUS Act, they gradually solidified as the underlying settlement layer for cross-border payments and on-chain finance. The DAT model, through compliant equity or fund vehicles, provided traditional institutional investors with a standardized path to access crypto asset exposure, with its holdings of BTC and ETH assets having a high market value...

2025 Coinglass Derivatives Report: Instead of the altcoin season, a $154.6 billion liquidation season arrived.

Author: Xiaobing, TechFlow TechFlow
Original title: Even Satoshi Nakamoto had to kowtow to the God of Wealth.
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Every year on the fifth day of the first lunar month, Xiaobing gets up very early to go to the Temple of the First God of Wealth in the World at Beigaofeng in Hangzhou.
I thought I was going to be squeezed in with all the aunties and uncles, but when I got there, I found that everyone kneeling in the smoke was someone I knew.
On the left is a well-known gossip KOL, on the right is someone from a gambling community, and there are a few others who are always talking nonsense...

Metaphysics Takes Over the Crypto: When Candlestick Charts Give Way to Bazi (Four Pillars of Destiny) and Feng Shui

What's Next for DeFi in 2026?

We've revealed the key trends to watch next year.

Last year, DL News attempted to predict three major DeFi trends for 2025.

We predicted that traditional finance would enter DeFi at an unprecedented pace, more protocols would launch their own blockchains, and fintech companies would massively integrate DeFi into their products.

Our predictions have proven quite accurate.

In 2025, we'll see banks issuing stablecoins, asset management firms allocating billions of dollars to DeFi lending protocols...