8 月 11 日，花旗银行美国期权策略主管 Stuart Kaiser 表示，过去几周，该银行的衍生品交易部门开始发现，资管客户对作空 iShares 指数或垃圾债指标的产品需求大增。这可能说明宏观投资者对未来的方向有了某种看法，或者暗示他们正在对冲风险资产的上涨。人们对冲信用风险这一事实表明，他们认为未来三个月股市将出现合理的回调。(金十)

<div><p>8 月 11 日，花旗银行美国期权策略主管 Stuart Kaiser 表示，过去几周，该银行的衍生品交易部门开始发现，资管客户对作空 iShares 指数或垃圾债指标的产品需求大增。这可能说明宏观投资者对未来的方向有了某种看法，或者暗示他们正在对冲风险资产的上涨。人们对冲信用风险这一事实表明，他们认为未来三个月股市将出现合理的回调。(金十)</p></div>

花旗：债市情绪异动，未来三个月股市或将出现回调

On August 11, Citibank's US Options Strategy Head Stuart Kaiser stated that in the past few weeks, the bank's derivatives trading department has begun to notice a significant increase in demand from asset management clients for products that short iShares indices or junk bond indicators. This may suggest that macro investors have formed a certain view about the future direction or are hedging against the rise of risky assets. The fact that people are hedging credit risk indicates that they believe the stock market will experience a reasonable pullback in the next three months. (<AR>)

<div><p>On August 11, Citibank's US Options Strategy Head Stuart Kaiser stated that in the past few weeks, the bank's derivatives trading department has begun to notice a significant increase in demand from asset management clients for products that short iShares indices or junk bond indicators. This may indicate that macro investors have formed a certain view about the future direction, or suggest that they are hedging against the rise of risky assets. The fact that people are hedging credit risk suggests that they believe the stock market will experience a reasonable pullback in the next three months.</p></div>

Citigroup: Bond market sentiment fluctuates, and the stock market may experience a correction in the next three months

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

Ethereum price has struggled to regain momentum, hovering near the $3,000 level over recent sessions. This prolonged consolidation has weighed on sentiment and weakened short-term confidence among ETH...