Bitget UEX Daily Report | Trump to lead 16 business leaders to visit China; fragile ceasefire in the Middle East; oil prices rebound driven by geopolitics (May 13, 2026)

# 1. Hot News

Federal Reserve Dynamics

No new policy signals from the Federal Reserve, market focuses on inflation path

• Recently, no new interest rate decisions or statements have been released, with attention shifting to the upcoming April CPI data;
• Institutions like Morgan Stanley expect the data to be "more explosive," and inflation pressures may affect interest rate cut expectations;
• Market impact: Uncertainty in the interest rate path continues to support fluctuations in the dollar and precious metals, while risk assets face short-term pressure.

International Commodities

Middle East tensions drive up oil prices

• Trump states that the US-Iran ceasefire agreement is on "life support," and Iran rejects the latest proposal;
• WTI crude oil rises more than 3-4% during the day, with Brent also moving higher;
• Market impact: Rising energy prices exacerbate inflation concerns while boosting the energy sector, but may suppress global economic growth expectations.

Macroeconomic Policy

Trump leads 16 business leaders to visit China, SpaceX and Google rumored to be negotiating orbital data cooperation

• 16 US business leaders will accompany Trump on his visit to China, interpreted by the market as a signal of easing US-China trade tensions;
• Reports also indicate that SpaceX is in talks with Google regarding cooperation on orbital data;
• Market impact: Expectations of high-level interactions between the US and China boost risk appetite, with technology and export-related sectors likely to see short-term benefits.

# 2. Market Review

Commodity & Forex Performance

• Spot Gold: +0.02%, reported at $4,700/ounce.
• Spot Silver: +0.72%, reported at $87/ounce.
• WTI Crude Oil: -0.85%, reported at $97/barrel.
• Brent Crude Oil: -0.89%, reported at $107/barrel.
• Dollar Index: Slight fluctuations to 98.31, overall stable, reflecting a wait-and-see sentiment ahead of inflation data.

Cryptocurrency Performance

• BTC: -1.16%, current price around $80,700, facing pressure at the $80,000 threshold after short-term fluctuations.
• ETH: -2.26%, current price around $2,288.
• Total Cryptocurrency Market Cap: Approximately $2.77 trillion, -1.2%.
• Market Liquidation Situation: Total liquidation in 24H is $278 million, with long positions liquidated at $230 million.
• Bitget BTC/USDT Liquidation Map: BTC's current price is around 80,690, with a large number of high-leverage short liquidation points clustered in the 81,200–82,600 range above. If it continues to rise, it may trigger a series of short squeezes and amplify upward volatility. Below, the 79,300–79,800 range has a dense long liquidation area; if it breaks below, a rapid long squeeze and pullback may occur.

• Spot ETF Net Inflow/Outflow: BTC spot ETF saw a net outflow of about $115 million yesterday (May 11), while ETH spot ETF had a net outflow of $40 million during the same period.
• BTC Inflow/Outflow: BTC spot saw a net outflow of $119 million yesterday, with contract net outflow at $1.597 billion.

US Stock Index Performance

• Dow Jones: Slight increase of 0.11%, closing at 49,760.56 points, with a relatively stable trend.
• S&P 500: Decreased by 0.16%, closing at 7,400.96 points, under pressure from inflation data expectations during narrow fluctuations.
• Nasdaq: Decreased by 0.71%, closing at 26,088.20 points, with significant drag from the technology sector.

Tech Giants Dynamics

• Apple (AAPL): Up 0.72%, reported at $294.80.
• Microsoft (MSFT): Down 1.18%, reported at $407.77.
• NVIDIA (NVDA): Up 0.61%, reported at $220.78.
• Amazon (AMZN): Down 1.18%, reported at $265.82.
• Alphabet (GOOGL): Down 0.33%, reported at $387.35.
• Meta (META): Up 0.69%, reported at $603.00.
• Tesla (TSLA): Down 2.60%, reported at $433.45.

Core reasons: Expectations of high-level interactions between the US and China intertwine with geopolitical risks in the Middle East, leading to significant divergence in tech stock performance. The AI theme provides structural support, while some individual stocks are dragged down by overall adjustments.

Core reasons: Expectations of high-level interactions between the US and China intertwine with geopolitical risks in the Middle East, leading to overall pressure on tech stocks, but some benefit from trade easing rumors, with significant divergence in AI and electric vehicle themes.

Sector Movement Observation

Energy Sector rises over 3%

• Representative Stocks: Energy giants like Exxon Mobil (XOM), Chevron (CVX), and ConocoPhillips (COP) generally perform strongly, with oil service and drilling stocks showing outstanding performance.
• Driving Factors: The Middle East ceasefire agreement remains fragile, and tensions related to Iran drive up oil prices (WTI rose over 3% at one point). The energy sector directly benefits from geopolitical premiums, with short-term inflation expectations further supporting sector enthusiasm.

Chinese Concept Stocks show significant movement

• Representative Stocks: Some Chinese concept stocks like Boeing (BA), NVIDIA (NVDA), and Apple (AAPL) related supply chain stocks are active, with some Chinese tech and consumer concept stocks rebounding.
• Driving Factors: Trump's delegation visit to China is interpreted by the market as a potential signal of easing US-China trade relations, combined with business leaders accompanying him, boosting market expectations for exports, tech cooperation, and supply chain stability.

# 3. In-Depth Analysis of US Stocks

1. Tesla (TSLA) - Today’s significant pullback of 2.60%

Event Overview: TSLA's stock price fell 2.60% today, reported at $433.45, still affected by overall tech sector adjustments and geopolitical risks in the Middle East against the backdrop of expectations for high-level US-China interactions. The pace of electric vehicle deliveries and progress in autonomous driving have become market focal points.

Market Interpretation: Institutions generally believe that short-term fluctuations are normal digestion. In the long term, the increase in market penetration in China and potential supply chain benefits from Trump's visit to China will support Tesla's global layout.

Investment Insight: The pullback provides a strategic allocation opportunity, with a focus on the tangible impact of US-China trade easing on the Shanghai factory and exports.

2. NVIDIA (NVDA) - Slight increase of 0.61% maintaining strength

Event Overview: NVDA's stock price rose 0.61% today, reported at $220.78, with strong ongoing demand for AI chips, but geopolitical risks and inflation data expectations exert some pressure, resulting in narrow fluctuations during the day.

Market Interpretation: Wall Street analysts point out that the AI capital expenditure cycle has not yet peaked, and NVIDIA's long-term growth logic as a core supplier remains solid, with short-term adjustments not changing institutional optimism.

Investment Insight: The AI theme remains the main line of the market; it is recommended to pay attention to increasing positions at key support levels, as valuations have returned to reasonable ranges.

3. Meta Platforms (META) - Strong increase of 0.69%

Event Overview: META's stock price rose 0.69% today, reported at $603.00, with resilience in advertising business and expectations for AI applications driving the stock to outperform the market, highlighting the divergence among tech giants.

Market Interpretation: Institutions emphasize that Meta's investments in social and metaverse areas are entering a harvest period, with profitability exceeding expectations becoming an important catalyst for stock prices.

Investment Insight: Defensive growth attributes are prominent, suitable as a core holding in the tech sector amid market volatility.

4. Apple (AAPL) - Up 0.72% showing stable performance

Event Overview: AAPL's stock price rose 0.72% today, reported at $294.80, following a strong market trend, with iPhone sales and AI service business providing support, while expectations for US-China interactions further boost supply chain confidence.

Market Interpretation: Analysts believe that Apple has completed key positioning in its AI ecosystem layout, and the high-margin characteristics of its service business will buffer hardware cycle fluctuations.

Investment Insight: Strong defensive attributes make it suitable as a ballast in a tech portfolio amid uncertainty.

5. Amazon (AMZN) - Down 1.18% slight adjustment

Event Overview: AMZN's stock price fell 1.18% today, reported at $265.82, influenced by overall market wait-and-see sentiment. The fundamentals of cloud computing and e-commerce businesses remain robust, but short-term inflation data expectations suppress valuation expansion.

Market Interpretation: Institutions remain optimistic, viewing AWS growth momentum and AI infrastructure demand as long-term core drivers, with the current adjustment seen as healthy digestion.

Investment Insight: Pay attention to AWS quarterly guidance; after the pullback, consider phased positioning, as the long-term compound growth outlook remains unchanged.

# 4. Cryptocurrency Project Dynamics

1. Wintermute: Bitcoin's upward momentum is weak under soft spot demand, potentially facing a reversal in the short term. The report indicates that Bitcoin's breakthrough above $80,000 is primarily driven by short squeezes in the perpetual futures market rather than spot demand. Over the past month, Bitcoin futures open interest increased by about $10 billion to $58 billion, while spot trading volume dropped to a two-year low. When Bitcoin broke above $70,000, a large number of shorts were forcibly liquidated, triggering a buying spree that pushed prices higher.

2. Despite Coinbase's lackluster Q1 earnings report, Benchmark reiterated its buy rating on the stock and raised the target price from $260 to $270. Benchmark analysts believe that Coinbase is transitioning from a market-dependent cryptocurrency exchange to a core infrastructure provider for the "on-chain economy," with its strategy increasingly focused on trust, custody, liquidity, and compliance.

3. According to The Block, Bitcoin's market share has rebounded from a low of 55% to about 58.5%. This metric historically serves as a barometer for capital rotation within the cryptocurrency market: an increase in market share typically accompanies a consolidation phase where Bitcoin outperforms altcoins, while a decrease often signals the arrival of altcoin season.

4. According to documents submitted on Tuesday, JPMorgan is launching its second tokenized money market fund aimed at meeting reserve asset requirements for stablecoin issuers under the GENIUS Act. The fund, named OnChain Liquidity-Token Money Market Fund, code JLTXX, will be tokenized on the Ethereum blockchain and invest in US Treasury bonds and overnight repurchase agreements secured by Treasury bonds or cash.

5. Bloomberg ETF analyst James Seyffart stated that 21Shares' Hyperliquid ETF achieved a trading volume of $1.8 million on its first trading day, which is a "very robust" debut performance, outperforming typical ETF launches, though not exceptionally surprising.

6. TON Strategy reported a net loss of about $91 million in Q1, with the fair value of Toncoin significantly declining. The company held approximately 221.9 million Toncoin ($TON) in Q1 2026, of which about 221.2 million were staked, accounting for approximately 4.29% of the total Toncoin supply and about 26.18% of the network's staked amount, with a fair value of about $272 million at the end of the period.

# 5. Today's Market Calendar

Data Release Schedule

|-------|----|---------|------| | 20:30 | US | April CPI Data | ⭐⭐⭐⭐ |

Important Event Forecast

May 13 (Wednesday)

1. US April PPI data to be released at 20:30 (UTC+8);
2. US stock Alibaba (BABA) to release earnings report before market opens; Nebius and Cisco (CSCO) to release Q1 earnings report after market closes.

May 14 (Thursday)

1. Trump may visit China from May 14-15; the US government invites CEOs from NVIDIA, Apple, ExxonMobil, Boeing, etc. to accompany him; ★★★★★
2. US stock Applied Materials (AMAT) to release earnings report after market closes; Cerebras Systems expected to list on Nasdaq;

May 15 (Friday)

1. Powell's term as Federal Reserve Chairman officially ends, with Waller expected to take over;
2. Deadline for institutional 13F filings, with Berkshire, Duan Yongping, and others to disclose their latest US stock holdings.

*This week, the core themes in the US stock market revolve around Powell's term ending and Waller's succession, US CPI/PPI data, Trump's potential visit to China, and earnings reports from Circle, Oklo, AMAT, etc., with expected increased market volatility.

Institutional Views:

Well-known investment bank analysts generally believe that the current market is in a dual game period of US-China diplomacy and Middle Eastern geopolitical risks. Trump's delegation visit to China is seen as a potential signal for trade easing, likely boosting risk assets and the tech sector. However, if April CPI data exceeds expectations, it will reinforce the necessity for the Federal Reserve to maintain high interest rates, thereby suppressing valuation expansion. Oil prices are rising due to the fragility of the ceasefire, further pushing up inflation expectations, while gold and silver as safe-haven assets continue to receive support. The cryptocurrency market remains resilient amid ongoing ETF inflows, but caution is needed regarding liquidation risks. Overall, short-term volatility is expected to increase, and investors are advised to pay attention to data releases and diplomatic developments, balancing defensive (precious metals, energy) and growth (AI, technology) sectors in their allocations while waiting for clearer catalysts.

Disclaimer: The above content is organized by AI search, with human verification for publication, and should not be considered as any investment advice. Data in the text may inevitably contain discrepancies; please refer to real-time market data.