Liquidity

Analysis of the October 11 Black Swan Event: A Comprehensive Review of the “Pinning Night” in the Crypto Market

by

Charts appeared as if pierced by a needle. On the night of October 11, a piece of macroeconomic bad news triggered a massive reaction across the entire crypto market. Prices plummeted, systems lagged, algorithms froze, and altcoins collapsed—all occurring almost simultaneously. It was dubbed “Pinning Night” because the market curve resembled an electrocardiogram pierced by … Read more

The First Report Card of Semiconductors

by

1. Liquidity has surged again, with trading volume reaching nearly 5 trillion to almost 26 trillion. This is mainly due to popular holiday stocks, with semiconductors and AI attracting significant investment, along with nuclear fusion, gold, and lithium batteries all showing strong performance. However, sectors outside of these core areas are lacking excitement; those not … Read more

Analysis of Option Models in Liquidity Discount Application

by
Analysis of Option Models in Liquidity Discount Application

In September 2017, the China Asset Appraisal Association revised and issued new appraisal standards in accordance with the spirit and requirements of appraisal methods. Among them, Article 32 of the “Asset Appraisal Practice Standards – Enterprise Value” explicitly states that “where feasible, the differences in control and liquidity between the appraisal object and transaction cases, … Read more