Xinhuo Group (01611.HK) reported its August operating metrics, with AUM surpassing $200 million, up 30% month-on-month, and trading volume exceeding $100 million for the second consecutive month, both record highs. The group's OTC business has expanded to become a major Hong Kong OTC platform, offering block trading, liquidity management, custody, and wallet services. Xinhuo Research Institute noted that the crypto market in August showed a 'down then up' pattern, indicating a trend reversal, confirming its earlier view of high cost-performance. Since mid-May, the institute has flagged improving risk-reward, reiterating at Bitcoin's $60,000 level in early July. On-chain whale buying, rising OTC volumes, and short squeezes are shifting market structure from panic selling to long-term accumulation.
Xinhuo Group (01611.HK) disclosed its August operating data, with assets under management (AUM) surpassing $200 million, a month-on-month increase of approximately 30%. Platform trading volume exceeded $100 million for the second consecutive month, both metrics hitting new monthly highs.
The group said its over-the-counter (OTC) trading business continues to expand, and it has now become one of Hong Kong's major OTC digital asset trading platforms. Its services include block trading, liquidity management, digital asset custody, and wallet infrastructure.
Xinhuo Research Institute analyzed that the crypto market in August showed a typical 'fall first, then rise' pattern, with clear signs of a trend reversal. The institute believes that August's market performance further confirmed its earlier assessment that the market was in a high cost-performance zone. Since mid-May, the institute has been signaling improving risk-reward ratios, reiterating the view on July 6 and July 13 when Bitcoin was trading around $60,000.
With on-chain whales increasing purchases, OTC trading volume rising significantly, and the recent concentrated short squeezes, the market structure is gradually shifting from panic selling to long-term accumulation.
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