# Сопутствующие статьи по теме Supply

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Supply", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

The First Year of Computing Power Inflation: The Cheaper DeepSeek Gets, the Harder It Is to Stop This Round of Price Hikes

The year 2026 marks the beginning of "computing power inflation." While AI inference costs have dropped by over 80% in 18 months globally, China's three major cloud providers—Alibaba Cloud, Baidu AI Cloud, and Tencent Cloud—simultaneously announced price hikes of 20–30%. This reflects a deeper structural shift driven by Jevons Paradox: as unit costs fall (e.g., via models like DeepSeek-R1), demand explodes, especially with the rise of reasoning models and AI agents that consume 10–50x more tokens per task. Although DeepSeek open-sourced its model weights, it did not release its inference optimization stack, leaving a significant engineering efficiency gap between cloud providers and smaller players. The big three are leveraging this advantage to reposition: Alibaba focuses on high-margin premium clients, Baidu filters out low-value users, and Tencent capitalizes on ecosystem lock-in. Meanwhile, ByteDance’s Volcano Engine adopts a more moderate pricing strategy to capture displaced customers. Unexpectedly, the price surge is pushing large enterprises toward self-built computing solutions once their cloud bills exceed a certain threshold. While cloud providers aim to boost profitability, they risk driving away innovative startups and accelerating competition from GPU leasing and domestic hardware providers like Huawei. The涨价 trend is expected to persist for 2–3 years, fueled by rising token consumption from reasoning models, AI agent adoption, and NVIDIA export restrictions. The inflection point depends on whether domestic chips can match NVIDIA’s efficiency, likely around 2027–2028. Until then, cloud providers will maintain pricing power, and the key for AI companies is to optimize token usage—the real moat in this era.

marsbit04/17 01:16

The First Year of Computing Power Inflation: The Cheaper DeepSeek Gets, the Harder It Is to Stop This Round of Price Hikes

marsbit04/17 01:16

Bank of Korea Interprets the AI Semiconductor Cycle: The Most Dangerous Signal Lies in Financing

The Bank of Korea (BoK) released a report examining the sustainability of the current AI-driven semiconductor supercycle, concluding that the expansion is likely to continue until at least the first half of 2026. The report highlights three key differences from past cycles: unprecedented demand growth (driven by HBM and AI accelerators), severely constrained supply (due to complex HBM production and conservative industry expansion), and a significantly larger and longer supply-demand gap. Five critical factors will determine the cycle's longevity: 1. The profitability of AI investments, as market focus shifts from market share capture to earnings. 2. The ability of major tech firms to secure financing, with internal cash flows already insufficient to cover massive CAPEX, leading to increased corporate debt issuance and risky vendor financing structures reminiscent of the telecom bubble. 3. Uncertain impact of AI model efficiency improvements, which could either reduce per-unit demand or increase total consumption. 4. Expansion speed of major memory manufacturers, with significant new capacity from SK Hynix, Micron, and Samsung only expected from late 2027. 5. Ramping production from Chinese manufacturers, whose DRAM market share is projected to grow rapidly, pressuring prices. The report warns that financing fragility—evidenced by rising CDS spreads, off-balance-sheet SPV financing, and redemption halts in private credit funds—is the most critical risk. While the cycle remains robust through 2026, pressures are expected to build in 2027, with a heightened risk of overcapacity by 2028.

marsbit04/13 08:51

Bank of Korea Interprets the AI Semiconductor Cycle: The Most Dangerous Signal Lies in Financing

marsbit04/13 08:51

Weekly Token Unlocks: STRK Unlock Amount Reaches 4.2% of Circulating Supply

This week's major token unlocks feature significant releases from two leading Ethereum Layer 2 scaling solutions, Starknet and ZKsync. Starknet will unlock 130 million STRK tokens, valued at approximately $4.35 million. This amount represents about 4.2% of its circulating supply. Developed by StarkWare, Starknet utilizes zk-STARK technology to enable faster and cheaper transactions on Ethereum by verifying computations without requiring every network node to validate each operation. Concurrently, ZKsync is set to unlock 170 million ZK tokens, with an estimated value of $2.72 million. Developed by Matter Labs, zkSync is a Layer 2 scaling solution that uses zero-knowledge proofs to enhance throughput while maintaining the security properties of the underlying Ethereum blockchain. All user funds are held by smart contracts on the main chain. Both projects have provided detailed token release schedules outlining their respective unlock curves.

marsbit04/11 13:50

Weekly Token Unlocks: STRK Unlock Amount Reaches 4.2% of Circulating Supply

marsbit04/11 13:50

Bitcoin Supply In Profit Drops Sharply, Echoing Previous Bear Market Levels, Downtrend To Continue?

Bitcoin's price has failed to recover significantly since its all-time high, reinforcing bearish sentiment. The supply of BTC in profit has sharply declined to around 59%, nearing levels last seen during the previous bear market. This indicates that nearly half of all Bitcoin is held at a loss, well below the historical average of 75%. Analysts suggest that if the profit supply drops to 50%, it could signal a market bottom, though current conditions point to a potential accumulation phase rather than mass selling. Additionally, the MVRV Z-Score has not yet entered the bottoming zone, suggesting the bear market may continue for another six months, with another major price drop likely.

bitcoinist04/11 02:03

Bitcoin Supply In Profit Drops Sharply, Echoing Previous Bear Market Levels, Downtrend To Continue?

bitcoinist04/11 02:03

Ethereum Attracts Non-Stop Buying From Public Companies – Here Are The Numbers

Ethereum has regained its price above $2,000 amid growing institutional interest, despite recent market volatility. Public companies have been accumulating ETH, purchasing approximately 7.4 million tokens over the past 12 months, representing 6.1% of its circulating supply. These holdings, which were near zero in May 2025, have surged to over 6.5 million ETH by April 2026, indicating strong long-term confidence. Additionally, Ethereum staking has reached a new all-time high, with 32% of the total supply locked in staking contracts—up from 16% in May 2021—further reducing available sell pressure and strengthening network security.

bitcoinist04/10 23:33

Ethereum Attracts Non-Stop Buying From Public Companies – Here Are The Numbers

bitcoinist04/10 23:33

GPUs Have No 'Price': Four Indices Clash, the Compute Market Is More Chaotic Than You Think

The GPU compute market lacks a clear price benchmark, with four major indices on Bloomberg Terminal showing significant divergence—differing by over $2 and moving inconsistently. This reveals a fragmented and inefficient market for AI compute power, particularly for H100 and B200 GPUs. While demand surges and supply constraints are real, pricing is highly opaque and varies by contract type, provider, and location. The absence of standardized contracts, reliable benchmarks, and liquid secondary markets leads to hoarding and informal subleasing. Key issues include inconsistent pricing methodologies, unstandardized agreements, quality assurance gaps, and no forward pricing mechanism. Without coordinated improvements in infrastructure and market design, establishing a true price for GPU compute remains impossible.

marsbit04/08 09:24

GPUs Have No 'Price': Four Indices Clash, the Compute Market Is More Chaotic Than You Think

marsbit04/08 09:24

XRP’s rise trapped by overhead supply – Can price regain strength?

XRP is currently trading near $1.30, facing persistent resistance due to significant overhead supply concentrated between $1.90 and $2.20. This selling pressure stems from short-term holders who entered during the 2024–2025 rally and now approach breakeven levels, prompting reactive selling. Daily realized losses have ranged between $20 million and $110 million, reflecting ongoing distribution rather than strategic repositioning. Approximately 56% of XRP’s supply remains underwater, with 69% held in wallets under one year old—36.9% of which are in the 6–12 month cohort. These holders are highly responsive to price movements, causing repeated stalling near the $1.43 realized price level. While demand at lower prices has prevented deeper declines, the market is undergoing a slow rotation where weaker hands exit and stronger accumulators gradually absorb supply. This dynamic extends XRP’s bottom formation process, capping near-term recovery but potentially building a more stable foundation over time.

ambcrypto04/07 10:05

XRP’s rise trapped by overhead supply – Can price regain strength?

ambcrypto04/07 10:05

Everyone Is Waiting for the War to End, But Does the Oil Price Suggest a Long-Term Conflict?

This article argues that the market views oil price volatility as a consequence of the ongoing conflict, but the real insight is understanding how the war itself is being priced through oil. With the Strait of Hormuz blocked, global crude supply is being restructured, with Asian buyers shifting to US oil, causing WTI to surpass Brent—a sign of structural changes in pricing and trade flows. While short-term price differences can be explained by contract timing, the deeper issue is a fundamental shift in who can supply oil. The market's key misjudgment is not on price, but on time. Futures curves still imply the conflict will end soon and supply will recover. However, the more likely path is a prolonged war of attrition. This means high oil prices are not a temporary shock but a new structural reality, with a range of $120-$150. In this framework, oil is no longer just a commodity but the "upstream variable" for all assets. Its repricing will ripple through interest rates, currencies, equity, and credit markets. The market has priced in the war's occurrence, but not its persistence. The analysis concludes that a prolonged conflict is the base case scenario, and any pullbacks in oil prices present an opportunity as the market has yet to fully price in a long-term disruption.

marsbit04/07 07:30

Everyone Is Waiting for the War to End, But Does the Oil Price Suggest a Long-Term Conflict?

marsbit04/07 07:30

How a $10B Ethereum bet puts BitMine in focus ahead of NYSE listing

BitMine is preparing for its NYSE listing with a significant $10.2 billion Ethereum (ETH) position, making up the majority of its $11.4 billion portfolio. This move is seen as a strategic bet on a potential ETH supply squeeze, driven by declining exchange reserves and a record 38.8 million ETH staked, reducing readily available supply. While ETH's price has shown modest gains with higher lows, technical indicators like RSI remain neutral and capital inflows are weak. Despite rising open interest and positive funding rates, there is a risk of market crowding. The company's heavy ETH allocation underscores its belief in Ethereum's long-term value amid shifting market dynamics.

ambcrypto04/07 05:02

How a $10B Ethereum bet puts BitMine in focus ahead of NYSE listing

ambcrypto04/07 05:02

Bitcoin nears $70K: Why BTC’s $5.95B demand gap signals trouble

Bitcoin is approaching the $70,000 mark again, but underlying demand conditions remain weak. The key metric, Apparent Demand, has dropped to -86,000 BTC (approximately $5.95 billion), indicating that newly issued supply is not being sufficiently absorbed. This negative trend often aligns with downward price pressure. Furthermore, long-term holders, who typically accumulate, are now distributing coins, as signaled by the Binary Coin Days Destroyed metric. In contrast, whales have increased their market presence and are driving the short-term rebound. However, their activity is often reactive and may not be enough to sustain a rally, especially given the fundamental weakness in demand and the recent significant losses recorded by large holders in Q1.

ambcrypto04/07 02:02

Bitcoin nears $70K: Why BTC’s $5.95B demand gap signals trouble