HSBC Takes Control in Hong Kong — China AI Boom + Bitcoin Cycle Forecasts

In today’s livestream, we’re connecting three major stories shaping global markets — HSBC’s plan to privatize Hang Seng Bank, China’s accelerating AI chip development, and Bitcoin’s latest on-chain data trends. HSBC’s HK$290 billion buyout proposal to take Hang Seng private marks the biggest banking move in Hong Kong’s history, signaling how traditional finance (TradFi) is consolidating amid rising property risks and capital flight concerns. At the same time, China’s tech ecosystem is entering a new phase of independence: after banning Nvidia’s AI chips, local giants like Huawei and Cambricon are pushing ahead with homegrown processors that already rival Nvidia’s H20 and A100. Together, these moves highlight a major macro shift — Asia doubling down on self-reliance across both banking and AI infrastructure.

On the crypto side, Bitcoin’s Short-Term Holder MVRV Z-Score and Net Realized Profit/Loss (NPL) metrics are flashing signs of a healthy, conviction-driven market. The data shows that short-term holders are sitting just above neutral profitability levels — nowhere near the euphoric peaks seen at previous cycle tops — while profit-taking remains measured and controlled. In simple terms: investors are confident, not euphoric. We’ll break down what these signals mean for Bitcoin’s next move, how Asia’s financial pivot could influence liquidity and sentiment, and why the intersection of TradFi, AI, and crypto may define the next phase of the global market cycle.