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Golden Ten Data reported on March 4 that Magdalene Teo, Fixed Income Analyst at Bank Julius Baer Switzerland, stated that the risk premium measured by credit default swap (CDS) spreads has widened due to increased uncertainty regarding the direction and duration of the Middle East conflict. CDS spreads in Asia are rising, as prolonged disruptions to global shipping routes could exacerbate issues such as inflation and lead to tighter financial conditions. Teo said: "The combination of rising oil prices and a stronger dollar is not an ideal situation for many Asian economies."

On March 4, Coinbob data showed that Nvidia's price has been fluctuating around $180 recently, after plunging from $200 on February 26. Last night at 23:00 (UTC+8), the largest long address for Nvidia on the Hyperliquid platform, 0xRay518, closed its position at an average price of $178 to stop the loss, incurring a loss of about $1.005 million. Previously, the position size reached $16.5 million, with an average price of $190. On the same day, this address's Micron Technology isolated margin long position was also fully liquidated, resulting in a loss of about $90,000. Meanwhile, the largest short address for Nvidia, Cbb0fe, closed all $10.5 million short positions within the past two days at an average price of about $190. After closing the positions, Cbb0fe shifted to other assets and now holds about $14 million in precious metals long positions, while shorting crude oil, Micron Technology, and SanDisk with a scale of about $10 million.

Golden Ten Data, March 4 — According to Reuters, industry sources and ship tracking data show that an oil tanker crossed the Strait of Hormuz on Tuesday, heading to a UAE port to load crude oil. This is a rare voyage since the Middle East conflict disrupted regional shipping. LSEG data indicates that the Suezmax tanker Pola turned off its AIS (Automatic Identification System) tracking signal when approaching the Strait of Hormuz on the evening of March 2, and reappeared near Abu Dhabi on March 3. Two trade sources said the vessel is heading to Jebel Dhanna port to load Abu Dhabi's Murban crude, with Thailand as its destination. Ship tracking agency Vortexa shows that only four crude oil tankers crossed the Strait of Hormuz on March 1, while the daily average since January has been about 24 vessels.