Nasdaq-listed Intchains intraday decline of 11.76%, dropping from $1.02 to $0.90. The pressure test for crypto mining companies/chip stocks has begun. Let's see if they can hold the key psychological level by tonight's US stock market close. Short-term sentiment is somewhat bearish, but valuations have already fallen to historically low levels. The medium- to long-term deployment window may be opening. However, left-side traders should still control their positions carefully, as the macro liquidity turning point has not been confirmed yet. Patience and waiting for right-side signals is more prudent.