$MINIMAX ๐—ฝ๐—ฒ๐—ฟ๐—ฝ ๐—ถ๐˜€ ๐—ฑ๐—ผ๐˜„๐—ป ๐—ป๐—ฒ๐—ฎ๐—ฟ๐—น๐˜† ๐Ÿญ๐Ÿฑ% ๐—ฎ๐˜€ ๐—›๐—ผ๐—ป๐—ด ๐—ž๐—ผ๐—ป๐—ด'๐˜€ ๐—”๐—œ ๐˜€๐˜๐—ผ๐—ฐ๐—ธ๐˜€ ๐—ฐ๐—ฟ๐—ฎ๐—ฐ๐—ธ.

The slide began right at the Hong Kong open. MiniMax shares closed 13.7% lower, the worst AI name on the board, and Zhipu's Z.ai lost 7.6%.

The same day, Ray Dalio called AI a bubble near its breaking point, and the Hang Seng Tech index hit its lowest level since September 2024.

On Binance Futures the perp fell from about $30.4 to $25.8, while open interest rose to roughly $9M with funding negative. Shorts are leaning in.

Do you trade stock perps, or keep it crypto only?

NFA.
#TradFi #AI #BinanceFutures