AI selloff crushes risk appetite
The Nasdaq fell 2.15%, while the Philadelphia Semiconductor Index posted its eighth straight loss—its longest losing streak since 2008. CoreWeave dropped 12%, bond yields briefly topped 15%, and the VIX rose above 22 intraday as capital flowed out of the AI computing sector.
Crypto followed lower in the short term. For BTC, watch whether the previous low and the liquidation cluster below can hold; a break below could trigger an accelerated decline. The ETH/BTC exchange rate continues to weaken, while SOL’s higher beta means a deeper pullback. With market makers thinning out liquidity, the risk of sharp wicks has increased. Any rebound will have to wait for perpetual funding rates to turn positive and spot buyers to step in.
For those holding SOL, what’s your cost basis—and would you dare to buy more during this pullback?
$BTC $ETH $SOL
The Nasdaq fell 2.15%, while the Philadelphia Semiconductor Index posted its eighth straight loss—its longest losing streak since 2008. CoreWeave dropped 12%, bond yields briefly topped 15%, and the VIX rose above 22 intraday as capital flowed out of the AI computing sector.
Crypto followed lower in the short term. For BTC, watch whether the previous low and the liquidation cluster below can hold; a break below could trigger an accelerated decline. The ETH/BTC exchange rate continues to weaken, while SOL’s higher beta means a deeper pullback. With market makers thinning out liquidity, the risk of sharp wicks has increased. Any rebound will have to wait for perpetual funding rates to turn positive and spot buyers to step in.
For those holding SOL, what’s your cost basis—and would you dare to buy more during this pullback?
$BTC $ETH $SOL