The AI story is winding down, and chips are taking the hit first.
CoreWeave fell 12% in a single day, bond yields hit 15%, the Philadelphia Semiconductor Index logged its longest losing streak since 2008 with eight straight down days, the VIX broke above 22, and oil is still hovering above $110. Building data centers on high-yield debt is starting to look more and more like borrowing to pay off old loans.
Risk assets are being cut across the board, tumbling along with US stocks, while high-volatility altcoins are falling even faster. Market makers are taking advantage of macro jitters to flush out leveraged longs. In the short term, watch whether a rebound can recover the previous big red candle. If it can’t, it’s a fake bounce, and the slow grind down will continue.
For those of you holding long positions, what’s your entry price? Are you planning to tough it out, or wait for a sharp wick down before buying more?
$BTC $ETH $SOL
CoreWeave fell 12% in a single day, bond yields hit 15%, the Philadelphia Semiconductor Index logged its longest losing streak since 2008 with eight straight down days, the VIX broke above 22, and oil is still hovering above $110. Building data centers on high-yield debt is starting to look more and more like borrowing to pay off old loans.
Risk assets are being cut across the board, tumbling along with US stocks, while high-volatility altcoins are falling even faster. Market makers are taking advantage of macro jitters to flush out leveraged longs. In the short term, watch whether a rebound can recover the previous big red candle. If it can’t, it’s a fake bounce, and the slow grind down will continue.
For those of you holding long positions, what’s your entry price? Are you planning to tough it out, or wait for a sharp wick down before buying more?
$BTC $ETH $SOL