South Korean stocks plunged nearly 4% in a day, while BTC held above $81K—is it showing resilience, or will it eventually catch up with the sell-off? 🤔
📉 The KOSPI fell 3.73% today to 5,552, down about 21% cumulatively since October 6. AI data center company Elice plunged about 30% on its first day of trading (Yonhap/CoinDesk).
🏦 Goldman Sachs says its risk appetite indicator turned negative for the first time since April, falling to its lowest level since the early days of the Iran war.
🇺🇸 The 10-year U.S. Treasury yield is around 5.14%, with investors buying long-dated bonds as a safe haven.
₿ By contrast, crypto is holding up: BTC at about $81,471, down 1.0% over 24 hours; ETH at $2,384, down 1.6%; SOL at $104; BNB at $728 (CoinGecko). The Fear & Greed Index is at 55, still in greed territory.
My take:
1️⃣ Crypto hasn't crashed along with stocks this time, suggesting there's genuine buying support below $80K (IBIT also saw significant inflows on Monday).
2️⃣ But if the AI stock sell-off continues, valuation cuts in U.S. stocks could drag down risk assets. The index's reading of 55, or “greed,” looks a little fragile.
3️⃣ Key levels: $80K is the line between bulls and bears. Hold it, and $83K is in sight; lose it, and $79K is the next level to watch.
Do you think BTC is a “new safe haven,” or is its catch-up drop as a risk asset still to come? Share your thoughts in the comments 👇
$BTC $ETH #加密市场 #AI泡沫 #Macro
These are my personal views only and do not constitute investment advice.
📉 The KOSPI fell 3.73% today to 5,552, down about 21% cumulatively since October 6. AI data center company Elice plunged about 30% on its first day of trading (Yonhap/CoinDesk).
🏦 Goldman Sachs says its risk appetite indicator turned negative for the first time since April, falling to its lowest level since the early days of the Iran war.
🇺🇸 The 10-year U.S. Treasury yield is around 5.14%, with investors buying long-dated bonds as a safe haven.
₿ By contrast, crypto is holding up: BTC at about $81,471, down 1.0% over 24 hours; ETH at $2,384, down 1.6%; SOL at $104; BNB at $728 (CoinGecko). The Fear & Greed Index is at 55, still in greed territory.
My take:
1️⃣ Crypto hasn't crashed along with stocks this time, suggesting there's genuine buying support below $80K (IBIT also saw significant inflows on Monday).
2️⃣ But if the AI stock sell-off continues, valuation cuts in U.S. stocks could drag down risk assets. The index's reading of 55, or “greed,” looks a little fragile.
3️⃣ Key levels: $80K is the line between bulls and bears. Hold it, and $83K is in sight; lose it, and $79K is the next level to watch.
Do you think BTC is a “new safe haven,” or is its catch-up drop as a risk asset still to come? Share your thoughts in the comments 👇
$BTC $ETH #加密市场 #AI泡沫 #Macro
These are my personal views only and do not constitute investment advice.