Last night, U.S. stocks and crypto markets both experienced a sharp sell-off.

The Nasdaq fell 5.52% in a single day, entering correction territory; the S&P 500 dropped 4.36%, and the Dow fell 3.44%. Chip and AI-related stocks were hit especially hard, and the market is starting to worry that the pace of AI infrastructure expansion could change.

BTC also briefly fell from above $80,800 to around $76,100, a drop of more than 5%. The sell-off in U.S. stocks, combined with liquidations of leveraged long positions, amplified short-term volatility.

What’s worth watching now isn’t just “how much it fell,” but whether the risk-off sentiment will spread from AI and chip stocks to more high-volatility assets. U.S. nonfarm payrolls data is also due tonight, and the market will use it to reassess employment and interest-rate expectations.

Do you think this is more like a short-term deleveraging event, or are risk appetites starting to shift?

#美股 #BTC #加密市场 #市场观察