BlockBeats News, August 6th. According to JPMorgan's preliminary assessment of long-short hedge funds in the technology, media, and telecommunications sector, tech stocks may be becoming more reliant on retail investors after experiencing a brutal sell-off in July, leading to increased volatility.JPMorgan strategists, including Nikolaos Panigirtzoglou, believe that data from Pivotal Path shows that such hedge funds lost more than 10% in July. This drawdown does not yet include the Situational Awareness fund, which was forced to sell most of its public stock portfolio last week after severe sell-offs in semiconductor and tech stocks.Panigirtzoglou suggests that this indicates that other tech-focused long-short hedge funds may have also faced forced liquidation in semiconductor and memory chip stocks.