Global Risk-Off Wave Hits Hard!
The global markets are currently navigating a significant "crisis of faith" as a tech-led sell-off ripples across borders. Bitcoin has plunged as much as 8%, slipping below the psychological $71,000 mark and even touching lows near $69,000.
Why is this happening?
• Tech Spillover: A sharp decline in U.S. tech shares, driven by concerns over AI spending and stretched valuations, has bled directly into Asian markets and crypto.
• Asian Markets Retreat: South Korea’s Kospi skidded nearly 4%, led by heavy losses in giants like Samsung Electronics (-5.9%) and chipmaker SK Hynix (-6.7%).
• Liquidity Squeeze: Thin liquidity is amplifying price moves, leading to a cascade of over $2.58 billion in long liquidations over the last 24 hours.
"History says buy the fear, but the charts say watch out. Is this a 'hidden gem' dip or a 'stay away' trap? Let’s talk strategy in the comments. 📉💬"
