A broad passive sell-off, not one broken sector — Nasdaq -5.1%, S&P -3%, $MU -17%, $SNDK -18%. When funds urgently need cash, the easiest assets to sell are the most liquid ones — that is why $BTC fell with stocks. The AI story didn't die (AMD beat, SMCI $19.9B in a quarter), but Iran war, oil, inflation and a changed Fed outlook moved the macro. $75,000 support, $77,770 then $80,000 resistance. Passive selling or real panic? Comment 👇 #Bitcoin #BTC #Crypto #Trending #OKXOrbit
無名先生
If you want to know why this round of sell-off is so fierce, save this first!
Nasdaq: -5.1%
S&P 500: -3%
$MU: -17%
$SNDK: -18%
This looks more like a broad-based passive sell-off rather than a problem in a single sector.
From financial stocks to AI infrastructure, almost all assets are falling.
Even high-quality companies like $MU, $AMZN, and $NVDA have been hit hard because when funds urgently need cash, the easiest assets to sell are often the most liquid ones.
But the fundamentals of AI have not disappeared because of this:
AMD’s earnings guidance exceeded market expectations.
SMCI’s single-quarter revenue reached $19.9 billion.
$MU and $SNDK reportedly have their production capacity booked for the next several years, with contracts including margin guarantees.
The real issue is the macro environment: the Iran war is pushing up oil prices, inflation is under renewed pressure, and market expectations for Federal Reserve policy have changed.
My view is: short-term charts may look bad, but that doesn’t mean the AI industry logic has ended.
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more
