#After the US October CPI exceeded expectations, AI stocks and crypto trends diverged

About After the US October CPI exceeded expectations, AI stocks and crypto trends diverged

The U.S. Bureau of Labor Statistics announced that the October CPI rose 0.4% month-over-month, with the core CPI up 0.3%, both exceeding expectations. Coupled with hawkish remarks from Federal Reserve official Waller, BTC briefly fell below $74,000, with over 81,000 liquidations in 24 hours. BTC ETFs saw a net outflow of $1.28 billion last week. Meanwhile, U.S. tech stocks remained strong, with the Nasdaq closing up 2.74% the previous day. The community continues to discuss the ongoing divergence between AI stocks and crypto asset trends. One side believes that global risk budgets are shared and that selling pressure in U.S. stocks will eventually transmit to crypto, while the other side argues that the two operate under different logics: U.S. stocks are driven by earnings with slow accumulation, whereas crypto is still digesting capital outflows.