Recently, this wave of plummeting has left everyone stunned, and everyone is looking for the reason. The reason is that Trump wants to implement hawkish policies.The job data is still too poor, and the real reason lies not externally, but within AI itself. To put it simply, AI is draining money from all over the world. Think about it, in the past, starting an internet business required just a few computers and a small team, which didn't cost much. Now, starting an AI business is like a money-burning machine, buying graphics cards, building data centers, and generating power. Where does this money come from? Even the landlords have no surplus, and big institutions like SoftBank and Saudi Arabia have long spent their cash. Now, if OpenAI goes to them for money, what can they do? They can only sell stocks and cryptocurrencies, creating a terrifying blood-sucking effect.So the current market logic is very cruel; funds are choosing between two options: either invest in those AI infrastructures that can make money immediately or hold onto those assets that rely on storytelling. Unfortunately, the cryptocurrency circle is now treated as that ATM.# Moreover, with the newly nominated Federal Reserve chairman feeling that there is too much money in the market, interest rates need to be raised and tightened.

So this is not a temporary correction. This is a depletion of liquidity. Until the money-sucking beast of AI is satisfied or the Federal Reserve opens the floodgates again, be cautious about catching falling knives with five millimeters of cash.