$ETH
Last night, the financial markets experienced a sharp decline. Bitcoin was also affected, dropping nearly 2.3%. Ethereum was even more impacted, falling by 6%.
The underlying reason is the heightened concerns over the AI bubble, leading to a sell-off in tech stocks. The core issue is the lack of transparency regarding backlog orders at Broadcom, which caused a stock price plunge of 11%. A total of $200 billion in market value evaporated in a single day.
This led to a decline in the entire market, triggering a drop in global markets.
Last night, Brother Xing's short position was directly sold off. What a pity.
