We're tracking the bearish cycle closely, $43K in 20 days
$77K→ confirmed rejection $61K→ acceptance, downtrend resumes $47K→ next major flush $55K→ relief bounce, traps long positions again $151K→ the real move, by January
$SIREN has plummeted by -90% over the last 5 days.
- It wiped out $760 million in market cap - Liquidated $2.4 million in long positions - After the largest holder sold $7.5 million worth of tokens - The sell-off keeps gaining momentum - They still hold 595 million SIREN tokens (82% of the total circulating supply)
Earlier, SIREN had surged 200% in 10 days, adding over $600 million to its market cap.
⚠️AI spending is hitting levels close to the dot-com bubble:
Hyperscalers are on track to allocate about 98% of their entire operating cash flow to CapEx by 2026, according to Goldman Sachs.
This compares to around 95% for the entire TMT sector of the S&P 500 at the peak of the dot-com bubble.
Moreover, CapEx spending by major tech firms is expected to reach about $920 billion by 2027.
Goldman's bullish scenario even projects up to $1.4 trillion, representing a growth of up to +89% compared to average projected levels for 2026.
Meanwhile, companies using AI tools are increasingly questioning the ROI on AI, with the price wars between tokens like OpenAI and Anthropic signaling that AI models may not generate enough revenue to justify the scale of spending commitments.
Elon Musk rolled into the U.S. broke and graduated with over 100 000 $ in debt, despite snagging scholarships and juggling two jobs during his studies.