Mag 7 Are Selling.
Meta is down 0.03 percent at 671.18. Apple has shed 2.27 percent to 266.87. METAon
Google is off 1.43 percent at 332.40. Nvidia is down 0.92 percent at 200.36.GOOGLon
Circul is the outlier to the downside with a 10.13 percent decline.
Amazon is the lone green print, up 0.76 percent at 250.20.
This matters for crypto because correlation is not zero. When the largest market cap equities bleed, risk appetite contracts.
Capital does not flow into altcoins when the S&P and Nasdaq are under pressure.... It flows to cash or rotates defensively.
Bitcoin is down 1.43 percent on the session, trading near 75,100. This is not a coincidence. It is beta.
The Mag 7 represent the core of institutional liquidity. When they sell off, margin calls cascade, portfolio rebalancing accelerates, and the bid for speculative assets thins.
Is this a garden-variety equity pullback that crypto shakes off, or the early signal of a broader de-risking that drags BTC below 74,000.
#Mag7 #Equities #BTC