Suspected "1011 Insider Whale" Garrett Jin: The correlation between ETH and the Nasdaq 100 Index remains very high at present
According to Odaily, the suspected "1011 insider whale" Garrett Jin posted on X, stating that last week's sell-off in US stock market AI concept stocks may have been caused by an emotional misinterpretation by sell-side analysts of comments made by Broadcom's CEO. This week, the artificial intelligence sector has generally begun to rebound, including Oracle, which is still weighed down by debt issues. This trend usually signals the end of panic sentiment. Currently, the correlation between ETH and the Nasdaq 100 index remains very high. The Nasdaq 100 index has now fully recovered the losses triggered by those "negative news," suggesting that ETH may be poised for a rebound from the bottom.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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