South Korea’s KOSPI triggers a direct circuit breaker in the afternoon, down more than 8%. Samsung and SK hynix each get hit by around 9%. Foreign investors saw a single-day outflow of $1.6 billion. Then panic crawls in through the cables—Bitcoin gets dragged into the mire, dipping as low as 59,062, a 20-month low.
But this round is different from this morning. This morning was liquidation from crypto’s own leverage cascade; this afternoon is being pulled down by external macro factors. Chip supply-chain panic spreads from Seoul to New York, and then to crypto. The AI narrative is splintering: Micron’s earnings beat and surged 19%, while Apple slid 6% yet raised prices across the board by $300. In the same supply chain, some are feasting while others are left out in the wind. The market isn’t doubting AI—it’s doubting who gets to keep the profits.
Technicals: 60,000 is the watershed today. If it can’t hold, the next valid support is 55,000–58,000, where the large platform from last October sits. Tonight at 8:30, PCE; core PCE is expected at 3.4%. Williams has laid it out: the 2% inflation target is pushed to 2028. But if the data doesn’t exceed 3.5%, the sell-off may already be enough—so a bounce is possible. If it overshoots, then it’s back to overhype mode for the New Year.
#BTC #宏观 #PCE
But this round is different from this morning. This morning was liquidation from crypto’s own leverage cascade; this afternoon is being pulled down by external macro factors. Chip supply-chain panic spreads from Seoul to New York, and then to crypto. The AI narrative is splintering: Micron’s earnings beat and surged 19%, while Apple slid 6% yet raised prices across the board by $300. In the same supply chain, some are feasting while others are left out in the wind. The market isn’t doubting AI—it’s doubting who gets to keep the profits.
Technicals: 60,000 is the watershed today. If it can’t hold, the next valid support is 55,000–58,000, where the large platform from last October sits. Tonight at 8:30, PCE; core PCE is expected at 3.4%. Williams has laid it out: the 2% inflation target is pushed to 2028. But if the data doesn’t exceed 3.5%, the sell-off may already be enough—so a bounce is possible. If it overshoots, then it’s back to overhype mode for the New Year.
#BTC #宏观 #PCE