BTIG’s chief market technician Jonathan Krinsky warned on July 27 that the correction in semiconductor and AI-related stocks is only just beginning, with a potential 9-10% additional downside for U.S. tech equities. While BTIG’s reports contain no direct mentions of cryptoassets, the correlation between risk-on tech positions and digital asset markets remains strong. Crypto investors should monitor semiconductor breadth indicators and tech sector fund flows as leading signals for digital asset market conditions.
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