Broadcom drops over 13% after hours, AI chip revenue forecast falls short of expectations—this news might be more worth analyzing for the crypto market than Bitcoin dropping below $65k.

In recent weeks, the narrative of funds flowing from crypto to AI and IPOs has become old hat, but Broadcom's decline exposes vulnerabilities within the AI sector.
As a key supplier of AI infrastructure, Broadcom's revenue guidance below market expectations suggests that the growth rate of AI capital expenditure may be slowing down.
If AI's "money-raising" ability diminishes at the margin, will the funds siphoned into AI re-evaluate the relative value of crypto assets?
In the short term, the crypto market still faces its own structural issues.
Bitmine Ethereum unrealized losses approach $9 billion, ETH drops below $1,800, and the forecast market assigns a 71% probability of falling to $1,500.
The pressure from leveraged liquidations has not yet cleared, yet open interest in coin-margined contracts hits new highs, indicating that bulls and bears are still stalemated.
Broadcom's underperformance may be a turning point: when cracks appear in the AI narrative, the direction of capital rotation could change.
But the crypto market needs to first digest its own leverage risks before it can absorb potential inflows of liquidity.
$btc #eth #defi #链上数据 #ai