🤯 Last night’s move in the US stock market was really hard to describe, brothers!

The Nasdaq fell directly by 2.21%, and the Dow and S&P also stayed green. This round of selling pressure on AI tech stocks is really intense.

The storage sector is even more extreme—SanDisk is down nearly 14%, and Micron $MU is also down more than 13%. The Philadelphia Semiconductor Index is down nearly 8% directly.

🌏 The neighboring Korean market is even more intense—the composite index has gone into circuit breaker directly! Both Samsung Electronics and SK Hynix are down more than 12%. After setting new all-time highs, this overheating signal is also way too obvious.

🔥 The question is—what’s the fuse behind all of this?

A latest forecast from Bank of America says the Federal Reserve may raise interest rates by 75 basis points in 2026, with one each in September, October, and December. Remember, their previous forecast was that there would be no rate hikes this year! The turnaround is far too fast. The hawkish signals from the new chair, Wosh, are making the market a bit uneasy.

💡 What does all this have to do with the crypto market?

$BTC Currently, it’s fluctuating in the 62,000–63,000 range, and the total crypto market cap is also under pressure. Demand for put options from institutions is surging, suggesting that big funds are preparing to hedge. As expectations for rate hikes heat up, risk assets overall are feeling bad.

📌 A few observations from me:

First, uncertainty at the macro level is too high right now, and Bank of America’s change of stance this time is even faster than turning a page.

Second, the circuit breaker in the Korean market shows that funds have already started to run ahead.

Third, this pullback in the storage sector and AI tech stocks may spill over into the entire risk asset market.

In this market, it’s better to watch more and act less—keeping your hands under control is more important than anything. Wait until the Fed’s attitude becomes clearer.

👀 Do you think the Fed really will raise rates three times this year? Let’s chat in the comments 👇
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