27 minutes saw a drop of 1000 points—this volatility is even more wild than DeFi low-quality coins; the traditional finance leverage game has gotten out of hand.

Coin World News: The NASDAQ 100 index plunged 1,000 points in 27 minutes, and the S&P 500 erased $1 trillion in market cap, turning from a 1% gain to a 3% loss after the opening. U.S. PCE inflation rose to 4.1%, and Apple announced price increases of up to 25% for Mac and iPad due to soaring AI chip costs. Apple’s stock fell nearly 6%, wiping out about $220 billion in market cap. The Kobeissi Letter believes that the widespread use of high-leverage ETFs, uncertainty around AI, and massive crypto liquidations caused by large-scale forced closures are the main reasons for the heightened volatility, and expects market volatility to persist.