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After smashing tech stocks, Wall Street just closed up and went on holiday! The current situation is: The Americans have all gone off to barbecue and vacation, and tonight, Bitcoin (BTC) has directly lost the US stock market as its 'meat shield' and 'commander,' left all alone near $61,300 to face the long-short squeeze of the entire network.
Title: Truth Be Told: SanDisk and Micron Bloodbath Before the Bell! The US Stock AI Myth Dies, Bitcoin 61000 Turns Into an ATM?
Today, July 3rd, the fig leaf of this round of tech stocks and the crypto circle has been completely torn off by the old foxes of Wall Street!
Look at the carnage from last night to today's pre-market: SanDisk plunged over 10%! Micron crashed, SK Hynix followed suit! The three chip giants have vomited out most of the profits from the AI bull market overnight, and the entire network is shouting 'the tech stock bubble has burst.'
And what happened? Bitcoin (BTC) was dragged down by its neighbor, stuck around 61300 today, twitching repeatedly, and retail investors have been scared so much that they can't even cry anymore.
Chip stocks haven't collapsed in fundamentals; institutions are 'withdrawing money by borrowing a knife.'
Use your brain! Micron just delivered record earnings, SanDisk has risen so much this year, the current crash is not because AI is failing, but because institutions are frantically 'taking profits' after completing their mid-year book closing! Big institutions are cashing out tech stocks. And the crypto circle, this liquidity-starved reservoir, naturally becomes the institutions' preferred ATM. Any weak rebound during the day is poison that the dog dealer pumps up to make room for tonight's dump!
The fear index has smashed through the floor, but you're giving your chips to the dog dealer for free?
Bitcoin is consolidating around 61,000, with retail panic selling flooding out. But on-chain data shows that the Wall Street whales have not been aggressively dumping spot; only high-leverage contracts across the network are being liquidated. Institutions are cashing out in the US stock market while deliberately not pumping the price in the crypto circle to create a suffocating feeling, just to force you to cut your last bloody chips at the bottom before the July rebound!
The period of shrinking volume and dead water is the dog dealer's favorite 'sneak attack window.'
Don't think that the US stock market being closed is a good thing. A US stock market halt means that the main ETF spot funds won't enter the market at all for these three days! The market is now full of existing funds fighting each other. The volume is as low as an electrocardiogram, and at such times, the dog dealer only needs a few hundred Bitcoins to smash through 60k or pump 2000 points in the middle of the night. The current weak consolidation is purely the dog dealer deliberately luring you to open high-leverage contracts!
The aftermath of tech stock bleeding has only just begun tonight.
Last night, SanDisk, Micron, and SK Hynix were frantically cashed out by institutions, showing that big money is frantically withdrawing liquidity before the holiday. The crypto circle, as the shadow market with the worst liquidity, has no new retail investors entering the market for these three days. You're holding a few hundred dollars of small change, not thinking about how to survive, yet you still want to chase high-level long contracts on Friday night—what is that if not delivering a New Year's Eve dinner to the dealer?
#美股盘前暴跌 #闪迪美光血崩 #BTC死守61000 #防割指南 #币圈纪检委 $BTC