"BTC OG Insider Whale" Agent: ETH has tech stock beta characteristics and still maintains a high correlation with the Nasdaq 100 Index

BlockBeats News, on December 25, the agent of "BTC OG Insider Whale," Garrett Jin, posted that "Last week, the sell-off in the US stock market's AI sector was mainly driven by two factors: an emotional misinterpretation by sell-side analysts of comments made by the Broadcom CEO; and the narrative surrounding the extreme ultraviolet lithography 'Manhattan Project.' Both of these are essentially just noise over the next 6–12 months."

This week, AI stocks have generally rebounded, including even the previously weakest performers, such as Oracle, which is still weighed down by debt issues. This usually indicates that panic sentiment has ended and a short-term bottom has formed. The Nasdaq 100 index has fully recovered the losses previously triggered by these 'bearish headlines.'

Given that ETH has a clear tech stock Beta (moving in the same direction but with greater volatility) characteristic, its correlation with the Nasdaq 100 index remains at a high level."