Grayscale transferred more than 1,928 BTC to Coinbase Prime address, equivalent to approximately US$120 million

In October 2026, the Nasdaq Index plummeted as high-leverage debts from AI giants such as CoreWeave triggered default panic. Capital rapidly shifted from high-risk AI infrastructure to 10-year US Treasury bonds, highlighting an intense pricing power struggle between the private sector and sovereign governments over long-term savings.

SK Hynix and Samsung's stock prices have fallen more than 50% from their peaks. Bank of America points out their projected P/E ratio for 2027-28 is only 2-3 times, at historic lows. The report believes the current correction is disconnected from fundamentals, AI storage demand remains strong, long-term profitability drivers are intact, and the risk-reward ratio is better than at historical bottoms.

According to a report by UBS, although the AI sector declined by 5% last week, market breadth has improved and de-risking is accelerating. As rate fluctuations dominate returns and AI demand remains strong, the probability of technology and non-technology sectors rising together is underestimated. UBS recommends allocation to industrials and utilities.