WS #15496
Institutional appetite for Bitcoin has cooled sharply, with US spot ETFs recording a $485 million outflow, erasing October's net inflows. This liquidity drain has pushed Bitcoin below $82,300, a 3-week low, and triggered a broader crypto selloff. The outflow coincides with rising risk-free yields and geopolitical uncertainty, suggesting a rotation out of speculative assets into safer havens like the US dollar and gold. Major technology firms are signaling a decisive pivot from hyper-growth to efficiency. Amazon's decision to cut nearly 1,000 white-collar jobs across the US, UK, and India underscores a broader industry trend of trimming overhead to fund massive AI capital expenditures. This structural shift is pressuring short-term earnings visibility for tech services but may support long-term margins for hardware and infrastructure providers.
Crypto Liquidity Drain
Institutional appetite for Bitcoin has cooled sharply, with US spot ETFs recording a $485 million outflow, erasing October's net inflows. This liquidity drain has pushed Bitcoin below $82,300, a 3-week low, and triggered a broader crypto selloff. The outflow coincides with rising risk-free yields and geopolitical uncertainty, suggesting a rotation out of speculative assets into safer havens like the US dollar and gold.
Major technology firms are signaling a decisive pivot from hyper-growth to efficiency. Amazon's decision to cut nearly 1,000 white-collar jobs across the US, UK, and India underscores a broader industry trend of trimming overhead to fund massive AI capital expenditures. This structural shift is pressuring short-term earnings visibility for tech services but may support long-term margins for hardware and infrastructure providers.