Global chip stock sales continue to spread and risk assets are generally under pressure on Fridays. The CoinDesk data show that bitcoin once fell around $63,000, falling 1.7 per cent over the past 24 hours and increasing to 2.2 per cent within the week. The show was relatively smooth and reported US$ 1836, with a 2.4 per cent increase in 7 days.

Among the major encrypted assets, Hyperliquid fell even more, falling 8 per cent in the daytime and cumulatively 12 per cent in the week. Market trends suggest that current encrypted assets are still following broader risk preferences rather than moving out of a stand-alone situation.

Chips drag risk preferences

Weaknesses ahead of the United States futures pallet, a 1.8 per cent decline in the NASDAQ 100 index futures and a 0.9 per cent decline in the Standard 500 index futures. At the same time, a semiconductor, a 3% drop in front of the ETF, shows that the chip plate throws continue.

The Asian market is also under pressure. The Taiwan stock market fell into a technical retreat, and the main benchmark index for Asia touched a two-month low. In contrast, the European market performed slightly more steadily, owing to the low weight of the technology.

AI Return to Expenditure Focus

Behind this round of sales, the market continues to question whether the current valuation of chip companies can be supported by AI infrastructure inputs. The central concern of investors is whether the hundreds of billions of dollars of capital expenditure invested by the technology giant for AI can be translated into sufficient returns in the future.

The article mentioned that the performance of the current week ' s announcement had not completely dispelled such concerns. The overall mood of the risk asset is weakened by the chip plate pressure and the encryption market is affected.

Macro-trading leads still dominate.

The moderate inflation data released earlier this week had pushed Bitcoin closer to $65,000. But this is more a macro-driven rebound than the continuing upwards of the encryption market itself.

The market direction is again weak as the chip shares fall to dominate risk preferences. Next, investors will focus on the Federal Reserve meeting from 28 to 29 July to determine whether interest rates are expected to continue to affect the performance of Bitcoin and other risk assets.