HTX Research: BTC Fails Safe-Haven Test as AI Return Repricing Hits Tech Stocks

Cointime reports: HTX Research analyst Chloe said this week’s global risk-asset selloff stems from a reassessment of AI investment return cycles, with the S&P 500 closing at 7,353.73 on Nov. 5 and the Dow falling about 3.44% as the VIX rose to 28.18. BTC fell to around $76,000, rebounded above $80,000 after midterm election results, then slid back to near $75,700, while ETH dropped to about $2,250 and 24-hour derivative liquidations topped $1 billion. BTC spot ETFs saw about $399 million in net outflows on Nov. 3, and BTC’s correlation with tech stocks strengthened, showing no independent safe-haven property.