HTX DeepThink: AI Investment Returns Under Re-evaluation, BTC's Safe-Haven Properties Unverified Amid Tech Stock Selloff

Bitcoin briefly fell to around $76,000 this week and rebounded above $80,000 after U.S. midterm election results before sliding back to roughly $75,700 on November 5, while ether dropped to about $2,250 and more than $1 billion in derivatives were liquidated within 24 hours. The volatility came as investors reassessed the payoff timeline for AI-related capital spending, triggering a tech selloff that pushed the Dow down about 3.44% and the VIX to 28.18, with the 10-year Treasury yield near 5%. Spot bitcoin ETFs saw sustained outflows, including about $399 million in a single day on November 3, insufficient to absorb deleveraging and position-cutting, and BTC’s correlation with tech stocks strengthened rather than demonstrating independent safe-haven behavior. The article flags the November 10 U.S. CPI release as the key catalyst, with falling inflation and Treasury yields potentially supporting a rebound in tech and crypto, while sticky inflation could keep high-valuation sectors under pressure. Near-term ranges cited are 7,200–7,600 for the S&P 500 and $75,000 support versus $80,000–82,000 resistance for BTC, with the outlook described as cautiously neutral.