Suspected "1011 insider giant" Garrett Jin claims that the correlation between ETH and the Nasdaq 100 remains high, suggesting that prices may rebound

Suspected "1011 Insider Whale" Garrett Jin posted on the X platform, stating that last week's sell-off of AI concept stocks in the U.S. stock market may have been due to sell-side analysts' emotional misinterpretation of comments made by the CEO of Broadcom. This week, the AI sector has begun to rebound broadly, including Oracle, which is still burdened by debt issues. This trend typically signals the end of panic sentiment.

Garrett Jin further noted that the correlation between ETH and the Nasdaq 100 index remains high, and the Nasdaq 100 index has fully recovered from the declines triggered by those "negative news," suggesting that ETH may also be poised for a rebound.