Smart money exited early. By 2025, hedge funds cut exposure to tech “Magnificent 7” stocks (like Apple, Amazon) to a 22-month low.
On February 9, institutional investors placed the largest short bet against Ethereum in history, just as retail investors piled into crypto, hoping for a US Bitcoin reserve. Crypto then crashed, losing 1 trillion USDT marketcap despite positive political developments. Even bullish news became a “sell the news” moment.
