Hedge funds retreat from tech stocks at fastest pace in a decade, Goldman Sachs says

Goldman Sachs reports that hedge funds exited technology stocks at the fastest pace in a decade, signaling a broad shift toward risk aversion and defensive sectors. The move affects global market dynamics and could spill over into crypto, which has traded increasingly in step with tech equities. Traders should watch for correlated drawdowns in risk assets if the de-risking continues, though the story names no specific crypto assets.