The US Stock Market and Cryptocurrency Market are in Turmoil, Stock Market Gurus and Whales Unable to Escape Market Correction

June 5th: Turmoil in U.S. Stocks and Crypto Markets Today Per Bitget data, the Nasdaq Composite dropped 2% intraday, with AI blue-chip stocks leading losses. Nvidia slid nearly 4%, Micron Technology tumbled almost 6%, and Intel plummeted more than 6%. Serenity, dubbed the "New Stock God," saw their heavily held stock AAOI edge down just 0.37% on the session, though most of their other positions fell over 5%. Core holdings faced steeper declines: SIVE plunged 8.93% and NBIS dropped 8.01%. Huang Renxun’s pick for the next trillion-dollar market cap standout, MegaWell Technology, tumbled nearly 8% as well. Leopold Aschenbrenner—referred to as the "U.S. Stock Prodigy"—saw his Situational Awareness LP’s new holding TE crash 14.71% today, while HIVE slid 13.16%. Notably, the fund significantly added to bearish options on AI blue-chips this quarter. Turning to crypto, multiple large holders (whales) face liquidation risks. One whale, dormant for five years, opened a leveraged long Ethereum (ETH) position four months ago. The two linked addresses hold 104,772.57 WETH in total as collateral, having borrowed $135 million in USDT (including 24,500 units). Their liquidation prices are $1,555.04 and $1,565.72, respectively. Separately, an address linked to BIT carries $78 million in unrealized losses from a long position of 120,000 ETH. BlockBeats warns users that the market is highly volatile, urging caution when making investment decisions.