According to @nic__carter, crypto’s 2025 weakness reflects a rotation of attention and capital toward AI, data centers, quantum, and rare earth equities, leaving digital assets with few buyers and no clear catalysts; he contrasts this with 2022’s event-driven drawdowns that markets could work through. Source: @nic__carter on X, Nov 15, 2025. He characterizes crypto as the forgotten child in 2025 while the Magnificent Seven lead market narratives, resulting in a grind lower driven by exhaustion rather than discrete shocks. Source: @nic__carter on X, Nov 15, 2025. For trading strategy, he argues the four-year cycle and alt season playbooks are obsolete, shifting edge toward projects that deliver tangible value and utility instead of narrative momentum. Source: @nic__carter on X, Nov 15, 2025. He also cites a lingering DAT hangover as part of the demand drag, reinforcing a selective, fundamentals-first approach over broad crypto beta exposure. Source: @nic__carter on X, Nov 15, 2025.

According to @DowdEdward, US equity indices are being held up by seven AI-focused mega-cap stocks that are on their last legs, and he warns of a looming Hoover moment unless the White House changes messaging and focus, source: Edward Dowd on X, Nov 6, 2025. For trading strategy, this highlights concentration risk and the need to track breadth via S&P 500 Equal Weight versus Cap-Weight performance and Nasdaq-100 advance–decline metrics, source: S&P Dow Jones Indices and Nasdaq Market Data. The leadership dynamic he references aligns with the widely cited Magnificent Seven dominance in index returns (NVDA, MSFT, AAPL, AMZN, GOOGL, META, TSLA), source: Goldman Sachs Research 2023. Because equity risk sentiment has shown stronger post-2020 linkage with crypto, a drawdown in AI mega-caps could raise volatility in BTC and ETH, source: BIS Quarterly Review 2022 and IMF Global Financial Stability Report 2022. Traders may monitor QQQ and SPY implied volatility term structures, NVDA and MSFT guidance quality, and BTC perpetual funding rates for early stress signals, source: Cboe Global Markets, company investor relations pages, and Deribit/CME derivatives data.

According to Reuters Business, the Magnificent Seven now account for over 30% of the S&P 500, triple their share a decade ago, highlighting elevated index concentration risk for traders. Source: Reuters Business. According to Reuters Business, some investors are uneasy that the rally is too top-heavy and worry the AI gold rush could vanish as quickly as it began, underscoring downside sensitivity if leadership fades. Source: Reuters Business. According to Reuters Business, crypto market participants should monitor this concentration and AI-theme fragility as cross-asset risk sentiment is closely tracked by BTC and ETH during macro leadership shifts. Source: Reuters Business.

According to @KobeissiLetter, the current macro setup features Fed rate cuts while Core PCE inflation runs at 2.9%+ for the first time in three decades, a rapidly deteriorating US labor market outlook, and deficit spending above $2 trillion per year (source: The Kobeissi Letter). The author states that jobs reports are suspended due to a government shutdown, creating a data gap as they expect two more Fed rate cuts in 2025 amid stagflation (source: The Kobeissi Letter). The author also highlights that the Magnificent Seven are spending over $100B per quarter on AI CapEx, underscoring a major corporate investment cycle to monitor (source: The Kobeissi Letter). The trading takeaway from the author is clear: own assets rather than hold cash, which digital-asset traders can map to positioning and volatility monitoring under a stagflation-plus-liquidity regime (source: The Kobeissi Letter).

According to @business, Bloomberg reports that the Magnificent Seven is looking dated and highlights proposed AI-centric replacements dubbed the Great Eight, the Golden Dozen, and the TenAI of GenA (source: @business, Sep 28, 2025). The tweet points to a detailed report presenting these AI stock groups as alternatives to track market leadership and performance in U.S. equities (source: @business, Sep 28, 2025).