According to The Stock Sniper (@Ultra_Calls), the QQQ 6/4 $524 put contracts are trading at $0.86 and showing signs of heavy selling pressure, indicating a bearish outlook. The trader recommends a tight stop, highlighting the potential for short-term downside in tech stocks. This bearish sentiment in QQQ, which tracks the Nasdaq-100, may signal caution for crypto traders as tech sector weakness often correlates with short-term volatility in leading cryptocurrencies like Bitcoin and Ethereum due to risk-off sentiment. Source: Twitter/@Ultra_Calls