Philadelphia Semiconductor Index Drops 4.3% in a Single Day, Officially Enters Technical Bear Market; Whale Loses $10.4 Million Cutting Losses and Exiting

TechFlow news, July 17, according to monitoring by on-chain analyst Ai Yi (@ai_9684xtpa), the US stock AI semiconductor sector plummeted again, with the Philadelphia Semiconductor Index falling 4.3% in a single day, marking a cumulative pullback of over 22% from the mid-June high and officially entering a technical bear market. Meanwhile, the on-chain address "asssdfc" (0x51...), which heavily went long on a basket of tech semiconductor stocks, liquidated positions to cut losses this morning, having incurred an overall unrealized loss of over $10.4 million in the past 30 days, and finally chose to cut losses and exit.