The Philadelphia Semiconductor Index posted its 𝟯𝗿𝗱-𝗹𝗮𝗿𝗴𝗲𝘀𝘁 5-day decline on record, falling 𝟮𝟭.𝟴% — the worst since the Dot-Com collapse in September 2001, surpassing every crash in 2008 and 2020. Thursday alone saw SOX drop 12.3%, the largest one-day decline since March 16, 2020. 𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: Semiconductor volatility at Dot-Com-era levels is a systemic risk-off signal. Chips are the most crowded long in global equities, and a forced unwind here transmits through the broader tech sector into risk assets including BTC. The 3x leveraged SOXL ETF cratered 60% over 5 sessions and is down 𝟴𝟲% from its June peak — showing how violently leveraged exposure has been wiped out. SOXL is tradeable on Hyperliquid as a HIP-3 perp for direct positioning. source: KobeissiLetter Track real-time signals & trade → https://hupzy.com/trending?utm_source=x&utm_medium=social&utm_campaign=agent_x_post&utm_content=3353