VanEck: Traders selling their positions in Nvidia are driving down market sentiment.

VanEck Australia stated that Nvidia will release its financial report this week, which is expected to be a significant test of market confidence in AI in the short term. Cross-asset investment strategist Anna Wu said that momentum is like a self-driving machine. The selling of Nvidia stocks by traders before the release of the financial report and US macroeconomic data has dampened sentiment in the US stock market and spread to Asian markets. If we use Bitcoin as a market sentiment indicator, it indicates concerns at bear market levels.