According to BlockBeats, on March 30th, Goldman Sachs data showed that hedge funds sold a large number of global technology stocks this week. Its scale is second only to the sell-off scale in early August 2024 in the past five years. In this round of selling, US technology stocks accounted for 75% of the net selling. Analysis suggests that even in the early stages of the bear market in 2022, these stocks have not experienced such a rapid exit. This sector led the decline this quarter, with the Nasdaq 100 index falling by -13% in the past 6 weeks. (The Kobeissi Letter)