Liquid Capital founder Yi Lihua (JackYi) revealed that after discussing with Sun Yuchen, he is bearish on both the Nasdaq and Bitcoin. Yi noted that the Democrats' political shift and the Jensen Huang incident have broken the short-term AI ecosystem, pushing his analysis beyond traditional Bitcoin trading data into broader US equity risks. Sun Yuchen warned that liquidating AI stocks now may mark a future peak, arguing that companies like Nvidia have generated leverage and subprime debt far exceeding actual AI revenue growth. He cautioned that if key industry leaders face problems, the entire AI supply chain could undergo severe deleveraging, triggering sharp pullbacks in US equities and potentially escalating into a broader financial crisis.