U.S. stock markets are hitting record highs, but the momentum is shifting. Investors are trimming tech positions and rotating capital elsewhere—a classic signal of portfolio rebalancing in mature bull runs. When the mega-cap tech names lose their grip as market leaders, it often signals changing risk appetites. For crypto observers, this matters: institutional money rotations across traditional markets can influence where risk capital flows next. Whether this tech pullback gains legs or proves temporary will shape sentiment across alternative assets in the coming weeks.