Nasdaq Slips Over 2% Overnight as Asia-Pacific Markets Slide: KOSPI Falls 4% and Nikkei 225 Dips Below 49,000

Overnight, a broad risk-off environment weighed on global asset classes, with the crypto market tracking the retreat in equities. The Nasdaq fell more than 2%, dampening appetite for higher-beta assets, while Bitcoin and Ethereum tightened around key support levels as traders reassessed macro cues and liquidity conditions. As equities answer to the macro narrative, traders note that capital preservation takes precedence over speculative positioning.

In Asia, risk-off momentum extended to regional equities: the KOSPI index slid to roughly 4% intraday, while the Nikkei 225 slipped below 49,000, recording about a 2% intraday drop. These moves reinforce cautious sentiment for crypto prices, with Bitcoin and Ethereum likely to respond to shifts in macro rates and Fed guidance. Traders should monitor liquidity, funding rates, and on-chain activity to gauge near-term swing risk.