In July of this year, the global artificial intelligence (AI) sector witnessed a significant wave of leverage liquidation. Stocks centered around AI themes faced substantial sell-offs in major markets, including the United States and South Korea. A notable development during this period was the collapse of a highly leveraged AI-focused hedge fund established by the well-known "AI Stock Guru," Leopold Aschenbrenner, serving as a telling indicator of this market trend.

Following a cycle of deleveraging, position liquidations, and margin calls, the phase of global market leverage liquidation appears to be drawing to a close. Overseas institutions now anticipate a reversal in market capital flows, potentially heralding a new opportunity for systematic position accumulation. Nevertheless, industry experts advise caution, noting that market volatility and the inherent risks associated with leveraged trading persist. They emphasize the need for continued vigilance to guard against future market fluctuations.