$OCM
StableSnapshot Window: 2026-08-04 20:00 UTC · ← Back to Crypto Overview
Social Momentum Summary
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Verbatim Community Citations & Social Evidence 1 source posts analyzed
July didn’t end the bull market. It reset it. Citadel’s Scott Rubner says the recent selloff cleared out excessive positioning without breaking the bigger trend. Retail investors turned net sellers. AI and semiconductor stocks saw heavy selling. Leveraged ETF assets fell by
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AI visual note: The chart shows Leveraged ETF Assets Under Management monthly from 2020 to July 2026, peaking at $218B in June 2026 before declining to $154B in July 2026, with Semis at $31B (20%), Tech (ex-Semis) at $61B (39%), and Other at $62B. This visual supports the post's point that the July selloff—particularly hitting AI and semiconductor leveraged ETFs—reset the bull market by reducing excessive retail positioning from its June peak.