Reports show Michael Burry has taken a bearish position against HYPE amid surging online interest in AI tokens. Heavy short exposure and spiking social volume point to a possible market inflection.

Rising appetite for high-beta AI tokens and memecoins is drawing liquidity away from established assets, leaving XRP consolidating around $2. Traders and investors should watch on-chain flows and exchange volumes for signs of deeper rotation.

Crypto markets slid on Nov. 12 after a sector-wide sell-off in AI tokens knocked the market down about 6%, while Bitcoin dipped under $104,000 amid rising volatility and thinner liquidity.