Nasdaq 100 falls 10% from October high, heading for correction

The significance lies less in the round-number threshold than in what a correction signals about how the market is repricing the tech-heavy cohort that has driven index returns. The read-across extends beyond equities: crypto and other risk assets have tended to move with Nasdaq sentiment, so the durability of this pullback matters for positioning across those markets. Whether the decline deepens or stabilizes near correction levels is the open question, and the breadth of the selling is worth watching as a gauge of conviction.