BlockBeats News, July 28th: Bloomberg's Senior ETF Analyst Eric Balchunas noted that among the top 15 ETFs by pre-market trading volume in the US stock market, 10 are related to the semiconductor sector, with SOXL ranking first. In contrast, among the top 10 ETFs by trading volume yesterday, 5 belonged to semiconductor ETFs.

ETF trading volume is usually associated with market panic sentiment, but historically, it also often indicates that the market is approaching a cyclical bottom.