CoinMeta data: Goldman Sachs indicates that systematic hedge funds experienced their worst week since 2024 during a 5.5% decline in the Nasdaq 100 index. Data shows that approximately $20 billion worth of tech stocks were sold off over the past two weeks, resulting in the largest weekly loss for hedge funds in two years. Systematic long-short hedge funds lost 2% last week, while fundamental long-short strategies saw a decline of 1.1%. The 5.5% weekly drop in the Nasdaq 100 index is the largest since April 2025. Goldman Sachs' main brokerage business recorded approximately $20 billion in sales of tech stocks over the past two weeks, close to the $23 billion seen in July. U.S. stocks saw net selling for the third consecutive week, with net selling occurring in four out of the past five weeks.