Wednesday: the market celebrates. Thursday: it takes everything back. 😨
Nasdaq -5.5%. S&P 500 -4.4%. Chip stocks hit the hardest.
Then $BTC slid from about $81K to about $75K, and over $1B in longs got liquidated. Bitcoin had no bad news of its own. It got pulled.
That is the part newbies miss. When stocks sell off, crypto does not need a reason. Leveraged traders pay first, and they pay within one hour.
My own lesson from days like this: You can't predict the headline. You can decide how much one bad day is allowed to cost you.
#USStocksSlipandCryptoMarketUnderBroadPressure
Nasdaq -5.5%. S&P 500 -4.4%. Chip stocks hit the hardest.
Then $BTC slid from about $81K to about $75K, and over $1B in longs got liquidated. Bitcoin had no bad news of its own. It got pulled.
That is the part newbies miss. When stocks sell off, crypto does not need a reason. Leveraged traders pay first, and they pay within one hour.
My own lesson from days like this: You can't predict the headline. You can decide how much one bad day is allowed to cost you.
#USStocksSlipandCryptoMarketUnderBroadPressure