When U.S. stocks sneeze, crypto catches a cold first
The Nasdaq fell 0.23%, with AI and storage stocks slumping across the board. SKHY fell 4.23%, and optical module stocks were all down. Crypto-related stocks fared even worse: MSTR fell 4.33%, COIN dropped 2.05%, and SBET slid 3.42%. Companies holding crypto were the first to get hammered by the market.
When U.S. stocks weaken, money tends to pull out of spot BTC and ETH ETFs first. Big players are using options on MSTR and COIN to press their short bets. In the near term, prices may still test support. Any bounce toward the previous high could be a chance to sell, so don’t rush to catch a falling knife.
For those holding MSTR, share your cost basis. Let’s see whose losses are worse than COIN’s.
$BTC $ETH $MSTR
The Nasdaq fell 0.23%, with AI and storage stocks slumping across the board. SKHY fell 4.23%, and optical module stocks were all down. Crypto-related stocks fared even worse: MSTR fell 4.33%, COIN dropped 2.05%, and SBET slid 3.42%. Companies holding crypto were the first to get hammered by the market.
When U.S. stocks weaken, money tends to pull out of spot BTC and ETH ETFs first. Big players are using options on MSTR and COIN to press their short bets. In the near term, prices may still test support. Any bounce toward the previous high could be a chance to sell, so don’t rush to catch a falling knife.
For those holding MSTR, share your cost basis. Let’s see whose losses are worse than COIN’s.
$BTC $ETH $MSTR