#CoreWeave Sentiment turns cold
$CRWV 60.98, down 1.01%, with trading volume of about 10.2 million USDT. Yahoo Finance’s bearish article had only been out for 0.6 hours.
I don’t think this news is worth making a fuss over. A 1% drop on this little volume means the market isn’t taking it seriously at all. If something were really wrong, it wouldn’t have fallen by just this much.
I’m leaning bearish: once sentiment turns cold, highly leveraged expansion stocks like this can get hammered quickly. But it’s easy to prove me wrong—if it gets back above 62, I’ll admit it.
The signal to change my mind is trading volume. If real money starts pouring in and drives it down on heavy volume, I’ll take an even lower stance.
$CRWV 60.98, down 1.01%, with trading volume of about 10.2 million USDT. Yahoo Finance’s bearish article had only been out for 0.6 hours.
I don’t think this news is worth making a fuss over. A 1% drop on this little volume means the market isn’t taking it seriously at all. If something were really wrong, it wouldn’t have fallen by just this much.
I’m leaning bearish: once sentiment turns cold, highly leveraged expansion stocks like this can get hammered quickly. But it’s easy to prove me wrong—if it gets back above 62, I’ll admit it.
The signal to change my mind is trading volume. If real money starts pouring in and drives it down on heavy volume, I’ll take an even lower stance.