$BTC Reclaimed 80,000 overnight, while semiconductor stocks got hammered 👀
Within an hour of the U.S. stock market opening at 22:30 (UTC+8) / 14:30 UTC, BTC hit a high of 81,188. That same night, SOXL futures on Binance were down 10% over 24 hours. The news said markets were worried that AI data center construction would slow down after the Democrats won control of Congress.
More surprising, even as prices kept rising, the long-account ratio for futures fell from 70% yesterday morning to 58%.
Do you think 80,000 will hold today, or will U.S. stocks drag it down again?
Not investment advice
Within an hour of the U.S. stock market opening at 22:30 (UTC+8) / 14:30 UTC, BTC hit a high of 81,188. That same night, SOXL futures on Binance were down 10% over 24 hours. The news said markets were worried that AI data center construction would slow down after the Democrats won control of Congress.
More surprising, even as prices kept rising, the long-account ratio for futures fell from 70% yesterday morning to 58%.
Do you think 80,000 will hold today, or will U.S. stocks drag it down again?
Not investment advice