Just saw this—breaking news! Pay attention, guys ⚠️
Bitcoin just plunged along with Nvidia again, dropping 0.7%. The reason is pretty wild—reports say Nvidia’s board may be looking to oust Jensen Huang! As soon as the news came out, the AI narrative took a direct hit, and BTC got dragged down with U.S. tech stocks. More importantly, U.S. spot Bitcoin ETFs have now seen net outflows for five straight days, with another $299.9 million flowing out yesterday. Five consecutive days of outflows, guys. This isn’t retail investors running for the exits—it’s institutions rebalancing. Short-term liquidity is definitely looking a bit shaky.
My take: this isn’t a collapse in fundamentals; it’s a one-two punch from sentiment and liquidity. AI and crypto are becoming more closely linked, and when Nvidia sneezes, BTC catches a cold. But after five straight days of outflows, we’re often not far from peak pessimism. Don’t rush to short, and don’t rush to buy the dip either.
Trading plan: $BTC In the short term, watch whether the key 100,000 level holds. If it breaks, the next support levels to watch are 98,000 and 95,000. I think around 95,000 could be a good area to scale in. On a rebound, watch resistance between 103,000 and 104,000; if it can’t break through, we’re just range-bound. Keep an eye on ETF outflow data over the next couple of days—a return to net inflows would signal a sentiment reversal.
At this level, keep your position small and wait. Don’t go all in. Let’s wait for a clear statement on the Jensen Huang situation before making a move 🔥
Bitcoin just plunged along with Nvidia again, dropping 0.7%. The reason is pretty wild—reports say Nvidia’s board may be looking to oust Jensen Huang! As soon as the news came out, the AI narrative took a direct hit, and BTC got dragged down with U.S. tech stocks. More importantly, U.S. spot Bitcoin ETFs have now seen net outflows for five straight days, with another $299.9 million flowing out yesterday. Five consecutive days of outflows, guys. This isn’t retail investors running for the exits—it’s institutions rebalancing. Short-term liquidity is definitely looking a bit shaky.
My take: this isn’t a collapse in fundamentals; it’s a one-two punch from sentiment and liquidity. AI and crypto are becoming more closely linked, and when Nvidia sneezes, BTC catches a cold. But after five straight days of outflows, we’re often not far from peak pessimism. Don’t rush to short, and don’t rush to buy the dip either.
Trading plan: $BTC In the short term, watch whether the key 100,000 level holds. If it breaks, the next support levels to watch are 98,000 and 95,000. I think around 95,000 could be a good area to scale in. On a rebound, watch resistance between 103,000 and 104,000; if it can’t break through, we’re just range-bound. Keep an eye on ETF outflow data over the next couple of days—a return to net inflows would signal a sentiment reversal.
At this level, keep your position small and wait. Don’t go all in. Let’s wait for a clear statement on the Jensen Huang situation before making a move 🔥