Nvidia just made an official announcement: Jensen Huang has resigned as CEO and board member, effective immediately, and CFO Colette Kress will serve as interim CEO. Following the news, Nvidia shares fell about 10% in premarket trading, and BTC also dropped below $73,000.
A view that doesn’t chase the hype: A leadership change at a market leader is significant, but don’t mistake sentiment for direction.
① U.S. tech stocks and crypto are closely linked, and volatility could easily intensify over the next few days. Reduce leverage by a notch first;
② Nvidia still plans to release its Q3 earnings on November 17. The real variables lie ahead;
③ U.S. spot BTC ETFs have seen net outflows for five consecutive days. Don’t count on anyone to provide a floor—manage your own position carefully.
$NVDA $BTC
How long do you think this leadership change will affect the crypto market?
A view that doesn’t chase the hype: A leadership change at a market leader is significant, but don’t mistake sentiment for direction.
① U.S. tech stocks and crypto are closely linked, and volatility could easily intensify over the next few days. Reduce leverage by a notch first;
② Nvidia still plans to release its Q3 earnings on November 17. The real variables lie ahead;
③ U.S. spot BTC ETFs have seen net outflows for five consecutive days. Don’t count on anyone to provide a floor—manage your own position carefully.
$NVDA $BTC
How long do you think this leadership change will affect the crypto market?