Guys, I woke up and the sky was falling again.
In an already fragile, brutally deep bear market, the biggest black swan of all came from the “picks-and-shovels seller.” A bombshell just broke: NVIDIA CEO Jensen Huang has suddenly announced his resignation!
The news sent shockwaves through global tech and finance. U.S. tech stocks plunged in premarket trading, and the panic instantly spread to crypto—Bitcoin crashed through the $72,000 support level, hitting a low of $71,737. Ethereum fared even worse, plunging below the $2,000 mark (currently at $2,004)!
What exactly is this bloody chain of events? Where will this plunge finally bottom out? Let’s sort through the logic tonight.
Why did the “leather-jacket-wearing blade master” resign—and why did crypto crash right after?
A lot of people are puzzled: Jensen Huang is no longer CEO, so what does that have to do with crypto? The logic is actually very straightforward:
1. The deep ties between the AI narrative and the crypto market
Over the past two years, Nvidia has been the undisputed leader of the global AI boom. AI-related crypto sectors—including computing power, large language models, and AI Agent tokens—have also ridden this wave and been hyped relentlessly. Jensen Huang’s sudden departure means there’s enormous uncertainty about Nvidia’s future strategy. If fears of an “AI bubble bursting” spread, AI-themed crypto tokens will be hit first, dragging down risk appetite across the entire market.
2. The “contagion sell-off” across macro assets
Nvidia isn’t just a tech stock; it’s also a bellwether for the US stock market. Even Microsoft is down today, signaling that the market has entered a phase of extreme panic and indiscriminate selling. Bitcoin may be called “digital gold,” but on the brink of a liquidity crisis like this, institutions still sell it as a high-risk tech asset.
3. A cascade of liquidations on Hyperliquid
Reports say that after the news broke, Nvidia-related perpetual contracts on Hyperliquid saw extremely volatile trading. The contract market was already severely starved of liquidity, and traders needed funds to meet margin calls on their US stock positions. They had no choice but to dump Bitcoin, triggering a cascade of long liquidations (longs liquidating longs).
Money is fleeing in a panic. The hard truth is brutal
Don’t bother with the “bullish or bearish” polls under the news. Look at where the actual money is going:
ETFs have seen nine straight days of outflows: US spot Bitcoin ETFs have recorded net outflows for nine consecutive trading days, losing a cumulative $2.043 billion. Even BlackRock’s IBIT can’t withstand this wave of redemptions. Institutions are pulling out—that’s the most fatal sign.
72,000 has turned into resistance: We were just talking about Bitcoin struggling at the 73,000 line, and now even 72,000 has been smashed. Technically, the extreme fear-driven support below has retreated to the key $70,000 level, and a test of the previously mentioned area around $68,000 cannot be ruled out.
When a sudden black swan event triggers a plunge like this, absolutely don’t try to catch a falling knife. Here are three practical strategies:
1. Futures traders: Keep your hands off the keyboard and stay on the sidelines
Volatility is staggering right now, and those sharp moves up and down have no rhyme or reason. Both bulls and bears are getting “double-killed” by the whales. If you still have long positions, cut your leverage quickly on any rebound. Don’t try to call the bottom, and definitely don’t chase shorts here—you could easily get wiped out by a short-covering rebound.
2. Spot traders: Sit tight, or dollar-cost average in batches
If you’re holding spot bought above $75,000, selling at a loss now is pointless. For long-term dollar-cost averagers, a drop below $72,000 could actually be an opportunity to lower your average cost. But remember: don’t go all in at once. Enter in at least 3–5 batches. $70,000 and $68,000 are the key levels to watch next.
3. Watch how events develop
Was Jensen Huang’s resignation due to “personal reasons” or “internal power struggles”? The official opening of the US stock market tonight should provide some answers. If US tech stocks see panic-driven trading halts tonight, crypto could take another big hit. Stay alert.
In short: Don’t assume the decline has bottomed. Weather the black swan, and the survivors will prevail.
Do you think Huang’s sudden resignation was the trigger, or was crypto due for a drop anyway? What’s your average entry price? Share your levels in the comments so we can support each other!