Guys, on the night Jensen Huang resigned, Nvidia managed to hold up on its own.
It plunged to 148.8 at one point after the open, down 14 points, then closed back at 166.2, down just over 4. The Nasdaq fell only 0.39% for the day. NVDAB on Binance is now at 167, higher than it was yesterday afternoon.
Now look at Bitcoin: down nearly 4% in 24 hours, sitting at 71,500 just above last night's low. No bounce.
That post at midnight said that when the AI pillar wobbles, Bitcoin wobbles too. That's only half right. Nvidia wobbled and recovered; Bitcoin hasn't.
You can't blame Nvidia for that. ETFs are seeing outflows every day, Saylor got kicked out of MSCI, Bitmine is going to stop buying, and demand from crypto investors is weak on its own. Jensen Huang just gave it a push.
Before the earnings report on the 17th, Bitcoin needs to find its own bottom first. I'll let you guys know as soon as I do. #黄仁勋辞任CEO，英伟达战略走向受关注 $BTC
It plunged to 148.8 at one point after the open, down 14 points, then closed back at 166.2, down just over 4. The Nasdaq fell only 0.39% for the day. NVDAB on Binance is now at 167, higher than it was yesterday afternoon.
Now look at Bitcoin: down nearly 4% in 24 hours, sitting at 71,500 just above last night's low. No bounce.
That post at midnight said that when the AI pillar wobbles, Bitcoin wobbles too. That's only half right. Nvidia wobbled and recovered; Bitcoin hasn't.
You can't blame Nvidia for that. ETFs are seeing outflows every day, Saylor got kicked out of MSCI, Bitmine is going to stop buying, and demand from crypto investors is weak on its own. Jensen Huang just gave it a push.
Before the earnings report on the 17th, Bitcoin needs to find its own bottom first. I'll let you guys know as soon as I do. #黄仁勋辞任CEO，英伟达战略走向受关注 $BTC
