Ark bought more Coinbase while everyone else sold.
Thursday's rout: Nasdaq closed down 5.5%, and Strategy and Coinbase shares each fell about 10% (The Block).
Ark Invest added to its Coinbase position into the plunge.
Nearly $1.1B in leveraged crypto was liquidated in 24h, ~$880M of it in four hours (CoinGlass).
Take: crypto equities are trading as high-beta tech right now, and $BTC is following the same tape. Wintermute flags $73,000 and $68,000 as the next levels if $76K gives way.
Who is right here: Ark buying the dip, or the market still de-risking? Does $BTC retest $73K before it reclaims $80K?
Not financial advice.
#Bitcoin #Coinbase #CryptoNews
Thursday's rout: Nasdaq closed down 5.5%, and Strategy and Coinbase shares each fell about 10% (The Block).
Ark Invest added to its Coinbase position into the plunge.
Nearly $1.1B in leveraged crypto was liquidated in 24h, ~$880M of it in four hours (CoinGlass).
Take: crypto equities are trading as high-beta tech right now, and $BTC is following the same tape. Wintermute flags $73,000 and $68,000 as the next levels if $76K gives way.
Who is right here: Ark buying the dip, or the market still de-risking? Does $BTC retest $73K before it reclaims $80K?
Not financial advice.
#Bitcoin #Coinbase #CryptoNews