Nvidia's scandal just spilled into crypto: tokenized Nvidia perps slid after CEO Jensen Huang headlines (The Block).
Same session: BTC dipped to $73,510 before reclaiming $75,000, ETH touched $2,060, and about $1B was liquidated in 24h, mostly longs (CoinGlass).
Add US spot BTC ETF outflows of ~$412M on Friday and ~$1.28B for the week.
My take: crypto is trading as a leveraged AI-tech proxy right now. If Nvidia's board probe drags on, risk appetite stays fragile.
Which moves $BTC more this week: Nvidia headlines or the Fed? Not financial advice.
#Bitcoin #Nvidia #Liquidations $ETH
Same session: BTC dipped to $73,510 before reclaiming $75,000, ETH touched $2,060, and about $1B was liquidated in 24h, mostly longs (CoinGlass).
Add US spot BTC ETF outflows of ~$412M on Friday and ~$1.28B for the week.
My take: crypto is trading as a leveraged AI-tech proxy right now. If Nvidia's board probe drags on, risk appetite stays fragile.
Which moves $BTC more this week: Nvidia headlines or the Fed? Not financial advice.
#Bitcoin #Nvidia #Liquidations $ETH