FOMO check: everyone is saying "buy the dip," but there are no buyers in either Nvidia or Bitcoin.
→ Nvidia down 6.3% at $167.5; down 31% from its Oct 6 peak ($243.37)
→ Bitcoin down 2.8% at $73,200, its lowest since August; down 42% from its 2025 peak
→ Nvidia's largest directional trade of the day: a ~$10.5M put buy
I think it's too early to call a "dip" while both FOMO leaders fall together. Worst case: if Nvidia breaks $160 and Bitcoin breaks $70,000, dip buyers go underwater too; I've noted the Nov 17 earnings.
#Crypto #Stocks
Watching: $NVDA $BTC
→ Nvidia down 6.3% at $167.5; down 31% from its Oct 6 peak ($243.37)
→ Bitcoin down 2.8% at $73,200, its lowest since August; down 42% from its 2025 peak
→ Nvidia's largest directional trade of the day: a ~$10.5M put buy
I think it's too early to call a "dip" while both FOMO leaders fall together. Worst case: if Nvidia breaks $160 and Bitcoin breaks $70,000, dip buyers go underwater too; I've noted the Nov 17 earnings.
#Crypto #Stocks
Watching: $NVDA $BTC
