Bitcoin has slipped just under the US Spot ETF Cost Basis, the average price the ETFs paid for their coins, at $81.5K. Below it lies the True Market Mean, the average cost basis of active investors, at $77.9K, and price has stayed above it through both October sweeps. The Short-Term Holder Cost Basis, the average price paid by newer buyers, is lower still at $75.8K. A daily close back above $81.5K would put the average ETF holder back in profit $BTC #BitcoinActiveSupplyInProfitDropsBelow45%
Nvidia officially enters the post-Jensen Huang era: Who will succeed him?
Nvidia officially enters the post-Jensen Huang era: Who will succeed him? On November 12, Nvidia announced that Jensen Huang had resigned as president, CEO, and director, effective immediately, ending his 33-year tenure at the helm The board appointed current CFO Colette Kress as interim CEO (while continuing as CFO) It also appointed Harvey C. Jones as the first chairman of the board in the company's history The search for a permanent CEO has begun, with both internal and external candidates under consideration Huang had previously been exposed for multiple extramarital affairs, prompting the board to launch an investigation The company has long lacked a clear succession plan. Huang himself once publicly said he did not believe in formal succession arrangements and hoped the next CEO would already be inside the company Several names are frequently mentioned as top contenders Colette Kress: Interim CEO, joined in 2013 and has been CFO for 13 years; she has extensive financial and operational experience and is well known to the market, but has a relatively weak technical background Ian Buck: Head of hyperscale and high-performance computing businesses and one of the key drivers behind CUDA; he has a strong technical pedigree and has repeatedly led on prediction markets such as Polymarket Rene Haas: Arm CEO, previously worked at Nvidia for about 7 years, with advantages in industry and customer relationships Tim Cook: Publicly recommended by Trump, who called it “a legend succeeding a legend,” but his age and current role are obstacles Other external names include AMD's Lisa Su and former Intel executives; co-founder Chris Malachowsky has also been mentioned, but is considered unlikely The board has clearly stated that it has not formally hired an executive search firm or formally approached any candidates The sudden end of the 33-year “one-man company” model means Nvidia must find someone capable of shouldering the responsibility across multiple dimensions, including technology, customers, Washington ties, and supply chains Honestly, it's hard to say who can truly fill the position Huang leaves behind, but I feel the chances of an outsider taking over are almost zero. My guess is that it will most likely be Ian Buck, after all, he's a hot favorite on prediction markets $NVDAB
Bitcoin is facing heavy selling after breaking the support zone. There are no signs of strength in the market yet, and volume is low because of the weekend $BTC
The bids at $80K on the Binance spot book refilled after the October 15 sweep. The October 24 sweep took them out again, and this time they have not returned. Only $3.4M in bids remains at $80K.
The bids have moved down to $78K-79K, where orders add up to about $42M, up from about $24M in mid-October. That is the largest block of bids near price, and the first place where we would expect buyers to step in on a dip. $BTC #BitcoinActiveSupplyInProfitDropsBelow45%
Bitcoin is currently trading near the support area, and the situation will likely remain the same. The price needs a solid upward candle to break the downtrend $BTC