Four shocks in four days hit this market, and that is why Bitcoin is down 9.4 percent from the 4 November close. 📰
Coinspeaker lays out the week: on Monday 9 November reports of a probe involving Nvidia CEO Jensen Huang and stalled US Iran talks hit risk assets, and more than 1.15 billion dollars of crypto positions were liquidated, about 1.04 billion of them longs. 📊 On Wednesday 11 November MSCI said it will drop Strategy, the biggest corporate Bitcoin holder, from its stock indexes, and after the bell Nvidia fell 9 percent as its board weighed removing Huang. All week investors pulled money from US spot Bitcoin ETFs, about 1.88 billion dollars in the first eight trading days of November. My reading is that no single headline explains this drop, because four separate shocks stacked up and each one took out another layer of buyers.
Which shock matters most for the next move, Nvidia, MSCI, the ETFs, or the Fed? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #News
Coinspeaker lays out the week: on Monday 9 November reports of a probe involving Nvidia CEO Jensen Huang and stalled US Iran talks hit risk assets, and more than 1.15 billion dollars of crypto positions were liquidated, about 1.04 billion of them longs. 📊 On Wednesday 11 November MSCI said it will drop Strategy, the biggest corporate Bitcoin holder, from its stock indexes, and after the bell Nvidia fell 9 percent as its board weighed removing Huang. All week investors pulled money from US spot Bitcoin ETFs, about 1.88 billion dollars in the first eight trading days of November. My reading is that no single headline explains this drop, because four separate shocks stacked up and each one took out another layer of buyers.
Which shock matters most for the next move, Nvidia, MSCI, the ETFs, or the Fed? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #News
