WHY IS THE MARKET DUMPING? Bitcoin just dropped $1,500 in hours, while alts fell 5%-10%. Here’s why: 1️⃣ Nvidia Dump ● China accused Nvidia of violating anti-monopoly law. ● Nvidia tanked in pre-market → Nasdaq futures dumped. ● Crypto followed Nasdaq down. 2️⃣ Leverage Flush ● Bitcoin open interest hit new ath while price still 7% below ath. ● Too much leverage → whales flushed it out. ● $2 billion wiped from Bitcoin today = healthy reset. 3️⃣ Market De-Risking ● Fomc decision in 2 days. 25bps cut almost certain. ● But powell’s hawkish tone + CPI near 3% spooked markets. ● Derisking before bullish events is common. My Thoughts ● Nothing moves in a straight line. ● Big money is hunting better entries before Q4. ● Best move? Hodl and wait.
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