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.