Today's run-for-the-exits @ market close

Discussion in 'Crypto Assets' started by The_Krakenite, Aug 26, 2022.

  1. Was watching the S&P go to shit at work today... Now that the bear-market-rally ran out of steam... how now brown cow?

    Crypto is selling off in tandem... If equities keep dragging crypto down like this next week, I may be forced to find more avenues to buy even more :)


    Screen Shot 2022-08-26 at 8.17.28 PM.png


    Screen Shot 2022-08-26 at 8.14.21 PM.png

    May those who over-leveraged, pay through risk what is due... and drive those prices even lower!
     
    johnarb likes this.
  2. Overnight

    Overnight

    Makes one wonder why this happened with BTC, if it is an independent asset far and away from FIAT.
     
  3. If that were the case, then purchasing PUTs would be pretty silly when all you had to do was buy a bit of crypto. You'd be hedged, and have no time-to-expiration.
     
  4. Last

    Last

    My friend trades ethereum, one thing we noticed is that eth led the rest of the market on this rally, and it also led the way on the down turn.
     
  5. Sprout

    Sprout

    Clearly not the case today. While it's compelling narrative, we have yet to see BTC decouple from being a risk-on asset.
     
    johnarb likes this.
  6. maxinger

    maxinger

    Shit. Btc dropped so little
     
  7. Overnight

    Overnight

    Exactly! BTC coupled to NDX some time last year, and cannot shake it! Why is that @johnarb, I see you in this thread liking posts don't wait for the translation! Answer the question!

     
  8. johnarb

    johnarb

    Dude, are you not reading all my posts??

    Same investors are in Tech and growth stocks are in Bitcoin and cryptos. Degenz

    They get margin calls in the stock market and dump their valuable bitcoins and crypto assets to raise cash
     
    Sprout likes this.
  9. Overnight

    Overnight

    How can I read all of your posts, everywhere on this forum? I mean in this thread! You were liking posts but not commenting. :)
     
  10. deaddog

    deaddog

    Any data to back this up?
     
    #10     Aug 26, 2022
    george_the_second and johnarb like this.