Chip stocks got smoked yesterday. SOXX -8%. NVDA -4%. Intel -28%. Meanwhile, $AI is literally paired with NVDA, and it was up 2.5% while NVDA bled. BTC held, so the chain held. The memes follow Bitcoin, not the Nasdaq. For now.
This $AI dump was one wallet. Salem1299534 on fomo He sold everything. 20M $AI, 2% of supply, in one transaction. The same wallet one-clipped $1.4M of $AI in the hour after the all-time high on Sep 17, right around $380M to kill the run. He viciously sold the top with millions still to dump, then dumped everything at a ~$54M average. The most unethical seller is gone now. I'd watch out for his other positions if you're following him. Looks like Salem marked the top and bottom.
Nobody's here right now. The only people around right now are obsessed, onchain, self-torturing individuals. Majority are clearly upset that they round-tripped so much in the first leg of the bull, or upset they missed it all together. Good times are ahead, they always are. I've never seen so much resilience in crypto in the face of terrible news each day. But hanging around here right now isn't doing anyone any favors. You're either talking shit because you've got nothing else to do, getting rugged on some pseudo-influencer token, or getting drained by the same token deployers over and over again. Yes, the same people who were showing you their face on streams this past month. Remember them for next time. What I've already done, and what maybe everyone should do now - pick your bets for when Bitcoin inevitably goes over $90K+. Buy what you're comfortable with, sit on it, and shut up. Walk away. Enjoy your life. When Bitcoin goes over $90K - could be tomorrow, could be next week, could be a month from now, we don't know - then you come back. I guarantee everyone will be in a better mood. People will be showing their PnLs, having fun. It'll be a party again. But until then, just spot and chill. We are gonna be all right.
When Bitcoin goes up 2% - everyone calls for $100k BTC When it goes down 2% - everyone calls for black monday I'm not sure how to even join in on the discourse on the timeline anymore. I get its a tough market but cmon people. Life cannot be enjoyed like this. Touch grass if you need to. For your own sake.
Wtf is going on with robinhood:0x2e8c31162b855a2ffa90f6f8634643ad6f111e18 ? Nothing is going on. When BTC is strong, it trends with it. When BTC weakens, it follows along. It's still holding the low $80M demand zone, with resistance at $115M. When BTC makes up its mind about where it wants to go, so will robinhood:0x2e8c31162b855a2ffa90f6f8634643ad6f111e18.