$64,952.98
24h
-1.08%
15 Nov, 02:02
Bearish view on Bitcoin entering dangerous zone
Bearish+3.74%
AI Summary
The author warns of a broad market downturn driven by rising borrowing costs, geopolitical risks, and asset sell-offs, specifically highlighting crashes in AI stocks like Nvidia and declines in Bitcoin.
The market faces not only an AI bubble, a crash in Nvidia, and a decline in Bitcoin; stocks, bonds, gold, and cryptocurrencies all seem to be entering dangerous territory.
Japan and China are selling U.S. Treasuries, Chinese AI stocks have plummeted 50% (with the decline not yet over), tensions between the U.S. and Iran threaten energy supplies, Trump's midterm election losses, the fastest stock market evaporations in history, and Nvidia dropping 40% over several months.
These factors raise global borrowing costs, crush stocks, metals, real estate, and cryptocurrencies, and accelerate the bursting of the AI bubble, ultimately evolving into a crisis.
Worry is not a conclusion!