Bitcoin held up pretty well today in the face of massive stock market declines. This especially impressive when you consider the big spike we just had. I still believe we’re going to trend upward and close the gap between the recent high and current price, but traditional markets probably need to halt their collapse first.
What collapse? VIX is still below 20.
TSLA is not the market, thankfully.
I wouldn't opine about bitcoin linkage or a lack thereof.
In 2020, btc also levitated for a day or two before dropping tremendously in one day..it is almost that back then some stupid fund (or funds) just decided to put in a market sell with low liquidity.
Thankfully, "they" shut down Bitmex on that day, or bitcoin could have gone down much more into a cascading leverage "black hole".
Imho, after that episode they started to seriously pressure Bitmex and their irresponsible leverage setup.
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