BTC Defies Stock Market Collapse, Nvidia Loses $465 Billion
Bitcoin (BTC ) recovered over $102,000 after falling to $97,500 amid Monday's stock market crash caused by Nvidia's record-breaking market value loss.
Nvidia lost $465 billion and the Nasdaq sank 3%, yet Bitcoin rose over $5,000 from its lows.
Bitwise European Head of Research Andre Dragosch called Bitcoin 's price movement “extremely bullish,” citing its two-day outperformance versus the Nasdaq index. Dragosch said this pattern suggests BTC has little downside despite market uncertainties.
Stock volatility vs. crypto strength
DeepSeek's Janus-Pro-7B AI picture generator raised worries about U.S . AI domination. Nvidia shares fell 17%, joining tech and crypto sectors in the risk-off mood.
Short-Term Holders Leave as Futures Capitulate
The sell-off cost short-term Bitcoin investors over 21,000 BTC (worth $2.2 billion) when they moved currency to exchanges. This was the second-largest transfer of the month and showed concern among new investors who had bought at near -record $108,000 earlier in the year.
Short-term holders lose on Glassnode exchanges
The Chicago Mercantile Exchange (CME), a major institutional Bitcoin trading venue, reported a record reduction in open interest (OI) of $2.4 billion (17,000 BTC ).
Bitcoin Analysts Expect “Explosive Move ”
Despite the turmoil, experts are hopeful about Bitcoin . Keith Alan, Material Indicators co-founder, noticed good trade indications suggesting BTC is stabilizing before its “next explosive move .” Alan said, “Recovering the 21-Day Moving Average before the daily candle close was a positive sign,” adding that his patented analytics corroborate the bullish trend.
Fundstrat Research chairman Tom Lee dubbed Nvidia's fall a "overreaction" and a buying opportunity. “Markets don't like uncertainty, but this is a chance for investors,” Lee told CNBC. Pre-market trading has seen Nvidia shares rise 5% and Nasdaq futures rise 1%, suggesting a comeback.
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