Crypto
Bitcoin has crashed to $62,000 as a wave of long liquidations wipes billions off leveraged positions, with analysts pointing to momentum-chasers rotating into high-profile IPOs and AI names. The forced deleveraging creates potential for a short-term oversold bounce, but the rotation narrative suggests crypto could remain a source of funds as long as AI/IPO momentum holds.
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↓ SHORT-12% target+6% stop1-2 weeks
Fade the dead-cat bounce in COIN and MSTR — rotation out of crypto into AI/IPO names is a narrative with legs, and leveraged longs are still unwinding.