*WHY DID MARKET CRASH TODAY?*
Gold below $4,000. Bitcoin below $73,000. Everyone panicking.
But this was NOT a PAXG problem. This was MACRO.
5 Reasons:
*1. Nvidia CEO Resigned* - Nvidia fell 13%, Tech fell, BTC followed.
*2. Hot US Inflation* - CPI 0.4% vs 0.3% expected. Now 90% chance of Fed Rate Hike in December. Strong Dollar = Gold & BTC fall.
*3. $1.44B Left BTC ETFs* - 5 days straight outflows. BlackRock alone sold $269M.
*4. Strategy Kicked Out of MSCI* - Index funds must sell $2.8B of MSTR.
*5. $745M Liquidated* - $630M Longs wiped out. Cascade effect.
PAXG didn't fall because PAXG is bad. In fact PAXG got GOOD news - PAXGy is now live as collateral on Aave V4.
Gold fell because Dollar got strong.
Don't panic. Watch support:
PAXG: $3,820
BTC: $72,500
Are you *SELLING* or *BUYING*?
Comment *SELL* or *BUY*
#Bitcoin #PAXG #Gold #CryptoCrash #MarketCrash #WithCaptainHaleem #CaptainHaleem
Gold below $4,000. Bitcoin below $73,000. Everyone panicking.
But this was NOT a PAXG problem. This was MACRO.
5 Reasons:
*1. Nvidia CEO Resigned* - Nvidia fell 13%, Tech fell, BTC followed.
*2. Hot US Inflation* - CPI 0.4% vs 0.3% expected. Now 90% chance of Fed Rate Hike in December. Strong Dollar = Gold & BTC fall.
*3. $1.44B Left BTC ETFs* - 5 days straight outflows. BlackRock alone sold $269M.
*4. Strategy Kicked Out of MSCI* - Index funds must sell $2.8B of MSTR.
*5. $745M Liquidated* - $630M Longs wiped out. Cascade effect.
PAXG didn't fall because PAXG is bad. In fact PAXG got GOOD news - PAXGy is now live as collateral on Aave V4.
Gold fell because Dollar got strong.
Don't panic. Watch support:
PAXG: $3,820
BTC: $72,500
Are you *SELLING* or *BUYING*?
Comment *SELL* or *BUY*
#Bitcoin #PAXG #Gold #CryptoCrash #MarketCrash #WithCaptainHaleem #CaptainHaleem
