Early trading session's showing some interesting moves today.
Bitcoin took a dip, and you can see the ripple effect hitting crypto-related stocks hard. One major US exchange platform saw its shares tumble 4% in premarket—classic correlation play when BTC struggles.
Meanwhile, silver's having a moment. The precious metal kept its momentum going from Friday's surge, thanks to supply constraints tightening up. Mining companies are catching that wave—Coeur Mining jumped 3% as traders pile into the silver story.
Vaccine manufacturers, on the other hand, are facing some selling pressure this morning.
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MidnightGenesis
· 12-01 18:00
On-chain data shows that this drop in Bitcoin is not simple, with a surge in outflows from the exchange, as if someone is quietly laying out a plan... It is worth noting that the silver mine contract has frequent changes, and several large transfers deployed in the middle of the night are quite interesting.
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OnchainDetective
· 12-01 18:00
btc has fallen again, the exchange stocks have been severely dragged down... but silver has risen this time, the Supply Chain bottleneck is indeed worth watching.
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TokenAlchemist
· 12-01 17:57
ngl the btc dip revealing correlation patterns that literally anyone with basic charting skills should've already priced in... but yeah trad finance retail never learns the inefficiency vectors lol
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MeaninglessGwei
· 12-01 17:55
When btc falls, the whole market plays with fire, a typical chain reaction haha.
Early trading session's showing some interesting moves today.
Bitcoin took a dip, and you can see the ripple effect hitting crypto-related stocks hard. One major US exchange platform saw its shares tumble 4% in premarket—classic correlation play when BTC struggles.
Meanwhile, silver's having a moment. The precious metal kept its momentum going from Friday's surge, thanks to supply constraints tightening up. Mining companies are catching that wave—Coeur Mining jumped 3% as traders pile into the silver story.
Vaccine manufacturers, on the other hand, are facing some selling pressure this morning.