Why are cryptocurrencies getting slaughtered in line with big speculative Tech stocks?

Because of the common ownership:

  • Are some of these folks pure short-term gamblers? Yes, a bit..
  • Are some of these folks clueless about the excessive valuations (i.e. exorbitant valuations)? Yes, a bit, but they think it doesn’t matter!
  • Are these investors facing fear and calls for liquidations? Yes, a LOT!

We call it “weak hands”

Why are cryptocurrencies getting slaughtered in line with big speculative Tech stocks?

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