Breaking: One of the most closely watched traders on Wall Street just dropped his newest trades
Ken Griffin manages $65B+ at Citadel
Interestingly, he sold streaming and e-commerce to buy into semiconductors
Top Buys:
TSMC $TSMC: Brand new $1.4B position
Micron $MU: Added $682M
Meta $META: Added $518M
Top Sells:
Netflix $NFLX: Fully exited ($643M gone)
ASML $ASML: Fully exited ($553M gone)
Amazon $AMZN: Cut by $1.6B
Nvidia $NVDA: Trimmed by $766M
BITCOIN CRASH BATTERS EL SALVADOR, IMPERILS IMF DEAL
Bitcoin’s plunge has slashed the value of El Salvador’s holdings by roughly $300 million, exposing the risks of President Bukele’s crypto bet and shaking the country’s debt markets.
Despite the losses, Bukele keeps buying Bitcoin, alarming investors and complicating talks over a $1.4 billion IMF loan. Credit risk has jumped, bonds have swung, and analysts warn that continued crypto purchases and delayed pension reforms could derail IMF support — a key pillar for El Salvador’s finances.
With major debt payments looming, Bukele’s Bitcoin gamble is now colliding head-on with the country’s fiscal stability.
@sssebi That wick has to be filled. There was a tone of orders that were accumulated over time that all got filled with that massive wick. Now there is nothing much to support price. It only make sense to trade ADA after it fills that wick and goes just a bit lower.
@great_martis It will be the same, but different 😉 while the trend line concept hurts my eyes, I do agree in principle. Perhaps this time we won’t see the aggressive capitulation candles we are used to from the past. Many buyers await this time since Bitcoin has become a bit more mainstream.
@tradetravelchil Successful trading comes from accepting what the market offers, and not by forcing your expectations onto it. Wishful thinking and assumptions are very dangerous.
@RealPabloHeman 99,xxx Pablo
Should the market persist with its current risk-off sentiment, it could potentially establish a lower high on the weekly chart, subsequently leading to a lower low in the summer.
@Tryrexcrypto Altcoins that bounce back after every sell-off are the ones with potential for a strong comeback. Those lacking volume post dips, likely won’t recover. Watch volume & resilience for smarter picks. Many good names are going to fade away this bear cycle.
@blockworks In error sure! Look for the highest pnl closed in crypto futures an hour post the leak and you will find the person responsible for the “error”
INCOMING U.S. HOUSE FINANCIAL SERVICES CHAIR HILL: WILL FOCUS ON EASING BANKING REGULATIONS, ADDRESSING CAPITAL FORMATION SO MORE COMPANIES GO PUBLIC AND TACKLING MARKET STRUCTURE FOR CRYPTO -CNBC INTERVIEW