At current price levels, the CME futures will open halted limit down. Gamblers will not be happy as the underlying has no such mechanism. Putting futures on this ponzi scheme was the dumbest fucking thing Wall Street has ever done. $130 billion in lost market cap since the CME contract began trading 5 days ago.
This is the biggest one day loss for the year. Closing in on the rising 50 day. When the last major one day loss occurred in September - which was albeit smaller - Bitcoin fell a further -25% below the 50 day, meaning 7,500 now:
This is the biggest one day loss for the year. Closing in on the rising 50 day. When the last major one day loss occurred in September - which was albeit smaller - Bitcoin fell a further -25% below the 50 day, meaning 7,500 now:
Bitcoin Cash annihilated
Back in the real casino, Skynet desperately tried to save the Nasdaq uptrend, amid persistent selling in Big Cap Tech and semiconductors. It didn't work...
The S&P has gapped higher at the open every day this week only to give back its gains by the end of the day. Classic bear market action.
"Here comes the Santa rally"
