Goldman Sachs reports that the Nasdaq has breached a short-term momentum threshold used by Commodity Trading Advisors (CTAs), signaling potential mechanical selling. The S&P 500 is close to its own critical CTA threshold, which if broken, could trigger significant programmatic selling estimated up to $100 billion. CTAs sell based on price movements, not fundamentals, meaning a drop could accelerate further declines. This situation poses risks for equity markets and could indirectly impact crypto markets due to potential large-scale equity sell-offs.
SPX6900 has risen over 66% in the past week, driven primarily by retail investors while whales remain cautious. The memecoin broke out of an eight-month sideways trading range, signaling a bullish market structure with targets around $0.70 to $0.75. ...
Bitget CEO Gracy Chen expressed skepticism about Bitcoin's recent rise above $79,000, expecting a pullback to around $50,000 before increasing her holdings. She maintains a cautious investment approach focused on Bitcoin and S&P 500, with minimal exp...
Bitcoin traders are closely watching Federal Reserve Chair Kevin Warsh's first keynote at the Jackson Hole Symposium, recalling how Jerome Powell's 2022 speech caused a 6% drop in Bitcoin due to unexpected hawkish signals. Historical data shows 2022 ...
