$1B Worth Of Bitcoin Sold Off Ahead Of Nvidia Earnings Is 'Technical,' Analyst Says
Portfolio Pulse from Khyathi Dalal
Kelly Greer from Galaxy Digital attributes a $1 billion Bitcoin sell-off to technical factors and poor liquidity ahead of Nvidia's earnings. The sell-off involved over 17,000 BTC and is linked to slow distributions from custodians. Nvidia's earnings report could lead to significant stock price movements.
August 28, 2024 | 1:58 pm
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POSITIVE IMPACT
Nvidia's upcoming earnings report is causing market speculation, with potential for significant stock price movement. Past earnings have led to varied stock performance, and current market positioning suggests asymmetric outcomes.
Nvidia's earnings report is a key event, with past reports leading to significant stock price changes. Current market positioning and expectations suggest potential for a positive outcome.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80