Bitcoin, crypto stocks caught in AI trade meltdown, but Wintermute trader sees ‘glass half full’
AI summary
Bitcoin and crypto-related stocks were swept up in a broader selloff as AI equities plunged, reversing the post-election rally. Crypto held up relatively better than AI stocks despite a $1 billion liquidation wave. A Wintermute trader sees the glass half full, suggesting resilience, but the liquidation scale signals real near-term risk for leveraged traders.
