Why Everything Is Selling Off (Starting With Bitcoin)

In this emergency update, Andrei Jikh discusses the potential market correction signaled by the sell-off of AI stocks and Bitcoin. He explores theories behind this, dividing them into technical, macro, and psychological explanations. The technical analysis, influenced by Benjamin Cowen, focuses on Bitcoin's price patterns and the 50-week moving average. The macro perspective examines global liquidity changes, particularly Japan's rising interest rates and the Fed's ending of quantitative tightening. A third theory delves into the Bitcoin community's internal conflict over Bitcoin's purpose, while a fourth suggests Bitcoin is undergoing an "IPO moment" with early investors cashing out. Andrei shares his personal strategy of holding onto his Bitcoin and stocks, questioning whether the widespread knowledge of these theories will alter their validity.