Bitcoin stands at $81,568 on Friday morning, around 1.5 percent lower than 24 hours earlier. The trigger did not come from the blockchain but from Wall Street: the Nasdaq closed 2.6 percent lower on Thursday after Tesla cut its spending forecast and doubts about the large investments in data centres returned. Overnight the price slipped to $80,989, and derivatives exchanges forcibly closed leveraged long positions worth several hundred million dollars.
On a morning like this, the percentage figure matters less than the question of where your own risk sits. This article places the night in context, explains the mechanism behind the liquidation wave, names the levels of the day with reasons, and shows what an investor in Germany can settle today: on leverage, on the holding period, on the buying route.
Overnight on the markets: Nasdaq down 2.6 percent, Bitcoin at $80,989
The move began on the equity markets. The Nasdaq lost 2.6 percent on Thursday, and Nasdaq 100 futures gave up a further 1.1 percent. The impulse came from Tesla's lowered spending forecast, which the market read as a signal for the entire investment wave in data...
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