[CoinDesk] Bitcoin, crypto stocks caught in AI trade meltdown, but Wintermute trader sees 'glass half full'
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
Bitcoin and crypto-linked equities reversed their post-election rally as a selloff in AI stocks triggered a broader risk-off move, with roughly $1 billion in crypto liquidations recorded during the downturn. Crypto assets nonetheless held up better than AI names, a relative resilience a Wintermute trader characterized as a "glass half full" signal. The episode highlights how tightly digital assets are now trading alongside the AI theme that has driven equity markets. Traders will watch whether bitcoin can keep outperforming AI stocks and whether liquidation volumes subside as a gauge of whether the rotation is stabilizing.
Muhabbit's AI wrote this summary in its own words from Telegram's report. It can get details wrong, so check the source.
Named in this story
Bitcoin (BTC), AI stocks, Wintermute
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