Sacramento_Max on Nostr: News doesn’t move (any) markets, sentiment and positioning does. Media likes to ...
News doesn’t move (any) markets, sentiment and positioning does. Media likes to assign a reason after the fact. Lots of leveraged long positions and stop losses were wiped out so a small dip became a big one by automated “sell at any price” selling. Occasional big surprises do move individual securities, but bitcoin is not a security.
Published at
2023-08-18 15:04:06Event JSON
{
"id": "27830d0ddcb2d046bd4fd03d7e1aeb6206e080fd780b2fc4e421f30668f110b4",
"pubkey": "d7a6568f88046de80ef236e055626b1dcad265bbdaba67afe07a0115d313c728",
"created_at": 1692371046,
"kind": 1,
"tags": [
[
"e",
"04b3b35975d2cf276c3dd7084d86c4e55384a196961df80e147d5dadc8e4e1f1"
],
[
"e",
"aec733f07686ff2ad93d521bb7ff04971f0217f4807e2f3857976bf924ceccb5"
],
[
"p",
"c49d52a573366792b9a6e4851587c28042fb24fa5625c6d67b8c95c8751aca15"
],
[
"p",
"46fcbe3065eaf1ae7811465924e48923363ff3f526bd6f73d7c184b16bd8ce4d"
]
],
"content": "News doesn’t move (any) markets, sentiment and positioning does. Media likes to assign a reason after the fact. Lots of leveraged long positions and stop losses were wiped out so a small dip became a big one by automated “sell at any price” selling. Occasional big surprises do move individual securities, but bitcoin is not a security.",
"sig": "320435f43f1ad4a21418c366d70b45f7336f7b978d3bcf248654e8b489bebc532207b01f2cd822be1f37fb7152962d966e63fc944461b38f834c29df9632996b"
}
