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Crypto market suffers worst week since the FTX crash — short Coinbase as panic selling accelerates

The crypto market just suffered its worst week since the major FTX collapse, wiping out $390 billion in value. This panic was accelerated by news that the CEO of the biggest corporate bitcoin holder just sold off millions of dollars of his own company stock.

Idea

Crypto markets are in full panic mode, experiencing the steepest weekly drop in years due to a combination of macro pressures and insider selling. The CEO of MicroStrategy, often viewed as the ultimate crypto cheerleader, dumping $11 million of his own stock is a massive red flag for market confidence. With fear taking over and no clear catalyst to stop the bleeding, crypto-related stocks like Coinbase are likely to continue sliding lower.

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COINMSTRdaily#crypto#short#momentum

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