AI Crypto Meltdown! Nvidia’s Shady Secret Exposed?! 😱

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Oh dear, looks like things are a bit pear-shaped in the world of crypto, isn’t it? 🙄

What to know, darling:

  • Those AI tokens, the ones everyone was faffing about with? Well, they’ve gone a bit belly up. Bittensor’s TAO and Render Network’s RNDR are both feeling rather poorly. Poor dears. 📉
  • Nvidia, oh Nvidia! Seems like someone’s having a little flutter on their shares going south. Could be a spot of hedging, darling, or something more sinister… 😈
  • Nvidia’s gone and decided to make AI supercomputers in the US. A significant shift? Or just a massive headache waiting to happen? 🤔

Tokens linked to artificial intelligence (AI) – you know, the things everyone’s been banging on about – haven’t been performing as brilliantly as one might have hoped. Turns out, the big crypto players are doing rather better. Someone’s feeling a bit left out, methinks. 😟

And then there’s Nvidia (NVDA), the chipmaker. Apparently, they’re building AI supercomputers in the U.S. Good for them, I suppose. Though I’m sure there will be some kind of drama along the way, there always is. 🙄

While bitcoin (BTC), the queen bee of the crypto world, managed to waltz up 0.6% to $85,500 (fancy that!), TAO took a tumble of 3.6% to $239, and RNDR was down 1.7% at $3.93. Honestly, it’s all so terribly complicated, isn’t it? 🤯 Other tokens, including FET, SEI and GRT lost 2%.

Nvidia’s short-dated put options are all the rage, apparently. Convex Value says there’s been some rather “notable activity.” Ooh, sounds a bit naughty, doesn’t it? 😈 All those options expiring on April 17, April 25, and May 2… It’s all terribly exciting, darling! Plus there was activity in the $60 put expiring on April 17 and $50 and $85 strike puts expiring on May 16.

Convex Value thinks all these out-of-the-money put options are rather unusual. An analyst said, “My bet would be [these are] protective plays.” Well, isn’t that just fascinating? 💅

Buying a put option is like buying insurance. A bit like insuring your new Jimmy Choos, really. Traders do it when they’re feeling a bit jittery about the market. You know, in case everything goes completely tits up. 😨

“Someone knows something,” says Merlin Capital on X. Cryptic, darling, very cryptic. Perhaps they’ve just had a premonition after one too many glasses of Chardonnay. 🥂

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2025-04-15 16:48