Oh dear, looks like things are a bit pear-shaped in the world of crypto, isn’t it? ๐
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. ๐
- 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… ๐
- Nvidia’s gone and decided to make AI supercomputers in the US. A significant shift? Or just a massive headache waiting to happen? ๐ค
Tokens linked to artificial intelligence (AI) โ you know, the things everyone’s been banging on about โ 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. ๐
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. ๐
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? ๐คฏ 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? ๐ 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? ๐
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. ๐จ
“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. ๐ฅ
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2025-04-15 16:48