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Mib1515
2024-06-28
Win prize again haha come join us
Mib1515
2024-06-28
Nice
@TigerEvents:[10th Anniv] Discover exciting features & win a US$1,010 reward!
Mib1515
2024-01-13
Game time for tiger
Mib1515
2024-01-13
Ending soon the game
Mib1515
2024-01-12
Let me win something
Mib1515
2024-01-10
Let's go again to win
Mib1515
2024-01-10
Good luck all trader
Mib1515
2024-01-09
Game is on and we have a lot
Mib1515
2024-01-08
Soon ending the game to play more
Mib1515
2024-01-07
Pray to win some prize
Mib1515
2024-01-06
Game time again to play
Mib1515
2024-01-05
Win something and get the money
Mib1515
2024-01-04
Try to win again for the event
Mib1515
2024-01-03
Start for Jan battle again !
Mib1515
2024-01-03
Good job on Dec 2023
Mib1515
2024-01-03
Nice
Is Rivian Stock a Buy After Tuesday's Big Drop?
Mib1515
2024-01-02
Game is on and we have the game
Mib1515
2024-01-02
Let win something together
Mib1515
2024-01-01
Day 1 2024 ahead Hahaha that's the best
Mib1515
2023-12-31
Welcome 2024 today haha
Go to Tiger App to see more news
Invest in Global Markets with Tiger Brokers!
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!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/259062879506728","isVote":1,"tweetType":1,"viewCount":308,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":259062446329872,"gmtCreate":1704260236867,"gmtModify":1704260241186,"author":{"id":"3579210010472476","authorId":"3579210010472476","name":"Mib1515","avatar":"https://static.tigerbbs.com/c0b85730abdbda4c69ac70cb9d1f58cb","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3579210010472476","authorIdStr":"3579210010472476"},"themes":[],"htmlText":"Good job on Dec 2023","listText":"Good job on Dec 2023","text":"Good job on Dec 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13:32","market":"us","language":"en","title":"Is Rivian Stock a Buy After Tuesday's Big Drop?","url":"https://stock-news.laohu8.com/highlight/detail?id=2400486023","media":"Motley Fool","summary":"Rivian's manufacturing operations are humming. The question is whether its cash will last.","content":"<html><head></head><body><ul style=\"\"><li><p>Rivian beat expectations with 57,000 EVs produced in 2023.</p></li><li><p>The company's cash position is strong -- but steadily declining.</p></li><li><p>Its path to becoming cash-flow positive will drive the stock going forward.</p></li></ul><p>2024 wasn't off to a great start for <a href=\"https://laohu8.com/S/RIVN\">Rivian Automotive </a> shareholders. Rivian shares were down by 10.06% on Tuesday.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5942dc27fb38221ebd8e7cc12ee8b905\" tg-width=\"784\" tg-height=\"627\"/></p><p>The twist is that the sell-off came after the company released some positive production and delivery data. But the stock had soared by more than 40% in December, giving some investors reason to want to sell the stock and lock in profits on the first trading day of 2024.</p><h2 id=\"id_3724843346\">Production keeps ramping higher</h2><p>The big news was Rivian's fourth-quarter and full-year vehicle delivery results. The company meaningfully surpassed its most recent prediction for 2023 deliveries. Just two months ago, it boosted its 2023 guidance for production of about 54,000 electric vehicles (EVs). It ended up making more than 57,000 EVs and delivering just over 50,000.</p><p>That makes Rivian one of the few EV makers that has consistently raised and beat production estimates for 2023. So why did the stock tank today?</p><p>It's likely because of the stock's massive surge in December as investors apparently expected Rivian to impress with its fourth-quarter production. So that begs the question -- is today's drop a buying opportunity?</p><h2 id=\"id_1104210946\">Keep an eye on cash</h2><p>While Rivian's manufacturing ramp up has been impressive, it continues to bleed cash. The company reported a net loss of more than $1.3 billion in the third quarter. It spent nearly $900 million on third-quarter operating activities. That's what potential investors should pay attention to going forward.</p><p>As Rivian continues to scale up its manufacturing operations, it should stem those losses. But how the stock performs will depend on how quickly it can do that. Rivian has done a fine job in raising capital for its start-up operations. But its cash position has been steadily declining.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7118c1e4272a41c27c50ac731ed2747b\" tg-width=\"700\" tg-height=\"509\"/></p><p>Data source: Rivian Automotive. Chart by author.</p><p>Those interested in the stock should mark Feb. 21 on their calendars. That's when the company will release its full quarterly report. That will include its cash position as of Dec. 31.</p><p>If its operational performance continues to slow its pace of losses, Rivian could become cash-flow positive before its cash balance gets too low. That's the metric to watch.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Rivian Stock a Buy After Tuesday's Big Drop?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Rivian Stock a Buy After Tuesday's Big Drop?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-03 13:32 GMT+8 <a href=https://www.fool.com/investing/2024/01/02/is-rivian-stock-a-buy-after-todays-big-drop/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Rivian beat expectations with 57,000 EVs produced in 2023.The company's cash position is strong -- but steadily declining.Its path to becoming cash-flow positive will drive the stock going ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/01/02/is-rivian-stock-a-buy-after-todays-big-drop/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc."},"source_url":"https://www.fool.com/investing/2024/01/02/is-rivian-stock-a-buy-after-todays-big-drop/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2400486023","content_text":"Rivian beat expectations with 57,000 EVs produced in 2023.The company's cash position is strong -- but steadily declining.Its path to becoming cash-flow positive will drive the stock going forward.2024 wasn't off to a great start for Rivian Automotive shareholders. Rivian shares were down by 10.06% on Tuesday.The twist is that the sell-off came after the company released some positive production and delivery data. But the stock had soared by more than 40% in December, giving some investors reason to want to sell the stock and lock in profits on the first trading day of 2024.Production keeps ramping higherThe big news was Rivian's fourth-quarter and full-year vehicle delivery results. The company meaningfully surpassed its most recent prediction for 2023 deliveries. Just two months ago, it boosted its 2023 guidance for production of about 54,000 electric vehicles (EVs). It ended up making more than 57,000 EVs and delivering just over 50,000.That makes Rivian one of the few EV makers that has consistently raised and beat production estimates for 2023. So why did the stock tank today?It's likely because of the stock's massive surge in December as investors apparently expected Rivian to impress with its fourth-quarter production. So that begs the question -- is today's drop a buying opportunity?Keep an eye on cashWhile Rivian's manufacturing ramp up has been impressive, it continues to bleed cash. The company reported a net loss of more than $1.3 billion in the third quarter. It spent nearly $900 million on third-quarter operating activities. That's what potential investors should pay attention to going forward.As Rivian continues to scale up its manufacturing operations, it should stem those losses. But how the stock performs will depend on how quickly it can do that. Rivian has done a fine job in raising capital for its start-up operations. But its cash position has been steadily declining.Data source: Rivian Automotive. Chart by author.Those interested in the stock should mark Feb. 21 on their calendars. That's when the company will release its full quarterly report. That will include its cash position as of Dec. 31.If its operational performance continues to slow its pace of losses, Rivian could become cash-flow positive before its cash balance gets too low. That's the metric to watch.","news_type":1},"isVote":1,"tweetType":1,"viewCount":451,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":258775943491856,"gmtCreate":1704211622487,"gmtModify":1704211626527,"author":{"id":"3579210010472476","authorId":"3579210010472476","name":"Mib1515","avatar":"https://static.tigerbbs.com/c0b85730abdbda4c69ac70cb9d1f58cb","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3579210010472476","authorIdStr":"3579210010472476"},"themes":[],"htmlText":"Game is on and we have the game ","listText":"Game is on and we have the game ","text":"Game is on and we have the game","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/258775943491856","isVote":1,"tweetType":1,"viewCount":402,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":258569142673472,"gmtCreate":1704161116793,"gmtModify":1704161120897,"author":{"id":"3579210010472476","authorId":"3579210010472476","name":"Mib1515","avatar":"https://static.tigerbbs.com/c0b85730abdbda4c69ac70cb9d1f58cb","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3579210010472476","authorIdStr":"3579210010472476"},"themes":[],"htmlText":"Let win something together ","listText":"Let win something together ","text":"Let win something together","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/258569142673472","isVote":1,"tweetType":1,"viewCount":191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":258288003006512,"gmtCreate":1704092585454,"gmtModify":1704092589687,"author":{"id":"3579210010472476","authorId":"3579210010472476","name":"Mib1515","avatar":"https://static.tigerbbs.com/c0b85730abdbda4c69ac70cb9d1f58cb","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3579210010472476","authorIdStr":"3579210010472476"},"themes":[],"htmlText":"Day 1 2024 ahead Hahaha that's the best ","listText":"Day 1 2024 ahead Hahaha that's the best ","text":"Day 1 2024 ahead Hahaha that's the best","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/258288003006512","isVote":1,"tweetType":1,"viewCount":387,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":258071865839808,"gmtCreate":1704039723676,"gmtModify":1704039727461,"author":{"id":"3579210010472476","authorId":"3579210010472476","name":"Mib1515","avatar":"https://static.tigerbbs.com/c0b85730abdbda4c69ac70cb9d1f58cb","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3579210010472476","authorIdStr":"3579210010472476"},"themes":[],"htmlText":"Welcome 2024 today haha ","listText":"Welcome 2024 today haha ","text":"Welcome 2024 today haha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/258071865839808","isVote":1,"tweetType":1,"viewCount":486,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":102940658,"gmtCreate":1620174802574,"gmtModify":1704339673760,"author":{"id":"3579210010472476","authorId":"3579210010472476","name":"Mib1515","avatar":"https://static.tigerbbs.com/c0b85730abdbda4c69ac70cb9d1f58cb","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3579210010472476","authorIdStr":"3579210010472476"},"themes":[],"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":7,"repostSize":0,"link":"https://ttm.financial/post/102940658","repostId":"2133496615","repostType":4,"isVote":1,"tweetType":1,"viewCount":679,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3554958921608603","authorId":"3554958921608603","name":"AS78","avatar":"https://community-static.tradeup.com/news/d392d10a42f496e319268418e7602694","crmLevel":6,"crmLevelSwitch":1,"idStr":"3554958921608603","authorIdStr":"3554958921608603"},"content":"Done. 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07:52","market":"other","language":"en","title":"\"Bear-Market Blues\" Test Mettle of Most Devout Bitcoin Holders","url":"https://stock-news.laohu8.com/highlight/detail?id=1104263987","media":"Bloomberg","summary":"Latest leg down sends long-term owners into the red, UBS saysIt does feel like there’s more downside","content":"<html><head></head><body><ul><li>Latest leg down sends long-term owners into the red, UBS says</li><li>It does feel like there’s more downside to come, says Cincotta</li></ul><p>With Bitcoin caught in the throes of its worst slide in years, analysts are wading through any number of indicators to see at what point even more investors might start to throw in the towel.</p><p>Bitcoin, down as much as 17%, fell to as low as $22,603 on Monday, putting it squarely below the average investor cost base of $23,500, according to UBS. That means prices have declined enough to test even long-term holders, who up until now in the 2022 drawdown were largely in the green with their investments.</p><p>“Bear-market blues have set in among even the most ardent crypto proponents,” said James Malcolm, head of foreign exchange and crypto research at UBS. “Capitulation can come in many forms. Equally, relief too as we are now in full-blown panic mode, and the bar for a hawkish Fed this week is pretty high.”</p><p><img src=\"https://static.tigerbbs.com/d2ad582a8917c3abdea0002dd8ae493e\" tg-width=\"600\" tg-height=\"517\" referrerpolicy=\"no-referrer\"/>One way this could snowball is if miners, whose businesses have been under “significant pressure” due to high energy costs and capex commitments, start capitulating to sell down their holdings of existing coins, he said. Their sales last month coincided with a lurch lower, for instance. “There is little positive news to offset such concerns,” Malcolm said.</p><p>A 17% plunge in Bitcoin at the start of the weekbrought it downto its lowest level since the end of 2020. Other cryptocurrencies were also in the gutter: the MVIS CryptoCompare Digital Assets 100 Index, which measures 100 of the top tokens, dropped as much as 17%, also its lowest point since December 2020.</p><p>Meanwhile, the ProShares Bitcoin Strategy ETF (ticker BITO) and the Valkyrie Bitcoin Strategy ETF (BTF) each lost as much as 20%, the most since their inceptions at the end of 2021. Shares of <a href=\"https://laohu8.com/S/MSTR\">MicroStrategy Inc.</a> fell more than 25%.</p><p><img src=\"https://static.tigerbbs.com/604f46937707b7f76b49323b9551d2e7\" tg-width=\"600\" tg-height=\"529\" referrerpolicy=\"no-referrer\"/>Partly, digital-asset investors have been spooked by crypto-lender Celsius Network Ltd. pausing withdrawals, swaps and transfers, though the broader market remains under pressure after an inflation print came in hotter-than-expected last week, meaning that the Federal Reserve will have to be aggressive in its attempts to cool rising prices.</p><p>“It does feel like there is more downside to come,” Fiona Cincotta, senior financial markets analyst at City Index, said in an interview. “Down to $20,000 is something that we should be watching for.”</p><p><img src=\"https://static.tigerbbs.com/5ac961672ef47e4ecb04e4af8c816cca\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"/>Market-watchers have been obsessed with figuring out who is getting hurt during this year’s drawdown. Many retail investors and institutions had gotten in just over the past year or two. But, with Monday’s slide, Bitcoin has wiped out all its gains over the past year and is now hovering around December 2020 levels.</p><p>The number of anonymous Bitcoin addresses in the money, meaning those that acquired their holdings at prices below today’s, has reached lows not seen since March 2020, which analysts at Bequant say points to “capitulation.” Elsewhere, strategists at Glassnode say the $20,560 to $23,600 span is where the market might see a “full-scale capitulation scenario.”</p><p>Steve Sosnick, chief strategist at Interactive Brokers LLC, is watching the $20,000-$21,000 range because MicroStrategy, a large Bitcoin holder, might have to offload some of its coins at that point. “We’ve taken out many of the prior support levels that we would have established since the run-up in late 2020,” he said in an interview. “When there’s this idea of a looming potential margin-call driven seller out there, yeah, the low $20,000, that’s a real line in the sand.”</p><p>Bitcoin hit a high of $19,041 in December 2017, its last cycle. Matt Maley, chief market strategist for Miller Tabak + Co., says that level will be important to watch. It forms the “old” resistance level, which makes it a new key support. “When it broke above that resistance level in 2020, it skyrocketed higher. So it needs to hold that level on this decline,” he said.</p><p>UBS’s Malcolm points to a number of hacks and outages, as well as regulators getting more serious about the crypto space. “None of this is to argue that crypto is going to slide into oblivion,” he said. “Yet what it does point to is how the future will look very different. Players will have to embrace regulation and collaborate with existing financial service providers.”</p><p>Chiente Hsu, co-founder and CEO at ALEX, a DeFi platform, strikes a hopeful note.</p><p>“Crypto is a high-volatility sector. So we feel the ups and downs much more,” she said. “There will be projects gone, for sure, but crypto won’t cause systemic risk.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>\"Bear-Market Blues\" Test Mettle of Most Devout Bitcoin Holders</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n\"Bear-Market Blues\" Test Mettle of Most Devout Bitcoin Holders\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-14 07:52 GMT+8 <a href=https://www.bloomberg.com/news/articles/2022-06-13/-bear-market-blues-tests-mettle-of-most-devout-bitcoin-holders?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Latest leg down sends long-term owners into the red, UBS saysIt does feel like there’s more downside to come, says CincottaWith Bitcoin caught in the throes of its worst slide in years, analysts are ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-06-13/-bear-market-blues-tests-mettle-of-most-devout-bitcoin-holders?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BITO":"ProShares Bitcoin ETF","BTF":"Valkyrie Bitcoin Strategy ETF","MSTR":"Strategy"},"source_url":"https://www.bloomberg.com/news/articles/2022-06-13/-bear-market-blues-tests-mettle-of-most-devout-bitcoin-holders?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104263987","content_text":"Latest leg down sends long-term owners into the red, UBS saysIt does feel like there’s more downside to come, says CincottaWith Bitcoin caught in the throes of its worst slide in years, analysts are wading through any number of indicators to see at what point even more investors might start to throw in the towel.Bitcoin, down as much as 17%, fell to as low as $22,603 on Monday, putting it squarely below the average investor cost base of $23,500, according to UBS. That means prices have declined enough to test even long-term holders, who up until now in the 2022 drawdown were largely in the green with their investments.“Bear-market blues have set in among even the most ardent crypto proponents,” said James Malcolm, head of foreign exchange and crypto research at UBS. “Capitulation can come in many forms. Equally, relief too as we are now in full-blown panic mode, and the bar for a hawkish Fed this week is pretty high.”One way this could snowball is if miners, whose businesses have been under “significant pressure” due to high energy costs and capex commitments, start capitulating to sell down their holdings of existing coins, he said. Their sales last month coincided with a lurch lower, for instance. “There is little positive news to offset such concerns,” Malcolm said.A 17% plunge in Bitcoin at the start of the weekbrought it downto its lowest level since the end of 2020. Other cryptocurrencies were also in the gutter: the MVIS CryptoCompare Digital Assets 100 Index, which measures 100 of the top tokens, dropped as much as 17%, also its lowest point since December 2020.Meanwhile, the ProShares Bitcoin Strategy ETF (ticker BITO) and the Valkyrie Bitcoin Strategy ETF (BTF) each lost as much as 20%, the most since their inceptions at the end of 2021. Shares of MicroStrategy Inc. fell more than 25%.Partly, digital-asset investors have been spooked by crypto-lender Celsius Network Ltd. pausing withdrawals, swaps and transfers, though the broader market remains under pressure after an inflation print came in hotter-than-expected last week, meaning that the Federal Reserve will have to be aggressive in its attempts to cool rising prices.“It does feel like there is more downside to come,” Fiona Cincotta, senior financial markets analyst at City Index, said in an interview. “Down to $20,000 is something that we should be watching for.”Market-watchers have been obsessed with figuring out who is getting hurt during this year’s drawdown. Many retail investors and institutions had gotten in just over the past year or two. But, with Monday’s slide, Bitcoin has wiped out all its gains over the past year and is now hovering around December 2020 levels.The number of anonymous Bitcoin addresses in the money, meaning those that acquired their holdings at prices below today’s, has reached lows not seen since March 2020, which analysts at Bequant say points to “capitulation.” Elsewhere, strategists at Glassnode say the $20,560 to $23,600 span is where the market might see a “full-scale capitulation scenario.”Steve Sosnick, chief strategist at Interactive Brokers LLC, is watching the $20,000-$21,000 range because MicroStrategy, a large Bitcoin holder, might have to offload some of its coins at that point. “We’ve taken out many of the prior support levels that we would have established since the run-up in late 2020,” he said in an interview. “When there’s this idea of a looming potential margin-call driven seller out there, yeah, the low $20,000, that’s a real line in the sand.”Bitcoin hit a high of $19,041 in December 2017, its last cycle. Matt Maley, chief market strategist for Miller Tabak + Co., says that level will be important to watch. It forms the “old” resistance level, which makes it a new key support. “When it broke above that resistance level in 2020, it skyrocketed higher. So it needs to hold that level on this decline,” he said.UBS’s Malcolm points to a number of hacks and outages, as well as regulators getting more serious about the crypto space. “None of this is to argue that crypto is going to slide into oblivion,” he said. “Yet what it does point to is how the future will look very different. Players will have to embrace regulation and collaborate with existing financial service providers.”Chiente Hsu, co-founder and CEO at ALEX, a DeFi platform, strikes a hopeful note.“Crypto is a high-volatility sector. So we feel the ups and downs much more,” she said. “There will be projects gone, for sure, but crypto won’t cause systemic risk.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":469,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}