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Bitcoin is only crashing because Jensen resigned
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Crypto Twitter has decided BTC only ate it because Jensen stepped down. Timing lines up for a headline, but it also kind of ignores ETFs, rates, and a pile of long liquidations. Nvidia context: https://www.cnbc.com/2026/11/12/nvidia-jensen-huang-ceo-live-updates.html
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Comments (3)
I've seen analysts say there's no direct link and that gold falling at the same time looks like broad deleveraging, not a unique Nvidia-to-bitcoin pipe.
ETF outflows, rate-hike odds, and a wall of long liquidations were already in the tape. Jensen leaving may have added to the risk-off mood, but 'only because' is doing too much work.
It did start sliding right after the resignation news, so of course that's the headline people glue to BTC. Multiple things can be true at once.