Highly speculative stocks are performing poorly.
In fact, they all peaked at the same time as BTC!
Look at $IGV, $ARKK, $ARKW, $IPO, $FFTY, etc.
It's just risk appetite.
Right now, investors don't have risk appetite.
Just look at the risk-on / risk-off charts.
Don't believe me about Bitcoin vs. $ARKW?
Take a look for yourself then...

Caleb Franzen
@CalebFranzen
11-27
Bitcoin hasn't diverged from the stock market.
Just look at the comparison between:
🟠 Bitcoin $BTCUSD
🔵 Ark Next Gen Internet $ARKW
They peaked at the exact same time and have consolidated together.
Bitcoin's selloff isn't a "Bitcoin problem"... it's a risk appetite problem.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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