Black Monday
The Japanese NIKKEI index had its worst day in history, down 13.5% at one point and 25% off its highs.
Several Asian markets chose not to open.
Many parallels to 1987.
Fear Index VIX: above 50 for the first time since April 2020 (COVID crisis).
U.S. futures: nosediving, Nasdaq down 5.2% pre-market.
NVIDIA shares: down 12% pre-market.
Coinbase and MicroStrategy shares: down 18% pre-market.
BTC: dropped below 50k, nearly 20% down in a day.
$ETH : no comments needed.
Global markets are in chaos, with blood, panic, fear, and a lot of talk about a global margin call triggered by the Japanese trillion-dollar carry trade.
