Nvidia's stock price fell from 6% in the early morning to the current 2.77%, which is considered to have narrowed the pre-market decline. It seems that Nvidia's conference call after the financial report can still save market expectations.

However, it is basically certain that during the early morning decline of Nvidia, the crypto market, specifically #BTC☀ , did not fall, and did not produce a panic decline like the early morning of Wednesday. Does this mean that the explanation given in the previous Bloomberg article is wrong?

The decline of BTC is not due to the reduction of risky assets caused by nervousness about Nvidia, so we further confirm that it is basically a fierce game in the derivatives market.

Especially for the current stage of interest rate cuts, the game in the financial derivatives market is often more tragic than the investment target itself, especially at this major policy turning point, the bets are often too extreme. I believe that with the arrival of interest rate cuts, this game may be more intense before and after the interest rate cuts, and there may be huge "risks and speculation" in the calm market.

I remember there is a saying in traditional finance: We in finance never avoid risks, we manage risks!

This saying once became a wise saying for a period of time, but the result may be unsatisfactory.