$13 billion worth of BTC options contracts are set to expire tomorrow, the 26th, and BTC's price action over the next couple of days is likely heavily influenced by this. Notably, 78% of the call options are priced above $72,000. On the surface, it looks like there's a lot of long positions, but it actually feels like these bulls are stuck at those lofty levels. There's a high probability they'll expire worthless...$BTC
SK Hynix officially announced its listing date in the US today, aiming to hit the Nasdaq on July 10. Previously, yesterday afternoon, the company disclosed an IPO fundraising plan exceeding $29 billion. $SKHYNIX
Wow, I thought the party was over after the big drop in the Korean stock market yesterday, but today they pulled a serious recovery. Micron Technology is about to hit the Nasdaq soon, right? Several investment banks have raised their price targets for Micron, with JPMorgan boosting their target from $55 to $154. $MU
Ain't this supposed to be the best summer? What happened to the illusion of the golden age for humanity? Where's that Korean girl who made 5 years' salary and was celebrating on the streets of Seoul? Why did my entry signal the end of the golden age for humanity? $SKHYNIX
Elon's big rocket $SPCX Looks like we've started a major pullback since last night.. dropped from over 200 to just above 150. Yesterday, Musk took a hit that rivals a whole Buffett.
The KOSPI index in South Korea plummeted by 7%, with SK Hynix dropping 8.19% Can we catch the bottom, teacher???
The KOSPI index fell sharply by 7% to 8475 points in a single day, with SK Hynix and Samsung Electronics leading the decline, down 8.19% and 5.94% respectively. This crash comes after the index has experienced extreme volatility since late May, with multiple instances of daily gains exceeding 8% during that period.
The magnitude and speed of this drop starkly contrast the explosive rallies seen on trading days like May 21 and June 9. As a bellwether for South Korea's tech stocks and the memory chip cycle, the simultaneous sharp declines of SK Hynix and Samsung suggest that the market's optimistic sentiment towards the semiconductor industry’s short-term outlook may be rapidly reversing. Notably, the index has plummeted from an opening level of 8943 points on June 22 to its current position, indicating a concentrated release of selling pressure in the short term.
The most critical detail to note is that the current index level of 8475 points is significantly below the 8084 points reached after the 8% surge on June 9. This means that in just two weeks, the market not only retraced all gains but also fell below the starting point of the previous rally, suggesting that the capital structure or narrative logic that fueled the prior surge may have fundamentally weakened. $SKHYNIX
Let's clean up the US stocks, brothers! Remember Nokia? It's bouncing back this year. Now, with Jensen Huang calling the shots, Nokia has joined the NVIDIA ecosystem. They've just teamed up with Google too! Not focusing on phones but diving into AI is a solid move! $NOK
SK Hynix is terrifying, it just keeps pumping and never dumping, already surpassed Samsung to become the top company in Korea. A real chaebol... $SKHYNIX
Spain facing off against Cape Verde is a no-brainer; there's just no way they can lose, even with Spain's second string on the field. The talent gap is like a middle schooler playing soccer against a kindergarten kid. Some folks only see the hype around Cape Verde's 40-year-old keeper making a bunch of saves. But if you actually watched that match, it's clear Spain wasn't even trying to score! #世界杯 $BTC
It's wild, right? Nowadays, scrolling through TikTok, you see folks saying Koreans can't afford veggies or watermelons. Because land is scarce, everything's pricey...
But just imagine: if you were a Korean, witnessing your national team score its first win in this World Cup, you’d be pumped, celebrating like crazy, raising your arms in joy. Then, you check your phone and see the KOSPI index up 8%, with a whopping 300% rise this year! Lee Jae-myung just announced that Samsung and SK Hynix's surplus profits are gonna be shared with you. People in the host country are vibing to K-pop, binge-watching Netflix K-dramas, working four days, then enjoying a three-day weekend, ready for an impromptu trip with their passport in hand—most countries are visa-free. You wake up on the weekend and just fly to Japan for lunch. That’s the powerful allure of a bullish economic cycle; everyone believes tomorrow will be even better. $SAMSUNG $SKHYNIX