Market Analysis - Bitcoin price experienced a $1,500 drop within hours, while altcoins fell by 5%-10% [1] - Nvidia is accused by China of violating anti-monopoly law, leading to a pre-market tank and subsequent Nasdaq futures dump, impacting crypto [1] - Bitcoin open interest reached a new all-time high (ATH) while the price remained 7% below its ATH, indicating excessive leverage [1] - A $2 billion wipeout from Bitcoin occurred, considered a healthy reset due to the leverage flush [1] Economic Factors - The FOMC decision is approaching in 2 days, with a 25bps rate cut almost certain [1] - Powell's hawkish tone and CPI near 3% have spooked markets, leading to de-risking before bullish events [1] Investment Strategy - Big money is seeking better entry points before Q4 [1] - Holding (HODL) and waiting is suggested as the best move [1]

China says a preliminary probe found that US chip giant Nvidia violated the country's anti-monopoly law https://t.co/fWHUjliRP7 ...