Shares of GameStop (GME), the embattled görüntü game retailer turned memestock darling, plunged 25% on Thursday, more than erasing all the gains since the company earlier this week announced it will add bitcoin (BTC) as a treasury reserve asset. GME …

The market appears to be pricing in minimal expectations for these altcoins.

Options pricing on Deribit suggests BTC could swing by nearly $5K following the crypto summit, according to analysis by STS Digital

Binance open interest drops below 100,000 BTC, lowest level in over a year.

CME gaps — price disparities caused by the exchange’s weekend closure while spot markets trade around the clock — tend to historically act as magnets for bitcoin prices.

Overall crypto market capitalization fell 8% to $2.7 trillion, reversing all advances since Republican Donald Trump was elected U.S. president in early November.

Bitcoin’s stumble begs the question asked during the last bear market: Is there a point at which Michael Saylor would be forced to liquidate part of the company’s near-500,000 BTC stack?

The move higher was in line with a CoinDesk analysis on Tuesday, as a five-month low in a sentiment index and a large-scale liquidation event indicated assets were likely oversold and could see relief in the short term.

BTC hits three-month as Nasdaq futures point to continued risk aversion in stocks and the anti-risk Japanese yen strengthens against the U.S. dollar.

Futures activity hints at an influx of fresh shorts as Monday’s bearish marubozu candle points to more losses ahead.