Shares of CoreWeave (CRWV) dropped by more than 10% after the company released its earnings report. Although the earnings were solid, the company’s guidance was weaker than expected, causing the stock price to fall. Investors had hoped for a strong report to maintain the momentum seen in AI chip stocks, but that did not happen. The main issues for CRWV included a slight decrease in profit margins and a lack of energy supply. Some data centers have stopped operations due to insufficient power in the grid, which may lead to a reassessment of chip stocks. This energy shortage is likely to continue, as it will take years to develop nuclear power options.

Trading Levels of Interest

For short-term trading, the $85 level is significant, as it was a key low on August 20th and September 5th, 2025. If the price drops to this level, a quick rebound could occur. For swing trading, the focus is on the $60.75 level, which is the pivot high from April 2nd, 2025, and a breakout point on May 13th, 2025. A bounce is expected here over several weeks. Long-term investments in CRWV are currently on hold until the stock reaches new lows and shows a strong reversal. Weak guidance from CoreWeave highlights a major risk: the energy bottleneck for AI. The real issue is not the demand for chips but the lack of power to run data centers, as pointed out in last year’s energy agency reports. This situation suggests that the entire semiconductor and data center sector may need to be reassessed in the upcoming weeks.

Strategy Amid Energy Concerns

We are considering buying put options on a range of AI-related stocks, likely through an ETF like the SMH. The news from CoreWeave has created fear, raising implied volatility across the sector. A sharp decline could still make these positions quite profitable. This strategy bets that the power-grid issue will affect the entire sector, not just CRWV. For short-term trading, we view the $85 level on CRWV as a crucial support zone, given its prior importance in August and September. Instead of purchasing shares, we could sell out-of-the-money put spreads that expire in a few weeks. This allows us to profit if the stock stays above this key level, benefiting from both a potential bounce and the decline of high option premiums. For multi-week swing trades, the $60.75 level is also significant, as it was a major breakout point in May 2025. If sector weakness drives CRWV down to this level, we would consider buying call debit spreads set for early 2026. This approach limits our risk while offering substantial upside if this previous resistance turns into strong support. Beyond this one stock, we expect to see increased market-wide volatility as investors question high valuations across the tech sector, which have surged since the bull run of 2024. Reflecting on the market turbulence of 2022, the VIX consistently traded above 25, a level we haven’t seen in a while. We should prepare for a return to higher volatility, making it appealing to sell options on broader indices. Create your live VT Markets account and start trading now.

here to set up a live account on VT Markets now

VanEck Gold Miners ETF Performance

The VanEck Gold Miners ETF (GDX) performed well, gaining 7% over five days. It has remained strong above its 200-day moving average since January and boasts a 94% annual gain. GDX aims for a target of $82 by the end of November. The ARK Innovation ETF (ARKK) has a yearly gain of 55%, but recently experienced a dip, trading just below an RSI of 50. However, it has strong support near the $79 mark, suggesting it could return to around $93 by early December. The iShares MSCI South Korea ETF (EWY) reported a 61% annual gain, mainly due to its focus on technology and a significant investment in Samsung Electronics, which comprises 23% of the fund. Its strong technical momentum indicates a potential climb above $101 by the end of December.

Strategies For Current Market Trends

Given the strong rebound in the S&P 500 Growth ETF (SPYG), we recommend buying call options or selling out-of-the-money put spreads. This quick recovery follows last week’s CPI report, which showed core inflation for October 2025 at 2.8%, reinforcing confidence that the Federal Reserve will pause any rate changes. This trend is similar to the rapid V-shaped recoveries seen in 2023, where any dip quickly attracted buyers. The VXX indicates that market fear is decreasing, making it a good short candidate. The VIX index closed below 13 yesterday, a level it hasn’t consistently seen since before the 2020 pandemic, which points to general market complacency. Selling call spreads with a strike at or above the $35 resistance level presents a high-probability opportunity to profit from the continuing downturn and the instrument’s natural decay. We should consider adding bullish positions in gold miners (GDX) as they continue to excel. This strength is driven by a weakening U.S. Dollar Index (DXY), which fell below 102 last week, making gold more appealing. Buying call options targeting the $82 strike for late November or selling puts around the $73 support level are solid strategies to leverage the ongoing momentum. For the ARK Innovation ETF (ARKK), the recent dip appears to be a consolidation phase before the next upward movement. Despite the recent price drop, net inflows of over $150 million last week show that long-term investors are buying into this pullback. Selling put spreads below the $79 support level allows us to benefit while we wait for the fund to establish a new base to move back toward its highs. The South Korea ETF (EWY) is a strong way to invest in global tech growth beyond the usual brands. The rally is backed by recent trade data from October 2025, which showed a 15% year-over-year rise in South Korean semiconductor exports. We should take advantage of any small pullback to buy call options, aiming for a return to the $101 highs by December. Create your live VT Markets account and start trading now.

here to set up a live account on VT Markets now

In the US, confidence increased after the Senate approved a short-term funding bill with a vote of 60-40. This bill now needs the House of Representatives’ approval to reopen the government.

Market Indicators and Analysis

With no major economic news, traders focused on other data. The NFIB Small Business Optimism Index fell to 98.2 in October, though it remained above its long-term average. Meanwhile, the Uncertainty Index hit its lowest level this year. The UK jobs report showed a 5% unemployment rate in September, which was higher than what the Bank of England (BoE) expected for the second straight month. This increase has raised expectations for BoE interest rate cuts in December, as private sector wages weakened, pointing to a softer labor market. Technical analysis indicated that GBP/USD reached a short-term high around 1.3180. If it breaks above 1.3200, the pair might rise further. However, if it falls below 1.3150, it could drop towards 1.3100 and lower. The Pound Sterling, the oldest currency in the world, makes up 12% of global FX transactions. Major trading pairs include GBP/USD, GBP/JPY, and EUR/GBP. The value of the Pound is heavily influenced by the BoE’s monetary policy, including interest rate changes aimed at keeping prices stable. Economic data releases like GDP, manufacturing, service PMIs, and employment also shape the Pound’s direction. A strong economy can boost the Pound through foreign investment and possible interest rate hikes. On the other hand, weak data usually causes the Pound to lose value.

Currency Trends and Impact

The Trade Balance, which measures net exports and imports, also impacts currency strength. A strong export market can boost the currency through foreign demand. Christian Borjon Valencia started his trading career in 2010, focusing on technical analysis. When UK unemployment reached 5%, there was talk of BoE rate cuts. These cuts eventually took place through 2024, with the Bank Rate currently at 3.75% from the latest meeting. This is in stark contrast to the US Federal Reserve’s current rate of 4.50%, giving the dollar a significant yield advantage. A major concern now is the UK’s persistent inflation, which was 2.8% in the latest consumer price index for October 2025. This is still well above the 2% target, making it harder for the BoE to act as the labor market remains soft with unemployment at 4.8%. This situation suggests the BoE has little room to raise rates, limiting any potential strength in the Pound. For derivative traders, this suggests strategies that take advantage of further declines in GBP/USD. The large interest rate gap makes holding long GBP positions expensive, leading to a preference for bearish strategies or selling covered calls on existing positions. We are seeing more interest in options strategies like bear put spreads to benefit from possible drops toward the 1.2800 level. In the US, economic data continues to show strength, supporting the relative strength of the dollar. The October 2025 Non-Farm Payrolls report revealed a solid gain of 210,000 jobs, far exceeding forecasts and quieting speculation of immediate Fed rate cuts. This reinforces the “higher for longer” narrative in the US, making the dollar a more appealing currency in the GBP/USD pair. Create your live VT Markets account and start trading now.

here to set up a live account on VT Markets now

Oil prices have gone up as the US Congress moves forward with a funding bill to end the government shutdown. This is helping the oil market recover. West Texas Intermediate (WTI) US Oil is trading at around $60.75 per barrel, which is a rise of 1.20% on Tuesday. The optimism about reopening the US government is driving this increase, as it is likely to boost economic activity. The US Senate passed a temporary funding bill with a 60-40 vote, raising hopes that the budget deadlock will come to an end. This is expected to lead to a short-term increase in energy demand as federal operations restart. However, oil supply remains high, with US inventories growing for the fourth week in a row, and Asian floating storage has doubled since October.

Global Oil Benchmarks

Global crude oil benchmarks have dropped about 15% since mid-September. This is due to higher production from non-OPEC countries and slower oil demand from China. OPEC+ plans to increase its output by 137,000 barrels per day in December, pausing further increases in early 2026 to stabilize the market. WTI is also benefiting from a weaker US Dollar, especially amid job loss reports that raise expectations for more monetary easing. Upcoming reports from OPEC, API, and the US Energy Information Administration will provide fresh insights into oil market conditions. The oil market is facing mixed signals, making it a challenging environment for traders. WTI crude is currently priced around $60.75, buoyed by hopes that ending the US government shutdown will boost economic activity and oil demand. However, the ongoing oversupply issue is keeping prices in check. The potential for higher prices depends on renewed demand and a weaker US dollar, which makes oil cheaper for international buyers. Last week, the Energy Information Administration (EIA) reported a surprising decrease of 1.5 million barrels, breaking a four-week inventory growth streak and giving buyers some encouragement. This suggests that the demand increase from the government’s reopening may be showing up in the data sooner than expected.

Potential Market Strategies

However, we cannot overlook the oversupply that has caused prices to fall by 15% since mid-September. Slower demand from China is a concern, but recent reports show China’s manufacturing PMI for October at 50.2, indicating a slight and unexpected return to growth. This could mean that demand from Asia might be improving, which could change the supply-demand balance. Given the current uncertainty, traders using derivatives should prepare for increased volatility in the coming weeks. Instead of making straightforward bets, strategies like buying straddles could help profit from significant price changes, regardless of the direction, before the next OPEC+ meeting in December. For those who are optimistic but want to manage their risk, bull call spreads can offer a clear way to take advantage of a potential price rise. Historically, after the 2018-2019 government shutdown, WTI prices gradually recovered in the following months as the economy stabilized. While each market behaves differently, this history suggests that resolving US fiscal uncertainty could provide a price floor. Therefore, the immediate focus should be on the upcoming weekly API and EIA inventory reports to determine if last week’s demand spike was just temporary or the beginning of a new trend. Create your live VT Markets account and start trading now.

here to set up a live account on VT Markets now

Gold prices have decreased slightly from their three-week high, facing selling resistance around $4,150. Currently, gold is priced at about $4,107 and is struggling to maintain earlier gains this week. A deal to prevent a US government shutdown has reduced safe-haven investment in gold, despite ongoing fiscal concerns and geopolitical risks that still support demand. In terms of technical analysis, gold’s near-term outlook is positive as long as it stays above the $4,100 level, with immediate resistance at $4,150 and support at $4,050.

Federal Reserve Impact on Sentiment

Expectations for a dovish Federal Reserve are keeping sentiment positive; however, recent profit-taking has followed optimism regarding a government reopening. The release of important economic data might push for further monetary easing if signs of a US economic slowdown appear. Additionally, geopolitical issues and weak US job data have affected the US Dollar, helping support gold prices. The US Dollar Index is close to two-week lows, marking its fifth consecutive day of losses. The temporary funding deal for the US government lasts until January 30, raising the risk of another shutdown. ADP data shows a decline in private-sector jobs in the US, which adds pressure on the Dollar and raises the likelihood of further easing from the Fed. With the government shutdown ending, investors are also considering mixed trade signals from China and ongoing trade discussions with India and Switzerland. Gold, with its appeal as a safe haven, continues to attract attention amid economic uncertainties. Central banks have significantly increased their gold reserves, especially in 2022. As a non-yielding asset, gold benefits from lower interest rates and typically moves inversely to the US Dollar and Treasuries. As gold retreats from the $4,150 resistance level, we are witnessing typical short-term profit-taking. The temporary deal that ended the US government shutdown has eased concerns for now, but traders should see this dip as a potential opportunity rather than a sign of a trend reversal. The main factors boosting gold—expectations of a dovish Fed and geopolitical risks—have not diminished. A crucial date to monitor is January 30, when temporary government funding ends. This creates a fiscal cliff that could trigger another safe-haven rally. We should recall how gold reacted after the 2013 government shutdown; it experienced volatility before long-term debt concerns provided support for prices. With national debt now over $38 trillion, these long-term fiscal concerns are more significant than ever.

Trading Strategy and Market Positioning

For options traders, the pullback toward the $4,100 support level is a crucial time. With the Relative Strength Index (RSI) cooling from overbought status, selling cash-secured puts or bull put spreads with a strike price below the important $4,050 support zone could be a way to gain bullish exposure at a better price. This strategy has the potential to benefit from both a price rebound and increased implied volatility due to ongoing fiscal uncertainty. The weakness of the US Dollar provides a strong boost for gold. The Dollar Index is struggling around 99.30, and with recent ADP data showing job losses in the private sector, the market is expecting more aggressive actions from the Federal Reserve. The CME FedWatch Tool now indicates an over 85% probability of a 25-basis-point rate cut at the December FOMC meeting, which would further pressure the Dollar and support gold. Regarding market positioning, there is a noticeable increase in call options with a $4,200 strike price, indicating that many traders are preparing for a breakout above the current resistance. However, the VIX, while down from recent highs, is still around 19, suggesting that traders remain cautious about overall market stability. Therefore, those with a more bearish view in the short term might consider selling call spreads above the $4,150 resistance to collect premiums while the market consolidates. The physical market also confirms the bullish sentiment, as major gold-backed ETFs have reported net inflows of over 15 tonnes in the last two weeks. This indicates that long-term investors are taking advantage of this price level to increase their holdings, treating any dip as a buying opportunity. This underlying physical demand offers strong support that traders in derivatives should keep in mind. Create your live VT Markets account and start trading now.

here to set up a live account on VT Markets now

The Canadian Dollar is getting stronger as the US Dollar weakens, driven by disappointing US job market data. The ADP report shows a decrease of 11,250 jobs in the private sector for the week, raising expectations that the Federal Reserve may cut interest rates. The USD/CAD exchange rate has dropped to about 1.4008, nearing two-week lows. Meanwhile, the US Dollar Index sits around 99.30. Markets now estimate a 70% chance of a rate cut in December, up from 62% earlier.

Recent ADP Data and Market Response

The latest ADP report revealed an increase of 42,000 private payrolls in October, which is not in line with previous numbers. Even though the US government has resolved its shutdown, this does little to help the US Dollar. The Canadian Dollar is benefiting from strong oil prices and stable domestic data, with West Texas Intermediate Crude trading above $60. The Bank of Canada is likely to keep its current policies in light of solid labor data. Key factors that influence the Canadian Dollar include interest rates set by the Bank of Canada, oil prices, and Canada’s overall economic health. Higher interest rates and oil prices tend to strengthen the Canadian Dollar, along with positive economic data. Inflation and other economic indicators also play crucial roles in determining the currency’s value.

Strategies for a Weakening US Dollar

With the market pricing in a 70% chance of a Federal Reserve rate cut in December, it’s wise to consider strategies that can benefit from a weaker US Dollar. The USD/CAD currency pair is particularly interesting, as the Canadian Dollar gains support from strong oil prices. One strategy could be buying put options on USD/CAD, providing a low-risk way to bet on the currency pair’s continued decline in the upcoming weeks. The Canadian Dollar’s strength is further backed by fundamentals. West Texas Intermediate crude remains above $60 a barrel, helped by recent EIA reports showing an unexpected drop in inventories. October’s inflation rate for Canada also held steady at 2.1%, making it less likely for the Bank of Canada to adopt a dovish stance like the Fed. This difference in policy supports a lower USD/CAD exchange rate. However, we need to keep in mind that volatility is possible, especially with conflicting US labor reports. The upcoming Non-Farm Payrolls data, due on Friday, November 14th, will be closely watched. If the numbers come in weak—below the expected 75,000 jobs—this could speed up the decline of the US Dollar. Traders anticipating major price movements after the announcement might consider long straddle strategies with options. This situation is similar to what we saw in late 2019 when weak job data prompted the Fed to start cutting rates, leading to a multi-month drop in the US Dollar Index. If the upcoming data confirms a weakening job market, we could be at the beginning of a similar trend. Therefore, adopting bearish positions on the USD seems like a smart move for the weeks ahead. Create your live VT Markets account and start trading now.

here to set up a live account on VT Markets now

The S&P 500 ETF, known as SPY, recently followed a pattern identified by the Elliott Wave theory. SPY wrapped up its correction within the Equal Legs zone, also called the Blue Box Area. This setup involved a 3-wave pullback that formed a Double Three, with key numbers between 663.57 and 652.77.

Technical Analysis of SPY

Long positions were opened around 663.57, expecting a three-wave bounce from the Blue Box. When the price hit the 50% Fibonacci retracement level from the red X connector, we adjusted the trades to minimize risk. The stop-loss was moved to breakeven, and some profits were already taken. After SPY found support in the Blue Box area, it climbed past the 50% retracement level from the X red connector. Now, our long positions are risk-free, with new price targets set between 696.53 and 707.42 as SPY aims for higher levels. As long as the price stays above 661.25, wave (5) could keep rising. These strategies showcase trading setups that align with the Elliott Wave theory, using risk management at key technical levels. Recent price movements suggest that the S&P 500 ETF has likely finished its correction, finding solid support around the $661-$663 range. We have already entered long positions from this area, seeing it as the start of a new upward trend. The initial bounce has been strong, allowing us to secure our trades by adjusting stops to our entry point.

Market and Economic Outlook

This market shift is happening as political uncertainty in Washington eases, with a resolution to recent government funding issues on the horizon. The CBOE Volatility Index (VIX) dropped from over 20 during late October fears to below 16 this week, indicating reduced market anxiety. This political relief creates a favorable environment for stocks to rise in the coming weeks. For those trading derivatives, this situation signals a move away from buying downside protection. The CBOE’s total put/call ratio has fallen to 0.70 from a peak of 0.95 two weeks ago, showing a rapid decrease in demand for bearish options. Strategies like selling cash-secured puts at levels below the recent $661 low or starting bullish call spreads could effectively leverage this upward momentum. We expect this new upward movement to target the $696 to $707 range. The overall economic data supports this view; the October jobs report showed a slowing labor market, and last week’s CPI data indicated that core inflation is heading toward 3%. This combination reduces the pressure on the Federal Reserve to tighten further, boosting market momentum as we approach year-end. Create your live VT Markets account and start trading now.

here to set up a live account on VT Markets now

Royal Bank of Canada (RY) is a global financial services company. It provides personal finance, commercial banking, wealth management, and insurance. You can find it listed as “RY” on the NYSE. Forecasts suggest that by April 2025, the stock may rise toward the range of $150.86 to $153.23. Any dips must stay above the low from October 13, 2025, to complete the first phase (1). It is recommended to buy during the second pullback (2), which is expected to occur in 3, 7, or 11 swings at extreme levels. According to Elliott Wave Analysis, the stock has risen since its low in March 2020. This marked the beginning of wave I of phase III, reaching a high of $119.41 in January 2022 and a low of $77.90 in October 2023. The first phase saw several peaks and valleys, with the second phase ending at $83.63. If the stock rallies above this low, targets may range from $150.86 to $156.28 to finish this phase. Currently, the stock appears to be on its way to new highs, having crossed previous levels. We expect two more swings to confirm a rise above $149.44, aiming for the $150.86 to $153.26 range to finalize the first phase. It’s wise to buy during the next pullback (2) at specific swing counts while staying in the upward trend. This information is for educational purposes only and should not be considered investment advice. All trading comes with risks, and potential losses exist. Thorough research and personal financial assessment are crucial before making any trading decisions. From our analysis, we believe Royal Bank of Canada is nearing the end of its upward movement that started after the October 2023 lows. The stock is approaching the target range of $150.86 to $153.23, likely spurred by strong Q3 2025 earnings reported recently. We think this might complete a major impulse wave, which suggests that immediate gains could be limited. We advise against using call options to pursue these last profits, as the risk-to-reward ratio is not favorable. Instead, traders should get ready for a significant pullback, known as wave (2), after this peak is confirmed. Buying put options with expiration in January or February 2026 could be a smart strategy to benefit from the expected decline. Implied volatility for RY options is nearing its 52-week lows, making protective puts relatively inexpensive right now. We saw a similar calm period in late 2021, just before a broad market correction that affected much of 2022. This past pattern indicates that the market may not be fully accounting for the risk of a near-term downturn. This expected drop should be viewed as a buying opportunity, not a long-term bearish sign. The Canadian banking sector remains strong, supported by stable energy prices, with WTI crude averaging over $90 per barrel for much of 2025. Once the market corrects, we’ll consider selling put spreads or buying long-term calls to take advantage of the next major upward wave. Our entire strategy depends on the market structure remaining above the recent swing low from October 13, 2025. A significant drop below that point would invalidate our current bullish outlook and require a complete reevaluation of the trend. Thus, that price level is crucial for managing risk for all future positions.

here to set up a live account on VT Markets now

The analysis of NVDA focuses on its performance from April 7, 2025, using 1-hour Elliott Wave Charts. The rally appears to be an impulse wave, indicating a potential upward trend. Members were encouraged to avoid selling and to buy during pullbacks in designated blue box areas shown on the chart. Starting on April 21, 2025, the cycle reached its third wave at $212.19 before experiencing a pullback, forming a double three structure. Wave W concluded at $195, wave X peaked at $202.92, and wave Y hit the blue box zone between $185.66 and $174.97, where potential buyers were expected to look for profits or a minimum three-wave bounce. A subsequent NVDA chart shows an upward movement after the correction in the blue box. This created a risk-free position for those who followed the suggested buying strategies. A breakthrough above $212.19 is needed to confirm further progress toward a zone between $220.01 and $232.72, which would help avoid another correction. This analysis is for informational purposes only. It is recommended to conduct personal research before making any investment decisions. Recently, NVDA found support in the $175 to $186 range, identified as a key buying zone. The stock has bounced back, suggesting that the corrective pullback is finished. This creates a favorable setup for continued upward movement soon. For traders ready to take advantage, buying call options with expiration dates in late December 2025 or January 2026 could be a direct strategy. This allows ample time for the stock to potentially surpass its previous high and move toward the target area. The recent bounce from support serves as a solid technical foundation for this bullish position. This technical perspective is backed by strong underlying fundamentals. NVDA’s Q3 2025 earnings report exceeded expectations, showcasing strong demand for AI chips. Recent industry data shows that NVDA has retained its dominant market share, holding around 82% of the AI accelerator market as of October 2025. This suggests that the recent price decline was more of a consolidation phase rather than a downturn. The key level to watch now is the previous high of $212.19. A strong move above this price would signal the start of the next upward phase, aiming for the $220 to $233 range. Traders who bought near the recent lows might consider taking partial profits or adjusting their stop-loss to their entry point, making their trade risk-free. We have seen similar patterns in NVDA’s history, especially during the corrective phases in 2023, when sharp but temporary pullbacks happened before the main uptrend resumed. These historical pullbacks often offered buying opportunities before the stock made new highs. The current structure seems to follow this trend. For those who are moderately bullish, another strategy is selling cash-secured puts. By selling puts with a strike price below recent support, for example, around $170, traders can earn premiums, expecting the stock to stay above this level. This approach benefits from a rising stock price and time decay.

here to set up a live account on VT Markets now

MicroStrategy is the biggest corporate holder of Bitcoin, yet in 2025, there’s a gap between its stock performance and Bitcoin’s value. Even though Bitcoin has reached new highs, MicroStrategy’s stock (MSTR) continues to struggle, signaling deep-rooted technical issues. Elliott Wave analysis points out important support levels and possible downside targets. Since hitting $543 in November 2024, MSTR has been on a downward trend, while Bitcoin thrives. MSTR’s bearish pattern since November includes breaking the February 2025 low, confirming a double three correction. Wave analysis shows that after completing wave “w” in February 2025 and a higher bounce in wave “x,” wave “y” is currently developing. The focus is now on wave ((W)), which has hit the 61.8-76.4% Fibonacci zone. This suggests a potential short-term bounce before the downtrend resumes. The projected turnaround zone is between $138 and $63. Once this zone is reached, a strong upward reaction is expected. Traders should look for short-term bounces as selling opportunities, while investors may wait for this extreme area before making purchases. The Elliott Wave strategy and proprietary systems can assist with timing entries for future rallies. As of November 11, 2025, the gap between MicroStrategy (MSTR) and Bitcoin is a significant indicator. Bitcoin has surged past $120,000 to set new all-time highs this quarter, but MSTR stock hasn’t kept up. This confirms the ongoing technical weakness since it peaked at $543 a year ago. MSTR holds over 250,000 bitcoins, but the market is undervaluing this asset. We anticipate a short-term bounce, creating clear opportunities for derivative traders. Now is not the time to buy calls; instead, consider this a chance to sell into strength using bearish strategies like bear call spreads or selling out-of-the-money calls. Implied volatility has stayed high, around 95% for near-term options, making selling premium an appealing strategy. Once this brief rally ends, the stock is likely to continue its downward trend toward the equal legs target, keeping the $138 – $63 zone in view as we enter the first quarter of 2026. Concerns about the company’s multi-billion dollar debt are the main issue, overshadowing even record Bitcoin prices. For long-term investors, buying long-dated puts might be a way to prepare for this ongoing correction into next year. Short interest in the stock has risen above 20% of the float, reflecting a growing belief that the company’s debt is a significant weakness. This gap between the stock value and its underlying assets is the main reason for our bearish outlook.

here to set up a live account on VT Markets now