over half of the s&p 500 is down 20% or more while btc is up on the day
@Pirat_Nation posted that more than half of s&p 500 companies sit 20% or more below their highs, naming nvidia, amazon, google, intel, meta and netflix, and asked if the ai bubble is finally popping. it lands after the election-night sell-off in nasdaq futures, dudley's warning about an ai overbuild and goldman pulling ai coding tools. our read is that these are linked; that link is not a stated fact. meanwhile btc is higher over 24 hours. the joke token is $GIMODELO (GJam2w9yczvryb19MawYw7kejTdDBCWMphoUPXYzpump) on pumpswap. at the time we looked it was about $133k mcap, $33k liquidity, -45% in 1h and +259% in 24h. that is a tiny, extremely volatile memecoin, and it has nothing to do with the s&p story.
- find the original @Pirat_Nation post on X and the companies it names
- check each stock's drawdown from its all-time high on a free chart site like tradingview or yahoo finance
- compare btc's 24h move on coingecko, and look up the GJam2w9yczvryb19MawYw7kejTdDBCWMphoUPXYzpump contract on dexscreener or a solana explorer to see current price, liquidity and holders before trusting anything about it
stocks are weak under the surface while btc holds, for now. that can flip fast, so don't read one day of relative strength as a trend. $GIMODELO is a very small, high-risk memecoin: a -45% hour and a +259% day show how violent it is, not that it's a safe haven. not financial advice.
