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Quadruple Witching

All articles tagged with #quadruple witching

finance1 year ago

"Whales Liquidate $500M of Bitcoin as Microsoft Breaks Out in Very Large $5 Trillion Quadruple Witching"

Today marks a very large quadruple witching with about $5 trillion of contracts expiring, leading to potential market volatility, while Microsoft's stock has broken out amidst suspicions of a gamma squeeze and money moving out of NVIDIA. Additionally, Adobe's stock is falling due to increasing AI competition, highlighting the importance of understanding AI for investors. Bitcoin whales liquidated about $500 million of Bitcoin after reaching a new high, and the Bank of Japan's potential policy change may impact global stock markets. Lastly, the University of Michigan consumer sentiment survey results and the upcoming FOMC meeting may also influence market movements.