Markets across the board faced historic volatility yesterday, leaving many investors to ask: are we on the cusp of a crash?
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Welcome back to The Blockspace Podcast! In lieu of a news roundup today, we recap Thursday’s market chaos, in which gold shed Bitcoin’s entire market cap in a single morning. We unpack Microsoft's historic 10% drop despite an earnings beat and contrast it with Meta's rally. Are we looking at a systemic liquidity shock or a one-off deleveraging event? We break down the charts, from credit spreads to the VIX, and examine the canaries in the coal mine that could point toward a rocky 2026.
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Notes:
* Gold shed ~$1.7 trillion in one morning
* Microsoft stock closed down 10%, worst daily move since 2000
* Meta stock rose 10% after earnings beat
* Bitcoin pukes to $83,000
* VIX spiked 8%
Timestamps:
00:00 Start
01:46 Market rips then dips, then rallies again
08:40 Bitcoin bear
11:43 Microsoft
20:31 Polymarket government shutdown odds
27:34 Why BTC go down?
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