Latest news with #TomBruni
Forbes
a day ago
- Business
- Forbes
Ether Prices Plunge Almost 15% As Geopolitical Tensions Fuel Profit Taking
Ether prices took a tumble recently, declining close to 15% in under 48 hours as the latest developments between Iran and Israel helped create widespread profit taking in risk assets. The world's second-largest digital currency by total market value fell to roughly $2,450.00 late last night, after rising close to $2,875.00 the day before, according to Coinbase data from TradingView. This materialized at a time when major stock market indices the S&P 500 index and the Dow Jones Industrial Average were both down at least 1% for the day at the time of this writing, according to Google Finance. 'Nothing has fundamentally changed with Ethereum over the last few days, so we must rely on technicals and trader behavior to explain this pullback,' Tom Bruni, editor-in-chief & VP of community at Stocktwits, stated via email. 'Following a strong run for risk assets, such as equities and cryptocurrencies, over the last ten weeks, we're seeing the early signs of investors and traders taking profits," he continued. 'New risks emerging from the Middle East have created more uncertainty in the market, making market participants less willing to hold risk assets in their portfolios over the weekend and into next week,' stated Bruni. 'We're seeing significant chatter from Stocktwits users who are taking profits or hedging their portfolios after such a strong run,' he said. 'For now, Ethereum is simply trading in tandem with other risk assets. And because it's an altcoin, it sits further down the risk spectrum than Bitcoin, which is why it's fallen more sharply. One can compare this relationship to that of small-caps vs. large-caps in the equity market,' the analyst emphasized. Patrick Liou, associate director of institutional sales for Gemini, also weighed in, offering a similar take on the situation. 'ETH is seeing a pullback in prices as a result of Israel conducting a wide scale military operation on Iran with 14 days of planned operations, according to senior Israeli military officials,' he wrote through email. 'Iran has vowed to retaliate to the latest strikes, leading to escalating geopolitical tensions across the globe and a broad decline across risk assets,' said Liou. 'The ETH outperformance had coincided with a decline for bitcoin dominance from 65.5% to 62%, but most of that move has now retraced as a result of the events in the Middle East,' he stated. Julio Moreno, head of research for CryptoQuant, also chimed in, providing hard evidence of the profit taking in ether, providing a visualization of this data in the chart below: 'It seems most of ETH's price decline has come from traders taking profits after the increase towards ~$2.8K (see black triangles in the chart),' he stated via Telegram. It is worth noting that in the runup to the recent price high, many traders opened long positions, which are illustrated by the blue circles. When explaining why traders decided to sell their ether, Moreno specified that 'The reason traders took profits was the market turmoil caused by the tensions in the Middle East.' While ether prices have taken a hit lately, the overall outlook is certainly positive, according to Bruni. He spoke to this via email, stating that "On a positive note, this pullback is not a dealbreaker for the larger trend at play." 'Traders will want to see the price of Ethereum stay above their May lows, near 2,300, to maintain the positive medium-term momentum that has developed since April,' said Bruni. 'Sentiment on Cryptotwits is still in 'extremely bullish' territory, and message volumes are 'high,' signaling that retail investors and traders are sticking with Ethereum despite this pullback,' he added.
Yahoo
23-05-2025
- Business
- Yahoo
Why retail investors still have a 'buy-the-dip mentality'
US stock markets (^DJI, ^GSPC, ^IXIC) fell this week in the wake of renewed tariff threats, and retail investors are buying the dip. Stocktwits editor in chief and community vice president Tom Bruni joins Asking for a Trend with Josh Lipton to discuss what retail trading looks like right now and where investors are seeing opportunity. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. Well, stocks fell this week as investors assess President Trump's latest tariff threats. But according to StockTwits, retail investors are buying the dip. For more, let's welcome in now Tom Bruni, StockTwits editor in chief and VP of Community. Tom, it is always great to see you on set. Thanks for having me, Josh. So let's maybe recap some recent news, also look ahead. We had that, we had this surprise downgrade by Moody's. On StockTwits, how did people respond to that? I'm sure were they, were they selling, Tom? Were they buying the dip? What was their response? In general, people are still in that buy the dip mentality. So we saw that throughout the sell off in April. Since the lows, we see people going back to those key themes, you know. Despite what's happening with the tariffs day to day, we still really haven't seen the impact of those. They haven't really been making their way through the company supply chains and all the actual earnings. And so all we have is speculation right now. And I think there's this underlying tone that people feel like, you know, Trump and the administration are using the stock market, the bond market, markets in general, public perception as a scorecard. And so in many instances people are seeing tariffs as a short term thing as opposed to a longer term proposition. So you see evidence, at least at StockTwits, okay, folks are still broadly constructive. Yeah. When they're looking for opportunity, I'm curious where are they looking for it? Yeah, so we did a poll about a week ago. We asked, you know, the S&P is up 20% of its lows. What are you doing at this point? Are you buying? Selling? Holding? 55% of people were buying, another 16, 20% were holding. So 75% of people are still looking for opportunities and I think it comes back to the technicals, right? You know, we've seen constructive price action under the surface. You're seeing rotation in some of these core themes. So we talk about nuclear that got some movement today on the back of yesterday's executive order. We're talking about quantum computing. We're talking about other AI plays. So depending on the news of the week and the catalysts that are popping up, you're seeing this rotation under the surface. And for quantum computing specifically, we asked the community what's your top play? And I think it was 42% of people said that QBTS is their top pick and there was a Barron's interview… Why D-Wave? Why? Yeah, there was a Barron's interview where, where the CEO said they wanted to be the Nvidia of quantum computing so… I saw that. Right. Right. It doesn't, sure. Exactly. So I think that along with, I think they're a little further ahead, like fundamentally, than some of their competitors. And so the catalyst of those two plus the underlying momentum, technically helped it. What about crypto, 'cause I know you guys have been making moves there as a platform. Yeah, crypto is a big focus for retail. And as StockTwits, we launched a huge initiative last week called CryptoTwits. So we've always been a platform for educating investors, providing an outlet for communities to come together and explore markets for kind of profit and joy. And so we've always had crypto on the platform but what we've rolled out is a unique, tailored experience with new tools, you know, 17,000 coins and tokens listed, new educators to follow. So it's really an opportunity for traditional finance and crypto to come together on one platform. And as we're seeing more and more traditional finance people start to adapt crypto into their portfolio, this seems like the perfect time for StockTwits to meet that demand. So it's about right now, it's crypto, it's AI, nuclear, quantum. Who is the StockTwits user right now, Tom? Who's the? I mean is there an average demo? Are you seeing it evolving over time? Yeah. Yeah. Yeah, so we definitely skew in the 25 to 40 range, educated, has money to invest. But we typically find that people are taking a core and explore type approach. We've talked about it in the past, you know, 75% of their assets maybe in the low, slow index funds. But then 25%, we're seeing them swing for the fences looking for that alpha. And that's why we see people gravitate toward these higher growth, higher potential, higher risk, higher reward areas like crypto, like AI, like nuclear. And so, yeah, we're continuing to see appetite. Despite the day-to-day noise, crypto is the place to be. And of the survey that we recently put out, 55% of people on StockTwits think that Bitcoin could hit 150K in 2025. So still another 40% away but we shall see. Line in the sand. God. Tom, thank you, sir. Always appreciate having you. Thank you for having me. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-01-2025
- Business
- Yahoo
Investors more 'selective' after DeepSeek sparked tech sell-off
The emergence of Chinese startup DeepSeek's artificial intelligence (AI) model rattled US stock markets on Monday, triggering a broad sell-off across the technology sector. Stocktwits editor-in-chief and community VP Tom Bruni joins Asking for a Trend to analyze investor sentiment surrounding the AI trade. Bruni notes that the timing of DeepSeek's reveal is "interesting," coinciding with earnings reports from five of the "Magnificent Seven" tech companies this week. However, he points to a Stocktwits survey indicating that over 50% of users expect the Magnificent Seven to maintain their earnings season dominance. "People are still optimistic about the overall AI trade," Bruni says. "However, they're kind of picking their spots a bit more." He adds that investors still seem to be sticking with leaders like Nvidia (NVDA) but are being more selective overall with other stocks. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Angel Smith Sign in to access your portfolio
