Market: Bitcoin briefly broke through $70,000 in the early morning before falling back, currently reported at $69,300
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Retreat signal? "Big short" closes bearish options on Nvidia and Palantir
"Big short" Michael Burry has fully reduced risk by closing his Nvidia and Palantir put options that expire in December 2026 to avoid time value erosion. However, he still holds 2027 put options for both companies and maintains short positions in several tech stocks. Meanwhile, Jensen Huang reposted data showing GPU rental prices increased by 22% month-on-month to counter Burry's core bearish argument regarding the overestimated depreciation period of chips.
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