Inverse Cramer Strikes Again as Bitcoin Dumps Minutes After His Call
Jim Cramer just told viewers:
“Just go buy Bitcoin.”
What happened next was pure chaos.
Within roughly six minutes:
$BTC dropped about $2,000.
More than $100 billion was wiped from the total crypto market cap.
And around $600 million in leveraged long positions were liquidated.
The timing immediately revived one of crypto’s favorite memes:
Inverse Cramer.
Of course, one television comment did not cause a $100 billion market move.
Bitcoin was already heavily leveraged after a massive rally, so even a small reversal could trigger cascading liquidations.
But the timing could not have been better.
Cramer turned bullish.
Crypto immediately dumped.