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Michael Burry says he’s still betting against Palantir after Trump post boosts stock

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Michael Burry says he's still betting against Palantir after Trump post boosts stock

Michael Burry attends “The Big Short” New York premiere at the Ziegfeld Theater in New York, Nov. 23, 2015.

Andrew Toth | Filmmagic | Getty Images

Michael Burry is sticking with his bearish wager against Palantir Technologies, even after a public endorsement from President Donald Trump helped lift the stock.

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The investor of the “Big Short” fame said in a Substack post Friday that he continues to hold long-dated put options on the artificial intelligence software firm. Burry said he started betting against the company in the fall of 2025 and has repeatedly rolled the position.

“I now own the June 17 2027 Strike Price 50 Puts and the Decembers 19, 2026 Strike Price 100 Puts. I am not selling these today,” Burry wrote.

Burry’s comments came after Trump praised Palantir in a Truth Social post on Friday, boosting the stock off its intraday lows. Still, the shares were on track for a roughly 13% weekly drop, bringing their 2026 losses to about 28%.

“Palantir Technologies (PLTR) has proven to have great warfighting capabilities and equipment,” Trump wrote. “Just ask our enemies!!!”

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The famed investor said the stock has weakened since reaching a peak near $200 last year and remains “wildly overvalued.” While acknowledging the possibility of a near-term rally, Burry argued that the company’s fundamental value is less than half of what it’s worth now.

“Trump’s post rallied the stock after the stock had fallen 18% the last three days. The stock may catch a wind here. It has been selling off with software stocks. As mentioned, I continue to hold the puts, as I believe the fundamental value of this company is well under $50/share,” he said. Palantir traded around $127 per share on Friday.

Some view Palantir as a beneficiary of the Iran war due to the amount of business the software and services vendor has with the U.S. military and intelligence agencies.

During Trump’s second administration, the company has been securing new government contracts and deepening its work with the Pentagon, while CEO Alex Karp has maintained regular engagement with the administration despite earlier tensions.

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Last year, Burry’s former hedge fund, Scion Asset Management, disclosed bearish positions against Palantir and AI darling Nvidia, which prompted a sharp reaction from Karp, who called Burry’s wagers “super weird” and “batsh– crazy.”

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Bittensor's TAO risks 45% dip amid 'decentralization theater' accusation

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Bittensor's TAO risks 45% dip amid 'decentralization theater' accusation

Bittensor's TAO risks 45% dip amid 'decentralization theater' accusation

TAO drops 30% from its weekly high, confirming fractal setups that projected deeper downside targets for the token in the past.

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BTC Targets $88K As Exchange Inflows Drop Under $3 Billion

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Cryptocurrencies, Bitcoin Price, Bitcoin Analysis, Adoption, Markets, Cryptocurrency Exchange, Derivatives, Financial Derivatives, Bitcoin Futures, Price Analysis, Market Analysis

Mirroring a breakout setup from Q2 2025, Bitcoin (BTC) is now eyeing a possible rally toward the $86,000–$90,000 range over the next few weeks.

The bullish view is supported by robust Bitcoin whale activity and large BTC inflows to exchanges, which have dropped by $5 billion over the past two months.

BTC support cluster at $70,000 builds breakout pressure

Bitcoin reached a weekly high of $73,255 on Friday after testing the $72,000 level earlier in the week, with the price compressing between $70,000 and $72,000 over the past four days. The higher price range is showing more stability for BTC than in March, when BTC quickly corrected after reaching the key level. 

Cryptocurrencies, Bitcoin Price, Bitcoin Analysis, Adoption, Markets, Cryptocurrency Exchange, Derivatives, Financial Derivatives, Bitcoin Futures, Price Analysis, Market Analysis
BTC/USDT on the four-hour chart. Source: Cointelegraph/TradingView

The 30-day rolling volume-weighted average price (VWAP), which indicates where most recent trading activity has occurred, and the 50-day moving average have converged below the price, forming a dynamic support base.

Currently, the $76,000 level marks the upper boundary of a 64-day sideways phase. A push above this level aligns with the descending trendline formed after the October highs near $126,000.

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A breakout from this trend may signal a major shift and remove the psychological barrier that capped rallies over the past few months. 

In Q2 2025, a similar setup formed after a prolonged compression below the moving averages. Once the price cleared the descending trendline, it expanded quickly into the next supply zone.

Cryptocurrencies, Bitcoin Price, Bitcoin Analysis, Adoption, Markets, Cryptocurrency Exchange, Derivatives, Financial Derivatives, Bitcoin Futures, Price Analysis, Market Analysis
BTC/USDT on the one-day chart. Source: Cointelegraph/TradingView

The current structure mirrors that sequence, with liquidity stacked between $86,000 and $90,000. This indicates a clean path for price expansion once the bearish trendline gives way.

Related: Bitcoin can be made quantum-safe without protocol upgrade: Researcher

BTC whale flows signal supply absorption

Crypto analyst Amr Taha noted that the 30-day Bitcoin inflows to exchanges from whales dropped to $2.96 billion, the first sub-$3 billion reading since June 2025.

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The lower inflows reduce immediate sell-side pressure on exchanges. For context, the whale inflows to exchanges were as high as $8 billion in February. 

Cryptocurrencies, Bitcoin Price, Bitcoin Analysis, Adoption, Markets, Cryptocurrency Exchange, Derivatives, Financial Derivatives, Bitcoin Futures, Price Analysis, Market Analysis
BTC whale-to-exchange flow on Binance. Source: CryptoQuant

At the same time, the long-term holder realized cap change reached $49 billion on April 9, marking renewed accumulation.

Taha noted a transfer of supply from weaker to stronger hands across these metrics. The divergence highlights steady absorption rather than aggressive selling.

Cryptocurrencies, Bitcoin Price, Bitcoin Analysis, Adoption, Markets, Cryptocurrency Exchange, Derivatives, Financial Derivatives, Bitcoin Futures, Price Analysis, Market Analysis
BTC CVD indicator for whale orders. Source: CW/X

Additionally, whale-sized orders of $1 million to $10 million pushed the spot cumulative volume delta (CVD) above $600 million on April 9, while market analyst CW pointed to renewed buying from other whale cohorts as well.

This activity coincides with price stabilization above $70,000. The $76,000 level now acts as a trigger zone, with the $86,000 to $90,000 range holding a visible, concentrated liquidity zone. 

Cryptocurrencies, Bitcoin Price, Bitcoin Analysis, Adoption, Markets, Cryptocurrency Exchange, Derivatives, Financial Derivatives, Bitcoin Futures, Price Analysis, Market Analysis
BTCUSDT liquidity map. Source: CoinGlass

Related: Bitcoin hits $73K as cool US CPI data shows 60-year record gas price hike