why / intwb

Why is GraniteShares 2X Long INTC ETF (bStocks Tokenized ETF) down today?

−52.15% 24h
Short answer

GraniteShares 2X Long INTC ETF (bStocks Tokenized ETF) (INTWB) is down 52% in the last 24 hours, trading at $8.4. That is 50% worse than the whole crypto market (−2.5%), so part of the move is specific to GraniteShares 2X Long INTC ETF (bStocks Tokenized ETF). Trading volume is running at 31.5× its 30-day average.

· from live market data
INTWB 24h−52.15%
Whole market 24h−2.47%
Bitcoin 24h−2.59%
Link to BTC (30d)0.65
Volume vs normal31.5×
signals

What is moving GraniteShares 2X Long INTC ETF (bStocks Tokenized ETF)

Strongest signals first.

Doing worse than the market

The total crypto market is −2.5% in 24 hours. INTWB is −52%, 50% worse than the market, so part of the move is specific to GraniteShares 2X Long INTC ETF (bStocks Tokenized ETF).

Why is the crypto market moving? →

Trading volume is 31.5× normal

At today's pace, INTWB trades about 31.5 times its 30-day average volume. Heavy volume means many traders are acting on the move, which makes it more meaningful.

Partly follows Bitcoin

Over the last 30 days, INTWB's daily moves had a 0.65 correlation with Bitcoin (1 means identical direction). A moderate link. Bitcoin is −2.6% today.

Bitcoin price →

Lowest price in 30 days

INTWB at $8.4 is below every daily close of the past month (previous low $9.6). Breaking a recent low can trigger stop-loss selling.

Weak month

INTWB is −42% this week and −68% over 30 days, so today's move continues the monthly trend.

Market mood: Fear (30)

The Crypto Fear & Greed Index reads 30 out of 100, down from 51 yesterday. Sentiment is not extreme either way.

Fear & Greed Index →
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Liquidations, funding and open interest

See whether leveraged traders are being forced out of INTWB positions right now, on the chart, in the Blockdeck app.

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faq

Questions

Why is GraniteShares 2X Long INTC ETF (bStocks Tokenized ETF) down today?

GraniteShares 2X Long INTC ETF (bStocks Tokenized ETF) (INTWB) is down 52% in the last 24 hours, trading at $8.4. That is 50% worse than the whole crypto market (−2.5%), so part of the move is specific to GraniteShares 2X Long INTC ETF (bStocks Tokenized ETF). Trading volume is running at 31.5× its 30-day average.

Will GraniteShares 2X Long INTC ETF (bStocks Tokenized ETF) go back up?

Nobody can know that in advance, and Blockdeck does not make price predictions. What the data shows: INTWB is −42.23% over 7 days and −68.09% over 30 days. Check the live chart and the signals above, and never trade more than you can afford to lose.

How is this explanation made?

From measured market data, refreshed every few minutes: the whole market's move, INTWB's link to Bitcoin over 30 days, its sector, trading volume against its 30-day average, recent news, where the price sits in its range, and market sentiment. Nothing here is guessed or written by hand.

Explanations are built from market data and are not financial advice.