liquidate

About 24 hours after the email went out, Sonder said it planned to liquidate the company after more than a decade in business.

Thinking on a micro level, the market downturn following Nvidia’s earnings could have been driven by a fund or portfolio liquidating, Luria said, and wasn’t necessarily a reaction to Nvidia’s report itself.

“They sell their tech stocks as they get liquidated on crypto positions.”

With bitcoin now more than 30% below its peak, there are worries about further forced selling as retail investors might need to liquidate other assets to meet margin calls, they say.

“It might be someone in the markets that’s liquidating their positions,” he said.