Market watchers say Bitcoin and Palantir are connected mainly through investor comparisons and debates about whether Palantir should adopt Bitcoin as part of its corporate treasury strategy. Palantir itself does not hold Bitcoin, but its growth and mission often get discussed in relation to Bitcoin’s role as a resilient, sovereign financial asset (also an arguable description). Some US market observers are referring to Bitcoin as the Trump trade. If os, then Palantir is more the Vance trade because of the close connections with Peter Thiel who owns 3.2% of Palantir.
Rotational selling in global markets is evident. Whether it was triggered by frothy valuations in the wake of 3Q2025 earnings reports or too much froth in AI and Palantir or a sudden sell-off in Bitcoin is debatable. Technically, reasons are not the key. The focus is on volume, momentum, the stance of indicators and the market’s trend.
Bloomberg reports that Bitcoin (as of Nov 21) is on track for its worst day since Nov 4. “There’s a parallel between now and that day – the Nov. 4 selloff, which took prices below the key US$100,000 mark, came right on the heels of Palantir’s earnings. The earnings appeared solid at first glance but the stock was soon dumped. Its fall dragged on the Nasdaq, which closed more than 2% lower on the day,” Bloomberg reports
