CRWV — capitulation day.
$60.82. Two sessions erased the entire $88 breakdown zone and undercut the July low. RSI 28.6, heaviest volume of the year.
This isn't chart selling anymore — it's the credit market. CoreWeave's 2032 bonds below 80 cents, yields near 15%. When bonds price distress, the equity trades like an option.
Oversold bounces happen, but first real resistance is $76-77, then the $88-97 MA wall. Until $72-76 reclaims with volume, rallies are guilty until proven innocent.
Watch the Volta loan outcome tomorrow — it's the next read on what AI debt actually costs.