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- Crypto market turns frothy 🫧
Crypto market turns frothy 🫧
Over $500 million in crypto options positions were liquidated as the market retreated Friday morning.

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📝 What you need to know
Crypto markets turned frothy Friday morning, with over $500 million in liquidations as billions of dollars worth of Bitcoin moved to exchanges.
Galaxy Digital shifted some $3.7 billion to exchanges, with other large Bitcoin holders following suit—creating mounting selling pressure on Bitcoin just weeks after it posted a new all-time high.
Despite the U.S. money supply climbing to a record high, experts told Decrypt that U.S. liquidity is “pooled, not deployed,” parked in money markets and short-duration Treasuries rather than risk-on assets. They urged caution in the short term, with volatility on the rise amid profit taking and “increasing liquidation risk" around leveraged positions.
📊 Myriad Market of the Day
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💬 Quote of the Day
“When Washington works for industries like this, a handful of people get really rich, and the American people pay the price.”
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