Mike Novogratz Points to Leverage as Driver of June Crypto Market Correction

TL;DRGalaxy Digital CEO Mike Novogratz identified excessive leverage as a key factor behind the June crypto drawdown.
The view fits with a market environment where derivatives positioning can amplify spot-market weakness.
Risk note: Do not add dramatic price targets or overstate the quote beyond the original wording.
For more details, visit the official Galaxy platform.
Leverage unwinds can turn ordinary market weakness into sharper crypto corrections
Mike Novogratz Points to Leverage as Driver