Galaxy Digital missed Q2 estimates with $8.6B revenue. Weaker crypto markets hit institutional flow hard.
Macro liquidity drying up = less institutional appetite. Watch for Q3 guidance - if they're bearish on near-term trading volumes, expect more downside pressure on exchange tokens and lending protocols.
Galaxy's pain = retail's gain if you're patient. Institutions capitulate first.
Macro liquidity drying up = less institutional appetite. Watch for Q3 guidance - if they're bearish on near-term trading volumes, expect more downside pressure on exchange tokens and lending protocols.
Galaxy's pain = retail's gain if you're patient. Institutions capitulate first.