June 23: SpaceX Crashes, Bitcoin Bleeds, and Why Something Feels Off
Markets were hit with a broad risk-off selloff as more than $717 million in crypto positions were liquidated, dragging Bitcoin below $62,000 and pushing major cryptocurrencies sharply lower. Matt examines why this wasn't just a crypto event, but a market-wide move that also hit technology stocks, AI-related assets, and SpaceX, raising questions about whether investors are reacting to geopolitical risks, institutional positioning, or something else entirely.
The episode also covers Strategy's weakening preferred stock and what it could mean for the company's Bitcoin acquisition strategy, the…
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