"Galaxy CEO Novogratz Warns of Impending Bitcoin Correction Before Record Rally"

Galaxy Digital Holdings CEO Michael Novogratz warns of a potential short-term correction for Bitcoin, predicting a drop to the mid-$50,000 range due to concerns over market leverage, particularly among younger investors. Despite recent liquidations and high-stakes trading, Novogratz remains optimistic about Bitcoin's long-term trajectory, citing growing interest from both individual and institutional investors. On-chain data also reveals that "newbie whales" hold an all-time high amount of unrealized profit following the latest rally.