Scott Milker, host of the podcast The Wolf Of All Streets, posted on X about the potential risks in the Bitcoin market. He highlights the risks of cryptocurrency custody and the systemic risks posed by exchanges.

Milker discusses how custody failures can destabilize markets and lead to a lack of best prices in cryptocurrency trading. He mentions the war of stablecoin yields and regulatory takeover.

There is noted convergence between ETFs and stablecoins, along with SVB's warning about the Bitcoin markets. Milker emphasizes the need for market evolution and the impact of policy on Bitcoin's resilience.$BTC $ETH #Binance #ETFvsBTC #Ethereum #BTC