Mike Novogratz — CEO, Galaxy Digital (1 trade idea)

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Date Ticker Direction Thesis Source
Feb 11, 2026 WATCH Calls the current downturn "more distressing than the last bear market" because "this time there's no smoking gun." When industry veterans cannot identify the specific cause of a 15-30% drawdown (unlike the clear leverage flush of Luna/FTX), it suggests structural weakness or hidden liquidity exits. This uncertainty warrants caution on crypto-native proxies like Galaxy Digital until a floor is found. WATCH (Wait for market clarity). Missing the bottom if this is a "buy the fear" moment. CNBC
Bitcoin on pace for fourth negative week in a...