While Bitcoin is still mired at the US$120,000 level alone, an entire new institutional wave is swamping the copyright universe. Light years away from retail froth of previous bull cycles, the current bull cycle is defined by something deeper: institutional conviction, risk-managed positions, and the arrival of copyright prime brokers dominating headlines. Behind the scenes, operators such as FalconX and Hidden Road are now not startups but scaffolding to a new market. Having intimidated the legacy exchanges with increasing regulatory pushback, these copyright-native prime brokers have come in and are now servicing the increasing demand from asset managers, family offices, and hedge funds. In the old financial world, the prime brokers make large institutional trades, lend, and hold custody. They do it in cryptos but with digital money immediacy. They wrap up trading, custody, credit, and cross-platform execution into a neat package and let the client weather dumb markets with institutional-grade accuracy.

https://crafmin.com/copyright-prime-brokers-bitcoin-120k-rally-rise/