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Stock impact report

'Big Short' Michael Burry flags “death spiral” after silver liquidations beat bitcoin [Yahoo! Finance]

CME Group Inc. - Class A (CME) 
Last cme group inc. - class a earnings: 4/29 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cmegroup.com
Company Research Source: Yahoo! Finance
Hedge fund manager Michael Burry, known for “The Big Short," sees this as a vicious loop where falling prices force liquidations, tanking it further. Burry pointed to the same dynamic in a note this week, characterizing it as a “collateral death spiral” in which falling crypto prices and heavy leverage triggered liquidations in tokenized metals and digital assets. Burry said silver liquidations exceeded bitcoin on at least one crypto venue during the unwind. “Sky-high leverage on these crypto exchanges due to rising metals prices meant that as the crypto collateral fell, the tokenized metals had to be sold," he said. "This is a collateral death spiral." "It was reported that tokenized silver futures liquidations actually exceeded Bitcoin liquidations on one crypto market called, ironically, Hyperliquid," Burry added. That reversal was driven less by anything specific to bitcoin than by fast-moving positioning in metals, where a sharp pullback collided with crowded leverage a Show less Read more
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