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We’ve been on a bit of a markets spree this week, and it’s not over yet. At the very least, we should be glad that nothing’s ever truly boring in crypto land, right? 

Anyway, I caught up with Kraken’s head of strategy Thomas Perfumo to pick his brain on the markets given the volatility we’ve seen.

For Perfumo, the pullback has been in line with what he calls the “new normal” after bitcoin topped $100k. 

“We’ve seen a couple of pullbacks corresponding with large liquidations of leveraged positions. This is typical consolidation behavior,” he told me. 

“From…

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