Bitcoin is consolidating around hedging demand

Risk is easiest to ignore precisely when it is most expensive.
Even when feeds obsess over “Thailand’s SEC Moves to Block Bitget as It Files Criminal Complaint,” the durable question remains process versus prediction.
Mapping NFT liquidity against self-custody adoption is a simple way to stress-test a thesis.
Builders and treasuries should track NFT liquidity even when social feeds obsess over self-custody adoption.
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