governance turnout is supporting narrative durability
When books are thin, narratives look stronger than they are.
Meanwhile, Ether can either confirm the move or expose it as temporary.
Put beside current chatter on “Analysts see no broader ‘contagion’ from $6.3B Binance hack,” the incentive problem looks clearer.
Markets rarely move for a single reason.
Meanwhile, lending markets can either confirm the move or expose it as temporary.
Markets rarely move for a single reason.
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