DEX volume is supporting hedging demand

Builders and treasuries should track perpetual futures even when social feeds obsess over treasury diversification.

Liquidity still decides how far any catalyst can travel.

Against the backdrop of “Crypto Treasury Stocks: How mNAV and Dilution Affect Value” and “Strategy spends triple its weekly Bitcoin outlay on STRC buybacks”, positioning still matters more than slogans.

Liquidity still decides how far any catalyst can travel.

Attention jumps quickly; capital moves more slowly.

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