token unlocks continues to pressure spot-led mov — institutional desks keeps reshaping liqu

The healthier setup is alignment: token unlocks improving while drawdown recovery stays orderly.

Even when feeds obsess over “Mercado Bitcoin says phased reopening to begin Monday, will cover losses,” the durable question remains process versus prediction.

Liquidity still decides how far any catalyst can travel.

Builders and treasuries should track staking yields even when social feeds obsess over validator economics.

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