stablecoin velocity remains the swing factor for narrative durability

Risk is easiest to ignore precisely when it is most expensive.

Put beside current chatter on “Mike Flaum: MSTR Performance “Massively” to the Upside During Next BTC Bull Run,” the incentive problem looks clearer.

Builders and treasuries should track stablecoin velocity even when social feeds obsess over stablecoin settlement.

Mapping perpetual futures against treasury diversification is a simple way to stress-test a thesis.

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