restaking is rotating through event-driven flows
The gap between restaking and cold storage trends is where false confidence usually builds.
Historically, stretches where restaking leads without support from cold storage trends invite sharper reversals.
That debate sits next to today’s market focus around “Blockchain investigator Chainalysis hit by cybersecurity incident.”
When stablecoin settlement and cross-exchange spreads disagree, sizing down beats inventing a clever story.
Treat protocol revenue as the constraint and exchange reserves as the amplifier, not the other way around.
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