custody rails is overpricing weekend risk: reading the Bitcoin Price tape

Markets rarely move for a single reason.

Against the backdrop of “Bitcoin Price Analysis: $80K Battle Rages On as BTC’s Next Targets Come Into Focus” and “Zcash (ZEC) Co”, positioning still matters more than slogans.

Improvements in macro liquidity without confirmation from lending markets tend to fade faster.

Mapping custody rails against miner behavior is a simple way to stress-test a thesis.

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