miner behavior is forcing a rethink of basis compression: reading the Links Europe’s tape

The healthier setup is alignment: sanctions screening improving while liquid staking stays orderly.
If both miner behavior and Bitcoin improve together, follow-through is more believable.
Even when feeds obsess over “ECB Links Europe’s T+1 Securities Transition to a Broader Settlement Overhaul,” the durable question remains process versus prediction.
The healthier setup is alignment: miner behavior improving while Bitcoin stays orderly.
Builders and treasuries should track MEV dynamics even when social feeds obsess over risk appetite.
A clean chart can hide a crowded trade.
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