DeFi angle: protocol revenue is testing conviction in narrative durability

None of this is financial advice; it is a framing for cleaner decisions.

Keeping a written thesis helps avoid narrative whiplash.

That debate sits next to today’s market focus around “Bitcoin Loses Key 200.”

Meanwhile, institutional desks can either confirm the move or expose it as temporary.

Meanwhile, self-custody adoption can either confirm the move or expose it as temporary.

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