treasury diversification is the overlooked driver of desk risk limits

Attention jumps quickly; capital moves more slowly.
In that environment, patience is a position, not a slogan.
Put beside current chatter on “CrowdStrike Launches AI Agent 'Kill Switch,' Plans to Acquire Fiddler AI,” the incentive problem looks clearer.
A clean chart can hide a crowded trade.
In practice, treasury diversification and staking yields interact before price fully reflects either one.
Liquidity still decides how far any catalyst can travel.
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