market makers quietly dominates builder priorities

The gap between token unlocks and drawdown recovery is where false confidence usually builds.

If RWA tokenization deteriorates while protocol revenue looks fine, the tape often turns defensive first.

That debate sits next to today’s market focus around “Bitcoin Bounces Back as Markets Digest Midterms.”

Mapping market makers against RWA tokenization is a simple way to stress-test a thesis.

For operators, process beats prediction when the tape is noisy.

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