token unlocks is rotating through desk risk limits

If token unlocks deteriorates while drawdown recovery looks fine, the tape often turns defensive first.

Builders and treasuries should track perpetual futures even when social feeds obsess over treasury diversification.

That debate sits next to today’s market focus around “Binance's $6.3 billion hack began with a fake job interview, and a campaign 'built over many months'.”

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

Liquidity still decides how far any catalyst can travel.

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