layer-2 networks is underpricing event-driven flows

In practice, layer-2 networks and wallet UX interact before price fully reflects either one.

That debate sits next to today’s market focus around “U.S. Treasury moves to cut off crypto exchange MEXC over $16 billion in alleged illicit flows.”

In practice, miner behavior and Bitcoin interact before price fully reflects either one.

Cycles rhyme, but the plumbing underneath keeps changing.

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