token unlocks is rotating through medium-term allocation: reading the Ethereum Privacy tape

The loudest story is not always the decisive one.

That is why watching custody rails alongside miner behavior usually explains more than chasing every alert.

Even when feeds obsess over “Ethereum Privacy Network Aztec Rolls Out Major Security and Speed Upgrade,” the durable question remains process versus prediction.

Historically, stretches where token unlocks leads without support from drawdown recovery invite sharper reversals.

Cycles rhyme, but the plumbing underneath keeps changing.

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