custody rails is overpricing weekend risk — deFi angle: cold storage trends keeps su: reading the Bitcoin ETFs tape

Markets rarely move for a single reason.

Even when feeds obsess over “Bitcoin ETFs Lose $411.9M on Friday as BlackRock Drives the Selling,” the durable question remains process versus prediction.

Meanwhile, risk appetite can either confirm the move or expose it as temporary.

Mapping custody rails against miner behavior is a simple way to stress-test a thesis.

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