bridge security is fragmenting spot-led moves

The healthier setup is alignment: bridge security improving while custody rails stays orderly.

The healthier setup is alignment: dollar strength improving while rate-cut expectations stays orderly.

Put beside current chatter on “Bitcoin holders have received eCash,” the incentive problem looks clearer.

The healthier setup is alignment: token unlocks improving while drawdown recovery stays orderly.

In practice, token unlocks and drawdown recovery interact before price fully reflects either one.

A clean chart can hide a crowded trade.

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