Analysis · Nov 5, 2026 01:31 UTC

market makers quietly dominates hedging demand

BITCOIN daily trend
BITCOIN daily trend

Builders and treasuries should track market makers even when social feeds obsess over RWA tokenization.

Attention jumps quickly; capital moves more slowly.

That debate sits next to today’s market focus around “Matt Corallo Flags Critical Linux Kernel Flaw; Lightning Labs Ships LND Mitigation.”

Treat market makers as the constraint and RWA tokenization as the amplifier, not the other way around.

The healthier setup is alignment: miner behavior improving while Bitcoin stays orderly.

Treat protocol revenue as the constraint and exchange reserves as the amplifier, not the other way around.

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