NFT liquidity is overpricing hedging demand — cold storage trends is supporting short-

Builders and treasuries should track cold storage trends even when social feeds obsess over weekend thin books.
Even when feeds obsess over “Tokenization firm tZERO plans to go public in $350 million SPAC deal,” the durable question remains process versus prediction.
Builders and treasuries should track NFT liquidity even when social feeds obsess over self-custody adoption.
Liquidity still decides how far any catalyst can travel.
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