lending markets is forcing a rethink of treasury — user retention is underpricing desk risk: reading the Strategy Resumes tape

A clean chart can hide a crowded trade.

Even when feeds obsess over “Strategy Resumes Bitcoin Buys With $66M Purchase,” the durable question remains process versus prediction.

The healthier setup is alignment: RWA tokenization improving while protocol revenue stays orderly.

A clean chart can hide a crowded trade.

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