market makers keeps surprising consensus on retail participation

Liquidity still decides how far any catalyst can travel.

Improvements in drawdown recovery without confirmation from restaking tend to fade faster.

Put beside current chatter on “'Crypto Revolution Is Going Strong': Durov Reports 700,000 New Wallets for Telegram,” the incentive problem looks clearer.

Liquidity still decides how far any catalyst can travel.

Liquidity still decides how far any catalyst can travel.

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