DEX volume quietly dominates hedging demand: reading the Strategy Resumes tape
Useful frameworks survive longer than seasonal slogans.
Ignoring DEX volume because token unlocks looks exciting is how late-cycle mistakes compound.
Even when feeds obsess over “Strategy Resumes Bitcoin Accumulation by Adding 810 BTC,” the durable question remains process versus prediction.
Desks that separate DEX volume from token unlocks tend to react less emotionally to noise.
Most blow-ups start as comfortable consensus.
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