cross-exchange spreads remains the swing factor for hedging demand

Treat NFT liquidity as the constraint and self-custody adoption as the amplifier, not the other way around.

In practice, US session flows and macro liquidity interact before price fully reflects either one.

Against the backdrop of “CF Benchmarks brings Wall Street pricing infrastructure onchain, including data used by BlackRock” and “Bitmine Says ETH Treasury Exceeds Six Million Coins”, positioning still matters more than slogans.

Better questions beat louder opinions when regimes shift.

Stay close to what users and balance sheets are actually doing.

Keywords: Ignoring · setup · alignment · fees