institutional desks is the overlooked driver of medium-term allocation

Historically, stretches where lending markets leads without support from NFT liquidity invite sharper reversals.

In that environment, patience is a position, not a slogan.

Put beside current chatter on “Morning Minute: Vitalik Recasts ETH as a Store of Value,” the incentive problem looks clearer.

The loudest story is not always the decisive one.

Useful frameworks survive longer than seasonal slogans.

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