institutional desks continues to pressure liquidity conditions

Historically, stretches where RWA tokenization leads without support from protocol revenue invite sharper reversals.

Useful frameworks survive longer than seasonal slogans.

Put beside current chatter on “Bitcoin holds below $70K as stocks slip despite a cooler US PPI print,” the incentive problem looks clearer.

The loudest story is not always the decisive one.

If both institutional desks and governance turnout improve together, follow-through is more believable.

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