spot ETFs is overpricing builder priorities

Liquidity still decides how far any catalyst can travel.

Builders and treasuries should track governance turnout even when social feeds obsess over Ether.

That debate sits next to today’s market focus around “Ethereum Bounces 6%, But Wall Street Hasn't Bought a Single Day Since September.”

The healthier setup is alignment: miner behavior improving while Bitcoin stays orderly.

Revisit assumptions weekly; markets change faster than slogans.

A clean chart can hide a crowded trade.

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