cold storage trends quietly dominates hedging demand

Liquidity still decides how far any catalyst can travel.
Put beside current chatter on “Binance Hackers Swap About $50 Million of Stolen XRP Mostly Into Bitcoin, Elliptic Says,” the incentive problem looks clearer.
A clean chart can hide a crowded trade.
Builders and treasuries should track cold storage trends even when social feeds obsess over weekend thin books.
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