venture funding still sets the tone for retail participation

Ignoring venture funding because US session flows looks exciting is how late-cycle mistakes compound.
Treat custody rails as the constraint and miner behavior as the amplifier, not the other way around.
That debate sits next to today’s market focus around “Strategy Buys $82M in Bitcoin, Buys Back $188M of STRC.”
Mapping venture funding against US session flows is a simple way to stress-test a thesis.
Keeping a written thesis helps avoid narrative whiplash.
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