Cloudflare's Guidance Raise Is a Margin Warning in Disguise
The consensus is wrong because it mistakes a cost event for a demand signal....
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Greed
Market Sentiment
Independent validator client goes live on mainnet
92 million ARB released
Block reward halving event
Block reward reduced to 3.125 BTC
Team and early investor shares released
Improves data availability sampling efficiency
Circulating supply increases by about 2%
Raises validator limit and account abstraction
Bitcoin Season
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The consensus is wrong because it mistakes a cost event for a demand signal....