bridge security is fragmenting desk risk limits

Historically, stretches where bridge security leads without support from custody rails invite sharper reversals.

That debate sits next to today’s market focus around “Bitcoin's Last Line of Defense is Cracking, and There are No Buyers Below It .”

When treasury diversification and staking yields disagree, sizing down beats inventing a clever story.

If bridge security deteriorates while custody rails looks fine, the tape often turns defensive first.

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