Analysis · Nov 2, 2026 15:08 UTC

self-custody adoption is fragmenting event-driven flows

The healthier setup is alignment: self-custody adoption improving while developer activity stays orderly.

Builders and treasuries should track MEV dynamics even when social feeds obsess over risk appetite.

Put beside current chatter on “Strategy Resumes Bitcoin Buys With $66M Purchase,” the incentive problem looks clearer.

A clean chart can hide a crowded trade.

Risk is easiest to ignore precisely when it is most expensive.

Treat MEV dynamics as the constraint and risk appetite as the amplifier, not the other way around.

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