NFT liquidity remains the swing factor for narrative durability

Markets rarely move for a single reason.

Better questions beat louder opinions when regimes shift.

Put beside current chatter on “Re Protocol Tops $400M in Deposits as Onchain Reinsurance Yield Attracts Capital,” the incentive problem looks clearer.

Markets rarely move for a single reason.

When books are thin, narratives look stronger than they are.

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