The Oil-Bitcoin Coupling: Why $90 Brent Breaks the Macro Arbitrage
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Fear
Market Sentiment
Block reward reduced to 3.125 BTC
Independent validator client goes live on mainnet
Circulating supply increases by about 2%
Team and early investor shares released
Improves data availability sampling efficiency
92 million ARB released
Raises validator limit and account abstraction
Block reward halving event
Bitcoin Season