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