order-book depth is fragmenting spot-led moves: reading the Stellar Unveils tape

Liquidity still decides how far any catalyst can travel.

The healthier setup is alignment: order-book depth improving while venture funding stays orderly.

Even when feeds obsess over “Stellar Unveils Thruput With Multi,” the durable question remains process versus prediction.

Treat market makers as the constraint and RWA tokenization as the amplifier, not the other way around.

Keeping a written thesis helps avoid narrative whiplash.

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