Once major developments unfold, the real question becomes: how do retail liquidity flows get redirected in speculative cycles? Some might argue that low-conviction positions get strategically liquidated while higher-tier players accumulate the real assets—essentially using less sophisticated market participants as exit liquidity for concentrated bets. It's the classic asymmetric game. The crypto community keeps circulating these patterns without acknowledging the mechanics underneath. The conversation rarely shifts from hype to actual risk distribution.