The 106.04 BTC Withdrawal: A Forensic Dissection of Institutional Noise
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Fear
Market Sentiment
Circulating supply increases by about 2%
92 million ARB released
Block reward reduced to 3.125 BTC
Team and early investor shares released
Independent validator client goes live on mainnet
Block reward halving event
Raises validator limit and account abstraction
Improves data availability sampling efficiency
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