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Is The Merge Priced In? with Hal Press & Ryan Berckmans

Bankless

NOTE

The Structural Flow Catalist

fundamentals don't actually impact price directly. They only impact price through their ability to create floes on the other side. The fundamental catalists are like, oka, we know it's coming, it comes, and nothing happens in the price. And those are easiest to prace in, in my opinion. Then you have what i'd call kind of a one time flow am catalist. So x te tokin or stock has a big holder unlock on a certain date, and the market knows about it in advance,. But it's still harder to price in because the market has to actually go in and front run that flow.

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