Spot traders, don’t worry too much about why there was a wick today—there’s no truth in financial markets, only stories. Speaking of stories, the most noteworthy signal in the secondary market today is the strong rise of the BTC L2/BTCFi sector. Turning BTC, the largest asset in the crypto industry, into a productive asset and returning to Satoshi Nakamoto’s vision has always been a pretty compelling story. Since the PerpDEX track managed to pull off a miracle with Hyperliquid’s aggressive pump, let’s hope the BTC L2/BTCFi sector can also have visionary devs use this strategy to achieve PMF.