Institutional perspective: “Echo Protocol will gradually wind down, and services such as lending and LSD have stopped accepting new deposits.”
Institutional position reductions don’t necessarily signal a bearish outlook; they may simply be portfolio rebalancing. Don’t read too much into it, but keep an eye on whether the trend continues.
$BTC —adding it to the watchlist first. Feel free to share any details you’ve noticed.

For reference only, not investment advice.