🚨 Onchain lending fees plummeted 50% year-over-year in 2026, signaling a market contraction. While Bitcoin remains the dominant collateral asset, Morpho’s counter-cyclical performance highlights protocol-level alpha. Locking BTC for fixed yields now carries elevated smart contract risk.

Is the decline in lending fees a bearish signal for BTC’s onchain utility? 🤔

#DeFi #Bitcoin

$BTC #TradingSignal #CryptoAnalysis