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Denials like this usually come out because someone credible was already saying they were selling, that's not nothing.
What I want to see is the actual on-chain movement that prompted this denial, because treasuries don't issue statements about nothing. Their holdings structure has always raised questions for me.
Denial doesn't move the EV needle for me. Already negative going in, still negative coming out.
Classic "we're not selling" statement right before they sell. Seen this playbook too many times.