According to @MilkRoadDaily, Ryan Watkins, Co-Founder of Syncracy Capital, highlighted that the treasury flywheel for Ethereum (ETH) is gaining momentum as capital flows in, tokens are bought, and prices rise. However, there is growing concern that if ETH-related tokens or treasuries begin trading below their net asset value (NAV), it could signal market instability or a potential bubble risk. Traders should closely monitor ETH market dynamics and NAV disparities for early warning signs of volatility or a reversal in price trends. Source: @MilkRoadDaily (Twitter, July 25, 2025).