April isn’t even over, and DeFi has already lost $600 million. The latest hit: Kelp was hacked for $296 million over the weekend. (One of the star projects in the restaking space) Here’s DeFi’s bleeding tally for 2024 so far: January: $210 million February: $180 million March: $340 million April: $600 million+ (in just 20 days) Do you see the pattern? It’s not retail investors withdrawing— it’s hackers collecting quarterly rent. This is the awkward reality of BTC in 2026: Up top— Institutional ETFs pulled in $411 million in a single day. JPMorgan, BlackRock, Goldman Sachs are all entering. The compliance narrative is getting cleaner by the day. Down below— DeFi is getting robbed of $500 million+ per month. Restaking, CEXs, bridges—all triple-busted. The security narrative is getting dirtier by the day. BTC is turning white. DeFi is turning red. One industry. Two faces. The watershed moment for the next bull market: Will capital stay in compliant ETFs… or dive back into on-chain yields? The answer lies between hackers and investment banks. $BTC #DeFi #Security
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