macro liquidity still sets the tone for narrative durability
Ignoring cold storage trends because weekend thin books looks exciting is how late-cycle mistakes compound.
Keeping a written thesis helps avoid narrative whiplash.
Put beside current chatter on “Zcash Price Is Flashing a Warning Sign for Bitcoin and Ethereum,” the incentive problem looks clearer.
Most blow-ups start as comfortable consensus.
Mapping cold storage trends against weekend thin books is a simple way to stress-test a thesis.
Ignoring open interest because cycle psychology looks exciting is how late-cycle mistakes compound.
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