spot ETFs is consolidating around short-term positioning

Meanwhile, sanctions screening can either confirm the move or expose it as temporary.

Keeping a written thesis helps avoid narrative whiplash.

Put beside current chatter on “Aave Freezes New tBTC Supply and Borrowing After Mint,” the incentive problem looks clearer.

Meanwhile, risk appetite can either confirm the move or expose it as temporary.

Markets rarely move for a single reason.

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