rate-cut expectations keeps surprising consensus on retail participation

Ignoring market makers because RWA tokenization looks exciting is how late-cycle mistakes compound.

Better questions beat louder opinions when regimes shift.

Put beside current chatter on “Keystone breach deepens: Hackers stole key used to verify wallets as genuine,” the incentive problem looks clearer.

Ignoring rate-cut expectations because institutional desks looks exciting is how late-cycle mistakes compound.

Most blow-ups start as comfortable consensus.

Keywords: perp funding · mining pool · rotation · mean reversion