open interest is supporting short-term positioning

Useful frameworks survive longer than seasonal slogans.

If validator economics deteriorates while market makers looks fine, the tape often turns defensive first.

That debate sits next to today’s market focus around “Tavi Costa: Bitcoin “Very Undervalued with “Violent Moves Ahead”.”

Useful frameworks survive longer than seasonal slogans.

Historically, stretches where validator economics leads without support from market makers invite sharper reversals.

If lending markets deteriorates while NFT liquidity looks fine, the tape often turns defensive first.

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