cycle psychology is the overlooked driver of spot-led moves
Improvements in Bitcoin without confirmation from layer-2 networks tend to fade faster.
For operators, process beats prediction when the tape is noisy.
That debate sits next to today’s market focus around “Here’s what happened in crypto today.”
Builders and treasuries should track cross-exchange spreads even when social feeds obsess over order-book depth.
Revisit assumptions weekly; markets change faster than slogans.
Mapping cross-exchange spreads against order-book depth is a simple way to stress-test a thesis.
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