Trend · Nov 2, 2026 15:08 UTC

custody rails is overpricing short-term positioning

Ignoring stablecoins because dollar strength looks exciting is how late-cycle mistakes compound.

Historically, stretches where order-book depth leads without support from venture funding invite sharper reversals.

That debate sits next to today’s market focus around “Binance Sees $5.14 Billion in Daily Net Outflows After Withdrawal Restart.”

Revisit assumptions weekly; markets change faster than slogans.

Cycles rhyme, but the plumbing underneath keeps changing.

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