Trend · Nov 11, 2026 00:10 UTC

market makers keeps surprising consensus on hedging demand

Most blow-ups start as comfortable consensus.

Put beside current chatter on “US Bitcoin ETFs Lose $201M as BlackRock Withdrawals Extend the Slump,” the incentive problem looks clearer.

Keeping a written thesis helps avoid narrative whiplash.

The loudest story is not always the decisive one.

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