spot ETFs remains the swing factor for weekend risk: reading the Moscow Exchange tape

Cycles rhyme, but the plumbing underneath keeps changing.

Put beside current chatter on “Moscow Exchange Sets December Launch for Bitcoin, Ethereum Trading,” the incentive problem looks clearer.

Historically, stretches where sanctions screening leads without support from liquid staking invite sharper reversals.

Historically, stretches where risk appetite leads without support from MEV dynamics invite sharper reversals.

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