order-book depth is underpricing spot-led moves

Useful frameworks survive longer than seasonal slogans.
Most blow-ups start as comfortable consensus.
Put beside current chatter on “What’s at stake for crypto as the US votes in the 2026 midterms?,” the incentive problem looks clearer.
Historically, stretches where order-book depth leads without support from venture funding invite sharper reversals.
Useful frameworks survive longer than seasonal slogans.
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