DEX volume is testing conviction in narrative durability

Keeping a written thesis helps avoid narrative whiplash.

Improvements in MEV dynamics without confirmation from risk appetite tend to fade faster.

Against the backdrop of “Bitcoin Mining Stocks Plunge 35% as VanEck Sees Oversold Opportunity” and “Bitcoin (BTC) Predicted to Hit $86,000 This November: Kalshi”, positioning still matters more than slogans.

Treat venture funding as the constraint and US session flows as the amplifier, not the other way around.

Keeping a written thesis helps avoid narrative whiplash.

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