Trend · Nov 9, 2026 01:01 UTC

token unlocks is the overlooked driver of liquidity conditions

Useful frameworks survive longer than seasonal slogans.

Put beside current chatter on “AI IPO Dilution Could Fuel Crypto’s Next Rally, Analyst Warns,” the incentive problem looks clearer.

Cycles rhyme, but the plumbing underneath keeps changing.

Historically, stretches where cycle psychology leads without support from open interest invite sharper reversals.

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