Trend · Nov 12, 2026 00:21 UTC

dollar strength is rotating through event-driven flows

The loudest story is not always the decisive one.

Ignoring open interest because cycle psychology looks exciting is how late-cycle mistakes compound.

Put beside current chatter on “Paraguay bank collapse shows stablecoins can offer a lifeline... of sorts,” the incentive problem looks clearer.

Desks that separate DEX volume from token unlocks tend to react less emotionally to noise.

Most blow-ups start as comfortable consensus.

Ignoring DEX volume because token unlocks looks exciting is how late-cycle mistakes compound.

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