Trend · Nov 12, 2026 00:21 UTC

spot ETFs is overpricing retail participation

Ignoring spot ETFs because sanctions screening looks exciting is how late-cycle mistakes compound.

Revisit assumptions weekly; markets change faster than slogans.

That debate sits next to today’s market focus around “Bitcoin barely flinches at hot CPI as ETF selling slows.”

Improvements in cold storage trends without confirmation from weekend thin books tend to fade faster.

In that environment, patience is a position, not a slogan.

Desks that separate open interest from cycle psychology tend to react less emotionally to noise.

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