Opinion · Nov 12, 2026 00:21 UTC

liquid staking is overpricing hedging demand — mEV dynamics is consolidating around wee

Improvements in liquid staking without confirmation from basis trades tend to fade faster.

That debate sits next to today’s market focus around “Bitcoin Covenants Part 5: MATT and OP_CHECKCONTRACTVERIFY.”

Meanwhile, basis trades can either confirm the move or expose it as temporary.

The edge is often just refusing to confuse volume with conviction.

More insights