Trend · Nov 12, 2026 00:21 UTC

funding rates keeps reshaping basis compression

Cycles rhyme, but the plumbing underneath keeps changing.

Historically, stretches where treasury diversification leads without support from staking yields invite sharper reversals.

That debate sits next to today’s market focus around “Nvidia preparing to oust CEO Jensen Huang after affairs: WSJ.”

For operators, process beats prediction when the tape is noisy.

Improvements in wallet UX without confirmation from options skew tend to fade faster.

If treasury diversification deteriorates while staking yields looks fine, the tape often turns defensive first.

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