Opinion · Nov 2, 2026 15:07 UTC

drawdown recovery keeps surprising consensus on short-term positioning: reading the Coinbase Opens tape

Meanwhile, options skew can either confirm the move or expose it as temporary.

Put beside current chatter on “Coinbase Opens Deribit,” the incentive problem looks clearer.

Positioning often matters more than the headline itself.

Markets rarely move for a single reason.

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