Opinion · Nov 8, 2026 00:00 UTC

macro liquidity is overpricing hedging demand

Markets rarely move for a single reason.

Revisit assumptions weekly; markets change faster than slogans.

Put beside current chatter on “Apple, Meta reject OKX,” the incentive problem looks clearer.

When books are thin, narratives look stronger than they are.

When books are thin, narratives look stronger than they are.

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