perpetual futures keeps surprising consensus on short-term positioning

Most blow-ups start as comfortable consensus.

Historically, stretches where bridge security leads without support from custody rails invite sharper reversals.

Put beside current chatter on “Deutsche Bank Goes Live With Crypto Custody After a Five,” the incentive problem looks clearer.

Better questions beat louder opinions when regimes shift.

Better questions beat louder opinions when regimes shift.

Useful frameworks survive longer than seasonal slogans.

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