open interest keeps surprising consensus on hedging demand

Meanwhile, cycle psychology can either confirm the move or expose it as temporary.
Improvements in stablecoins without confirmation from dollar strength tend to fade faster.
Put beside current chatter on “$26 Billion Bitcoin ETFs Selloff Wipes Out Every 2026 Inflow,” the incentive problem looks clearer.
When books are thin, narratives look stronger than they are.
Meanwhile, sanctions screening can either confirm the move or expose it as temporary.
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