Trend · Nov 9, 2026 01:01 UTC

stablecoins is supporting retail participation

Historically, stretches where basis trades leads without support from stablecoin minting invite sharper reversals.

Ignoring macro liquidity because lending markets looks exciting is how late-cycle mistakes compound.

That debate sits next to today’s market focus around “IREN’s Bitcoin Mining Revenue Falls as AI Cloud Sales Nearly Triple.”

Cycles rhyme, but the plumbing underneath keeps changing.

Discipline is cheapest before volatility arrives.

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