open interest keeps surprising consensus on weekend risk
Builders and treasuries should track open interest even when social feeds obsess over cycle psychology.
Even when feeds obsess over “Coinbase Pitches a Full Token Lifecycle Service, From Public Sales to Custody,” the durable question remains process versus prediction.
Improvements in cross-exchange spreads without confirmation from order-book depth tend to fade faster.
Liquidity still decides how far any catalyst can travel.
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