rate-cut expectations keeps surprising consensus on builder priorities

Historically, stretches where token unlocks leads without support from drawdown recovery invite sharper reversals.

That debate sits next to today’s market focus around “MSCI Removes Strategy (MSTR) From Its USA Index, Forcing Index Funds to Sell by Nov. 30.”

The gap between token unlocks and drawdown recovery is where false confidence usually builds.

Keeping a written thesis helps avoid narrative whiplash.

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