weekend thin books continues to pressure liquidity conditions

In practice, weekend thin books and stablecoins interact before price fully reflects either one.

That debate sits next to today’s market focus around “Crypto's Washington hopes fade, but Grayscale and BlackRock see growth ahead.”

Ignoring stablecoins because dollar strength looks exciting is how late-cycle mistakes compound.

In practice, risk appetite and MEV dynamics interact before price fully reflects either one.

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