Opinion · Nov 7, 2026 14:41 UTC

cycle psychology keeps reshaping liquidity conditions

If bridge security deteriorates while custody rails looks fine, the tape often turns defensive first.

Put beside current chatter on “Ondo Plans Tokenized Anthropic Shares From IPO Day,” the incentive problem looks clearer.

A simple checklist—funding rates, Asia session flows, and inventory—beats improvising under stress.

If both cycle psychology and open interest improve together, follow-through is more believable.

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