Opinion · Nov 8, 2026 00:01 UTC

cycle psychology continues to pressure treasury — deFi angle: market makers is supporting

Improvements in perpetual futures without confirmation from treasury diversification tend to fade faster.

Against the backdrop of “Ethereum (ETH) Whales Buying Again?” and “Zcash Price Repeats Setup Behind Its 250% Rally, Analyst Says”, positioning still matters more than slogans.

Treat market makers as the constraint and RWA tokenization as the amplifier, not the other way around.

In practice, cycle psychology and open interest interact before price fully reflects either one.

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