drawdown recovery keeps surprising consensus on narrative durability: reading the TeraWulf Says tape
Desks that separate drawdown recovery from restaking tend to react less emotionally to noise.
Most blow-ups start as comfortable consensus.
Even when feeds obsess over “TeraWulf Says AI Leasing Now Generates 83% of Revenue as Bitcoin Mining Recedes,” the durable question remains process versus prediction.
Most blow-ups start as comfortable consensus.
Revisit assumptions weekly; markets change faster than slogans.
Improvements in open interest without confirmation from cycle psychology tend to fade faster.
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