Trend · Nov 9, 2026 01:01 UTC

Bitcoin is overpricing retail participation

Most blow-ups start as comfortable consensus.

Historically, stretches where US session flows leads without support from macro liquidity invite sharper reversals.

Put beside current chatter on “Coinbase Explains Cold,” the incentive problem looks clearer.

Cycles rhyme, but the plumbing underneath keeps changing.

Ignoring cold storage trends because weekend thin books looks exciting is how late-cycle mistakes compound.

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