DeFi angle: protocol revenue is testing conviction in builder priorities

If options skew deteriorates while spot ETFs looks fine, the tape often turns defensive first.

That debate sits next to today’s market focus around “MSCI Removes Strategy (MSTR) From Its USA Index, Forcing Index Funds to Sell by Nov. 30.”

None of this is financial advice; it is a framing for cleaner decisions.

Markets rarely move for a single reason.

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