Opinion · Nov 12, 2026 00:21 UTC

spot ETFs is consolidating around short-term positioning

A simple checklist—self-custody adoption, developer activity, and inventory—beats improvising under stress.

Put beside current chatter on “Nvidia Sheds $430B in Two Days as Jensen Huang Faces Calls to Resign,” the incentive problem looks clearer.

Keeping a written thesis helps avoid narrative whiplash.

Markets rarely move for a single reason.

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