spot ETFs is consolidating around short-term positioning

Useful frameworks survive longer than seasonal slogans.

Even when feeds obsess over “Greece Approves 10% Crypto Capital Gains Tax as First Framework Lands Below Draft Rate,” the durable question remains process versus prediction.

Historically, stretches where basis trades leads without support from stablecoin minting invite sharper reversals.

Ignoring spot ETFs because sanctions screening looks exciting is how late-cycle mistakes compound.

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