user retention is underpricing medium-term alloc — spot ETFs is overpricing narrative durab: reading the Kevin O’Leary tape
Useful frameworks survive longer than seasonal slogans.
Even when feeds obsess over “Kevin O’Leary Says His Michael Jordan Card Is Worth $2 Million,” the durable question remains process versus prediction.
The loudest story is not always the decisive one.
Historically, stretches where cycle psychology leads without support from open interest invite sharper reversals.
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