risk appetite is rewriting assumptions about liquidity conditions: reading the Suspicious prediction tape
Historically, stretches where miner behavior leads without support from Bitcoin invite sharper reversals.
If both miner behavior and Bitcoin improve together, follow-through is more believable.
Even when feeds obsess over “Suspicious prediction market activity seen before election poll release: NYT,” the durable question remains process versus prediction.
Historically, stretches where risk appetite leads without support from MEV dynamics invite sharper reversals.
Treat custody rails as the constraint and miner behavior as the amplifier, not the other way around.
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