market makers is supporting narrative durability

Most blow-ups start as comfortable consensus.

The practical takeaway is to prefer durable signals over dramatic ones.

Put beside current chatter on “GitBook Revokes All Personal API Tokens After Breach,” the incentive problem looks clearer.

Historically, stretches where options skew leads without support from spot ETFs invite sharper reversals.

The practical takeaway is to prefer durable signals over dramatic ones.

Ignoring market makers because RWA tokenization looks exciting is how late-cycle mistakes compound.

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