open interest is supporting short-term positioning

Useful frameworks survive longer than seasonal slogans.

Even when feeds obsess over “Kalshi’s Tradable Midterms Index Settles to Pyth Values,” the durable question remains process versus prediction.

Ignoring cold storage trends because weekend thin books looks exciting is how late-cycle mistakes compound.

Historically, stretches where on-chain fees leads without support from perpetual futures invite sharper reversals.

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