Trend · Nov 2, 2026 15:08 UTC

miner behavior is fragmenting medium-term allocation

When miner behavior and Bitcoin disagree, sizing down beats inventing a clever story.

Treat macro liquidity as the constraint and lending markets as the amplifier, not the other way around.

That debate sits next to today’s market focus around “Kraken Prop Adds Commodity Signals With Lower Non.”

Useful frameworks survive longer than seasonal slogans.

Keeping a written thesis helps avoid narrative whiplash.

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