Trend · Nov 10, 2026 13:13 UTC

open interest is supporting builder priorities

Ignoring stablecoin velocity because stablecoin settlement looks exciting is how late-cycle mistakes compound.

Ignoring open interest because cycle psychology looks exciting is how late-cycle mistakes compound.

Put beside current chatter on “Initia Halts L1 After $605,000 USDC Outflow, Team Says,” the incentive problem looks clearer.

Ignoring stablecoins because dollar strength looks exciting is how late-cycle mistakes compound.

Improvements in stablecoins without confirmation from dollar strength tend to fade faster.

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